LIKE
Thursday March 28, 2024


Click the logos
for news and info
about these companies

Non-Profits & Special Events








Products & Services










Banking & Finance




Construction &
Real Estate






Travel & Tourism








Public Affairs











Top Headlines

For Immediate Release
January 14, 2003

Contact:
Brian Arsenault
(207) 761-8500
E-mail: barsenault@banknorth.com

Web Site: http://www.tdbank.com/

Banknorth Group Among Forbes Platinum 400

Named One of the "Best Big Companies in America"

PORTLAND, Maine (January 14, 2003) - Banknorth Group, Inc. (NYSE: BNK) was recently named to the Forbes Platinum 400 list. The designation appeared in the Jan. 6 issue of the publication, in an article entitled "The Best Big Companies in America."

The Forbes Platinum 400 were cited as "having the best balance of long and short-term financial performance."

"This is great recognition of our Company as it shows that our combination of acquisitions and community banking are creating profitable growth," said William J. Ryan, Banknorth Chairman, President and Chief Executive Officer.

A firm must rank in the upper half of one of 23 industry groups in composite scoring for return on capital, sales growth and earnings growth to make the list of premier blue chips. To further qualify a firm must also have revenues over $1 billion.

Among the 23 banks that made the list, Banknorth tied for third in 5-year profitability and was 13th in 12-month profitability. Banknorth also was 4th in 5-year earnings per share growth.

Banknorth Group, Inc., headquartered in Portland, Maine, is the parent company of Banknorth, NA, which operates as Peoples Heritage Bank in Maine, Bank of New Hampshire, Banknorth Massachusetts, Banknorth Vermont, Banknorth Connecticut and Evergreen Bank in upstate New York. Banknorth Group also operates subsidiaries and divisions in insurance, investment planning, money management, leasing, merchant services, mortgage banking, government banking and other financial services. Banknorth Group, Inc. is one of the country's 35 largest commercial banking companies with total assets of $22.5 billion at September 30, 2002.

# # #





NOTE: Wolfe News Wire is an online source for news and information about noteworthy companies and organizations. We invite you to share this content and/or leave a comment. Background info and past news items from a specific organization can be found by clicking the side logos. For more info, please email info@wolfenews.com. Thank you!



Terms of Use and Privacy Policy




©2015 Wolfe Public Relations. All Rights Reserved.