Banknorth Group to Present at Lehman Brothers 2004 Financial Services Conference.

PORTLAND, Maine -- Banknorth Group, Inc. (NYSE: BNK) announced today that William J. Ryan, Chairman, President, and Chief Executive Officer, will present at the Lehman Brothers 2004 Financial Services Conference at the Hilton New York in New York City from 2:15 p.m. - 2:55 p.m. on Tuesday, September 14, 2004.

E[acute accent]A live webcast of the conference will be available at http://customer.nvglb.com/LEHM002/091304a_rk/default.asp?entity= Banknorth.

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Shortly after the conference, a replay of the webcast will be available for a period of 90 days from the Investor Relations section of the Banknorth website at http://www.banknorth.com.

E[acute accent]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 (Bank of New Hampshire); New York (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.

E[acute accent]On August 26, 2004, Banknorth Group, Inc. and TD Bank Financial Group (NYSE and TSE: TD) announced that they entered into a definitive agreement for TD to acquire 51% of the outstanding shares of Banknorth, subject to receipt of required regulatory and shareholder approvals and other customary conditions.