Brattleboro Savings & Loan

What Brattleboro Savings & Loan does

Brattleboro Savings & Loan (BS&L) is a mutual savings bank founded in 1912 in Brattleboro, Vermont, serving individuals, families, small-to-medium businesses, non-profits, and municipal entities across southeastern Vermont with mortgage lending extended into New Hampshire and Massachusetts. Operated for the benefit of its depositors rather than external shareholders, the bank offers a full suite of retail and commercial products: personal and business checking/savings accounts (including a Local Rewards Checking product paying up to 3.25% APY), a broad mortgage platform (fixed-rate, HELOC, home equity, construction, tiny-home, manufactured-home, and land loans), and business lending through SBA, VEDA, and USDA guarantee programs. The bank is distinguished by its Certified B Corporation status (only the 9th U.S. bank certified), BauerFinancial Five-Star rating, and environmental commitments including 71.1% solar offset of electricity consumption.

The bank operates two physical branches (Brattleboro headquarters and Wilmington) with a service-area presence in Bondville, complemented by digital channels including iOS/Android mobile apps, an Ellie Mae-powered online mortgage application portal, and Allpoint ATM network access (55,000+ ATMs). It generates revenue primarily through net interest income from its loan portfolio ($37M originated in 2024, including $2.6M to first-time homebuyers), supplemented by deposit account fees, merchant card processing, and ancillary services such as remote deposit capture, wire transfers, and bill payment. Wealth management, trust, and estate-planning services are delivered via a partnership with Trust Company of Vermont following the departure of the bank's prior in-house wealth team. Customer acquisition is community-led: BS&L invests 10%+ of profits in local sponsorships, runs financial-literacy programs, and leverages volunteer engagement (1,475 employee volunteer hours in 2024) to drive brand affinity in a tightly defined regional market.

BS&L has approximately 55 employees with an average tenure of 9.3 years, led by President & CEO Robert Sims and SVP & CFO Donald LaFontaine. Strategic posture emphasizes stability and community reinvestment over aggressive expansion, with product innovation focused on rate-led deposit acquisition and a Summer Homebuying Special mortgage promotion rather than digital disruption. The bank has no parent company, subsidiaries, or external equity backing, reflecting its mutual charter. Operational and reputational differentiation rests on longevity (114 years), B Corp governance, sustained Bauer 5-Star ratings, and local decision-making — positioning the institution as a relationship-driven alternative to larger regional and national banks in its service area.

Name

Brattleboro Savings & Loan

Legal name

Brattleboro Savings & Loan

Website

https://brattbank.com

Company type

Private

Founded year

1912

Operating status

Operating

Headcount range

11–50 employees

Short description

Brattleboro Savings & Loan is a Certified B Corporation mutual savings bank founded in 1912, serving individuals, families, small businesses, non-profits, and municipalities in southeastern Vermont with deposits, mortgages, business lending, and digital banking through two physical branches.

Ownership category

akta.pro rank

Product category

Community Banking

NAICS

Savings Institutions and Other Depository Credit Intermediation (522180)

SIC

Savings Institutions, Not Federally Chartered (6036), Mortgage Bankers & Loan Correspondents (6162)

akta.pro primary industry

SBA/Government-Backed & Development Finance Loans (FSAKAGAI)

akta.pro secondary industries

Construction & Development (C&D) Lending — Commercial/Multifamily (FSALADAH), Large Purchase & Lifestyle Personal Loans (Unsecured Installment) (FSAKAAAG)

Keywords

• Community banking
• Residential mortgage lending
• Mutual savings bank
• Small business banking
• Deposit account services

Headquarters

HQ city

Brattleboro

HQ country

United States

HQ region

North America

Offices3 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

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

Revenue model

1. Interest Income - Mortgage Lending: Primary revenue from residential mortgage originations including purchase mortgages, refinances, home equity loans, and HELOCs. Bank offers fixed-rate saleable products, portfolio products, construction loans, and specialized financing including tiny homes and manufactured homes.
2. Commercial and Business Lending: Equipment loans, lines of credit, real estate loans, and municipal loans for business customers. Works with government guarantee programs including SBA, VEDA, and USDA.
3. Business Deposit Services: Business checking accounts (Small Business Checking with $5 monthly service fee, Commercial Checking), savings accounts, with various fee structures including per-item charges and earnings credit arrangements.
4. Consumer Deposit Services: Checking accounts with Local Rewards Checking offering up to 3.25% APY, statement savings, money market accounts, CDs with terms from 91 days to 5 years, and IRAs.
5. Business Services Fees: Merchant card processing services, ACH services, remote deposit capture, wire transfers, bill payment, and business credit cards issued through TCM Bank N.A.

Pricing tiers

Go-to-market motion1 record

Distribution channels4 records

Marketing channels7 records

Core offering

Brattleboro Savings & Loan is a mutual savings bank providing personal and business banking products including checking, savings, money market, CDs, IRAs, residential mortgages, HELOCs, home equity loans, construction loans, and business lending (equipment loans, lines of credit, real estate and municipal loans) supported by SBA, VEDA, and USDA programs. The bank also offers business merchant card processing, remote deposit capture, and investment services through Trust Company of Vermont. FDIC-insured, it serves individuals, families, and businesses in southeastern Vermont with mortgage lending extending into New Hampshire and Massachusetts.

Product overview

Brattleboro Savings & Loan is a community bank offering a comprehensive suite of banking products and services for personal, business, and mortgage customers. The bank's core offerings include personal checking and savings accounts (with Local Rewards Checking offering up to 3.25% APY), a full range of mortgage products (fixed rate mortgages, HELOCs, home equity loans, construction loans, tiny home financing, land loans, and manufactured home loans), business banking services (checking accounts, lending, merchant processing, and digital banking), and investment services through partnership with Trust Company of Vermont. The bank operates as a mutual savings bank and Certified B Corp, serving southeastern Vermont communities with digital banking capabilities including mobile apps for both personal and business customers.

Differentiator

Problem solved

Functional benefit

Products and services

• Personal Checking Accounts Checking accounts for individuals and families including Basic Checking, Relationship Checking, and Local Rewards Checking with varying interest rates, minimum balance requirements, and features. Offered to consumers in southeastern Vermont.
• Savings & Money Market Accounts Tiered savings products including Statement Savings, Money Market Accounts (0.20%-0.65% APY), Capital Access Accounts, Holiday Savings Accounts, and CDs with $1,000 minimum to open. Money market rates scale by balance from $1,000 to $50,000+.
• Certificates of Deposit (CDs) Fixed-term certificates of deposit with terms ranging from 91 days to 5 years, $500 minimum to open, with APYs from 0.05% (91-day) up to 3.25% (12-month). Includes IRA CDs.
• Local Rewards Checking High-interest personal checking account offering up to 3.25% APY (blended) on balances up to $24,999.99, with 0.20% APY on $25,000+. Requires $500 minimum to open and satisfaction of qualification requirements such as debit card usage and electronic statements.
• Fixed Rate Mortgages Fixed-rate residential mortgages offered in 15-year and 30-year terms for primary residences, second homes, and investment properties. Includes both saleable and portfolio products. Maximum conforming loan amount $832,750.
• Home Equity Line of Credit (HELOC) Revolving line of credit secured by home equity with a 4.99% APR introductory fixed rate for 12 months (no margin added to Prime), then variable. Maximum 18.00% APR, minimum 3.25% APR, $50 annual fee, 15-year draw period, 15-year repayment, combined LTV up to 89%, loan amounts $10,000-$1,000,000.
• Fixed Rate Home Equity Loans Fixed-rate home equity loans for primary residences or second homes with 1st or 2nd lien positions and terms from 5 to 20 years.
• Construction Loans Construction financing for primary residences and second homes with a maximum LTV of 80% of acquisition costs or appraised value.
• Tiny Home Financing Specialized mortgage financing for tiny homes with a minimum of 480 square feet situated on their own land, addressing a niche housing market in Vermont.
• Land Loans Fixed-rate land loans with maximum LTV of 65% with a satisfactory Perk Test or 75% with installed well and septic onsite.
• Manufactured Home Loans Mortgage loans for June 1976 or newer double or single-wide manufactured homes located on their own land, with specific eligibility requirements.
• Summer Homebuying Special Promotional mortgage offering providing $500 toward closing costs for mortgage applications submitted by June 30, 2026 and closing by September 1, 2026.
• Business Lending

Quantifiable outcome

• $37 Million in local loans in 2024, demonstrating significant community reinvestment
• +3 more outcomes

Named customers4 records

Segments4 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Three partnerships are on record, tiered core and minor.

• Trust Company of Vermont (TCV)coreStrategic or Co-development PartnerBS&L partnered with Trust Company of Vermont to offer financial advisory services to customers after former wealth management employees left to establish Park Place Financial Investors. TCV provides comprehensive investment management and fiduciary services including trust administration, financial planning, estate planning, and socially responsible investment portfolios. TCV has a local Brattleboro team and four additional offices across Vermont and New Hampshire, holding assets with Northern Trust.
• Chroma TechnologyminorOthersLocal Vermont B Corp company mentioned alongside BS&L as fellow certified B Corporations in the region.
• Scott FarmminorOthersLocal Vermont B Corp business mentioned alongside BS&L as fellow certified B Corporations in the region.

Scale indicators10 records

Recent moves7 records

Expansion highlights6 records

Broad incumbents

• M&T Bank: M&T Bank acquired People's United Bank in 2022 and operates as a major regional bank serving VT, NH, and MA. Competes directly with BS&L for mortgages and deposits in the same tri-state footprint but at significantly larger scale.
• Berkshire Bank: Berkshire Bank is a regional community bank serving Vermont, New Hampshire, Massachusetts, and New York with personal, business, and wealth services. Larger competitor operating in BS&L's lending footprint but with broader geographic and product reach.

Direct peers

• Union Bank: Union Bank is a Vermont community bank with personal banking, mortgage, and business banking services across northern and central Vermont. Comparable in community focus, Vermont footprint, and mutual-like community mission.
• Ledyard National Bank: Ledyard National Bank is a New Hampshire community bank serving the Upper Valley region (NH/VT border) with personal, business, and wealth services. Comparable to BS&L in community focus and cross-border NH/VT banking operations.
• Mascoma Bank: Mascoma Bank is a mutual savings bank serving New Hampshire and Vermont with community-focused banking, mortgage lending, and business services. Highly comparable to BS&L in mutual structure, geographic focus, and product mix.
• Passumpsic Savings Bank: Passumpsic Savings Bank is a Vermont-based mutual savings bank offering personal banking, mortgages, and business lending. Closely matches BS&L in mutual charter, community focus, and rural Vermont footprint.
• Lake Sunapee Bank: Lake Sunapee Bank is a New Hampshire community savings bank offering personal, business, and mortgage banking. Comparable to BS&L in mutual-style community focus, similar product suite, and adjacent NH/VT regional footprint.
• Community National Bank: Community National Bank is a Vermont-based community bank serving northern Vermont with personal, business, and mortgage banking products. Comparable to BS&L in community bank charter, regional Vermont focus, and full-service product mix.
• Northfield Savings Bank: Northfield Savings Bank is a Vermont-chartered savings institution providing personal banking, mortgages, and commercial lending across central and southern Vermont. Comparable mutual/community savings institution serving a similar rural Vermont market.
• Claremont Savings Bank: Claremont Savings Bank is a New Hampshire mutual savings bank serving Sullivan County with deposit, mortgage, and commercial lending products. Comparable to BS&L in mutual charter, similar size, and community reinvestment focus.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/brattbank
• YouTubeyoutube.com/@brattbank/videos
• Facebookfacebook.com/Brattbank
• Instagraminstagram.com/brattbank

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles10 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 Brattleboro Savings & Loan