Merchants Bancshares (MBVT) Declares $0.28 Quarterly Dividend; 3.8% Yield
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Merchants Bancshares (MBVT) to Acquire NUVO Bank & Trust Company
April 27, 2015 4:16 PM EDTMerchants 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 million in assets, $139 million in loans and $134 million in deposits. Merchants had... More
Merchants Bancshares (MBVT) Reports In-Line Q1 EPS
April 27, 2015 4:15 PM EDTMerchants Bancshares (NASDAQ: MBVT) reported Q1 EPS of $0.53, in-line with the analyst estimate of $0.53.
For earnings history and earnings-related data on Merchants Bancshares (MBVT) click here.
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