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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

Southern Utah looks to sweep Montana State

first_imgVETERAN PRESENCE: Senior leadership could play a big role in the outcome of this game. Harald Frey, Devin Kirby and Ladan Ricketts have collectively scored 39 percent of Montana State’s points this season. For Southern Utah, Cameron Oluyitan, John Knight III, Andre Adams and Dwayne Morgan have combined to account for 55 percent of all Southern Utah scoring, including 64 percent of the team’s points over its last five games.CLUTCH CAMERON: Oluyitan has connected on 37.1 percent of the 140 3-pointers he’s attempted and has gone 6 for 17 over his last three games. He’s also converted 84.7 percent of his foul shots this season.SLIPPING AT 71: Montana State is 0-10 this year when it allows 71 points or more and 15-4 when holding opponents to fewer than 71.WINNING WHEN: Southern Utah is a perfect 6-0 when the team records nine or more steals. The Thunderbirds are 9-14 when they steal the ball fewer than nine times.TENACIOUS THUNDERBIRDS: Southern Utah has held opposing teams to 39.3 percent shooting, the lowest percentage among all Big Sky teams.___ March 4, 2020 For more AP college basketball coverage: https://apnews.com/Collegebasketball and http://twitter.com/AP_Top25___This was generated by Automated Insights, http://www.automatedinsights.com/ap, using data from STATS LLC, https://www.stats.com,Tampa Bay Lightning advance to face Dallas Stars in Stanley Cup finals, beating New York Islanders 2-1 in OT in Game 6 Share This StoryFacebookTwitteremailPrintLinkedinRedditSouthern Utah (15-14, 8-10) vs. Montana State (15-14, 9-9)Max Worthington Arena, Bozeman, Montana; Thursday, 9 p.m. ESTBOTTOM LINE: Southern Utah goes for the season sweep over Montana State after winning the previous matchup in Cedar City. The teams last played on Jan. 4, when the Thunderbirds shot 32.7 percent from the field while holding Montana State’s shooters to just 27.1 percent on their way to a 59-53 victory.center_img Southern Utah looks to sweep Montana State Associated Press last_img read more

Ninjaman sentenced to life in prison

first_imgJamaican Dancehall artist Ninjaman, his son and another man receive life sentences for 2009 murder.Veteran Jamaican Dancehall deejay Ninjaman was sentenced to life in prison on Monday for the 2009 murder of Ricardo Johnson, plus 20 years for shooting with intent.Ninja Man, whose real name is Desmond Ballentine, must serve 25 years before he will be eligible for parole. His son, Janiel Ballentine and co-accused Dennis Clayton were slapped with life in prison for the murder. They will be eligible for parole in 15 years. The life sentences follow a unanimous guilty verdict from the seven member jury on November 20.The three were to be sentenced on Friday Dec 15; however ,their sentencing was postponed because the attorney representing one of the convicted men was late for court.When the sentenced was handed out, Ninjaman, gave the thumbs up. His attorney, Queen’s Counsel Valerie Neita-Robertson had earlier indicated the artist would be appealing the verdict.The seven-member jury deliberated for more than three hours in the Home Circuit Court before returning the guilty verdict against the singer, his son, Janiel, and Dennis Clayton. The three were accused of the murder of Ricardo Johnson, also known as “Trooper”, in March 2009.last_img read more