Newsletter

Spring 2010

In this issue:

Consumers and the New Credit Card Act: On Monday, February 22, new consumer protections set forth in the Credit Card Act went into effect ...

Is the U.S. Economy Emerging from Recession?: The U.S. economy expanded in the forth quarter 2009 with an increase in the gross domestic product (GDP) at a 5.7% annual rate. This was the fastest pace in six years...

and more...
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Fall 2009

In this issue:

Testimonial Campaign: At Passumpsic Savings Bank, we realize that satisfied customers are among our greatest assets. This year, we are sharing some of the positive customer experiences with our community in our latest advertising campaign. In the words of some of our customers...

Community Mortgage Lenders Answer our Customers’ Questions : With the uncertainty of the past several months, our community mortgage lenders have been hearing the same questions over and over from concerned customers and customers-to-be. They determined that if these were the questions ...

and more...
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Spring 2009

In this issue:

A Light at the End of the Tunnel: The financial markets entered into a downturn starting back in October 2007. It is now 2009, and the light at the end of the tunnel for an up market seems to be getting perpetually further away as the economic recession continues. Investors are asking if it is time to give up, turn tail and run, or hope for a market recovery soon...

Dressing Down to Support Local Food Shelves : During our December Casual Dress Down Day charity event, over $1,250 was raised bank-wide by employees, along with matching funds from the Bank, and distributed to nine food shelves in the Northeast Kingdom of Vermont and Northern New Hampshire...

and more...
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Fall 2008

In this issue:

Deposit Checks Electronically from your Desktop : NEW! Merchant Deposit Advantage
Does your business: have multiple locations; make deposits after normal banking
hours; pay transportation costs to deliver deposits to the bank; receive checks with large dollar amounts? If you answered yes to any of the above questions, then Merchant Deposit
Advantage may benefit your company...

Energy Efficiency Loan Program : To help our customers achieve long term savings on energy costs, we’re offering a loan to finance sustainable energy improvements for home or business. Our knowledgeable staff is well-versed in all the options available.assistance. ...

and more...
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Winter/Spring 2008

In this issue:

Business Customers Receive Patriot Express Loans : In 2007, the Small Business Administration (SBA) introduced the Patriot Express pilot loan in an effort to help the military community start their own businesses or improve existing businesses. Passumpsic Savings Bank offers the loan program...

Turning up the Heat : Representatives from Central Vermont Public Service Shareheat program of Vermont and Tri-County Community Action Keep Your Neighbor Warm program in New Hampshire accept donations from Passumpsic Savings Bank for emergency home heating assistance. ...

and more...
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Summer 2007

In this issue:

Treasury Report: Direct Deposit Safer Than Checks : The U.S. Treasury Department has released a survey showing that large numbers of consumers mistakenly believe that paper checks are safer than direct deposit when, in fact, the opposite is true. The survey was sponsored by the U.S. Department of the Treasury’s Financial Management Service on behalf of its Go Direct campaign, which encourages people who receive Social Security and other federal benefits by paper check to protect themselves from financial crimes by switching to direct deposit...

Relay For Life : More than 30 Passumpsic Savings Bank staff members, family, and friends par- ticipated in the Caledonia County and Orleans County Relay for Life events in June. Between the two PSB teams, over $7,200 was raised by individual team members, bank-wide internal fundraising efforts, and on-site at the relay event...

and more...
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Holiday 2006

In this issue:

Siwooganock Bank Merges with Passumpsic Savings Bank: As a result of this merger, customers of both institutions will experience an even greater level of service and convenience. Passumpsic Savings Bank now offers new offices in Lancaster and Groveton, New Hampshire, expanding our network to 11 full-service branches in northern Vermont and New Hampshire...

Get Your Bank Statements the Easy Way with eStatements: Would you like to eliminate paper and clutter? Would you like to access your statement the day after it is cut? Sign up for eStatements today and you’ll receive electronic versions of your eligible checking and savings accounts through Passkeybanker, our internet banking service...

and more...
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Winter 2006

In this issue:

Ten Tips for Organizing Your Finances: 1. Order a copy of your credit report. Start off the New Year by reviewing your credit history for mistakes or signs of identity theft ... 2. Pay yourself first. Determine in advance how much money you plan to keep a month....

Diamond Hill Store: Four years ago Tom Beattie and John Dauteuil undertook a major renovation of a historic building in Danville. With hard work and very creative personalities, Diamond Hill Store was born....

and more...
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Summer 2005

In this issue:

What's the point? One of the most frequently asked questions when shopping for a mortgage rate is “what’s the point.” Most lenders offer a 0 point, 1 point, and even a 2 point rate. The point equals 1% of the loan amount....

Pharming: Beware of the Latest Cyber Scam: There is always a new internet scam to be wary of. Now, the cyber thieves have upped the ante with a scam called “pharming.” Pharming sends you to a phony site without your knowledge...

and more...
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