Skip to main content

Camden National Bank Launches Free Youth Banking Platform to Teach the Value of Money

Written by Customer Service on . Posted in Public Companies.

Family Wallet provides youth with saving, goal setting, and spending capabilities under one free app

CAMDEN, Maine, Dec. 15, 2025 (GLOBE NEWSWIRE) — Camden National Bank today announced the launch of Family Wallet, a free youth banking platform designed to help families instill healthy financial habits in children from an early age. This secure, parent-controlled experience allows kids to earn, save, and safely spend, all under Camden National Bank’s trusted brand and integrated systems.

As part of its 150th anniversary celebration, Camden National Bank is reaffirming its commitment to the next generation. For decades, the bank has invested in programs that support youth education and financial literacy. Family Wallet builds on that legacy by giving families the tools to prepare children for a lifetime of financial confidence.

Children ages 5 to 17 are estimated to have over $360 billion in spending power, much of which is shifting toward debit cards and mobile apps. Family Wallet meets this trend head-on, combining the novelty of a secure, parent-controlled debit card with the convenience of a dedicated mobile app that empowers children to earn, save, set goals, and see their spending.

“The financial well-being of our customers’ children is a key priority for us,” said Simon Griffiths, President and CEO at Camden National Bank. “By launching this new platform, we are empowering families to introduce healthy financial habits early in life, while giving parents confidence that their children are learning and transacting in a safe, controlled environment. This initiative reflects our commitment to innovation and education—helping the next generation build financial literacy, independence, and security from the very start.”

Camden National Bank partnered with Rego Payment Architectures, Inc. (“REGO”) (OTCQB: RPMT) to deliver a turnkey solution that prioritizes child data privacy and exceeds the requirements of the Children’s Online Privacy Protection Act (COPPA).

“This launch underscores the shared commitment of REGO and Camden National Bank to children’s financial literacy,” said Peter S. Pelullo, Chief Executive Officer at REGO. “Families across Northern New England can now access a digital-first youth banking experience, delivered by the award-winning community bank they already know and trust.”

Since its founding in 1875, Camden National Bank has served millions of individuals, families, and businesses across Northern New England. With over $7 billion in assets and a team of more than 700 employees, Camden National Bank remains dedicated to building a stronger financial future for its communities—starting with the youngest members.

About Camden National Bank

Camden National Corporation (NASDAQ: CAC) is Northern New England’s largest publicly traded bank holding company, with $7.0 billion in assets. Founded in 1875, Camden National Bank has 72 banking centers in Maine and New Hampshire, is a full-service community bank offering the latest digital banking, complemented by award-winning, personalized service. Additional information is available at CamdenNational.bank. Member FDIC. Equal Housing Lender.

Comprehensive wealth management, investment, and financial planning services are delivered by Camden National Wealth Management.

About REGO
Rego Payment Architectures, Inc. (“REGO”) is a family digital wallet platform that empowers financial institutions to let their customer’s children spend, save, donate and invest in a safe, parent-controlled environment. Founded in 2008, REGO is the only family digital wallet platform to be certified COPPA (Children’s Online Privacy Protection Act) and third-party GDPR (General Data Privacy Regulation) compliant. REGO has also been awarded multiple patents related to the safety of parent and child data, including age verification of users. Built from the ground-up to protect the privacy of children’s data, REGO offers financial literacy tools for parents to teach their kids to be smarter shoppers, savers, givers and investors. Financial institutions of all sizes can offer a family digital wallet product through REGO as a white-labeled stand-alone application or fully integrated into their existing app.

Contact:

Pawan Murthy
pawan@regopayments.com

Disclaimer & Cookie Notice

Welcome to GOLDEA services for Professionals

Before you continue, please confirm the following:

Professional advisers only

I am a professional adviser and would like to visit the GOLDEA CAPITAL for Professionals website.

Important Notice for Investors:

The services and products offered by Goldalea Capital Ltd. are intended exclusively for professional market participants as defined by applicable laws and regulations. This typically includes institutional investors, qualified investors, and high-net-worth individuals who have sufficient knowledge, experience, resources, and independence to assess the risks of trading on their own.

No Investment Advice:

The information, analyses, and market data provided are for general information purposes only and do not constitute individual investment advice. They should not be construed as a basis for investment decisions and do not take into account the specific investment objectives, financial situation, or individual needs of any recipient.

High Risks:

Trading in financial instruments is associated with significant risks and may result in the complete loss of the invested capital. Goldalea Capital Ltd. accepts no liability for losses incurred as a result of the use of the information provided or the execution of transactions.

Sole Responsibility:

The decision to invest or not to invest is solely the responsibility of the investor. Investors should obtain comprehensive information about the risks involved before making any investment decision and, if necessary, seek independent advice.

No Guarantees:

Goldalea Capital Ltd. makes no warranties or representations as to the accuracy, completeness, or timeliness of the information provided. Markets are subject to constant change, and past performance is not a reliable indicator of future results.

Regional Restrictions:

The services offered by Goldalea Capital Ltd. may not be available to all persons or in all countries. It is the responsibility of the investor to ensure that they are authorized to use the services offered.

Please note: This disclaimer is for general information purposes only and does not replace individual legal or tax advice.