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Top Headlines

For Immediate Release
August 1, 2001

Contact:
Brian Arsenault
(207) 761-8517
E-mail: beryl@wolfenews.com

Beryl Wolfe
(207) 775-5115

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

Banknorth Group Staff Promotions & Hires, Summer and Fall 2001, A - J

Banknorth Group, Inc. is one of the country's 35 largest commercial banking companies with $21 billion in assets. Banknorth is the parent company of Peoples Heritage Bank, with the leading market share in Maine, and other banking subsidiaries in New Hampshire, Massachusetts, Connecticut, Vermont and upstate New York. The company and its banking affiliates also operate subsidiaries in insurance (Banknorth Insurance Group), investments (Bancnorth Investment Planning Group, Inc.), a money management firm (Banknorth Investment Management Group, N.A.), and a leasing company (Banknorth Leasing). Other subsidiaries and divisions provide services in mortgage banking, asset-based lending, private banking, merchant services and other financial services. For more information about Banknorth, visit online at http://www.banknorth.com.


KRISTA C. ABBOTONI PROMOTED TO ASSISTANT VICE PRESIDENT AT BANKNORTH

Krista C. Abbotoni has been named an assistant vice president in the Marketing Department at Banknorth Group, Inc. in Portland. As a product manager, she will continue to be responsible for product management, development and reporting.

Abbotoni joined Banknorth in 1994 and has seven years in banking. She has previously served as an officer, an associate product manager and a credit analyst. A resident of Gorham and originally from West Buxton, Abbotoni serves as a volunteer for the annual Peoples Beach to Beacon 10K Road Race in Cape Elizabeth. She is a 1996 graduate of the University of Southern Maine and a 1989 graduate of Bonny Eagle High School in Standish.
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PAULINE T. BAILEY PROMOTED TO ASSISTANT VICE PRESIDENT AT BANKNORTH

Pauline T. Bailey has been promoted to assistant vice president of shareholder relations in the Executive Department at Banknorth Group, Inc. in Portland. She will continue to serve as a liaison between Banknorth shareholders and the company's stock transfer agent, involving all aspects of shareholder services.

Bailey joined Banknorth in 1979 and has 22 years in banking. She has previously served as a shareholder relations officer and executive secretary. A resident of Westbrook, Bailey is active in American Legion Auxiliary Post 197. She is a 1968 graduate of Westbrook High School.
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MARTHA L. BEAULIEU PROMOTED TO ASSISTANT VICE PRESIDENT

Martha L. Beaulieu has been promoted to assistant vice president in the Finance Department at Banknorth Group, Inc. in Portland. As a senior lead accountant, she will continue to focus on general accounting.

Beaulieu joined Banknorth in 2000 and has previously served as an officer. A resident of Saco, Beaulieu is a certified public accountant. She is a 1989 graduate of the University of Southern Maine in Portland and a 1975 graduate of Thornton Academy in Saco.
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MARK E. BROOKS PROMOTED TO ASSISTANT VICE PRESIDENT AT BANKNORTH

Mark E. Brooks has been promoted to assistant vice president in the eBill Pay Operations Department at Banknorth Group, Inc. in Lewiston. As a deposit operations section manager, he will continue to be responsible for overseeing the daily operations of the eBill Pay system, which is now available to customers in Banknorth affiliate banks in six states, including Peoples Heritage Bank in Maine.

Since Banknorth's launch of online banking in March, more than 60,000 customers throughout New England have signed up to pay bills, transfer funds, check balances and perform other banking functions online. In Maine, visit http://www.peoplesheritage.com.

Brooks joined Banknorth in 2000 and has five years in banking. He previously has served as a branch administrator, assistant branch administrator and branch resource manager for another Maine bank. A resident of Auburn and a Farmington native, Brooks is a 1993 graduate of the University of Maine at Farmington and a 1987 graduate of Mt. Blue High School.
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SEAN M. CARTER PROMOTED TO ASSISTANT VICE PRESIDENT AT BANKNORTH

Sean M. Carter has been named an assistant vice president in the eCommerce Development Department at Banknorth Group, Inc. in Portland. A consumer specialist, he will continue to be responsible for project, vendor and relationship management for consumer online lending initiatives.

Since Banknorth's launch of online banking in March, more than 60,000 customers throughout New England have signed up to pay bills, transfer funds, check balances and perform other banking functions online. In Maine, visit http://www.peoplesheritage.com.

Carter joined Banknorth in 1997 and has previously served as an officer, a Call Center supervisor and a workforce analyst. A Portland resident, he is a 1997 graduate of the University of Massachusetts at Amherst and a 1993 graduate of North Andover High School, also in Massachusetts.
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ROBERT S. CHATFIELD PROMOTED TO ASSISTANT VICE PRESIDENT AT BANKNORTH

Robert S. Chatfield has been promoted to assistant vice president in the Finance Department at Banknorth Group, Inc. in Portland. In his role as an analyst, he will continue to provide financial planning and management reporting.

Chatfield joined Banknorth in 2000 and previously served as an officer. A resident of Portland, he is a member of the Portland Taxpayers Association. Chatfield received a master's degree in finance in 1995 at Suffolk University in Boston.
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ELIZABETH A. COULTER PROMOTED TO OFFICER AT BANKNORTH GROUP

Elizabeth A. Coulter has been promoted to officer in the Loan Operations Department at Banknorth Group, Inc. in Lewiston. A loan operations manager, she will continue to manage document control, overseeing the records, collateral and collateral release departments.

Coulter joined Banknorth in 1996 and has five years in banking. She previously has served as a records clerk, payoff specialist, records supervisor and collateral supervisor. A resident of Auburn, Coulter is active in the United Way and the South Lewiston Little League. She is a 1985 graduate of Hampden Academy in Winterport.
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TAMMY E. DAVIS PROMOTED TO OFFICER AT BANKNORTH GROUP

Tammy E. Davis has been promoted to officer in the Information Technology (IT) Customer Service Department at Banknorth Group, Inc. in Lewiston. A support desk manager, she will continue to provide technical support for employees in all Banknorth locations.

Davis joined Banknorth in 1994 and has eight years in banking. She previously served in the Deposit Operations Department.

A resident of Sabattus, Davis is active in the Parent Teacher Association at Sabattus Elementary School. She and her husband, Jason, have three children. A 1991 graduate of Lewiston High School, Davis is pursuing a degree in leadership and organizational studies at the University of Southern Maine in Portland.
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KATHRYN M. DION PROMOTED TO SENIOR VP AT BANKNORTH INVESTMENT

Kathryn M. Dion has been promoted to senior vice president at Banknorth Investment Management Group, NA, in Portland. As senior investment manager, she is responsible for overseeing all investment management activities in Maine.

Banknorth Investment Management Group, a subsidiary of Banknorth Group, Inc., provides an extensive range of money management, trust and investment services to individuals, families and businesses throughout Maine. The group has offices at One Portland Square in Portland, at 77 Exchange St. in Bangor and at 217 Main Street in Lewiston.

Dion joined Banknorth Investment in 1997 and has more than 15 years in investment management. She has previously served as a vice president, regional investment manager and portfolio manager. Dion is a Certified Financial Advisor and is a member of the Boston Security Analysts Society and the Association for Investment Management and Research. A resident of North Yarmouth, Dion is chairperson of the town's planning board and serves on the board of trustees of a local church. She received her undergraduate degree in 1974 from Brandeis University in Waltham, Mass., and an MBA from Cornell University in Ithaca, N.Y., in 1981.
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PATRICIA L. DOWNING PROMOTED TO OFFICER AT BANKNORTH GROUP

Patricia L. Downing has been promoted to officer in the Direct Marketing Services Department at Banknorth Group, Inc. in Portland. She will continue to analyze and track results for bank promotions.

Downing joined Banknorth in 1996 and has five years in banking. She previously worked in corporate sales for L.L. Bean in Freeport. A resident of Portland and a native of Skowhegan, Downing is a 1970 graduate of Skowhegan High School and a 1971 graduate of Beals Business College in Bangor.
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STEPHEN L. EDDY NAMED SENIOR VP AT BANKNORTH INVESTMENT MANAGEMENT

Stephen L. Eddy has been promoted to senior vice president at Banknorth Investment Management Group, N.A. in Portland, a subsidiary of Banknorth Group, Inc. He will continue to direct Banknorth Funds, the company's proprietary mutual fund family.

Banknorth Investment Management Group provides investment management, trust and other wealth advisory services to individuals and businesses. The group has 22 offices in five states, including Maine, New Hampshire, Massachusetts, Vermont and New York. The group employs more than 200 and manages more than $8 billion in assets for its clients.

Eddy joined Banknorth in 1994 and has 12 years in banking. He has previously served as a vice president and manager of the retirement plan area of Banknorth Investment Management Group. A Scarborough resident, Eddy serves as treasurer of the board of directors for Day One and also is a member of the board of the MS Society of Maine. He is a 1984 graduate of Bates College in Lewiston, Maine. Originally from Simsbury, Conn., Eddy is a 1980 graduate of Simsbury High School.
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JULIE L. GOSSELIN PROMOTED TO ASSISTANT VICE PRESIDENT AT BANKNORTH

Julie L. Gosselin has been named an assistant vice president in the Marketing Department at Banknorth Group, Inc. in Portland. She will continue to manage the bank's direct marketing activities.

Gosselin, who joined Banknorth in 1999, has nearly three years in banking, previously serving as assistant marketing manager. She is a member of the Direct Marketing Association. A resident of Gray, Gosselin is a 1998 graduate of Ottawa University in Brookfield, Wis.
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NATHAN L. GRAHAM PROMOTED TO ASSISTANT VICE PRESIDENT AT BANKNORTH

Nathan L. Graham has been promoted to assistant vice president in the Finance Department at Banknorth Group, Inc. in Portland. He will continue to provide financial planning and analysis for Banknorth's non-banking lines of business, including Banknorth Investment Management Group, NA, and Bancnorth Investment Planning Group, Inc. as well as marketing and e-commerce.

Graham joined Banknorth in 2000 and previously served as an officer. He is a member of the American Institute of Certified Public Accountants. A resident of North Yarmouth, Graham is a 1989 graduate of the University of Vermont in Burlington and a 1985 graduate of Springfield High School, also in Vermont.
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SARAH M. GRASSI PROMOTED TO ASSISTANT VICE PRESIDENT AT BANKNORTH

Sarah M. Grassi has been promoted to assistant vice president in the Corporate Finance Department at Banknorth Group, Inc. in Portland. She will continue to be responsible for financial analysis, cost management and planning, as well as the allocation of expenses.

Grassi joined Banknorth in 2000. A resident of Westbrook, she is a 1982 graduate of Vermont Technical College in Randolph Center and a 1980 graduate of Portland High School.
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KELLY J. HARRINGTON PROMOTED TO OFFICER AT BANKNORTH GROUP

Kelly J. Harrington has been promoted to officer in the Direct Marketing Services Department at Banknorth Group, Inc. in Portland. She will continue to conduct promotional campaigns and analytical projects for Banknorth direct marketing programs and business lines.

Harrington joined Banknorth in 1992 and has nine years in banking. She has previously served as an information security network analyst, an information security administrator, a merchant services settlement clerk and a credit card customer service representative. A resident and native of Turner, Harrington is a 1985 graduate of Leavitt Area High School.
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PEGGY HORNER PROMOTED TO ASSISTANT VICE PRESIDENT AT BANKNORTH

Peggy Horner has been promoted to assistant vice president in the Finance Systems Department at Banknorth Group, Inc. in Portland and Lewiston. A finance business systems analyst, she will continue to maintain the infrastructure and integrity of the Banknorth general ledger.

Horner joined Banknorth in 1999 and has 14 years in banking. She previously served as a business analyst, an account reconciliation manager and a financial analyst for a banking group in Georgia. A Lewiston resident, Horner is a native of Ellsworth and a graduate of the DeKalb Institute of Technology in Decatur, Ga.
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DIANE G. JONES PROMOTED TO OFFICER AT BANKNORTH GROUP

Diane G. Jones has been promoted to officer in the Human Resources Department at Banknorth Group, Inc. in Portland. She will continue to design and administer compensation plans for bank employees.

Jones joined Banknorth in 1994 and has 12 years in banking. She previously served in retail sales for another bank. A native of Orono and a resident of Standish, Jones is a member of the Standish Lions Club. She is a graduate of the Georgia Institute of Technology in Atlanta and Woodland High School in Baileyville, Maine.
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