People: Merchants Bancshares Inc (MBVT.O)

MBVT.O on Nasdaq

28.82USD
17 May 2013
Price Change (% chg)

$-0.14 (-0.48%)
Prev Close
$28.96
Open
$29.00
Day's High
$29.14
Day's Low
$28.69
Volume
6,482
Avg. Vol
8,987
52-wk High
$31.25
52-wk Low
$25.80

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Summary

Name Age Since Current Position

Raymond Pecor

72 1996 Independent Chairman of the Board

Michael Tuttle

57 2007 President, Chief Executive Officer, Director of Merchants Bancshares and Merchants Bank

Janet Spitler

52 2009 Chief Financial Officer, Senior Vice President, Treasurer of Merchants Bancshares and Merchants Bank

Molly Dillon

63 2012 Senior Vice President, Community Banking and Trust of Merchants Bank

Zoe Erdman

56 2011 Senior Vice President and Senior Credit Officer of Merchants Bank

Geoffrey Hesslink

47 2010 Executive Vice President and Senior Lending Officer of Merchants Bank

Scott Boardman

52 2008 Independent Director

Peter Bouyea

64 1994 Independent Director

Karen Danaher

56 2010 Independent Director

Jeffrey Davis

59 1993 Independent Director

Michael Furlong

61 1991 Independent Director

John Kane

59 2005 Independent Director

Lorilee Lawton

64 2003 Independent Director

Bruce Lisman

65 2004 Independent Director

Patrick Robins

73 1984 Independent Director

Robert Skiff

69 1984 Independent Director

Biographies

Name Description

Raymond Pecor

Mr. Raymond C. Pecor, Jr., is Independent Chairman of the Board of Merchants Bancshares Inc since July 1996. He has served as a member of Board of Directors since 1983 and has served as Chairman of the Board of Directors since 1996. He is the Chairman of Lake Champlain Transportation Company, and has entrepreneurial interests in other companies and developments, including the Vermont Lake Monsters and Lehigh Valley IronPigs professional baseball teams. He is also an emeritus trustee of the University of Vermont in Burlington, Vermont.

Michael Tuttle

Mr. Michael R. Tuttle is President, Chief Executive Officer and Director of Merchants Bancshares, Inc and Merchants Bank since January 1, 2007. He served as Merchants Bank’s Executive Vice President and Chief Operating Officer from 1997 until his appointment as President, CEO and Director of Merchants Bank, effective January 1, 2006. Mr. Tuttle was appointed President and CEO of Merchants Bancshares, Inc., effective January 1, 2007. He is the only Director on the Board who is also an officer of Merchants. In addition, Mr. Tuttle serves on the boards of the United Way of Chittenden County and the Flynn Center for the Performing Arts, where he is the Treasurer. He is a former director of Fairpoint Communications, Inc., a publicly traded company.

Janet Spitler

Ms. Janet P. Spitler is Chief Financial Officer, Senior Vice President, Treasurer of Merchants Bancshares Inc and Merchants Bank since January 2009. Ms. Spitler has served as company Treasurer and as Treasurer of Merchants Bank since 1995, and has served as Company CFO and as CFO of Merchants Bank since 1997. Ms. Spitler was also appointed as Senior Vice President of Merchants Bank in 2006, and as company Senior Vice President in January of 2009.

Molly Dillon

Ms. Molly Dillon is Senior Vice President, Community Banking and Trust of Merchants Bank of Merchants Bancshares Inc since January 1, 2012. She has served as the Bank’s Senior Vice President and President of Merchants Trust Company, a division of Merchants Bank since April of 2008. Prior to January 1, 2012, Thomas R. Havers was part of executive management team and served as Senior Vice President and Senior Operations and Information Systems Officer. She continues to serve as a Project Manager.

Zoe Erdman

Ms. Zoe P. Erdman is Senior Vice President and Senior Credit Officer of Merchants Bank of Merchants Bancshares Inc since May 2011 Prior to that time she served as Senior Vice President and Corporate Banking Officer since November 2007. Ms. Erdman previously served as Senior Vice President and Senior Credit Manager of the Bank since 1998.

Geoffrey Hesslink

Mr. Geoffrey R. Hesslink has served as Executive Vice President and Senior Lending Officer of Merchants Bank of Merchants Bancshares Inc since May 2010. Prior to that time he served as Senior Vice President and Senior Lending Officer since January 2006. From 1996 through 2005, Mr. Hesslink served as Vice President and Corporate Banking Officer of Merchants Bank.

Scott Boardman

Mr. Scott F. Boardman is Independent Director of Merchants Bancshares Inc since 2008. He has been a member of the Board of Directors of Merchants Bank since 2004. Mr. Boardman is the President of Hickok & Boardman, Inc., a retail insurance agency in Burlington, Vermont. He serves on the boards of A.N. Deringer, Inc., the Lake Mansfield Trout Club, and the Mater Christi School in Burlington, Vermont. Mr. Boardman is a former trustee of Trinity College in Burlington, Vermont, and is a former board member and past president of the Vermont Insurance Agents Association. He is also past president of the Vermont chapter of the Casualty & Property Insurance Underwriters Society.

Peter Bouyea

Mr. Peter A. Bouyea is Independent Director of Merchants Bancshares Inc since 1994. Mr. Bouyea is retired from his previous role as President of Bouyea-Fassetts, Inc., a wholly owned indirect subsidiary of Phillip Morris, Inc. Mr. Bouyea brings experience in business management, industry knowledge, customer service, leadership and risk management to the Board.

Karen Danaher

Ms. Karen J. Danaher is Independent Director of Merchants Bancshares Inc since 2010. She has been a member of the Board of Directors of Merchants Bank since 2008. She is a partner in Danaher Attig & Plante PLC, a public accounting firm located in South Burlington, Vermont. Ms. Danaher is a certified public accountant and brings accounting and finance experience, business management experience, industry knowledge, customer based experience, crisis and risk management experience and experience to the Board.

Jeffrey Davis

Mr. Jeffrey L. Davis is Independent Director of Merchants Bancshares Inc since 1993. He is president of J. L. Davis, Inc., a construction and development firm, and President of Taft Corners Associates, a development firm. He is also a trustee of the University of Vermont in Burlington, Vermont and a former president of the Vermont Special Olympics.

Michael Furlong

Mr. Michael G. Furlong is Independent Director of Merchants Bancshares Inc since 1991. Mr. Furlong has served as Chairman of Merchants Bank’s Board of Directors since 2001. He is a member of the Burlington, Vermont law firm of Sheehey Furlong & Behm P.C., and is a former President of the Chittenden County Bar Association. He is an emeritus director of Wake Robin Corporation and has served on the boards of several Vermont nonprofit organizations. Mr. Furlong is a graduate of Middlebury College and Cornell Law School.

John Kane

Mr. John A. Kane is Independent Director of Merchants Bancshares Inc since January 20, 2005. He previously served as Senior Vice President of Finance and Administration, and Chief Financial Officer and Treasurer of IDX Systems Corporation, where he was responsible for financial strategy, mergers and acquisitions activity, public company reporting obligations, Wall Street relations, information systems and real estate facilities related operations. IDX was acquired by General Electric early in 2006 and Mr. Kane transitioned out of GE in December 2006. Mr. Kane currently functions as a business consultant working with various private equity companies and their portfolios. He also serves as a director of several privately held health care companies. Mr. Kane is also a director and audit committee chairman of athenahealth, Inc., a public company.

Lorilee Lawton

Ms. Lorilee A. Lawton is Independent Director of Merchants Bancshares Inc since 2003. She has served as a director of Merchants Bank since 1995. Ms. Lawton is the owner and President of Firetech Sprinkler Corporation, a contractor specializing in the design, fabrication and installation of fire sprinkler systems, located in Colchester, Vermont. She also serves as a director of Vermont Public Television.

Bruce Lisman

Mr. Bruce M. Lisman is Independent Director of Merchants Bancshares Inc since 2004. He is a private investor, having retired as Chairman of JP Morgan Global Equity Division in February 2009. Mr. Lisman previously He is a private investor, having retired as Chairman of JP Morgan Global Equity Division in February 2009. Mr. Lisman previously served as a Senior Managing Director of Bear Stearns Companies from 1984 to June 2008. In addition, he serves on the boards of the Shelburne Museum and National Life Group. He is an emeritus trustee of the University of Vermont, where he previously served as Chair. He has also served on the boards of Central Vermont Public Service, a public company; the Hewitt School, Pace University, HS Broadcasting, BRUT, Inc., the Vermont Symphony Orchestra and the Board of American Forests.

Patrick Robins

Mr. Patrick S. Robins is Independent Director of Merchants Bancshares Inc since 1984. He is Chairman of Symquest Group, Inc., a company specializing in technology services for networking solutions and document output.

Robert Skiff

Dr. Robert A. Skiff, Ph.D., is Independent Director of Merchants Bancshares Inc since 1984. Dr. Skiff is currently a trustee and interim director of the Shelburne Museum. In 2008 he retired from his role as Headmaster of the Vermont Commons School in Burlington, Vermont. Prior to becoming Headmaster in July 1997, Dr. Skiff served as President of Champlain College for 15 years.
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