Bank of Burlington launches today – Vermont Biz

by | Aug 2, 2022 | Business

Vermont Business Magazine Bank of Burlington has received a certificate of insurance from the Federal Deposit Insurance Company (FDIC) and a Certificate of Authority from the State of Vermont Department of Financial Regulation effective August 2, 2022. Bank of Burlington is the newest Vermont Charted Bank since 1989.“We are delighted to announce the opening of Bank of Burlington. Chittenden County needs, and deserves, a local bank,” said Geoffrey Hesslink, CEO/Chairman. ”Bank of Burlington will return responsive, high service community banking to Vermonters. This is banking like it used to be – where you know your banker, they know your business and without the hassles of large regional/national banks. Technology and a new way of thinking around fee structures will bring community banking forward.”
Highlights:

Bank of Burlington is the first State of Vermont Banking Charter issued since 1989
Bank of Burlington will serve small to mid-size businesses in Vermont
Bank of Burlington will provide growth capital to this important sector of the Vermont economy.    
96% of the investors are either individuals who live locally in Vermont or are part of a Vermont-based business

This is local capital funding local businesses. 

Bank of Burlington offers custom lending solutions to Vermont businesses and a full suite of deposit products/services to individuals and businesses. Bank of Burlington is a community bank that is looking toward the future; both in the use of technology and differentiating products.
“We are starting with a clean slate; allowi …

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