Merrill Merchants Bancshares (NASDAQ:MERB)
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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 3% stock dividend to all shareholders of record as of
March 31, 2006, for distribution on April 7, 2006. Mr. Clift stated,
"This is the eleventh consecutive year the Company has paid a stock
dividend. Providing a return to our shareholders remains a top
priority for the Company."
In addition, the Company has declared a cash dividend of $.17 per
share on the Company's common stock for the first quarter of 2006.
This is an increase of 17% over last year's first quarter dividend.
The cash dividend will be payable to all shareholders of record as of
April 14, 2006, and will be paid on April 28, 2006.
Mr. Clift also announced that Merrill Merchants Bancshares, Inc.
has scheduled the 2006 Annual Meeting of Shareholders to be held
Thursday, May 4, 2006, at the Bangor Motor Inn located at 701 Hogan
Road, Bangor, Maine, beginning at 5:00 p.m.
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.