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Synopsis Of Peoples Heritage Financial Group Presentation At Southeast Research Partners Fifth Annual Institutional Conference

FORT LAUDERDALE, Fla., Nov. 22 /PRNewswire/ -- Following is a synopsis of the presentation made today by Peoples Heritage Financial Group (Nasdaq: PHBK), Portland, Me., at the Southeast Research Partners Fifth Annual Institutional Investors Conference at the Hyatt Regency Pier 66, Fort Lauderdale:

New England's Community Banking Franchise

As of December 6, when Family Bancorp acquisition is completed, Peoples Heritage Financial Group, headquartered in Portland, Maine, will be a $5.4 billion holding company with statewide banks in Maine, Peoples Heritage Bank, and New Hampshire, Bank of New Hampshire. Family provides a market presence in northeastern Massachusetts.

In the past year, the Company has added nearly $3 billion in assets outside Maine, in the more vibrant economies of New Hampshire and Massachusetts.

Third Quarter performance measurements were strong:

ROA: 1.39%

ROE: 15.21%

Net Interest Margin: 4.73%

Efficiency Ratio: 59.6%

NPAs, a % of total assets: 1.14%

Coverage Ratio: 155.1%

Allowance to Total Loans Ratio: 1.94%

Third Quarter net earnings were a record $14.2 million, or 56 cents per share, even after absorbing after-tax impact of one-time SAIF assessment of $1.2 million. Without SAIF, earnings were $15.4 million, or 61 cents per share.

Market share position second in Maine, third in New Hampshire, and first or second in most of the communities served by Family Bank.

Unique New England franchise:

M & A Strategy: retain acquisition's name, management and customer contact staff, efficiencies achieved by "backroom" consolidations, local decision making supported by Company Strategic Business Units.

Retail Strategy: exceed competitors in service through flexible hours, Sunday banking, supermarket banking, phone banking.

Commercial Strategy: emphasis on small business lending.

Creating Shareholder Value: profitable acquisitions, increased market share, stock repurchases in 1995 and 1996.

SOURCE Peoples Heritage Financial Group
 -0- 11/22/96


/CONTACT: Brian Arsenault, Peoples Heritage Financial Group, 800-462-3666/

(PHBK)

CO: Peoples Heritage Financial Group ST: Florida, Maine IN: FIN SU:

MS-VP -- FLFCON4 -- 5684 11/22/96 08:35 EST http://www.prnewswire.com
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Date:Nov 22, 1996
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