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Merchants Bancshares: Is This 3.4% Yielder A Buy?

Merchants Bancshares Inc (NASDAQ:MBVT) is a $208 million bank holding company that operates through its wholly owned subsidiary, Merchants Bank, in 33 branches throughout Vermont. When last reported, the bank had $1.6 billion in assets, $1.2 billion of deposits and a book value of $18.24 per sha...

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