SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
FORM 12b-25
Commission File Number 0-11012
NOTIFICATION OF LATE FILING
(Check One): |X| Form 10-K | | Form 11-K | | Form 20-F | | Form 10-Q
| | Form N-SAR
For Period Ended:
| | Transition Report on Form 10-K | | Transition Report on Form 10-Q
| | Transition Report on Form 20-F | | Transition Report on Form N-SAR
| | Transition Report on Form 11-K
For Transition Period Ended:
Read attached instruction sheet before preparing form. Please print or
type.
Nothing in this form shall be construed to imply that the Commission
has verified any information contained herein.
If the notification relates to a portion of the filing checked above,
identify the item(s) to which the notification relates:
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PART I
REGISTRANT INFORMATION
Full name of Registrant Vermont Financial Services Corp.
Former name if applicable
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Address of principal executive office (Street and number)
100 Main Street
City, state and zip code
Brattleboro, Vermont 05301
PART II
RULE 12b-25 (b) AND (c)
If the subject report could not be filed without unreasonable effort or
expense and the Registrant seeks relief pursuant to Rule 12b-25(b), the
following should be completed. (Check box if appropriate.)
|X| (a) The reasons described in reasonable detail in Part III of this
form could not be eliminated without unreasonable effort or
expense;
|X| (b) The subject annual report, semi-annual report, transition
report on Form 10-K,
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20-F, 11-K or Form N-SAR, or portion thereof will be filed on
or before the 15th calendar day following the prescribed due
date; or the subject quarterly report or transition report on
Form 10-Q, or portion thereof will be filed on or before the
fifth calendar day following the prescribed due date; and
| | (c) The accountant's statement or other exhibit required by Rule
12b-25(c) has been attached if applicable.
PART III
NARRATIVE
State below in reasonable detail the reasons why Form 10-K, 11-K, 20-F,
10-Q, N-SAR or the transition report portion thereof could not be filed within
the prescribed time period. (Attach extra sheets if needed.)
Due to the extensive operational changes as a result of the merger of
Eastern Bancorp, Inc. with and into the Registrant in June 1997, and
the subsequent merger of the Registrant's two principal operating
subsidiaries in September 1997, the Registrant will not be able to
compile the requisite financial data and other narrative information
necessary to enable it to have sufficient time to complete the
Registrant's Annual Report on Form 10-K by March 31, 1998. The
Registrant is currently in the process of finishing these necessary
adjustments and believes at this time that the work will be completed,
and its Annual Report on Form 10-K will be filed, within the grace
period provided for under Rule 12b-25.
PART IV
OTHER INFORMATION
(1) Name and telephone number of person to contact in regard to this
notification
Richard O. Madden (802) 258-4003
(Name) (Area Code) (Telephone Number)
(2) Have all other periodic reports required under Section 13 or 15(d)
of the Securities Exchange Act of 1934 or Section 30 of the Investment Company
Act of 1940 during the preceding 12 months or for such shorter period that the
Registrant was required to file such report(s) been filed? If the answer is no,
identify report(s).
|X| Yes | | No
(3) Is it anticipated that any significant change in results of
operations from the corresponding period for the last fiscal year will be
reflected by the earnings statements to be included in the subject report or
portion thereof?
| | Yes |X| No
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If so: attach an explanation of the anticipated change, both
narratively and quantitatively, and, if appropriate, state the reasons why a
reasonable estimate of the results cannot be made.
Vermont Financial Services Corp.
(Name of Registrant as Specified in Charter)
Has caused this notification to be signed on its behalf by the undersigned
thereunto duly authorized.
Date March 30, 1998 By /s/ Richard O. Madden
Name: Richard O. Madden
Title: Executive Vice President and
Chief Financial Officer
Instruction. The form may be signed by an executive officer of
the Registrant or by any other duly authorized representative. The name
and title of the person signing the form shall be typed or printed
beneath the signature. If the statement is signed on behalf of the
Registrant by an authorized representative (other than an executive
officer), evidence of the representative's authority to sign on behalf
of the Registrant shall be filed with the form.
ATTENTION
Intentional misstatements or omissions of fact constitute Federal
criminal violations (see 18 U.S.C. 1001).
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