Current News

-A A +A

Lyndonville Savings Bank announces results

Thu, 07/15/2004 - 8:00pm -- tim

Lyndonville Savings Bank Increases Dividend&Again
LYNDONVILLE, VT-- Charles Bucknam, President of Lyndonville Savings Bank announced that the Bank will pay a dividend of $.12 per share on July 12, 2004 to stockholders of record June 23, 2004. This represents a 9.0% increase in the dividend and the fourth increase in the past year reflecting continued improvement in the banks earnings.

Merchants Bancshares announces results

Thu, 07/15/2004 - 8:00pm -- tim

Merchants Bancshares, Inc. Announces 2004 Second Quarter Results
SOUTH BURLINGTON, Vt., July 15 /PRNewswire-FirstCall/ -- Merchants
Bancshares, Inc. (NASDAQ:MBVT), the parent company of Merchants Bank,
today announced net income of $2.84 million, or diluted earnings of 45
cents per share, for the quarter ended June 30, 2004. This compares with
net income of $3.04 million, or diluted earnings per share of 49 cents for
the quarter ended June 30, 2003, and $2.82 million, or diluted earnings

Vermont Yankee fuel rods found

Wed, 07/14/2004 - 8:00pm -- tim

Entergy Locates Spent Fuel Segments at Vermont Yankee
Entergy workers at the Vermont Yankee nuclear power plant in Vernon located on July 13, 2004, the missing spent fuel rod segments in the plant's spent fuel pool. The two pieces were stored in a unique 40-inch aluminum cylinder, which is unlike a typical storage container but is similar to several other aluminum structures and tools in the pool.

Captive Insurance Education hires executive director

Wed, 07/14/2004 - 8:00pm -- tim

International Center for Captive Insurance Education (ICCIE) Hires
Executive Director
In another step toward its official launch, the governing board of ICCIE
(pronounced "I See") hired Mitch Cantor of Shelburne, Vermont as its first
Executive Director.
Mitch was chosen by ICCIE's Board of Directors from an exceptionally
talented pool of applicants to lead the effort. His background includes
extensive business and marketing experience, management of nonprofit
organizations as well as demonstrated grant-writing and fundraising

Gallagher, Flynn starts new exec comp survey

Wed, 07/14/2004 - 8:00pm -- tim

Gallagher, Flynn Launches Executive Compensation Survey
Gallagher, Flynn & Company has
a web-based executive compensation survey as an addition to their
successful New England Salary Survey. This survey will provide
information not currently available about competitive pay for senior
managers in Vermont and across New England.
"There is no good data that is easily available on executive
compensation in small private companies in Vermont and New England. We

Vermont Grocers to Celebrate 70 Years

Tue, 07/13/2004 - 8:00pm -- tim

Plans for Vermonts best and biggest food show, the annual Vermont Grocers
exposition have been announced for the weekend of September 10-12, 2004. This years
program will take place at the Sheraton Burlington Hotel & Conference Center.
The Expo, which will feature a wide array of products and services for all food and beverage
retailers, is already sold out. Seminars will include Teamwork and Responsible Alcohol and
Tobacco Sales Training, Award presentations will be presented at the Birthday party and
dinner on Saturday.

VINS Co-Chairs New England Enviromental Education Alliance 38th Annual Conference

Tue, 07/13/2004 - 8:00pm -- tim

The Vermont Institute of Natural Science (VINS) will play
key role in this year's New England Environmental Education Alliance
(NEEEA) Conference October 15-17, 2004 to be held at the beautiful Bread
Loaf Campus of M i ddlebury College in Ripton, VT. Marcia Whitney, VINS
Director of Statewide Education, is co-chair of the conference and
chairs the Fundraising/Sponsorship Committee and Lisa Purcell, VINS ELF
Program Director, chairs its Field Trip Committee. Other VINS staff serve
on committees as well.

Captive Insurance Conference August 10-12

Mon, 07/12/2004 - 8:00pm -- tim

Burlington to host largest Captive Insurance Conference in the World
The Vermont Captive Insurance Association (VCIA) will host the largest captive insurance conference in the world, August 10-12, 2004 in Burlington, Vermont. More than 1000 people from around the world and throughout the United States are expected to attend.
The Conference will be held at the Sheraton Hotel and Conference Center. Diving into Captives is the theme of the gathering and will feature keynote speaker, Dr. Robert Ballard, a renowned deep sea explorer and discoverer of the sunken R.M.S. Titanic.

Triple Peaks, ASC settle Steamboat suit

Mon, 07/12/2004 - 8:00pm -- tim

Triple Peaks, LLC and American Skiing Company settle Steamboat suit
Triple Peaks, LLC and American Skiing Company have jointly announced (July 12, 2004) the settlement of the lawsuit regarding the termination of the proposed sale of the Steamboat Ski Resort to Triple Peaks, LLC. In return for a cash settlement, Triple Peaks has agreed to a full dismissal of all claims relating to the sale of the Steamboat Ski Resort.