Passumpsic Bank
Passumpsic Bank is a 173-year-old mutual community savings bank serving individuals, small businesses, municipalities, and nonprofits across Vermont and New Hampshire through 11 branches, a loan production office, and the Passumpsic Connect digital banking platform.
- Company typePrivate
- Founded1853
- HeadquartersSaint Johnsbury, United States
- Headcount51–100
- GTM typeB2B and B2C
- OfferingServices
What Passumpsic Bank does
Passumpsic Bank (legal name Passumpsic Savings Bank) is a mutual community savings bank founded in 1853 and headquartered in St. Johnsbury, Vermont, operating as a subsidiary of mutual holding company Passumpsic Bancorp. The bank serves individual consumers, small to medium businesses, municipal governments, and nonprofit organizations across Vermont and New Hampshire through eleven physical branch locations, a Williston loan production office, and the Passumpsic Connect digital banking platform. It holds SBA Preferred Lender status, FDIC insurance, NMLS #463952 registration, Equal Housing Lender designation, and is subject to Community Reinvestment Act compliance, anchoring its position as a regulated, deposit-funded community lender.
The bank offers a full suite of consumer and commercial financial products, including checking accounts (Kasasa Cash, Kasasa Cash Back, Kasasa Tunes, Senior Free Checking), savings accounts (Statement Savings, Money Market, HSA, Youth Statement Savings, Savers Club, Kasasa Saver), certificates of deposit, Roth and Traditional IRAs, personal loans, fixed-rate and adjustable-rate mortgages, first-time homebuyer programs, home equity loans and lines of credit, business deposit accounts (Business Checking, Small Business Checking, Business NOW, Municipal NOW, Non-Profit Checking, Non-Profit Plus Checking), commercial equipment loans, business money market accounts and CDs, SEP IRAs, and merchant services. Trust, investment, and retirement services are delivered through wholly owned subsidiary Passumpsic Financial Advisors (PFA), operating with Osaic Institutions as registered broker-dealer, while residential mortgage origination is conducted via wholly owned subsidiary Northeast Home Loan, LLC. Digital channels include iOS and Android mobile apps, online banking with bill pay and mobile deposit, digital account opening via a third-party platform, and the integrated SavvyMoney credit monitoring tool.
Revenue is generated primarily through net interest income on loans (mortgages, home equity, commercial equipment loans, business loans) and investment securities, supplemented by deposit account fees and service charges, merchant services revenue, and investment advisory and trust fees from PFA. Distribution relies on relationship-based community banking through local branches staffed by named branch managers, complemented by digital self-serve channels for account opening and day-to-day banking. Go-to-market is sales-led and locally executed, with lending decisions made in-market to reflect local property values, seasonal income patterns, and agricultural lending needs — a positioning that differentiates the bank from national competitors in the rural Vermont and New Hampshire communities it serves.
Passumpsic Bank firmographics
Firmographics- Name
- Passumpsic Bank
- Legal name
- Passumpsic Savings Bank
- Website
- https://passumpsicbank.com
- Company type
- Private
- Founded year
- 1853
- Operating status
- Operating
- Headcount range
- 51–100 employees
- Short description
- Passumpsic Bank is a 173-year-old mutual community savings bank serving individuals, small businesses, municipalities, and nonprofits across Vermont and New Hampshire through 11 branches, a loan production office, and the Passumpsic Connect digital banking platform.
- Ownership category
- akta.pro rank
Passumpsic Bank industry classification
Industry- Product category
- Community Banking
- NAICS
- Savings Institutions and Other Depository Credit Intermediation (52218), Savings Institutions and Other Depository Credit Intermediation (522180), Depository Credit Intermediation (5221)
- SIC
- Savings Institutions, Not Federally Chartered (6036)
- akta.pro primary industry
- Mutual Savings Banks & Mutual Thrifts (FSABAEAD)
- akta.pro secondary industry
- Mass-Market Consumer Deposit Banking (Checking/Savings) (FSABAAAA)
Keywords
Where Passumpsic Bank is headquartered
LocationHeadquarters
- HQ city
- Saint Johnsbury
- HQ country
- United States
- HQ region
- North America
Offices12 records
Markets served
Passumpsic Bank business model
Business model- GTM type
- B2B and B2C
- Offering type
- Services
- Cost components
- Personnel, Operations, Infrastructure, Technology or R&D, Marketing or Sales
Revenue model
- Interest Income - Lending: Primary revenue from interest earned on loans including mortgages, home equity loans/lines, commercial equipment loans, and business loans.
- Interest Income - Investment Securities: Income from investment portfolio managed by Passumpsic Financial Advisors.
- Deposit Account Fees and Service Charges: Fees from deposit account services including checking accounts, savings accounts, and CDs. Bank emphasizes competitive rates without monthly maintenance fees common at national banks.
- Investment Services Revenue: Trust and investment management services through Passumpsic Financial Advisors (PFA), offered with Osaic Institutions as registered broker-dealer. Includes financial planning, portfolio management, and retirement account services.
- Merchant Services: Payment processing and merchant services for business customers.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Monthly | Personal Banking Products |
| Subscription | Monthly | Business Banking Products |
| Freemium | Monthly | SavvyMoney Credit Monitoring |
Go-to-market motion1 record
Distribution channels5 records
Marketing channels5 records
Passumpsic Bank product offering
Product offeringCore offering
Passumpsic Bank is a mutual savings community bank offering a full suite of personal and business banking products including checking, savings, CDs, IRAs, mortgages, home equity loans, commercial loans, and merchant services. The bank serves customers through 11 physical branches across Vermont and New Hampshire and a digital banking platform called Passumpsic Connect with mobile deposit and SavvyMoney credit monitoring. Investment and trust services are provided through its subsidiary Passumpsic Financial Advisors.
Product overview
Passumpsic Bank is a community bank offering a comprehensive suite of financial products and services through both physical branches and digital channels. The core digital platform, Passumpsic Connect, provides online and mobile banking with integrated credit monitoring through SavvyMoney. The bank's product portfolio spans personal banking (checking, savings, CDs, IRAs), business banking (deposit accounts, loans, merchant services), mortgages and home equity products, and investment services through Passumpsic Financial Advisors. With 11 branches across Vermont and New Hampshire and a lending office, the bank combines traditional community banking with modern digital tools including mobile apps for iOS and Android.
Differentiator
Problem solved
Functional benefit
Products and services
- Kasasa Cash Checking
- Kasasa Cash Back Checking
- Kasasa Tunes Checking
- Senior Free Checking
- Kasasa Saver
- Statement Savings
- Money Market Savings
- Health Savings Account
- Youth Statement Savings
- Savers Club
- Fixed-Rate CDs
- Youth CDs
- Roth IRA
- Traditional IRA
- Business Checking
- Small Business Checking
- Business NOW Account
- Municipal NOW
- Non-Profit Checking
- Non-Profit Plus Checking
- Business Money Market Account
- Business CD
- SEP IRAs
- Commercial Equipment Loans
- Fixed Rate Mortgages
- Adjustable Rate Mortgages
- First-Time Homebuyer Programs
- Home Equity Lines of Credit
- Fixed-Rate Home Equity Loans
- Personal Loans
- Merchant Services
- Passumpsic Connect Digital Banking Platform
- Passumpsic Financial Advisors (PFA)
- Passumpsic Bank Mobile App
Quantifiable outcome
- SBA Preferred Lender designation indicates streamlined and positive small business lending experience
Companies that use Passumpsic Bank
Customer profileNamed customers1 record
Segments3 records
Ideal customer profiles4 records
Passumpsic Bank technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration2 records
Feature2 records
Passumpsic Bank partnerships and signals
Strategic signalScale indicators4 records
Recent moves7 records
Expansion highlights6 records
Passumpsic Bank competitors and assessment
Company assessmentRegional players
- Northeast Bank: Maine-based community bank with retail banking and loan origination offices in northern New England, serving rural markets similar to Passumpsic though operating primarily in a different state.
Direct peers
- Northfield Savings Bank: Vermont-based mutual savings bank serving central and northern Vermont communities with retail deposits, mortgages, and commercial lending—directly comparable to Passumpsic's mutual structure and rural New England footprint.
- Mascoma Bank: Mutual savings bank operating across New Hampshire and Vermont with comparable community banking model, SBA lending focus, and full personal/business deposit and lending services similar to Passumpsic.
- Union Bank: Vermont community bank operating multiple branches across central and northern Vermont with consumer and commercial deposit, lending, and digital banking offerings parallel to Passumpsic's product suite.
- Community National Bank: Vermont community bank providing deposit, mortgage, and commercial lending products to individuals and small businesses across similar Northeast Kingdom and central VT markets served by Passumpsic.
- Claremont Savings Bank: New Hampshire mutual savings bank serving western New Hampshire communities with deposit accounts, mortgages, and business banking—highly comparable in mutual charter structure and community bank approach.
- Savings Bank of Walpole: New Hampshire mutual savings bank serving southwestern New Hampshire communities with a focus on personal banking and small business lending, mirroring Passumpsic's mutual/community orientation.
- Ledyard Financial Group: New Hampshire community bank holding company offering personal and business banking, mortgages, and wealth management with a comparable relationship-driven community banking model in the Upper Valley region.
Broad incumbents
- Bar Harbor Bankshares: Public bank holding company operating community banks across northern New England (Maine and New Hampshire), offering broader deposit, lending, and wealth management services that overlap with Passumpsic's footprint but at much larger scale.
Others
- Osaic Institutions: Registered broker-dealer providing custody, clearing, and advisory infrastructure that supports Passumpsic Financial Advisors' investment services—comparable as an ecosystem enabler rather than a direct competitor.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
Passumpsic Bank social profiles
Digital presencePassumpsic Bank compliance and trust
Trust signalCompliance5 records
Passumpsic Bank financial estimates
Financial estimateRevenue estimate
Valuation estimate
Passumpsic Bank leadership team
Management profileNumber of profiles
Profiles17 records
Passumpsic Bank subsidiaries and ownership
Company hierarchySubsidiaries2 records
Passumpsic Bank funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Passumpsic Bank M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Passumpsic Bank
What does Passumpsic Bank do?
Passumpsic Bank is a mutual savings community bank offering a full suite of personal and business banking products including checking, savings, CDs, IRAs, mortgages, home equity loans, commercial loans, and merchant services. The bank serves customers through 11 physical branches across Vermont and New Hampshire and a digital banking platform called Passumpsic Connect with mobile deposit and SavvyMoney credit monitoring. Investment and trust services are provided through its subsidiary Passumpsic Financial Advisors.
Is Passumpsic Bank a public or private company?
Passumpsic Bank is a private company. It is classified as unknown and is currently operating.
When was Passumpsic Bank founded?
Passumpsic Bank was founded in 1853. It employs 51 to 100 people.
Where is Passumpsic Bank based?
Passumpsic Bank is headquartered in Saint Johnsbury, United States, in the North America region.
How does Passumpsic Bank make money?
Five revenue lines are on record. Interest Income - Lending is the primary driver. The others are interest Income - Investment Securities, deposit Account Fees and Service Charges, investment Services Revenue and merchant Services.
Who are Passumpsic Bank's main competitors?
Northeast Bank is listed as a regional player. Direct peers are Northfield Savings Bank, Mascoma Bank, Union Bank, Community National Bank, Claremont Savings Bank, Savings Bank of Walpole and Ledyard Financial Group. Bar Harbor Bankshares is listed as a broad incumbent. Osaic Institutions is listed as an others.
Does Passumpsic Bank have an API?
No public API is recorded for Passumpsic Bank.
What industry is Passumpsic Bank in?
Passumpsic Bank's product category is Community Banking. Its primary akta.pro industry code is FSABAEAD, Mutual Savings Banks & Mutual Thrifts, with a secondary code of FSABAAAA, Mass-Market Consumer Deposit Banking (Checking/Savings). Its NAICS code is 52218 and its SIC code is 6036.