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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, K - P

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.


BRENDA J. LAGERSON PROMOTED TO ASSISTANT VICE PRESIDENT AT BANKNORTH

Brenda J. Lagerson has been promoted to assistant vice president in the Loan Operations Department at Banknorth Group, Inc. in Lewiston. An applications support analyst, she will continue to provide analytical and programming support for Banknorth's consumer loan system.

Lagerson joined Banknorth in 1991 and has 10 years in banking. She has previously served as a real estate compliance specialist, an investor accounting specialist, a secondary market clerk and a secondary market sales clerk. She began her banking career as a teller for Peoples Heritage Bank, a Banknorth subsidiary. A resident of Greene, Lagerson received a bachelor's degree in public accounting in 1998 from Husson College in Portland. She is a 1989 graduate of Lewiston High School.
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MARK L. LAPOINTE PROMOTED TO ASSISTANT VICE PRESIDENT AT BANKNORTH GROUP

Mark L. LaPointe has been named assistant vice president of consumer loans at Banknorth Group, Inc. in Portland. He will continue to be responsible for acquiring consumer loan contracts for the company throughout New England.

LaPointe joined Banknorth Group in 1997 and has 12 years in banking. He has served previously as a loan officer and business development officer. A resident of Portland, LaPointe serves on the board of directors of Mad Horse Theater. He is a 1989 graduate of Thomas College in Waterville and a 1985 graduate of Gardiner Area High School.
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PATRICIA M. LIBBY PROMOTED TO VICE PRESIDENT AT BANKNORTH GROUP

Patricia M. Libby has been promoted to vice president in the Human Resources Department at Banknorth Group, Inc. in Portland. She will continue to provide general human resources support for Banknorth in areas such as employee recruitment, benefits and compensation.

Libby joined Banknorth in 1994 and has 15 years in banking. She previously served as assistant vice president. She also has served as a training specialist, a telebanking representative and a teller for another Maine bank. A resident of Kennebunk and a native of Arundel, Libby is a member of the Human Resources Association of Southern Maine. She is a 1983 graduate of Biddeford High School and a 1987 graduate of the University of Southern Maine in Portland.

# # #

KEITH P. MALONE PROMOTED TO ASSISTANT VICE PRESIDENT AT BANKNORTH

Keith P. Malone has been promoted to assistant vice president in the Finance Department at Banknorth Group, Inc. in Portland. He will continue to be responsible for financial reporting.

Malone joined Banknorth in January and previously served as an officer. A resident of Yarmouth, Malone is a 1981 graduate of the University of Southern Maine in Portland.

# # #

LYDIA B. McILWAIN PROMOTED TO OFFICER AT BANKNORTH GROUP

Lydia B. McIlwain has been promoted to officer in the Legal Department at Banknorth Group, Inc. in Portland.
A paralegal, she will continue to be responsible for corporate governance and intellectual properties.
McIlwain joined Banknorth in 1998 and previously served as an associate paralegal. She is a member of the National Association of Legal Assistants.

A resident of Portland, McIlwain is a 1997 graduate of the University of Southern Maine in Portland.

# # #

DEBBIE A. MURRAY NAMED AN ASSISTANT VICE PRESIDENT AT BANKNORTH

Debbie A. Murray has been named an assistant vice president in the Information Technology Department at Banknorth Group, Inc. in Portland. A project manager, she will continue to oversee infrastructure projects, as well as manage department assets and the technology capital budget.

Murray joined Banknorth in 2000. She previously has served as an assistant project manager for a large insurance company, a corporate training director and accounts receivable manager for a Maine-based lumber company, and an assistant basketball coach at Boston University. A resident of Yarmouth, Murray is a 1990 graduate of Colby College in Waterville.

# # #

MICHELLE M. MURRAY PROMOTED TO OFFICER AT BANKNORTH GROUP

Michelle M. Murray has been promoted to officer in the Marketing Department at Banknorth Group, Inc. in Portland. She will continue to serve as a product manager.

Murray joined Banknorth in 1999 and previously served as an administrative assistant and an associate product manager. A resident of Portland, Murray volunteers at Reiche Elementary School in Portland. She is a 1997 graduate of the Catholic University of America in Washington, D.C.

# # #

LEO F. MURAWSKI PROMOTED TO ASSISTANT VICE PRESIDENT AT BANKNORTH

Leo F. Murawski has been promoted to assistant vice president in the Consumer Lending Department at Banknorth Group, Inc. in Portland. He will continue to be responsible for evaluating consumer loans and dealer development.

Murawski joined Banknorth in 1995 and has six years in banking. A resident of Westbrook, he is a 1976 graduate of Clark University in Worcester, Mass.

# # #

REGINA NAPPI PROMOTED TO VICE PRESIDENT AT BANKNORTH

Regina Nappi has been promoted to vice president in the Legal Department at Banknorth Group, Inc. in Portland. A staff attorney, she will continue to provide legal advice and assistance to Banknorth companies and affiliates in six states.

Nappi joined Banknorth in 2000. She has more than 15 years of management and law experience in the public and private sector and in the defense industry. She is a member of the American Bar Association and the Maine State Bar Association.

A resident of Windham, Nappi is a member of the homeowners and sewer association for her neighborhood. She is a 1982 graduate of the University of Maine Law School, a 1978 graduate of the University of Southern Maine and a 1974 graduate of Deering High School, all in Portland.

# # #

BRIAN E. OWENS PROMOTED TO ASSISTANT VICE PRESIDENT AT BANKNORTH

Brian E. Owens has been promoted to assistant vice president in the eCommerce Development, Cash Management and Small Business Banking departments at Banknorth Group, Inc. in Portland. He is responsible for strategically researching, defining, developing and implementing online functionality in his role as an e-commerce consultant to cash management and small business banking.

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.

Owens joined Banknorth in 2000 and has previously served as an analyst and an operations specialist. A resident of Portland, he is active in the March of Dimes and the U.S. Marine Corps Toys for Tots program.
Owens is a 1994 graduate of Franklin Pierce College in Rindge, N.H., and a 1989 graduate of Boston College High School in South Boston.

# # #

LARRY D. PELLETIER NAMED SENIOR VP AT BANKNORTH INVESTMENT MANAGEMENT

Larry D. Pelletier has been promoted to senior vice president at Banknorth Investment Management Group, N.A. in Lewiston, a subsidiary of Portland-based Banknorth Group, Inc. He will oversee business development and sales activities in Maine as well as the administrative services throughout the state.

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.

Pelletier joined Banknorth in 1994 and has 28 years in banking. A certified financial planner, he has previously served as a vice president and a financial consultant in Lewiston.

A Falmouth resident, Pelletier is a member of the Funds Development Committee for Rural Community Action Ministry (RCAM), a United Way agency. He received industry certifications in 1992 from the Cannon Trust School in Myrtle Beach, S.C., and in 1993 from the Cannon Trust School of Advanced Administration at the University of North Carolina in Charlotte, N.C. Pelletier also is a 1987 graduate of the College for Financial Planning in Denver. In addition, he attended Gordon College in Wenham, Mass. A native of Lewiston, Pelletier is a 1968 graduate of Lewiston High School.

# # #

NICHOLAS H. PENFIELD PROMOTED TO VICE PRESIDENT AT BANKNORTH GROUP

Nicholas H. Penfield has been promoted to vice president in the Recovery and Bankruptcy Department at Banknorth Group, Inc. in Portland. He will continue to manage the department.

Penfield joined Banknorth in 1996 and has five years in banking. He previously served as assistant vice president in the Recovery and Bankruptcy Department. A resident of Portland, Penfield is a 1992 graduate of Denison University in Granville, Ohio. He is a native of Litchfield, Conn.

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