CAMDEN — The board of directors of Camden National Corporation and Camden National Bank, the company’s wholly-owned subsidiary, recently announced that Carl J. Soderberg of Caribou has been elected to serve as a member of the board of directors.
Also elected was David J. Ott of York, who has more than 25 years of banking industry experience.
Soderberg and Ott are joining Camden National and Camden National Bank in conjunction with, and subject to completion of, the merger with SBM Financial, Inc. and its wholly owned-subsidiary, The Bank of Maine. Both men have served as directors of SBM since 2010 and 2011, respectively.
The president of Soderberg Company, Inc., a construction company in Caribou, Soderberg has served on numerous boards including as past director of First Citizens Bank, serving as vice chairman from 2005-2007, and on the loan and audit committees of the board of directors from 1996-2007. He is currently a director for the University of Maine at Presque Isle Foundation and for the Big Rock Mountain Ski Area in Mars Hill.
“Camden National is a proven leader within the community banking space across Maine, and I am looking forward to serving as a director of the Company and assist with shaping its future,” said Soderberg. “With the joining of these two companies under the Camden National franchise, the Company is poised to achieve great things going forward.”
In addition to his role as a board members, Soderberg will serve as a member of the Governance and Risk Committee and Asset and Liability Committee.
“Both David and Carl will be great assets to Camden National and its shareholders,” said Karen W. Stanley, Chair of the board of directors of the Company and Camden National Bank. “With the merger of SBM into Camden National scheduled to close on October 16, 2015, David and Carl will provide a breadth of knowledge and experience through their past roles on the SBM board of directors and their extensive careers that will benefit the Company moving forward.”
