8-K

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 OR 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): June 15, 2011

Camden National Corporation

(Exact name of registrant as specified in its charter)

Maine	01-28190	01-0413282
(State or other jurisdiction of incorporation)	(Commission File Number)	(IRS Employer Identification No.)

Two Elm Street, Camden, Maine	04843
(Address of principal executive offices)	(Zip Code)

Registrant’s telephone number, including area code: (207) 236-8821

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Item 5.02       Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers

The Board of Directors of the Company announced that Craig Gunderson has been elected to serve as a member of the Board of Directors effective June 15, 2011.

Mr. Gunderson has over 21 years of experience in the telecommunications industry. He currently serves as president and chief executive officer of Oxford Networks in Lewiston. Prior to joining Oxford Networks in 2003, Gunderson was employed as Minnesota State Vice President for Frontier/Citizens Communications, where he was responsible for all facets of providing telecommunications services to 280,000 access lines in Minnesota and North Dakota. Mr. Gunderson will bring a combination of business experience and community involvement to the Board.

There are no understandings or arrangements between Mr. Gunderson and any other person pursuant to which Mr. Gunderson was selected as a director of the Company.  Mr. Gunderson does not have any family relationship with any director or executive officer of the Company.

In connection with his service as a director, Mr. Gunderson will receive the Company’s standard non-employee director cash compensation. Specifically, Mr. Gunderson will receive the $7,500 annual cash retainer and $600 per attended meeting of the Board of Directors and, when he is appointed to committees, approximately $325 to $500 per attended meeting of a committee, depending upon the appointed committees on which he serves, as well as an annual cash payment if he serves as chair of any committee.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

Dated: June 15, 2011

CAMDEN NATIONAL CORPORATION
(Registrant)
By:	/s/ DEBORAH A. JORDAN
	Deborah A. Jordan
	Chief Financial Officer and Principal
	Financial & Accounting Officer

EX-99.1

Camden National Corporation Elects New Board Member

Craig Gunderson Elected to CNC Board

CAMDEN, Maine, June 15, 2011 /PRNewswire/ -- The board of directors of Camden National Corporation (NASDAQ: CAC) has announced that Craig Gunderson has been elected to serve as a member of the board of directors.

"I'm delighted to join the Board of Directors of Camden National Corporation and represent the shareholders of this great company," said Gunderson, who has over 21 years of experience in the telecommunications industry. He currently serves as president and chief executive officer of Oxford Networks in Lewiston. Prior to joining Oxford Networks in 2003, Gunderson was employed as Minnesota State Vice President for Frontier/Citizens Communications, where he was responsible for all facets of providing telecommunications services to 280,000 access lines in Minnesota and North Dakota.

"We are pleased that an individual with Craig's experience in leading a significant, Maine-based organization will be joining our Board of Directors," said Karen W. Stanley, chair of the board of directors. "Under his leadership, Oxford Networks has grown significantly while at the same time remaining committed to the state of Maine and its employees, and that commitment will be an asset to our organization."

Gunderson received a bachelor's degree in economics from Dickinson College in Pennsylvania and holds a master's degree in business administration from Georgia Southern University, with concentrations in finance and marketing. Gunderson is vice chair of the board of St Mary's Hospital in Lewiston, and is also currently a member of the board of the Lewiston Auburn Economic Growth Council. Gunderson lives in Falmouth with his wife Carolyn and has three grown daughters.

"We are excited to have Craig join the board of Camden National Corporation," said Gregory A. Dufour, president and chief executive officer of the Company. "Craig is an energetic leader who encompasses business experience and community involvement—qualities that are vital to our shareholders, customers, and communities."

Camden National Corporation, the parent company of Camden National Bank and Acadia Trust, N.A., is an independent, Maine-based community organization employing 425 Maine residents. As a publicly traded company on the NASDAQ under the ticker symbol "CAC," Camden National Corporation is governed by an 11 member board of directors, of which ten members are independent, including its chair, Karen W. Stanley.

Camden National Corporation (www.camdennational.com) is headquartered in Camden, Maine, and was ranked 12th in USBanker's list of top-performing mid-tier banks in 2010. Camden National Bank is a full-service community bank with a network of 38 banking offices throughout Maine. Acadia Trust offers investment management and fiduciary services with offices in Portland, Bangor and Ellsworth. Located at Camden National Bank, Camden Financial Consultants, formerly known as Acadia Financial Consultants, offers full-service brokerage and insurance services.

(Logo: http://photos.prnewswire.com/prnh/20110505/NE96304LOGO-b )

CONTACT: Megan Richardson, Marketing & Communications Specialist, Camden National Corporation, +1-207-230-2178, mrichardson@camdennational.com