Keith C. Patten will retire May 4 as president and chief executive officer of Camden National Corp., the company announced Friday.

Succeeding Mr. Patten will be Robert W. Daigle, who will retain his role as president and CEO of the $597 million-asset banking company's Camden National Bank subsidiary.

Mr. Patten, a veteran of four decades in banking, joined Camden National Bank in 1977 and has been president and CEO of its holding company since 1984.

Mr. Daigle joined Camden National Bank as president and CEO in January 1996 after a 25-year career at Fleet Bank.

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