Merchants Bancshares, Inc. operates as the bank holding company for Merchants Bank that provides commercial banking products and services to individual consumers, businesses, and municipalities. Its deposit products include time and demand deposits; and checking, savings, and money market accounts. The company's loan portfolio comprises commercial loans, financial and agricultural loans, municipal loans, residential and commercial real estate loans, real estate construction loans, installment loans, and other loans. It also offers cash management, investment management, financial planning, and trustee services. As of December 31, 2015, the company operated 32 full-service banking offices in the state of Vermont and 1 full-service banking office in Massachusetts. Merchants Bancshares, Inc. was founded in 1849 and is headquartered in South Burlington, Vermont.
Community Bank System (CBU) to Acquire Merchants Bancshares (MBVT) in ~$304M Deal Source: http://www.streetinsider.com/Corpor...ancshares+(MBVT)+in+~$304M+Deal/12157877.html
Analyst Upgrade/Downgrade Update Brokerage firm: Sandler O'Neill Change: Downgrade Previous Rating: Buy Current Rating: Hold Previous Price Target: N/A Current Price Target: N/A
