Merrill Merchants declares cash dividend

BANGOR – The parent company of Merrill Merchants Bank has declared a cash dividend of $.10 per share on the bank’s common stock. The amount represents an increase of 25 percent or $.02 per share over last year’s third quarter dividend, according to Edwin N. Clift, president and chief executive officer of Merrill Merchants Bancshares, Inc. The quarterly dividend will be payable to all shareholders of record as of Oct. 14 and will be paid on Oct. 31. The bank stock is traded on Nasdaq under the symbol MERB.

Merrill Merchants Bank is headquartered in Bangor. Merrill Merchants Bank provides consumer, commercial, and trust and investment services through its 11 locations in Central and Eastern Maine.