| Business Summary | | Banknorth
Group,
Inc.
is
a
multi-bank
and
financial
services
holding
company.
The
principal
business
of
the
Company
consists
of
attracting
deposits
from
the
general
public
through
its
offices
and
using
such
deposits
to
originate
loans
secured
by
first
mortgage
liens
on
existing
single-family
(one-
to
four-unit)
residential
real
estate
and
existing
multi-family
(over
four
units)
residential
and
commercial
real
estate,
construction
loans,
commercial
business
loans
and
leases
and
consumer
loans
and
leases.
The
Company
also
provides
various
mortgage-banking
services
and
various
trust
and
investment
advisory
services,
as
well
as
engages
in
equipment
leasing,
financial
planning,
securities
brokerage
and
insurance
brokerage
activities.
The
Company
also
invests
in
investment
securities
and
other
permitted
investments. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | BKNG
is
a
multi-bank
holding
company
operating
285
offices
throughout
ME,
NH,
MA,
VT,
NY
and
CT.
For
the
six
months
ended
6/30/01,
total
interest
income
fell
2%
to
$643.2
million.
Net
interest
income
after
loan
loss
prov.
rose
4%
to
$309.9
million.
Net
income
before
acct.
change
rose
68%
to
$115.3
million.
Results
reflect
improved
interest
margins,
higher
insurance
commission
revenues,
the
absence
of
$15.9
million
in
securities
losses
and
the
absence
of
$41
million
in
merger
related
charges. | More
from
Market Guide: Significant
Developments |
| | | | FY2000
Compensation | | Pay | Exer | |
| William Ryan, 57 Chairman,
Pres, CEO | $894K | $4.1M | Peter Verrill, 52 CFO,
Chief Operating Officer | 448K | 1.6K | Thomas Pruitt, 58 Exec.
VP, CAO | 360K | -- | Christopher Bramley, 59 Exec.
VP; Pres and CEO of First Massachusetts Bank | 331K | -- | John Fridlington, 56 Exec.
VP and Sr. Loan Officer | -- | -- | Dollar
amounts are as of 31-Dec-2000 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.; "Exer" is the value of options excercised during the fiscal year. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|