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Vermont: Banks’ Economic Impact

Banks support Vermont’s economy with consumer, business and other loans, and by providing more than 2,000 people with a rewarding place to work.

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Jobs

Jobs

  • 2,765Employees

  • $243.6 MTotal Annual Compensation & Benefits

  • $88,105Average Total Compensation & Benefits

  • 12Banks Headquartered in State

Source: FDIC branch deposit data (2020), estimates based on ABA 2020/2021 survey data

Lending

Lending

  • $2.3 BNew Home Loans Booked in 2020

  • 8,641Number of New Home Loans in 2020

  • $205,000Median New Home Loan Size in 2020

  • $1.1 Bin Paycheck Protection Program (PPP) Loans Facilitated

  • 10,255PPP Loans

  • $30,150Median PPP Loan

  • 125 KJobs Supported by PPP

Peoples Trust Company Aids Local Restaurant

Peoples Trust Company went to great lengths to ensure local businesses would have a shot at success during the COVID-19 pandemic. Tom Murphy, owner of Twiggs Restaurant in St. Albans, Vt., partnered with Peoples Trust Company—receiving a PPP loan to protect his business. With their help, Murphy was able to save the jobs of all 60 of his employees.

Source: Estimates based on ABA 2020/2021 survey data, HMDA, SBA PPP Loans

Customers

Customers

  • 798.2 KCustomers

  • $17 BDeposits

  • 23Banks Operating Branches

  • 229Branches & Offices

  • 78Branches Offering Low Fee Bank On-certified Accounts

Surviving and Thriving After the Storm

Brattleboro Savings in Vermont is now a major partner for residents in Wilmington. Amy Sullivan credits the bank for responsiveness as she rebuilt her store following Hurricane Irene.

Source: Estimates based on ABA 2020/2021 survey data, FDIC branch deposit data, CFE Fund and S&P Global Market Intelligence

Giving Back

Giving Back

  • 31.9 KVolunteer Hours

  • $7.4 MCommunity Donations

Source: Estimates based on ABA 2020/2021 survey data

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