M&A Deal Summary

Peoples Heritage Financial Group Acquires Banknorth Group

On May 10, 2000, Peoples Heritage Financial Group acquired financial services company Banknorth Group

Acquisition Highlights
  • This is Peoples Heritage Financial Group’s 1st transaction in the Financial Services sector.
  • This is Peoples Heritage Financial Group’s 1st transaction in the United States.
  • This is Peoples Heritage Financial Group’s 1st transaction in Vermont.

M&A Deal Summary
Date 2000-05-10
Target Banknorth Group
Sector Financial Services
Buyer(s) Peoples Heritage Financial Group
Deal Type Add-on Acquisition

Target

Banknorth Group

Burlington, Vermont, United States
Banknorth Group, Inc., along with its subsidiaries, provided various loans, deposits, investment products, and trust services.

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Buyer(S) 1

Buyer

Peoples Heritage Financial Group

Springfield, Massachusetts, United States
Category Company
Sector Financial Services
DESCRIPTION

Peoples Heritage Financial Group which perform commercial banking operations, investment advisory services, trust services, mortgage banking, investment banking services and other related financial activities.

DEAL STATS #
Overall 1 of 1
Sector (Financial Services) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Vermont) 1 of 1
Country (United States) 1 of 1
Year (2000) 1 of 1
Mergr

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Company

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