In its Current Report on Form 8-K filed on April 26, 2017, the Company reported the results of voting at the 2017 Annual Meeting of Shareholders. The Shareholders approved, on an advisory basis, every one year as the frequency of an advisory vote on the compensation of the Company's named executive officers ("Say-on-Pay"). At its June 27, 2017 meeting, the Company's Board of Directors considered the outcome of the shareholder voting and determined that the Say-on-Pay vote will occur on an annual basis.

About Camden National Corporation (NASDAQ:CAC)

Camden National Corporation is a bank holding company. The Company is a diversified financial services provider. The primary business of the Company and its subsidiaries is to attract deposits from, and to extend loans to, consumer, institutional, municipal, non-profit and commercial customers. The Company offers commercial and consumer banking products and services through its subsidiary, Camden National Bank (the Bank), and brokerage and insurance services through Camden Financial Consultants (Camden Financial), a division of the Bank. The Company also offers investment management and fiduciary services through its subsidiary, Acadia Trust, N.A. (Acadia Trust), a federally-regulated, non-depository trust company headquartered in Portland, Maine. The Bank’s subsidiary, Healthcare Professional Funding Corporation (HPFC), provides specialized lending to dentists, optometrists and veterinarians across the United States.