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Vermont: Banks’ Economic Impact

Banks support Vermont’s economy with consumer, business and other loans, and by providing more than 3,000 people with a rewarding place to work.

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Jobs

Jobs

  • 3,005Employees

  • $248 MTotal Annual Compensation & Benefits

  • $82,533Average Total Compensation & Benefits

  • 11Banks Headquartered in State

Source: Estimates based on ABA 2019/2020 survey data

Lending

Lending

  • $619.6 MSmall Business Loans Outstanding

  • $1.2 BNew Home Loans Booked in 2018

  • 5,694Number of New Home Loans in 2018

  • $155,000Median New Home Loan Size in 2018

  • $263.1 MSmall Farm Loans Outstanding

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 2019/2020 survey data, HMDA

Customers

Customers

  • 796.1 KTotal Customers

  • $13.7 BDeposits

  • 688.8 KConsumer

  • 231.1 KSmall Business

  • 245.7Small Farm

  • 23Banks Operating Branches

  • 235Branches & Offices

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 2019/2020 survey data, FDIC branch deposit data

Giving Back

Giving Back

  • 29.5 KVolunteer hours

  • $5.9 MCommunity Donations

Source: Estimates based on ABA 2019/2020 survey data. Does not include individual employee donations.

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