Exhibit 99.1




CORRECTING AND REPLACING PRESS RELEASE DATED OCTOBER 28, 2004

PORTLAND, Maine-November 1, 2004--Banknorth Group, Inc. (NYSE:BNK) announced
today that Peter Verrill, Chief Operating Officer, and Steve Boyle, Chief
Financial Officer, will present at the BancAnalysts Association of Boston
Annual Conference at the Langham Hotel in Boston from 1:15 p.m. - 1:55 p.m.
on Thursday, November 4, 2004.

A live webcast of the conference will be available at
http://www.wsw.com/webcast/baab4/bnk. Shortly after the conference, a replay
of the webcast will be available for a period of 60 days from the Investor
Relations section of the Banknorth website at http://www.banknorth.com.

At September 30, 2004, Banknorth Group, Inc. headquartered in Portland, Maine
had $29.0 billion in assets. Banknorth's banking subsidiary, Banknorth, N.A.,
operates banking divisions in Connecticut (Banknorth Connecticut); Maine
(Peoples Heritage Bank); Massachusetts (Banknorth Massachusetts); New
Hampshire (Bank of New Hampshire); New York (Evergreen Bank); and Vermont
(Banknorth Vermont). The Company and Banknorth, N.A. also operate subsidiaries
and divisions in insurance, money management, merchant services, mortgage
banking, government banking and other financial services and offer investment
products in association with PrimeVest Financial Services, Inc. The Company's
website is at www.banknorth.com.

CONTACT:  Banknorth Group, Inc.
          Jeffrey Nathanson, (207) 761-8517