8-K

                                UNITED STATES
                     SECURITIES AND EXCHANGE COMMISSION

                           Washington, D.C.  20549

                                  FORM 8-K

                               CURRENT REPORT
                       PURSUANT TO SECTION 13 OR 15(d)
                   OF THE SECURITIES EXCHANGE ACT OF 1934



                              November 16, 2000
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                     (Date of earliest event reported)


                            Banknorth Group, Inc.
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          (Exact name of registrant as specified in its charter)


Maine                                  0-16947                 01-0437984
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(State or other jurisdiction   (Commission File Number)        IRS Employer
of incorporation)                                          Identification No.)



P.O. Box 9540, Two Portland Square, Portland, Maine            04112-9540
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(Address of principal executive offices)                       (Zip Code)


                               (207) 761-8500
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            (Registrant's telephone number, including area code)


                               Not Applicable
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(Former name, former address and former fiscal year, if changed since last
report)








Item 5. Other Events

      On November 16, 2000, Banknorth Group, Inc. issued the press release
included as Exhibit 99 to this Current Report on Form 8-K.


Item 7.   Financial Statements, Pro Forma Financial Information and Exhibits

      (a) Not applicable.

      (b) Not applicable.

      (c) The following exhibit is included with this Report:


    Exhibit 99     Press Release, dated November 16, 2000





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                                  SIGNATURES


    Pursuant to the requirements of the Securities Exchange Act of 1934, the
Registrant has duly caused this report to be signed on its behalf by the
undersigned thereunto duly authorized.


                         BANKNORTH GROUP, INC.



                         By:   /s/ Peter J. Verrill
                            -------------------------------
                            Name:  Peter J. Verrill
                            Title: Executive Vice President, Chief Operating
                                   Officer and Chief Financial Officer

Date:  November 16, 2000





















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EX-99

                                                                    EXHIBIT 99



                             For Immediate Release
                       For Further Information, Contact
                Brian Arsenault, SVP, Corporate Communications
                                 207 761-8517




                      Banknorth Group to Repurchase Up to
                       4 Million Shares of Common Stock

Portland, Maine, November 16, 2000 - Banknorth Group, Inc. (NASDAQ: BKNG)
announced today that its Board of Directors has authorized the repurchase of
up to 4 million shares, or approximately 3 percent, of the Company's common
stock.  Shares will be repurchased from time to time in open market
transactions as, in the judgement of management, market conditions warrant.

"We think it is very important to manage our capital in the best interest of
our shareholders," said William J. Ryan, Company Chairman, President and Chief
Executive Officer.  "Management believes that the current price of our stock
does not adequately reflect our long-term business and earnings prospects.  We
are fortunate to have the financial flexibility that allows us to demonstrate
our confidence in those future prospects."

The Company recently repurchased 625,000 shares of its common stock.

Banknorth Group, 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, respectively, each have the number one deposit market position
in their respective states.  The Company's Vermont banks, The Howard Bank, NA,
Franklin Lamoille Bank, NA and First Vermont 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.



The Company and its subsidiary banks also operate subsidiaries in insurance
brokerage through Morse, Payson & Noyes Insurance, the region's largest
independent insurance agency, money management through The Stratevest Group,
NA, mortgage banking and leasing.

(Note on forward-looking statements: This news release contains forward-
looking statements. Actual results may vary materially from those statements.
Factors which could result in material variations include but are not limited
to changes in interest rates which could affect net interest margins and net
interest income; competitive factors which could affect net interest income
and noninterest income; and general economic conditions which could negatively
affect the volume of loan originations, the amount of loan losses and levels
of noninterest income.)

                                    (end)



























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