Camden National (CAC) reshapes credit, commercial and treasury leadership
Filing Impact
Filing Sentiment
Form Type
8-K
Rhea-AI Filing Summary
Camden National Corporation announced leadership changes to strengthen its commercial banking business. Katherine W. Brunelle has been named Executive Vice President and Chief Credit Officer, effective July 1, 2026, succeeding Ryan A. Smith, who becomes Executive Vice President, Commercial Banking.
At subsidiary Camden National Bank, Brunelle, Smith, and Barbara Raths (now Executive Vice President, Treasury Management and Government Banking) form a senior team focused on commercial clients, municipalities, and nonprofits across Northern New England. The bank highlights a strategy built on relationship banking, credit discipline, and treasury and government banking expertise to support liquidity, payments, and capital needs.
Camden National Corporation, the largest publicly traded bank holding company in Northern New England, reports $7.0 billion in assets and 72 banking centers in Maine and New Hampshire, reflecting a sizable regional community banking footprint.
Positive
- None.
Negative
- None.
8-K Event Classification
2 items: 7.01, 9.01
2 items
Item 7.01
Regulation FD Disclosure
Disclosure
Material non-public information disclosed under Regulation Fair Disclosure, often investor presentations or guidance.
Item 9.01
Financial Statements and Exhibits
Exhibits
Financial statements, pro forma financial information, and exhibit attachments filed with this report.
Key Figures
Total assets: $7.0 billion
Banking centers: 72 banking centers
Founding year: 1875
+1 more
4 metrics
Total assets
$7.0 billion
Camden National Corporation assets as described in company overview
Banking centers
72 banking centers
Camden National Bank locations in Maine and New Hampshire
Founding year
1875
Year Camden National Bank was founded
Effective date of Brunelle role
July 1, 2026
Start date for Executive Vice President, Chief Credit Officer role
Key Terms
chief credit officer, treasury management, government banking, commercial and industrial relationships, +1 more
5 terms
chief credit officer financial
"Kate Brunelle has been named executive vice president, chief credit officer"
treasury management financial
"executive vice president, treasury management and government banking"
Treasury management is a company's day‑to‑day handling of cash, short‑term investments, borrowing and financial risks to make sure bills are paid, excess cash is used wisely, and exposure to things like interest rates or foreign currencies is controlled. Think of it as running the company's checking account and emergency fund so operations keep flowing. For investors, strong treasury management signals that a company can meet obligations, fund growth without costly surprises, and protect value in changing markets.
government banking financial
"treasury management and government banking strategies for business, nonprofit, and public-sector clients"
Government banking covers the accounts and financial services used to collect, hold and move public money, plus the public-sector banks and facilities that carry out those tasks. Think of it as a country’s household checking account and bill-paying system: it processes tax receipts, pays salaries and benefits, issues and services debt, and executes policy through public banks. Investors watch it because how governments manage cash and debt affects fiscal health, credit risk, bond yields and the broader financial system.
commercial and industrial relationships financial
"centered on deepening full commercial and industrial relationships across Northern New England"
bank holding company financial
"Northern New England’s largest publicly traded bank holding company, with $7.0 billion in assets"
A bank holding company is a parent corporation that owns one or more banks and other financial businesses, like a household that controls several shops under the same roof. Investors care because this structure determines how the business is regulated, how it raises capital, pays dividends, and absorbs losses; it can make a banking group safer or riskier and affects the value and liquidity of the company’s shares.
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934
Date of Report (date of earliest event reported): June 30, 2026
(Exact name of registrant as specified in its charter)
(State or other jurisdiction of incorporation) | (Commission File Number) | (IRS Employer Identification No.) | |||||||||
(Address of principal executive offices) | (Zip Code) | ||||||||||
Registrant's telephone number, including area code: (207 ) 236-8821
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
Securities registered pursuant to Section 12(b) of the Act:
| Title of each class | Trading Symbol(s) | Name of each exchange on which registered | ||||||
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter). Emerging Growth Company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. o
| Item 7.01 | Regulation FD Disclosure. | ||||
On June 30, 2026, Camden National Corporation (the “Company”) named Katherine W. Brunelle as Executive Vice President, Chief Credit Officer, effective July 1, 2026. Ms. Brunelle succeeds Ryan A. Smith, who has been named Executive Vice President, Commercial Banking. A copy of the press release issued by the Company’s subsidiary, Camden National Bank, is attached hereto as Exhibit 99.1 and is incorporated by reference into this Item 7.01.
The information contained in, or incorporated by reference into, this Item 7.01, including Exhibit 99.1, is being furnished, and shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, or otherwise subject to the liabilities under that section. Furthermore, the information contained in, or incorporated by reference into, this Item 7.01 shall not be deemed to be incorporated by reference into any registration statement or other filing of the Company under the Securities Act of 1933.
| Item 9.01 | Financial Statements and Exhibits. | ||||
(d) The following exhibits are filed with this Report:
| Exhibit No. | Description | ||||
99.1 | Press Release Dated July 6, 2026 | ||||
| 101 | Cover Page Interactive Data - the cover page XBRL tags are embedded within the Inline XBRL document. | ||||
| 104 | Cover Page Interactive Data File - Included in Exhibit 101. | ||||
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Dated: July 6, 2026
| CAMDEN NATIONAL CORPORATION (Registrant) | ||||||||
| By: | /s/ MICHAEL R. ARCHER | |||||||
| Michael R. Archer Chief Financial Officer and Principal Financial & Accounting Officer | ||||||||
FOR IMMEDIATE RELEASE
Media Contact:
Renée Smyth, Executive Vice President, Chief Experience & Marketing Officer
Camden National Bank | 2 Canal Plaza, Portland, ME 04101 | (207) 518-5607
Camden National Bank | 2 Canal Plaza, Portland, ME 04101 | (207) 518-5607
Camden National Bank Appoints Commercial Banking Leaders to Build on Momentum
Strengthening support for businesses, municipalities, and nonprofits
CAMDEN, Maine — July 6, 2026 — Camden National Bank, a community bank serving customers since 1875, today announced three executive appointments that strengthen its commercial banking leadership and enhance support for clients across Northern New England.
Kate Brunelle has been named executive vice president, chief credit officer; Ryan Smith has been named executive vice president, commercial banking; and Barbara Raths has been named executive vice president, treasury management and government banking. Together, these leaders bring extensive expertise in commercial banking, treasury management, and credit to better serve businesses, municipalities, and nonprofit organizations across the region.
“These experienced leaders bring a relationship-first approach and complementary strengths that will enhance how we support commercial clients across Northern New England,” said Simon Griffiths, president and chief executive officer of Camden National Bank. “Their collective strengths position us to deepen client relationships, expand our capabilities, and deliver the responsive guidance businesses, municipalities, and nonprofits need to grow and navigate an increasingly complex financial environment.”
The bank’s strategy is centered on deepening full commercial and industrial relationships across Northern New England by pairing local market knowledge with specialized expertise in treasury, government banking, and credit. This approach gives clients access to senior-level guidance and broader financial solutions as they manage liquidity, payments, capital needs, and changing market conditions.
Brunelle joins Camden National Bank from TD Bank, where she built a 20-year career in commercial banking, credit risk, and complex credit restructuring. Most recently, she served as a Senior Credit Officer in Workout for the Specialty and Middle Market portfolio, structuring complex commercial credit requests for companies in special situations across a range of industries and revenue sizes. Her experience leading workout teams and managing complex commercial and corporate credit situations adds depth to Camden National Bank’s credit leadership and supports its disciplined, relationship-focused commercial strategy.
Smith joined Camden National Bank in 2012 and has held senior leadership roles across commercial banking and credit administration. He previously led Camden National Bank’s Commercial Banking team and most recently has served as chief credit officer, bringing deep experience in relationship banking, credit, and risk management to his new role. This background positions him to advance the bank’s commercial strategy with a strong focus on disciplined growth and client service.
Raths joined Camden National Bank in 2019 and has led treasury management and government banking strategies for business, nonprofit, and public-sector clients. Her background includes government banking at People’s United Bank, corporate treasury finance at WEX, and public finance leadership as deputy state treasurer for the State of Maine. Her experience across public finance and treasury management strengthens Camden National Bank’s ability to deliver tailored solutions for municipalities, nonprofits, and commercial clients.
About Camden National Corporation
Camden National Corporation (NASDAQ: CAC) is Northern New England’s largest publicly traded bank holding company, with $7.0 billion in assets. Founded in 1875, Camden National Bank, with 72 banking centers in Maine and New Hampshire, is a full-service community bank offering modern digital banking services, complemented by award-winning, personalized support. Additional information is available at CamdenNational.bank. Member FDIC. Equal Housing Lender.
Comprehensive wealth management, investment, and financial planning services are delivered by Camden National Wealth Management.
FAQ
What leadership changes did Camden National (CAC) announce in this 8-K?
Camden National named Katherine W. Brunelle Executive Vice President and Chief Credit Officer, effective July 1, 2026. Ryan A. Smith transitioned to Executive Vice President, Commercial Banking, and Barbara Raths became Executive Vice President, Treasury Management and Government Banking.
When does Katherine Brunelle become Chief Credit Officer at Camden National?
Katherine Brunelle’s appointment as Executive Vice President and Chief Credit Officer is effective July 1, 2026. She joins Camden National Bank after a 20-year career at TD Bank in commercial banking, credit risk, and complex credit restructuring roles.
What is Ryan Smith’s new role at Camden National Bank?
Ryan Smith has been named Executive Vice President, Commercial Banking. He previously served as Chief Credit Officer and has led Camden National Bank’s Commercial Banking team, bringing experience in relationship banking, credit, and risk management to his expanded commercial leadership role.
What position did Camden National give to Barbara Raths?
Barbara Raths was appointed Executive Vice President, Treasury Management and Government Banking. She has led these areas since joining Camden National Bank in 2019 and brings prior experience in government banking, corporate treasury finance, and public finance leadership in Maine.
How large is Camden National Corporation (CAC) based on this filing?
Camden National Corporation reports $7.0 billion in assets, making it Northern New England’s largest publicly traded bank holding company. The company operates 72 banking centers in Maine and New Hampshire through Camden National Bank, its full-service community banking subsidiary.
What is Camden National Bank’s strategic focus for commercial clients?
The bank focuses on deepening full commercial and industrial relationships across Northern New England. It combines local market knowledge with specialized expertise in treasury, government banking, and credit to support liquidity, payments, capital needs, and changing market conditions for businesses and nonprofits.