The Bank of Bennington

What The Bank of Bennington does

The Bank of Bennington is a 109-year-old mutual community bank founded in 1917 in Bennington, Vermont, operating five branches across Bennington, Arlington, Manchester, and Rutland under the Community Financial Mutual Holding Company. Its core platform delivers a full suite of retail and small-business banking products: checking, savings, money market, IRAs, and CDs on the deposit side, and mortgages, construction loans, consumer loans, home equity loans, and commercial lending on the credit side, supplemented by SBA Preferred Lender services, personal and business credit cards, and investment/insurance products distributed via a partnership with Money Concepts Capital Corp. The technology stack is a conventional community-banking platform: FDIC-insured online and mobile banking with bill pay, mobile deposit, account alerts, and a third-party Card Suite Lite debit-card management app; no proprietary AI/ML, API, or SDK layer is disclosed. Revenue is generated primarily through net interest income on a loan portfolio funded by community deposits, with secondary streams from deposit-related fees, interchange, and investment/insurance commissions. The bank serves individual consumers and small-to-mid-size local businesses, holding over $600 million in total assets, employing 60+ staff with an average tenure near 10 years, and operating under President & CEO James D. Brown, who joined as Credit Officer in 2001 and was named CEO in 2008.

Name

The Bank of Bennington

Legal name

The Bank of Bennington

Website

https://thebankofbennington.com

Company type

Private

Founded year

1917

Operating status

Operating

Headcount range

11–50 employees

Short description

The Bank of Bennington is a 109-year-old mutual community bank headquartered in Bennington, Vermont, operating five branches that serve individual consumers and small-to-mid-size local businesses with deposit accounts, mortgages, commercial and construction loans, SBA financing, and investment services.

Ownership category

akta.pro rank

Product category

Community Banking

NAICS

Depository Credit Intermediation (5221), Commercial Banking (52211), Savings Institutions and Other Depository Credit Intermediation (52218)

SIC

State Commercial Banks (6022), National Commercial Banks (6021)

akta.pro primary industry

Mass-Market Consumer Deposit Banking (Checking/Savings) (FSABAAAA)

Keywords

• Community banking services
• Personal banking products
• Commercial lending services
• Mortgage and home equity
• Deposit accounts

Headquarters

HQ city

Bennington

HQ country

United States

HQ region

North America

Offices5 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

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

Revenue model

1. Interest Income from Lending: The bank generates primary revenue through interest earned on various loan products including residential mortgages, commercial loans, construction loans, consumer loans, and home equity loans. As a community bank with over $600 million in assets, lending constitutes the core revenue driver.
2. Deposit Services and Fees: Revenue from deposit account services including checking accounts, savings accounts, money market accounts, IRAs, and Certificates of Deposit. Fee income from overdraft fees, ATM fees, wire transfers, and other account service charges.
3. Investment Services: Financial planning and investment services offered through partnership with Money Concepts Capital Corp. Revenue includes fees for 401k rollovers, IRA management, and securities transactions processed through the affiliated broker-dealer.
4. Life Insurance Products: Life insurance products and services offered through Investment Services, providing another revenue stream through product sales and ongoing service relationships.

Pricing tiers

Go-to-market motion1 record

Distribution channels5 records

Marketing channels5 records

Core offering

The Bank of Bennington is a mutual community bank that accepts deposits and originates loans. Its deposit offerings include personal and business checking, savings, money market, IRA, and Certificate of Deposit accounts. Its lending offerings include residential mortgages, construction loans, consumer loans, home equity loans, commercial loans, SBA loans, and personal and business credit cards. The bank also offers investment services and life insurance through a partnership with Money Concepts Capital Corp.

Product overview

The Bank of Bennington is a full-service mutual community bank offering a comprehensive suite of deposit, lending, and financial planning products. The core banking platform includes personal and business checking and savings accounts, Certificates of Deposit, IRAs, and credit cards. The lending portfolio encompasses mortgages, construction loans, consumer loans, home equity loans, and commercial lending services. Digital banking services are delivered through Online Banking, Mobile Banking, and the Card Suite Lite debit card control app. Investment Services and Life Insurance are offered as supplementary modules through partnership with Money Concepts Capital Corp. The bank operates four branches in Bennington, Arlington, Manchester, and Rutland, Vermont.

Differentiator

Problem solved

Functional benefit

Products and services

• Checking Accounts Personal checking accounts including no-frills everyday accounts and interest-bearing accounts for individuals and students in southern Vermont.
• Personal Savings Accounts Savings accounts including a Kids' Savers account designed to help young people learn money management.
• Certificates of Deposit (CDs)

Quantifiable outcome

• Over 1,000 housing units can be supported through the $2.5 million Building Up Bennington County partnership
• +2 more outcomes

Named customers10 records

Segments3 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.

• Vermont State Treasurer Mike Pieciak - 10% in VT ProgramcoreStrategic or Co-development Partner · 16 March 2026State Treasurer Mike Pieciak and the Bank of Bennington announced the 'Building Up Bennington County' program, a $2.5 million partnership to provide low-cost loans to homebuilders in Bennington County. The program addresses a housing shortage with the county needing over 1,000 new housing units over six years, offering borrowers up to $200,000 each for new construction or revitalization of offline units. Funding comes through Treasurer Pieciak's 10% in VT program which has invested over $130 million into new housing development across Vermont.
• Southwestern Vermont Chamber FoundationcoreGTM or Marketing Partner · 12 February 2026The Bank of Bennington committed $75,000 over three years to support a regional entrepreneurial development initiative through the Southwestern Vermont Chamber Foundation. The initiative aims to reduce barriers to business creation, improve financial literacy, and encourage local startups. Over $150,000 was already committed to the new charitable organization at launch.
• Money Concepts Capital CorpcoreStrategic or Co-development PartnerInvestment services and financial planning offered through partnership with Money Concepts Capital Corp, a FINRA member broker-dealer. Melvin T. Mills, Jr. provides investment services and financial planning at The Bank of Bennington branch, offering 401k rollovers, IRA management, and securities products through the affiliated firm.

Scale indicators11 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Passumpsic Savings Bank: Vermont-headquartered mutual savings institution serving consumers and small businesses across northern and central Vermont. Directly comparable as a long-standing Vermont mutual community bank with similar deposit and loan products.
• Community National Bank: Vermont-headquartered community bank serving individuals and small businesses with deposit, lending, and mortgage products. Directly comparable to The Bank of Bennington in mutual/community-bank positioning, full-service SMB and consumer banking, and rural-Vermont footprint.
• Northfield Savings Bank: Vermont-based mutual savings bank offering deposit, mortgage, and commercial lending products. Comparable mutual structure, Vermont footprint, and focus on consumer and small business banking in rural communities.
• Mascoma Bank: Mutual community bank operating across Vermont and New Hampshire with consumer and commercial banking. Directly comparable mutual structure, similar asset scale, and overlapping service area in southern Vermont.
• Union Bank: Vermont-based community bank offering deposit, lending, and wealth services to individuals and businesses across northern New England. Comparable community-bank model, consumer/SMB focus, and Vermont operating geography.
• Merchants Bank (Vermont): Vermont-headquartered community bank with branches across the state and into New Hampshire. Comparable in serving Vermont consumers and small businesses, with a similar full-service community-bank product suite.

Regional players

• Ledyard National Bank: New Hampshire-based community bank serving the Upper Valley region that overlaps with parts of the Bank of Bennington's market. Comparable full-service community-bank offerings and mutual-style local decision making, though primarily NH-based.
• Lake Sunapee Bank, a division of Lake Sunapee Bank Group: Mutual savings bank serving western New Hampshire and parts of Vermont with deposit, mortgage, and business banking. Comparable mutual structure and community-bank orientation, with partial geographic overlap into Vermont.
• Bar Harbor Bank & Trust: Rural New England community bank serving northern New England (Maine, New Hampshire, Vermont) with consumer and commercial banking. Comparable rural community-bank model and consumer/SMB customer base, though with broader geographic reach.

Broad incumbents

• Champlain Valley National Bank / NBT Bank: Mid-sized regional bank with significant Vermont presence providing consumer, commercial, and wealth banking. A broader incumbent competitor in the same Vermont geography, offering more product breadth and digital capability than community banks.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat5 records

Key risks5 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/the-bank-of-bennington
• Instagraminstagram.com/the_bank_of_bennington

Compliance6 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles21 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 The Bank of Bennington