Exhibit 99.1

           Camden National Corporation Combines Banking Subsidiaries

    CAMDEN, Maine--(BUSINESS WIRE)--Oct. 2, 2006--Robert W. Daigle,
President and Chief Executive Officer of Camden National Corporation
(AMEX: CAC; the "Company"), announced today that, following full
regulatory approval to move forward, the Company has completed the
joining of its two banking subsidiaries, Camden National Bank and
UnitedKingfield Bank, under the Camden National Bank name.

    On January 12, 2006, Camden National Corporation announced its
plan to combine its two banking subsidiaries as part of an effort to
streamline its regulatory process and enhance customer service.
"UnitedKingfield Bank has been part of the Camden National family
since the acquisition of United Bank in 1995 and Kingfield Savings
Bank in 1999," Daigle said, "which has given us the time to create a
strong culture throughout our Company as well as define ourselves in
each of our communities."

    "We are pleased that we were able to gain regulatory approval
early in the process," noted Gregory A. Dufour, President and Chief
Executive Officer of Camden National Bank, "which allowed us to focus
on the many different project tasks that culminated in the official
combination of the two banks effective September 30, 2006."

    Dufour also stated, "Our commitment that there would be no job
losses or branch closings at the two banks, and that personnel in the
branches and lending staffs would remain the same has been fulfilled.
Customers in our 27 branches will continue to see the same employees
giving great service in the form of The Camden National Bank
Experience."

    "In today's rapidly changing banking environment, remaining an
independent Maine-based company, as we have for more than 130 years,
requires that we efficiently support our strategic growth objectives,
while at the same time deepening ties to our customers and the
communities we serve," concluded Daigle.

    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 with United Bank to
create UnitedKingfield Bank.

    Camden National Corporation, a 2006 Best Places to Work in Maine
company 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 two financial
services companies, including: Camden National Bank (CNB), a
full-service community bank with 27 banking offices serving coastal,
western, central and eastern Maine, and recipient of the Governor's
Award for Business Excellence in 2002, and Acadia Trust, N.A.,
offering investment management and fiduciary services with offices in
Portland and Bangor. Acadia Financial Consultants is a division of
CNB, 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