EXHIBIT 21
Information relating to certain of the subsidiaries of Banknorth Group, Inc. as of December 31, 2004 is set forth below. All of the indicated subsidiaries are directly or indirectly wholly-owned by Banknorth Group, Inc., except as indicated below.
| Direct Subsidiaries: | ||
Name | Jurisdiction of Incorporation | |
| Banknorth, NA | United States | |
| Peoples Heritage Capital Trust I | Delaware | |
| Banknorth Capital Trust I | Delaware | |
| Banknorth Capital Trust II | Delaware | |
| Ipswich Statutory Trust I | Connecticut | |
| Cape Cod Capital Trust 1 | Vermont | |
| Northgroup Captive Insurance, Inc. | Connecticut | |
| Northgroup Realty, Inc. | Vermont | |
| Indirect Subsidiaries: | ||
Name | Jurisdiction of Incorporation | |
| Bancnorth Investment Planning Group, Inc. (1)(2) | Maine | |
| Banknorth Leasing Corp. (1) | Maine | |
| Banknorth Insurance Group (1)(3) | Maine | |
| Northgroup Asset Management Company (1)(4) | Maine |
| (1) | Subsidiary of Banknorth, NA. | |
| (2) | Holds as a subsidiary Bancnorth Investment and Insurance Agency, Inc., a Massachusetts corporation. | |
| (3) | Holds as subsidiaries Morse, Payson & Noyes Insurance, a Maine corporation, and Banknorth Insurance Agency, Inc./MA, a Massachusetts corporation. | |
| (4) | Owns 100% of the common securities of Northgroup Preferred Capital Corp., a Maine corporation which has qualified as a real estate investment trust under the Internal Revenue Code. Banknorth, NA owns 87% of the preferred securities of Northgroup Preferred Capital Corp. |