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Company Summary

Merchants Bancshares, Inc. is a holding company that owns all of the outstanding capital stock of Merchants Bank (the Bank). Merchants Bank is a commercial bank that offers a range of deposit, loan, cash management and trust services to meet the financial needs of individual consumers, businesses and municipalities. As of December 31, 2005, the Bank operates 35 full-service banking offices and 41 automated teller machines throughout the state of Vermont. Merchants Trust Company, a wholly owned subsidiary of Merchants Bank, offers fiduciary services, including trust management and administration, investment management and estate settlement services. As of December 31, 2005, Merchants Trust has fiduciary responsibility for assets having a market value in excess of $411 million, of which more than $285 million constituted managed assets.
Merchants Bancshares provides community banking services. The bank provides standard retail products including checking, money market, and savings accounts, iras, cds, and atm and debit cards.

General Information

Key figures


  • Company

    250-499 Employees


  • 2010

    50 to 100 million USD


Executive information

  • Michael Tuttle

    Chief Executive Officer; President, CEO, and Director, Merchants Bancshares and Merchants Bank

  • J. S.

    Chief Financial Officer; Chief Financial Officer, Executive Vice President, Treasurer of the Company and Bank

  • R. P.

    Chairman Emeritus; President and Chief Executive Officer and Director

  • R. C. P.

    Chairman of the Board

  • J. L. B.

    President and Chief Executive Officer and Director

  • J. P. S.

    Treasurer; Treasurer and Chief Financial Officer of the Bank; Chief Financial Officer, Senior Vice President, Treasurer of Merchants Bancshare

  • Z. P. E.

    Senior Vice President of the Bank, Credit Division Manager

  • T. R. H.

    Senior Vice President of the Bank, Operating and Administrative Division Manager

  • T. S. L.

    Senior Vice President of the Bank, Sales Division Manager

  • M. R. T.

    Executive Vice President and Chief Operating Officer of the Bank; President, CEO, and Director, Merchants Bancshares and Merchants Bank

  • B. W.

    Former Chairman o...

  • E. C.


  • F. S.

    Senior Vice President, General Counsel

  • G. R.

    Senior Vice President, Senior Lender of Merchants Bank; COO, Merchants Bancshares and Merchants Bank

  • J. L.


  • J. C.


  • M. F.


  • T. H.

    SVP and Manager, Operating and Administrative Division, Merchants Bank

  • R. P.


  • S. G.

    Branch President of Jericho Branch

  • R. J.


  • G. H.

    Chief Operating Officer of Merchants Bank

  • M. D.

    Senior Vice President, Community Banking and Trust of Merchants Bank

  • Z. E.

    Senior Vice President and Senior Operations Officer of Merchants Bank

  • J. D.

    Senior Vice President - Human Resources of the Bank

  • P. B.

    Independent Director

  • K. D.

    Independent Director

  • B. L.

    Independent Director


Other classifications (for some countries)

SIC (US 1987) :
Bank holding companies (6712)
NAICS (US 2012) :
Offices of Bank Holding Companies (551111)

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