Peoples Trust Company

What Peoples Trust Company does

Peoples Trust Company is an FDIC-insured community bank established in 1886 and headquartered in St. Albans, Vermont. It operates five physical branches across northwest Vermont — St. Albans (main office and Franklin Park West), Enosburg Falls, Georgia, and Swanton — plus an ATM-only location at Northwestern Medical Center. The bank serves individual consumers, small-to-mid-size businesses, and the broader northwest Vermont community with a relationship-based service model supported by long-tenured local lending and branch staff.

The product portfolio is organized into three lines: a Personal Banking Suite (checking accounts, savings, CDs and IRAs, personal loans, auto and recreational vehicle loans, debt consolidation loans, and personal credit cards), a Mortgage Center (purchase mortgages, refinancing, new construction loans, home renovation loans, and HELOCs), and a Business Banking Suite (business checking, money markets, commercial loans, commercial real estate loans, business lines of credit, business equipment and vehicle loans, and business credit cards). Delivery is enabled through an online banking platform, mobile apps for iOS and Android (with mobile deposit, Zelle person-to-person payments, PopMoney, eDocs, eAlerts, instant balance, and TurboTax integration), 24/7 telephone banking, and surcharge-free ATM access through the Falcon network. The underlying technology is conventional banking infrastructure rather than a proprietary platform; differentiation comes from local relationship-based service and FDIC-insured depository status, not from product architecture.

The business model is traditional community banking. Revenue is generated through net interest income on mortgage, personal, commercial real estate, and business loans combined with transaction-based fees (monthly maintenance charges, overdraft fees, debit card interchange, merchant services, and ACH origination). Customer acquisition is primarily direct-to-consumer through the branch network, digital channels, community events (e.g., the Kingman-fest sweepstakes), financial education content, and a small-business podcast series. The bank operates exclusively in Vermont with no disclosed parent company, outside investment, or multi-state expansion.

Note on data integrity: The financial table provided reports figures in a magnitude inconsistent with a sub-250-employee community bank (e.g., $17.8 trillion in 2025 revenue). These numbers appear to belong to a different entity (likely the Canadian Peoples Group) and are excluded from this analysis.

Name

Peoples Trust Company

Legal name

Peoples Trust Company

Website

https://ptcvt.com

Company type

Private

Founded year

1886

Operating status

Operating

Headcount range

101–250 employees

Short description

Peoples Trust Company is an FDIC-insured community bank founded in 1886 in St. Albans, Vermont. Operating five branches across northwest Vermont, it provides personal banking, mortgage, and commercial lending products to local consumers and small-to-mid-size businesses.

Ownership category

akta.pro rank

Product category

Community Banking

NAICS

Depository Credit Intermediation (5221)

SIC

State Commercial Banks (6022)

akta.pro primary industry

SME Deposits & Business Accounts (Operating, Savings, CDs) (FSABABAC)

Keywords

• Community banking services
• Personal banking products
• Commercial lending services
• Residential mortgage loans
• Business banking solutions

Headquarters

HQ city

Saint Albans

HQ country

United States

HQ region

North America

Offices6 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure

Revenue model

1. Interest Income from Lending: Interest earned on mortgage loans, personal loans, business loans, commercial real estate loans, and lines of credit
2. Deposit Account Fees: Monthly maintenance charges, overdraft fees, returned item fees, wire transfer fees, and ATM fees from non-network ATMs
3. Card Services: Interchange revenue from Visa debit card transactions, international transaction fees
4. Merchant Services: ACH origination, merchant deposit capture, and business banking services

Pricing tiers

Go-to-market motion2 records

Distribution channels5 records

Marketing channels7 records

Core offering

Peoples Trust Company is a Vermont-based community bank that delivers traditional personal and business banking products and services, including checking and savings accounts, CDs and IRAs, personal loans, auto loans, residential mortgages (purchase, refinance, construction, HELOC), business checking and money market accounts, commercial loans, business lines of credit, merchant services, and Visa debit cards. The bank supplements its in-branch service with an FDIC-insured digital banking platform providing online, mobile, and telephone banking, bill pay, Zelle, mobile deposit, and eDocs. Revenue is generated through interest income on loans and deposits and through transaction-based fees on deposit accounts, card services, and merchant services.

Product overview

Peoples Trust Company is a community bank headquartered in St. Albans, Vermont offering a unified suite of traditional banking products and services. The portfolio consists of a Personal Banking Suite (checking, savings, CDs/IRAs, personal loans, auto loans, credit cards), a Mortgage Center (purchase mortgages, refinances, construction loans, HELOCs), and a Business Banking Suite (business checking, money markets, commercial loans, business credit cards). These core products are augmented by an Online and Mobile Banking platform providing digital access, bill pay, Zelle transfers, and TurboTax integration, plus a Visa Debit Card for card-based transactions. Peoples Trust Company does not offer a technology platform with modular components; it is a single-product-line community bank whose offerings are differentiated by customer segment (personal vs. business) rather than by platform architecture.

Differentiator

Problem solved

Functional benefit

Brands

• Peoples Trust Company Mobile App: Mobile banking application for consumers
• Peoples Trust Company Business

Products and services

• Personal Banking Suite Traditional personal banking bundle for individual consumers including checking accounts, savings accounts, CDs and IRAs, personal loans, auto and recreational vehicle loans, debt consolidation loans, and personal credit cards, delivered through branch, online, and mobile channels.
• Mortgage Center
• Business Banking Suite
• Online and Mobile Banking
• Visa Debit Card
• Additional Banking Services

Quantifiable outcome

• Serving Vermont communities since 1886 with ongoing community investment and local decision-making

Segments4 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration3 records

Feature3 records

Partnerships

Two partnerships are on record, tiered core.

• MeshcoreStrategic or Co-development Partner · 1 October 2025Mesh and Peoples Trust Company formed a strategic collaboration in October 2025 to introduce AI-powered corporate expense management solutions to Canadian organizations. The partnership leverages Peoples' payments infrastructure and Mesh's platform for unified, compliant, scalable corporate payment management.
• Peoples Group (Parent of Peoples Trust Company)coreOthers · 1 February 2024Finix partnered with Peoples Trust Company, part of Peoples Group, to expand into Canada in February 2024. This partnership enables direct card network integrations for Canadian businesses through Finix's payment processing platform.

Scale indicators3 records

Recent moves6 records

Expansion highlights5 records

Broad incumbents

• Berkshire Hills Bancorp: Larger New England regional bank offering full commercial, retail, and wealth services across multiple states; a broader incumbent competing for similar SMB and consumer customers in adjacent geographies.
• Tompkins Community Bank (Tompkins Financial): Mid-size community bank in the Northeast U.S. providing personal, business, and commercial lending products that overlap with Peoples Trust's core offerings, though at substantially larger scale.

Direct peers

• Mascoma Bank: Mutual community bank operating across Vermont and New Hampshire with personal/business banking and commercial lending, directly comparable in regional focus, product set, and relationship-based GTM.
• Ledyard National Bank: New Hampshire community bank offering personal, business, and wealth management services with relationship-driven lending, closely mirroring Peoples Trust's model in the adjacent Upper Valley/Dartmouth region.
• Passumpsic Savings Bank: Vermont-chartered mutual savings bank serving the Northeast Kingdom with personal/business banking, mortgages, and commercial lending directly overlapping Peoples Trust's Vermont community-banking niche.
• Community Bank, N.A. Multi-state community bank franchise offering deposit, mortgage, and small-business banking with a relationship-led model similar to Peoples Trust's community banking approach, though at substantially larger geographic scale.
• Northfield Savings Bank: Vermont-based mutual savings institution offering personal/business banking, mortgages, and consumer lending throughout central and northern Vermont with comparable community-bank positioning.
• Bar Harbor Bankshares (Camden National Bank): New England community bank holding company providing deposit, lending, and wealth services across Maine and northern New England, comparable in regional banking model and product breadth.
• Union Bank (Vermont): Vermont-based community bank providing personal and business banking, mortgages, and wealth services across northern Vermont markets directly overlapping Peoples Trust's geographic footprint.

Regional players

• Green Mountain Credit Union: Vermont-based member-owned credit union serving personal and small-business customers in northwest Vermont with deposit and loan products directly comparable to Peoples Trust's consumer/SMB banking.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat5 records

Key risks5 records

Key highlights6 records

Customer concentration

• Xx.com/ptc1886
• YouTubeyoutube.com/playlist?list=UUuFtLwhvW5W_0--Xi859jkg
• Facebookfacebook.com/ptcvt
• LinkedInlinkedin.com/company/peoples-trust-company
• Instagraminstagram.com/peoplestrustcompany

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles13 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Peoples Trust Company