January 25, 2010 (FinancialWire) — Camden National Corp. (NASDAQ: CAC) said it has filed a universal shelf registration statement on form S-3 with the Securities and Exchange Commission to allow the company a three-year option to offer and sell, in one or more public offerings, up to an aggregate of $100 million worth of common stock, debt securities, or warrants, either separately or together.

In the registration statement, the company stated that it plans to use the net proceeds from any sale of securities for general corporate purposes. These may include, among other purposes, contribution to the capital of its Camden National Bank unit to support lending and investing activities; the repayment of debt; the repurchase of outstanding shares of common stock; potential acquisitions of other institutions, branches or lines of business; or other investments in activities as permitted for bank holding companies.

Maine-based Camden National is the holding company for two financial services companies including Camden National Bank along with its division Union Trust, and the wealth management company, Acadia Trust, N.A.

Camden National Bank operates 37 banking offices serving coastal, western, central, and eastern Maine. Acadia Trust offers investment management and fiduciary services with offices in Portland, Bangor, and Ellsworth.

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