Merrill Merchants Bancshares Inc

Merrill Merchants Bancshares — Merger or Acquisition (January 2007)

7 slides from Merrill Merchants Bancshares's merger presentation, Jan 19, 2007

  1. Slide 1: Chittenden Corporation announces the acquisition of Merrill Merchants Bancshares, Inc.

    Chittenden Corporation announces the acquisition of Merrill Merchants Bancshares, Inc. January 19, 2007 AA Merrill Merchants Bancshares, Inc. Chitin ‘CORPGRATION

  2. Slide 2: Merrill Merchants Bancshares Profile

    Data as of December 31, 2006 (dollars in thousands) General Holding Company Bank Headquarters Established Number of Branches Transaction Value Consideration Financial Data Net Income Return on Equity Return on Assets Net Interest Margin % of Nonint Income to Total Income Net Charge-offs/ Avg Loans E

  3. Slide 3: Greater Bangor Market

    JA Meniill Merchants Bancshares, Inc. Greater Bangor Market + Combined population of Penobscot County is 147,068 * 60,820 households + Median household income is $37,650 * Median age is 37 * 21% of population holds a bachelor’s degree or higher + The Healthcare and Retail Trade Industries employ ove

  4. Slide 4: Balance Sheet Highlights

    Balance Sheet Highlights December 31, 2006 Chittenden Merrill Merchants Pro Forma Corporation Bancshares, Inc. Combined (in millions,except per share amounts) Assets $6,432 $449 $6,881 Investments 1,151 87 1,237 Loans 4,697 339 5,036 Deposits 5,479 360 5,839 Equity 671 39 710 Goodwill 216 0 216 CDI

  5. Slide 5: Balanced Loan Portfolio

    Balanced Loan Portfolio at December 31, 2006 (in millions) Chittenden Yeof Merrill Merchants %of Proforma %of Corporation Total Bancshares, Inc. _ Total Combined Total Commercii $1,443 31% $73 21% $1,516 30% Commercial RE 1,943 41% 114 34% 2,057 41% Residential RE 751 16% 125 37% 876 17% Consumer 36

  6. Slide 6: Pro Forma Assets by State

    Chittenden Corporation Pro Forma Assets by State at December 31, 2006 Vermont Massachusetts | New Hampshire . Maine 12/31/2006 Vermont 42% Massachusetts 22% New Hampshire 19% Maine* 17% Total Funding 100% *Includes Merril Merchants Bancshares, Inc. assets as of 12/31/06

  7. Slide 7: Forward-looking statements

    This presentation contains “forward-looking statements” which describe future plans and strategic initiatives. These forward-looking statements are based on current plans and expectations, which are subject to a number of risk factors and uncertainties that could cause future results to differ mater

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