Banknorth to Pay 12.5 cent Quarterly Dividend.Business/Financial Editors PORTLAND, Maine--(BUSINESS WIRE)--July 25, 2000 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) announced today that its Board of Directors has approved a quarterly dividend of 12.5 cents per share Cents per share The amount of a mutual fund's dividend or capital gains distributions that a shareholder will receive for each share owned. based on earnings for the second quarter ended June 30, 2000. The dividend will be paid on August 14, 2000 to shareholders of record on August 4, 2000. The quarterly dividend announced today is 4 percent higher than the dividend paid for the same quarter a year ago and is even with the dividend paid for the previous quarter. Banknorth Group, Inc., formerly known as Peoples Heritage Financial Group, is an $18.5 billion bank holding company that is the parent company of Peoples Heritage Bank with the leading market share in Maine; 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). with the leading market share in that state; First Massachusetts Bank with the fifth largest market share in that state; GBT GBT Green Bank Telescope (Pocahontas County, West Virginia) GBT Gay/Bisexual/Transgender GBT Group on Basic Telecommunications GBT Ground-Based Transceiver GBT General Business Technology GBT Great Books Tutorial , a division of First Massachusetts Bank operating in Connecticut; 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. ; and Franklin Lamoille Bank, The Howard Bank, and First Vermont Bank, all in Vermont. Banknorth's combined Vermont banks have the second largest market share in that state. The Company and its banking affiliates also operate subsidiaries in insurance (Morse, Payson & Noyes Insurance and its subsidiaries), investments (Heritage Investment Planning Group), trust and money management services (The Stratevest Group), and leasing. |
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