June 19, 1998
Securities and Exchange Commission
450 5th Street, N.W.
Washington, D. C. 20459
RE: CHITTENDEN CORPORATION CURRENT REPORT ON FORM 8-K
REGISTRATION NUMBER 0-7974
To Whom it May Concern:
Pursuant to 8-K filing requirements, under the Securities and 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 E-MAIL.
Very truly yours,
S/ F. SHELDON PRENTICE
Senior Vice President, General Counsel and Secretary
<PAGE>
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): June 19, 1998
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>
ITEM 5. OTHER EVENTS
On June 17, 1998, the Registrant announced that the Chittenden Corporation's
Board of Directors had authorized the expansion of the Company's common stock
repurchase program by 500,000 shares to a total of 1,750,000 shares. A copy of
the press release dated June 17, 1998 is attached as an exhibit to this Form
8-K.
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INDEX TO EXHIBITS
EXHIBIT NUMBER PAGE NUMBER
(28) Additional Exhibits 5
Press Release related to announcement
of expansion of the Company's common
stock repurchase program.
<PAGE>
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
Senior Vice President, General Counsel and Secretary
DATE: JUNE 19, 1998
EXHIBIT 28
CHITTENDEN CORPORATION
TWO BURLINGTON SQUARE
BURLINGTON, VT 05401
(802) 658-4000
June 17, 1998
FOR IMMEDIATE RELEASE 46/98
Burlington, VT - Paul A. Perrault, Chairman, President and Chief Executive
Officer announced today that the Chittenden Corporations's (NYSE: CHZ) Board of
Directors has authorized the expansion of the Company's common stock repurchase
program by 500,000 shares to a total of 1,750,000 shares. Chittenden, depending
upon market conditions, may repurchase its Common Stock in negotiated
transactions or open market purchases without further Board authorization over
the next two years. Chittenden has purchased approximately 1.15 million shares
under the current stock repurchase program through May 31, 1998.
Chittenden is a bank holding company with headquarters in Burlington, Vermont
and its total assets were $2.0 billion at March 31, 1998. Its subsidiary banks
are Chittenden Bank, The Bank of Western Massachusetts and Flagship Bank and
Trust Company. Chittenden offers a broad range of financial products and
services, including deposit accounts and services; consumer, commercial, and
public sector loans; insurance; and investment and trust services to
individuals, business, and the public sector.
