Banknorth Group, Inc. Holds Annual Shareholder Meeting.BURLINGTON, Vt.--(BUSINESS WIRE)--May 11, 1999-- Shareholders of Banknorth Group, Inc. elected five members to the board at the company's annual meeting held this morning in Rutland, Vt. Elected were Kathleen Hoisington, Douglas G. Hyde, Esq., Anthony J. Mashuta, Angelo P. Pizzagalli and Thomas P. Salmon Thomas Paul Salmon (born August 19, 1932), U.S. Democratic Party politician, served as Governor of the U.S. state of Vermont from 1973 to 1977. He was born in Cleveland, Ohio and earned his undergraduate degree from Boston College in 1954, and earned a J.D. , Esq. All are incumbent directors whose terms will run until 2002. Long-time board members R. Allan Paul and Richard Narkewicz, M.D. were acknowledged for their many years of service to the company. Both have retired as active directors and will assume Director Emeritus status. Shareholders also ratified the selection of KPMG KPMG Klynveld Peat Marwick Goerdeler (accounting firm) KPMG Kaiser Permanente Medical Group KPMG Keiner Prüft Mehr Genau (German) KPMG Kommen Prüfen Meckern Gehen LLP LLP - Lower Layer Protocol as independent auditors of the Company for 1999. "Banknorth Group made significant strides in 1998 and benefited greatly from the wise counsel of these fine individuals," said William H. Chadwick, president and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. . "It is gratifying grat·i·fy tr.v. grat·i·fied, grat·i·fy·ing, grat·i·fies 1. To please or satisfy: His achievement gratified his father. See Synonyms at please. 2. to know that their efforts are recognized by the shareholders, and that the entire board can count on their continuing contributions for the next three years. We are particularly grateful for the many years of dedicated service both Allan Paul and Dick Narkewicz have provided this company. Our solid performance over the years is testament to the quality of their wise counsel." Kathleen Hoisington is the president of Hoisington Realty, Inc. of Bennington, Vt.; Douglas G. Hyde, Esq. is CEO of Fresh Connections, Inc. of Burlington, Vt.; Anthony J. Mashuta is president of C.O.O.L. Insuring Agency, Inc. of Latham, NY; Angelo P. Pizzagalli is co-chairman of Pizzagalli Construction of South Burlington, VT, and the chairman of the board of Banknorth Group; and Thomas P. Salmon, Esq. is of-counsel of Salmon and Nostrand, Bellows Falls, VT. 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) is a multi-bank holding company headquartered in Vermont with assets of $4.3 billion and eight community banks in Massachusetts, 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). , Vermont and New York. The company offers a full range of banking and financial management services from its network of 101 banking offices, Banknorth Mortgage Company, and The Stratevest Group, N.A., a $4 billion asset and investment management subsidiary. For more information about Banknorth Group, Inc. visit the Banknorth Group internet site at http://www.banknorth.com. |
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