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For Immediate Release
February 13, 2003

Contact:
Brian Arsenault
(207) 761-8517
E-mail: barsenault@banknorth.com

Web Site: http://www.banknorth.com/investment

R. Michael Bonacorsi of Bancnorth Investment Planning Certified by National Board of Standards

MILFORD, New Hampshire - R. Michael Bonacorsi of Bancnorth Investment Planning Group in Milford has been designated as a Certified Financial Planner by the Certified Financial Planner Board of Standards Inc. He is now permitted to use the certification marks CFP¨ and Certified Financial Planner™.

Bonacorsi, who has nine years in banking, provides investment and financial planning advice to clients throughout southern New Hampshire. He is a resident of Merrimack, N.H.

Bancnorth Investment Planning provides businesses and individuals with financial products and services at Bank of New Hampshire and other Banknorth Group-affiliated banks in New England and New York State. Bancnorth Investment Planning's areas of expertise include asset allocation, tax-advantaged investing, and planning for retirement, insurance and college savings.

Bonacorsi earned the right to use the certification marks by meeting rigorous experience and ethical requirements, successfully completing financial planning coursework and passing the CFP¨ Certification Examination. The exam covered the following areas: the financial planning process, risk management, investments, tax planning and management, retirement and employee benefits, and estate planning. CFP certificants must also agree to meet ongoing continuing education requirements and to uphold the CFP Board's Code of Ethics and Professional Responsibility and Financial Planning Practice Standards.

Banknorth Group, Inc. (NYSE: BNK) is one of the country's 35 largest commercial banking companies with $23.4 billion in assets. Banknorth, N.A., is the parent company of Bank of New Hampshire and other banking divisions in Maine, Massachusetts, Connecticut, Vermont and upstate New York. The company and its banking affiliates operates subsidiaries in insurance (Banknorth Insurance Group), a money management firm (Banknorth Investment Management Group, NA), 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 the company online at www.banknorth.com.

The Certified Financial Planner Board of Standards Inc., a professional regulatory organization, fosters professional standards in personal financial planning so that the public values, has access to and benefits from competent financial planning. CFP Board owns the certification marks CFP¨, Certified Financial Planner™ and CFP (with flame logo)¨. As of April 2002, there were 39,402 individuals authorized to use these marks in the U.S.

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Investment and insurance products are not bank deposits, are not insured by the FDIC or any federal government agency, are not obligations of nor guaranteed by an bank or bank affiliate, and may involved risk, including the possible loss of value or principal amount invested. Securities and some insurance annuity products offered through Banknorth, N.A. and Bancorth Investment Planning Group are provided by PrimeVest Financial Services, Inc., an independent registered broker/deal. Member SIPC.









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