| Business Summary | | Merchants
Bancshares,
Inc.
is
the
holding
company
of
Merchants
Bank
(the
Bank)
including
the
Bank's
wholly
owned
subsidiaries
Merchants
Trust
Company,
and
certain
trusts;
and
Merchants
Properties,
Inc.
The
Bank
and
the
Trust
Company
offer
a
full
range
of
deposit,
loan,
cash
management,
and
trust
services
to
meet
the
financial
needs
of
individual
consumers,
businesses
and
municipalities
at
34
full-service
banking
locations
throughout
the
state
of
Vermont. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | MBVT
is
a
bank
holding
company
for
Merchants
Bank,
Merchants
Trust
Company,
and
Merchants
Properties.
For
the
six
months
ended
6/30/01,
total
interest
income
rose
1%
to
$27.6
million.
Net
interest
income
after
loan
loss
provision
rose
5%
to
$17.6
million.
Net
income
rose
10%
to
$5.5
million.
Results
reflect
reflect
increased
earning
asset
balances,
a
lower
provision
for
loan
losses,
increased
service
charges
on
deposit
accounts
and
litigation
settlement
proceeds. | More
from
Market Guide: Significant
Developments |
| | | | FY2000 Pay | |
| Raymond Pecor, Jr., 61 Chairman | -- | Joseph Boutin, 53 Pres
and CEO | $215K | William Heaslip, 56 Pres
and CEO of Merchants Trust Company | -- | Janet Spitler, 41 Treasurer;
Treasurer and CFO of the Bank | 136K | Zoe Erdman, 44 Sr.
VP of the Bank, Credit Division Mang. | -- | Dollar
amounts are as of 31-Dec-2000 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|