CAMDEN – Camden National Bank announced that it has received the highest possible overall rating of “Outstanding” from the Office of the Comptroller of the Currency for its most recent Community Reinvestment Act examination period, covering 2018 to 2020. This marks the 18th year that the bank has been rated “Outstanding” for CRA.

Established by Congress in 1977, the CRA encourages banks to meet the credit needs of all segments of the communities where and with whom they do business, including low- and moderate-income populations and individuals.

“It’s an honor to receive the highest possible rating from the OCC this year. Since our founding in 1875, Camden National Bank has been a community bank with a storied history of being an integral part of the neighborhoods where we do business,” said Greg Dufour, President & CEO of Camden National Bank. “This rating demonstrates our long-term commitment to both CRA as well as environmental, social, and governance (ESG) measures to support our communities.”

During the evaluation period, the bank originated a total of 34 qualified CD loans to 28 different community organizations within the two full-scope Assessment Areas in the state of Maine. Qualified CD loans totaled $65.7 million, or 15.6 percent of bank-wide tier 1 capital as Dec. 31, 2020, meeting the standard for outstanding performance.

filed under: