Chittenden Corporation CHZ
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Sovereign Names New CEO
… Joseph P. Campanelli as CEO. Perrault previously worked with current Sovereign CFO Kirk Walters as CEO of Chittenden Corporation before Chittenden was taken over by People's United PBCT. Although Campanelli was responsible for a number …
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Chittenden Approves Merger
Chittenden's CHZ shareholders approved the pending merger with People's United Financial PBCT on Wednesday. With only a few regulatory approvals to clear before the merger can close, we expect the deal will be completed as scheduled around the first of the year.
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Chittenden to Be Acquired
Chittenden CHZ will be People's United Financial's PBCT first acquisition. The recently demutualized People's is using part of its April …
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Chittenden to Buy New Hampshire Bank
Chittenden CHZ announced Monday that it will acquire Community Bank & Trust Company CBNH of New Hampshire, paying a total of $124.1 million …
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Vote on MERB Acquisition Coming Up
Merrill Merchants Bancshares' MERB shareholders are scheduled to vote on the pending acquisition of the bank by Chittenden CHZ on May 8. We do not foresee any issues that would stall the anticipated second-quarter close of the deal, and we continue …
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Predictable 1Q for Chittenden
Consistent Chittenden CHZ turned in another predictable quarter. The bank is plodding along in line with our full-year estimates, and we are maintaining …
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Chittenden to Buy Merrill Merchants
Chittenden CHZ announced 2006 earnings on Thursday and its pending acquisition of Merrill Merchants Bancshares MERB on Friday. Because there …
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Chittenden Reports 3Q Earnings
The flat yield curve has hurt banks across the industry, and Chittenden CHZ was not completely spared. We continue to like this excellent bank and are maintaining our $29 fair value estimate. Chittenden …
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Chittenden's Reserves in Good Shape
… take a look at our banks and see which ones have some padding against higher future charge-offs. We believe Chittenden's CHZ higher reserves will help spare it the pain of rebuilding its loan-loss reserve. Historically, a bank would take a large …
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Chittenden Increases Deposits
We have come to expect steady growth from Chittenden CHZ , and this Vermont bank did not disappoint in its second quarter. We are maintaining our $29 fair value estimate. With the Federal …