NASDAQ: MBVT), said it has completed the merger of NUVO
Bank & Trust Company (NUVO
), located in Springfield, Massachusetts.
Merchants Bancshares Inc (NASDAQ: MBVT), the parent company of Merchants Bank, and NUVO
Bank & Trust Company, Springfield, MA (NUVO
) has said that they have received approval from the Massachusetts Division of Banks for the planned merger of NUVO
with and into Merchants Bank, and that the companies have received all required regulatory and shareholder approvals necessary to complete the merger.
The main focus of NUVO
Bank is to provide loans and deposit and cash management services to individuals and small- to medium-sized businesses.
NASDAQ: MBVT) said it has released results of the cash/stock elections regarding the merger consideration to be received by shareholders of NUVO
Bank & Trust Company in connection with the pending merger of NUVO
with and into Merchants' wholly owned subsidiary, Merchants Bank.
Under the terms of the merger agreement, NUVO
shareholders will be entitled to elect to receive either 0.
Network Management Inc (TSX Venture Exchange: NNM), a provider of remote management and protection of IT infrastructures, has been selected by Lucent Technologies (NYSE: LU) to provide small and medium business enterprises with secure solutions and management services.
NASDAQ: MBVT), parent company of Merchants Bank, and NUVO
Bank & Trust Company said they have received approval from the Massachusetts Division of Banks for the planned merger of NUVO
with and into Merchants Bank, and that they expect the transaction to close on or about December 4, 2015.
Bank & Trust Company said shareholders overwhelmingly voted to approve the merger between NUVO
and Merchants Bancshares, Inc.
NASDAQ: MBVT), the parent company of Merchants Bank, has said it will acquire NUVO
Bank & Trust for USD21.
M2 EQUITYBITES-November 13, 2015-Merchants Bancshares, NUVO
Bank & Trust receive approvals for merger
M2 EQUITYBITES-October 6, 2015-Shareholders of NUVO
Bank & Trust approve merger
M2 EQUITYBITES-May 1, 2015-Merchants Bancshares acquires NUVO
Bank & Trust