Acadia will become part of Camden National Bank and newly branded as “Camden National Wealth Management.”

Mary Beth Haut, who joined Acadia in April 2016, will become managing director and executive of Camden National Wealth Management Group.

“Since joining us in April, Mary Beth has taken the time to learn about Acadia and Camden National Bank, strategically review the strengths of both organizations, and assess our current and future client needs,” said Greg Dufour, president and CEO of Camden National Corporation. “We concluded that by making Acadia part of Camden National Bank, we’ll be able to leverage the technology, capital and resources of both companies to better serve our clients.”

Acadia Trust, N.A. has been operating as a wholly-owned subsidiary of Camden National Corporation since 2001, and provides comprehensive wealth management, investment management and trust services to individual and institutional clients.

“Our clients will continue to benefit from superb investment management, trust, planning and administrative services and, as wealth management clients of Camden National Bank, will also have exclusive access to a comprehensive range of deposit and loan products,” said Haut. “Acadia’s proprietary investment discipline has served clients well for more than 30 years and will continue to be central to our investment management platform. Based on client preferences and objectives, portfolio managers will now have the opportunity to utilize additional investment solutions selected with the same rigor with which we identify and manage individual securities, or they may continue to invest entirely in the longstanding strategy.”

In addition to her duties as managing director and wealth management group executive, Haut will join the executive committee of Camden National Bank. The combination, subject to regulatory approval, will be effective during the fourth quarter of 2016.