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Merchants Bancshares declares 28-cent dividend

first_imgSOUTH BURLINGTON, VT–(Marketwire – October 20, 2011) – Merchants Bancshares, Inc. (NASDAQ: MBVT), the parent company of Merchants Bank, announced that its Board of Directors declared today, October 20, 2011, a dividend of 28 cents per share, payable November 17, 2011, to shareholders of record as of November 3, 2011. Merchants plans to release earnings on or about October 25, 2011.Michael R. Tuttle, Merchants’ President and Chief Executive Officer, Janet P. Spitler, Merchants’ Chief Financial Officer and Geoffrey R. Hesslink, Executive Vice President and Senior Lender of Merchants will host a conference call to discuss these earnings results at 10:00 a.m. Eastern Time on Friday, October 28, 2011. Interested parties may participate in the conference call by dialing U.S. number (800) 230-1074; 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, November 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 200986.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 40 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 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 comm ercial 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.Certain statements contained in this press release that are not historical facts may constitute forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and are intended to be covered by the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements involve risks and uncertainties. These statements, which are based on certain assumptions and describe Merchants’ future plans, strategies and expectations, can generally be identified by the use of the words “may,” “will,” “should,” “could,” “would,” “plan,” “potential,” “estimate,” “project,” “believe,” “intend,” “anticipate,” “expect,” “target” and similar expressions. Forward-looking statements are based on the current assumptions and beliefs of management and are only expectations of future results. Merchants’ actual results could differ materially from those projec ted in the forward-looking statements as a result of, among others, general, national, regional or local economic conditions which are less favorable than anticipated, including continued global recession, impacting the performance of Merchants’ investment portfolio, quality of credits or the overall demand for services; changes in loan default and charge-off rates which could affect the allowance for credit losses; declines in the equity and financial markets; reductions in deposit levels which could necessitate increased and/or higher cost borrowing to fund loans and investments; declines in mortgage loan refinancing, equity loan and line of credit activity which could reduce net interest and non-interest income; changes in the domestic interest rate environment and inflation; changes in the carrying value of investment securities and other assets; misalignment of Merchants’ interest-bearing assets and liabilities; increases in loan repayment rates affecting interest incom e and the value of mortgage servicing rights; changing business, banking, or regulatory conditions or policies, or new legislation affecting the financial services industry, such as the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010, that could lead to changes in the competitive balance among financial institutions, restrictions on bank activities, changes in costs (including deposit insurance premiums), increased regulatory scrutiny, declines in consumer confidence in depository institutions, or changes in the secondary market for bank loan and other products; and changes in accounting rules, federal and state laws, IRS regulations, and other regulations and policies governing financial holding companies and their subsidiaries which may impact Merchants’ ability to take appropriate action to protect Merchants’ financial interests in certain loan situations.You should not place undue reliance on Merchants’ forward-looking statements, and are cautioned that forward-looking statements are inherently uncertain. Actual performance and results of operations may differ materially from those projected or suggested in the forward-looking statements due to certain risks and uncertainties, which are included in more detail in Merchants’ Annual Report on Form 10-K, as updated by our Quarterly Reports on Form 10-Q and other filings submitted to the Securities and Exchange Commission. Merchants does not undertake any obligation to update any forward-looking statement to reflect circumstances or events that occur after the date the forward-looking statements are made.last_img read more

Ellsworth wrestling team wins first Eastern Maine title in school history

first_img Latest posts by Taylor Vortherms (see all) Part 2: When the injury is inside your head, some “don’t get it” – July 26, 2016 Bio WALDOBORO — For the first time in the history of Ellsworth High School, the wrestling team has won the Eastern Maine Class B title.Despite winning two state titles in the early ’80s, Ellsworth was never able to edge fellow PVC rival Foxcroft Academy for the regional championship.But on Saturday at Medomak Valley High School, junior captain Connor Petros notched a win over Foxcroft’s two-time state champion, Brooks Law, in the 152-pound final. The feat, as Ellsworth coach J.F. Burns said it, put the Eagles “on the brink” of a championship.When Trent Goodman took to the mat for the 160-final, Burns told the sophomore to “seal the deal.”This is placeholder textThis is placeholder text“We were pretty confident,” Burns said. “We felt we had a clear shot at winning it.”And seal the deal he did. Goodman pinned Mount Desert Island’s Wilder Young in the first period to take first in his weight class and put the Eagles on top.Ellsworth finished first of 10 schools with 166 points; Foxcroft took second with 155; Belfast, third with 150; Camden Hills, fourth with 130; Medomak Valley, fifth with 68; Caribou, sixth with 44; MDI, seventh with 40; Maine Central Institute, eighth with 33; Oceanside, ninth with 24; and John Bapst, 10th with four.“Wrestling can be an individual sport,” Burns said. “But when we came through, everyone from the champions all the way down were so excited.”With 14 weight classes, Ellsworth entered only 10 wrestlers. Each one contributed to the victory, as all 10 placed in the top four of their respective weight classes. All qualified for the state championships in Fryeburg on Saturday.Along with Petros and Goodman, Ellsworth had two additional regional champions. Freshman Peyton Cole beat MCI’s state runner-up, senior Dylan Dahlbergh, in the 132-pound final by a score of 13-8. Cole remains undefeated for the season.At 145 pounds, junior Dagan Berenyi — defending Maine All-State wrestler — pinned all three of his opponents, including Riley McCollett of Medomak Valley in the finals.Ellsworth’s second-place finishers included Robert Banner at 126 pounds and Jeff Weeks at 182 pounds. In their championship matches, Banner was pinned in the second period by Eli Olson of Foxcroft, and Weeks lost 7-4 to Foxcroft’s Brandon Brock.Ellsworth’s third-place finishers — Noah Robidoux, Jack Weeks and Tyler Hardwick — all lost in the semifinals to the eventual champions.In the consolation finals, Robidoux pinned Chris Waltrous of MCI in the second period at 120 pounds. At 138 pounds, senior captain Jack Weeks recorded his third pin of the day with a first-period pin of MDI’s Elijah Malloy. At 170 pounds, Tyler Hardwick beat Adrian Joy of Camden 7-1.Jared Brown, who joined the team late in the season, did not wrestle his first match until the tournament as a result of weather cancelations. At 195 pounds, he notched his first career victory over Reagan Billingsley of Oceanside by a score of 9-0. Brown finished the day in fourth place.“I’m still flying high,” Burns said of the victory.But Burns said the proudest he felt of his team that day came from a compliment by the meet director, Sean Keenan.“He said to me, ‘You have an excellent group of wrestlers,’” Burns recalled. “’But more importantly, you have a fine group of young men.’” EHS names new boys’ soccer coach – July 13, 2016center_img Taylor VorthermsSports Editor at The Ellsworth AmericanTaylor Vortherms covers sports in Hancock County. The St. Louis, Missouri native recently graduated from the Missouri School of Journalism and joined The Ellsworth American in 2013. Latest Posts Part 1: Invisible, incapacitating concussions are sidelining high school athletes – July 19, 2016last_img read more