Mainebiz

V O L . X X I N O. X V I I A U G U S T 1 0 , 2 0 1 5 12 B U S I N E S S M A I N E B U S I N E S S M A I N E B U S I N E S S N E W S F RO M A RO U N D T H E S TAT E 1,100-panel solar farm eyed for Rockland ReVision Energy is expressing interest in installing a solar farm in Rockland with up to 1,100 solar panels that could produce more than 400,000 kilowatt hours of electricity annually for up to nine shareholders. e company, which has offi ces in Liberty and Portland, will be giving a presentation about commu- nity solar farms at the Rockland Public Library on Aug. 11 starting at 6:30 p.m. e Bangor Daily News reported that the system, if built, would be the largest community solar farm in the state. e proposed location is in an industrial zone, the newspaper reported. e solar farm would be member-owned. If suf- fi cient shareholders commit to the proj- ect, construction of the solar farm could begin as early as this fall, the newspaper reported. LincolnHealth considers $13M family care center LincolnHealth has hired consultants to study the feasibility of building a For over 60 years, AAA Energy Service has designed, built and serviced heating, cooling and refrigeration systems that t the need. Guaranteed. To learn more call 207.883.1473 or email info@aaaenergy.com Choosing the right HVAC system and company is critical. ♦Heating ♦Air Conditioning ♦Controls ♦Refrigeration ♦Maintenance www.aaaenergy.com Built-in savings Camden National's $135M acquisition of Bank of Maine approved The parent company of Camden National Bank said on July 27 that it has received shareholder and regulatory approvals to buy The Bank of Maine in a deal valued at roughly $135 million. The merger, which is set to close Oct. 16, will make the combined opera- tion the largest bank headquartered in Maine, with approximately $3.6 billion in total assets, $2.4 billion in total loans and $2.6 billion in total deposits, Camden National Corp. (NASDAQ: CAC) said in its announcement. That volume of deposits will give it a 10.6% market share in Maine, right behind TD Bank and KeyBank, according to a fi ling with the U.S. Securities and Exchange Commission. Shareholders for Camden National and The Bank of Maine approved the merger by a large margin on July 22, according to another SEC fi ling. The combined operation will operate under the Camden National name and the leadership of Gregory A. Dufour, Camden National's president and CEO. "Obtaining all required regulatory and shareholder approvals are major mile- stones towards completion of the merger," Dufour said in a statement. "The overwhelming vote for the merger by each company's investors demonstrates the confi dence and belief that as a combined organization the companies are even stronger." Under the merger, the combined operation will have 64 branches, giving Camden National a stronger presence in southern Maine and an addition of stable, low-cost deposits to increase its market share, according to a presenta- tion to shareholders fi led with the SEC. Four branches in central and southern Maine are being closed because of market overlap between the two banks. As part of the purchase, Camden National said it will convert 80% of Bank of Maine's common shares into Camden National common stock and the remain- ing 20% into cash. Bank of Maine shareholders will receive 5.421 shares of Camden National common stock or $206 in cash for each Bank of Maine share of common stock. — D Y L A N M A R T I N P H O T O / T I M G R E E N WAY Gregory A. Dufour, president and CEO of Camden National Bank, in a 2012 fi le photo. " " WGTECH provides advanced IT solutions that help you grow your business. From networking, to data management, security, and managed suppor t, WGTECH delivers industry-leading solutions tailored for you. Call us today for technology solutions that work for you. Colors Pantone 2747 Pantone 1807 www.wgtech.com 207.856.5300 "We call in WGTECH for high-level IT support issues—they can take care of any issue. WGTECH has become a very good partner for us. They come up with ideas to help us grow." Stacy Shaw MMG Insurance, Presque Isle Colors Pantone 2747 Pantone 1807 Sometimes You Need a Strong Partner www.WGTECH.com 207.856.5300 Networking Security IT Consulting n n n Managed Services Cloud/Virtualization Data Management n n n At WGTECH, we find the right technologies, integrate them with your business, and keep them running. We help you get the most out of your IT budget, and scale for growth. And, yeah, when you need some heavy lifting, we're there for you. M I D C O A S T & D O W N E A S T

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