MBVT / Merchants Bancshares, Inc. - Pengajuan SECLaporan Tahunan, Pernyataan Proksi

Merchants Bancshares, Inc.
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CIK 726517
SEC Filings
All companies that sell securities in the United States must register with the Securities and Exchange Commission (SEC) and file reports on a regular basis. These reports include company annual reports (10K, 10Q), news updates (8K), investor presentations (found in 8Ks), insider trades (form 4), ownership reports (13D, and 13G), and reports related to the specific securities sold, such as registration statements and prospectus. This page shows recent SEC filings related to Merchants Bancshares, Inc.
SEC Filings (Chronological Order)
Halaman ini menyediakan daftar lengkap dan kronologis dari Pengajuan SEC, tidak termasuk pengajuan kepemilikan yang kami sediakan di tempat lain.
May 23, 2017 15-12G

Merchants Bancshares FORM 15-12G

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 15 CERTIFICATION AND NOTICE OF TERMINATION OF REGISTRATION UNDER SECTION 12(g) OF THE SECURITIES EXCHANGE ACT OF 1934 OR SUSPENSION OF DUTY TO FILE REPORTS UNDER SECTIONS 13 AND 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934. Commission File Number 0-11595 Merchants Bancshares, Inc. (Exact name of registrant as specified in

May 15, 2017 8-K

Changes in Control of Registrant, Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers, Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year, Material Modification to Rights of Security Holders, Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing, Financial Statements and Exhibits, Completion of Acquisition or Disposition of Assets

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of Report (Date of Earliest Event Reported) May 12, 2017 Merchants Bancshares, Inc. (Exact name of registrant as specified in its charter) Delaware 0-11595 03-0287342 (State or other jurisdiction of incorporation) (Commission Fi

May 15, 2017 S-8 POS

Merchants Bancshares S-8 POS

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 POST-EFFECTIVE AMENDMENT NO. 1 TO FORM S-8 REGISTRATION STATEMENT No. 333-151425 POST-EFFECTIVE AMENDMENT NO. 1 TO FORM S-8 REGISTRATION STATEMENT No. 333-151424 POST-EFFECTIVE AMENDMENT NO. 1 TO FORM S-8 REGISTRATION STATEMENT No. 333-34869 POST-EFFECTIVE AMENDMENT NO. 1 TO FORM S-8 REGISTRATION STATEMENT No. 333-34871 POST-E

May 15, 2017 S-8 POS

Merchants Bancshares S-8 POS

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 POST-EFFECTIVE AMENDMENT NO. 1 TO FORM S-8 REGISTRATION STATEMENT No. 333-151425 POST-EFFECTIVE AMENDMENT NO. 1 TO FORM S-8 REGISTRATION STATEMENT No. 333-151424 POST-EFFECTIVE AMENDMENT NO. 1 TO FORM S-8 REGISTRATION STATEMENT No. 333-34869 POST-EFFECTIVE AMENDMENT NO. 1 TO FORM S-8 REGISTRATION STATEMENT No. 333-34871 POST-E

May 15, 2017 S-8 POS

Merchants Bancshares S-8 POS

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 POST-EFFECTIVE AMENDMENT NO. 1 TO FORM S-8 REGISTRATION STATEMENT No. 333-151425 POST-EFFECTIVE AMENDMENT NO. 1 TO FORM S-8 REGISTRATION STATEMENT No. 333-151424 POST-EFFECTIVE AMENDMENT NO. 1 TO FORM S-8 REGISTRATION STATEMENT No. 333-34869 POST-EFFECTIVE AMENDMENT NO. 1 TO FORM S-8 REGISTRATION STATEMENT No. 333-34871 POST-E

May 15, 2017 S-8 POS

Merchants Bancshares S-8 POS

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 POST-EFFECTIVE AMENDMENT NO. 1 TO FORM S-8 REGISTRATION STATEMENT No. 333-151425 POST-EFFECTIVE AMENDMENT NO. 1 TO FORM S-8 REGISTRATION STATEMENT No. 333-151424 POST-EFFECTIVE AMENDMENT NO. 1 TO FORM S-8 REGISTRATION STATEMENT No. 333-34869 POST-EFFECTIVE AMENDMENT NO. 1 TO FORM S-8 REGISTRATION STATEMENT No. 333-34871 POST-E

May 15, 2017 S-8 POS

Merchants Bancshares S-8 POS

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 POST-EFFECTIVE AMENDMENT NO. 1 TO FORM S-8 REGISTRATION STATEMENT No. 333-151425 POST-EFFECTIVE AMENDMENT NO. 1 TO FORM S-8 REGISTRATION STATEMENT No. 333-151424 POST-EFFECTIVE AMENDMENT NO. 1 TO FORM S-8 REGISTRATION STATEMENT No. 333-34869 POST-EFFECTIVE AMENDMENT NO. 1 TO FORM S-8 REGISTRATION STATEMENT No. 333-34871 POST-E

May 15, 2017 S-3DPOS

Merchants Bancshares S-3DPOS

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 POST-EFFECTIVE AMENDMENT NO. 1 TO FORM S-3 REGISTRATION STATEMENT NO. 333-151572 POST-EFFECTIVE AMENDMENT NO. 1 TO FORM S-3 REGISTRATION STATEMENT NO. 333-41051 POST-EFFECTIVE AMENDMENT NO. 1 TO FORM S-3D REGISTRATION STATEMENT NO. 333-20375 UNDER THE SECURITIES ACT OF 1933 MERCHANTS BANCSHARES, INC. (Community Bank System, In

May 15, 2017 POS AM

Merchants Bancshares POS AM

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 POST-EFFECTIVE AMENDMENT NO. 1 TO FORM S-3 REGISTRATION STATEMENT NO. 333-151572 POST-EFFECTIVE AMENDMENT NO. 1 TO FORM S-3 REGISTRATION STATEMENT NO. 333-41051 POST-EFFECTIVE AMENDMENT NO. 1 TO FORM S-3D REGISTRATION STATEMENT NO. 333-20375 UNDER THE SECURITIES ACT OF 1933 MERCHANTS BANCSHARES, INC. (Community Bank System, In

May 15, 2017 POS AM

Merchants Bancshares POS AM

POS AM 1 v466973posam.htm POS AM UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 POST-EFFECTIVE AMENDMENT NO. 1 TO FORM S-3 REGISTRATION STATEMENT NO. 333-151572 POST-EFFECTIVE AMENDMENT NO. 1 TO FORM S-3 REGISTRATION STATEMENT NO. 333-41051 POST-EFFECTIVE AMENDMENT NO. 1 TO FORM S-3D REGISTRATION STATEMENT NO. 333-20375 UNDER THE SECURITIES ACT OF 1933 MERCHANTS BANCSHARES

April 28, 2017 10-Q

MBVT / Merchants Bancshares, Inc. 10-Q (Quarterly Report)

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2017 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 0-11595 Merchants

April 26, 2017 8-K

Financial Statements and Exhibits, Other Events

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of Report (Date of Earliest Event Reported) April 26, 2017 Merchants Bancshares, Inc. (Exact name of registrant as specified in its charter) Delaware 0-11595 03-0287342 (State or other jurisdiction of incorporation) (Commission

April 26, 2017 EX-99.1

COMMUNITY BANK SYSTEM, INC. AND MERCHANTS BANCSHARES, INC. ANNOUNCE RECEIPT OF FRB AND OCC APPROVALS, CLOSING DATE OF MAY 12, 2017, AND DETAILS REGARDING ELECTION PROCEDURES

Exhibit 99.1 COMMUNITY BANK SYSTEM, INC. AND MERCHANTS BANCSHARES, INC. ANNOUNCE RECEIPT OF FRB AND OCC APPROVALS, CLOSING DATE OF MAY 12, 2017, AND DETAILS REGARDING ELECTION PROCEDURES SYRACUSE, N.Y. and SOUTH BURLINGTON, VT ? April 26, 2017 ? Community Bank System, Inc. (?Community Bank System?) (NYSE: CBU) and Merchants Bancshares, Inc. (?Merchants?) (NASDAQ: MBVT) announced that they have rec

April 26, 2017 EX-99.1

Community Bank System, Inc. and Merchants Bancshares, Inc. Announce Receipt of FRB and OCC Approvals, Closing Date of May 12, 2017, and Details Regarding Election Procedures

Exhibit 99.1 Community Bank System, Inc. and Merchants Bancshares, Inc. Announce Receipt of FRB and OCC Approvals, Closing Date of May 12, 2017, and Details Regarding Election Procedures SYRACUSE, N.Y. and SOUTH BURLINGTON, VT — April 26, 2017 — Community Bank System, Inc. ("Community Bank System") (NYSE: CBU) and Merchants Bancshares, Inc. ("Merchants") (NASDAQ: MBVT) announced that they have rec

April 26, 2017 425

Community Bank System (Prospectus)

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 OR 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): April 26, 2017 (Exact name of registrant as specified in its charter) Delaware 001-13695 16-1213679 (State or other jurisdiction of incorporation) (Commission File Number) (I.R.S. Emp

April 25, 2017 EX-99

Scott A. Kingsley, EVP & Chief Financial Officer Office: (315) 445-3121

EX-99 2 cbna8k2016q4pressrelease.htm 8K Q4 EARNINGS RELEASE DOCUMENT FOR PRESS RELEASE Exhibit 99 News Release For further information, please contact: 5790 Widewaters Parkway, DeWitt, N.Y. 13214 Scott A. Kingsley, EVP & Chief Financial Officer Office: (315) 445-3121 Community Bank System Reports First Quarter 2017 Results - First Quarter GAAP EPS of $0.57 per share - Completed the acquisition of

April 25, 2017 425

Community Bank System 8K FOR Q1 2017 (Prospectus)

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 OR 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): April 24, 2017 (Exact name of registrant as specified in its charter) Delaware 001-13695 16-1213679 (State or other jurisdiction of incorporation) (Commission File Number) (I.R.S. Emp

April 20, 2017 EX-99.1

Merchants Bancshares, Inc. Reports First Quarter Results; Declares Dividend

Exhibit 99.1 For Release: April 20, 2017 Contact: Jamie Oberle, Merchants Bank, at (802) 865-1603 Merchants Bancshares, Inc. Reports First Quarter Results; Declares Dividend SOUTH BURLINGTON, VT? Merchants Bancshares, Inc. (NASDAQ: MBVT) (the ?Company?), the parent company of Merchants Bank, today announced net income of $3.6 million and $0.52 per diluted share for the first quarter of 2017 compar

April 20, 2017 8-K

Financial Statements and Exhibits, Results of Operations and Financial Condition

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of Report (Date of Earliest Event Reported) April 20, 2017 Merchants Bancshares, Inc. (Exact name of registrant as specified in its charter) Delaware 0-11595 03-0287342 (State or other jurisdiction of incorporation) (Commission

April 12, 2017 425

Community Bank System (Prospectus)

Filed by Community Bank System, Inc. Pursuant to Rule 425 under the Securities Act of 1933, as amended Subject Company: Merchants Bancshares, Inc. SEC Registration Statement Number: 333-214961 On April 10, 2017, Community Bank System, Inc. ("Community Bank System") made the below information available to the customers of Merchants Bancshares, Inc. ("Merchants") on its website. Greetings! We're del

March 23, 2017 EX-99.1

Merchants Bancshares, Inc. Stockholders Approve Merger

EX-99.1 2 a17-91021ex99d1.htm EX-99.1 Exhibit 99.1 For Release: March 23, 2017 Contact: Jamie Oberle, Merchants Bank, at (802) 865-1603 Merchants Bancshares, Inc. Stockholders Approve Merger SOUTH BURLINGTON, VT—Merchants Bancshares, Inc. (NASDAQ: MBVT) (the “Company”) today announced that its stockholders have voted to approve the previously announced merger of the Company with Community Bank Sys

March 23, 2017 8-K

Financial Statements and Exhibits, Other Events, Submission of Matters to a Vote of Security Holders

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of Report (Date of Earliest Event Reported) March 23, 2017 Merchants Bancshares, Inc. (Exact name of registrant as specified in its charter) Delaware 0-11595 03-0287342 (State or other jurisdiction of incorporation) (Commission

March 15, 2017 10-K

MBVT / Merchants Bancshares, Inc. 10-K (Annual Report)

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K [ X ] ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2016 or [ ] TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 0-11595 Merc

March 15, 2017 EX-10.32

EMPLOYMENT AGREEMENT

Exhibit 10.32 EMPLOYMENT AGREEMENT This Employment Agreement (“Agreement”) is made as of the 16th of April, 2015 (the “Commencement Date”), among Merchants Bank, a Vermont chartered bank (the “Bank”), Merchants Bancshares, Inc., a Delaware corporation (the “Corporation” and together with the Bank, the “Corporations”), and Jonathan Watson (the “Executive”). WHEREAS, the Corporation is a party to th

March 15, 2017 EX-10.31

EMPLOYMENT AGREEMENT

Exhibit 10.31 EMPLOYMENT AGREEMENT This Employment Agreement (“Agreement”) is made as of the 15th of April, 2015 (the “Commencement Date”), among Merchants Bank, a Vermont chartered bank (the “Bank”), Merchants Bancshares, Inc., a Delaware corporation (the “Corporation” and together with the Bank, the “Corporations”), and Bruce Bernier (the “Executive”). WHEREAS, the Corporation is a party to this

March 15, 2017 EX-10.30

ADDENDUM TO MANAGEMENT CONSULTING AGREEMENT

Exhibit 10.30 ADDENDUM TO MANAGEMENT CONSULTING AGREEMENT This addendum is an amendment to, and is made part of, the MANAGEMENT CONSULTING AGREEMENT (the “Agreement”) dated December 31, 2015 between Merchants Bancshares, Inc. (the “Company”) and CFO Consulting Partners LLC (the “Consultant”). WHEREAS, the Company desires the Consultant to provide revised consulting services described herein, and t

March 15, 2017 EX-10.29

MANAGEMENT CONSULTING AGREEMENT

Exhibit 10.29 MANAGEMENT CONSULTING AGREEMENT This MANAGEMENT CONSULTING AGREEMENT (the “Management Consulting Agreement” or the “Agreement”) is entered into by and between Merchants Bancshares, Inc., a Delaware corporation (the “Company”), and CFO Consulting Partners LLC, a New Jersey limited liability company (“Consultant”). WHEREAS, the Consultant and the Company are parties to a short-term con

February 10, 2017 DEFM14A

Merchants Bancshares DEFM14A

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 14A Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934 Filed by the Registrant x Filed by a Party other than the Registrant o Check the appropriate box: o Preliminary Proxy Statement o Confidential, for Use of the Commission Only (as permitted by Rule 14a-6(e)(2)) x Definitive Proxy State

January 26, 2017 8-K

Financial Statements and Exhibits, Results of Operations and Financial Condition

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of Report (Date of Earliest Event Reported) January 26, 2017 Merchants Bancshares, Inc. (Exact name of registrant as specified in its charter) Delaware 0-11595 03-0287342 (State or other jurisdiction of incorporation) (Commissio

January 26, 2017 EX-99.1

Merchants Bancshares, Inc. Financial Highlights (unaudited) (Dollars in thousands except share and per share data)

Exhibit 99.1 For Release: January 26, 2017 Contact: Jamie Oberle, Merchants Bank, at (802) 865-1603 Merchants Bancshares, Inc. Reports Fourth Quarter and Year End 2016 Results; Declares Dividend SOUTH BURLINGTON, VT? Merchants Bancshares, Inc. (NASDAQ: MBVT) (the ?Company?), the parent company of Merchants Bank, today announced net income of $3.1 million and $0.45 per diluted share for the fourth

December 28, 2016 EX-24

Power of Attorney

Exhibit 24 Power of Attorney Know all by these presents, that the undersigned Richard Donovan, (the ?Reporting Person?) hereby constitutes and appoints Jamie Oberle as the Reporting Person?s true and lawful attorneys-in-fact to: (1) execute for and on behalf of the Reporting Person, in the Reporting Person?s capacity as a reporting person pursuant to Section 16 of the Securities Exchange Act of 1934, as amended (the ?Exchange Act?), and the rules thereunder of Merchants Bancshares, Inc.

December 21, 2016 EX-10.1

EMPLOYMENT AGREEMENT

Exhibit 10.1 EMPLOYMENT AGREEMENT This Employment Agreement (?Agreement?) is made and effective this 16 day of December, 2016 (the ?Effective Date?) among Merchants Bank, a Vermont chartered bank (the ?Bank?), Merchants Bancshares, Inc., a Delaware corporation (the ?Corporation? and, together with the Bank, ?Merchants?) and Richard Donovan (the ?Executive Officer?). The Corporation and the Bank ma

December 21, 2016 8-K

Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers, Financial Statements and Exhibits

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of Report (Date of Earliest Event Reported) December 15, 2016 Merchants Bancshares, Inc. (Exact name of registrant as specified in its charter) Delaware 0-11595 03-0287342 (State or other jurisdiction (Commission (IRS Employer o

December 21, 2016 EX-10.2

* * * *

Exhibit 10.2 December 20, 2016 Marie Thresher c/o Merchants Bank 275 Kennedy Drive South Burlington, VT 05403 Re: Equity Acceleration Dear Marie: As you know, Merchants Bancshares, Inc. (?Merchants?), the parent company of Merchants Bank, has agreed to merge with and into Community Bank System, Inc. (together with its subsidiaries and affiliates, ?Community?). In order to help mitigate the potenti

November 23, 2016 425

Merchants Bancshares 425 (Prospectus)

Filed by Merchants Bancshares, Inc. Pursuant to Rule 425 under the Securities Act of 1933 and deemed filed pursuant to Rule 14a-12 under the Securities Exchange Act of 1934 Subject Company: Merchants Bancshares, Inc. Commission File No.: 0-11595 Merger Related FAQs November 23, 2016 ? Will we still have employee reviews as normal in 2017? ? Yes, employee evaluations will be completed as usual in 2

November 18, 2016 SC 13G

MBVT / Merchants Bancshares, Inc. / Brown Trout Management, LLC - SC 13G Passive Investment

SC 13G 1 sch13g.htm SC 13G UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No. )* Merchants Bancshares, Inc. (Name of Issuer) Common Stock, par value $.01 per share (Title of Class of Securities) 588448100 (CUSIP Number) November 16, 2016 (Date of Event which Requires Filing of this Statement) Check the appro

November 7, 2016 10-Q

Merchants Bancshares 10-Q (Quarterly Report)

mbvtCurrentFolio10Q Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.

November 7, 2016 EX-10.2

EMPLOYMENT AGREEMENT

Exhibit 10.2 EMPLOYMENT AGREEMENT This Employment Agreement (“Agreement”) is made and effective this 3rd day of October, 2016 between Merchants Bank, a Vermont chartered bank (“the Bank”), and Robert G. Ripley, Jr. (the “Executive Officer”). NOW, THEREFORE, in consideration of the mutual covenants and agreements herein contained and for other good and valuable consideration, the receipt and suffic

October 27, 2016 EX-2.1

AGREEMENT AND PLAN OF MERGER BY AND BETWEEN COMMUNITY BANK SYSTEM, INC. MERCHANTS BANCSHARES, INC. Dated as of October 22, 2016

Exhibit 2.1 AGREEMENT AND PLAN OF MERGER BY AND BETWEEN COMMUNITY BANK SYSTEM, INC. AND MERCHANTS BANCSHARES, INC. Dated as of October 22, 2016 TABLE OF CONTENTS Page ARTICLE 1 TRANSACTIONS AND TERMS OF MERGER Section 1.1 Merger 2 Section 1.2 Bank Merger 2 Section 1.3 Closing 2 Section 1.4 Effective Time 2 Section 1.5 Organizational Documents of Surviving Corporation; Directors and Officers 3 Sect

October 27, 2016 EX-99.1

Community Bank System, Inc. (NYSE:CBU) Q3 2016 Results / Merchants Acquisition Conference Call Transcript The following is a transcript of an investor call that took place on October 25, 2016. This transcript was prepared by a third party and has not

Exhibit 99.1 Community Bank System, Inc. (NYSE:CBU) Q3 2016 Results / Merchants Acquisition Conference Call Transcript The following is a transcript of an investor call that took place on October 25, 2016. This transcript was prepared by a third party and has not been independently verified by Community Bank System, Inc., and may contain errors. Important Information for Investors and Shareholders

October 27, 2016 425

Merchants Bancshares (Prospectus)

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 OR 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): October 22, 2016 (Exact name of registrant as specified in its charter) Delaware 001-13695 16-1213679 (State or other jurisdiction of incorporation) (Commission File Number) (I.R.S. E

October 27, 2016 EX-99.1

Merchants Bancshares, Inc. Reports Third Quarter Results; Declares Dividend

Exhibit 99.1 For Release: October 27, 2016 Contact: Jamie Oberle, Merchants Bank, at (802) 865-1603 Merchants Bancshares, Inc. Reports Third Quarter Results; Declares Dividend SOUTH BURLINGTON, VT? Merchants Bancshares, Inc. (NASDAQ: MBVT), the parent company of Merchants Bank, today announced net income of $3.9 million and $0.57 per diluted share for the third quarter of 2016 compared to net inco

October 27, 2016 8-K

Financial Statements and Exhibits, Results of Operations and Financial Condition

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of Report (Date of Earliest Event Reported) October 27, 2016 Merchants Bancshares, Inc. (Exact name of registrant as specified in its charter) Delaware 0-11595 03-0287342 (State or other jurisdiction of incorporation) (Commissio

October 24, 2016 425

Merchants Bancshares 425 (Prospectus)

Filed by Merchants Bancshares, Inc. Pursuant to Rule 425 under the Securities Act of 1933 and deemed filed pursuant to Rule 14a-12 under the Securities Exchange Act of 1934 Subject Company: Merchants Bancshares, Inc. Commission File No.: 0-11595 Community Bank System and Merchants Bancshares to Combine Joining Two Strong, Culturally Aligned Companies On October 24, 2016, Community Bank System and

October 24, 2016 425

Merchants Bancshares 425 (Prospectus)

Filed by Merchants Bancshares, Inc. Pursuant to Rule 425 under the Securities Act of 1933 and deemed filed pursuant to Rule 14a-12 under the Securities Exchange Act of 1934 Subject Company: Merchants Bancshares, Inc. Commission File No.: 0-11595 O C T O B E R 2016 ACQUISITION OF MERCHA NTS BANCSHARES, INC. Forward-Looking Statement & Additional Information This presentation contains certain ?forwa

October 24, 2016 425

Merchants Bancshares 425 (Prospectus)

Filed by Merchants Bancshares, Inc. Pursuant to Rule 425 under the Securities Act of 1933 and deemed filed pursuant to Rule 14a-12 under the Securities Exchange Act of 1934 Subject Company: Merchants Bancshares, Inc. Commission File No.: 0-11595 MBVT Employee FAQ 1. What was announced? ? We announced a definitive merger agreement to combine with Community Bank System. ? With this transaction, we a

October 24, 2016 425

Merchants Bancshares 425 (Prospectus)

Filed by Merchants Bancshares, Inc. Pursuant to Rule 425 under the Securities Act of 1933 and deemed filed pursuant to Rule 14a-12 under the Securities Exchange Act of 1934 Subject Company: Merchants Bancshares, Inc. Commission File No.: 0-11595 To: All Employees Subject: Today?s Important Announcement Dear Merchants Bank Team: Today marks an important moment in our company?s history. Earlier this

October 24, 2016 425

Merchants Bancshares 425 (Prospectus)

Filed by Merchants Bancshares, Inc. Pursuant to Rule 425 under the Securities Act of 1933 and deemed filed pursuant to Rule 14a-12 under the Securities Exchange Act of 1934 Subject Company: Merchants Bancshares, Inc. Commission File No.: 0-11595 COMMUNITY BANK SYSTEM AND MERCHANTS BANCSHARES ANNOUNCE AGREEMENT TO MERGE ? Natural Market Extension into Attractive Vermont Market with a High-Quality,

October 24, 2016 425

Merchants Bancshares 8K FOR Q3 2016 (Prospectus)

Submission Documents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.

October 24, 2016 EX-99

Scott A. Kingsley, EVP & Chief Financial Officer Office: (315) 445-3121

Exhibit 99.1 News Release For further information, please contact: 5790 Widewaters Parkway, DeWitt, N.Y. 13214 Scott A. Kingsley, EVP & Chief Financial Officer Office: (315) 445-3121 Community Bank System Reports Third Quarter 2016 Results - GAAP earnings of $27.2 million, or $0.61 per share - Increased dividend for the 24 th consecutive year SYRACUSE, N.Y. ? October 24, 2016 ? Community Bank Syst

October 24, 2016 EX-99.2

COMMUNITY BANK SYSTEM AND MERCHANTS BANCSHARES ANNOUNCE AGREEMENT TO MERGE

Exhibit 99.2 COMMUNITY BANK SYSTEM AND MERCHANTS BANCSHARES ANNOUNCE AGREEMENT TO MERGE · Natural Market Extension into Attractive Vermont Market with a High-Quality, Low Risk Partner · Financially Attractive Transaction with Significant Premium to MBVT Shareholders and Strong Earnings Accretion to CBU Shareholders · Transaction Fully Absorbs Cost of Crossing $10 Billion SYRACUSE, NY and SOUTH BUR

October 24, 2016 EX-99.3

EX-99.3

Exhibit 99.3

October 24, 2016 EX-99.1

COMMUNITY BANK SYSTEM AND MERCHANTS BANCSHARES ANNOUNCE AGREEMENT TO MERGE

Exhibit 99.1 COMMUNITY BANK SYSTEM AND MERCHANTS BANCSHARES ANNOUNCE AGREEMENT TO MERGE ? Natural Market Extension into Attractive Vermont Market with a High-Quality, Low Risk Partner ? Financially Attractive Transaction with Significant Premium to MBVT Shareholders and Strong Earnings Accretion to CBU Shareholders ? Transaction Fully Absorbs Cost of Crossing $10 Billion SYRACUSE, NY and SOUTH BUR

October 24, 2016 EX-3.1

AMENDMENT AMENDED AND RESTATED BY-LAWS MERCHANTS BANCSHARES, INC.

Exhibit 3.1 AMENDMENT TO AMENDED AND RESTATED BY-LAWS OF MERCHANTS BANCSHARES, INC. The Amended and Restated By-Laws of Merchants Bancshares, Inc. are hereby amended by inserting the following new Section 5.7 in its entirety. Section 5.7. Exclusive Jurisdiction of Delaware Courts. (a) Unless the Corporation consents in writing to the selection of an alternative forum, the sole and exclusive forum

October 24, 2016 8-K

Regulation FD Disclosure, Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year, Entry into a Material Definitive Agreement, Financial Statements and Exhibits

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of Report (Date of earliest event reported): October 22, 2016 Merchants Bancshares, Inc. (Exact name of registrant as specified in its charter) Delaware 0-11595 03-0287342 (State or other jurisdiction of incorporation) (Commissi

October 24, 2016 EX-2.1

AGREEMENT AND PLAN OF MERGER BY AND BETWEEN COMMUNITY BANK SYSTEM, INC. MERCHANTS BANCSHARES, INC. Dated as of October 22, 2016

Exhibit 2.1 Execution Copy AGREEMENT AND PLAN OF MERGER BY AND BETWEEN COMMUNITY BANK SYSTEM, INC. AND MERCHANTS BANCSHARES, INC. Dated as of October 22, 2016 TABLE OF CONTENTS Page ARTICLE 1 TRANSACTIONS AND TERMS OF MERGER Section 1.1 Merger 2 Section 1.2 Bank Merger 2 Section 1.3 Closing 2 Section 1.4 Effective Time 2 Section 1.5 Organizational Documents of Surviving Corporation; Directors and

October 24, 2016 EX-2.1

AGREEMENT AND PLAN OF MERGER BY AND BETWEEN COMMUNITY BANK SYSTEM, INC. MERCHANTS BANCSHARES, INC. Dated as of October 22, 2016

Exhibit 2.1 Execution Copy AGREEMENT AND PLAN OF MERGER BY AND BETWEEN COMMUNITY BANK SYSTEM, INC. AND MERCHANTS BANCSHARES, INC. Dated as of October 22, 2016 TABLE OF CONTENTS Page ARTICLE 1 TRANSACTIONS AND TERMS OF MERGER Section 1.1 Merger 2 Section 1.2 Bank Merger 2 Section 1.3 Closing 2 Section 1.4 Effective Time 2 Section 1.5 Organizational Documents of Surviving Corporation; Directors and

October 24, 2016 EX-3.1

AMENDMENT AMENDED AND RESTATED BY-LAWS MERCHANTS BANCSHARES, INC.

Exhibit 3.1 AMENDMENT TO AMENDED AND RESTATED BY-LAWS OF MERCHANTS BANCSHARES, INC. The Amended and Restated By-Laws of Merchants Bancshares, Inc. are hereby amended by inserting the following new Section 5.7 in its entirety. Section 5.7. Exclusive Jurisdiction of Delaware Courts. (a) Unless the Corporation consents in writing to the selection of an alternative forum, the sole and exclusive forum

October 24, 2016 EX-99.1

COMMUNITY BANK SYSTEM AND MERCHANTS BANCSHARES ANNOUNCE AGREEMENT TO MERGE

Exhibit 99.1 COMMUNITY BANK SYSTEM AND MERCHANTS BANCSHARES ANNOUNCE AGREEMENT TO MERGE ? Natural Market Extension into Attractive Vermont Market with a High-Quality, Low Risk Partner ? Financially Attractive Transaction with Significant Premium to MBVT Shareholders and Strong Earnings Accretion to CBU Shareholders ? Transaction Fully Absorbs Cost of Crossing $10 Billion SYRACUSE, NY and SOUTH BUR

October 24, 2016 425

Merchants Bancshares 8-K (Prospectus)

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of Report (Date of earliest event reported): October 22, 2016 Merchants Bancshares, Inc. (Exact name of registrant as specified in its charter) Delaware 0-11595 03-0287342 (State or other jurisdiction of incorporation) (Commissi

October 17, 2016 EX-24

Power of Attorney

Power of Attorney Know all by these presents, that the undersigned Robert G. Ripley, Jr., (the ?Reporting Person?) hereby constitutes and appoints Jamie Oberle as the Reporting Person?s true and lawful attorney-in-fact to: (1) execute for and on behalf of the Reporting Person, in the Reporting Person?s capacity as a reporting person pursuant to Section 16 of the Securities Exchange Act of 1934, as

August 3, 2016 10-Q

Merchants Bancshares 10-Q (Quarterly Report)

mbvtCurrentFolio10Q Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.

August 3, 2016 EX-10.1

EMPLOYMENT AGREEMENT

Exhibit 10.1 EMPLOYMENT AGREEMENT This Employment Agreement (“Agreement”) is made as of the 26th of May, 2016 (the “Commencement Date”), among Merchants Bank, a Vermont chartered bank (the “Bank”), Merchants Bancshares, Inc., a Delaware corporation (the “Corporation” and together with the Bank, the “Corporations”), and Anita Bourgeois (the “Executive”). WHEREAS, the Corporation is a party to this

July 21, 2016 EX-99.1

Merchants Bancshares, Inc. Reports Second Quarter EPS of $0.63; Declares Dividend

Exhibit 99.1 Merchants Bancshares, Inc. Reports Second Quarter EPS of $0.63; Declares Dividend SOUTH BURLINGTON, Vt., July 21, 2016 /PRNewswire/ - Merchants Bancshares, Inc. (NASDAQ: MBVT), the parent company of Merchants Bank, today announced net income of $4.4 million and $0.63 per diluted share for the second quarter of 2016 compared to net income of $3.5 million or $0.50 per diluted share in t

July 21, 2016 8-K

Financial Statements and Exhibits, Results of Operations and Financial Condition

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of Report (Date of Earliest Event Reported) July 21, 2016 Merchants Bancshares, Inc. (Exact name of registrant as specified in its charter) Delaware 0-11595 03-0287342 (State or other jurisdiction of incorporation) (Commission F

May 27, 2016 8-K

Submission of Matters to a Vote of Security Holders

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of Report (Date of Earliest Event Reported) May 26, 2016 Merchants Bancshares, Inc. (Exact name of registrant as specified in its charter) Delaware 0-11595 03-0287342 (State or other jurisdiction of incorporation) (Commission Fi

May 9, 2016 10-Q

Merchants Bancshares 10-Q (Quarterly Report)

mbvtCurrentFolio10Q Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.

May 3, 2016 DEFA14A

Merchants Bancshares DEFA14A

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 14A INFORMATION Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934 (Amendment No. ) Filed by the Registrant x Filed by a Party other than the Registrant o Check the appropriate box: o Preliminary Proxy Statement o Confidential, for Use of the Commission Only (as permitted by Rule 14a-6(e)

April 28, 2016 8-K

Financial Statements and Exhibits, Results of Operations and Financial Condition, Other Events

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of Report (Date of Earliest Event Reported) April 28, 2016 Merchants Bancshares, Inc. (Exact name of registrant as specified in its charter) Delaware 0-11595 03-0287342 (State or other jurisdiction of incorporation) (Commission

April 28, 2016 EX-99.1

Merchants Bancshares, Inc. Announces Dividend and First Quarter 2016 Results

Exhibit 99.1 Merchants Bancshares, Inc. Announces Dividend and First Quarter 2016 Results SOUTH BURLINGTON, Vt., April 28, 2016 /PRNewswire/ - Merchants Bancshares, Inc. (NASDAQ: MBVT), the parent company of Merchants Bank, today announced net income of $3.49 million, or $0.51 per basic share and $0.50 per diluted share for the first quarter of 2016. Excluding merger costs and severance expense, n

April 15, 2016 DEFA14A

Merchants Bancshares DEFA14A

mbvtCurrentFolioDEFA14A UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.

April 15, 2016 DEF 14A

Merchants Bancshares DEF 14A

mbvtCurrentFolioProxy Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.

March 25, 2016 8-K

Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of Report (Date of Earliest Event Reported) March 25, 2016 Merchants Bancshares, Inc. (Exact name of registrant as specified in its charter) Delaware 0-11595 03-0287342 (State or other jurisdiction of incorporation) (Commission

March 18, 2016 EX-99.1

Investor Presentation March 2016 NASDAQ: MBVT Preface This presentation contains some statements that may constitute forward - looking statements . Forward - looking statements relate to expectations, beliefs, projections, future plans and strategies

Exhibit 99.1 Investor Presentation March 2016 NASDAQ: MBVT Preface This presentation contains some statements that may constitute forward - looking statements . Forward - looking statements relate to expectations, beliefs, projections, future plans and strategies, anticipated events or trends and similar expressions concerning matters that are not historical facts . The forward - looking statement

March 18, 2016 8-K

Regulation FD Disclosure, Financial Statements and Exhibits

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of Report (Date of Earliest Event Reported) March 18, 2016 Merchants Bancshares, Inc. (Exact name of registrant as specified in its charter) Delaware 0-11595 03-0287342 (State or other jurisdiction of incorporation) (Commission

March 14, 2016 10-K

Merchants Bancshares 10-K (Annual Report)

mbvtCurrentFolio10K Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.

March 14, 2016 EX-10.9

GENERAL RELEASE AND SEPERATION AGREEMENT

Exhibit 10.9 GENERAL RELEASE AND SEPERATION AGREEMENT This General Release and Separation Agreement (“Release”) is between Merchants Bank, a Vermont Chartered bank and Merchants Bancshares, Inc., a Delaware corporation (collectively referred to as “the Corporations”) and Michael R. Tuttle (“Tuttle”). Tuttle’s employment with the Corporations has terminated effective December 31, 2015 and this Agre

March 14, 2016 EX-10.25

GENERAL RELEASE AND SEPARATION AGREEMENT

Exhibit 10.25 GENERAL RELEASE AND SEPARATION AGREEMENT This General Release (“Release”) is between Merchants Bank, a Vermont Chartered bank and Merchant Bancshares, Inc., a Delaware corporation (collectively referred to as “the Corporations”) and Thomas J. Meshako (“Executive”), this 7th day of January, 2016. For good and valuable consideration, as set forth in this General Release and Separation

March 14, 2016 EX-10.21

CONFIDENTIAL GENERAL RELEASE AND SEPARATION AGREEMENT

Exhibit 10.21 CONFIDENTIAL GENERAL RELEASE AND SEPARATION AGREEMENT This General Release (“Release”) is between Merchants Bank, a Vermont Chartered bank and Merchant Bancshares, Inc., a Delaware corporation (collectively referred to as “the Corporations”) and Molly Dillon (“the Executive”), this 11th day of December, 2015. For good and valuable consideration, as set forth in this General Release a

March 3, 2016 EX-99.1

Merchants Bancshares, Inc. Investor Presentation February 2016 NASDAQ: MBVT Preface This presentation contains some statements that may constitute forward - looking statements . Forward - looking statements relate to expectations, beliefs, projection

Exhibit 99.1 Merchants Bancshares, Inc. Investor Presentation February 2016 NASDAQ: MBVT Preface This presentation contains some statements that may constitute forward - looking statements . Forward - looking statements relate to expectations, beliefs, projections, future plans and strategies, anticipated events or trends and similar expressions concerning matters that are not historical facts . T

March 3, 2016 8-K

Regulation FD Disclosure, Financial Statements and Exhibits

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of Report (Date of Earliest Event Reported) February 29, 2016 Merchants Bancshares, Inc. (Exact name of registrant as specified in its charter) Delaware 0-11595 03-0287342 (State or other jurisdiction of incorporation) (Commissi

February 23, 2016 8-K

Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of Report (Date of Earliest Event Reported) February 17, 2016 Merchants Bancshares, Inc. (Exact name of registrant as specified in its charter) Delaware 0-11595 03-0287342 (State or other jurisdiction of incorporation) (Commissi

February 8, 2016 EX-99.1

FIG Partners Bank CEO Forum September 28 - 29, 2015 NASDAQ: MBVT February 2016 Fig Partners Investor Roadshow

Exhibit 99.1 FIG Partners Bank CEO Forum September 28 - 29, 2015 NASDAQ: MBVT February 2016 Fig Partners Investor Roadshow 2 FIG Partners Bank CEO Forum September 28 - 29, 2015 2 Special Note This presentation contains some statements that may constitute forward - looking statements . Forward - looking statements relate to expectations, beliefs, projections, future plans and strategies, anticipate

February 8, 2016 8-K

Regulation FD Disclosure, Financial Statements and Exhibits

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of Report (Date of Earliest Event Reported) February 8, 2016 Merchants Bancshares, Inc. (Exact name of registrant as specified in its charter) Delaware 0-11595 03-0287342 (State or other jurisdiction of incorporation) (Commissio

January 25, 2016 EX-99.1

CORPORATE PARTICIPANTS

Exhibit 99.1 Merchants Bancshares Fourth Quarter 2015 Earnings Friday, January 22, 2016, 9:00 A.M. Eastern CORPORATE PARTICIPANTS Geoffrey Hesslink - CEO Eric Segal - Interim Principal Accounting Officer and Finance Officer Marie Thresher - COO 1 PRESENTATION Operator Good morning and welcome to the Merchants Bancshares' Fourth Quarter 2015 Earnings Conference Call. All participants will be in lis

January 25, 2016 8-K

Merchants Bancshares FORM 8-K (Current Report/Significant Event)

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of Report (Date of Earliest Event Reported) January 22, 2016 Merchants Bancshares, Inc. (Exact name of registrant as specified in its charter) Delaware 0-11595 03-0287342 (State or other jurisdiction of incorporation) (Commissio

January 21, 2016 EX-99.1

Merchants Bancshares, Inc. Announces Dividend, Fourth Quarter and Year End 2015 Results

Exhibit 99.1 Merchants Bancshares, Inc. Announces Dividend, Fourth Quarter and Year End 2015 Results SOUTH BURLINGTON, Vt., Jan. 21, 2016 /PRNewswire/ - Merchants Bancshares, Inc. (NASDAQ: MBVT), the parent company of Merchants Bank, today announced net income of $2.31 million, or $0.36 per basic and diluted share for the fourth quarter of 2015. The fourth quarter of 2015 included $1.6 million of

January 21, 2016 8-K

Merchants Bancshares FORM 8-K (Current Report/Significant Event)

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of Report (Date of Earliest Event Reported) January 21, 2016 Merchants Bancshares, Inc. (Exact name of registrant as specified in its charter) Delaware 0-11595 03-0287342 (State or other jurisdiction of incorporation) (Commissio

January 21, 2016 8-K

Merchants Bancshares FORM 8-K (Current Report/Significant Event)

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of Report (Date of Earliest Event Reported) January 21, 2016 Merchants Bancshares, Inc. (Exact name of registrant as specified in its charter) Delaware 0-11595 03-0287342 (State or other jurisdiction of incorporation) (Commissio

January 8, 2016 8-K

Merchants Bancshares FORM 8-K (Current Report/Significant Event)

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of Report (Date of Earliest Event Reported) January 6, 2016 Merchants Bancshares, Inc. (Exact name of registrant as specified in its charter) Delaware 0-11595 03-0287342 (State or other jurisdiction of incorporation) (Commission

December 4, 2015 8-K/A

Merchants Bancshares FORM 8-K/A (Current Report/Significant Event)

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 8-K/A CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of Report (Date of Earliest Event Reported) December 3, 2015 Merchants Bancshares, Inc. (Exact name of registrant as specified in its charter) Delaware 0-11595 03-0287342 (State or other jurisdiction of incorporation) (Commiss

December 4, 2015 EX-99.1

Merchants Bancshares, Inc. Announces Completion of Merger with NUVO Bank & Trust Company

Exhibit 99.1 Merchants Bancshares, Inc. Announces Completion of Merger with NUVO Bank & Trust Company SOUTH BURLINGTON, Vt., Dec. 4, 2015 /PRNewswire/ - Merchants Bancshares, Inc. (NASDAQ: MBVT), today announced the completion of the merger of NUVO Bank & Trust Company (NUVO), located in Springfield, Massachusetts. NUVO's banking business will be operated as a division of Merchants Bank, a wholly

December 4, 2015 8-K

Merchants Bancshares FORM 8-K (Current Report/Significant Event)

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of Report (Date of Earliest Event Reported) December 4, 2015 Merchants Bancshares, Inc. (Exact name of registrant as specified in its charter) Delaware 0-11595 03-0287342 (State or other jurisdiction of incorporation) (Commissio

December 3, 2015 EX-99.1

Merchants Bancshares, Inc. Announces Results of Elections Regarding NUVO Bank & Trust Company Merger Consideration

Exhibit 99.1 Merchants Bancshares, Inc. Announces Results of Elections Regarding NUVO Bank & Trust Company Merger Consideration SOUTH BURLINGTON, Vt., Dec. 3, 2015 /PRNewswire/ - Merchants Bancshares, Inc. (NASDAQ: MBVT) ("Merchants") today announced the results of the cash/stock elections regarding the merger consideration to be received by shareholders of NUVO Bank & Trust Company ("NUVO") in co

December 3, 2015 8-K

Merchants Bancshares FORM 8-K (Current Report/Significant Event)

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of Report (Date of Earliest Event Reported) December 3, 2015 Merchants Bancshares, Inc. (Exact name of registrant as specified in its charter) Delaware 0-11595 03-0287342 (State or other jurisdiction of incorporation) (Commissio

November 24, 2015 EX-99.1

Merchants Bancshares, Inc. Announces Appointment of President and CEO

Exhibit 99.1 Merchants Bancshares, Inc. Announces Appointment of President and CEO SOUTH BURLINGTON, Vt., Nov. 24, 2015 /PRNewswire/ - Merchants Bancshares, Inc. (NASDAQ: MBVT), announced today that its Board of Directors has appointed Geoffrey R. Hesslink as the President and CEO of Merchants Bancshares, Inc. (Merchants), effective January 1, 2016. Mr. Hesslink currently serves as President and C

November 24, 2015 8-K

Merchants Bancshares FORM 8-K (Current Report/Significant Event)

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of Report (Date of Earliest Event Reported) November 19, 2015 Merchants Bancshares, Inc. (Exact name of registrant as specified in its charter) Delaware 0-11595 03-0287342 (State or other jurisdiction of incorporation) (Commissi

November 5, 2015 EX-99.1

Merchants Bancshares, Inc. and NUVO Bank & Trust Company Announce Receipt of All Regulatory and Shareholder Approvals for Merger

EX-99.1 2 v423926ex99-1.htm EXHIBIT 99.1 Exhibit 99.1 Merchants Bancshares, Inc. and NUVO Bank & Trust Company Announce Receipt of All Regulatory and Shareholder Approvals for Merger SOUTH BURLINGTON, Vt. and SPRINGFIELD, Mass., Nov. 5, 2015 /PRNewswire/ - Merchants Bancshares, Inc. ("Merchants") (NASDAQ: MBVT), the parent company of Merchants Bank, and NUVO Bank & Trust Company, Springfield, MA (

November 5, 2015 425

Merchants Bancshares FORM 8-K (Prospectus)

425 1 v4239268k.htm FORM 8-K UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of Report (Date of Earliest Event Reported) November 3, 2015 Merchants Bancshares, Inc. (Exact name of registrant as specified in its charter) Delaware 0-11595 03-0287342 (State or other jurisdiction

November 5, 2015 8-K

Merchants Bancshares FORM 8-K (Current Report/Significant Event)

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of Report (Date of Earliest Event Reported) November 3, 2015 Merchants Bancshares, Inc. (Exact name of registrant as specified in its charter) Delaware 0-11595 03-0287342 (State or other jurisdiction of incorporation) (Commissio

November 5, 2015 EX-99.1

Merchants Bancshares, Inc. and NUVO Bank & Trust Company Announce Receipt of All Regulatory and Shareholder Approvals for Merger

Exhibit 99.1 Merchants Bancshares, Inc. and NUVO Bank & Trust Company Announce Receipt of All Regulatory and Shareholder Approvals for Merger SOUTH BURLINGTON, Vt. and SPRINGFIELD, Mass., Nov. 5, 2015 /PRNewswire/ - Merchants Bancshares, Inc. ("Merchants") (NASDAQ: MBVT), the parent company of Merchants Bank, and NUVO Bank & Trust Company, Springfield, MA ("NUVO") today announced that they have re

November 2, 2015 EX-99.1

IMMEDIATE ACTION REQUIRED

Exhibit 99.1 IMMEDIATE ACTION REQUIRED October 30, 2015 Dear NUVO Bank & Trust Company Shareholder: In connection with the proposed merger of NUVO Bank & Trust Company (?NUVO?) with and into Merchants Bank, you were previously sent an Election Form and Letter of Transmittal. If you have already submitted a properly completed Election Form and Letter of Transmittal with your NUVO stock certificates

November 2, 2015 EX-99.1

IMMEDIATE ACTION REQUIRED

Exhibit 99.1 IMMEDIATE ACTION REQUIRED October 30, 2015 Dear NUVO Bank & Trust Company Shareholder: In connection with the proposed merger of NUVO Bank & Trust Company (?NUVO?) with and into Merchants Bank, you were previously sent an Election Form and Letter of Transmittal. If you have already submitted a properly completed Election Form and Letter of Transmittal with your NUVO stock certificates

November 2, 2015 8-K

Financial Statements and Exhibits, Other Events

8-K 1 v4235238k.htm FORM 8-K UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of Report (Date of Earliest Event Reported) October 30, 2015 Merchants Bancshares, Inc. (Exact name of registrant as specified in its charter) Delaware 03-0287342 (State or other jurisdiction of inco

November 2, 2015 425

Merchants Bancshares FORM 8-K (Prospectus)

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of Report (Date of Earliest Event Reported) October 30, 2015 Merchants Bancshares, Inc. (Exact name of registrant as specified in its charter) Delaware 03-0287342 (State or other jurisdiction of incorporation) (IRS Employer Iden

October 28, 2015 EX-99.1

CORPORATE PARTICIPANTS

Exhibit 99.1 Merchant Bancshares, Inc. Third Quarter 2015 Earnings Conference Call October 27, 2015 at 10:00 AM Eastern CORPORATE PARTICIPANTS Michael Tuttle, President and Chief Executive Officer Geoffrey Hesslink, President and Chief Executive Officer, Merchants Bank Thomas Meshako, Chief Financial Officer 1 PRESENTATION Operator This communication does not constitute an offer to sell or the sol

October 28, 2015 425

Merchants Bancshares FORM 8-K (Prospectus)

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of Report (Date of Earliest Event Reported) October 22, 2015 Merchants Bancshares, Inc. (Exact name of registrant as specified in its charter) Delaware 0-11595 03-0287342 (State or other jurisdiction of incorporation) (Commissio

October 28, 2015 EX-99.1

CORPORATE PARTICIPANTS

Exhibit 99.1 Merchant Bancshares, Inc. Third Quarter 2015 Earnings Conference Call October 27, 2015 at 10:00 AM Eastern CORPORATE PARTICIPANTS Michael Tuttle, President and Chief Executive Officer Geoffrey Hesslink, President and Chief Executive Officer, Merchants Bank Thomas Meshako, Chief Financial Officer 1 PRESENTATION Operator This communication does not constitute an offer to sell or the sol

October 28, 2015 8-K

Merchants Bancshares FORM 8-K (Current Report/Significant Event)

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of Report (Date of Earliest Event Reported) October 22, 2015 Merchants Bancshares, Inc. (Exact name of registrant as specified in its charter) Delaware 0-11595 03-0287342 (State or other jurisdiction of incorporation) (Commissio

October 26, 2015 425

Merchants Bancshares FORM 8-K (Prospectus)

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of Report (Date of Earliest Event Reported) October 26, 2015 Merchants Bancshares, Inc. (Exact name of registrant as specified in its charter) Delaware 0-11595 03-0287342 (State or other jurisdiction of incorporation) (Commissio

October 26, 2015 8-K

Merchants Bancshares FORM 8-K (Current Report/Significant Event)

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of Report (Date of Earliest Event Reported) October 26, 2015 Merchants Bancshares, Inc. (Exact name of registrant as specified in its charter) Delaware 0-11595 03-0287342 (State or other jurisdiction of incorporation) (Commissio

October 26, 2015 EX-99.1

Merchants Bancshares, Inc. Announces Dividend and Third Quarter 2015 Results

Exhibit 99.1 Merchants Bancshares, Inc. Announces Dividend and Third Quarter 2015 Results SOUTH BURLINGTON, Vt., Oct. 26, 2015 /PRNewswire/ - Merchants Bancshares, Inc. (NASDAQ: MBVT), the parent company of Merchants Bank, today announced net income of $3.86 million and $10.31 million, or diluted earnings per share of $0.61 and $1.62, for the three and nine months ended September 30, 2015, respect

October 26, 2015 EX-99.1

Merchants Bancshares, Inc. Announces Dividend and Third Quarter 2015 Results

Exhibit 99.1 Merchants Bancshares, Inc. Announces Dividend and Third Quarter 2015 Results SOUTH BURLINGTON, Vt., Oct. 26, 2015 /PRNewswire/ - Merchants Bancshares, Inc. (NASDAQ: MBVT), the parent company of Merchants Bank, today announced net income of $3.86 million and $10.31 million, or diluted earnings per share of $0.61 and $1.62, for the three and nine months ended September 30, 2015, respect

September 30, 2015 8-K

Other Events

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of Report (Date of Earliest Event Reported) September 30, 2015 Merchants Bancshares, Inc. (Exact name of registrant as specified in its charter) Delaware 0-11595 03-0287342 (State or other jurisdiction of incorporation) (Commiss

September 30, 2015 425

Merchants Bancshares FORM 8-K (Prospectus)

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of Report (Date of Earliest Event Reported) September 30, 2015 Merchants Bancshares, Inc. (Exact name of registrant as specified in its charter) Delaware 0-11595 03-0287342 (State or other jurisdiction of incorporation) (Commiss

September 29, 2015 8-K

Merchants Bancshares FORM 8-K (Current Report/Significant Event)

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of Report (Date of Earliest Event Reported) September 29, 2015 Merchants Bancshares, Inc. (Exact name of registrant as specified in its charter) Delaware 0-11595 03-0287342 (State or other jurisdiction of incorporation) (Commiss

September 29, 2015 EX-99.1

FIG Partners Bank CEO Forum September 28 - 29, 2015 Merchants Bancshares, Inc. South Burlington, VT 2 FIG Partners Bank CEO Forum September 28 - 29, 2015 Special Note This presentation contains some statements that may constitute forward - looking st

Exhibit 99.1 FIG Partners Bank CEO Forum September 28 - 29, 2015 Merchants Bancshares, Inc. South Burlington, VT 2 FIG Partners Bank CEO Forum September 28 - 29, 2015 Special Note This presentation contains some statements that may constitute forward - looking statements . Forward - looking statements relate to expectations, beliefs, projections, future plans and strategies, anticipated events or

September 29, 2015 EX-99.1

FIG Partners Bank CEO Forum September 28 - 29, 2015 Merchants Bancshares, Inc. South Burlington, VT 2 FIG Partners Bank CEO Forum September 28 - 29, 2015 Special Note This presentation contains some statements that may constitute forward - looking st

Exhibit 99.1 FIG Partners Bank CEO Forum September 28 - 29, 2015 Merchants Bancshares, Inc. South Burlington, VT 2 FIG Partners Bank CEO Forum September 28 - 29, 2015 Special Note This presentation contains some statements that may constitute forward - looking statements . Forward - looking statements relate to expectations, beliefs, projections, future plans and strategies, anticipated events or

September 29, 2015 425

Merchants Bancshares FORM 8-K (Prospectus)

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of Report (Date of Earliest Event Reported) September 29, 2015 Merchants Bancshares, Inc. (Exact name of registrant as specified in its charter) Delaware 0-11595 03-0287342 (State or other jurisdiction of incorporation) (Commiss

September 9, 2015 EX-99.1

**** IMPORTANT REMINDER ****

Exhibit 99.1 **** IMPORTANT REMINDER **** September 8, 2015 Dear NUVO Shareholder: By now, you should have received your proxy material for the Special Meeting of NUVO Bank & Trust Company to be held on September 30, 2015. Our records indicate you have not yet voted your shares at the time of the mailing of this reminder letter. Each shareholder?s vote is extremely important because the proposal t

September 9, 2015 425

Merchants Bancshares FORM 8-K (Prospectus)

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of Report (Date of Earliest Event Reported) September 8, 2015 Merchants Bancshares, Inc. (Exact name of registrant as specified in its charter) Delaware 0-11595 03-0287342 (State or other jurisdiction of incorporation) (Commissi

September 9, 2015 8-K

Merchants Bancshares FORM 8-K (Current Report/Significant Event)

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of Report (Date of Earliest Event Reported) September 8, 2015 Merchants Bancshares, Inc. (Exact name of registrant as specified in its charter) Delaware 0-11595 03-0287342 (State or other jurisdiction of incorporation) (Commissi

September 9, 2015 EX-99.1

**** IMPORTANT REMINDER ****

Exhibit 99.1 **** IMPORTANT REMINDER **** September 8, 2015 Dear NUVO Shareholder: By now, you should have received your proxy material for the Special Meeting of NUVO Bank & Trust Company to be held on September 30, 2015. Our records indicate you have not yet voted your shares at the time of the mailing of this reminder letter. Each shareholder?s vote is extremely important because the proposal t

September 2, 2015 8-K

Other Events

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of Report (Date of Earliest Event Reported) August 27, 2015 Merchants Bancshares, Inc. (Exact name of registrant as specified in its charter) Delaware 0-11595 03-0287342 (State or other jurisdiction of incorporation) (Commission

September 2, 2015 425

Merchants Bancshares FORM 8-K (Prospectus)

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of Report (Date of Earliest Event Reported) August 27, 2015 Merchants Bancshares, Inc. (Exact name of registrant as specified in its charter) Delaware 0-11595 03-0287342 (State or other jurisdiction of incorporation) (Commission

August 25, 2015 424B3

NUVO BANK & TRUST COMPANY 1500 Main Street Tower Square, Suite 152 Springfield, Massachusetts 01115 NOTICE OF SPECIAL MEETING OF SHAREHOLDERS TO BE HELD SEPTEMBER 30, 2015

MERGER PROPOSED?YOUR VOTE IS VERY IMPORTANT On April 27, 2015, Merchants Bancshares, Inc.

August 25, 2015 EX-99.2

PUBLIC HEARING ON AUGUST 24, 2015 APPLICATION OF MERCHANTS BANK FOR APPROVAL TO MERGE WITH NUVO BANK & TRUST COMPANY TESTIMONY OF GEOFFREY R. HESSLINK

Exhibit 99.2 PUBLIC HEARING ON AUGUST 24, 2015 APPLICATION OF MERCHANTS BANK FOR APPROVAL TO MERGE WITH NUVO BANK & TRUST COMPANY TESTIMONY OF GEOFFREY R. HESSLINK Good afternoon. My name is Geoffrey R. Hesslink and I am the President and Chief Executive Officer of Merchants Bank. Prior to January 1, 2015, I served as the Bank?s Executive Vice President and Senior Lending Officer and have served i

August 25, 2015 EX-99.2

PUBLIC HEARING ON AUGUST 24, 2015 APPLICATION OF MERCHANTS BANK FOR APPROVAL TO MERGE WITH NUVO BANK & TRUST COMPANY TESTIMONY OF GEOFFREY R. HESSLINK

Exhibit 99.2 PUBLIC HEARING ON AUGUST 24, 2015 APPLICATION OF MERCHANTS BANK FOR APPROVAL TO MERGE WITH NUVO BANK & TRUST COMPANY TESTIMONY OF GEOFFREY R. HESSLINK Good afternoon. My name is Geoffrey R. Hesslink and I am the President and Chief Executive Officer of Merchants Bank. Prior to January 1, 2015, I served as the Bank?s Executive Vice President and Senior Lending Officer and have served i

August 25, 2015 8-K

Merchants Bancshares FORM 8-K (Current Report/Significant Event)

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of Report (Date of Earliest Event Reported) August 24, 2015 Merchants Bancshares, Inc. (Exact name of registrant as specified in its charter) Delaware 0-11595 03-0287342 (State or other jurisdiction of incorporation) (Commission

August 25, 2015 EX-99.3

STATE OF VERMONT DEPARTMENT OF FINANCIAL REGULATION PUBLIC HEARING August 24, 2015 MERGER OF NUVO BANK & TRUST COMPANY MERCHANTS BANK Testimony of Donald R. Chase Chairman of the Board of Directors NUVO Bank & Trust Company

EX-99.3 4 v419044ex99-3.htm EXHIBIT 99.3 Exhibit 99.3 STATE OF VERMONT DEPARTMENT OF FINANCIAL REGULATION PUBLIC HEARING August 24, 2015 MERGER OF NUVO BANK & TRUST COMPANY INTO MERCHANTS BANK Testimony of Donald R. Chase Chairman of the Board of Directors NUVO Bank & Trust Company I. Introduction Good afternoon. I am Donald R. Chase, Chairman of the Board of Directors of NUVO Bank & Trust Company

August 25, 2015 EX-99.1

PUBLIC HEARING ON AUGUST 24, 2015 APPLICATION OF MERCHANTS BANK FOR APPROVAL TO MERGE WITH NUVO BANK & TRUST COMPANY TESTIMONY OF MICHAEL R. TUTTLE

Exhibit 99.1 PUBLIC HEARING ON AUGUST 24, 2015 APPLICATION OF MERCHANTS BANK FOR APPROVAL TO MERGE WITH NUVO BANK & TRUST COMPANY TESTIMONY OF MICHAEL R. TUTTLE Good afternoon. My name is Michael R. Tuttle. I am the President and Chief Executive Officer of Merchants Bancshares, Inc. and prior to January 1, 2015 I also served as the President and Chief Executive Officer of Merchants Bank. I have be

August 25, 2015 EX-99.3

STATE OF VERMONT DEPARTMENT OF FINANCIAL REGULATION PUBLIC HEARING August 24, 2015 MERGER OF NUVO BANK & TRUST COMPANY MERCHANTS BANK Testimony of Donald R. Chase Chairman of the Board of Directors NUVO Bank & Trust Company

Exhibit 99.3 STATE OF VERMONT DEPARTMENT OF FINANCIAL REGULATION PUBLIC HEARING August 24, 2015 MERGER OF NUVO BANK & TRUST COMPANY INTO MERCHANTS BANK Testimony of Donald R. Chase Chairman of the Board of Directors NUVO Bank & Trust Company I. Introduction Good afternoon. I am Donald R. Chase, Chairman of the Board of Directors of NUVO Bank & Trust Company (?NUVO?). I have served in this capacity

August 25, 2015 425

Merchants Bancshares FORM 8-K (Prospectus)

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of Report (Date of Earliest Event Reported) August 24, 2015 Merchants Bancshares, Inc. (Exact name of registrant as specified in its charter) Delaware 0-11595 03-0287342 (State or other jurisdiction of incorporation) (Commission

August 25, 2015 EX-99.1

PUBLIC HEARING ON AUGUST 24, 2015 APPLICATION OF MERCHANTS BANK FOR APPROVAL TO MERGE WITH NUVO BANK & TRUST COMPANY TESTIMONY OF MICHAEL R. TUTTLE

Exhibit 99.1 PUBLIC HEARING ON AUGUST 24, 2015 APPLICATION OF MERCHANTS BANK FOR APPROVAL TO MERGE WITH NUVO BANK & TRUST COMPANY TESTIMONY OF MICHAEL R. TUTTLE Good afternoon. My name is Michael R. Tuttle. I am the President and Chief Executive Officer of Merchants Bancshares, Inc. and prior to January 1, 2015 I also served as the President and Chief Executive Officer of Merchants Bank. I have be

August 13, 2015 CORRESP

Merchants Bancshares ESP

August 13, 2015 VIA EDGAR TRANSMISSION United States Securities and Exchange Commission Division of Corporation Finance 100 F Street, N.

August 13, 2015 S-4/A

Merchants Bancshares AMENDMENT NO. 1

As filed with the U.S. Securities and Exchange Commission on August 13, 2015 Registration No. 333-206021 UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 AMENDMENT NO. 1 TO FORM S-4 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 Merchants Bancshares, Inc. (Exact name of registrant as specified in its charter) Delaware 6022 03-0287342 (State or other jurisdiction of

July 31, 2015 S-4

Merchants Bancshares BODY OF FORM S-4

APPENDIX A As filed with the U.S. Securities and Exchange Commission on _, 2015 Registration No. 333- UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 _ FORM S-4 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 _ Merchants Bancshares, Inc. (Exact name of registrant as specified in its charter) _ Delaware 6022 03-0287342 (State or other jurisdiction of incorporation or

July 29, 2015 EX-99.1

CORPORATE PARTICIPANTS

Exhibit 99.1 Merchants Bancshares, Inc. Second Quarter 2015 Earnings Call July 28, 2015 at 10:00 a.m. Eastern CORPORATE PARTICIPANTS Michael Tuttle ? President and Chief Executive Officer of Merchants Bancshares, Inc. Geoffrey Hesslink ? President and Chief Executive Officer of Merchants Bank Thomas Meshako ? Chief Financial Officer 1 PRESENTATION Unknown Speaker This communication does not consti

July 29, 2015 EX-99.1

KBW Community Bank Investor Conference July 28 - 29, 2015 Merchants Bancshares, Inc. South Burlington, VT 2 KBW Community Bank Investor Conference July 28 - 29, 2015 Special Note This presentation contains some statements that may constitute forward

Exhibit 99.1 KBW Community Bank Investor Conference July 28 - 29, 2015 Merchants Bancshares, Inc. South Burlington, VT 2 KBW Community Bank Investor Conference July 28 - 29, 2015 Special Note This presentation contains some statements that may constitute forward - looking statements . Forward - looking statements relate to expectations, beliefs, projections, future plans and strategies, anticipate

July 29, 2015 EX-99.1

CORPORATE PARTICIPANTS

Exhibit 99.1 Merchants Bancshares, Inc. Second Quarter 2015 Earnings Call July 28, 2015 at 10:00 a.m. Eastern CORPORATE PARTICIPANTS Michael Tuttle ? President and Chief Executive Officer of Merchants Bancshares, Inc. Geoffrey Hesslink ? President and Chief Executive Officer of Merchants Bank Thomas Meshako ? Chief Financial Officer 1 PRESENTATION Unknown Speaker This communication does not consti

July 29, 2015 425

Merchants Bancshares FORM 8-K (Prospectus)

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of Report (Date of Earliest Event Reported) July 28, 2015 Merchants Bancshares, Inc. (Exact name of registrant as specified in its charter) Delaware 0-11595 03-0287342 (State or other jurisdiction of incorporation) (Commission F

July 29, 2015 8-K

Merchants Bancshares FORM 8-K (Current Report/Significant Event)

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of Report (Date of Earliest Event Reported) July 29, 2015 Merchants Bancshares, Inc. (Exact name of registrant as specified in its charter) Delaware 0-11595 03-0287342 (State or other jurisdiction of incorporation) (Commission F

July 29, 2015 425

Merchants Bancshares FORM 8-K (Prospectus)

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of Report (Date of Earliest Event Reported) July 29, 2015 Merchants Bancshares, Inc. (Exact name of registrant as specified in its charter) Delaware 0-11595 03-0287342 (State or other jurisdiction of incorporation) (Commission F

July 29, 2015 EX-99.1

KBW Community Bank Investor Conference July 28 - 29, 2015 Merchants Bancshares, Inc. South Burlington, VT 2 KBW Community Bank Investor Conference July 28 - 29, 2015 Special Note This presentation contains some statements that may constitute forward

Exhibit 99.1 KBW Community Bank Investor Conference July 28 - 29, 2015 Merchants Bancshares, Inc. South Burlington, VT 2 KBW Community Bank Investor Conference July 28 - 29, 2015 Special Note This presentation contains some statements that may constitute forward - looking statements . Forward - looking statements relate to expectations, beliefs, projections, future plans and strategies, anticipate

July 29, 2015 8-K

Merchants Bancshares FORM 8-K (Current Report/Significant Event)

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of Report (Date of Earliest Event Reported) July 28, 2015 Merchants Bancshares, Inc. (Exact name of registrant as specified in its charter) Delaware 0-11595 03-0287342 (State or other jurisdiction of incorporation) (Commission F

July 27, 2015 8-K

Merchants Bancshares FORM 8-K (Current Report/Significant Event)

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of Report (Date of Earliest Event Reported) July 27, 2015 Merchants Bancshares, Inc. (Exact name of registrant as specified in its charter) Delaware 0-11595 03-0287342 (State or other jurisdiction of incorporation) (Commission F

July 27, 2015 EX-99.1

Merchants Bancshares, Inc. Announces Dividend and Second Quarter 2015 Results

Merchants Bancshares, Inc. Announces Dividend and Second Quarter 2015 Results SOUTH BURLINGTON, Vt., July 27, 2015 /PRNewswire/ - 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

July 27, 2015 425

Merchants Bancshares FORM 8-K (Prospectus)

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of Report (Date of Earliest Event Reported) July 27, 2015 Merchants Bancshares, Inc. (Exact name of registrant as specified in its charter) Delaware 0-11595 03-0287342 (State or other jurisdiction of incorporation) (Commission F

July 27, 2015 EX-99.1

Merchants Bancshares, Inc. Announces Dividend and Second Quarter 2015 Results

Merchants Bancshares, Inc. Announces Dividend and Second Quarter 2015 Results SOUTH BURLINGTON, Vt., July 27, 2015 /PRNewswire/ - 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

July 9, 2015 8-K

Merchants Bancshares FORM 8-K (Current Report/Significant Event)

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of Report (Date of Earliest Event Reported) July 2, 2015 Merchants Bancshares, Inc. (Exact name of registrant as specified in its charter) Delaware 0-11595 03-0287342 (State or other jurisdiction of incorporation) (Commission Fi

July 9, 2015 425

Merchants Bancshares FORM 8-K (Prospectus)

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of Report (Date of Earliest Event Reported) July 2, 2015 Merchants Bancshares, Inc. (Exact name of registrant as specified in its charter) Delaware 0-11595 03-0287342 (State or other jurisdiction of incorporation) (Commission Fi

July 9, 2015 EX-2.1

BANK MERGER AGREEMENT

Exhibit 2.1 BANK MERGER AGREEMENT This BANK MERGER AGREEMENT dated as of July 2, 2015, is (i) made by and between Merchants Bank ("Merchants Bank"), a Vermont-chartered commercial bank headquartered at 275 Kennedy Drive, South Burlington, Vermont, and NUVO Bank & Trust Company ("NUVO"), a Massachusetts-chartered trust company headquartered at 1500 Main Street, Springfield, Massachusetts; and (ii)

July 9, 2015 EX-2.1

BANK MERGER AGREEMENT

Exhibit 2.1 BANK MERGER AGREEMENT This BANK MERGER AGREEMENT dated as of July 2, 2015, is (i) made by and between Merchants Bank ("Merchants Bank"), a Vermont-chartered commercial bank headquartered at 275 Kennedy Drive, South Burlington, Vermont, and NUVO Bank & Trust Company ("NUVO"), a Massachusetts-chartered trust company headquartered at 1500 Main Street, Springfield, Massachusetts; and (ii)

June 29, 2015 EX-99.1

Michael Cataldo Joins Merchants Bank as SVP, Director of Operations

Michael Cataldo Joins Merchants Bank as SVP, Director of Operations BURLINGTON, Vt.

June 29, 2015 8-K

Merchants Bancshares FORM 8-K (Current Report/Significant Event)

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of Report (Date of Earliest Event Reported) June 25, 2015 Merchants Bancshares, Inc. (Exact name of registrant as specified in its charter) Delaware 0-11595 03-0287342 (State or other jurisdiction of incorporation) (Commission F

June 29, 2015 EX-10.1

EMPLOYMENT AGREEMENT

Exhibit 10.1 EMPLOYMENT AGREEMENT This Employment Agreement (?Agreement?) is made as of the 1st of June, 2015 (the ?Commencement Date?), among Merchants Bank, a Vermont chartered bank (the ?Bank?), Merchants Bancshares, Inc., a Delaware corporation (the ?Corporation? and together with the Bank, the ?Corporations?), and Michael J. Cataldo (the ?Executive?). WHEREAS, the Corporation is a party to th

May 28, 2015 8-K

Merchants Bancshares FORM 8-K (Current Report/Significant Event)

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of Report (Date of Earliest Event Reported) May 28, 2015 Merchants Bancshares, Inc. (Exact name of registrant as specified in its charter) Delaware 0-11595 03-0287342 (State or other jurisdiction of incorporation) (Commission Fi

April 29, 2015 EX-10

EMPLOYMENT AGREEMENT

Exhibit 10.1 EMPLOYMENT AGREEMENT This Employment Agreement (?Agreement?) is made as of the 16 of April, 2015 (the ?Commencement Date?), among Merchants Bank, a Vermont chartered bank (the ?Bank?), Merchants Bancshares, Inc., a Delaware corporation (the ?Corporation? and together with the Bank, the ?Corporations?), and Geoffrey R. Hesslink (the ?Executive?). WHEREAS, the Bank and the Executive hav

April 29, 2015 EX-10

EMPLOYMENT AGREEMENT

Exhibit 10.2 EMPLOYMENT AGREEMENT This Employment Agreement (?Agreement?) is made as of the 16 of April, 2015 (the ?Commencement Date?), among Merchants Bank, a Vermont chartered bank (the ?Bank?), Merchants Bancshares, Inc., a Delaware corporation (the ?Corporation? and together with the Bank, the ?Corporations?) and Thomas J. Meshako (the ?Executive?). WHEREAS, the Bank and the Executive have pr

April 29, 2015 8-K

Merchants Bancshares BODY OF FORM 8-K (Current Report/Significant Event)

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of Report (Date of Earliest Event Reported) April 23, 2015 Merchants Bancshares, Inc. (Exact name of registrant as specified in its charter) Delaware 0-11595 03-0287342 (State or other jurisdiction of incorporation) (Commission

April 29, 2015 EX-10

EMPLOYMENT AGREEMENT

Exhibit 10.3 EMPLOYMENT AGREEMENT This Employment Agreement (?Agreement?) is made as of the [] of [], 201 (the ?Commencement Date?), among Merchants Bank, a Vermont chartered bank (the ?Bank?), Merchants Bancshares, Inc., a Delaware corporation (the ?Corporation? and together with the Bank, the ?Corporations?) and [] (the ?Executive?). WHEREAS, the Bank and the Executive have previously entered in

April 28, 2015 EX-99.4

EX-99.4

April 28, 2015 8-K

Merchants Bancshares FORM 8-K (Current Report/Significant Event)

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of Report (Date of Earliest Event Reported) April 28, 2015 Merchants Bancshares, Inc. (Exact name of registrant as specified in its charter) Delaware 0-11595 03-0287342 (State or other jurisdiction of incorporation) (Commission

April 28, 2015 EX-99.4

EX-99.4

April 28, 2015 EX-99.3

EX-99.3

April 28, 2015 425

Merchants Bancshares FORM 8-K (Prospectus)

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of Report (Date of Earliest Event Reported) April 28, 2015 Merchants Bancshares, Inc. (Exact name of registrant as specified in its charter) Delaware 0-11595 03-0287342 (State or other jurisdiction of incorporation) (Commission

April 28, 2015 EX-99.1

CORPORATE PARTICIPANTS

EXHIBIT 99.1 Merchants Bancshares, Inc. Q1 2015 Earnings April 28, 2015 at 10:00 am Eastern CORPORATE PARTICIPANTS Michael Tuttle - President, Chief Executive Officer, Merchants Bancshares Geoffrey Hesslink - Chief Executive Officer, President, Merchants Bank Thomas Meshako - CFO, Merchants Bank, Merchants Bancshares 1 PRESENTATION Unknown Speaker This communication does not constitute an offer to

April 28, 2015 8-K/A

Regulation FD Disclosure, Entry into a Material Definitive Agreement, Financial Statements and Exhibits

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 8-K/A CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of Report (Date of Earliest Event Reported) April 27, 2015 Merchants Bancshares, Inc. (Exact name of registrant as specified in its charter) Delaware 0-11595 03-0287342 (State or other jurisdiction of incorporation) (Commissio

April 28, 2015 425

Merchants Bancshares 8-K/A (Prospectus)

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 8-K/A CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of Report (Date of Earliest Event Reported) April 27, 2015 Merchants Bancshares, Inc. (Exact name of registrant as specified in its charter) Delaware 0-11595 03-0287342 (State or other jurisdiction of incorporation) (Commissio

April 28, 2015 EX-99.1

CORPORATE PARTICIPANTS

EXHIBIT 99.1 Merchants Bancshares, Inc. Q1 2015 Earnings April 28, 2015 at 10:00 am Eastern CORPORATE PARTICIPANTS Michael Tuttle - President, Chief Executive Officer, Merchants Bancshares Geoffrey Hesslink - Chief Executive Officer, President, Merchants Bank Thomas Meshako - CFO, Merchants Bank, Merchants Bancshares 1 PRESENTATION Unknown Speaker This communication does not constitute an offer to

April 28, 2015 EX-99.3

Merchants Bancshares EXHIBIT 99.3

April 27, 2015 EX-99.2

2 Disclaimer This presentation contains some statements that may constitute forward - looking statements . Forward - looking statements relate to expectations, beliefs, projections, future plans and strategies, anticipated events or trends and simila

Merchants Bancshares, Inc. South Burlington, VT Acquisition of NUVO Bank & Trust Company April 27, 2015 Exhibit 99.2 2 Disclaimer This presentation contains some statements that may constitute forward - looking statements . Forward - looking statements relate to expectations, beliefs, projections, future plans and strategies, anticipated events or trends and similar expressions concerning matters

April 27, 2015 425

Merchants Bancshares FORM 8-K (Prospectus)

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of Report (Date of Earliest Event Reported) April 27, 2015 Merchants Bancshares, Inc. (Exact name of registrant as specified in its charter) Delaware 0-11595 03-0287342 (State or other jurisdiction of incorporation) (Commission

April 27, 2015 EX-99.2

2 Disclaimer This presentation contains some statements that may constitute forward - looking statements . Forward - looking statements relate to expectations, beliefs, projections, future plans and strategies, anticipated events or trends and simila

Merchants Bancshares, Inc. South Burlington, VT Acquisition of NUVO Bank & Trust Company April 27, 2015 Exhibit 99.2 2 Disclaimer This presentation contains some statements that may constitute forward - looking statements . Forward - looking statements relate to expectations, beliefs, projections, future plans and strategies, anticipated events or trends and similar expressions concerning matters

April 27, 2015 EX-99.1

Merchants Bancshares Eyes Growth Opportunity Through Agreement To Acquire NUVO Bank & Trust Company

Merchants Bancshares Eyes Growth Opportunity Through Agreement To Acquire NUVO Bank & Trust Company Targeted commercial banking opportunity marks first expansion outside Vermont SOUTH BURLINGTON, Vt.

April 27, 2015 425

Merchants Bancshares CURRENT REPORT (Prospectus)

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of Report (Date of Earliest Event Reported) April 27, 2015 Merchants Bancshares, Inc. (Exact name of registrant as specified in its charter) Delaware 0-11595 03-0287342 (State or other jurisdiction of incorporation) (Commission

April 27, 2015 EX-2.1

PLAN OF MERGER by and between Merchants Bancshares, Inc. NUVO Bank & Trust Company Dated as of April 27, 2015 TABLE OF CONTENTS

Exhibit 2.1 AGREEMENT AND PLAN OF MERGER by and between Merchants Bancshares, Inc. and NUVO Bank & Trust Company Dated as of April 27, 2015 TABLE OF CONTENTS RECITALS 1 ARTICLE I - THE MERGER 2 Section 1.01. The Merger 2 Section 1.02. Tax Consequences 2 Section 1.03. Charter, Articles of Association and Bylaws of the Surviving Bank 2 Section 1.04. Directors and Officers; Continuity of Business; Lo

April 27, 2015 EX-99.1

Merchants Bancshares, Inc. Announces Dividend and First Quarter 2015 Results

Merchants Bancshares, Inc. Announces Dividend and First Quarter 2015 Results SOUTH BURLINGTON, Vt., April 27, 2015 /PRNewswire/ - Merchants Bancshares, Inc. (NASDAQ: MBVT), the parent company of Merchants Bank, today announced net income of $3.34 million, or $0.53 per basic and diluted share for the first quarter of 2015. This compares to net income of $3.40 million, or $0.54 per basic and diluted

April 27, 2015 EX-99.1

Merchants Bancshares, Inc. Announces Dividend and First Quarter 2015 Results

Merchants Bancshares, Inc. Announces Dividend and First Quarter 2015 Results SOUTH BURLINGTON, Vt., April 27, 2015 /PRNewswire/ - Merchants Bancshares, Inc. (NASDAQ: MBVT), the parent company of Merchants Bank, today announced net income of $3.34 million, or $0.53 per basic and diluted share for the first quarter of 2015. This compares to net income of $3.40 million, or $0.54 per basic and diluted

April 27, 2015 8-K

Merchants Bancshares FORM 8-K (Current Report/Significant Event)

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of Report (Date of Earliest Event Reported) April 27, 2015 Merchants Bancshares, Inc. (Exact name of registrant as specified in its charter) Delaware 0-11595 03-0287342 (State or other jurisdiction of incorporation) (Commission

April 27, 2015 EX-2.1

PLAN OF MERGER by and between Merchants Bancshares, Inc. NUVO Bank & Trust Company Dated as of April 27, 2015 TABLE OF CONTENTS

Exhibit 2.1 AGREEMENT AND PLAN OF MERGER by and between Merchants Bancshares, Inc. and NUVO Bank & Trust Company Dated as of April 27, 2015 TABLE OF CONTENTS RECITALS 1 ARTICLE I - THE MERGER 2 Section 1.01. The Merger 2 Section 1.02. Tax Consequences 2 Section 1.03. Charter, Articles of Association and Bylaws of the Surviving Bank 2 Section 1.04. Directors and Officers; Continuity of Business; Lo

April 27, 2015 EX-99.1

Merchants Bancshares Eyes Growth Opportunity Through Agreement To Acquire NUVO Bank & Trust Company

Merchants Bancshares Eyes Growth Opportunity Through Agreement To Acquire NUVO Bank & Trust Company Targeted commercial banking opportunity marks first expansion outside Vermont SOUTH BURLINGTON, Vt.

April 27, 2015 8-K

Merchants Bancshares CURRENT REPORT (Current Report/Significant Event)

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of Report (Date of Earliest Event Reported) April 27, 2015 Merchants Bancshares, Inc. (Exact name of registrant as specified in its charter) Delaware 0-11595 03-0287342 (State or other jurisdiction of incorporation) (Commission

April 17, 2015 DEF 14A

Merchants Bancshares DEF 14A

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 14A (RULE 14a-101) Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934 (Amendment No. ) Filed by the Registrant [X] Filed by a Party other than the Registrant [ ] Check the appropriate box: [ ] Preliminary Proxy Statement [ ] Confidential, for Use of the Commission Only (as permitted by Ru

March 3, 2015 8-K

Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers, Other Events

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of Report (Date of Earliest Event Reported) February 26, 2015 Merchants Bancshares, Inc. (Exact name of registrant as specified in its charter) Delaware 0-11595 03-0287342 (State or other jurisdiction of incorporation) (Commissi

February 3, 2015 8-K

Other Events

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of Report (Date of Earliest Event Reported) January 29, 2015 Merchants Bancshares, Inc. (Exact name of registrant as specified in its charter) Delaware 0-11595 03-0287342 (State or other jurisdiction of incorporation) (Commissio

January 29, 2015 8-K

Financial Statements and Exhibits, Results of Operations and Financial Condition

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of Report (Date of Earliest Event Reported) January 29, 2015 Merchants Bancshares, Inc. (Exact name of registrant as specified in its charter) Delaware 0-11595 03-0287342 (State or other jurisdiction of incorporation) (Commissio

January 29, 2015 EX-99.1

Merchants Bancshares, Inc. Announces Dividend, Fourth Quarter and Year End 2014 Results

Merchants Bancshares, Inc. Announces Dividend, Fourth Quarter and Year End 2014 Results SOUTH BURLINGTON, Vt., Jan. 29, 2015 /PRNewswire/ - Merchants Bancshares, Inc. (NASDAQ: MBVT), the parent company of Merchants Bank, today announced net income of $2.50 million, or $0.40 per basic and $0.39 per diluted share for the fourth quarter of 2014. This compares to net income of $3.82 million, or $0.61

December 22, 2014 8-K

Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers, Financial Statements and Exhibits

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of Report (Date of Earliest Event Reported) December 19, 2014 Merchants Bancshares, Inc. (Exact name of registrant as specified in its charter) Delaware 0-11595 03-0287342 (State or other jurisdiction of incorporation) (Commissi

December 22, 2014 EX-99.1

Merchants Bank Announces New Executive Officers

Exhibit 99.1 For Release: December 19, 2014 Contact: Geoffrey R. Hesslink (802) 865-1601 Merchants Bank Announces New Executive Officers SOUTH BURLINGTON, VT — Geoffrey R. Hesslink, Executive Vice President and Chief Operating Officer of Merchants Bank and, effective January 1, 2015, Merchants Bank’s President and CEO, announced a number of executive officer changes at Merchants Bank today. Effect

November 24, 2014 8-K

Financial Statements and Exhibits, Other Events

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of Report (Date of Earliest Event Reported) November 21, 2014 Merchants Bancshares, Inc. (Exact name of registrant as specified in its charter) Delaware 0-11595 03-0287342 (State or other jurisdiction of incorporation) (Commissi

November 24, 2014 EX-99.1

Merchants Bancshares, Inc. Announces Appointment of Chief Executive Officer of Merchants Bank

Exhibit 99.1 For Release: November 21, 2014 Contact: Michael R. Tuttle (802) 865-1808 Merchants Bancshares, Inc. Announces Appointment of Chief Executive Officer of Merchants Bank SOUTH BURLINGTON, VT—Merchants Bancshares, Inc. (NASDAQ: MBVT), President and CEO, Michael R. Tuttle, announced the appointment of Geoffrey R. Hesslink as the thirteenth President and CEO of Merchants’ main operating sub

October 30, 2014 S-8 POS

MBVT / Merchants Bancshares, Inc. S-8 POS - - FORM S-8 POS

As filed with the Securities and Exchange Commission on October 30, 2014 Registration No.

October 21, 2014 8-K

Financial Statements and Exhibits, Results of Operations and Financial Condition

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of Report (Date of Earliest Event Reported) October 21, 2014 Merchants Bancshares, Inc. (Exact name of registrant as specified in its charter) Delaware 0-11595 03-0287342 (State or other jurisdiction of incorporation) (Commissio

October 21, 2014 EX-99.1

Merchants Bancshares, Inc. Announces Third Quarter 2014 Results

Merchants Bancshares, Inc. Announces Third Quarter 2014 Results SOUTH BURLINGTON, Vt., Oct. 21, 2014 /PRNewswire/ - Merchants Bancshares, Inc. (NASDAQ: MBVT), the parent company of Merchants Bank, today announced net income of $2.81 million and $9.62 million, or diluted earnings per share of $0.44 and $1.52 for the three and nine months ended September 30, 2014, respectively. This compares to net

October 16, 2014 8-K

Financial Statements and Exhibits, Other Events

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of Report (Date of Earliest Event Reported) October 16, 2014 Merchants Bancshares, Inc. (Exact name of registrant as specified in its charter) Delaware 0-11595 03-0287342 (State or other jurisdiction of incorporation) (Commissio

October 16, 2014 EX-99.1

Merchants Bancshares, Inc. Announces Dividend Declaration and Earnings Release Calendar

Merchants Bancshares, Inc. Announces Dividend Declaration and Earnings Release Calendar SOUTH BURLINGTON, Vt., Oct. 16, 2014 /PRNewswire/ - Merchants Bancshares, Inc. (NASDAQ: MBVT), the parent company of Merchants Bank, announced that its Board of Directors declared today, October 16, 2014, a dividend of 28 cents per share, payable November 13, 2014, to shareholders of record as of October 30, 20

October 2, 2014 EX-99

Merchants Bancshares, Inc. Announces Appointment of Chief Financial Officer

Exhibit 99 Exhibit 99.1 For Release: October 2, 2014 Contact: Michael R. Tuttle (802) 865-1808 Merchants Bancshares, Inc. Announces Appointment of Chief Financial Officer SOUTH BURLINGTON, VT—Merchants Bancshares, Inc. (NASDAQ: MBVT), the parent company of Merchants Bank, announced that Thomas Meshako has been appointed as Chief Financial Officer and Treasurer effective November 10, 2014. Mr. Mesh

October 2, 2014 8-K

Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers, Financial Statements and Exhibits

UNITED STATES UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of Report (Date of Earliest Event Reported) October 2, 2014 Merchants Bancshares, Inc. (Exact name of registrant as specified in its charter) Delaware 0-11595 03-0287342 (State or other jurisdiction of incorporatio

September 19, 2014 8-K

Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers, Financial Statements and Exhibits

UNITED STATES UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of Report (Date of Earliest Event Reported) September 19, 2014 Merchants Bancshares, Inc. (Exact name of registrant as specified in its charter) Delaware 0-11595 03-0287342 (State or other jurisdiction of incorpora

September 19, 2014 EX-99

Merchants Bancshares, Inc. Announces Resignation of Chief Financial Officer

Exhibit 99 Exhibit 99.1 For Release: September 19, 2014 Contact: Michael R. Tuttle (802) 865-1808 Merchants Bancshares, Inc. Announces Resignation of Chief Financial Officer SOUTH BURLINGTON, VT—Merchants Bancshares, Inc. (NASDAQ: MBVT), the parent company of Merchants Bank, announced that Janet P. Spitler, Merchants Bancshares, Inc. Chief Financial Officer and Treasurer, is resigning effective De

July 24, 2014 8-K

Financial Statements and Exhibits, Results of Operations and Financial Condition

UNITED STATES UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of Report (Date of Earliest Event Reported) July 22, 2014 Merchants Bancshares, Inc. (Exact name of registrant as specified in its charter) Delaware 0-11595 03-0287342 (State or other jurisdiction of incorporation)

July 24, 2014 EX-99

Merchants Bancshares, Inc. Announces Second Quarter 2014 Results

Exhibit 99 Exhibit 99.1 For Release: July 22, 2014 Contact: Jodi Bachand, Merchants Bank, at (802) 865-1807 Merchants Bancshares, Inc. Announces Second Quarter 2014 Results SOUTH BURLINGTON, VT— Merchants Bancshares, Inc. (NASDAQ: MBVT), the parent company of Merchants Bank, today announced net income of $3.41 million and $6.82 million, or diluted earnings per share of $0.54 and $1.07 for the thre

July 17, 2014 8-K

Financial Statements and Exhibits, Other Events

UNITED STATES UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of Report (Date of Earliest Event Reported) July 17, 2014 Merchants Bancshares, Inc. (Exact name of registrant as specified in its charter) Delaware 0-11595 03-0287342 (State or other jurisdiction of incorporation)

July 17, 2014 EX-99

Merchants Bancshares, Inc. Announces Dividend Declaration and Earnings Release Calendar

For Release: October 15, 1998 Exhibit 99.1 For Release: July 17, 2014 Contact: Jodi Bachand (802) 865-1807 Merchants Bancshares, Inc. Announces Dividend Declaration and Earnings Release Calendar SOUTH BURLINGTON, VT—Merchants Bancshares, Inc. (NASDAQ: MBVT), the parent company of Merchants Bank, announced that its Board of Directors declared today, July 17, 2014, a dividend of 28 cents per share,

May 19, 2014 8-K

Submission of Matters to a Vote of Security Holders

UNITED STATES UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of Report (Date of Earliest Event Reported) May 15, 2014 Merchants Bancshares, Inc. (Exact name of registrant as specified in its charter) Delaware 0-11595 03-0287342 (State or other jurisdiction of incorporation)

April 23, 2014 8-K

Financial Statements and Exhibits, Results of Operations and Financial Condition - BODY OF FORM 8-K

UNITED STATES UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of Report (Date of Earliest Event Reported) April 22, 2014 Merchants Bancshares, Inc. (Exact name of registrant as specified in its charter) Delaware 0-11595 03-0287342 (State or other jurisdiction of incorporation

April 23, 2014 EX-99

Merchants Bancshares, Inc. Announces First Quarter 2014 Results, Loans up 6% from March 31, 2013

For Release: October 15, 1998 Exhibit 99.1 For Release: April 22, 2014 Contact: Margaret Bouffard, Merchants Bank, at (802) 865-1807 Merchants Bancshares, Inc. Announces First Quarter 2014 Results, Loans up 6% from March 31, 2013 SOUTH BURLINGTON, VT— Merchants Bancshares, Inc. (NASDAQ: MBVT), the parent company of Merchants Bank, today announced net income of $3.40 million, or diluted earnings pe

April 18, 2014 EX-99

For Release: April 17, 2014

For Release: October 15, 1998 Exhibit 99.1 For Release: April 17, 2014 Contact: Margaret M. Bouffard (802) 865-1807 Merchants Bancshares, Inc. Announces Dividend Declaration and Earnings Release Calendar SOUTH BURLINGTON, VT—Merchants Bancshares, Inc. (NASDAQ: MBVT), the parent company of Merchants Bank, announced that its Board of Directors declared today, April 17, 2014 a dividend of 28 cents pe

April 18, 2014 8-K

Financial Statements and Exhibits, Other Events

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of Report (Date of Earliest Event Reported) April 17, 2014 Merchants Bancshares, Inc. (Exact name of registrant as specified in its charter) Delaware 0-11595 03-0287342 (State or other jurisdiction of incorporation) (Commission

April 2, 2014 DEF 14A

-

MERCHANTS BANCSHARES, INC UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.

March 20, 2014 8-K

Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers

UNITED STATES UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of Report (Date of Earliest Event Reported) March 20, 2014 Merchants Bancshares, Inc. (Exact name of registrant as specified in its charter) Delaware 0-11595 03-0287342 (State or other jurisdiction of incorporation

March 10, 2014 10-K

Merchants Bancshares 10-K (Annual Report)

69acf217672d4a9 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K [ X ] ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2013 or [ ] TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 0-11595 Mercha

February 13, 2014 EX-99.I

to Schedule 13G

EX-99.I Exhibit I to Schedule 13G Ameriprise Financial, Inc., a Delaware Corporation, is a parent holding company. The classification and identity of the relevant subsidiaries is as follows: Investment Adviser – Columbia Management Investment Advisers, LLC is an investment adviser registered under section 203 of the Investment Advisers Act of 1940.

February 13, 2014 EX-99.II

to Schedule 13G Joint Filing Agreement

EX-99.II Exhibit II to Schedule 13G Joint Filing Agreement The undersigned persons agree and consent to the joint filing on their behalf of this Schedule 13G dated February 12, 2014 in connection with their beneficial ownership of Merchants Bancshares, Inc. Columbia Management Investment Advisers, LLC authorizes Ameriprise Financial, Inc. to execute the Schedule 13G to which this Exhibit is attach

February 13, 2014 SC 13G/A

MBVT / Merchants Bancshares, Inc. / AMERIPRISE FINANCIAL INC - SC 13G/A Passive Investment

SC 13G/A 1 d673507dsc13ga.htm SC 13G/A SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G Under the Securities and Exchange Act of 1934 Amendment #3 Merchants Bancshares, Inc. (Name of Issuer) Common Stock (Title of Class of Securities) 588448100 (CUSIP Number) December 31, 2013 (Date of Event Which Requires Filing of this Statement) Check the appropriate box to designate the r

January 28, 2014 EX-99

Merchants Bancshares, Inc. Announces 2013 Results Highlighted by 9% Growth in Average Loans

For Release: October 15, 1998 Exhibit 99.1 For Release: January 28, 2014 Contact: Margaret Bouffard, Merchants Bank, at (802) 865-1807 Merchants Bancshares, Inc. Announces 2013 Results Highlighted by 9% Growth in Average Loans SOUTH BURLINGTON, VT— Merchants Bancshares, Inc. (NASDAQ: MBVT), the parent company of Merchants Bank, today announced net income of $3.82 million and $15.13 million, or dil

January 28, 2014 8-K

Financial Statements and Exhibits, Results of Operations and Financial Condition - BODY OF FORM 8-K

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of Report (Date of Earliest Event Reported) January 28, 2014 Merchants Bancshares, Inc. (Exact name of registrant as specified in its charter) Delaware 0-11595 03-0287342 (State or other jurisdiction of incorporation) (Commissio

January 23, 2014 8-K

Financial Statements and Exhibits, Other Events

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of Report (Date of Earliest Event Reported) January 23, 2014 Merchants Bancshares, Inc. (Exact name of registrant as specified in its charter) Delaware 0-11595 03-0287342 (State or other jurisdiction of incorporation) (Commissio

January 23, 2014 EX-99

Merchants Bancshares, Inc. Announces Dividend Declaration, Earnings Release Calendar and Extension of Stock Buyback Program

For Release: October 15, 1998 Exhibit 99.1 For Release: January 23, 2014 Contact: Margaret M. Bouffard (802) 865-1807 Merchants Bancshares, Inc. Announces Dividend Declaration, Earnings Release Calendar and Extension of Stock Buyback Program SOUTH BURLINGTON, VT—Merchants Bancshares, Inc. (NASDAQ: MBVT), the parent company of Merchants Bank, announced that its Board of Directors declared today, Ja

October 25, 2013 8-K

Financial Statements and Exhibits, Results of Operations and Financial Condition - BODY OF FORM 8-K

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of Report (Date of Earliest Event Reported) October 24, 2013 Merchants Bancshares, Inc. (Exact name of registrant as specified in its charter) Delaware (State or other jurisdiction of incorporation) 0-11595 (Commission File Numb

October 25, 2013 EX-99

Merchants Bancshares, Inc. Announces Third Quarter 2013 Results highlighted by Strong Loan and Deposit Growth

For Release: October 15, 1998 Exhibit 99.1 For Release: October 24, 2013 Contact: Margaret Bouffard, Merchants Bank, at (802) 865-1807 Merchants Bancshares, Inc. Announces Third Quarter 2013 Results highlighted by Strong Loan and Deposit Growth SOUTH BURLINGTON, VT— Merchants Bancshares, Inc. (NASDAQ: MBVT), the parent company of Merchants Bank, today announced net income of $3.67 million and $11.

October 17, 2013 8-K

Financial Statements and Exhibits, Other Events - BODY OF FORM 8-K

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of Report (Date of Earliest Event Reported) October 17, 2013 Merchants Bancshares, Inc. (Exact name of registrant as specified in its charter) Delaware 0-11595 03-0287342 (State or other jurisdiction of incorporation) (Commissio

October 17, 2013 EX-99

Merchants Bancshares, Inc. Announces Dividend Declaration and Earnings Release Calendar

For Release: October 15, 1998 Exhibit 99.1 For Release: October 17, 2013 Contact: Margaret M. Bouffard (802) 865-1807 Merchants Bancshares, Inc. Announces Dividend Declaration and Earnings Release Calendar SOUTH BURLINGTON, VT—Merchants Bancshares, Inc. (NASDAQ: MBVT), the parent company of Merchants Bank, announced that its Board of Directors declared today, October 17, 2013, a dividend of 28 cen

July 23, 2013 8-K

Regulation FD Disclosure, Financial Statements and Exhibits, Results of Operations and Financial Condition - BODY OF FORM 8-K

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of Report (Date of Earliest Event Reported) July 22, 2013 Merchants Bancshares, Inc. (Exact name of registrant as specified in its charter) Delaware 0-11595 03-0287342 (State or other jurisdiction of incorporation) (Commission F

July 23, 2013 EX-99

Merchants Bancshares, Inc. Announces Second Quarter 2013 Results – Highlighted by Steady Loan Growth and Expense Control

For Release: October 15, 1998 Exhibit 99.1 For Release: July 22, 2013 Contact: Margaret Bouffard, Merchants Bank, at (802) 865-1807 Merchants Bancshares, Inc. Announces Second Quarter 2013 Results – Highlighted by Steady Loan Growth and Expense Control SOUTH BURLINGTON, VT— Merchants Bancshares, Inc. (NASDAQ: MBVT), the parent company of Merchants Bank, today announced net income of $4.03 million

July 19, 2013 EX-99

Merchants Bancshares, Inc. Announces Dividend Declaration and Earnings Release Calendar

For Release: October 15, 1998 Exhibit 99.1 For Release: July 18, 2013 Contact: Margaret M. Bouffard (802) 865-1807 Merchants Bancshares, Inc. Announces Dividend Declaration and Earnings Release Calendar SOUTH BURLINGTON, VT—Merchants Bancshares, Inc. (NASDAQ: MBVT), the parent company of Merchants Bank, announced that its Board of Directors declared today, July 18th, 2013, a dividend of 28 cents p

July 19, 2013 8-K

Financial Statements and Exhibits, Other Events - BODY OF FORM 8-K

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of Report (Date of Earliest Event Reported) July 18, 2013 Merchants Bancshares, Inc. (Exact name of registrant as specified in its charter) Delaware 0-11595 03-0287342 (State or other jurisdiction of incorporation) (Commission F

May 22, 2013 EX-99

Merchants Bank Announces Promotion of Geoffrey Hesslink to Chief Operating Officer

Converted by EDGARwiz Exhibit 99.1 Merchants Bank Announces Promotion of Geoffrey Hesslink to Chief Operating Officer SOUTH BURLINGTON, VT — Michael R. Tuttle, President and CEO of Merchants Bank, announced that Geoffrey R. Hesslink was appointed Chief Operating Officer. “I have had the great pleasure of working with Geoffrey for 20 years and have a deep appreciation for the partnership we have to

May 22, 2013 8-K

Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers, Financial Statements and Exhibits - 8K DATED MAY 16, 2013

SECURITIES AND EXCHANGE COMMISSION UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.

May 10, 2013 8-K

Submission of Matters to a Vote of Security Holders - FORM 8-K DATED MAY 7, 2013

UNITED STATES UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of Report (Date of Earliest Event Reported) May 7, 2013 Merchants Bancshares, Inc. (Exact name of registrant as specified in its charter) Delaware 0-11595 03-0287342 (State or other jurisdiction of incorporation) (

April 24, 2013 EX-99

Merchants Bancshares, Inc. Announces Strong First Quarter 2013 Results– New Record High Loan Totals

Exhibit 99.1 For Release: April 23, 2013 Contact: Janet Kinney, Merchants Bank, at (802) 865-1807 Merchants Bancshares, Inc. Announces Strong First Quarter 2013 Results– New Record High Loan Totals SOUTH BURLINGTON, VT—Merchants Bancshares, Inc. (NASDAQ: MBVT), the parent company of Merchants Bank, today announced net income of $3.61 million, or diluted earnings per share of $0.57 for the three mo

April 24, 2013 8-K

Financial Statements and Exhibits, Results of Operations and Financial Condition - BODY OF FORM 8-K

UNITED STATES UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of Report (Date of Earliest Event Reported) April 23, 2013 Merchants Bancshares, Inc. (Exact name of registrant as specified in its charter) Delaware 0-11595 03-0287342 (State or other jurisdiction of incorporation

April 19, 2013 EX-99

Merchants Bancshares, Inc. Announces Dividend Declaration and Earnings Release Calendar

For Release: October 15, 1998 Exhibit 99.1 Merchants Bancshares, Inc. Announces Dividend Declaration and Earnings Release Calendar SOUTH BURLINGTON, VT—Merchants Bancshares, Inc. (NASDAQ: MBVT), the parent company of Merchants Bank, announced that its Board of Directors declared today, April 18, 2013, a dividend of 28 cents per share, payable May 16, 2013, to shareholders of record as of May 2, 20

April 19, 2013 8-K

Financial Statements and Exhibits, Other Events - BODY OF FORM 8-K

UNITED STATES UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of Report (Date of Earliest Event Reported) April 18, 2013 Merchants Bancshares, Inc. (Exact name of registrant as specified in its charter) Delaware 0-11595 03-0287342 (State or other jurisdiction of incorporation

March 28, 2013 DEF 14A

- BODY OF DEF 14A

MERCHANTS BANCSHARES, INC UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.

March 28, 2013 DEFA14A

- BODY OF FORM DEFA14A

Important Notice of Availability of Proxy Materials for the Shareholder Meeting of Important Notice of Availability of Proxy Materials for the Shareholder Meeting of MERCHANTS BANCSHARES, INC.

March 8, 2013 EX-16

KPMG LLP

Microsoft Word - Merchants 8K Response Letter.docx Exhibit 16.1 KPMG LLP 515 Broadway Albany, NY 12207 March 7, 2013 Securities and Exchange Commission Washington, D.C. 20549 Ladies and Gentlemen: We were previously principal accountants for Merchants Bancshares, Inc. and, under the date of March 5, 2013, we reported on the consolidated financial statements of Merchants Bancshares, Inc. and subsid

March 8, 2013 8-K/A

Financial Statements and Exhibits, Changes in Registrant's Certifying Accountant

UNITED STATES UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 8-K/A CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of Report (Date of Earliest Event Reported) March 5, 2013 Merchants Bancshares, Inc. (Exact name of registrant as specified in its charter) Delaware 0-11595 03-0287342 (State or other jurisdiction of incorporatio

February 27, 2013 8-K

Financial Statements and Exhibits, Changes in Registrant's Certifying Accountant

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of Report (Date of Earliest Event Reported) February 21, 2013 Merchants Bancshares, Inc. (Exact name of registrant as specified in its charter) Delaware 0-11595 03-0287342 (State or other jurisdiction of incorporation) (Commissi

February 27, 2013 EX-16

February 27, 2013

A52.4 Letter to the SEC in response to comments made by a former client reporting a change in principal auditors on Form 8-K/A after our actual termination (that is, upon issuance of our audit report(s)) Exhibit 16.1 February 27, 2013 Securities and Exchange Commission Washington, D.C. 20549 Ladies and Gentlemen: We are currently principal accountants for Merchants Bancshares, Inc. and, under the

February 13, 2013 EX-99.I

to Schedule 13G

EX-99.I Exhibit I to Schedule 13G Ameriprise Financial, Inc., a Delaware Corporation, is a parent holding company. The classification and identity of the relevant subsidiaries is as follows: Investment Adviser – Columbia Management Investment Advisers, LLC is an investment adviser registered under section 203 of the Investment Advisers Act of 1940.

February 13, 2013 EX-99.II

to Schedule 13G Joint Filing Agreement

EX-99.II Exhibit II to Schedule 13G Joint Filing Agreement The undersigned persons agree and consent to the joint filing on their behalf of this Schedule 13G dated February 12, 2013 in connection with their beneficial ownership of Merchants Bancshares, Inc. Columbia Management Investment Advisers, LLC authorizes Ameriprise Financial, Inc. to execute the Schedule 13G to which this Exhibit is attach

February 13, 2013 SC 13G/A

MBVT / Merchants Bancshares, Inc. / AMERIPRISE FINANCIAL INC - SC 13G/A Passive Investment

SC 13G/A SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G Amendment #2 Under the Securities and Exchange Act of 1934 Merchants Bancshares, Inc. (Name of Issuer) Common Stock (Title of Class of Securities) 588448100 (CUSIP Number) December 31, 2012 (Date of Event Which Requires Filing of this Statement) Check the appropriate box to designate the rule pursuant to which this Sch

February 11, 2013 SC 13G/A

MBVT / Merchants Bancshares, Inc. / MERCHANTS BANCSHARES INC - AMENDMENT #18 TO SCHEDULE 13G Passive Investment

Converted by EDGARwiz SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No. 18) Merchants Bancshares, Inc. Common Stock Cusip Number 588448100 Item 1 a. Name of Issuer: Merchants Bancshares, Inc. b. Address of Issuer's Principal Executive offices: 275 Kennedy Drive S. Burlington, VT 05403 Item 2 a. Name of Person Filing: The

January 24, 2013 8-K

Financial Statements and Exhibits, Results of Operations and Financial Condition - MERCHANTS BANCSHARES, INC. 8-K

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report: January 23, 2013 (Date of earliest event reported) Merchants Bancshares, Inc. (Exact name of registrant as specified in its charter) DE (State or other jurisdiction of incorporation) 000-11595 (Commission File Number)

January 24, 2013 EX-99

SOUTH BURLINGTON, VT -- (Marketwire - January 23, 2013) - Merchants Bancshares, Inc. (NASDAQ: MBVT), the parent company of Merchants Bank, today annou

Merchants Bancshares, Inc. Announces Strong 2012 Earnings - Results up 4% Over 2011 SOUTH BURLINGTON, VT - (Marketwire - January 23, 2013) - Merchants Bancshares, Inc. (NASDAQ: MBVT), the parent company of Merchants Bank, today announced net income of $15.19 million, or diluted earnings per share of $2.42 for the year ended December 31, 2012, compared to $14.62 million, or diluted earnings per sha

January 17, 2013 EX-99

SOUTH BURLINGTON, VT -- (Marketwire - January 17, 2013) - Merchants Bancshares, Inc. (NASDAQ: MBVT), the parent company of Merchants Bank, announced t

Merchants Bancshares, Inc. Announces Dividend Declaration, Earnings Release Calendar and Extension of Stock Buyback Program SOUTH BURLINGTON, VT - (Marketwire - January 17, 2013) - Merchants Bancshares, Inc. (NASDAQ: MBVT), the parent company of Merchants Bank, announced that its Board of Directors declared today, January 17, 2013, a dividend of 28 cents per share, payable February 14, 2013, to sh

January 17, 2013 8-K

Financial Statements and Exhibits, Other Events - MERCHANTS BANCSHARES, INC. 8-K

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report: January 17, 2013 (Date of earliest event reported) Merchants Bancshares, Inc. (Exact name of registrant as specified in its charter) DE (State or other jurisdiction of incorporation) 000-11595 (Commission File Number)

October 25, 2012 EX-99

SOUTH BURLINGTON, VT -- (Marketwire - October 24, 2012) - Merchants Bancshares, Inc. (NASDAQ: MBVT), the parent company of Merchants Bank, today announced net income of $4.00 million and $11.35 million, or diluted earnings per share of $0.64 and $1.8

Merchants Bancshares, Inc. Announces Third Quarter 2012 Results - Year-to-Date Results up 4% Over 2011 Driven by Continued Loan and Deposit Growth SOUTH BURLINGTON, VT - (Marketwire - October 24, 2012) - Merchants Bancshares, Inc. (NASDAQ: MBVT), the parent company of Merchants Bank, today announced net income of $4.00 million and $11.35 million, or diluted earnings per share of $0.64 and $1.82 fo

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