AUGUSTA — Camden National Bank will open a branch on Western Avenue by late spring.

Gregory Dufour, bank president and chief executive officer, said in a news release Friday that the bank is expanding into Augusta because it has strong relationships with area businesses, government agencies and people, “which makes this a natural expansion of our franchise.”

Camden National Bank bought a building at 22 Western Ave. on Dec. 29.

Megan Richardson, marketing and communications specialist for Camden National Corporation, said the property will undergo significant renovations to the building on the southeast corner of Melville Street and Western Avenue, which has housed several banks.

The branch, which will be the 39th Camden National Bank location in Maine, will be a full-service bank, featuring a two-lane drive-up and a 24-hour ATM, she said.

June Parent, the bank’s executive vice president of retail banking, said the plan is to create a modern, full-service branch to serve individuals, businesses and government agencies.

Nancy Tracy, the bank’s vice president and retail regional manager for southern, western and central Maine, will oversee the Augusta branch.

Camden National was recently recognized by the Finance Authority of Maine as its Financial Institution of the Year.