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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

  • 2,537Employees

  • $244.2 MTotal Annual Compensation & Benefits

  • $96,266Average Total Compensation & Benefits

  • 12Banks Headquartered in State

Source: FDIC Call Report 2023Q4, Bureau of Labor Statistics 2023, ABA analysis

Lending

Lending

  • $1.1 BNew Home Loans Booked in 2023

  • 3,476Number of New Home Loans in 2023

  • $295,000Median New Home Loan Size in 2023

  • $1 BSmall Business Loans

  • 40.8 KNumber of Small Business Loans

  • $25,088Average Small Business Loan

  • $116.7 MSmall Farm Loans

  • 1,991Number of Small Farm Loans

  • $58,616Average Small Farm Loan

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

Customers

Customers

  • $18.1 BDeposits

  • 25Banks Operating Branches

  • 224Branches & Offices

  • 107Branches 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: FDIC Summary of Deposits 2023Q4, CFE Fund, ABA analysis

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