Camden National to Acquire Northway Financial for $86.6M
CAC to acquire Northway Financial for $86.6 million in all-stock transaction. Deal expected to boost earnings per share by 19.9% for 2025. Combined entity to have roughly $7 billion in total assets post-merger. Anticipated cost savings of 35% from Northway's non-interest expenses. Shareholders will own 86% of the new entity after merger completion.
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