Exhibit 99.1

         Camden National Corporation Announces Second Quarter Dividend

     CAMDEN, Maine--(BUSINESS WIRE)--June 29, 2004--Robert W. Daigle, President
and Chief Executive Officer of Camden National Corporation (the "Company")
(Amex: CAC), announced that the Board of Directors of the Company declared a
$0.20 per share dividend payable on July 30, 2004 for shareholders of record on
July 15, 2004.

     Camden National Corporation, headquartered in Camden, Maine, and listed on
the American Stock Exchange under the symbol CAC, is the holding company for a
family of three financial services companies, including: Camden National Bank
(CNB), a full-service community bank with 12 banking offices serving Midcoast,
Kennebunk and Portland, Maine, and online at www.camdennational.com, and
recipient of the Governor's Award for Business Excellence in 2002;
UnitedKingfield Bank (UKB), a full-service community bank with 15 offices
serving central, eastern and western Maine and online at
www.unitedkingfield.com; and Acadia Trust, N.A., offering investment management
and fiduciary services with offices in Portland and Bangor, Maine and online at
www.acadiatrust.com. In addition, Acadia Financial Consultants operates as a
division of CNB and UKB, to offer full-service brokerage services.

     CONTACT: Camden National Corporation
              Suzanne Brightbill, 207-230-2120
              sbrightbill@camdennational.com