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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

  • 2,332Employees

  • $218.4 MillionTotal Annual Compensation & Benefits

  • $93,651Average Total Compensation & Benefits

  • 12Banks Headquartered in State

Source: FDIC Call Report 2024Q4, Bureau of Labor Statistics 2024, ABA analysis

Lending

Lending

  • $1.3 BillionNew Home Loans Booked in 2024

  • 3,706Number of New Home Loans in 2024

  • $305,000Median New Home Loan Size in 2024

  • $1 BillionSmall Business Loans

  • 40.9 ThousandNumber of Small Business Loans

  • $25,082Average Small Business Loan

  • $118.5 MillionSmall Farm Loans

  • 2,040Number of Small Farm Loans

  • $58,080Average Small Farm Loan

Source: FFIEC HMDA 2024, FFIEC CRA 2023, FDIC Call Report 2024Q4, ABA analysis

Customers

Customers

  • $18.5 BillionDeposits

  • 25Banks Operating Branches

  • 223Branches & Offices

  • 104Branches Offering Low Fee Bank On-certified Accounts

Source: FDIC Summary of Deposits 2024Q2, CFE Fund, ABA analysis

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