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): April 25, 1997
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)
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ITEM 5. OTHER EVENTS
On April 16, 1997, the Registrant announced that Richard D. Driscoll had been
elected to the Boards of Directors of Chittenden Corporation and Chittenden
Bank. A copy of the press release dated April 16, 1997 is attached as an
exhibit to this Form 8-K.
<PAGE 3>
INDEX TO EXHIBITS
EXHIBIT NUMBER PAGE NUMBER
(28) Additional Exhibits 5
Press Release related to announcement
of Richard D. Driscoll's election to the
Boards of Directors of Chittenden Corporation
and Chittenden Bank
<PAGE 4>
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, Secretary
<PAGE 5>
CHITTENDEN CORPORATION
TWO BURLINGTON SQUARE
BURLINGTON, VT 05401
(802) 658-4000
FOR IMMEDIATE RELEASE #39/97
April 16, 1997
RICHARD D. DRISCOLL APPOINTED TO
CHITTENDEN BOARD
Burlington, Vermont - Paul A. Perrault, President and Chief Executive Officer of
Chittenden Corporation announced today that Richard D. Driscoll has been elected
to the Boards of Directors of Chittenden Corporation and Chittenden Bank.
In announcing Driscoll's appointment, Perrault commented, "I think Dick will be
a great addition to our boards. His extensive experience in the banking
industry will help shape Chittenden's future strategic direction." Perrault
continued, "Chittenden Corporation will benefit greatly from Dick's expertise in
the field which is extremely important in the challenging and competitive arena
of banking."
Driscoll is the past President and C.E.O. of the Massachusetts Bankers
Association located in Boston, Massachusetts, having served in that role since
1990. Previous to that position, Driscoll was employed by the Bank of New
England, N.A., in Boston, serving with this organization from 1957 to 1990. He
worked in many capacities with Bank of New England, culminating in the position
of Chairman and C.E.O. where he was responsible for all the activities of the
Boston bank and affiliate banks in eastern New England. These banks represented
approximately $20 billion in assets.
Driscoll is a graduate of Boston College in Newton, Massachusetts, with an A.B.
in Economics. He also holds an M.B.A. from the Harvard Business School in
Cambridge, Massachusetts.
Driscoll is active in many organizations which include serving on the Boards of
the American Ireland Fund, the Charlesbank Homes, the Child Care Capital
Investment Fund, the Greater Boston YMCA, the Massachusetts Business Development
Corporation and the Morgan Memorial Goodwill Industries.
Chittenden Corporation is a bank holding company headquartered in Burlington,
Vermont. Its subsidiary banks are Chittenden Bank, located in Vermont; The Bank
of Western Massachusetts, serving the Springfield, Massachusetts area; and
Flagship Bank and Trust Company, which is located in the Worcester,
Massachusetts area.
