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<P STYLE="font: 18pt/normal Times New Roman, Times, Serif; margin: 1.8pt 0 0; text-align: center"><B>UNITED STATES </B></P>

<P STYLE="font: 18pt/normal Times New Roman, Times, Serif; margin: 0; text-align: center"><B>SECURITIES AND EXCHANGE COMMISSION
</B></P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: center"><B>Washington, D.C. 20549 </B></P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

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<P STYLE="font: 18pt/normal Times New Roman, Times, Serif; margin: 0.1in 0 0; text-align: center"><B>FORM 8-K </B></P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

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<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0.1in 0 0; text-align: center"><B>CURRENT REPORT </B></P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: center"><B>Pursuant to Section&nbsp;13 OR 15(d)
of the Securities Exchange Act of 1934 </B></P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0.1in 0 0; text-align: center"><B>Date of Report (Date of earliest
event reported): January 31, 2012</B></P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

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<P STYLE="font: 24pt/normal Times New Roman, Times, Serif; margin: 0.1in 0 0; text-align: center"><B>Camden National Corporation
</B></P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: center"><B>(Exact name of registrant as specified
in its charter) </B></P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

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<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<TABLE ALIGN="CENTER" CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%">
<TR>
    <TD STYLE="vertical-align: top; border-bottom: windowtext 1pt solid; line-height: 115%; font-weight: bold; text-align: center; width: 33%"><B>Maine</B></TD>
    <TD STYLE="vertical-align: bottom; line-height: 115%; width: 1%">&nbsp;</TD>
    <TD STYLE="vertical-align: top; border-bottom: windowtext 1pt solid; line-height: 115%; font-weight: bold; text-align: center; width: 32%"><B>01-28190</B></TD>
    <TD STYLE="vertical-align: bottom; line-height: 115%; width: 1%">&nbsp;</TD>
    <TD STYLE="vertical-align: top; border-bottom: windowtext 1pt solid; line-height: 115%; font-weight: bold; text-align: center; width: 33%"><B>01-0413282</B></TD></TR>
<TR>
    <TD STYLE="vertical-align: top"><P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: center"><B>(State or other jurisdiction</B></P>
        <P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0.6pt; text-align: center"><B>of incorporation)</B></P></TD>
    <TD STYLE="vertical-align: bottom; line-height: 115%">&nbsp;</TD>
    <TD STYLE="vertical-align: top; line-height: 115%; font-weight: bold; text-align: center"><B>(Commission File Number)</B></TD>
    <TD STYLE="vertical-align: bottom; line-height: 115%">&nbsp;</TD>
    <TD STYLE="vertical-align: top"><P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: center"><B>(IRS Employer</B></P>
        <P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0.6pt; text-align: center"><B>Identification No.)</B></P></TD></TR>
</TABLE>
<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<TABLE ALIGN="CENTER" CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%">
<TR>
    <TD STYLE="width: 49%; line-height: 115%">&nbsp;</TD>
    <TD STYLE="width: 2%; vertical-align: bottom; line-height: 115%">&nbsp;</TD>
    <TD STYLE="width: 49%; line-height: 115%">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: top; border-bottom: windowtext 1pt solid; font-weight: bold; text-align: center"><B>Two Elm Street,
    Camden, Maine</B></TD>
    <TD STYLE="vertical-align: bottom; line-height: 115%">&nbsp;</TD>
    <TD STYLE="vertical-align: top; border-bottom: windowtext 1pt solid; line-height: 115%; font-weight: bold; text-align: center"><B>04843</B></TD></TR>
<TR>
    <TD STYLE="vertical-align: top; line-height: 115%; font-weight: bold; text-align: center"><B>(Address of principal executive
    offices)</B></TD>
    <TD STYLE="vertical-align: bottom; line-height: 115%">&nbsp;</TD>
    <TD STYLE="vertical-align: top; line-height: 115%; font-weight: bold; text-align: center"><B>(Zip Code)</B></TD></TR>
</TABLE>
<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0.1in 0 0; text-align: center"><B>Registrant&rsquo;s telephone
number, including area code: (207)&nbsp;236-8821 </B></P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

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<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0.1in 0 0">Check the appropriate box below if the Form 8-K
filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 4%; line-height: 115%"><FONT STYLE="font-family: Wingdings 2">&#163;</FONT></TD>
    <TD STYLE="line-height: 115%">Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)</TD></TR>
</TABLE>
<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

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<TR STYLE="vertical-align: top">
    <TD STYLE="width: 4%; line-height: 115%"><FONT STYLE="font-family: Wingdings 2">&#163;</FONT></TD>
    <TD STYLE="line-height: 115%">Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)</TD></TR>
</TABLE>
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<TR STYLE="vertical-align: top">
    <TD STYLE="width: 4%; line-height: 115%"><FONT STYLE="font-family: Wingdings 2">&#163;</FONT></TD>
    <TD STYLE="line-height: 115%">Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))</TD></TR>
</TABLE>
<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 4%; line-height: 115%"><FONT STYLE="font-family: Wingdings 2">&#163;</FONT></TD>
    <TD STYLE="line-height: 115%">Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))</TD></TR>
</TABLE>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

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<P STYLE="font: 10pt/115% Times New Roman, Times, Serif; margin: 0 0 10pt">&nbsp;</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0"><B>Item&nbsp;5.03</B>&#9;<B>Amendments to Articles of Incorporation
or Bylaws; Change in Fiscal Year. </B><BR>
</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0.05in 0 0; text-indent: 24.5pt">The Board of Directors of
Camden National Corporation (the &ldquo;Company&rdquo;) approved an amendment and restatement of the Bylaws of the Company on
January 31, 2012. The Company&rsquo;s Amended and Restated Bylaws will become effective immediately. A summary of what we believe
are the most substantive amendments to the Bylaws is set forth below:</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0.05in 0 0; text-indent: 24.5pt">&nbsp;</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0.05in 0 0; text-indent: 24.5pt"><I>Special Meetings:</I> Article
III, Section 3.6 of the Company&rsquo;s Bylaws now provides that each member of the Board be given at least two (2) days prior
notice of each such special meeting, stating the date, time and place of the meeting, by telephone, letter, facsimile, electronic
mail, or in person.</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0.05in 0 0; text-indent: 24.5pt">&nbsp;</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0.05in 0 0; text-indent: 24.5pt">Our prior Bylaws provided
that each member of the Board shall be given at least two (2) days notice by telephone, letter, facsimile or in person, stating
the date, time and place for the special meeting.</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0.05in 0 0; text-indent: 24.5pt">&nbsp;</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0.05in 0 0; text-indent: 24.5pt"><I>Telephonic Meetings Permitted:
</I>Article III, Section 3.7 of the Company&rsquo;s Bylaws now provides Members of the Board, or of any committee designated by
the Board, may participate in a meeting thereof by means of conference telephone or other communications equipment by means of
which all persons participating in the meeting can hear each other, and participating in a meeting pursuant to this Bylaw shall
constitute presence in person at such meeting.</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0.05in 0 0; text-indent: 24.5pt">&nbsp;</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0.05in 0 0; text-indent: 24.5pt">Our prior Bylaws did not expressly
address telephonic meetings.</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0.05in 0 0; text-indent: 24.5pt">&nbsp;</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0.05in 0 0; text-indent: 24.5pt"><I>Action by Unanimous Consent
of Directors:</I> Article III, Section 3.9 of the Company&rsquo;s Bylaws now provides that unless otherwise restricted by the
Articles of Incorporation or these Bylaws, any action required or permitted to be taken at any meeting of the Board, or of any
committee thereof, may be taken without a meeting if all members of the Board or such committee, as the case may be, consent thereto
in writing or by electronic transmission and the writing or writings or electronic transmissions are filed with the minutes of
the proceedings of the Board or committee in accordance with applicable law.</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0.05in 0 0; text-indent: 24.5pt">&nbsp;</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0.05in 0 0; text-indent: 24.5pt">Our prior Bylaws did not expressly
address Action by Unanimous Consent of Directors.</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0.05in 0 0; text-indent: 24.5pt">&nbsp;</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0.05in 0 0; text-indent: 24.5pt"><I>Corporate Governance and
Risk Committee:</I> Article IV, Section 4.2 of the Company&rsquo;s Bylaws now provides there shall be a Corporate Governance and
Risk Committee composed of not less than three (3) Directors and for which the Chairperson of the Board shall serve as the Chair.
The Governance Committee shall be responsible for making recommendations to the Board for (a) nomination of Directors and Officers
and for establishment of criteria for the selection of all such nominees, (b) establishment of the tenure and retirement policy
for Directors, (c) review of the effectiveness of the Board, (d) selection of committee chairs, (e) oversight of the Company&rsquo;s
risk management program, (f) recommendation of amendments to the Articles of Incorporation or these Bylaws, and such other duties
assigned to it by the Board of Directors.</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0.05in 0 0; text-indent: 24.5pt">&nbsp;</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0.05in 0 0; text-indent: 24.5pt">This change modified the formal
name of the Committee to include Risk and expanded the responsibilities of the Committee to include oversight of the Company&rsquo;s
Risk Management Program.</P>

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<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0.05in 0 0; text-indent: 24.5pt">&nbsp;</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0.05in 0 0; text-indent: 24.5pt"><I>Technology Committee:</I>
Article IV, Section 4.6 of the Company&rsquo;s Bylaws now provides that there shall be a Technology Committee composed of not
less than three (3) Directors appointed by the Board annually or more often, whose duty it shall be to review and advise the Board
on matters pertaining to the Technology Strategy of the Corporation including, but not necessarily limited to, meeting current
strategic needs, and anticipating future requirements that are necessary as a result of organizational growth and technology innovation.</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0.05in 0 0; text-indent: 24.5pt">&nbsp;</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0.05in 0 0; text-indent: 24.5pt">Our prior Bylaws did not expressly
address a Technology Committee.</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: center"><B>SIGNATURES </B></P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0.1in 0 0; text-indent: 24.5pt">Pursuant to the requirements
of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned
hereunto duly authorized.</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0.1in 0 0; text-indent: 24.5pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 6pt; margin-left: 0; text-indent: 0; text-align: justify">&nbsp;</p><P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; text-indent: 0; margin-top: 0pt; margin-bottom: 6pt">&nbsp;</P>

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<TR>
    <TD STYLE="vertical-align: top">&nbsp;</TD>
    <TD COLSPAN="2"><P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">CAMDEN NATIONAL CORPORATION <br>(Registrant)</p></TD></TR>
<TR>
    <TD STYLE="vertical-align: top">&nbsp;Dated: February 03, 2012</TD>
    <TD COLSPAN="2">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: top; width: 50%">&nbsp;</TD>
    <TD STYLE="width: 4%">By:&nbsp;</TD>
    <TD STYLE="vertical-align: top; width: 46%">/s/ DEBORAH A. JORDAN</TD></TR>
<TR>
    <TD STYLE="vertical-align: top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="vertical-align: top; border-top: #000000 1px solid"><P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">Deborah A. Jordan<BR>

Chief Financial Officer and Principal<BR>

Financial &amp; Accounting Officer</P></TD></TR>
</TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; text-indent: 0pt; margin-top: 0pt; margin-bottom: 6pt">&nbsp;</P>

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<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0.1in 0 0"></P>

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<P STYLE="margin: 0"></P>

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{"company-data": {"conformed-name": "CAMDEN NATIONAL CORP", "cik": "0000750686", "assigned-sic": "6021", "irs-number": "010413282", "state-of-incorporation": "ME", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "001-13227", "film-number": "12570045"}, "business-address": {"street1": "TWO ELM ST", "city": "CAMDEN", "state": "ME", "zip": "04843", "phone": "2072368821"}, "mail-address": {"street1": "2 ELM ST", "city": "CAMDEN", "state": "ME", "zip": "04843"}}
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 OR 15(d)
of the Securities Exchange Act of 1934
Date of Report (Date of earliest
event reported): January 31, 2012
Camden National Corporation
(Exact name of registrant as specified
in its charter)
Maine
01-28190
01-0413282
(State or other jurisdiction
of incorporation)
(Commission File Number)
(IRS Employer
Identification No.)
Two Elm Street,
    Camden, Maine
04843
(Address of principal executive
    offices)
(Zip Code)
Registrant's telephone
number, including area code: (207) 236-8821
Check the appropriate box below if the Form 8-K
filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
£
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
£
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
£
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
£
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Item 5.03
Amendments to Articles of Incorporation
or Bylaws; Change in Fiscal Year.
The Board of Directors of
Camden National Corporation (the "Company") approved an amendment and restatement of the Bylaws of the Company on
January 31, 2012. The Company's Amended and Restated Bylaws will become effective immediately. A summary of what we believe
are the most substantive amendments to the Bylaws is set forth below:
Special Meetings:
Article
III, Section 3.6 of the Company's Bylaws now provides that each member of the Board be given at least two (2) days prior
notice of each such special meeting, stating the date, time and place of the meeting, by telephone, letter, facsimile, electronic
mail, or in person.
Our prior Bylaws provided
that each member of the Board shall be given at least two (2) days notice by telephone, letter, facsimile or in person, stating
the date, time and place for the special meeting.
Telephonic Meetings Permitted:
Article III, Section 3.7 of the Company's Bylaws now provides Members of the Board, or of any committee designated by
the Board, may participate in a meeting thereof by means of conference telephone or other communications equipment by means of
which all persons participating in the meeting can hear each other, and participating in a meeting pursuant to this Bylaw shall
constitute presence in person at such meeting.
Our prior Bylaws did not expressly
address telephonic meetings.
Action by Unanimous Consent
of Directors:
Article III, Section 3.9 of the Company's Bylaws now provides that unless otherwise restricted by the
Articles of Incorporation or these Bylaws, any action required or permitted to be taken at any meeting of the Board, or of any
committee thereof, may be taken without a meeting if all members of the Board or such committee, as the case may be, consent thereto
in writing or by electronic transmission and the writing or writings or electronic transmissions are filed with the minutes of
the proceedings of the Board or committee in accordance with applicable law.
Our prior Bylaws did not expressly
address Action by Unanimous Consent of Directors.
Corporate Governance and
Risk Committee:
Article IV, Section 4.2 of the Company's Bylaws now provides there shall be a Corporate Governance and
Risk Committee composed of not less than three (3) Directors and for which the Chairperson of the Board shall serve as the Chair.
The Governance Committee shall be responsible for making recommendations to the Board for (a) nomination of Directors and Officers
and for establishment of criteria for the selection of all such nominees, (b) establishment of the tenure and retirement policy
for Directors, (c) review of the effectiveness of the Board, (d) selection of committee chairs, (e) oversight of the Company's
risk management program, (f) recommendation of amendments to the Articles of Incorporation or these Bylaws, and such other duties
assigned to it by the Board of Directors.
This change modified the formal
name of the Committee to include Risk and expanded the responsibilities of the Committee to include oversight of the Company's
Risk Management Program.
Technology Committee:
Article IV, Section 4.6 of the Company's Bylaws now provides that there shall be a Technology Committee composed of not
less than three (3) Directors appointed by the Board annually or more often, whose duty it shall be to review and advise the Board
on matters pertaining to the Technology Strategy of the Corporation including, but not necessarily limited to, meeting current
strategic needs, and anticipating future requirements that are necessary as a result of organizational growth and technology innovation.
Our prior Bylaws did not expressly
address a Technology Committee.
SIGNATURES
Pursuant to the requirements
of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned
hereunto duly authorized.
CAMDEN NATIONAL CORPORATION
(Registrant)
Dated: February 03, 2012
By:
/s/ DEBORAH A. JORDAN
Deborah A. Jordan
Chief Financial Officer and Principal
Financial & Accounting Officer