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

Luis Ortiz hinted at cracks in Deontay Wilder’s armour – but is he still a force in the heavyweight division? | Boxing News

first_img Wilder KO’d Ortiz in a come-from-behind victory in their rematch Joshua analysed Wilder’s second knockout of Ortiz: “The good thing he does here, his back’s on the ropes against Ortiz, which is a dangerous place to be because on the ropes there’s no room to create space.“But what he does, he flicks the jab out to make Ortiz think, ‘Hang on a minute, there’s something coming back if I dive in.’“So Ortiz steps back and follows him across. What Wilder does as he’s moving round to get more space, from the ropes he’s moved around, he’s the general in the ring because he’s got all the space behind him.“Now Ortiz’s back is on the ropes, which is a very dangerous place for Ortiz, so Wilder’s done a great thing there to turn the tables.“He’s controlling with the lead hand. Not every jab is going to land, sometimes we just use it as a smokescreen to put something there.“And once that jab touches your hand, your shoulder, your face, I know this bad boy [the right hand] is going to follow.”Wilder’s run would eventually end due to the front-foot aggression of Fury, a different style to the one that Ortiz came so close with. – Advertisement – 1:10 Luis Ortiz may have sighed regretfully at seeing Deontay Wilder trounced by Tyson Fury earlier this year.It was Ortiz who, not once but twice, found himself within touching distance of ending Wilder’s fearsome reign – but on both occasions he succumbed to come-from-behind knockout punches.Now aged 41, Cuba’s heavyweight contender Ortiz is in last-chance saloon and is set to return on Saturday night against Alexander Flores. Wilder sensationally stopped Ortiz in their brilliant first fight Wilder sensationally stopped Ortiz in their brilliant first fight – Advertisement – Ortiz was, particularly from 2016 to 2018, considered to be an avoided and dangerous contender to the world heavyweight championships.Although he had a chance to face Anthony Joshua, promoter Eddie Hearn has said, and twice challenged Wilder, he possessed a reputation as a skilful southpaw that was better left alone.Ortiz’s left hand gave Wilder a shellacking in the seventh round of their first fight in 2018, wobbling the then-unbeaten WBC champion and coming within a whisker of an upset.Wilder said after battling back to end Ortiz’s unbeaten record: “He’s one of the best in the world. Nobody has given Ortiz an opportunity, even after I defeated him.“Normally after you knock somebody out, other guys are willing to fight him because they have seen weakness, chinks in the armour.“They didn’t want to fight Ortiz, they don’t want to fight him now.” Ortiz won many rounds in both fights with Wilder Ortiz won many rounds in both fights with Wilder

David Brigidi, owner of GPL club Karela United, dies

first_imgThe owner of Ghana Premier League side Karela United David Brigidi has died. He is reported to have died on Sunday morning after a short illness. Mr Brigidi, a lawyer by profession, was elected Senator for the Bayelsa Central constituency of Bayelsa State, Nigeria at the start of the fourth Republic running on the People Democratic Party (PDP) platform.Related: Karela United: 12 facts about Nigerian-owned Ghana Premier League clubThe 56-year-old who hails from Nigeria was a senator for the Bayelsa Central constituency of Bayelsa State between 1997 to 2007.Mr Brigidi bought Karela FC in 2013 and has bankrolled the team as they earn promotion to the top flight this season.  He also owned Karela Oil & Gas Nigeria, Karela Hotels & Resort Ghana, Kareela Oil & Gas Ghana, Re-Routine Air Limited, Adef Energy Services, Shores & Savannah (Law Partners) and South Field Petroleum.—last_img read more