In a deal that would extend its presence deeper into central Maine, Camden National Corp. said it would buy KSB Bancorp of Kingsfield, Maine, for $28 million of stock.

Camden, based in the Maine coastal town, has $685 million of assets and is parent of two banks. KSB, with $179 million of assets, is the holding company for Kingsfield Savings Bank, which has nine branches in three central Maine counties.

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