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Home > Company Index > Banking > Banking - Northeast > Banknorth Group, Inc.
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Banknorth Group, Inc. |
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PROFILE |
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This down east bank is heading south. Banknorth Group is storming Massachusetts with its planned acquisitions of Andover Bancorp and MetroWest Bank. The company's eight subsidiary banks provide consumer and business banking through nearly 300 branches in Maine, New Hampshire, Massachusetts, Vermont, New York, and Connecticut. Consumer loans make up about 30% of the company's loans, with residential mortgage, commercial real estate, and commercial loans rounding out the loan portfolio. The acquisitive company offers nontraditional services such as mortgage banking, leasing, and brokerage services. Banknorth owns one of Maine's largest independent insurance brokers, Morse, Pason & Noyes.
COMPETITION |
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Bar Harbor Bankshares (BHB)
First Coastal Corporation (FCME)
FleetBoston Financial Corporation (FBF)
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STOCK ANALYSIS |
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FURTHER ANALYSIS
Advanced Charting
Deals
FINANCIAL OVERVIEW |
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Fiscal Year-End: December
2000 Sales (mil.): 1,541.50
1-Yr. Sales Growth: 48.6%
Employees: 5,000
Revenue per employee: $308,300.00
KEY PEOPLE |
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William J. Ryan
CEO
Peter J. Verrill
CFO
CONTACT INFO |
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1 Portland Sq.
Portland, ME 04112
US
Phone: 207-761-8500
Fax: 207-761-8534
Online: Web Site
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Hoover's Company Capsule
Copyright © 2001, Hoover's Inc. Austin, Texas.
For changes and updates, contact Hoover's directly.
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