BANGOR – Merrill Merchants Bancshares Inc., the parent company of Merrill Merchants Bank, has declared a 3 percent stock dividend to all shareholders of record as of Feb. 28, for distribution March 7.

This marks the sixth consecutive year a stock dividend has been paid out, according to Edwin N. Clift, president and chief executive officer of Merrill Merchants Bancshares Inc.

Merrill Bancshares will hold its annual shareholders meeting at 5 p.m. Thursday, April 19, at Pilots Grill, 1528 Hammond St., Bangor.

The company’s subsidiaries, Merrill Merchants Bank and Maine Acceptance Corp., have headquarters in Bangor.