SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
_________________________
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): March 17, 1995
CHITTENDEN CORPORATION
(Exact name of Registrant
as specified in charter)
Vermont 0-7974 03-0228404
(State or other jurisdiction (Commission (IRS Employer
of incorporation) File Number) Identification No.)
Two Burlington Square, Burlington, Vermont 05401
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (802) 660-1410
Not Applicable
(Former name or former address,
if changed since last report)
<PAGE>
March 17, 1995
Securities and Exchange Commission
450 5th Street, N.W.
Washington, D.C. 20459
RE: CHITTENDEN CORPORATION CURRENT REPORT ON FORM 8-K
Dear Sirs:
Pursuant to 8-K filing requirements, under the Securities Exchange Act of
1934, there is appended to this transmittal, an electronic file of the current
report (on Form 8-K) of Chittenden Corporation, Two Burlington Square,
Burlington, Vermont 05401.
If you have any questions concerning this report, please telephone the
undersigned at (802) 660-1410.
Kindly acknowledge receipt of this letter by Compuserve EMAIL.
Very truly yours,
/S/ F. Sheldon Prentice
Secretary
ITEM 5. OTHER EVENTS
March 17, 1995 - Chittenden Corporation (NASDAQ;CNDN) announced today that
they completed the acquisition of The Bank of Western Massachusetts, a $225
million commercial bank. The purchase price amounted to approximately $26
million in cash and stock.
A copy of the press release dated March 17, 1995 is attached as an exhibit to
this Form 8-K.
ITEM 7. FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION AND EXHIBITS
(c) Exhibits
(28) Additional Exhibits:
Press release related to completion of the acquisition of The Bank of
Western Massachusetts. The financial information was provided in the
Registration Statement No. 33-56835 on Form S-4 filed on January 11, 1995.
INDEX TO EXHIBITS
Exhibit Number Page Number
(28) Additional Exhibits 6
Press release related to the completion of
the acquisition of The Bank of Western Massachusetts.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned thereunto duly authorized.
CHITTENDEN CORPORATION
(Registrant)
BY: /S/ F. Sheldon Prentice
F. Sheldon Prentice
Secretary
DATE: March 17, 1995
March 17, 1995
FOR IMMEDIATE RELEASE
CHITTENDEN COMPLETES ACQUISITION OF THE BANK OF WESTERN MASSACHUSETTS
Burlington, VT--Chittenden Corporation (NASDAQ:CNDN) announced today that they
completed the acquisition of The Bank of Western Massachusetts, a $225 million
commercial bank with headquarters in Springfield, Massachusetts. The purchase
price amounted to approximately $26 million in cash and stock. The Bank of
Western Massachusetts stockholders overwhelmingly approved the transaction and
the last of the required regulatory approvals was obtained on March 16, 1995.
The Bank of Western Massachusetts will continue to operate under the same name
with the same management team.
Paul A. Perrault, Chittenden's President and Chief Executive Officer,
expressed enthusiasm for Chittenden's first bank merger transaction outside
Vermont. "Chittenden's resources will allow The Bank of Western Massachusetts
to offer new services such as asset-based lending, credit cards, and trust
services," stated Perrault. Mr. Perrault further stated, "We have been
pleased with and impressed by the actions of the entire team, and look forward
to assisting them serve the western Massachusetts marketplace".
Mr. Frank P. Fitzgerald, The Bank of Western Massachusetts' Chairman,
expressed confidence in Chittenden's ability to retain The Bank of Western
Massachusetts' style of community banking.
Chittenden Corporation is a bank holding company with headquarters in
Burlington, Vermont. Chittenden's assets were $1.2 billion at December 31,
1994. Chittenden operates from 40 locations in Vermont, offering a broad
range of financial products and services, including deposit accounts and
services; commercial, consumer and public sector loans; and investment and
trust services to business, individuals and the public sector.
