BENNINGTON - Vermont Gov. James Douglas announced at a Statehouse press conference Thursday that he will not seek a fifth term as governor.

He also dispelled rumors that he would seek federal office, saying he will not run for the state's lone seat in the U.S. House or for the U.S. Senate. Douglas also said he will not seek the presidency.

Douglas has served in state government since 1972 when he was elected to the Vermont House of Representatives as a 22-year-old graduate of Middlebury College. Now 58, he has also served as Secretary of State and Treasurer before becoming governor.

Read the full story in Friday's edition of the Banner.