January 1

Lyndonville Savings Bank Increases Dividend

first_imgLyndonville Savings Bank Increases Dividend,Achieves 26% Increase in Net Income in 2004LYNDONVILLE, VT– Lyndonville Savings Bank has announced that the Bank will pay a dividend of $0.14 per share on January 11, 2005 to stockholders of record December 22, 2004. This represents a 7.6% increase in the quarterly dividend reflecting continued strength in the banks earnings, and the sixth increase in the quarterly dividend in the past two years. Net income for the full year ended December 31, 2004 was $1,372,599 (un-audited) compared to $1,085,335 for 2003, a 26% increase. The annualized return on average assets was 0.92 in 2004 compared to 0.76 in 2003. Total assets were $154,176,429 as of December 31, 2004 compared to $146,981,491 as of December 31, 2003. According to Bucknam, the significant year-to-year improvement in earnings is a direct result of the strength of the banks loan portfolio, a solid investment portfolio, higher levels of non-interest income and the bank employees commitment to success and exceptional customer service. Lyndonville Savings Banks stock has recently traded in the $16.50 – $17.50 per share range. The current annual dividend yield is 3.3% based upon a $17.00 per share price.Lyndonville Savings Bank services its customers from offices in Lyndonville, St. Johnsbury, Derby, Vergennes, and Enosburg Falls.* * * *END * * * *last_img read more

January 1

Governor Urges Senate to Restore Funding for Mentoring Initiative

first_imgThursday, April 12, 2007Governor Urges Senate to Restore Funding for MentoringInitiativeHouse Cuts Funding for ‘Vermont Mentors!’Program Governor Douglas said the contributions of dedicated mentors make adifference in communities by volunteering time to help meet the needs ofunderserved children.  “Across ourstate, many Vermonters have responded to the call of community service bychoosing to mentor a child,” the Governor said.  “By offering their friendship, guidance,and encouragement, mentors put hope in children’s hearts, and help ensureopportunities for the future.” The controlling majority of the House chose to cutfunding for the Vermont Mentors! program—first funded in the 2006budget with an appropriation of$250,000—is a partnership between the Agency of Human Services and the PermanentFund for the Well-Being of Vermont Children.  The partnership awards mentoring grantsand is increasing the quantity and quality of mentor matches throughout thestate. Montpelier, Vt. – Governor Jim Douglas today said the decision of theHouse to cut funding for a mentoring partnership “makes no sense” and said hewould urge the Senate to restore the funding. Thepartnership’s original goal of using the funding to fund new programs and create250 new mentor matches has been exceeded by 43%, which translates to 358 youngpeople being matched with caring adults across the state, the Governorsaid. A study by Big Brothers/Big Sisters of America and Public/PrivateVentures show that a young person who meets regularly with a mentoris: 46% less likely to begin using illegal drugs; 27% less likely to begin drinking alcohol; 52% less likely to skip school; 33% less likely to engage in afight. “At a time when our state is working to reduce crime, combat substanceabuse and be sure the next generation of Vermonters gets off to the bestpossible start, cutting funding for this program makes no sense,” the Governoradded. “There are thousands ofchildren in Vermont who need or want a mentor.  Yet at most only 3,000 Vermont youth arein mentoring relationships, while many more children sit on waitinglists.” “Mentors serve as positive role models, and help to set goals, instillimportant values and encourage the development of skills,” the Governoradded.  “And they help youngVermonters become more confident and develop the character necessary to make theright choices and accomplish their goals. I look forward to working with theSenate to restore funding for this important program.” “Mentors are friends who support young people who mayface challenging situations,” the Governor said.  Statistics show that at-risk children with mentors demonstrate improvedacademic performance and are less likely to be involved in destructiveactivities such as substance abuse and violence. ###last_img read more

January 1

Engineering Ventures, Inc. hires new project engineer, staff engineer

first_imgNicholas A. Fiore, P.E. was hired as the new project engineer at Engineering Ventures, Inc.’s Lebanon, NH office. Fiore brings experience in civil engineering, project management, site design and transportation solution, among other areas.Meghan McCarthy recieved a Bachelor of Science in civil engineering from Tufts University, with a minor in Architecture. She brings experience in both structural and civil/site engineering.Engineering Ventures, Inc. is an experienced consulting engineering firm operating in Vermont, New Hampshire and the surrounding area.last_img read more

January 1

AT&T completes Unicel transition, plans 3G in Vermont for late 2009

first_imgAT&T Mobility,As part of its commitment to provide a smooth transition for former Unicel customers in Vermont, AT&T today announced it has integrated all cell sites in the legacy Unicel network AT&T acquired in Vermont, with AT&T’s existing nationwide wireless network. AT&T is moving forward with plans to launch its third generation (3G) mobile broadband network in Vermont later this year. AT&T acquired Unicel in December 2008.This development represents nearly six months of intense labor during which AT&T optimized cell signals in an effort to create the kind of high-quality wireless experience AT&T customers have come to expect across the country, and paves the way for future network enhancements across the state. AT&T’s wireless network in Vermont is monitored twenty-four hours a day, seven days a week at AT&T’s state-of-the-art Global Network Operations Center. This facility manages all of AT&T’s voice and data traffic and provides visibility into network performance in Vermont, allowing the company to better maintain its infrastructure, analyze network performance, and ensure network capacity to meet customer demand. AT&T also has a dedicated network team in place locally, who can be rapidly dispatched to individual cell sites or switching centers, including a newly built AT&T network facility in White River Junction, should the need arise.Since AT&T closed its acquisition of Unicel’s Vermont assets in December 2008, it has added ten new cell sites, bringing new or expanded coverage to customers in Rochester, Wilmington, Lincoln, Williston, Cuttingsville, Essex Junction, Springfield, Westfield, Fairfield and Enosburg Falls. Three additional cell sites are planned for later this year in Plainfield, Poultney and Eden.”The integration and expansion of AT&T’s wireless network is another important step towards our goal of having the assets that will bring mobility and broadband connectivity to every corner of Vermont,” said Governor Jim Douglas. “This is an important economic development tool. If we are to attract good paying companies to locate in Vermont, we must provide broadband connectivity. The State will continue to work closely with AT&T and other service providers who are making critical infrastructure investments in Vermont to help make ubiquitous broadband and wireless access a reality as soon as possible.””While this investment represents a significant milestone, we are committed to bringing expanded wireless coverage and advanced services to our Vermont customers,” said Joseph Divis, vice president of external affairs, for AT&T in the Northeast region. “In fact, with integration complete, we can now begin the task of expanding the nation’s fastest 3G network in to the state.”AT&T is moving forward with plans to launch its third generation (3G) mobile broadband network in Vermont later this year, bringing faster wireless speeds to communities including Burlington, Montpelier, Rutland, St. Albans, Hartford, Ludlow, Brownsville, Windsor, Vernon, White River Junction, West Wardsboro, Jamaica, Brattleboro, West Townshend, West Dover, Jeffersonville, Barre, Waitsfield, Essex Junction, South Burlington, Colchester, Williston, Winooski, Warren, Stowe, Killington, Northfield, Montgomery Center, Bennington, Middlebury and Pownal.AT&T’s 3G wireless network is available in nearly 350 major metropolitan areas in the U.S. and is ranked as the nation’s fastest according to data compiled by leading independent research firms.In response to growing demand for its highly desirable wireless products and services in Vermont, AT&T has added more than 75 new jobs, predominantly sales and customer support positions, across the state. In addition, AT&T is bringing “the store to your door” with a mobile retail store in a retro-fitted RV traveling throughout areas where AT&T has limited brick-and-mortar locations. The RV, a 31-foot AT&T-branded vehicle equipped with the latest wireless devices, has already made several stops this summer in Stowe, Ferrisburgh, Randolph and Thetford. AT&T plans to announce additional RV retail tour locations in the coming weeks.”Our sales team is available to assist customers, especially those transitioning from Unicel, to help them find the right wireless solution to meet their individual needs. Whether they are checking e-mail, uploading video or using award-winning applications like AT&T Navigator, AT&T lets today’s wireless customers make the most of their mobile experience,” added Steve Krom, vice president and general manager for AT&T New England. “From road warriors to texting teens, twice as many Smartphone users in the U.S. have chosen AT&T over any other wireless carrier. We have something for everyone.”There are ten AT&T-owned retail locations in Vermont. AT&T’s products and services are also available at a number of authorized dealer and national retail locations.To find out more details about AT&T’s wireless coverage in Vermont or anywhere in the United States, consumers can go to http://www.wireless.att.com/coverageviewer/(link is external). The online tool provides up-to-date wireless coverage information for specific locations. The tool can measure the quality of coverage based on a street address, intersection, ZIP code or even a landmark.About AT&TAT&T Inc. (NYSE: T) is a premier communications holding company. Its subsidiaries and affiliates – AT&T operating companies – are the providers of AT&T services in the United States and around the world. With a powerful array of network resources that includes the nation’s fastest 3G network, AT&T is a leading provider of wireless, Wi-Fi, high speed Internet and voice services. AT&T offers the best wireless coverage worldwide, offering the most wireless phones that work in the most countries. It also offers advanced TV services under the AT&T U-verse(SM) and AT&T | DIRECTV(SM) brands. The company’s suite of IP-based business communications services is one of the most advanced in the world. In domestic markets, AT&T’s Yellow Pages and YELLOWPAGES.COM organizations are known for their leadership in directory publishing and advertising sales. In 2009, AT&T again ranked No. 1 in the telecommunications industry on FORTUNE(R) magazine’s list of the World’s Most Admired Companies.Additional information about AT&T Inc. and the products and services provided by AT&T subsidiaries and affiliates is available at http://www.att.com(link is external). This AT&T news release and other announcements are available athttp://www.att.com/newsroom(link is external) and as part of an RSS feed at www.att.com/rss(link is external). Or follow our news on Twitter at @ATTNews. Find us on Facebook at www.Facebook.com/ATT(link is external) to discover more about our consumer and wireless services.(C) 2009 AT&T Intellectual Property. All rights reserved. AT&T, the AT&T logo and all other marks contained herein are trademarks of AT&T Intellectual Property and/or AT&T affiliated companies.Cautionary Language Concerning Forward-Looking StatementsInformation set forth in this news release contains financial estimates and other forward-looking statements that are subject to risks and uncertainties, and actual results may differ materially. A discussion of factors that may affect future results is contained in AT&T’s filings with the Securities and Exchange Commission. AT&T disclaims any obligation to update or revise statements contained in this news release based on new information or otherwise.Source: AT&T. BURLINGTON, Vt., July 27 /PRNewswire-FirstCall/ —last_img read more

January 1

Supreme Court strikes down key Sarbanes-Oxley provision

first_imgThe Supreme Court today issued a ruling in Free Enterprise Fund v. Public Company Accounting Oversight Board. In a 5 to 4 decision, the Court found unconstitutional a key provision of the Sarbanes-Oxley Act, the anti-fraud law Congress enacted in the aftermath of the Enron and WorldCom accounting scandals. Overturning decisions by the DC District Court and the DC Circuit Court, the Supreme Court held that the Public Company Accounting Oversight Board violated the Appointments Clause of the Constitution because its members are not under the direct control of the President.  Senator Leahy (D-VT) was a co-sponsor of the Sarbanes-Oxley Act of 2002 and a principle author of the whistleblower protections established by the Act.‘I am very disappointed by today’s decision in which a bare majority of the Supreme Court found a key provision of the Sarbanes-Oxley Act unconstitutional.  This important anti-fraud legislation has been a critical tool for protecting American taxpayers from fraud and corruption. In overturning the lower courts’ decision, the Supreme Court has once again turned its back on its own precedents and disregarded the longstanding judgments of Congress and our efforts to protect Americans from abuses by powerful corporate interests. ‘A key reform enacted by the Sarbanes-Oxley Act was the establishment of the independent Public Company Accounting Oversight Board to regulate accounting firms whose use of convoluted, often fraudulent, accounting schemes misled investors and rocked the financial world.  Their deception and greed cost Americans hundreds of billions of dollars.  Corporate conservatives attacked this Board as unconstitutional because its members are not under the direct control of the President.  A slim majority of the Supreme Court agreed with these corporate interests that the law violates the Constitution’s Appointments Clause, and their decision today guts many of the critical accountability provisions of the Sarbanes-Oxley Act intended to protect the public.  ‘Unfortunately, this case is bigger than just the Sarbanes-Oxley Act.  As Justice Breyer noted in a vigorous dissent today, this decision may call into question the constitutionality of various mechanisms fashioned by Congress to combat inefficiency and fraud in both the public and business sectors and ‘threatens to disrupt severely the fair and efficient administration of the laws.’  Congress has established dozens of agencies which serve as indispensible corporate watchdogs and whose oversight provides a check on the power of Wall Street. I am very concerned that the Court’s decision today will call into question the ability of these agencies to adequately protect the public.  ‘By continuing to issue decisions that benefit corporate risk-takers at the expense of hardworking Americans, the Court has once again undermined the government’s effort to reign in corruption on Wall Street. Congress must take swift action to respond to this disappointing decision, and I look forward to working with Senators from both sides of the aisle to pass legislation that will reinstate the Public Company Accounting Oversight Board and the important protections it provides our citizens.’Source: Leahy’s office. 6.28.2010# # # # # #last_img read more

January 1

Vermont recognized for Websites and Web portals for second year in row

first_imgGovernor Jim Douglas celebrated the State’s ranking as one of the ten best government portals and websites in the nation by e.Republic’s Center for Digital Government. This is the second year in a row that the Vermont Information Consortium (VIC), the State’s web portal vendor, has received this recognition. The Digital Government Achievement Awards (DGAA) go to outstanding websites and web portals at the state, county and city levels.‘In the coming years, it is important that we continue improving how state government interacts with Vermonters and visitors over the web. Through Challenges for Change and other efforts across state government we are looking to increase web utilization to both save taxpayer money and deliver services more effectively.’‘It is great news that the State’s e-resources are being recognized as among the best in the nation,’ Governor Douglas said. ‘In the coming years, it is important that we continue improving how state government interacts with Vermonters and visitors over the web. Through Challenges for Change and other efforts across state government we are looking to increase web utilization to both save taxpayer money and deliver services more effectively.’e.Republic judged websites and web portals from across the country on their functionality, efficiency and innovation. VIC ranked as a finalist in the 2010 Best of the Web State Portal Category. According to Cathilea Robinett, executive director of the Center for Digital Government, ‘The winners’ innovative use of the Internet to continue delivering citizen services despite tight fiscal constraints is inspiring. This skilled use of the Web embodies the spirit of the Best of the Web awards and provides examples to state and local government leaders around the country on how to bring quality services to their citizens while containing costs. We applaud all of you for your creativity and your dedication.’David Tucker, the Commissioner of the Department of Information and Innovation and the Chief Information Officer for the State, said: ‘Winning recognition once is notable, but winning two years in a row is remarkable. With the number of exciting initiatives currently underway, we hope to see VIC continue to be recognized for their outstanding work on behalf of the State of Vermont.’According to its website, the Center for Digital Government (www.centerdigitalgov.com(link is external)) is a national research and advisory institute on information technology policies and best practices in state and local government. The Center is a division of e.Republic, Inc., (www.erepublic.com(link is external)) the nation’s leading publishing, research, event, and new media company focused on information technology for the state/local government and education sectors.For more information about the awards visit www.centerdigitalgov.com(link is external)About Vermont.govVermont.gov (http://www.Vermont.gov(link is external)) is the official Web portal of the State of Vermont. Vermont.gov is managed through a public-private partnership between the State of Vermont and Vermont Information Consortium, the Montpelier-based official eGovernment partner for the State of Vermont. The company builds and manages interactive government services on behalf of the state and is a wholly owned subsidiary of eGovernment firm NIC (NASDAQ: EGOV).About NICNIC manages more eGovernment services than any provider in the world. The company helps government communicate more effectively with citizens and businesses by putting essential services online. NIC provides eGovernment solutions for 3,000 state and local agencies that serve more than 97 million people in the United States. Additional information is available at www.nicusa.com(link is external). Source: MONTPELIER, Vt.–(BUSINESS WIRE)-9.15.2010last_img read more

January 1

U-Haul ranks Vermont and Michigan as top 2010 growth states

first_imgJanuary – December 2010 U-Haul International, Inc, today released the results of the annual U-Haul National Migration Trend Report, reflecting the nation’s top growth states for families who moved during 2010. The report, titled “2010 Top 10 U.S. Growth States,” indicates that for states with more than 20,000 families moving, Michigan had the highest percentage of growth, with 3.14 percent more families moving into the state than out, moving Kentucky to sixth place from last year. For states with 5,000 – 20,000 families moving, Vermont had the highest percentage, with a growth rate of 19.46 percent in 2010. 9.NORTH CAROLINA0.93% With More Than 20,000 Families Moving 2.MAINE13.41% 6.IOWA2.28% 3.DELAWARE8.23% 7.OHIO1.25% 10.CALIFORNIA0.75% 5.NORTH DAKOTA3.61% RANKSTATE%GROWTH January – December 2010 “The average American moves 11 times in a lifetime,” explained U-Haul President of Phoenix Operations John “J.T.” Taylor. “Our customers rely on us to provide affordable services, and we are proud to be able to offer families who need moving services the increased convenience of our locations, which makes for a shorter distance to travel when moving. This not only makes their move easier but also has the positive effect of reducing the amount of carbon emissions released into the atmosphere and saves our customers money.”The report, reflective of growth patterns of the United States during 2010, was compiled based on nationwide trends in states with more than 5,000 families moving in or out of the area. Growth was then determined by calculating the percentage of inbound moves vs. outbound moves for each state.The 2010 Top 10 U.S. Growth States Report was compiled from more than 1.4 million U-Haul one-way truck transactions occurring during a recent 12-month period.About U-HaulSince 1945, U-Haul has been the choice for the do-it-yourself mover, with a network of more than 16,300 locations in all 50 States and 10 Canadian provinces. U-Haul customers’ patronage has enabled the Company to maintain the largest rental fleet in the do-it-yourself moving industry with approximately 104,000 trucks, 80,000 trailers and 36,000 towing devices. U-Haul offers more than 406,000 rooms and 36 million square feet of storage space at nearly 1,100 owned and managed facilities throughout North America. U-Haul is the consumer’s number one choice as the largest installer of permanent trailer hitches in the automotive aftermarket industry. The Company supplies alternative-fuel for vehicles and backyard barbecues as one of the nation’s largest retailers of propane.U-Haul was founded by a Navy veteran who grew up during the Great Depression. Tires and gas were still rationed or in short supply during the late 1940s when U-Haul began serving U.S. customers. Today, that background is central to the U-Haul Sustainability Program: “Serving the needs of the present without compromising the ability of future generations to meet their own needs.” Our commitment to reduce, reuse and recycle includes fuel-efficient moving vans, neighborhood proximity, moving box reuse, moving pads made from discarded material and packing peanuts that are 100% biodegradable. Learn more about these facts and others at uhaul.com/sustainability. PHOENIX, Feb. 16, 2011 /PRNewswire/ — U-Haul International, Inc 4.WASHINGTON1.53% U-Haul Top 10 U.S. Growth States 1.VERMONT19.46%center_img 9.WYOMING1.46% 1.MICHIGAN3.14% RANKSTATE%GROWTH 7.DISTRICT OF COLUMBIA1.98% U-Haul Top 10 U.S. Growth States 2.TEXAS1.67% 10.WEST VIRGINIA0.52% 8.UTAH1.88% 4.OREGON6.01% 6.KENTUCKY1.30% With 5,000 – 20,000 Families Moving 5.COLORADO1.38% 3.MARYLAND1.61% 8.NEW YORK1.21%last_img read more

January 1

$11 million in heating assistance released to Vermont

first_imgOn the heels of the first winter storm of the season, Vermont’s congressional delegation ‘ Senators Patrick Leahy, Bernie Sanders and Representative Peter Welch ‘ today announced the immediate release over $11 million in heating assistance to eligible Vermonters. The funds will provide assistance through the Low Income Heating Assistance Program (LIHEAP). With  continued uncertainty over the final FY2012 funding levels for LIHEAP, Leahy, Sanders and Welch have pushed in recent weeks for the funds to be released immediately so states have the opportunity to help those with greatest needs now. Leahy said, ‘Winter is setting in early across Vermont this year, and this initial infusion of heating aid is welcome, but it will not be enough.  We are working on several tracks to press for adequate heating assistance for this season, and we are pointing out as forcefully as we can that time, and funding, are running short.’ Sanders said, ‘The federal home heating assistance funding that the administration released will help tens of thousands of senior citizens, families with children, and persons with disabilities stay warm this winter.  While I am glad that the president is finally releasing this funding, much more must be done.  Last year Vermont received $26 million in LIHEAP funding.  Today, only $11 million in LIHEAP funding is being released.  With poverty increasing and heating oil prices skyrocketing, significantly cutting LIHEAP would cause a severe winter health emergency.  We cannot let that happen.  The administration’s proposal to cut LIHEAP in half and the House Republican plan to cut more than $1 billion in LIHEAP funding are both unacceptable.  I will do everything I can to make sure that LIHEAP is level-funded and that no-one in Vermont goes cold this winter.’ Welch said, ‘With over a foot of snow blanketing some parts of the state, the immediate release of this money is welcome news. Energy assistance is a critical lifeline for countless Vermonters, even in the best of times.  While this news should give peace of mind to those who can’t afford their fuel bills, it is a down payment on what Vermont will need to meet the demand this winter. We’ll continue fighting to ensure LIHEAP is fully funded and available for those who need it when they need it.’ While LIHEAP funding for FY2012 remains uncertain, rising fuel prices are likely to increase the numbers of Vermonters requiring assistance. The Department of Energy’s (DOE) Energy Information Agency projects average household heating expenditures will reach record highs this winter, with predicted increases of three percent for natural gas, seven percent for propane, and eight percent for heating oil. The National Energy Assistance Directors’ Association anticipates 9.4 million households will seek assistance with their energy costs through the LIHEAP program this winter, up from 8.9 million last year. In FY2011, Vermont received $25.6 million in LIHEAP funds, providing assistance to 27,000 Vermonters.   WASHINGTON, Nov. 1, 2011last_img read more