Merchants Bancshares, Inc. Announces Dividend Declaration and Earnings Release Calendar

Wed Jul 18, 2012 4:33pm EDT

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

  SOUTH BURLINGTON, VT, Jul 18 (Marketwire) -- 
Merchants Bancshares, Inc. (NASDAQ: MBVT), the parent company of
Merchants Bank, announced that its Board of Directors declared today,
July 18, 2012, a dividend of 28 cents per share, payable August 16, 2012,
to shareholders of record as of August 2, 2012. This quarter represents
our 63nd consecutive quarterly dividend payment and our 27th consecutive
quarter at the current payout level.

    Merchants plans to release earnings on or about July 23, 2012. Michael R.
Tuttle, Merchants' President and Chief Executive Officer, Janet P.
Spitler, Merchants' Executive Vice President and Chief Financial Officer
and Geoffrey R. Hesslink, Executive Vice President and Senior Lender of
Merchants will host a conference call to discuss these earnings results
at 10:00 a.m. Eastern Time on Wednesday, July 25, 2012. Interested
parties may participate in the conference call by dialing U.S. number
(800) 230-1059; the title of the call is Merchants Bancshares, Inc.
Earnings Call. Participants are asked to call a few minutes prior to
register. A replay will be available until midnight on Wednesday, August
1, 2012. The U.S. replay dial-in telephone number is (800) 475-6701. The
international replay telephone number is (320) 365-3844. The replay
access code for both replay telephone numbers is 222042.

    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. Member FDIC. Equal
Housing Lender.

    Certain statements contained in this press release that are not
historical facts may constitute forward-looking statements within the
meaning of Section 27A of the Securities Act of 1933, as amended, and
Section 21E of the Securities Exchange Act of 1934, as amended, and are
intended to be covered by the safe harbor provisions of the Private
Securities Litigation Reform Act of 1995. Forward-looking statements
involve risks and uncertainties. These statements, which are based on
certain assumptions and describe Merchants' future plans, strategies and
expectations, can generally be identified by the use of the words "may,"
"will," "should," "could," "would," "plan," "potential," "estimate,"
"project," "believe," "intend," "anticipate," "expect," "target" and
similar expressions. Forward-looking statements are based on the current
assumptions and beliefs of management and are only expectations of future
results. Merchants' actual results could differ materially from those
projected in the forward-looking statements as a result of, among others,
general, national, regional or local economic conditions which are less
favorable than anticipated, including continued global recession,
impacting the performance of Merchants' investment portfolio, quality of
credits or the overall demand for services; changes in loan default and
charge-off rates which could affect the allowance for credit losses;
declines in the equity and financial markets; reductions in deposit
levels which could necessitate increased and/or higher cost borrowing to
fund loans and investments; declines in mortgage loan refinancing, equity
loan and line of credit activity which could reduce net interest and
non-interest income; changes in the domestic interest rate environment
and inflation; changes in the carrying value of investment securities and
other assets; misalignment of Merchants' interest-bearing assets and
liabilities; increases in loan repayment rates affecting interest income
and the value of mortgage servicing rights; changing business, banking,
or regulatory conditions or policies, or new legislation affecting the
financial services industry, such as the Dodd-Frank Wall Street Reform
and Consumer Protection Act of 2010, that could lead to changes in the
competitive balance among financial institutions, restrictions on bank
activities, changes in costs (including deposit insurance premiums),
increased regulatory scrutiny, declines in consumer confidence in
depository institutions, or changes in the secondary market for bank loan
and other products; and changes in accounting rules, federal and state
laws, IRS regulations, and other regulations and policies governing
financial holding companies and their subsidiaries which may impact
Merchants' ability to take appropriate action to protect Merchants'
financial interests in certain loan situations. 

    You should not place undue reliance on Merchants' forward-looking
statements, and are cautioned that forward-looking statements are
inherently uncertain. Actual performance and results of operations may
differ materially from those projected or suggested in the
forward-looking statements due to certain risks and uncertainties, which
are included in more detail in Merchants' Annual Report on Form 10-K, as
updated by our Quarterly Reports on Form 10-Q and other filings submitted
to the Securities and Exchange Commission. Merchants does not undertake
any obligation to update any forward-looking statement to reflect
circumstances or events that occur after the date the forward-looking
statements are made. 

    

Contact:
Lisa Razo
(802) 865-1838 

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