Passumpsic Savings Bank
FDIC #14134
📍 Saint Johnsbury, Vermont
Passumpsic Savings Bank is a commercial bank (si) established in 02/24/1853. With assets of $862.97 Million, it operates 13 domestic branches.
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Community Reinvestment Act (CRA) Rating
Latest Exam: September 1, 2024
What is CRA? The Community Reinvestment Act (CRA) is a federal law that encourages banks to help meet the credit needs of the communities in which they operate, including low- and moderate-income neighborhoods.
Rating History
September 1, 2024
Satisfactory
July 1, 2021
Outstanding
September 1, 2018
Outstanding
💰 Financial Strength
Total Assets$862.97 Million
Total Deposits$683.85 Million
Equity Capital$97.79 Million
Net Income$2.96 Million
📈 Performance
ROA0.47%
ROE3.99%
Financial Terms:
ROA (Return on Assets): Measures profitability relative to size. 1.0%+ is good.
ROE (Return on Equity): Measures profitability for shareholders. 10%+ is strong.
ROA (Return on Assets): Measures profitability relative to size. 1.0%+ is good.
ROE (Return on Equity): Measures profitability for shareholders. 10%+ is strong.
📋 Corporate Structure
Established02/24/1853
FDIC Cert14134
Holding CoPassumpsic Bcorp
Parent CertNA - Not listed as a child of a larger bank.
Last ChangeAugust 31, 2022
Foreign Offices0
SAIF InsuredNo
State CharteredYes
🕰️ Lobby Hours
MondayOpen 24 hours
TuesdayOpen 24 hours
WednesdayOpen 24 hours
ThursdayOpen 24 hours
FridayOpen 24 hours
SaturdayOpen 24 hours
SundayOpen 24 hours
📜 Institutional History
2008
Merger / Acquisition
Acquired: The Lancaster National Bank
2006
Merger / Acquisition
Acquired: The Siwooganock Bank
2002
Merger / Acquisition
Acquired: Passumpsic Bank, Fsb
2001
Relocation
Moved HQ to: 497 Railroad Street, Saint Johnsbury, VT 05819.
1988
Relocation
Moved HQ to: 124 Railroad Street, Saint Johnsbury, VT 05819.