Merchants Bancshares (MBVT) Extends Buyback Plan Through Jan. 2014
Merchants Bancshares, Inc. (NASDAQ: MBVT) announced the extension, through January 2014, of its stock buyback program, originally adopted in January 2007. Under the program, Merchants may repurchase up to 200,000 shares of its common stock on the open market from time to time, and has purchased 143,475 shares to date. Although Merchants did not repurchase any of its shares during 2012, Merchants would like to continue to preserve its capital management flexibility with an active buyback program.
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