Many banks have a long history. Northfield Savings Bank has something even more powerful. From the day of our founding in 1867 and continuing to today, a constant and resilient thread of meeting and supporting Vermonters in the moment has defined us. This powerful legacy fuels our actions shapes our character and separates us from other banks and credit unions.
Today, Northfield Savings Bank is equipped, stable, and focused on earning trust through the capable, sincere, and compassionate delivery of banking and financial services. Our past is not a token of what once was; it is a potent reminder that the timeless values of Northfield Savings Bank are alive and well—flourishing in the 21st century.
We are proud to be the largest bank headquartered in Vermont with 13 branches serving 30,000 consumer and commercial customers. We are also one of Vermont’s few remaining mutual savings banks, owned by our depositors, not shareholders, and offering investment services through Northfield Investment Services.
The character of our bank has always lived in the strength, commitment, and genuine caring of our people. We are united under a culture that strives every day to strengthen our communities by providing customer-focused, responsive financial services for Vermonters, local businesses, and community organizations. It's an approach to doing business that shows not only in the fact that we are one of the most active lenders in Central Vermont and Chittenden County with $70 million in residential mortgage financing and $93 million in commercial financing, but also in that we have a long-standing commitment to donate 10% of our earnings to Vermont non-profits.
From our very start over 150 years ago, giving back to Vermont communities has been an integral part of our values. Every year, we pay a "community dividend" through our commitment to donate 10% of our annual earnings to local non-profit organizations.
In 2018, Northfield Savings Bank contributed more than $600,000 to more than 200 non-profit organizations in Vermont. And we are proud of the fact that in 2015, Northfield Savings Bank was awarded an outstanding rating by the FDIC on our community reinvestment efforts. Additionally, employees dedicated more than 5,300 personal volunteer hours in 2018 to organizations within the following areas of need:
You, our customers, are an important part of our team—simply by banking with us you are helping make Vermont a better place to live and work.
To request a donation from our community giving program, please review our donation guidelines and application.
View our Annual Report to the Community for more information about our donations and community involvement.