Brattleboro Savings and Loan (BS&L) is a mutual savings bank established in 1912 in southeastern Vermont. As a mutual institution, BS&L is owned by its depositors. This structure helps to fulfill its mission of reinvesting profits into community development and the financial welfare of the community.
A Community-Minded Mission That Endures
Brattleboro Savings and Loan focuses on the communities to which it lends, ethics, development, and sustainability. They work to improve the financial wellbeing of community members, employees, and clients. As a responsible banking, BS&L is a Certified B Corporation. It earned a remarkable overall B Impact Score of 98.4 which is far above the median and excells in governance, worker wellness, and community support.
Robust Financial Health and Local Reinvestment
March 31, 2025, As of quarter-end, BS&L had assets totaling $289.6 million, deposits amounting to $257.1 million and stockholders’ equity of approximately $29.3 million. In real terms, the level of loans, especially trust and company mortgages, commercial credit suggests a strong commitment to community-funded activities. With net income of $504,000 for the quarter which was nearly triple its previous best results, it demonstrated strong returns and solid operations.
Further, financial data from the end of 2022 shows assets of $309.4 million, loans worth $188.5 million, and deposits of $282.5 million. This solid performance ensures BS&L continues to support local growth and invest in meaningful initiatives.
Honoring Heritage, Embracing Growth
Established in the early 20th century, BS&L was created by and for the region historically known as “the East End,” a diverse group of working-class immigrants who became successful businesspeople. The true community bank of southeastern Vermont, it is still the only one with a headquarters here and multiple branches reachable by the folks who fund their neighbor’s loans and deposits.
In 1994, the Springfield Savings & Loan and BS&L reunited to merge their local footprints and service networks. However, with growth the bank has remained an unlisted mutual retaining it roots as a small business lender with only local loan and deposit customers.
A Wide Range of Banking Services
BS&L has all services available for both personal and business banking. Their services facilitating banking include checking and savings accounts, money market accounts, CDs, IRAs, and issuing of Mastercard and Visa credit cards. Personal financing includes mortgage loans, home equity lines, and fixed home equity loans. Business clients also benefit from commercial lending, business checking, credit cards, payroll and merchant services, and more. In addition, they promote financial literacy through community programs and volunteer activities. This embodies BS&L’s perspective that community education provides sustainable financial futures.
A Vision of Local Trust, Modern Innovation
BS&L strikes a prudent equilibrium between tradition and technology. It values honesty and trust with customers while adopting modern digital banking innovations and tools such as mobile applications and financial calculators. Being a Benefit Corporation further cements its mission-driven, stakeholder-centric governance.
Final Thoughts
Brattleboro Savings and Loan stands out for its commitment to community banking. Over the years, Brattleboro Savings & Loan has served the community for more than a hundred years as a mutual bank and a B-nonprofit corporation, which makes them a remarkable example of responsible, community-focused banking. Brattleboro Savings and Loan supports the community in many ways, and has received recognition for its aid to small businesses, öspecially first time home buyers, as well for its educational services on finance.
FAQS
Q1: What is Brattleboro Savings & Loan?
A1: It’s a mutual savings bank based in southeastern Vermont, founded in 1912 and owned by its depositors.
Q2: Where is Brattleboro Savings & Loan located?
A2: Its headquarters is in Brattleboro, Vermont, with several branch locations in the region.
Q3: What services does Brattleboro Savings & Loan offer?
A3: They offer personal and business banking, loans, mortgages, credit cards, and financial education programs.
Q4: Is Brattleboro Savings & Loan a Certified B Corporation?
A4: Yes, it’s a Certified B Corp, meeting high standards for social and environmental performance.
Q5: Does Brattleboro Savings & Loan have online banking?
A5: Yes, they provide online and mobile banking tools for account management and transactions.
Q6: Who owns Brattleboro Savings & Loan?
A6: As a mutual bank, it’s owned by its depositors, not shareholders.
Q7: Can businesses open accounts at Brattleboro Savings & Loan?
A7: Yes, they offer business checking, savings, commercial loans, and merchant services.