Banknorth registration statement effective.BURLINGTON, Vt.--(BUSINESS WIRE)--Feb. 8, 1996--Banknorth Group Inc. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :BKNG) today announced that its registration statement filed with the U.S. Securities and Exchange Commission has become effective. Making the announcement was William H. Chadwick, president and chief executive officer. The company will issue 888,890 shares of its authorized au·thor·ize tr.v. au·thor·ized, au·thor·iz·ing, au·thor·iz·es 1. To grant authority or power to. 2. To give permission for; sanction: and unissued common stock, at a public offering price of $33.75 per share. In addition, Banknorth has granted to the underwriters an option to purchase up to 133,333 shares to cover over-allotments. The offering is being made in conjunction with Banknorth's acquisition of 13 central and western Massachusetts branches of Fleet National Bank of Massachusetts The Bank of Massachusetts, founded in 1784 in Boston, Massachusetts, was the second-oldest bank in the United States. It is a predecessor to the modern Bank of America (merged 2005), through Bank of Boston (1903), BankBoston (1996) and FleetBoston Financial (1999). (formerly Shawmut Bank, N.A.). The underwriters for the offering are Sandler O'Neill & Partners, L.P. and Keefe, Bruyette & Woods Inc. A copy of the prospectus related to the offering may be obtained from Sandler O'Neill & Partners, L.P., Two World Trade Center, 104th Floor, New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of , N.Y., 10048, Attn.: Christopher Quackenbush, or from Keefe, Bruyette & Woods Inc., Two World Trade Center, 85th Floor, New York, N.Y., 10048, Attn.: Rosalind Walrath. The offering is scheduled to close on Wednesday, Feb. 14, 1996. Banknorth Group Inc. is a community bank holding company headquartered in Burlington, VT. The company offers a full range of 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. through its seven, banks and mortgage company with offices throughout 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. . CONTACT: Banknorth Group Inc. David P. Reville, 802/860-5474 or Thomas J. Pruitt, 802/860-5558 |
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