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Merchants Bancshares Buyback

OLI recorded this information on 1/23/2014

Company: Merchants Bancshares
Buyback: MBVT buyback
Share Amount Authorized: 200,000.00
Buyback Details: Merchants also announced the extension, through January 2015, of its stock buyback program, originally adopted in January 2007. Under the program, Merchants may repurchase up to 200,000 shares of its common stock on the open market from time to time, and has purchased 143,475 shares to date. Although Merchants did not repurchase any of its shares during 2013, Merchants would like to continue to preserve its capital management flexibility with an active buyback program.

Merchants Bancshares is a bank holding company. Through its subsidiary, Merchants Bank, Co. provides investment management, financial planning and trustee services. Co.'s loan portfolio includes: commercial, financial and agricultural, which provide loan options that include term loans and lines of credit; Municipal, which consist of term and time loans issued on a tax-exempt and taxable basis; Real Estate, which are comprised of residential, commercial, and construction loans; and installment, which provides consumer installment loans for personal needs. At Dec 31 2016, Co. had total assets of $2.06 billion and total deposits of $1.53 billion.
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Company Name:  Merchants Bancshares Inc (Burlington, VT)
Stock buyback:  MBVT buyback
Website:  www.mbvt.com
Sector:  Banking & Savings
 

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May 4, 2024    3:42 PM Eastern
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