Best Banks in Vermont

The best and largest banks in Vermont (USA) are Merchants Bank, Northfield Savings Bank, Union Bank, Passumpsic Savings Bank, among others.

Merchants Bancshares, Inc. is one of the largest bank holding companies headquartered in the State of Vermont in terms of deposits. It is the bank holding company of the wholly owned subsidiary, Merchants Bank, which is a full-service commercial bank offering a full range of retail and commercial services to businesses, industry, private and government institutions and individuals.

Northfield Savings Bank was rated a “Best Performing Institution", according to the Highline Financial quarterly bank performance report. The Highline Rating is calculated on a quarterly basis using four key ratios (capital adequacy, asset quality, earnings strength and liquidity) and encompasses both current and historical data.

With headquarters in Morrisville, VT, Union Bank has been serving the financial needs of area communities since 1891. The Bank scored an Outstanding rating on its most recent Community Reinvestment Act (CRA) examination, administered by the FDIC in June, 2007.

Passumpsic Savings Bank is the largest independent bank in Vermont's Northeast Kingdom, with offices in St. Johnsbury, Danville, Lyndonville, Island Pond and Newport, Vermont, as well as Littleton, Lancaster, Groveton, and Whitefield, New Hampshire. It is a stock savings bank and is a wholly owned subsidiary of Passumpsic Bancorp., a mutual holding company.

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