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
October 26, 2000

Contact:

Beryl Wolfe
(207) 775-5115

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

Peter Sparta Named President of Morse, Payson & Noyes Insurance

Contact: Brian Arsenault, Sr. V.P. Banknorth Group, (207) 761-8517
Peter Sparta, President, Morse, Payson & Noyes Insurance, (207) 775-6000

SOUTH PORTLAND, Maine (Oct. 26, 2000) - Morse, Payson & Noyes Insurance announced today that Peter L. Sparta has been named president of the company. Sparta, who formerly served as regional vice president for Maine, joined the company in 1984 and has more than 20 years in insurance and finance. He replaces John R. Curran, who served as president since 1996 and is retiring from the company.

A wholly-owned subsidiary of Peoples Heritage Bank with offices throughout Maine, New Hampshire, Massachusetts and soon Connecticut, Morse, Payson & Noyes Insurance was incorporated in 1910 and is one of the 50 largest insurance agencies in the U.S.

"Peter Sparta is a proven leader and has a strong record of accomplishments here in Maine," said Andrew "Mickey" Greene, Executive Vice President of Insurance and Investments of Banknorth Group, Inc., the parent company of Peoples Heritage Bank. "So his ability to lead us through further expansions and solid growth in New England is a definite plus and will enable us to better serve our valuable customers."

In his career at Morse, Payson & Noyes, Sparta has managed claims, overseen personal insurance and also served as branch manager of the firm's Auburn branch. In 1993, he was appointed a director of the company, and in late 1999, he was named regional vice president to oversee Maine operations. A resident of Portland, Sparta is a 1977 graduate of the University of Maine at Orono.

Headquartered on John Roberts Road in South Portland, Morse, Payson & Noyes is now the largest insurance broker in Maine and in New England. Last month, its parent company Banknorth Group, announced the acquisition of The Watson Group, based in Wethersfield, Conn., and in June, the company announced the purchase of Palmer Goodell Insurance in Springfield, Mass. Other insurance acquisitions include Catalano Insurance, Inc. of Methuen, Mass., and A.D. Davis, Inc. of North Conway, New Hampshire.

"The growth of our insurance agency business is a key part of our being a full- service financial services company," said William J. Ryan, chairman, president and chief executive officer of Banknorth Group. "So it's important for us to have a leader like Peter Sparta to not only continue along that growth cycle, but to help manage these acquisitions and at the same time provide a high level of service to our customers, which is always our goal."

Banknorth Group, Inc., headquartered in Portland, Maine, is one of the country's 50 largest commercial banks with $18.5 billion in assets. Its Maine and New Hampshire banking subsidiaries, Peoples Heritage Bank, NA and Bank of New Hampshire, NA, each have the number one deposit market position in their respective states. The Company's Vermont Banks, the Howard Bank, NA, and Franklin Lamoille Bank, NA, combined have that state's second largest deposit market share. First Massachusetts Bank, NA, is one of the six largest banks in Massachusetts. The Company also operates in upstate New York through Evergreen Bank, NA, and in north central Connecticut with GBT, a division of First Massachusetts Bank, NA.

In addition to insurance, the Company and its banking affiliates also operate subsidiaries in investments (Heritage Investment Planning Group), trust and money management services (The Stratevest Group), and leasing.
# # #


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.