CAMDEN, ME, December 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 according to research reported by Cornerstone Advisors, 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 as we help 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. More information about Family Wallet can be found at www.CamdenNational.bank/personal/bank/family-wallet
Media Contact
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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. (OTCQB: RPMT) is the leading white-label family financial lifecycle platform, helping financial institutions securely serve the financial needs of all generations, from children to elderly adults. REGO’s certified COPPA and GDPR-compliant platform enables banks, credit unions, and fintechs to offer youth banking and senior financial management tools in their own brand. With REGO, institutions can drive deposits, build long-term relationships, and empower caregivers with oversight and protection tools designed for today’s complex financial world. Learn more at www.regopayments.com.
Safe Harbor Statement:
The information in this press release may contain forward-looking statements on REGO’s current expectations and projections about future events. These forward-looking statements are not guarantees and are subject to known and unknown risks, uncertainties, and assumptions about REGO that may cause the actual results, levels of activity, performance, or achievements to be materially different from any future results, levels of activity, performance, or achievements expressed or implied by such forward-looking statements. Important factors that could cause actual results to differ materially from REGO’s expectations include, but are not limited to: REGO’s ability to raise additional capital, the absence of any material operating history or revenue, REGO’s ability to attract and retain qualified personnel, the ability to develop and introduce a new service and products to the market in a timely manner, market acceptance of REGO’s services and products, REGO’s limited experience in the industry, the ability to successfully develop licensing programs and generate business, rapid technological change in relevant markets, unexpected network interruptions or security breaches, changes in demand for current and future intellectual property rights, legislative, regulatory and competitive developments, intense competition with larger companies, general economic conditions, and other risks as described by REGO in Item 1.A “Risk Factors” in REGO’s most recent Form 10-K; other risks to which REGO is subject; other factors beyond REGO’s control.
All subsequent written and oral forward-looking statements attributable to REGO, or persons acting on REGO’s behalf, are expressly qualified in their entirety by the foregoing. REGO has no obligation to and does not undertake to update, revise, or correct any of these forward-looking statements after the date of this report.
