unit.” The new organization renewed its program of acquisitions. “As Banknorth expanded across the map of New England, the message remained the same: community banking values, enhanced by the resources of a major banking organization, create a better bank.” Acquisitions in the period included: Andover Bancorp, $1.8 billion company, 15 branches in Essex and Middlesex counties, Massachusetts, 2001 MetroWest, 17 branches in Boston western suburbs, slightly less than $1 billion in assets, 2001 Ipswich Bancshares, 8 branches north of Boston, 2002 Warren Bancorp, Essex County, Massachusetts, 2002 Community Insurance Agencies, Inc. May 2002 Bancorp Connecticut, seven branches and $663 million in assets, 2002 American Savings Bank, New Britain, Connecticut, 2003. Added $4 billion in assets and 47 branches in central Connecticut. CCBT Financial Companies, Parent company of Cape Cod Bank & Trust, with $1.4 billion in assets and 26 branches in Barnstable and Plymouth Counties, Massachusetts, 2003 Boston Federal Savings Bank, subsidiary of BostonFed Bancorp, Inc., with $1.7 billion in assets and $1.2 billion in deposits, and 16 branches in Middlesex, Norfolk, Essex, and Suffolk Counties, Massachusetts, 2004 In the 1990s and early 2000s, the emphasis was on the development of a financial services company in a true community bank setting. In 1997, the bank launched what would become Banknorth Insurance Group, and by 2002 built the largest insurance brokerage group in New England. By 2002, Banknorth Investment Management Group had grown out of the trust business of the Bank of New Hampshire and Banknorth Vermont's consolidated trusts operation, Stratevest. On December 31, 2001, the holding company, Banknorth Group, Inc., merged its seven subsidiary banks into one bank, Banknorth NA under the Peoples Heritage Bank charter dating back to 1852, with one OCC charter. Using locally relevant trade names retained the local identity in each state. TD acquisition On August 26, 2004, TD Bank Financial Group announced it had signed an agreement with Banknorth to acquire 51% of the outstanding shares of the company for a total of $3.8 billion US. Banknorth shareholders approved the transaction at a special meeting of shareholders on February 18, 2005, and final approval was announced on March 1, 2005. In connection with the transaction, Banknorth changed its name to TD Banknorth Inc. and reincorporated in Delaware. All remaining shares of TD Banknorth were acquired by Toronto-Dominion Bank on April 20, 2007. Continued growth In July 2005, TD Banknorth announced that it had acquired Hudson