Camden National Bank’s wealth management subsidiary, Acadia Trust, is merging with the bank and will be renamed Camden National Wealth Management, the bank said Tuesday.

The merger will allow the bank to offer a wider range of products and services to both its wealth management and banking customers, Camden National executives said in a news release. Mary Beth Haut, who joined Acadia Trust in April, will become managing director and executive of Camden National Wealth Management Group.

“Since joining us in April, Mary Beth has taken the time to learn about Acadia and Camden National Bank, strategically review the strengths of both organizations, and assess our current and future client needs,” Camden National President and CEO Gregory Dufour said in the release. “We concluded that by making Acadia part of Camden National Bank, we’ll be able to leverage the technology, capital and resources of both companies to better serve our clients.”

In addition to her duties as managing director and wealth management group executive, Haut will join the executive committee of Camden National Bank. The merger, subject to regulatory approval, will be effective sometime during the fourth quarter of this year.

Camden National parent company Camden National Corp. is the largest publicly traded bank holding company in northern New England with $3.9 billion in assets, over 650 employees, 63 banking centers and 85 ATMs in Maine.

Only subscribers are eligible to post comments. Please subscribe or to participate in the conversation. Here’s why.

Use the form below to reset your password. When you've submitted your account email, we will send an email with a reset code.