Exhibit 99.1

          Camden National Corporation Extends Stock Repurchase Program

     CAMDEN, Maine--(BUSINESS WIRE)--June 27, 2006--Robert W. Daigle, President
and Chief Executive Officer of Camden National Corporation (AMEX: CAC; or the
"Company"), announced today that the Board of Directors of the Company has
renewed the Company's Common Stock Repurchase Program for an additional one-year
term. The renewal will allow for the repurchase of 750,000 shares of the
Company's outstanding common stock over the next year.
     The 2006 Common Stock Repurchase Program will expire on July 1, 2007. The
authority granted under the 2006 Common Stock Repurchase Program may be
exercised from time to time and in such amounts as market conditions warrant.
Any purchases are intended to make appropriate adjustments to the Company's
capital structure, including meeting share requirements related to employee
benefit plans and for general corporate purposes. Daigle explained, "The renewal
of the Repurchase Program allows the buyback of common shares at times when the
market may not value our stock appropriately."
     Since the inception of the Company's stock repurchase program in 2001, the
Company has repurchased 745,631 shares at an average price of $28.53. In
addition, on May 9, 2006, the Company concluded a modified "Dutch Auction"
tender offer whereby it repurchased an aggregate 880,827 shares of its common
stock at a purchase price of $39.00 per share.

     Camden National Corporation, headquartered in Camden, Maine, and listed on
the American Stock Exchange, the Russell 3000(R) Index and the small-cap Russell
2000(R) Index 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.
     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