Banknorth Group, Inc. and TD Bank Financial Group in Discussions.

PORTLAND, Maine Portland is the largest city in the U.S. state of Maine, with a 2004 population of 63,882. Portland is Maine's cultural, social and economic capital. Tourists are drawn to Portland's historic Old Port district along Portland Harbor, which is at the mouth of the Fore River and part -- Banknorth Group, Inc. (NYSE NYSE

See: New York Stock Exchange : BNK BNK Bangkok
BNK Bundesverband Niedergelassener Kardiologen eV
BNK Banking ) and TD Bank Financial Group today confirmed that they are holding discussions with regard to a possible transaction.

At this point there can be no assurances that the discussions will lead to an agreement.

The companies do not intend to comment further on this subject unless an agreement is reached or the discussions have been terminated.

At June 30, 2004, Banknorth Group, Inc. headquartered in Portland, Maine had $29.3 billion in assets. Banknorth's banking subsidiary, Banknorth, N.A., operates banking divisions in Connecticut (Banknorth Connecticut); Maine (Peoples Heritage Bank); Massachusetts (Banknorth 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). (Bank of New Hampshire); New York New York, state, United States
New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of (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.

COPYRIGHT 2004 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.

Reader Opinion

Article Details
Printer friendly Cite/link Email Feedback
Publication:	Business Wire
Date:	Aug 25, 2004
Words:	158
Previous Article:	The pmcw Report Comments on the Quarterly Results from Marvell Technology and Applied Materials and Looks Forward to Catalyst Semiconductor.
Next Article:	Band-Ore Resources Ltd.: Lake Shore Gold Corp. Initiates Second Phase 3,000 Metre Drilling Program Thunder Creek Gold Property, Timmins, Ontario.

Related Articles
TD Bank Financial Group to Become Majority Shareholder of Banknorth Group, Inc.; Strategic acquisition provides TD with personal and commercial...
Shareholders of Banknorth Group, Inc. vote in favor of proposed acquisition of majority interest by TD Bank Financial Group.
TD Bank Financial Group Completes Acquisition of Majority Interest in Banknorth Group, Inc.
TD Banknorth Inc. To Employ Purchase Accounting.
TD Bank Financial Group Investor Day Wednesday August 3, 2005.
TD Banknorth, N.A. to Issue Subordinated Notes.
TD Banknorth Inc. Announces Quarterly Dividend.
TD Banknorth Inc. to Participate in Panel Discussions at the RBC Capital Markets 2006 Financial Institutions Conference in Boston.
TD Bank Financial Group and TD Banknorth Inc. Agree to Going-Private Transaction.
Shareholders of TD Banknorth Inc. Vote in Favor of Proposed Privatization by TD Bank Financial Group.