Attached files
| file | filename |
|---|---|
| 10-K - CAMDEN NATIONAL CORP | v176922_10k.htm |
| EX-21 - CAMDEN NATIONAL CORP | v176922_ex21.htm |
| EX-23 - CAMDEN NATIONAL CORP | v176922_ex23.htm |
| EX-32.1 - CAMDEN NATIONAL CORP | v176922_ex32-1.htm |
| EX-32.2 - CAMDEN NATIONAL CORP | v176922_ex32-2.htm |
| EX-31.1 - CAMDEN NATIONAL CORP | v176922_ex31-1.htm |
| EX-31.2 - CAMDEN NATIONAL CORP | v176922_ex31-2.htm |
| EX-10.19 - CAMDEN NATIONAL CORP | v176922_ex10-19.htm |
Exhibit #18.1 Letter re
change in accounting principles
March 12,
2010
Camden
National Corporation
P.O. Box
310
Camden ME
04843
Ladies
and Gentlemen:
During
2009, the Company changed the date as of which it evaluated goodwill of its
Acadia Trust, N.A. reporting unit for impairment. In previous years,
management conducted its evaluation as of June 30. After performing
the evaluation as of June 30, 2009, management decided to change the evaluation
date to November 30 of each year, and performed an evaluation as of November 30,
2009. We understand the reason for the change is that November 30 is
the date as of which management evaluates the goodwill arising from the Union
Bankshares Company acquisition (disclosed in Note 2 to the 2009 consolidated
financial statements) for impairment, and that evaluating both components of
goodwill for impairment as of the same date is believed to enhance the
efficiency of the evaluation.
As you
have requested, we have discussed with you the circumstances, business judgment,
and all other underlying factors that contributed to your decision to make this
change.
Based on
our review of the attendant circumstances and discussions with management, we
concur that the change described above is preferable under the
circumstances.
Sincerely,
/s/
Berry, Dunn, McNeil & Parker
BERRY,
DUNN, MCNEIL & PARKER