Featured Business
Chittenden Bank
Chittenden Bank is Vermont's
largest full-service bank with assets of more than $3 billion, serving nearly
one third of all Vermont households and many of the municipalities, businesses
and non-profits in the state.
About Chittenden Bank
Chittenden Bank is Vermont's
largest full-service bank with more than 50 offices and 670 employees
throughout the state to serve its consumer, small business and corporate
business clients.
Originally chartered in 1904
as the Chittenden County Trust Company, Chittenden is proud to now count one
out of three Vermont households as customers. With assets of over $3 billion,
Chittenden serves the banking needs of many towns and cities in the state, in
addition to small businesses, for-profit and non-profit organizations,
endowment funds, and captive insurance companies.
Areas of focus for
Chittenden include commercial banking, business services, insurance services,
consumer banking, wealth management and mortgage services. Specialty financial
services include retail brokerage, automotive financing, merchant credit card
processing, captive insurance services, commercial payroll processing and the
management of retirement plans.
Vermont’s largest business
bank has been very active in lending to small businesses and has worked
extensively with the U.S. Small Business Administration (SBA) to provide
critical financial support to these small businesses. Chittenden’s activities
with the SBA has earned it the designation of "Preferred Lender" for
over 20 years, a status which allows lenders to approve SBA guaranteed loans
without the prior approval of that agency.
Chittenden has consistently
earned an "Outstanding" rating for its Community Reinvestment Act
(CRA) performance, an accomplishment achieved by only a small percentage of
banks nationwide. "Outstanding" is the top rating a bank can receive,
and it means that Chittenden has done a superior job in meeting the credit and
lending needs of local communities. As a state chartered bank with a continued,
long-term focus on the state, Chittenden takes pride in its commitment and its
service to the people, the businesses and the institutions of Vermont.
Chittenden is a subsidiary of People’s United Bank, a regional
financial services company with assets of over $21 billion operating
throughout New England.
Community Development Services
As Vermont's largest
provider of financial services, it is our desire to be a strong partner in the
communities where we live and work. Chittenden is able to offer meaningful
programs that are supportive of the many community organizations throughout the
state. Community Services at Chittenden Bank incorporates the following:
- Socially
Responsible Banking Program:
Initiating positive change in your community through your personal
deposits which are linked to targeted lending programs
- Chittenden
Bank Community Fund:
Grants targeting capital improvements, programs and community
projects
- Chittenden
Bank Scholarship Award: Helping
Vermont students achieve a college education
- Investments
in Affordable Housing: Helping
to create affordable housing options for families with low- and
moderate-incomes
- Affordable
Mortgage Products: Assisting
more low- and moderate-income Vermonters to buy their own homes
- Community
Development Activities: Support
of programs and projects that help build stronger communities
- Employee-driven
Activities: Promoting employee
volunteerism at Chittenden Bank
Commercial Services
— Business Advantage
A business relationship
that works for you.
Much more than just a checking account, Business Advantage lets you combine
your business balances – checking, savings, CDs and business loans – to earn
special benefits. Benefits that you will not find elsewhere, such as waived
setup fees, free eBanking for Business, online bill payments, and more.
Business Advantage even offers you rewards for your personal banking.
We’re here for your
business.
Any bank can offer you products and services. We’ll offer you more; we’ll offer
you a relationship. We have a dedicated staff whose main goal is to serve the
needs of businesses like yours here in Vermont and help you select the products
and services that are right for you.
The Business Advantage
Account is the premiere business relationship package in the marketplace. It
features:
- Up to 500 free business checking items per month
(additional monthly items $0.25 each)
- Free eBanking
for Business
- 10 Free Online Bill Payments/Month for Business (50¢
for each additional payment)
- QuickBooks DirectConnect service, unlimited sessions at
no charge
- Free start-up Business Advantage checks
- No charge Basic
Advantage personal checking account for Business Owners
- Premium Rates for Business Owners’ Basic Advantage
personal accounts: CDs and IRAs
- Waived Payroll and Merchant Services Setup Fees
- No Annual Fee Business
Credit Card and/or MasterCard
Debit Card
All this for only $15 per month. Best of
all, if you meet one of the following criteria, the $15 monthly fee is waived:
- Maintaining a $9,000 average monthly business deposit
balance or
- Combined $25,000 in business balances (average monthly
deposit balance and outstanding loan balance) or
- Any of the following business relationships:
— Business Services
Chittenden has become Vermont’s leading commercial bank by
helping business owners better manage their finances, their time, and their
operations—we are committed to helping businesses in Vermont succeed. We offer
products that utilize technology to improve business functions while our
specialist staff is always available to help you leverage these tools to maximum
benefit.
eBanking:
With eBanking For Business, you can do all your banking online, on your own
time. Access accounts, view check images, transfer funds, create custom
reports—you control where your money is going and when, while managing your
finances and planning for the future.
Cash
Management: We make sure your money works harder for you with a variety of
accounts. Automatically sweep cash to investment accounts so your money earns
more interest; create reports that show how to improve cash flow and earnings;
streamline bookkeeping by downloading your information directly to standard
accounting software packages.
Payroll
Services: Let us handle the hassle of keeping track of tax regulations,
deductions, changing laws, and all the other details that go along with payroll
processing. Whether you have one or one thousand employees, we can take care of
any number of deductions, automatic deposits, third party payments,
flex-benefit options and more. All you need to do is fax us your information or
take advantage of our user-friendly online service or desktop software.
Chittenden
Insurance Group: Give us your insurance needs and we will find the
solution, whether you need to cover equipment and buildings or intellectual
property. Because we’re one of the largest providers of commercial insurance in
the state, our buying power allows us to offer improved coverage from a variety
of insurance carriers at better rates.
Merchant
Processing: If you are not accepting plastic, you may be losing business.
Individuals and corporations are increasingly using credit and debit cards for all
kinds and sizes of purchases. Chittenden can supply equipment, help set up
Internet commerce, prevent fraud and ensure transactions process quickly and
accurately.
Business
MasterCard: Using a credit card for all your business transactions gives
you greater financial flexibility and simplified accounting and reporting. A
MasterCard BusinessCard from Chittenden is designed exclusively for businesses
like yours.
Wealth Management Services
Few financial institutions
provide the quality, breadth of services and personal assistance that
Chittenden does. Chartered in 1904, the bank serves personal, commercial and
institutional clients with the expertise and products they deserve.
Our professionals have the
experience and perspective to understand your financial needs and investment
goals. At the head of the team is your Chittenden advisor. Helping to guide you
with individual attention and a wealth of financial expertise, he or she is
your personal link to other Chittenden professionals and even the world’s
top-tier money managers. From your initial meeting, when you answer financial
questions to determine your investment profile, your advisor will be with you
every step of the way.
Additionally, we can help
integrate all your financial matters. We understand that your investments are
only one part of your total financial picture. In order to achieve your
long-term goals, it’s important to consider your entire situation. Your
Chittenden advisor can help you ensure that your banking solutions, trust and
estate planning, business services, insurance and other financial products all
work together to support your financial goals. In doing so, he or she can also
act as a liaison with your other advisors.
Contact Chittenden Bank Customer Service
Whether you need assistance,
have a question, or want more information about a specific product or service,
call us at 800-545-2236 (TYY
Users 1-877-318-0255).
www.chittenden.com
Personal
Resource Center
Wealth
Management Resource Center
Commercial
Resource Center
Featured Business articles are compiled from submitted information. For more information about how your business can become a Featured Business, contact our sales team at (802) 862-4109.
|
