Andover Business - Andover Bank

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  • Andover Savings Bank was founded in 1834
  • Simplified its name to Andover Bank in 1991
  • Went public on May 8, 1986, with the symbol ANDB on NASDAQ.
    • The value of each share on May 8, 1986: bid 17 1/8; ask 17 3/8
  • Andover Bank (ANDB) was officially bought by BankNorth Group of Portland, Maine on October 31, 2001. Because it is no longer sold, Andover Bank stock is not listed on Bigcharts.
  • Formally became BankNorth (BNK) in February of 2002; BNK is sold on the NYSE
    • At the closing 2.27 shares of Banknorth was exchanged for one share of Andover's stock.
  • The name was changed to TD Banknorth in 2005.
  • The name was changed to TD Bank September 2009; Tronto-Dominion Bank is sold on the NYSE and the symbol is TD.
  • Last President of Andover Bank was Gerald T. Mulligan


See

  • Andover Townsman, May 22, 1986.
  • Andover Townsman, June 14, 2001
  • Andover Townsman, November 15, 2001.
  • Andover: A Century of Change by Eleanor Motley Richardson, (974.45 Ric),page 133 - 134 and page 222.


--Eleanor 14:57, August 24, 2011 (EDT) back to Main Page

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