January 31, 2015 8:06 PM ET

Banks

Company Overview of Merchants Bank

Company Overview

Merchants Bank, a state-chartered bank, provides a range of retail and commercial banking products and services to businesses, industry, private and government institutions, and individuals in Vermont. It offers checking accounts, savings accounts, compare accounts, money market accounts, certificates of deposit, mortgages, bi-weekly mortgages, home equity lines and loans, auto loans, personal loans, lines of credit, term loans/commercial mortgages, debit cards, overdraft coverage, overdraft assurance, reorder checks, cash management services, and online and mobile banking services. Merchants Bank was formerly known as The Merchants National Bank Of Burlington and changed its name to Merchan...

275 Kennedy Drive

South Burlington, VT 05403

United States

Founded in 1849

Phone:

802-865-1900

Fax:

802-865-1874

Key Executives for Merchants Bank

Chief Executive Officer and President
Age: 49
Chief Financial Officer
Age: 54
Chief Operating Officer and Executive Vice President
Director
Age: 59
President of Fair Haven Branch
Compensation as of Fiscal Year 2014.

Merchants Bank Key Developments

Merchants Bank Announces Executive Changes

Merchants Bank announced a number of executive officer changes. Effective January 1, 2015, Marie Thresher, Chief Risk Officer and Senior Vice President, will be promoted to Chief Operating Officer and Executive Vice President of the company, and Bruce Bernier, Regional Manager of Commercial Banking and Vice President, will be promoted to Senior Lender and Senior Vice President of Merchants Bank. Ms. Thresher joined Merchants Bancshares in December 2013 as Chief Risk Officer and Senior Vice President. In addition, Laura Abbott, Senior Credit Officer and Vice President at Merchants Bank will be promoted to Senior Vice President, effective January 1, 2015. Mr. Hesslink also announced Zoe P. Erdman's departure from Merchants Bank and from her position as Senior Operations Officer and Senior Vice President, effective December 19, 2014.

Merchants Bancshares, Inc. Appoints Geoffrey R. Hesslink as the President and CEO of Merchants Bank, Effective January 1, 2015

Merchants Bancshares Inc. announced appointment of Geoffrey R. Hesslink as the President and CEO of Merchants Bank, effective January 1, 2015. Mr. Hesslink currently serves as Merchants Bank's Executive Vice President and Chief Operating Officer. Mr. Tuttle will retain his position as President and CEO of Merchants Bancshares Inc. and will delegate the day-to-day responsibilities for running the Bank to Mr. Hesslink. Mr. Hesslink joined Merchants Bank in 1995 and was promoted to the position of Corporate Banking Officer in 1996, Senior Vice President and Senior Lender in 2006, and Chief Operating Officer in 2013.

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