Camden National Corp. Appoints Raina Maxwell to Board of Directors
Rhea-AI Summary
Camden National (NASDAQ: CAC) has appointed Raina L. Maxwell to its Board of Directors and Camden National Bank's Board, effective February 25, 2025. Maxwell will also serve on the Camden National Credit Committee.
Maxwell brings over 13 years of experience from L.L.Bean, where she led their customer satisfaction program. Her career includes financial roles at Standard & Poor's Corporate Value Consulting and Carana She holds an MBA from the University of Virginia and a BA in economics and international affairs from the University of New Hampshire.
The appointment aims to strengthen Camden National's position as the premier publicly traded bank in Northern New England, leveraging Maxwell's expertise in customer satisfaction and financial strategy.
Positive
- Strategic board enhancement with expertise in customer satisfaction and finance
- Addition of experienced leader with 13+ years at major retailer L.L.Bean
- Strengthening of Credit Committee with financial strategy expert
Negative
- None.
News Market Reaction
On the day this news was published, CAC gained 0.16%, reflecting a mild positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
Board welcomes customer experience and financial leader to drive innovation and growth
"We're delighted to continue to make strategic additions and enhancements to our Board," said Larry Sterrs, chair of Camden National's Board of Directors. "Raina's extensive experience and dedication to delivering exceptional customer satisfaction, complimented by her strong financial expertise, will play a vital role in guiding our efforts to solidify our position as the premier publicly traded bank in Northern New England."
Ms. Maxwell brings over 13 years of experience in strategically building and leading L.L.Bean, Inc.'s award-winning customer satisfaction program. She started her career at L.L.Bean in 2004 in the finance area, where she spent several years overseeing the planning, development, and execution of corporate long-term strategic financial initiatives. Prior to L.L.Bean, Ms. Maxwell held several financial roles at Standard & Poor's Corporate Value Consulting, formerly PricewaterhouseCoopers LLP, and Carana Corporation.
"It's truly an honor to join a company that prioritizes its people, embraces technology, and, most importantly, deeply understands its community," said Raina Maxwell. "Camden National Bank aligns with my passion for fostering long-term growth through innovation and exceptional customer service, both in digital interactions and personal, face-to-face experiences."
Ms. Maxwell graduated from Leadership Maine, earned her master's degree in business administration from the University of
About Camden National Corporation
Camden National Corporation (NASDAQ: CAC) is Northern New England's largest publicly traded bank holding company, with approximately
Comprehensive wealth management, investment, and financial planning services are delivered by Camden National Wealth Management.
* Total assets and branch data reflect the completion on January 2, 2025, of Camden National Corporation's previously announced merger with Northway Financial, Inc.
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SOURCE Camden National Corporation
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