Exhibit 99.1

Camden National Corporation Announces Quarterly Dividend

CAMDEN, Maine--(BUSINESS WIRE)--December 30, 2008--Robert W. Daigle, president and chief executive officer of Camden National Corporation (NASDAQ^®: CAC; the “Company”), announced today that the Board of Directors of the Company declared a $0.25 per share dividend payable on January 30, 2009 for shareholders of record on January 15, 2009.

On November 20, 2008, the Company announced that it would not participate in the U.S. Treasury capital purchase program, the Troubled Assets Relief Program (“TARP”), as it was “well capitalized” on September 30, 2008.

About Camden National Corporation

Camden National Corporation, ranked in the top 20 in USBanker's 2008 list of top-performing mid-tier banks, headquartered in Camden, Maine, and listed on the NASDAQ^® Global Select Market (“NASDAQ”) under the symbol CAC, is the holding company employing 440 Maine residents for two financial services companies including Camden National Bank (CNB), a full-service community bank with a network of 37 banking offices serving coastal, western, central, and eastern Maine, and Acadia Trust, N.A., offering investment management and fiduciary services with offices in Portland, Bangor, and Ellsworth. Acadia Financial Consultants is a division of CNB, offering full-service brokerage services.

Forward-Looking Statements

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.

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