Merchants Bank Announces Promotion of Janet P. Spitler

Tue Jun 19, 2012 4:18pm EDT

* Reuters is not responsible for the content in this press release.

  SOUTH BURLINGTON, VT, Jun 19 (Marketwire) -- 
Michael R. Tuttle, President and CEO of Merchants Bank, today announced
the promotion of Janet P. Spitler to the office of Executive Vice
President. Ms. Spitler leads the Finance Department and is CFO and
Treasurer. 

    "I am very pleased to announce this promotion," said Mr. Tuttle. "As
Chief Financial Officer, Janet has been a significant contributor to the
success of our company for many years. During that time she has been
involved in many important initiatives that have extended well beyond the
finance area. As of January 1st our Human Resources department also
started reporting to Janet." 

    Ms. Spitler joined Merchants Bank in 1990. She has served as the
Treasurer of Merchants Bank since 1995 and as Chief Financial Officer
since 1997. She was appointed to the office of Senior Vice President in
2006. She serves on the Board of Directors of Housing Vermont and is a
member of the Vermont Tax Advisory Board. Ms. Spitler holds Bachelor's
degrees from William Smith College and Syracuse University. Ms. Spitler
resides in Shelburne, Vermont with her family.

    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: 33 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 commercial 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 for access to Merchants Bank
information, programs, and services. Merchants' stock is traded on the
NASDAQ National Market system under the symbol MBVT (NASDAQ: MBVT).
Member FDIC. Equal Housing Lender.

    
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Contact: 
Lisa Razo
Merchants Bank
(802) 865-1838 

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