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

Dodgers’ Walker Buehler looks strong in late spring debut

first_img Dodgers’ Max Muncy trying to work his way out of slow start “Mike’s just one of the best guys,” Freese said. “When I got traded over there, that was one of my first thoughts, ‘What type of guy is Mike Trout?’ He’s everything you hope he’d be. Him and his family deserve it all. I think he’s where he wants to be.”There had been speculation that Trout would bolt Anaheim when he could become a free agent in two years and sign with either the Yankees (he grew up a Derek Jeter fan) or Phillies (closest to his hometown in New Jersey). Tuesday’s news ended that speculation.“I have buddies back home that’d ask me, ‘What do you think Trout is going to do?’ ” Freese said. “I’d tell them how big a family man he is and everything. I just think he enjoys both sides of it. I think he enjoys being out here and he obviously enjoys being in Jersey and being home and doing all that. But I think he truly enjoys it, enjoys what that area (Orange County) is all about, what that team is all about.”ALSOReliever Josh Fields has signed a minor-league deal with an invitation to the remaining days of big-league camp with the Milwaukee Brewers. Fields was released by the Dodgers last week. The calendar only allows for one more. Dodgers manager Dave Roberts said Buehler will start one of the games in the Freeway Series (most likely Monday) and build up to four innings or approximately 60 pitches. His next start will be in the first series of the regular season against the Arizona Diamondbacks.“Yeah, at some point you’ve got to be ready to go. I’ll be fine,” he said.“I told you guys a while back – once I’m kind of going, I’m going. As long as I get the feel, I think I’ll be fine.”TROUT TALKDodgers first baseman David Freese spent two seasons with the Angels, watching Mike Trout win his first MVP award in 2014 (and finish second in 2015). The two still “text randomly” but Freese got the news about Trout’s record-breaking extension through a text from another friend.“My buddy texted me this morning,” Freese said. “He just texted, ‘TROUT!’ and I thought, ‘Oh … did he sign?’ Then I looked it up.“Just super pumped for him.”Freese was traded from the Cardinals to the Angels before the 2014 season. Changing leagues, he was initially curious about the young superstar.Related Articles “Just beyond electric. The ball just explodes out of his hand. Supreme stuff,” Martin said. “I can’t remember ever catching somebody who has that variety of electric stuff – when you talk about the heater, the two-seamer, the cutter, curveball, slider. Everything is sharp. It’s amazing.“If it gets better than that – wow.”There won’t be much time for it to get too much better.Buehler arrived at spring training with “some hangover stuff from last year” and wasn’t feeling right in his early throwing sessions. He was shut down temporarily and then “slow-played” until his Cactus League debut Tuesday.“You always want to be on time. You want to get all the innings you need,” said Buehler who didn’t progress on schedule last spring training either due to a back injury suffered before he reported. “But I felt pretty good. The ball was coming out of my hand alright. Get one or two more and we’ll be ready to go.” Dodgers hit seven home runs, sweep Colorado Rockies Fire danger is on Dave Roberts’ mind as Dodgers head to San Francisco center_img Cody Bellinger homer gives Dodgers their first walkoff win of season How Dodgers pitcher Ross Stripling topped the baseball podcast empire GLENDALE, Ariz. — The Dodgers ace-in-waiting has done more waiting than pitching this spring.But right-hander Walker Buehler finally got in a game Tuesday night, throwing 46 pitches over 2-2/3 innings (many traveling a healthy 98 mph). He gave up three singles, struck out two and was charged with a run when his last baserunner eventually scored.“It was good – a little erratic, a little all over the place,” Buehler said. “But that’s what these games are for.”It might have been Buehler’s first game action of the spring but veteran catcher Russell Martin didn’t see a young pitcher trying to find his way. Newsroom GuidelinesNews TipsContact UsReport an Errorlast_img read more