<SEC-DOCUMENT>0001144204-15-054190-index.html : 20150909
<SEC-HEADER>0001144204-15-054190.hdr.sgml : 20150909
<ACCEPTANCE-DATETIME>20150909131813
ACCESSION NUMBER:		0001144204-15-054190
CONFORMED SUBMISSION TYPE:	425
PUBLIC DOCUMENT COUNT:		6
FILED AS OF DATE:		20150909
DATE AS OF CHANGE:		20150909

SUBJECT COMPANY:	

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			MERCHANTS BANCSHARES INC
		CENTRAL INDEX KEY:			0000726517
		STANDARD INDUSTRIAL CLASSIFICATION:	STATE COMMERCIAL BANKS [6022]
		IRS NUMBER:				030287342
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		425
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-11595
		FILM NUMBER:		151098513

	BUSINESS ADDRESS:	
		STREET 1:		275 KENNEDY DRIVE
		CITY:			SOUTH BURLINGTON
		STATE:			VT
		ZIP:			05403
		BUSINESS PHONE:		8026583400

	MAIL ADDRESS:	
		STREET 1:		275 KENNEDY DRIVE
		CITY:			SOUTH BURLINGTON
		STATE:			VT
		ZIP:			05403

FILED BY:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			MERCHANTS BANCSHARES INC
		CENTRAL INDEX KEY:			0000726517
		STANDARD INDUSTRIAL CLASSIFICATION:	STATE COMMERCIAL BANKS [6022]
		IRS NUMBER:				030287342
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		425

	BUSINESS ADDRESS:	
		STREET 1:		275 KENNEDY DRIVE
		CITY:			SOUTH BURLINGTON
		STATE:			VT
		ZIP:			05403
		BUSINESS PHONE:		8026583400

	MAIL ADDRESS:	
		STREET 1:		275 KENNEDY DRIVE
		CITY:			SOUTH BURLINGTON
		STATE:			VT
		ZIP:			05403
</SEC-HEADER>
<DOCUMENT>
<TYPE>425
<SEQUENCE>1
<FILENAME>v420004_8k.htm
<DESCRIPTION>FORM 8-K
<TEXT>
Document 1 - file: v420004_8k.htm

</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>2
<FILENAME>v420004_ex99-1.htm
<DESCRIPTION>EXHIBIT 99.1
<TEXT>
Document 2 - file: v420004_ex99-1.htm

</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>3
<FILENAME>image_001.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
Document 3 - file: image_001.jpg

</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>4
<FILENAME>image_001.gif
<DESCRIPTION>GRAPHIC
<TEXT>
Document 4 - file: image_001.gif

</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>5
<FILENAME>image_003.gif
<DESCRIPTION>GRAPHIC
<TEXT>
Document 5 - file: image_003.gif

</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>6
<FILENAME>image_002.gif
<DESCRIPTION>GRAPHIC
<TEXT>
Document 6 - file: image_002.gif

</DOCUMENT>
</SEC-DOCUMENT>