Banknorth Group, Burlington, Vt., said Luther F. Hackett will retire as chairman after the May 12 annual meeting.

Mr. Hackett, who is president of Hackett, Valine & MacDonald, an insurance firm, will remain a director of $2.9 billion-asset Banknorth.

He has been chairman since it was established in 1989. Before that he had been chairman since 1983 of Howard Bancorp and its Howard Bank, now a Banknorth subsidiary.

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