How to Invest Local: Step One
The tradition of neighbors investing in neighbors dates back to the 1800s in Vermont. Mutual savings banks, some of which have operated in Vermont for over 150 years, are still in operation today. They not only invest in their communities by making personal and business loans to local citizens and companies, but also by donating a percentage of profits and volunteer hours to local nonprofits.
This VPR commentary shares the history and benefits of mutual savings banks in Vermont. It underscores that the easiest way to invest in Vermont is by being intentional about where you bank.