Peoples Trust Company of St. Albans provides various financial services to individuals, municipalities, commercial, and non profit customers. The company accepts checking, savings, individual retirement, and money market accounts, as well as certificates of deposit. It also offers personal loans, loans to purchase auto and recreational vehicles, and debt consolidation services; business loans, commercial real estate loans, construction loans, commercial lending, lines of credit, and business equ...
Peoples Trust Company of St. Albans provides various financial services to individuals, municipalities, commercial, and non profit customers. The company accepts checking, savings, individual retirement, and money market accounts, as well as certificates of deposit. It also offers personal loans, loans to purchase auto and recreational vehicles, and debt consolidation services; business loans, commercial real estate loans, construction loans, commercial lending, lines of credit, and business equipment and vehicle loans; and mortgage loans.
In addition, the company provides cards, direct deposit, switch kit, telephone banking, overdraft protection, trust and investment services, business consulting, ACH origination, merchant deposit capture, merchant services, and wire services, as well as safe deposit boxes and reorder checks. Further, it offers online services, such as online banking, bill pay, eDocs, and mobile/tablet banking. In addition to traditional banking services, The company offers other services, such as online and mobile banking, telephone banking, and ATM services.
Business Segments
The company operates in one business segment, which is Commercial Banking.
Commercial Banking
This segment involves providing a wide range of financial services to individuals, businesses, and organizations. These services include accepting deposits, making loans, providing credit cards, offering investment products, and facilitating various types of financial transactions. It focuses on serving the companying needs of its local community and surrounding areas. It offers a comprehensive suite of banking products and services to meet the diverse needs of its customers. These services include checking and savings accounts, certificates of deposit, mortgage and consumer loans, business loans, cash management services, and online banking.
Loans
The company offers various types of loans to its customers, including residential real estate loans, commercial real estate loans, commercial loans, agricultural real estate loans, and agricultural loans.
Investment Portfolio
The company maintains an investment portfolio consisting of various investment securities. The company's investment securities include U.S. government and federal agency securities, certificates of deposit, and other investments.
Deposits
The company's deposits consist of various types, including demand deposits, savings, NOW, money market deposits, and time deposits.
Products and Services
Loans
The company offers various types of loans, including residential real estate loans, commercial real estate loans, commercial loans, agricultural real estate loans, and agricultural loans. These loans are provided to individuals and businesses for different purposes, such as purchasing or refinancing properties, funding business operations, and supporting agricultural activities.
Mortgage Servicing
The company services mortgage loans for others, acquiring mortgage servicing rights through the purchase or origination of mortgage loans.
Geographical Markets Served
The company serves customers primarily in the St. Albans area of Vermont, as well as surrounding communities.
Government Regulations
The company complies with regulations set forth by federal agencies such as the Office of the Comptroller of the Currency (OCC) and the Federal Deposit Insurance Corporation (FDIC).
History
Peoples Trust Company of St. Albans was incorporated in 1886. The company was founded in 1886.