Banknorth Group Among Forbes Platinum 400; Named One of the `Best Big Companies in America'.Business Editors PORTLAND, Maine--(BUSINESS WIRE)--Jan. 14, 2003 Banknorth Group, Inc. (NYSE NYSE See: New York Stock Exchange : BNK BNK Bangkok BNK Bundesverband Niedergelassener Kardiologen eV BNK Banking ) was recently named to the Forbes Platinum 400 list. The designation appeared in the Jan. 6 issue of the publication, in an article entitled "The Best Big Companies in America." The Forbes Platinum 400 were cited as "having the best balance of long and short-term financial performance." "This is great recognition of our Company as it shows that our combination of acquisitions and community banking are creating profitable growth," said William J. Ryan, Banknorth Chairman, President and Chief Executive Officer. A firm must rank in the upper half of one of 23 industry groups in composite scoring for return on capital, sales growth and earnings growth to make the list of premier blue chips. To further qualify a firm must also have revenues over $1 billion. Among the 23 banks that made the list, Banknorth tied for third in 5-year profitability and was 13th in 12-month profitability. Banknorth also was 4th in 5-year earnings per share growth. Banknorth Group, Inc., headquartered in 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 , is the parent company of Banknorth, NA, which operates as Peoples Heritage Bank in Maine, Bank of 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). , Banknorth Massachusetts, Banknorth Vermont, Banknorth Connecticut and Evergreen Bank 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. . Banknorth Group also operates subsidiaries and divisions in insurance, investment planning, money management, leasing, merchant services Merchant services is the name given in the United States to a broad category of financial services intended for use by businesses. In its most specific use, it usually refers to the service that enables a business to accept a transaction payment by use of the customer's credit or , mortgage banking, government banking and other financial services. Banknorth Group, Inc. is one of the country's 35 largest commercial banking companies with total assets of $22.5 billion at September 30, 2002. |
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