Camden National (CAC) Appoints Rebecca Hatfield to its Board

Camden National Corporation (Nasdaq: CAC), parent company of Camden National Bank, today announced the appointment of Rebecca Hatfield as a director, effective December 31, 2022. She has also been appointed to the board's Capital Committee and Camden National Bank's Board of Directors.

"We are extremely pleased to welcome Rebecca as a new independent director to our board," said Larry Sterrs, chair of Camden National Corporation's Board of Directors. "Rebecca's deep knowledge of risk management, including underwriting and portfolio management will bring invaluable perspective which will enrich and strengthen the board. Her professional experience leading Avesta Housing will provide additional insight into the needs of the customers and communities the Bank serves."

As president and chief executive officer of Avesta Housing, Hatfield oversees over 100 properties located in Maine and New Hampshire. Avesta Housing provides safe, affordable homes and support services for 5,000 people. Prior to joining Avesta, Hatfield was a senior vice president at Citigroup, working in various roles within the private, commercial and corporate banks. In addition to her nonprofit leadership, real estate development, and property management experience, she has over 15 years of experience in finance, with a focus on deal structuring, underwriting, risk analysis, portfolio management, and relationship management. Hatfield's previous employment also includes five years as a software and network management engineer, serving as project manager and lead developer.

"Rebecca is highly respected, both in our local business community and across the broad array of industries she has served," said Greg Dufour, president and chief executive officer of Camden National Corporation. "Rebecca's experience will help advance and expand our corporate strategy while enhancing shareholder value. We look forward to her contributions."

Hatfield, 44, was named a 2021 Mainebiz Women to Watch and is actively involved in the community beyond her role at Avesta. She currently serves on the board of Genesis Community Loan Fund and Gulf of Maine Research Institute. She earned her master's degree in business administration from the UCLA Anderson School of Management and her Bachelor of Science degree in computer and information science from the University of Maryland U.C.

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