Banknorth Introduces Free Business Checking; New Product a Fit for Businesses of All Sizes.Business Editors PORTLAND, Maine--(BUSINESS WIRE)--March 15, 2004 Banknorth Group, Inc., today announced that it has introduced a new Free Business Checking account that includes no minimum balance requirements and no monthly maintenance fee. The account is offered through Banknorth, N.A., subsidiaries Banknorth Massachusetts, Banknorth Connecticut, Banknorth Vermont, 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). , Peoples Heritage Bank in Maine 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. . "This new free checking account joins Banknorth's suite of small business and commercial products and services all designed to provide cost-effective, convenient business solutions," said Mark Collins, Banknorth Executive Vice President, Small Business Lending. "The combination of Banknorth's array of products and services combined with our local focus and decision making offer businesses of all sizes more than just cookie-cutter options." To open a Banknorth Free Business Checking account, customers need only deposit $25. The account has no minimum balance requirement and no monthly maintenance fee. Customers receive ample monthly transaction allocations and can set up their account for online banking at no additional charge. A free Business VISA(R) Debit Card debit card, card that allows the cost of goods or services that are purchased to be deducted directly from the purchaser's checking account. They can also be used at automated teller machines for withdrawing cash from the user's checking account. is available with all new accounts, and new customers also receive three free months of eBillPay. Customers can open a Free Business Checking account by visiting any Banknorth affiliate bank branch. More information is available online at Banknorth.com. Banknorth Group, Inc. (NYSE NYSE See: New York Stock Exchange : BNK BNK Bangkok BNK Bundesverband Niedergelassener Kardiologen eV BNK Banking ), based 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 , has $26.5 billion in assets and is the third-largest retail and commercial banking company headquartered in New England. The company was named the Best Managed Bank in America by Forbes Magazine in 2004. Through its banking subsidiary, Banknorth, N.A., the company operates Banknorth Massachusetts, Banknorth Vermont, Banknorth Connecticut, Bank of New Hampshire, Peoples Heritage Bank in Maine and Evergreen Bank serving upstate New York. Combined, these Banknorth banking divisions represent over 350 branches and more than 500 Banknorth ATMs across New England and upstate New York. Banknorth also operates subsidiaries and divisions in insurance, investments, merchant services, mortgage banking, leasing and other financial services. More information on Banknorth is available at Banknorth.com. Investment and insurance products: not a deposit; not FDIC FDIC See: Federal Deposit Insurance Corporation FDIC See Federal Deposit Insurance Corporation (FDIC). insured; not insured by any federal government agency; not guaranteed by the bank or any affiliate; and may be subject to investment risk, including possible loss of value. Insurance products are offered through Banknorth, N.A., Banknorth Insurance Group or their state-licensed agency subsidiaries. Securities and insurance products available through Bancnorth Investment Planning Group are provided by PrimeVest Financial Services, Inc., an independent registered broker/dealer. Member SIPC (Simply Interactive PC) An earlier umbrella term from Microsoft and Intel for a PC that works like a home appliance. For example, it has a sealed case, uses external connectors for expansion and boots in just a couple of seconds. . Bank deposits FDIC insured. Equal Housing Lender The terms Equal Housing Lender and Equal Opportunity Lender are synonymous and refer to all FDIC insured banks in the United States. Such banks are prohibited from discriminating on the basis of race, color, religion, national origin, sex, handicap, or familial status. . |
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