Russell indexes list Camden National

CAMDEN – Camden National Corp. was listed on the Small-Cap Russell 2000 Index and the Russell 3000 Index when the reconstitution of these indexes was published on June 30 by Russell Investment Group. Russell rebalances the Russell family of indexes annually to maintain indexes that are representative of the U.S. equity market.

“Being listed as a member of the Small-Cap Russell 2000 Index and the Russell 3000 Index is another of the more recent recognitions that Camden National Corporation has received for its financial performance,” said Camden National President and Chief Executive Officer Robert W. Daigle. “We believe our strong focus on the fundamentals of banking, in particular, maintaining solid reserve and capital levels, adhering to our traditional underwriting standards, and maintaining our pricing discipline, will provide the best long-term investment value to our shareholders.”

Annual reconstitution of the Russell’s U.S. indexes captures the 4,000 largest U.S. stocks as of the end of May, ranking them by total market capitalization. Membership in the Russell 3000, which remains in place for one year, means automatic inclusion in the Small-Cap Russell 2000 Index or the Large-Cap Russell 1000 Index as well as the appropriate growth and style indexes.