Merrill Merchants Bancshares, Inc. Declares an 18% Increase in Cash Dividend
10 June 2005 - 11:29PM
Business Wire
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 $ .16 per share on the
Company's common stock for the second quarter of 2005. This is an
increase of 18% over last year's second quarter dividend and an
increase of $.01 over the previous quarter's dividend. The cash
dividend will be payable to all shareholders of record as of July
15, 2005, and will be paid on July 29, 2005. The Company's
subsidiary, Merrill Merchants Bank is headquartered in Bangor,
Maine. Merrill Merchants Bank provides consumer, commercial, and
trust and investment services through its eleven locations in
Central and Eastern Maine. The Bank is a "Preferred Lender" of the
Small Business Administration.
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