Banknorth Joins the DealerTrack Auto Finance Platform.Business Editors MELVILLE, N.Y.--(BUSINESS WIRE)--April 7, 2004 Banknorth N.A., New England's third largest retail and commercial bank, has joined the DealerTrack(TM) online automotive finance platform. Through its integration with DealerTrack, Banknorth expects to significantly enhance the service it provides to its automotive dealer customers. N. Craig Stickney, senior vice president of Banknorth, explained that automotive dealers can now use DealerTrack to submit credit application data to Banknorth as well as to other financing sources participating on the platform. Dealers can monitor the status of applications in real-time, request credit reports and take advantage of a wide range of time-saving functions offered through the platform. This includes direct integration with leading dealer management systems, payoff quotes and dealer reserve statements. Recently named one of the Best Managed Companies in America by Forbes Magazine, Banknorth will leverage DealerTrack to further enhance its reputation for excellence and solid execution. "Access to DealerTrack will help make the auto financing process easier and more efficient for our institution, as well as for our dealer customers," said Stickney. "This integration will allow Banknorth to provide our customers with the tools they need to increase efficiencies and close more deals." "We are pleased to welcome a respected institution like Banknorth to our platform," said Mark O'Neil, DealerTrack president and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. . "This addition will further define DealerTrack as one of the industry's leading auto finance technology solutions providers." About DealerTrack, Inc.: With over 22,000 dealers and over 65 financing sources currently connected, DealerTrack is North America's premier independent Web-based platform that automates and accelerates the entire automotive financing process. The DealerTrack suite of products - which work together as one easy-to-use, integrated solution - includes: credit report access; credit application processing; electronic contracting; desking tools; activity reporting; and a dealer Web site product. Additionally, the DealerTrack platform features integration with top dealer management systems for credit reports, credit application processing and electronic contracting. As a member of the AFSA AFSA American Foreign Service Association AFSA American Financial Services Association AFSA American Fire Sprinkler Association AFSA Air Force Sergeants Association AFSA American Federation of School Administrators AFSA Armed Forces Security Agency , STAR and X9 standards committees, DealerTrack continues to drive industry-wide technology standards to support the total financing process. More information on DealerTrack is available at www.dealertrack.com or by calling 877-357-8725. About Banknorth: Banknorth Group, Inc., 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 $25.8 billion in assets and is the third-largest retail and commercial banking company headquartered in New England New England, name applied to the region comprising six states of the NE United States—Maine, New Hampshire, Vermont, Massachusetts, Rhode Island, and Connecticut. The region is thought to have been so named by Capt. . Through its banking subsidiary, Banknorth, N.A., the company operates Banknorth Massachusetts, Banknorth Vermont, Banknorth Connecticut, 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 evergreen, term commonly used as synonymous with conifer and applied also to all those broad-leaved plants that bear green leaves throughout the year. Of the latter, most are plants of the tropics, subtropics, and other areas where the growing season is prolonged (e. Bank serving 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. . 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 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, leasing and other financial services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. . More information on Banknorth is available at Banknorth.com. |
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