Banknorth Declares Quarterly Dividend.Business/Technology Editors PORTLAND, Maine--(BUSINESS WIRE)--Oct. 31, 2000 The Board of Directors of Banknorth Group, Inc. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :BKNG) today voted a quarterly dividend of 12.5 cents per share Cents per share The amount of a mutual fund's dividend or capital gains distributions that a shareholder will receive for each share owned. , up from 12 cents per share from the dividend paid for the same quarter a year ago. The dividend will be paid on November 20, 2000 to shareholders of record on November 10, 2000. Banknorth Group, headquartered in Portland, Maine, is one of the country's 50 largest commercial banking companies with assets of $18.5 billion. Its Maine and New Hampshire New Hampshire, one of the New England states of the NE United States. It is bordered by Massachusetts (S), Vermont, with the Connecticut R. forming the boundary (W), the Canadian province of Quebec (NW), and Maine and a short strip of the Atlantic Ocean (E). banking subsidiaries, Peoples Heritage Bank, NA and Bank of New Hampshire, NA, respectively, each have the number one deposit market position in their respective states. The Company's Vermont banks, The Howard Bank, NA, Franklin Lamoille Bank, NA and First Vermont Bank, NA combined have that state's second largest deposit market share. First Massachusetts Bank, NA is one of the six largest banks in Massachusetts. The Company also operates in upstate New York Upstate New York is the region of New York State north of the core of the New York metropolitan area. It has a population of 7,121,911 out of New York State's total 18,976,457. Were it an independent state, it would be ranked 13th by population. through Evergreen Bank, NA and in north central Connecticut with GBT GBT Green Bank Telescope (Pocahontas County, West Virginia) GBT Gay/Bisexual/Transgender GBT Group on Basic Telecommunications GBT Ground-Based Transceiver GBT General Business Technology GBT Great Books Tutorial , a division of First Massachusetts Bank, NA. Banknorth's subsidiary banks also operate subsidiaries in insurance brokerage, trust and investments, mortgage banking and leasing. |
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