The History of Brattleboro Savings and Loan: A Local Legacy

Founded in 1912, Savings and Loan has been an integral part of the local community for over a century. From its humble beginnings as a small savings bank to its expansion into multiple branches throughout Vermont, this financial institution has left an indelible mark on the region’s economic landscape. However, like many other banks, it experienced both periods of growth and decline. In this blog post, we’ll take a journey through the history of Brattleboro Savings and Loan – from its early days to its eventual fall – and explore how it became one of the most prominent names in Vermont banking.

The Early History of Brattleboro Savings and Loan

In the early 1900s, Brattleboro Savings and Loan was founded with a mission to help local residents save their money. The bank’s first location was on Main Street in Brattleboro, Vermont. At that time, it had only two employees and less than $5,000 in assets.

Despite its small size, the bank quickly gained popularity among locals who saw it as a trustworthy place to keep their savings. In fact, by the end of its first year of operation, deposits had grown to over $20,000 – an impressive feat for a new financial institution.

Over the next few decades, Savings and Loan continued to expand its reach throughout Vermont. It opened additional branches in towns like Wilmington and Bellows Falls and increased its offerings beyond just basic savings accounts.

By the mid-1900s, the bank was offering services such as mortgage lending and personal loans – products that helped fuel further growth over time.

Through these efforts, Savings and Loan cemented itself as one of Vermont’s most trusted banks during this period of history. Its focus on customer service helped build lasting relationships with customers – many of whom remained loyal for years or even generations to come.

The Rise of Brattleboro Savings and Loan

As Savings and Loan grew in its early years, it continued to thrive and expand throughout the region. In the 1970s, it began offering new services such as home equity loans and other lending options to help customers achieve their financial goals.

With a strong commitment to customer service and community involvement, Savings and Loan quickly became one of the most trusted financial institutions in the area. Its reputation for personalized care helped attract new customers while retaining long-time clients.

The bank’s success during this time was also due in part to its leadership. Executives at Loan were dedicated to providing competitive rates on savings accounts while investing heavily in local projects that benefited residents.

By the 1980s, Savings and Loan had grown into a major player in Vermont’s banking industry. It continued expanding its offerings with innovative products like online banking, mobile deposits, flexible mortgage options, and more—all designed to make managing money easier than ever before.

Despite challenges over the years—such as changes in regulatory policies or economic downturns—the bank remained committed to serving both individuals and businesses alike. Today, Brattleboro Savings continues building upon its legacy by providing top-notch customer service alongside cutting-edge technology solutions that empower customers across generations.

The Fall of Brattleboro Savings and Loan

Unfortunately, Savings and Loan’s success did not last forever. As the years went by, the financial landscape began to change, with new technologies emerging and traditional banking practices falling out of favor.

One of the biggest challenges that Savings and loans faced was increased competition from larger national banks. These banks had more resources at their disposal and were able to offer customers more advanced services than a small local bank like Savings and Loan.

Additionally, changes in government regulations made it harder for smaller banks to compete on a level playing field with larger institutions. The regulatory burden became too much for many community banks like Savings and Loan to bear.

The 2008 financial crisis dealt a devastating blow to many small banks across the country. With so many people defaulting on loans or losing their homes altogether, even well-established community banks like Savings and Loan struggled to stay afloat.

Despite these challenges, however, there are still those who remember fondly the legacy of Brattleboro Savings. Its commitment to serving its local community will always be remembered as an important part of Vermont’s rich history. Read more…


Brattleboro Savings and Loan may have faced its downfall, but it has left a significant legacy in the local community. Through its dedication to serving the people of Brattleboro and surrounding areas, BS&L provided countless families with homes and helped many businesses thrive.

Despite being defunct now, the institution’s impact on Vermont’s history is undeniable. It stands as an example of how a financial institution can positively impact communities when operating with integrity and commitment.

The story of Savings and Loan serves as a reminder that even small institutions can have a big impact on people’s lives. Its legacy will continue for years to come, reminding us all of what it means to serve our community faithfully.

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