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Bar News - June 15, 2012 NH Bar Foundation: IOLTA Leadership Bank Spotlight: Passumpsic Savings Bank  The New Hampshire Bar Foundation, on behalf of the NH legal community, thanks Passumpsic Savings Bank for its steadfast support of the Interest on Lawyers Trust Account program, and its participation as a Leadership Bank for the past 7 years. A Leadership Bank... Contributes to the success of the IOLTA program by offering interest rates of 2% or more on IOLTA accounts. Passumpsic Savings Bank’s Impact With the revenue earned through the IOLTA Program, Passumpsic Savings Bank helped more than 19,000 residents receive critical civil legal services in the 2011 fiscal year through NH Bar Foundation IOLTA Program grants. In the past decade, IOLTA accounts at Passumpsic Savings earned $38,939 for IOLTA.
About the Bank Passumpsic Savings Bank opened on Main Street in St. Johnsbury, Vermont in 1853 and operated as a mutual savings bank until April 1996, when it reorganized as a state-chartered stock bank. Passumpsic Savings Bank is now a stock savings bank and is a wholly owned subsidiary of Passumpsic Bancorp., a mutual holding company. Passumpsic Savings Bank, the largest independent bank in Vermont’s Northeast Kingdom, has a significant presence in New Hampshire offices in Littleton, Lancaster, Groveton, and Whitefield. In addition to its St. Johnsbury, VT headquarters, it also has ocations in Danville, Lyndonville, Island Pond and Newport, VT. You Should Know... With the formation of the bank’s Investment Management Division, Passumpsic Savings Bank is truly a full-service financial organization offering all products and services associated with the banking industry. "Passumpsic Savings Bank feels it is important to support this program at the Leadership level so that disadvantaged and vulnerable consumers have access to critical legal services." – Peter F. Crosby, CEO, Passumpsic Savings Bank. Go to www.passumpsicbank.com to learn more about our bank. Support IOLTA – Use Leadership Banks The Bar Foundation encourages lawyers participating in IOLTA to patronize Leadership Banks. |
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