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): January 12, 2006



                           CAMDEN NATIONAL CORPORATION
               (Exact name of Registrant as specified in charter)




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




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


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




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 (see General Instruction A.2. below):


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

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

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

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



Item 7.01 - Regulation FD Disclosure

Camden National Corporation announces its plan to combine the Company's two
banking subsidiaries.



Item 9.01 - Financial Statements and Exhibits


          (c)  Exhibits.

               99.1   Press release announcing the plan to combine the Company's
                      two banking subsidiaries












                                   SIGNATURES

     Pursuant to the requirements of the Securities Exchange Act of 1934, as
amended, the Company has duly caused this report to be filed on its behalf by
the undersigned thereunto duly authorized.

            CAMDEN NATIONAL CORPORATION



            By: /s/ Sean G. Daly                          Date: January 12, 2006
                -------------------------------------
                Sean G. Daly
                Chief Financial Officer and Principal
                Financial & Accounting Officer

EX-99.1

Exhibit 99.1


              Camden National Corporation Announces Plan to Combine
            Banking Subsidiaries Under the Camden National Bank Name


     CAMDEN, Maine--(BUSINESS WIRE)--Jan. 12, 2006--Robert W. Daigle, President
and Chief Executive Officer of Camden National Corporation (AMEX: CAC; the
"Company"), announced today that, subject to required regulatory approval, it
will combine the Company's two banking subsidiaries. "Camden National Bank and
UnitedKingfield Bank will join together under the Camden National Bank name to
better serve customers in all of our markets," stated Daigle.
     Daigle explained that combining the two banks would allow the organization
to redirect resources from administrative efforts to areas that will improve the
Customer Experience. "Management and our Board of Directors, who are also local
community leaders, carefully considered all aspects of the impact of combining
these two institutions," Daigle stated. "In the final analysis, we had to decide
whether we should direct resources to support multiple brands, management
structures, and regulatory reporting requirements, or allocate those resources
to provide better service for our customers. We decided customer service should
prevail."
     "To remain an independent Maine-based company in today's rapidly changing
banking environment, as we have for more than 130 years, it is imperative to
efficiently support our strategic growth objectives, while at the same time
deepen our ties to our customers and the communities we serve," Daigle
commented.
     The Company indicated that there would be no job losses or branch closings
at the two banks and personnel in the branches and lending staffs would remain
the same. "UnitedKingfield Bank has been part of the Camden National family
since the acquisition of United Bank in 1995 and Kingfield Savings Bank in 1999.
And so in many respects this is only a name change, as the employees who serve
our customers daily will remain the same," Daigle explained.
     While Daigle will continue in his role as President and CEO of Camden
National Corporation, Gregory Dufour will become President and CEO of Camden
National Bank. Jeffrey Smith will become Executive Vice President and Chief
Operating Officer of the Bank and will also be responsible for managing the
transition process. Dufour is currently President and Chief Operating Officer of
Camden National Bank while Smith is his counterpart at UnitedKingfield Bank. The
Bank's management team will also include Tim Nightingale, Senior Vice President
and Senior Loan Officer; June Parent, Senior Vice President overseeing Retail
Distribution; and James Ritter, Senior Vice President overseeing Strategic
Development and Marketing. Jack Williams, Senior Vice President and Senior
Regional Manager - Midcoast, will lead Community Relations. Claude Carbonneau,
Senior Vice President, will lead the Bank's newly created commercial deposit
strategic initiative.
     "Jeff and the UnitedKingfield team have established themselves as banking
and community leaders in their markets, which aligns nicely with their Camden
National Bank colleagues who have done the same in their markets," Dufour said.
"Customers of both UnitedKingfield Bank and Camden National Bank will benefit
from this transition through an extended branch and ATM network as well as
through additional product offerings."
     "The foundation for our decision to join UnitedKingfield Bank with Camden
National Bank was simply the Customer Experience," Smith noted. "The commitment
to customer service, local decision making, and community involvement is
identical at both institutions which will make this change virtually seamless,"
Smith said. "Our goal is simple. Once the transition to one bank is complete,
you'll see the same employees, giving great customer service while delivering
The Camden National Bank Experience."
     Camden National Corporation traces its roots to the founding of Camden
National Bank in 1875. In 1995 Camden National Corporation acquired United Bank
in Bangor, Maine. Kingfield Savings Bank was acquired in late 1999 and in 2000
was joined to create UnitedKingfield Bank. Once the transition to the Camden
National Bank name is complete, the Bank will consist of 27 branches and 28
ATMs. The transition to one bank is expected to be completed in the second half
of 2006; one-time expenses of less than $500,000 are expected to be incurred in
2006 and the transition will be accretive to earnings in 2007.
     Camden National Corporation, headquartered in Camden, Maine, and listed on
the American Stock Exchange, the Russell 3000(R) and the Russell 2000(R) 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 Mid-coast, Kennebunk and Portland Maine, 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; Acadia Trust, N.A., offering
investment management and fiduciary services with offices in Portland and
Bangor. Acadia Financial Consultants is a division of CNB and UKB, offering
full-service brokerage services.

     This press release and the documents incorporated by reference herein
contain certain statements that may be considered forward-looking statements
under the Private Securities Litigation Reform Act of 1995. Forward-looking
statements can be identified by the use of the words "believe," "expect,"
"anticipate," "intend," "estimate," "assume," "will," "should," and other
expressions which predict or indicate future events or trends and which do not
relate to historical matters. Forward-looking statements should not be relied
on, because they involve known and unknown risks, uncertainties and other
factors, some of which are beyond the control of the Company. These risks,
uncertainties and other factors may cause the actual results, performance or
achievements of the Company to be materially different from the anticipated
future results, performance or achievements expressed or implied by the
forward-looking statements. Some of the factors that might cause these
differences include the following: changes in general, national or regional
economic conditions; changes in loan default and charge-off rates; reductions in
deposit levels necessitating increased borrowing to fund loans and investments;
changes in interest rates; changes in laws and regulations; changes in the size
and nature of the Company's competition; and changes in the assumptions used in
making such forward-looking statements. Other factors could also cause these
differences. For more information about these factors please see our Annual
Report on Form 10K on file with the SEC. All of these factors should be
carefully reviewed, and readers should not place undue reliance on these
forward-looking statements. These forward-looking statements were based on
information, plans and estimates at the date of this press release, and the
Company does not promise to update any forward-looking statements to reflect
changes in underlying assumptions or factors, new information, future events or
other changes.


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