Camden National Corporation Appoints Rebecca Hatfield to Board of Directors

Rhea-AI Summary

Camden National Corporation (Nasdaq: CAC) has appointed Rebecca Hatfield as a director, effective December 31, 2022. Hatfield will also join the Capital Committee and Camden National Bank's Board. She brings extensive experience in risk management from her leadership at Avesta Housing, overseeing over 100 properties serving 5,000 people. Recognized in the business community, Hatfield aims to enhance corporate strategy and shareholder value. Camden National, with $5.5 billion in assets, continues to be a key player in Northern New England's banking landscape.

Positive

• Rebecca Hatfield's extensive background in risk management and housing could provide valuable insights.
• Her experience is expected to advance corporate strategy and enhance shareholder value.

Negative

• Concerns about continuity and the experience gap due to Hatfield's newness on the board.

Bank welcomes distinguished credit risk and housing leader 

CAMDEN, Maine, Sept. 28, 2022 /PRNewswire/ -- Camden National Corporation (Nasdaq: CAC), parent company of Camden National Bank, today announced the appointment of Rebecca Hatfield as a director, effective December 31, 2022. She has also been appointed to the board's Capital Committee and Camden National Bank's Board of Directors.

"We are extremely pleased to welcome Rebecca as a new independent director to our board," said Larry Sterrs, chair of Camden National Corporation's Board of Directors. "Rebecca's deep knowledge of risk management, including underwriting and portfolio management will bring invaluable perspective which will enrich and strengthen the board. Her professional experience leading Avesta Housing will provide additional insight into the needs of the customers and communities the Bank serves."

As president and chief executive officer of Avesta Housing, Hatfield oversees over 100 properties located in Maine and New Hampshire. Avesta Housing provides safe, affordable homes and support services for 5,000 people. Prior to joining Avesta, Hatfield was a senior vice president at Citigroup, working in various roles within the private, commercial and corporate banks. In addition to her nonprofit leadership, real estate development, and property management experience, she has over 15 years of experience in finance, with a focus on deal structuring, underwriting, risk analysis, portfolio management, and relationship management. Hatfield's previous employment also includes five years as a software and network management engineer, serving as project manager and lead developer.

"Rebecca is highly respected, both in our local business community and across the broad array of industries she has served," said Greg Dufour, president and chief executive officer of Camden National Corporation. "Rebecca's experience will help advance and expand our corporate strategy while enhancing shareholder value. We look forward to her contributions."

Hatfield, 44, was named a 2021 Mainebiz Women to Watch and is actively involved in the community beyond her role at Avesta. She currently serves on the board of Genesis Community Loan Fund and Gulf of Maine Research Institute. She earned her master's degree in business administration from the UCLA Anderson School of Management and her Bachelor of Science degree in computer and information science from the University of Maryland U.C.

About Camden National Bank

Camden National Corporation (NASDAQ:CAC) is the largest publicly traded bank holding company in Northern New England with $5.5 billion in assets and approximately 600 employees. Camden National Bank, its subsidiary, is a full-service community bank founded in 1875 in Camden, Maine. Dedicated to customers at every stage of their financial journey, the bank offers the latest in digital banking, complemented by personalized service with 58 banking centers, 24/7 live phone support, 68 ATMs, and additional lending offices in New Hampshire and Massachusetts. For the past three years, Camden National Bank was named a Customer Experience (CX) Leader by independent research firm, Greenwich Associates. In 2021, it received awards in two CX categories: U.S. Retail Banking and U.S. Commercial Small Business and the bank was included in the list of Best Places to Work in Maine for the second year. Member FDIC. Equal Housing Lender.

Comprehensive wealth management, investment and financial planning services are delivered by Camden National Wealth Management. To learn more, visit CamdenNational.bank.

 

View original content to download multimedia:https://www.prnewswire.com/news-releases/camden-national-corporation-appoints-rebecca-hatfield-to-board-of-directors-301635339.html

SOURCE Camden National Corporation

FAQ

Who is Rebecca Hatfield and what is her role at Camden National Corporation?

Rebecca Hatfield has been appointed as a director of Camden National Corporation, effective December 31, 2022, bringing expertise in risk management and housing.

What impact might Rebecca Hatfield's appointment have on Camden National Corporation's strategy?

Her extensive experience is expected to enhance corporate strategy and shareholder value at Camden National Corporation.

When did Camden National Corporation announce Rebecca Hatfield's appointment?

Camden National Corporation announced Rebecca Hatfield's appointment on September 28, 2022.

What is Camden National Corporation's asset size?

Camden National Corporation currently has $5.5 billion in assets.

What prior experience does Rebecca Hatfield have before joining Camden National Corporation's board?

Before joining Camden National, Hatfield was president and CEO of Avesta Housing and a senior vice president at Citigroup.