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As the first mutual bank to open in decades, Walden Mutual Bank is gearing up to support New England’s farmers, food service industry and sustainable food community. submitted its application to the FDIC at the end of August with the intent to serve New England’s local and sustainable food community with a bank owned by its depositors.
The concept was new, and growth was projected to be robust, albeit not off the charts. The FDIC required the bank to raise $20 million in capital, a tidy sum back in the 1990’s when banks got started with less than half as much. Primary Bank in NewHampshire, started last year, raised around $27 million.
We’re delighted to bring our Northern Vermont and NewHampshirecommunities a simple, yet powerful way to grow your money. Please be advised that certain investment products, including but not limited to IRAs and 401(k)s, are not insured by the FDIC and carry the risk of potential loss of value.
Together, we can turn the complex world of investing into an opportunity that’s accessible and rewarding for everyone in our Vermont and NewHampshirecommunities. The Union Bank mobile app provides an investment tool for the masses!
Union Bank’s long history in the community is the reason our Vermont and NewHampshire clients put their trust in us. Choose the investment advisors that are recognized by the people who live in your community. Contact our team today to discuss your financial hopes and goals!
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