Vermont

Merchants Bancshares in South Burlington, Vt., is set to have a new chief executive.

Merchants Bancshares in South Burlington, Vt., has agreed to buy NUVO Bank & Trust in Springfield, Mass.

The Green Mountain State is home to businesses and consumers who march to a different drummer, and Brattleboro Savings & Loan's new checking account promotion seeks to appeal to that independent spirit.

ALEXANDRIA, Va. — NCUA has banned five former credit union employees from participating in the affairs of any federally insured financial institution.

Heritage Family CU in Rutland, Vt., has named Matt Levandowski as president and chief executive.

Community National Bank in Derby, Vt., has promoted Kathryn Austin to chief operating officer. She will continue as executive vice president in charge of retail banking at Community National and its parent, Community Bancorp.