Passumpsic Bank

Overview / Commentary
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 1,112th largest bank in the nation. It was established in 1853 and as of March of 2022, it had grown to 150 employees at 12 locations. Passumpsic Bank has an A health rating.

Reviews (2)

Know Me By Name

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.

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.


Health Grade Components

FDIC Certificate #14134
Year Established1853
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD-0.39%
Return on Equity - YTD-3.23%
Annual Interest Income$6.0MM
Assets and Liabilities
AssetsQ1 2022vs Q1 2021$869.4MM$843.7MM
LoansQ1 2022vs Q1 2021$588.0MM$559.9MM
DepositsQ1 2022vs Q1 2021$737.8MM$710.2MM
Equity CapitalQ1 2022vs Q1 2021$101.8MM$101.9MM
Loan Loss AllowanceQ1 2022vs Q1 2021$8.4MM$7.6MM
Unbacked Noncurrent LoansQ1 2022vs Q1 2021$8.0MM$5.2MM
Real Estate OwnedQ1 2022vs Q1 2021$0$0

Rates for Passumpsic Bank are currently being reviewed.



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