Merchants Bancshares earnings down

first_img### “urn:schemas-microsoft-com:office:smarttags” />SOUTHBURLINGTON, VT – MerchantsBancshares, Inc. (NASDAQ: MBVT), the parent company of Merchants Bank, todayannounced net income of $2.67 million, or diluted earnings per share of 42cents, for the quarter ended June 30, 2006. This compares with net income of$3.06 million, or diluted earnings per share of 48 cents, for the quarter endedJune 30, 2005. The return on average assets was 0.96% and the return on averageequity was 16.62% for the second quarter of 2006, compared to 1.15% and 18.89%,respectively, for the second quarter of 2005. Merchants declared a dividend on July20, 2006, of 28 cents per share, payable August 17, 2006, to shareholders of record as ofAugust 3, 2006. For more information on the quarter please refer to Merchants’quarterly Form 10-Q, which will be filed on or about August 1, 2006, and will beavailable on the SEC website at www.sec.gov(link is external).Mr. Joseph Boutin,Merchants’ President and Chief Executive Officer; Ms.JanetSpitler, Merchants’ Chief FinancialOfficer; and Mr. Michael Tuttle, President and Chief Executive Officer ofMerchants Bank will host a conference call to discuss these earnings results at10:00 a.m. Eastern Time on Thursday August 3, 2006.  Interested parties may participate inthe conference call by dialing (800) 230-1085; the title of the call is Earnings Release Conference Call forMerchants Bancshares, Inc. Participants are asked to call a few minutes prior to register.  A replay will be available until noon onThursday August 10, 2006. The U.S. replay dial-in telephonenumber is (800) 475-6701. The international replay dial-in telephone number is(320) 365-3844. The replay access code is806414.Thecontinuing mission of Merchants Bank is to provide Vermonters with a truecommunity bank. It fulfills this commitment through a branch-based system thatincludes 35 bank offices and 42 ATMs throughout Vermont, personal bankersdedicated to top-quality customer service, and streamlined products:FreedomLYNX® Banking, which consists of Free Checking forLife®, a Money Market Account, Free Online Banking and Bill Pay,Overdraft Coverage, Direct Deposit, a Free Debit Card and Free Automated PhoneBanking; TimeLYNX® Certificates of Deposit; HomeLYNX® HomeEquity Loans; RealLYNX® Residential Mortgages and CommerceLYNX®Business Banking. Merchants Bank also includes a trust and investmentdivision, known as Merchants Trust Company, serving individuals andinstitutions. For more information about Merchants Bank, visit mbvt.com.Merchants’ stock is traded on the NASDAQ National Market system under the symbolMBVT. Member FDIC. Equal Housing Lender.Some of the statements contained in this press release mayconstitute forward-looking statements. Forward-looking statements relate to expectations, beliefs, projections,future plans and strategies, anticipated events or trends and similarexpressions concerning matters that are not historical facts.  The forward-looking statements reflectMerchants’ current views about future events and are subject to risks,uncertainties, assumptions and changes in circumstances that may causeMerchants’ actual results to differ significantly from those expressed in anyforward-looking statement. Forward-looking statements should not be relied on since they involveknown and unknown risks, uncertainties and other factors that are, in somecases, beyond Merchants’ control and which could materially affect actualresults.  The factors that couldcause actual results to differ materially from current expectations includechanges in general economic conditions in Vermont, changes in interest rates,changes in competitive product and pricing pressures among financialinstitutions within Merchants’ markets, and changes in the financial conditionof Merchants’ borrowers.  Theforward-looking statements contained herein represent Merchants’ judgment as ofthe date of this release, and Merchants cautions readers not to place unduereliance on such statements.  Forfurther information, please refer to Merchants’ reports filed with theSecurities and Exchange Commission. MessageBODY { MARGIN-TOP: 25px; FONT-SIZE: 12pt; MARGIN-LEFT: 25px; COLOR: #800080; FONT-FAMILY: Myriad Pro}P.msoNormal { MARGIN-TOP: 0px; FONT-SIZE: 10pt; MARGIN-LEFT: 0px; COLOR: #ffffcc; FONT-FAMILY: Helvetica, “Times New Roman”}LI.msoNormal { MARGIN-TOP: 0px; FONT-SIZE: 10pt; MARGIN-LEFT: 0px; COLOR: #ffffcc; FONT-FAMILY: Helvetica, “Times New Roman”}For Release: August 1, 2006Merchants Bancshares,Inc. Announces 2006 Second QuarterResultslast_img read more

Denial, and Resignation, From Trump and a Handful of Aides

first_imgSince early Wednesday morning, when Mr. Trump angrily declared the election to be a “fraud” on the public, he has been mostly ensconced in the Oval Office or the presidential residence, watching television coverage and brooding.Besides his children, he has spoken by phone and at the White House with a coterie of advisers, including the former White House counselor Kellyanne Conway, his campaign manager, Bill Stepien, his deputy campaign manager, Justin Clark, his adviser Hope Hicks, and Ronna McDaniel, the chairwoman of the Republican National Committee.- Advertisement – As he played golf on Saturday, aides said, Mr. Trump was surprisingly calm, given the news he had received upon his arrival. But he had not yet begun to watch television news coverage of Mr. Biden’s victory.Aides cited things they believed Mr. Trump could point to as accomplishments even in defeat, including getting the second-most votes in American history and drawing a new batch of voters into the Republican Party. Vice President Mike Pence spent part of Friday in the Oval Office with Mr. Trump, but the president’s chief of staff, Mark Meadows, who tested positive for the coronavirus the day after the election, has been working remotely on the campaign’s current legal challenges.Mr. Trump’s advisers had succeeded in persuading his personal lawyer Rudolph W. Giuliani to stand down from some of public allegations about fraud. But Mr. Giuliani called Mr. Trump directly to appeal to him, and the president signed off on a news conference outside a landscaping company in Philadelphia that started Saturday morning just after news outlets called the presidential race for Mr. Biden.Some aides were candid with Mr. Trump that there was not much of a path forward, even though they said they would continue on. Only a few had seemed resistant to the idea that Mr. Biden was likely to win, including the president’s son-in-law, Jared Kushner, people who spoke with Mr. Trump said.- Advertisement –center_img – Advertisement –last_img read more

Spurs and Pool looking for Europa progress

first_imgSpurs need a win in Azerbaijan against Qarabag, while Liverpool fans will demand a victory at home to Bordeaux.Things are not so good for Celtic, who’ll be eliminated if they lose against Ajax at Parkhead.last_img