Exhibit 99.1

         Camden National Corporation Announces Second Quarter Dividend


     CAMDEN, Maine--(BUSINESS WIRE)--June 27, 2006--Robert W. Daigle, President
and Chief Executive Officer of Camden National Corporation (Amex: CAC; the
"Company"), announced that the Board of Directors of the Company declared a
$0.22 per share dividend payable on July 31, 2006 for shareholders of record on
July 17, 2006.
     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.


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