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Nieuwe overnames leveren Banknorth $1,5 mrd aan assets op

Datum nieuwsfeit: 03-05-2004
Bron: Business Wire
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( BW)(ME-BANKNORTH/CCBT-FINAN)(BNK)(CCBT) Banknorth Completes 
Acquisitions 
 
    Business Editors 
 
    PORTLAND, Maine--(BUSINESS WIRE)--May 3, 2004--Banknorth Group, 
Inc. (NYSE: BNK) announced today that it finalized its acquisitions of 
CCBT Financial Companies, Inc. (NASDAQ: CCBT), the parent company of 
Cape Cod Bank and Trust Company, and Foxborough Savings Bank (OTS: 
FOXS.PK) on April 30, 2004. 
    "These acquisitions strengthen our increasing presence in 
Massachusetts, a vital market for Banknorth," said William J. Ryan, 
Chairman, President and Chief Executive Officer of Banknorth. "We are 
now a significant banking presence south of Boston and into the 
important Cape Cod market area." 
    At March 31, 2004, Banknorth Group, headquartered in Portland, 
Maine, had $26.9 billion in assets. The two pending acquisitions are 
expected to increase Banknorth's assets by more than $1.5 billion. 
Banknorth's banking subsidiary, Banknorth, N.A., operates banking 
divisions in Connecticut (Banknorth Connecticut); Maine (Peoples 
Heritage Bank); Massachusetts (Banknorth Massachusetts); New Hampshire 
(Bank of New Hampshire); New York (Evergreen Bank); and Vermont 
(Banknorth Vermont). The Company and Banknorth, N.A. also operate 
subsidiaries and divisions in insurance, money management, merchant 
services, mortgage banking, government banking and other financial 
services and offer investment products in association with PrimeVest 
Financial Services, Inc. The Company's website is at 
www.banknorth.com. 
 
    --30--MA/bo* 
 
    CONTACT: Banknorth Group, Inc. 
             Brian Arsenault, 207-761-8517 
 
 

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