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Vermont Business Magazine Bank of Burlington has received a Certificate of Insurance Certificate of Authority from the Federal Deposit Insurance Corporation (FDIC) and the State of Vermont Department of Financial Regulation effective August 2, 2022. Bank of Burlington is the newest Vermont chartered bank since 1989.
“We are thrilled to announce the opening of Bank of Burlington. Chittenden County needs and deserves a local bank,” said Jeffrey Heslink, CEO/Chairman. “Bank of Burlington brings responsive, high-service community banking back to Vermonters.” This is banking like it used to be – you know your business where you know your banker and without the hassle of big regional/national banks. Technology and a new way of thinking around payment structures will drive community banking forward.
The main news
- Bank of Burlington is the first state of Vermont banking charter since 1989.
- Bank of Burlington serves small to medium-sized businesses in Vermont
- Bank of Burlington provides growth capital to this important sector of the Vermont economy.
- 96% of investors are individuals who live locally in Vermont or are part of a Vermont-based business.
- This is local capital funding for local businesses.
Bank of Burlington offers customized lending solutions for Vermont businesses and a full range of deposit products/services for individuals and businesses. Burlington Bank is a community bank that looks to the future; Both in the use of technology and in differentiating products.
“We’re starting with a clean slate; it’s allowing us to think differently about community banking, focus on technology and take a fresh look at the bank’s fee structure,” said Philip Smith, chief credit officer. Bank will reimburse expenses.”
Bank of Burlington is committed to serving Vermont businesses and being a contributing part of the community. Located at 30 Kimball Street in South Burlington, the experienced Burlington Bank team looks forward to welcoming the public in the coming weeks. Currently, the bank is starting a soft opening to test processes and technologies. Interested parties can join the waiting list at www.bankofburlington.com or follow the LinkedIn page for updates on grand opening plans.
BURLINGTON, VT – August 2, 2022 – Bank of Burlington
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