Banknorth Vermont
FRB: Press Release -- Approval of the proposal of Peoples Heritage Financial Group -- April 24, 2000
The Federal Reserve Board today announced its approval of the proposal of Peoples Heritage Financial Group, Portland, Maine, to acquire Banknorth Group, Inc., Burlington, Vermont, and its banking and nonbanking subsidiaries. ... [Read More]
Small Business Administration
Following the terrorist attack of September 11, 2001, the U.S. economy was further undermined by fear and uncertainty. Economic recession became a reality. “We watched almost all of our competitors go out of business,” Cope said. But quitting was not a Cope option. She sought financial backing and received it in the form of an SBA-guaranteed loan from Banknorth. Cope and her associates put all their resources into staying in business and managed to outlast the worst of the recession. “Without the support of SBA and Banknorth, we might not have madeit, Cope acknowledged. But our income is climbing back up, and this month will be our second highest month in all 14 years of business.”Cope & Associates, now expanded to a staff of 8, have not merely lasted, they’ve scored a number of benchmark achievements. In 2002, they assisted the Vermont Captive Insurance Association in its quest for an educational initiative that would increase the competencies of captive professionals worldwide. In ju ... [Read More]
OCC: About the OCC - Map of Districts
Responsible for the largest national banks including Bank of America Corporation, Banknorth Group, Inc., Barclays Global Investors, Charter One Financial Inc., Citigroup, Inc., First Horizon National Corporation, Harris Bank, Hibernia Corporation, HSBC Group, Huntington Bancshares, Inc., J.P. Morgan Chase & Company, KeyCorp, LaSalle Bank Corporation, MBNA Corporation, Mellon Financial Corporation, National City Corporation, National Commerce Financial Corporation, The PNC Financial Services Group, Inc., Treasury Bank, U.S. Bancorp, Union Planters Corporation, UnionBanCal Corporation, Wachovia Corporation, Wells Fargo & Company, and Zions Bancorporation. ... [Read More]
FRB: Press Release -- Approval of application of Chittenden Corporation -- May 12, 1999
15 The Board previously has indicated that, when analyzing the competitive effects of a proposal, it may consider the competition of savings associations at a level greater than 50 percent of the savings association's deposits if appropriate. See, e.g., Banknorth Group, Inc. , 73 Federal Reserve Bulletin 703 (1989). This savings association controls deposits of approximately $252.7 million and accounted for more than 30 percent of all small business loans originated in the market from September 1997 to June 1998. On the basis of 100-percent deposit weighting, this savings association is the third largest depository institution in the market, with 30.9 percent of market deposits, and Chittenden would become the second largest depository institution in the market, with 27.8 percent of market deposits. In this light, the post-merger HHI would increase 277 points to 2314. ... [Read More]
Listing Sorted by Cite
MEMORANDUM OF DECISIONSUSTAINING THE DEBTORS' OBJECTION TO BANKNORTH'S PROOF OF CLAIM andOVERRULING BANKNORTH'S OBJECTION TO CONFIRMATION ... In re: LaVictoire Drilling & Blasting, Inc. Debtor.CIT Financial USA, Inc., Plaintiff,v.Banknorth, N.A., Defendant. ... [Read More]
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