Merchants Bancshares announces dividend declaration of 28 cents per share

first_imgMerchants Bancshares, Inc. (NASDAQ: MBVT), the parent company of Merchants Bank, announced that its Board of Directors declared on January 20, 2011, a dividend of 28 cents per share, payable February 17, 2011, to shareholders of record as of February 3, 2011. Merchants plans to release earnings on or about January 26, 2011.Michael R. Tuttle, Merchants’ President and Chief Executive Officer, and Janet P. Spitler, Merchants’ Chief Financial Officer, will host a conference call to discuss these earnings results at 10:00 a.m. Eastern Time on Friday, January 28, 2011. Interested parties may participate in the conference call by dialing (800) 553-0327; the title of the call is Merchants Bancshares, Inc. Earnings Call. Participants are asked to call a few minutes prior to register. A replay will be available until noon on Friday, February 4, 2011. The U.S. replay dial-in telephone number is (800) 475-6701. The international replay telephone number is (320) 365-3844. The replay access code for both replay telephone numbers is 188055.Merchants also announced the extension, through January 2012, of its stock buyback program, originally adopted in January 2007. Under the program Merchants may repurchase 200,000 shares of its common stock on the open market from time to time, and had purchased 143,475 shares during 2010. Although Merchants did not repurchase any of its shares during the fourth quarter of 2010, and does not expect to repurchase shares in the near future, Merchants wanted to preserve the flexibility of an active buyback program.Vermont Matters. Merchants Bank strives to fulfill its role as the state’s leading independent community bank through a wide range of initiatives. The bank supports organizations throughout Vermont in addressing essential needs, sustaining community programs, providing small business and job start capital, funding financial literacy education and delivering enrichment through local sports activities.Merchants Bank was established in 1849 in Burlington, Vermont. Its continuing mission is to provide Vermonters with a statewide community bank that combines a strong technology platform with a genuine appreciation for local markets. Merchants Bank delivers this commitment through a branch-based system that includes: 34 community bank offices and 43 ATMs throughout Vermont; local branch presidents and personal bankers dedicated to high-quality customer service; free online banking, phone banking, and electronic bill payment services; high-value depositing programs that feature Free Checking for Life®, Cash Rewards Checking, Rewards Checking for Business, business cash management, money market accounts, health savings accounts, certificates of deposit, Flexible CD, IRAs, and overdraft assurance; feature-rich loan programs including mortgages, home equity credit, vehicle loans, personal and small business loans and lines of credit; and merchant card processing. Merchants Bank offers a strong set of commercial and government banking solutions, delivered by experienced banking officers in markets throughout the state; these teams provide customized financing for medium-to-large companies, non-profits, cities, towns, and school districts. Merchants Trust Company, a division of Merchants Bank, provides investment management, financial planning and trustee services. Please visit www.mbvt.com(link is external) for access to Merchants Bank information, programs, and services. Merchants’ stock is traded on the NASDAQ National Market system under the symbol MBVT. Member FDIC. Equal Housing Lender.Some of the statements contained in this press release may constitute forward-looking statements. Forward-looking statements relate to expectations, beliefs, projections, future plans and strategies, anticipated events or trends and similar expressions concerning matters that are not historical facts. The forward-looking statements reflect Merchants’ current views about future events and are subject to risks, uncertainties, assumptions and changes in circumstances that may cause Merchants’ actual results to differ significantly from those expressed in any forward-looking statement. Forward-looking statements should not be relied on since they involve known and unknown risks, uncertainties and other factors that are, in some cases, beyond Merchants’ control and which could materially affect actual results. The factors that could cause actual results to differ materially from current expectations include changes in general economic conditions in Vermont, changes in interest rates, changes in competitive product and pricing pressures among financial institutions within Merchants’ markets, and changes in the financial condition of Merchants’ borrowers. The forward-looking statements contained herein represent Merchants’ judgment as of the date of this release, and Merchants cautions readers not to place undue reliance on such statements. For further information, please refer to Merchants’ reports filed with the Securities and Exchange Commission.SOUTH BURLINGTON, VT–(Marketwire – January 21, 2011) –last_img read more

Other Sports Lewis Hamilton wins Bahrain Grand Prix after Ferrari’s Charles Leclerc suffers engine problem

first_imgCharles Leclerc finished in third position, his first podium in F1.Lewis Hamilton and Valterri Bottas have won the first two races of 2019 F1 season.Sebastian Vettel, five-time world champion, finished in fifth. Four-time champion Sebastian Vettel finished fifth in the second Ferrari, after a late spin had damaged his front wing during a duel with Hamilton, ahead of British rookie Lando Norris who scored his first points for McLaren in sixth. Kimi Raikkonen, 39, was seventh for Alfa Romeo ahead of Pierre Gasly of Red Bull, Thailand’s rookie Alex Albon of Toro Rosso, who also had his first points finish, and Mexican Sergio Perez of Racing Line. “That was extremely unfortunate for Charles, he drove a great race,” said Hamilton, on the team radio. “We’ve got work to do to keep these guys off our tails. It must be devastating for Charles.” It was Leclerc’s first podium finish in F1 and he also scored a point for fastest lap. Bottas stayed on top in the drivers championship, one point ahead of Hamilton. “That was extremely unfortunate for Charles, he drove a great race,” Hamilton said over the radio. highlights Sakhir: Defending world champion Lewis Hamilton took advantage of Ferrari new boy Charles Leclerc’s wretched misfortune on Sunday when he claimed a dramatic victory for Mercedes in the Bahrain Grand Prix. The five-time champion, who looked to be heading for second behind the 21-year-old Monegasque, gained the lead with 10 laps remaining when Formula One’s new star, who claimed a record-breaking pole position for Ferrari on Saturday, was hit by engine problems. As he slowed, Hamilton hunted him down to claim his first win of the season, his third at the Bahrain International Circuit and the 74th of his career ahead of his Mercedes team-mate Valtteri Bottas, who won the season-opening Australian Grand Prix. Leclerc came home third as the race finished behind a Safety Car, following the spectacular late exit of both Renaults at Turn Two, ahead of Max Verstappen of Red Bull. “It happens,” said a calm Leclerc afterwards. “It’s part of motor sport. It’s a very hard one to take, but I am sure we will come back stronger.” For all the Latest Sports News News, Other Sports News, Download News Nation Android and iOS Mobile Apps.last_img read more