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Bank North Makes Forbes List
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Business New Haven
1/19/2004
By: BNH
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In its January 12 issue, Forbes magazine names Banknorth Group Inc. one of the "Best Managed Companies in America." Banknorth was the only banking company to earn a spot on the list. The article (which can be read at www.banknorth.com/investorrelations/inthenews.aspx) says that Banknorth President Bill Ryan's management and personal visits over the years to community banks throughout New England have contributed to the company's growth. "Such courtesies, a reputation as a straight shooter and a history of solid execution have made Banknorth the acquisition of choice for community banks in the region," the article reports. "One reason Banknorth has been able to tally steady ten percent-plus earnings growth is its focus on regional small businesses," it adds.
Headquartered in Portland, Me., Banknorth is one of the country's 35 largest commercial banking companies, with $25.7 billion in assets. Its banking subsidiary, Banknorth, N.A., operates a banking division in Connecticut, Banknorth Connecticut.
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