Banknorth Group Inc. Names Executive

Banknorth Group Inc., Burlington, Vt., has elected Angelo P. Pizzagalli, president and chief operating officer of Pizzagalli Constuction Co. in South Burlington, to become chairman of the banking company on May 28.

Mr. Pizzagalli has been chairman of its executive committee since 1991. He became a director in 1989, when Banknorth merged with Howard Bancorp; he had been a Howard Bank director since 1969.

At $2.96 billion-asset BankNorth he will succeed Luther F. Hackett, who had announced in March that he would step down. Mr. Hackett will remain a director.

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