(http://www.mbvt.com)
Michael R. Tuttle, President and CEO of Merchants Bank, today
announced the promotion of Janet P. Spitler to the office of Executive
Vice President. Ms. Spitler leads the Finance Department and is CFO
and Treasurer.
"I am very pleased to announce this promotion," said Mr. Tuttle. "As
Chief Financial Officer, Janet has been a significant contributor to
the success of our company for many years. During that time she has
been involved in many important initiatives that have extended well
beyond the finance area. As of January 1st our Human Resources
department also started reporting to Janet."
(http://www2.marketwire.com/mw/frame_mw?attachid=2017767)
Ms. Spitler joined Merchants Bank in 1990. She has served as the
Treasurer of Merchants Bank since 1995 and as Chief Financial Officer
since 1997. She was appointed to the office of Senior Vice President
in 2006. She serves on the Board of Directors of Housing Vermont and
is a member of the Vermont Tax Advisory Board. Ms. Spitler holds
Bachelor's degrees from William Smith College and Syracuse University.
Ms. Spitler resides in Shelburne, Vermont with her family.
Merchants Bank was established in 1849 in Burlington, Vermont. Its
continuing mission is to provide Vermonters with a statewide community
bank that combines a strong technology platform with a genuine
appreciation for local markets. Merchants Bank delivers this
commitment through a branch-based system that includes: 33 community
bank offices and 40 ATMs throughout Vermont; local branch presidents
and personal bankers dedicated to high-quality customer service; free
online banking, phone banking, and electronic bill payment services;
high-value depositing programs that feature Cash Rewards Checking,
Rewards Checking for Business, business cash management, money market
accounts, health savings accounts, certificates of deposit, Flexible
CD, IRAs, and overdraft assurance; feature-rich loan programs
including mortgages, home equity credit, vehicle loans, personal and
small business loans and lines of credit; and merchant card
processing. Merchants Bank offers a strong set of commercial and
government banking solutions, delivered by experienced banking
officers in markets throughout the state; these teams provide
customized financing for medium-to-large companies, non-profits,
cities, towns, and school districts. Merchants Trust Company, a
division of Merchants Bank, provides investment management, financial
planning and trustee services. Please visit
www.mbvt.com(http://www.mbvt.com/) for access to Merchants Bank
information, programs, and services. Merchants' stock is traded on the
NASDAQ National Market system under the symbol MBVT (NASDAQ: MBVT).
Member FDIC. Equal Housing Lender.
