Banknorth Group Inc. (Mergers & Acquisitions).
Banknorth Group Inc. of Portland, Me., will acquire Warren Bancorp
Inc., parent of Warren Five Cents Savings Bank, for about $122.6 million
in cash and stock. Banknorth will gain a leading market share in Essex
County, Mass. Warren operates six bank offices in Massachusetts: four in
Peabody, one in Beverly and one in North Beverly.
COPYRIGHT 2002 Bank Marketing Assn.
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2002 Gale, Cengage Learning. All rights reserved.
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