April 29, 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
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): April 29, 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 April 29, 1998, the Registrant announced that Paul A. Perrault had been
elected as the new Chairman of the Board of Chittenden Corporation. A copy of
the press release dated April 29, 1998 is attached as an exhibit to this Form
8-K.
<PAGE>
INDEX TO EXHIBITS
EXHIBIT NUMBER PAGE NUMBER
(28) Additional Exhibits 5
Press Release related to announcement
of Paul A. Perrault's election as Chairman
of the Board of Directors of Chittenden Corporation
<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, Secretary DATE: April 29, 1998
EXHIBIT 28
CHITTENDEN CORPORATION
TWO BURLINGTON SQUARE
BURLINGTON, VT 05401
(802) 658-4000
FOR IMMEDIATE RELEASE #40/98
April 29, 1998
PAUL A. PERRAULT ELECTED CHAIRMAN OF THE
BOARD OF DIRECTORS OF CHITTENDEN CORPORATION
Burlington, Vermont - The Board of Directors of the Chittenden Corporation
(NYSE:CHZ) are pleased to announce that Paul A. Perrault has been elected as the
new Chairman of the Board. The Board of Directors unanimously voted in Perrault
at the board meeting on April 15, 1998. Perrault has served as the President,
Chief Executive Officer, and a member of the Board of Directors of the
Chittenden Corporation and Chittenden Bank since August of 1990. In his role as
President and Chief Executive, he has led the Corporation through the
acquisition of three banks, a move to the New York Stock Exchange and the
purchase of the Pomerleau Insurance Agency.
"I am extremely honored by the confidence the Board of Directors has placed
in me by electing me to the Chair," stated Perrault. "I will continue to forge
ahead with our plans and will continue to work closely with the Board to achieve
our goals."
Prior to joining Chittenden, Perrault was president of Bank of New England
Corporation's Old Colony Bank, in Providence, Rhode Island. Before becoming
President, Perrault was Executive Vice President and Senior Loan Officer when
Bank of New England acquired the $800 million Providence-based Old Colony Bank.
Previous to his employment with Old Colony Bank, Perrault has served in a
variety of commercial banking positions in Rhode Island and Boston.
Perrault is a 1973 graduate of Babson College and earned his MBA from
Boston College School of Management in 1975.
Perrault is a Director of the Lake Champlain Regional Chamber of Commerce,
a member of the Advisory Board of the Fleming Museum and a Trustee of Champlain
College.
Chittenden Corporation is a bank holding company with headquarters in
Burlington, Vermont with total assets of $2.0 billion at March 31, 1998. Its
subsidiary banks are Chittenden Bank, The Bank of Western Massachusetts, and
Flagship Bank and Trust Company.
Perrault and his wife, Lisa, live in Shelburne with their three children,
Ian, Graham, and Ana.
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