CCBT Financial Companies, Inc. Shareholders Approve Merger with Banknorth, Group, Inc.Business Editors SOUTH YARMOUTH, Mass.--(BUSINESS WIRE)--March 31, 2004 CCBT CCBT Comprehensive Cognitive Behavioral Therapy Financial Companies, 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 : CCBT) Shareholders today approved the Company's proposed merger with Banknorth Group, Inc. at a special meeting held in South Yarmouth, Massachusetts South Yarmouth is a census-designated place and village located in the town of Yarmouth in Barnstable County, Massachusetts, USA. The population was 11,603 at the 2000 census. Geography South Yarmouth is located at (41. . Approximately 96 percent of the votes cast, representing approximately 74 percent of the shares outstanding, were voted in favor of the merger. A simple majority of the outstanding shares was required in connection with the merger. The merger is expected to be completed at the end of April. "We are pleased that our shareholders recognize the value in this transaction, and we look forward to the combination," said Stephen B. Lawson, Chief Executive Officer and President of CCBT. CCBT Financial Companies, Inc. is a bank holding company with total assets of $1.3 billion on December 31, 2003. Its subsidiary, Cape Cod Cape Cod, narrow peninsula of glacial origin, 399 sq mi (1,033 sq km), SE Mass., extending 65 mi (105 km) E and N into the Atlantic Ocean. It is generally flat, with sand dunes, low hills, and numerous lakes. Bank and Trust Company, N.A., owns CCBT Brokerage Direct and a 51% interest in Murray & MacDonald Insurance Services, Inc. The Company offers a wide range of financial products and services including deposit services, loans, municipal services This article or section deals primarily with the United Kingdom and does not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. , insurance, trust, investments and retirement services to individuals, municipalities and businesses. To find out more about CCBT Financial Companies, Inc. and our services, please visit our web site at www.ccbt.com or stop in for a visit at one of our twenty-seven branch locations. |
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