BNET Industries
Last Fiscal Year Sales:$22.8M
- Public
- US
Dow Jones Description
Merrill Bank has a fifteen year history serving the people of Greater Eastern and Central Maine, with assets of $522 million, 12 branches (soon to be 13), and 16 ATM terminals. Merrill Bank is a local community bank operating separately under the umbrella of People's United Financial, Inc., a multi-bank franchise having operations in Maine, New Hampshire, Vermont, Massachusetts, Connecticut, and Westchester County, New York. Merrill offers its customers an enhanced array of products and services. Everything from BreakFree Checking to Brokerage and Remote Deposit Capture is now available locally. Merrill also offers comprehensive banking and financial services for consumers, businesses and non-profits. On the Trust, Investment, and Wealth Management side, with assets just under $395 million, there is extensive experience in trust and estate planning and employee benefits. As the leading SBA lender in the State of Maine for the past several years, Merrill Bank continues to lead. For 2007, Merrill was ranked the number two leader among all other banks in the number of loans made under the 7(a) Loan Guaranty Program for the Small Business Administration Maine District. In 2007 Merrill Bank was awarded the Historic Preservation Honor Award by Maine Preservation for the rehabilitation of a downtown landmark, the former First Independent Congregational Vestry, which now houses its wealth management and brokerage services. ...
Chairman and Chief Executive Officer of the Company and Bank
Edwin N. CliftNumber of Employees 137
Peer Companies
NAICS Code Commercial Banking: 522110
News & Analysis
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merrill merchants bancshares inc. - All News and Analysis
Chittenden Corporation Completes Acquisition of Merrill Merchants Bancshares, Inc. and Announces Allocation of Consideration for Merrill Shares
- 2007-05-31
BURLINGTON, Vt. -- Chittenden Corporation (NYSE: CHZ) announced today that it has completed its acquisition of Merrill Merchants Bancshares, Inc., a $458 million commercial bank headquartered in Bangor, Maine. Chittenden also announced the allocation payments of merger consideration for shareholders of the former Merrill Merchants Bancshares, Inc. Shareholders of...
Merrill Merchants Bancshares, Inc. Reports First Quarter 2007 Earnings of $1.6 Million
- 2007-04-20
BANGOR, Maine -- Edwin N. Clift, Chairman and Chief Executive Officer of Merrill Merchants Bancshares, Inc. (the "Company") (Nasdaq: MERB), the parent company of Merrill Merchants Bank, reported net income of $1.6 million for the three months ended March 31, 2007, a 13% increase over the same period in 2006....
Merrill Merchants Bancshares, Inc. Declares an Increase in Cash Dividend of 18%
- 2007-03-20
BANGOR, Maine -- Edwin N. Clift, Chairman and Chief Executive Officer of Merrill Merchants Bancshares, Inc. (the "Company") (NASDAQ:MERB), the parent company of Merrill Merchants Bank, announced that the Company has declared a cash dividend of $.20 per share on the Company's common stock for the first quarter of 2007....
Merrill Merchants Bancshares, Inc. Reports Record 2006 Earnings of $6.3 million
- 2007-01-19
BANGOR, Maine -- Edwin N. Clift, Chairman and Chief Executive Officer of Merrill Merchants Bancshares, Inc. (the "Company") (Nasdaq: MERB), the parent company of Merrill Merchants Bank, reported net income of $6.3 million for the year ended December 31, 2006, a 10% increase over 2005. The Company reported diluted earnings...
Merrill Merchants Bancshares, Inc. Declares an Increase in Cash Dividend of 15%
- 2006-12-22
BANGOR, Maine -- Edwin N. Clift, Chairman and Chief Executive Officer of Merrill Merchants Bancshares, Inc. (the "Company") (NASDAQ:MERB), the parent company of Merrill Merchants Bank, announced that the Company has declared a cash dividend of $.19 per share on the Company's common stock for the fourth quarter of 2006....
Merrill Merchants Bancshares, Inc. Announces Receipt of Nasdaq Letter of Reprimand
- 2006-10-19
BANGOR, Maine -- Merrill Merchants Bancshares, Inc. (the "Company") (Nasdaq: MERB) today announced that it received a letter of reprimand from Nasdaq's Listing Qualifications Department on October 12, 2006. The Company was not in compliance with Marketplace Rule 4350d(2) during the period between September 23, 2005 and May 4, 2006.
Merrill Merchants Bancshares, Inc. Reports Record Third Quarter 2006 Earnings of $1.6 Million, a 13% Increase
- 2006-10-19
BANGOR, Maine -- Edwin N. Clift, Chairman and Chief Executive Officer of Merrill Merchants Bancshares, Inc. (the "Company") (Nasdaq: MERB), the parent company of Merrill Merchants Bank, reported net income of $1.6 million for the three months ended September 30, 2006, a 13% increase over the same period last year....
Merrill Merchants Bancshares, Inc. Adds Third Independent Director To Audit Committee
- 2006-10-16
BANGOR, Maine -- Merrill Merchants Bancshares, Inc. (the "Company") (Nasdaq: MERB) today announced that Michael T. Shea, an existing member of the Company's board of directors, was appointed to the Company's audit committee, effective May 4, 2006. Mr. Shea's appointment filled the vacancy on the audit committee created by Susan...
Merrill Merchants Bancshares, Inc. Declares a 3% Stock Dividend and an Increase in Cash Dividend of 17%
- 2006-03-16
BANGOR, Maine -- Edwin N. Clift, Chairman and Chief Executive Officer of Merrill Merchants Bancshares, Inc. (the "Company") (NASDAQ:MERB), the parent company of Merrill Merchants Bank, announced that the Company has declared a 3% stock dividend to all shareholders of record as of March 31, 2006, for distribution on April...
Merrill Merchants Bancshares, Inc. Reports Earnings Per Share Growth of 23% and Record Fourth Quarter 2005 Earnings
- 2006-01-20
BANGOR, Maine -- Edwin N. Clift, Chairman and Chief Executive Officer of Merrill Merchants Bancshares, Inc. (the "Company") (Nasdaq: MERB), the parent company of Merrill Merchants Bank, reported record net income of $1.7 million for the three months ended December 31, 2005, a 22% increase over the same period last...
Decision Makers
| Name (plus bio) | Position |
|---|---|
| William P. Lucy | President of the Company and Bank |
| Deborah A. Jordan | Executive Vice President |
| Alena Sibley | Manager |
| Andy Reed | Manager |
| Brent Folster | Manager |
| Don Smith | Branch Manager |
| Kelly Shorey | Manager |
| Kevin McKaig | Manager |
| Linda Bryant | Manager |
| Lucille Zelenkewich | Manager |
| Margie Downing | Manager |
| Ron Landry | Branch Manager |
| Stacie Buzzell | Manager |
Board of Directors
| Name (plus bio) | Position |
|---|---|
| Edwin N. Clift | Chairman and Chief Executive Officer of the Company and Bank |
| Perry B. Hansen | Chair |
| William C. Bullock | Chairman of the Company |
| Frederick A. Oldenburg | Board of Directors |
| John R. Graham | Board of Directors |
| Joseph H. Cyr | Board of Directors |
| Joseph P. Irish | Board of Directors |
| Lloyd D. Robinson | Board of Directors |
| Lloyd D. Shea | Board of Directors |
| Michael T Shea | Board of Directors |
| Robert E. Knowles | Board of Directors |
| Susan B. Singer | Board of Directors |
| Organization | Position | Status |
|---|---|---|
| Merrill Merchants Bancshares, Inc. | Chairman and Chief Executive Officer of the Company and Bank | Current |
| Bangor Historical Society | Chairman | Current |
| Bangor Historical Society | Treasurer | Current |
| Merrill Merchants Bank | Chairman & CEO | Former |
| Bangor Historical Society | President | Former |
| Federal Reserve Bank of Boston | Director | Former |
| Organization | Position | Status |
|---|---|---|
| Merrill Merchants Bancshares, Inc. | President of the Company and Bank | Current |
| Merrill Merchants Bank | President | Current |
| New Hope Hospice, LLC | Board of Directors | Current |
| Merrill Merchants Bancshares, Inc. | Board of Directors | Current |
| University of Maine | Former |
| Organization | Position | Status |
|---|---|---|
| Camden National Corporation | CFO & Principal Accounting Officer | Current |
| Merrill Merchants Bank | Cfo & Manager, Investor Relations | Former |
| Merrill Merchants Bancshares, Inc. | Cfo | Former |
| Merrill Merchants Bancshares, Inc. | Executive Vice President | Former |
| Husson University | Former |
| Organization | Position | Status |
|---|---|---|
| Merrill Merchants Bancshares, Inc. | Manager | Current |
| Organization | Position | Status |
|---|---|---|
| Merrill Merchants Bancshares, Inc. | Manager | Current |
| Organization | Position | Status |
|---|---|---|
| Merrill Merchants Bancshares, Inc. | Manager | Current |
| Organization | Position | Status |
|---|---|---|
| Merrill Merchants Bancshares, Inc. | Branch Manager | Current |
| Organization | Position | Status |
|---|---|---|
| Merrill Merchants Bancshares, Inc. | Manager | Current |
| Merrill Merchants Bancshares, Inc. | Branch Supervisor | Current |
| Organization | Position | Status |
|---|---|---|
| Merrill Merchants Bancshares, Inc. | Manager | Current |
| Organization | Position | Status |
|---|---|---|
| Merrill Merchants Bancshares, Inc. | Manager | Current |
| Organization | Position | Status |
|---|---|---|
| Merrill Merchants Bancshares, Inc. | Manager | Current |
| Organization | Position | Status |
|---|---|---|
| Merrill Merchants Bancshares, Inc. | Manager | Current |
| Organization | Position | Status |
|---|---|---|
| Merrill Merchants Bancshares, Inc. | Branch Manager | Current |
| Organization | Position | Status |
|---|---|---|
| Merrill Merchants Bancshares, Inc. | Manager | Current |
Perry B. Hansen , 59, has been a Director of the Company and the Bank since 1992. He is chairman of THE National Bank, Bettendorf, Iowa and a director of its bank holding company, National Bancshares, Inc. Mr. Hansen's thirty-seven years of banking experience includes management of two other banks in the Quad City area. Presently he is also an investor, holding senior management positions in several privately held companies. Mr. Hansen's term expires in 2008.
| Organization | Position | Status |
|---|---|---|
| Merrill Merchants Bancshares, Inc. | Chair | Current |
| Organization | Position | Status |
|---|---|---|
| Yale University | Former | |
| Maine Bankers Association | Chairman | Former |
| Federal Reserve Bank of Boston | Director | Former |
| Eastern Maine Healthcare | Director | Former |
Frederick A. Oldenburg, Jr., M.D. , 59, has served as a Director of the Company since 1999 and a Director of the Bank since 1996. He has been a practicing physician since 1973 and a director of Penobscot Respiratory, P.A. He was head of Respiratory Care at St. Joseph Hospital in Bangor from 1993 to 2003. He is a graduate of Dartmouth College and Case Western Reserve University Medical School. Dr. Oldenburg is past president of the National Association for the Medical Direction of Respiratory Care. He also has been involved in real estate development in Bangor and Brooksville, Maine. Dr. Oldenburg's term expires in 2008.
| Organization | Position | Status |
|---|---|---|
| Merrill Merchants Bancshares, Inc. | Board of Directors | Current |
John R. Graham, III , 69, has served as a director of the Bank since its inception in 1992. Mr. Graham is the president of Automatic Distributors, Inc. in Bangor, a wholesale and retail distribution company he has owned and operated for over thirty years. He has also been involved in real estate development in the Bangor area for many years. Mr. Graham's term expires in 2009.
| Organization | Position | Status |
|---|---|---|
| Automatic Distributors | President | Current |
| Merrill Merchants Bancshares, Inc. | Board of Directors | Current |
| Organization | Position | Status |
|---|---|---|
| Merrill Merchants Bancshares, Inc. | Board of Directors | Current |
| Maine Community Foundation | Director | Former |
| Bangor Hydro-Electric Company | Director | Former |
| Organization | Position | Status |
|---|---|---|
| Merrill Merchants Bancshares, Inc. | Board of Directors | Current |
Lloyd D. Robinson , 70, has served as a Director of the Company since May 2001 and a Director of the Bank since 1992. He has been retired since 1985. From 1977 to 1985, he was the owner/operator of McKay's R.V. Center, a privately held recreational equipment business. He also has real estate investments in the Bangor area. Mr. Robinson is a U.S. Air Force veteran.
| Organization | Position | Status |
|---|---|---|
| Merrill Merchants Bancshares, Inc. | Board of Directors | Current |
| Organization | Position | Status |
|---|---|---|
| Merrill Merchants Bancshares, Inc. | Board of Directors | Current |
Michael T. Shea , 57, has served as a director of the Bank since 2004. Mr. Shea is the president and chief executive officer of Webber Energy Fuels of Bangor, a position he has held since 2000. He also serves as a director of the Webber board. Prior to assuming his current responsibilities, he had been with the company for four years and his career in the petroleum business spans over thirty years. He is a member of the Board of Governors of the New England Fuel Institute, serves as the vice chair of the board of trustees of St. Joseph College, his alma mater, and he recently completed a term as chairman of the board of United Way of Eastern Maine.
| Organization | Position | Status |
|---|---|---|
| Merrill Merchants Bancshares, Inc. | Board of Directors | Current |
| Organization | Position | Status |
|---|---|---|
| Merrill Merchants Bancshares, Inc. | Board of Directors | Current |
| Organization | Position | Status |
|---|---|---|
| Merrill Merchants Bancshares, Inc. | Board of Directors | Current |
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