Merchants Bancshares (MBVT) Declares $0.28 Quarterly Dividend; 3.8% Yield

Merchants Bancshares Eyes Growth Opportunity Through Agreement To Acquire NUVO Bank & Trust Company

SOUTH BURLINGTON, Vt. and SPRINGFIELD, Mass., April 27, 2015 /PRNewswire/ -- Merchants Bancshares, Inc. (NASDAQ: MBVT), the parent company of Merchants Bank, and NUVO Bank & Trust Company today jointly announced the signing of a definitive agreement pursuant to which Merchants Bancshares, Inc. ("Merchants") will acquire NUVO Bank & Trust Company ("NUVO") for approximately $21.8 million in stock and cash, which represents $7.15 per share.  

Headquartered in Springfield, Massachusetts, NUVO is focused on providing business loans, deposits and cash management services to small and medium-sized businesses and individuals in western Massachusetts. At December 31, 2014, NUVO reported approximately $153... More

Merchants Bancshares, Inc. Announces Dividend and First Quarter 2015 Results

SOUTH BURLINGTON, Vt., April 27, 2015 /PRNewswire/ -- Merchants Bancshares, Inc.  (NASDAQ:  MBVT),  the  parent  company  of Merchants Bank, today announced net income of $3.34 million, or $0.53 per basic and diluted share for the first quarter of 2015. This compares to net income of $3.40 million, or $0.54 per basic and diluted share for the first quarter of 2014. The return on average assets was 0.78% for the three months ended March 31, 2015, compared to 0.81% for the same period in 2014. The return on average equity was 10.56% for the three months ended March 31, 2015, compared to 11.31% for the same period in 2014.  Merchants Bancshares' Board of Directors approved a... More