Case Study

Stable and Steady:

Stable and Steady:

Pages 3 Pages

abrigo.com Tourism, a burgeoning local food movement and college students are at the heart of the economy of Middlebury, Vermont, an economy the National Bank of Middlebury has served since 1831, making this $350 million community bank in rural west central Vermont one of the nation’s oldest financial institutions. As simple and unchanging as you might expect life to be in Vermont’s Addison County, so too the local economy is “very stable, neither high growth nor deep recessions,” noted Middlebury’s Senior Vice President and Chief Credit Officer Sarah Cowan, who has been with the bank since 1992. And as rooted and steady as the local economy, so too the bank’s loan portfolio is an uncomplicated blend of mainly first mortgages and home equity lines complemented by

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