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  <import namespace="http://fasb.org/us-gaap/2012-01-31" schemaLocation="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd" />
  <element id="mbvt_DocumentAndEntityInformationAbstract" name="DocumentAndEntityInformationAbstract" nillable="true" type="xbrli:stringItemType" substitutionGroup="xbrli:item" abstract="true" xbrli:periodType="duration" />
  <element id="mbvt_StateFranchiseTaxes" name="StateFranchiseTaxes" nillable="true" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" xbrli:balance="debit" />
  <element id="mbvt_PreferredClassNonVotingMember" name="PreferredClassNonVotingMember" nillable="true" type="nonnum:domainItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" />
  <element id="mbvt_PreferredClassBVotingMember" name="PreferredClassBVotingMember" nillable="true" type="nonnum:domainItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" />
  <element id="mbvt_DeferredCompensationEquityAndLiability" name="DeferredCompensationEquityAndLiability" nillable="true" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" xbrli:periodType="instant" xbrli:balance="credit" />
  <element id="mbvt_DistributionOfTreasuryStockInLieuOfCashDividend" name="DistributionOfTreasuryStockInLieuOfCashDividend" nillable="true" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" xbrli:balance="debit" />
  <element id="mbvt_TreasuryStockNumberOfShares" name="TreasuryStockNumberOfShares" nillable="true" type="xbrli:sharesItemType" substitutionGroup="xbrli:item" xbrli:periodType="instant" />
  <element id="mbvt_TreasuryStocksValue" name="TreasuryStocksValue" nillable="true" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" xbrli:periodType="instant" xbrli:balance="debit" />
  <element id="mbvt_IncreaseInPayableForInvestmentsPurchased" name="IncreaseInPayableForInvestmentsPurchased" nillable="true" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" xbrli:balance="debit" />
  <element id="mbvt_DistributionOfStockUnderDeferredCompensationArrangements" name="DistributionOfStockUnderDeferredCompensationArrangements" nillable="true" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" xbrli:balance="debit" />
  <element id="mbvt_ScheduleOfAverageRecordedInvestmentAndInterestIncomeRecognizedTableTextBlock" name="ScheduleOfAverageRecordedInvestmentAndInterestIncomeRecognizedTableTextBlock" nillable="true" type="nonnum:textBlockItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" />
  <element id="mbvt_ScheduleOfNonperformingLoansTableTextBlock" name="ScheduleOfNonperformingLoansTableTextBlock" nillable="true" type="nonnum:textBlockItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" />
  <element id="mbvt_ScheduleOfNonaccrualLoansByClassTableTextBlock" name="ScheduleOfNonaccrualLoansByClassTableTextBlock" nillable="true" type="nonnum:textBlockItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" />
  <element id="mbvt_NonAgencyCmoPortfolioMember" name="NonAgencyCmoPortfolioMember" nillable="true" type="nonnum:domainItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" />
  <element id="mbvt_BondOneMember" name="BondOneMember" nillable="true" type="nonnum:domainItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" />
  <element id="mbvt_BondTwoMember" name="BondTwoMember" nillable="true" type="nonnum:domainItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" />
  <element id="mbvt_DividendIncomeOnInvestmentInFederalHomeLoanBankStock" name="DividendIncomeOnInvestmentInFederalHomeLoanBankStock" nillable="true" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" xbrli:balance="credit" />
  <element id="mbvt_AvailableForSaleSecuritiesDebtMaturitiesFairValueTotal" name="AvailableForSaleSecuritiesDebtMaturitiesFairValueTotal" nillable="true" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" xbrli:periodType="instant" xbrli:balance="debit" />
  <element id="mbvt_OwnerOccupiedMember" name="OwnerOccupiedMember" nillable="true" type="nonnum:domainItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" />
  <element id="mbvt_NonOwnerOccupiedMember" name="NonOwnerOccupiedMember" nillable="true" type="nonnum:domainItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" />
  <element id="mbvt_PercentageOfLoansOriginatedInAmountsOfAppraisedValueOfProperty" name="PercentageOfLoansOriginatedInAmountsOfAppraisedValueOfProperty" nillable="true" type="num:percentItemType" substitutionGroup="xbrli:item" xbrli:periodType="instant" />
  <element id="mbvt_NonaccruingTroubledDebtRestructuring" name="NonaccruingTroubledDebtRestructuring" nillable="true" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" xbrli:periodType="instant" xbrli:balance="debit" />
  <element id="mbvt_CommercialFinancialAndAgriculturalMember" name="CommercialFinancialAndAgriculturalMember" nillable="true" type="nonnum:domainItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" />
  <element id="mbvt_MunicipalLoansMember" name="MunicipalLoansMember" nillable="true" type="nonnum:domainItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" />
  <element id="mbvt_InstallmentLoansMember" name="InstallmentLoansMember" nillable="true" type="nonnum:domainItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" />
  <element id="mbvt_AllOtherLoansMember" name="AllOtherLoansMember" nillable="true" type="nonnum:domainItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" />
  <element id="mbvt_ReserveForUndisbursedLinesOfCredit" name="ReserveForUndisbursedLinesOfCredit" nillable="true" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" xbrli:periodType="instant" xbrli:balance="credit" />
  <element id="mbvt_ResidentialMember" name="ResidentialMember" nillable="true" type="nonnum:domainItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" />
  <element id="mbvt_CommercialMember" name="CommercialMember" nillable="true" type="nonnum:domainItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" />
  <element id="mbvt_FinanceReceivablesWithAndWithoutRelatedAllowanceAxis" name="FinanceReceivablesWithAndWithoutRelatedAllowanceAxis" nillable="true" type="xbrli:stringItemType" substitutionGroup="xbrldt:dimensionItem" abstract="true" xbrli:periodType="duration" />
  <element id="mbvt_FinanceReceivablesWithAndWithoutRelatedAllowanceDomain" name="FinanceReceivablesWithAndWithoutRelatedAllowanceDomain" nillable="true" type="nonnum:domainItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" />
  <element id="mbvt_WithNoRelatedAllowanceRecordedMember" name="WithNoRelatedAllowanceRecordedMember" nillable="true" type="nonnum:domainItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" />
  <element id="mbvt_WithRelatedAllowanceRecordedMember" name="WithRelatedAllowanceRecordedMember" nillable="true" type="nonnum:domainItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" />
  <element id="mbvt_NonaccrualNonTroubledDebtRestructuredLoans" name="NonaccrualNonTroubledDebtRestructuredLoans" nillable="true" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" xbrli:periodType="instant" xbrli:balance="debit" />
  <element id="mbvt_TroubledDebtRestructuringModificationPremodificationRecordedInvestment" name="TroubledDebtRestructuringModificationPremodificationRecordedInvestment" nillable="true" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" xbrli:balance="debit" />
  <element id="mbvt_TroubledDebtRestructuringModificationPostModificationRecordedInvestment" name="TroubledDebtRestructuringModificationPostModificationRecordedInvestment" nillable="true" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" xbrli:balance="debit" />
  <element id="mbvt_UnratedResidentialAndConsumerMember" name="UnratedResidentialAndConsumerMember" nillable="true" type="nonnum:domainItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" />
  <element id="mbvt_PassWatchMember" name="PassWatchMember" nillable="true" type="nonnum:domainItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" />
  <element id="mbvt_ImpairedLoansAtFairValue" name="ImpairedLoansAtFairValue" nillable="true" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" xbrli:periodType="instant" xbrli:balance="debit" />
  <element id="mbvt_AccruedInterestReceivableFairValueDisclosure" name="AccruedInterestReceivableFairValueDisclosure" nillable="true" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" xbrli:periodType="instant" xbrli:balance="debit" />
  <element id="mbvt_AccruedInterestPayableFairValueDisclosure" name="AccruedInterestPayableFairValueDisclosure" nillable="true" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" xbrli:periodType="instant" xbrli:balance="credit" />
  <element id="mbvt_FinalAveragePayPlanYears" name="FinalAveragePayPlanYears" nillable="true" type="xbrli:durationItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" />
  <element id="mbvt_NumberOfYearsThatProduceHighestAverageSalaryUnderFinalAveragePayPlan" name="NumberOfYearsThatProduceHighestAverageSalaryUnderFinalAveragePayPlan" nillable="true" type="xbrli:durationItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" />
  <element id="mbvt_ContingentObligationsUnderStandbyLettersOfCredit" name="ContingentObligationsUnderStandbyLettersOfCredit" nillable="true" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" xbrli:balance="debit" />
  <element id="mbvt_ExpirationTermOfContingentObligationsMonths" name="ExpirationTermOfContingentObligationsMonths" nillable="true" type="xbrli:durationItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" />
  <element id="mbvt_ValuationMethodologyRangeOfInputsPercentage" name="ValuationMethodologyRangeOfInputsPercentage" nillable="true" type="num:percentItemType" substitutionGroup="xbrli:item" xbrli:periodType="instant" />
  <element id="mbvt_FairValueValuationMethodologyAndUnobservableInputsAxis" name="FairValueValuationMethodologyAndUnobservableInputsAxis" nillable="true" type="xbrli:stringItemType" substitutionGroup="xbrldt:dimensionItem" abstract="true" xbrli:periodType="duration" />
  <element id="mbvt_FairValueValuationMethodologyAndUnobservableInputsDomain" name="FairValueValuationMethodologyAndUnobservableInputsDomain" nillable="true" type="nonnum:domainItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" />
  <element id="mbvt_OtherRealEstateOwnedMember" name="OtherRealEstateOwnedMember" nillable="true" type="nonnum:domainItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" />
  <element id="mbvt_ImpairedLoansMember" name="ImpairedLoansMember" nillable="true" type="nonnum:domainItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" />
  <element id="mbvt_PrepaymentPenalty" name="PrepaymentPenalty" nillable="true" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" xbrli:balance="debit" />
  <element id="mbvt_InstallmentAndOtherMember" name="InstallmentAndOtherMember" nillable="true" type="nonnum:domainItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" />
  <element id="mbvt_InterestRateSwapAgreements" name="InterestRateSwapAgreements" nillable="true" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" xbrli:periodType="instant" xbrli:balance="debit" />
  <element id="mbvt_LiabilityInterestRateSwapAgreements" name="LiabilityInterestRateSwapAgreements" nillable="true" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" xbrli:periodType="instant" xbrli:balance="credit" />
  <element id="mbvt_FinancingReceivableAllowanceForCreditLossesNetLoanLossesAsPercentageOfPortfolioBalancesWeightedAveragePeriodOfDetermination" name="FinancingReceivableAllowanceForCreditLossesNetLoanLossesAsPercentageOfPortfolioBalancesWeightedAveragePeriodOfDetermination" nillable="true" type="xbrli:durationItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" />
  <element id="mbvt_TdrLoansNonAccruingMember" name="TdrLoansNonAccruingMember" nillable="true" type="nonnum:domainItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" />
  <element id="mbvt_FinancingReceivableRestructuredWithLongerTermsAtMarketRatesMember" name="FinancingReceivableRestructuredWithLongerTermsAtMarketRatesMember" nillable="true" type="nonnum:domainItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" />
  <element id="mbvt_FinancingReceivableRestructuredWithRateConcessionsMember" name="FinancingReceivableRestructuredWithRateConcessionsMember" nillable="true" type="nonnum:domainItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" />
  <element id="mbvt_NonaccrualTroubledDebtRestructuredLoans" name="NonaccrualTroubledDebtRestructuredLoans" nillable="true" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" xbrli:periodType="instant" xbrli:balance="debit" />
  <element id="mbvt_FinancingReceivableModificationsNumberOfContractsDuration" name="FinancingReceivableModificationsNumberOfContractsDuration" nillable="true" type="xbrli:integerItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" />
  <element id="mbvt_RestructuredMember" name="RestructuredMember" nillable="true" type="nonnum:domainItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" />
  <element id="mbvt_CollateralizedMortgageObligationsIssuedByUSGovernmentSponsoredEntitiesMember" name="CollateralizedMortgageObligationsIssuedByUSGovernmentSponsoredEntitiesMember" nillable="true" type="nonnum:domainItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" />
  <element id="mbvt_NumberOfInvestmentSecurities" name="NumberOfInvestmentSecurities" nillable="true" type="xbrli:positiveIntegerItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" />
  <element id="mbvt_PropertiesSoldMember" name="PropertiesSoldMember" nillable="true" type="nonnum:domainItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" />
  <element id="mbvt_DefaultMember" name="DefaultMember" nillable="true" type="nonnum:domainItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" />
</schema>
