Welcome to your daily briefing on finance developments in Vermont. Today we're covering 4 key stories including updates on vermont finance headlines. Let's dive in.
4 stories
FDIC data cited by Vermont Credit Unions shows the number of U.S. commercial banks and savings institutions fell from 8,680 in 2006 to 5,670 by end of 2017, an average loss of about 274 institutions per year via mergers and acquisitions.
For Vermont finance professionals, this consolidation trend signals a shifting competitive landscape and potential changes in local banking access and services.
The Vermont District Office of the U.S. Small Business Administration provides services to businesses across all of Vermont.
Finance professionals in Vermont can direct clients to this office for SBA resources, lending programs, and support.
NorthCountry Federal Credit Union in VT announces its commercial lending team can help businesses navigate SBA loans and lines of credit, with applications available online.
For Vermont finance professionals, this provides a local resource to support business clients seeking government-backed financing options.
The University of Toledo's law library provides an A to Z list of financial regulators, including a dedicated page for Vermont.
Vermont finance professionals can use this curated list to quickly locate official regulatory contacts and resources within the state.
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