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Passumpsic Bank


Overview / Commentary
www.passumpsicbank.com
802-748-3196
497 Railroad Street
Saint Johnsbury, VT 05819

Passumpsic Bank is headquartered in SAINT JOHNSBURY and is the 4th largest bank in the state of Vermont. It is also the 1,143rd largest bank in the nation. It was established in 1853 and as of June of 2023, it had grown to 157 employees at 12 locations. Passumpsic Bank's CD rates are 5X the national average, and it has a B health rating.

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Reviews (2)

Know Me By Name

Posted by: |

The best part of banking at a local bank is everyone knows me by name. They ask how I'm doing, how the job is going. I can joke with them and they'll joke back. The service is always top-notch and everyone is super friendly. When I went in last year to open my checking account the woman who sat with me asked me what I would use the account for and then recommended what she thought would be the best fit. It was a basic account which allowed online banking, but not a lot of bells and whistles since I didn't require any. I used their ATM to deposit one of my checks and it showed up that Monday. I signed up for Direct Deposit into my account on a Monday and it was all set up and working smoothly by that Wednesday. I have never had a problem with glitches in the system nor breaks in security. All in all I can say they are very good to do business with.

2

Good place to bank!

Posted by: |

My experience with Passumpsic Bank has been positive. They have several branches in the North Country of NH including Littleton, Whitefield and Lancaster which I have found convenient. Their customer service representatives are pleasant and professional. The bank employees keep the small town feel , where it's a good feeling to bank where I'm known by name when I enter a location. Their services include checking and savings accounts as well as other products. They provide telebanking which I find very convenient. The only difference I have found in comparison with the telebanking of national banks is that Passumpsic doesn't seem to have the level of transaction detail available over the phone as I would like. It will provide you with your balance and last transaction amounts and date, but I have not been able to get details (ie. location or name of company) on transactions. They do seem to have this level of detail if you request it at a branch location, so I hold out hope that telebanking will get more detailed in the future. Customer care is their biggest asset, because they make it about me.

2


Health
B

Data as of Q2 2023

Learn why bank health matters

Health Grade Components

Overall
FDIC Certificate #14134
Year Established1853
Employees157
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD0.7%
Return on Equity - YTD5.94%
Annual Interest Income$14.9MM
Assets and Liabilities
AssetsQ2 2023vs Q2 2022$847.1MM$842.1MM
LoansQ2 2023vs Q2 2022$638.8MM$610.2MM
DepositsQ2 2023vs Q2 2022$678.7MM$714.4MM
Equity CapitalQ2 2023vs Q2 2022$100.5MM$95.2MM
Loan Loss AllowanceQ2 2023vs Q2 2022$7.2MM$8.3MM
Unbacked Noncurrent LoansQ2 2023vs Q2 2022$12.1MM$8.9MM
Real Estate OwnedQ2 2023vs Q2 2022$0$0
Rates
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Always verify rates and promotions with the bank or credit union. We are not Passumpsic Bank; we are a rate comparison website and cannot provide official rates or promotions.

* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

Passumpsic Bank Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.50%*-$50kKasasa Saver
OTHER TIERS: 0.15% → $50k+
0.15%*$15k*-Health Savings Account
OTHER TIERS: 0.05% → $1 - $5k | 0.10% → $5k - $15k
0.10%$2-Savers Club
0.08%$25-IRA Savings
0.08%$50-Statement Savings
0.08%$4-Youth Statement Savings

Passumpsic Bank Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.40%*$500k*-Money Market Account
OTHER TIERS: 0.05% → $1k - $10k | 0.15% → $10k - $50k | 0.25% → $50k - $100k | 0.35% → $100k - $500k
0.40%*$500k*-Business Money Market Account
OTHER TIERS: 0.05% → $1k - $10k | 0.15% → $10k - $50k | 0.25% → $50k - $100k | 0.35% → $100k - $500k

Passumpsic Bank Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
3.00%*-$15kKasasa Cash
OTHER TIERS: 0.20% → $15k+
0.20%*$50k*-Non-Profit Plus
OTHER TIERS: 0.05% → $10k - $50k
0.05%$500-Business NOW Account

Passumpsic Bank CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
4.85%$10k-6 Month CD Special- New Money
4.75%$10k-6 Month CD Special
4.60%$10k-12 Month CD Special- New Money
4.50%$10k-12 Month CD Special
4.35%$10k-18 Month CD Special- New Money
4.25%$10k-18 Month CD Special
1.05%$500-5 Year CD
0.90%$500-4 Year CD
0.80%$500-3 Year CD
0.70%$500-2 Year CD
0.60%$500-12 Month CD
0.40%$500-6 Month CD
0.40%$75-Youth 6 Month CD
0.15%$500-3 Month CD

Passumpsic Bank IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
4.85%$10k-6 Month IRA Special with New Money
4.75%$10k-6 Month IRA Special
4.60%$10k-12 Month IRA Special with New Money
4.50%$10k-12 Month IRA Special
4.35%$10k-18 Month IRA Special with New Money
4.25%$10k-18 Month IRA Special
1.05%$500-5 Year IRA
0.90%$500-4 Year IRA
0.80%$500-3 Year IRA
0.70%$500-2 Year IRA
0.60%$500-12 Month IRA
0.40%$500-6 Month IRA
0.15%$500-3 Month IRA
Locations

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