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Merchants Bancshares announces dividend, Q2 2015 results

Mon, 07/27/2015 - 4:23pm -- tim

Vermont Business Magazine Merchants Bancshares, Inc (NASDAQ: MBVT), the parent company of Merchants Bank, today announced net income of $3.12 million and $6.45 million, or diluted earnings per share of $0.49 and $1.02 for the three and six months ended June 30, 2015, respectively. This compares to net income of $3.41 million and $6.82 million, or diluted earnings per share of $0.54 and $1.07 for the three and six months ended June 30, 2014, respectively.

Home sales in Northwest Vermont jump 13.7 during first six months, prices up 5.7 percent

Mon, 07/27/2015 - 12:00pm -- tim

Vermont Business Magazine Reinforcing other real estate reports that show strong home sales with a moderate increase in prices, Coldwell Banker Hickok & Boardman Realty today released the Mid-Year 2015 Vermont Market Report for Chittenden, Franklin, Grand Isle, and Addison Counties. Sales jumped 13.7 percent during the first six months of the year, with more residential properties selling in each of the four counties than a year early. Across all four counties tracked in the report, the median sales price rose 5.7 percent.

Champlain Housing Trust among those named in $1.2 million grant

Mon, 07/27/2015 - 11:47am -- tim

Vermont Business Magazine A Vermont nonprofit is among nine grantees that will collectively receive nearly $1.2 million in grants to improve rural lives. The grant, announced today, is to rehabilitate or replace substandard homes, according to NeighborWorks America, a national nonprofit that creates opportunities for people to live in affordable homes, improve their lives and strengthen their communities. In support of the Safe and Sound initiative, Wells Fargo Housing Foundation donated $1 million and is the lead funder of the effort.

Champlain College included in ‘2016 Fiske Guide to Colleges'

Mon, 07/27/2015 - 11:14am -- tim

Vermont Business Magazine The "Fiske Guide to Colleges," a leading college guidebook, has selected Champlain College for its 2016 edition highlighting more than 300 of the "best and most interesting schools" in the United States, Canada and Great Britain. Compiled by former New York Times education editor Edward B. Fiske, the guidebook selects colleges based primarily on academic quality. It includes information about each college's academics, social life, student body, financial aid, campus setting, housing, food and extracurricular activities.

Major Vermont accounting firms in Rutland and Williston merge

Mon, 07/27/2015 - 9:53am -- tim

Vermont Business Magazine Rutland Accounting firm Siliski & Buzzell has merged with Williston-based CPA firm, Davis and Hodgdon Associates in a deal that closed on July 1. Operating under the banner of Davis & Hodgdon Associates CPAs, the firms’ newly expanded team will continue to operate from their existing locations in Rutland and Chittenden counties. Robert E Buzzell Jr, CPA, CVA will continue to manage the Rutland office which will be known as Siliski & Buzzell, a division of Davis & Hodgdon Associates CPAs.

Vermont Historical Society director resigns and national search is launched

Mon, 07/27/2015 - 7:25am -- tim

Vermont Business Magazine Vermont Historical Society President Laura Warren has announced that Mark Hudson, who has been the Vermont Historical Society's executive director for six years, has resigned to take a position as the executive director of the Tudor Place Historic House & Garden in Washington, DC. Warren also announced that the organization has launched a national search for his successor.

Boutique hotel opens in Woodstock

Sun, 07/26/2015 - 4:53am -- tim

Vermont Business Magazine On six acres along the banks of The Ottauquechee River in Woodstock, a brand-new, 38-room boutique hotel grand opened in early July. This opening makes 506 On The River Inn the only new hotel to appear in this historic town in decades. Though the hotel has enjoyed a soft opening for some months, the announcement that the final eight guest rooms and its pool, the sole indoor hotel pool in Woodstock, are now complete, brings the self-contained resort to complete fruition.

Shumlin backs independent ethics commission

Sat, 07/25/2015 - 7:24am -- tim

by Erin Mansfield Governor Peter Shumlin now believes Vermont should create an independent commission to handle ethics complaints, his spokesperson said. Scott Coriell, said Wednesday was the first time, to his knowledge, that the governor had been asked whether he supports such a commission. The governor’s call for a commission was first reported by The Associated Press.

Senix marks 25th anniversary, launches new tools for ultrasonic sensors

Sat, 07/25/2015 - 5:20am -- tim

Vermont Business Magazine Senix Corporation of Hinesburg, manufacturer of ToughSonic ultrasonic level and distance sensors, today announced the launch of a new website,, the first in a series of initiatives to expand the product and information capabilities it delivers. The new website launch coincides with Senix Corporation’s 25th anniversary of continuous industry leadership in delivering advanced, smart ultrasonic sensors worldwide.

Leahy Center Environmental Summit projects receive funding

Fri, 07/24/2015 - 5:03pm -- tim

Vermont Business Magazine Nearly $250,000 will be awarded to Vermont watershed teams, supporting projects largely developed during the 2015 Leahy Center Environmental Summit. The High Meadows Fund announced this week $249,000 to be awarded to six watersheds. The Mad River, Lamoille Valley, Saxtons River, South Lake, Upper White River, and Mill Brook teams will work with their own communities to help residents solve pressing issues to become more floodwater and climate change resilient.

Vermont Legal Aid suit aims to halt cuts to low-income cash benefits

Fri, 07/24/2015 - 4:39pm -- tim

Elizabeth Hewitt Vermont Legal Aid filed a lawsuit in federal court Thursday seeking to halt implementation of a $125 reduction in the monthly Reach Up benefit for hundreds of Vermont families. The Department for Children and Families recently sent notices to 860 Reach Up households saying they would see a $125 reduction in their monthly benefit beginning August 1 if an adult family member receives supplemental security income (SSI), a federal disability benefit.