Overseas briefs: Bank of Maine sold, Fairfax Financial sells down Bank of Ireland stake, Indonesian 01 April 2015 4:47PM Banking Day staff US bank Camden National will buy the Bank of Maine for equivalent of US$135 million, in a combination of stock and cash. The acquisition will give Camden 68 branches and make it the largest bank headquartered in the state. The merger would give the publicly traded Camden about US$3.6 billion in assets and an 11 per cent share of deposits in the state. Fairfax Financial has plans to sell 2.9 per cent of Bank of Ireland, the Irish Times reports. The investment group, founded by billionaire Prem Watsa, was one of a group of North American buyers that took a 35 per cent combined stake in the Irish lender in 2011, keeping it out of majority state ownership. Indonesia's Islamic banks expect loan growth to triple in 2015, Bloomberg reports. The government will soon finish shifting more than 30 trillion rupiah of the savings of Muslims planning a trip to Mecca to shariah-compliant lenders from non-Islamic banks this year, a process that started in 2013. The shift will help drive credit growth to 26 per cent, multiplying the eight per cent in 2014 and a 17 per cent forecast increase in lending by both types of banks, according to estimates from the Financial Services Authority. Indonesian Islamic loan growth has averaged 34.5 per cent over the past five years.