The Bank of Bennington is headquartered in Bennington and is the 6th largest bank in the state of Vermont. It is also the 1,638th largest bank in the nation. It was established in 1917 and as of June of 2022, it had grown to 56 employees at 5 locations. The Bank of Bennington's money market rates are 2X the national average, and it has an A health rating.
It Works, But Be Careful Going Abroad.
I've had a checking account with a debit card from the Bank of Bennington for a very long time.
I notified them that I was going to Europe, mostly Germany and the Netherlands, in December of 2009. Bless my soul if I wasn't left stranded in Berlin with every ATM in the city denying my debit card!! I called my parents, freaking out about it, and they called the bank. What did they say? "Try more ATMs."
I tried every ATM walking three miles down Ku-damm, a pretty main street in Berlin. Every one denied me. Luckily, I met some really nice people at my youth hostel, and we went out to eat, my card worked as a credit card (approved, not denied, finally) and they paid me back in cash. I did this twice in Berlin.
I went back to Europe on a music tour in July 2010, and was only in Germany for about five days, but the same thing happened. I was prepared for it that time, and had gotten cash from an ATM in Belgium. It seems to be only German ATMs that have a problem with my card, but I didn't appreciate the lack of support from my bank the first time, when I was 17 years old and stranded in a foreign city.
Otherwise, I've had no issues using my account and am very satisfied with service from the Bank of Bennington.
Data as of Q2 2022
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| FDIC Certificate # | 30350 |
| Year Established | 1917 |
| Employees | 56 |
| Primary Regulator | OCC |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.5% |
| Return on Equity - YTD | 5.27% |
| Annual Interest Income | $7.8MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2022vs Q2 2021 | $543.5MM$529.6MM |
| Loans | Q2 2022vs Q2 2021 | $365.9MM$370.4MM |
| Deposits | Q2 2022vs Q2 2021 | $468.2MM$432.0MM |
| Equity Capital | Q2 2022vs Q2 2021 | $51.0MM$52.4MM |
| Loan Loss Allowance | Q2 2022vs Q2 2021 | $5.1MM$4.9MM |
| Unbacked Noncurrent Loans | Q2 2022vs Q2 2021 | $2.0MM$954.00K |
| Real Estate Owned | Q2 2022vs Q2 2021 | $0$0 |