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Merchants Bancshares reports details of NUVO Bank & Trust Company acquisition for $21.8 million

Tue, 04/28/2015 - 9:49am -- tim

Merchants Bancshares, Inc (NASDAQ: MBVT), the parent company of Merchants Bank, and NUVO Bank & Trust Company have revealed details of the acquisition terms first reported on Monday. The banking companies have jointly announced the signing of a definitive agreement pursuant to which Merchants Bancshares, Inc will acquire NUVO Bank & Trust Company for approximately $21.8 million in stock and cash, which represents $7.15 per share.  

Berkshire Hills reports increase in Q1 core EPS, dividend declared

Tue, 04/28/2015 - 9:41am -- tim

The parent company of Berkshire Bank, Berkshire Hills Bancorp, Inc (NYSE: BHLB), has reported $0.50 in core earnings per share in the first quarter of 2015, which was a 19% increase over first quarter results in the prior year. Profit growth has been due to higher revenues from continued business momentum.   First quarter core EPS increased by 4% from $0.48 in the fourth quarter of 2014.  GAAP EPS totaled $0.35 per share in the most recent quarter compared to $0.46 in the linked quarter.  Earnings in both periods were impacted by non-core charges related primarily to growth and restructurin

Cancer Patient Support Foundation names Sarah Lemnah executive director

Tue, 04/28/2015 - 4:08am -- tim

After an extensive search committee process, Bobbe Maynes, the President of the Board of Directors of the Cancer Patient Support Foundation, (CPS) announced that Sarah Lemnah, of St. Albans, was named the first executive director. CPS has been providing services and support to cancer patients and their families in Vermont and northern New York for over 14 years.

Health Department to debut new WIC card in Rutland

Tue, 04/28/2015 - 3:30am -- tim

Vermont was first in the nation to deliver supplemental food to young families through the Health Department's WIC (Women, Infants & Children) program, and for years was last in the nation to keep making home deliveries. Beginning in July in Rutland, WIC families will choose their foods at major supermarkets and smaller grocery stores using a new, gold WIC debit card. Between October 2015 and March 2016 the WIC card will roll out to families statewide.

Vermont Federal Credit Union receives Governor’s Excellence in Worksite Wellness award

Tue, 04/28/2015 - 3:17am -- tim

Vermont Federal Credit Union was recently honored with a Governor’s Excellence in Worksite Wellness Award. In recognition of their efforts to promote the health and wellness of employees over the past year, Vermont Federal Credit Union received a Governor’s Excellence in Worksite Wellness award. The award was presented at the 2015 Worksite Wellness conference at the Sheraton Hotel & Conference Center in Burlington.

Merchants Bancshares announces dividend and Q1 2015 results, acquisition of Mass bank

Mon, 04/27/2015 - 4:54pm -- tim

Merchants Bancshares, Inc (NASDAQ:  MBVT),  the  parent  company  of Merchants Bank, today announced net income of $3.34 million, or $0.53 per basic and diluted share for the first quarter of 2015. This compares to net income of $3.40 million, or $0.54 per basic and diluted share for the first quarter of 2014. The return on average assets was 0.78% for the three months ended March 31, 2015, compared to 0.81% for the same period in 2014.

Vermont Public Radio wins three regional Edward R Murrow awards

Mon, 04/27/2015 - 2:36pm -- tim

Vermont Public Radio has won three regional Edward R Murrow Awards, including recognitions for Continuing Coverage, Writing and Website from the Radio Television Digital News Association (RTDNA). 

“As a public broadcaster, we are accountable to the community we serve,” said VPR News Director John Dillon. “We are honored to receive these awards because they go to the heart of VPR’s mission to provide an essential and trusted independent voice for news and information in our region.”

The winning coverage includes:

Vermont treasurer issues report on climate change and state investments

Mon, 04/27/2015 - 1:21pm -- tim

Vermont State Treasurer Beth Pearce today released a report that documents a long-term process of constructive engagement efforts to address environmental, social and governance issues related to climate change. The report details actions taken and planned next steps in the administration of state funds and pension fund investments under the custody of the Treasurer’s office.

United Way of Chittenden County awards $1.84 million to local human service organizations

Mon, 04/27/2015 - 10:56am -- tim

United Way of Chittenden County notified 27 agencies that the United Way grants supporting their local community programs will be sustained for FY2015. This continued funding commitment begins the second year of a new three-year funding cycle that United Way launched last year. The announcement is a result of a successful 2014 Community Campaign that raised $3.85 million from which United Way is investing $1,845,615 to support local programs in 2015.

Governor Shumlin commends apprenticeship graduates from state registered program

Mon, 04/27/2015 - 8:05am -- tim

Governor Peter Shumlin on Saturday addressed the 91 graduates of the Vermont Department of Labor's Registered Apprenticeship Programs in electrical and plumbing trades. The programs are run in collaboration with Vermont Technical College under a grant from the Vermont Department of Labor. The ceremony was held at the VTC campus in Randolph Center.