Camden, Maine, February 3, 2025—Camden National Bank announced today that it will donate $100,000 in unrestricted funding to Avesta Housing, the largest nonprofit affordable housing developer in Northern New England, to help address homeownership and housing stability.
“We are fortunate to partner with Avesta Housing, an organization equally dedicated to the communities we serve,” said Simon Griffiths, president and chief executive officer of Camden National Bank. “Through unrestricted funding, we support innovative programs that broaden access to affordable housing, assist first-time homebuyers, and strengthen financial literacy. Together, we empower individuals and families to achieve safe, stable, and affordable housing, fostering long-term success. These principles are at the heart of our vision as a community bank."
Avesta Housing is the largest nonprofit affordable housing provider in northern New England. Founded in 1972, Avesta’s mission is to improve lives and strengthen communities by promoting and providing quality affordable homes for people in need.
“We are incredibly grateful to Camden National Bank for its support and shared vision to provide safe, stable, affordable homes for people in Maine and New Hampshire,” said Sara Olson, vice president of advancement of Avesta Housing. “This generous gift will ensure that our residents and other community members benefit from the engagement and support they need to achieve housing stability and success.”
Camden National Corporation (NASDAQ: CAC) is Northern New England's largest publicly traded bank holding company, with $7.0 billion in assets. Founded in 1875, Camden National Bank has 73 branches in Maine and New Hampshire, is a full-service community bank offering the latest digital banking, complemented by award-winning, personalized service.* Member FDIC. Equal Housing Lender.
Comprehensive wealth management, investment, and financial planning services are delivered by Camden National Wealth Management.
* Total assets and branch data reflect the completion on January 2, 2025, of Camden National Corporation's previously announced merger with Northway Financial, Inc.
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