Hunting for the best small business banks Vermont has to offer? You’ve picked a state that mixes pastoral charm, a fervent local-first way of life, and a surprising number of thriving small businesses. Whether it’s craft chocolate produced in a refurbished barn or a micro-roastery tucked away in the Green Mountains, Vermont’s businesses often rely on more than a handshake and goodwill—they need strong financial partners. 

The Top Small Business Banks in Vermont in 2025

From the remote corners of the Northeast Kingdom to bustling Burlington, local economies in the Green Mountain State thrive on personal relationships and community-driven values. Here are the top 9 small business banks serving Vermont for 2025:

1. North One

Not everyone can dash to a branch in between managing a busy farm stand, local café, antique shop, or weekend craft market. North One eliminates that trek altogether, offering a 100% online platform that merges invoicing, bill pay, and real-time account management. For the many Vermonters juggling multiple roles—like running a homestead while also selling organic produce online—this remote-friendly approach saves hours each week.

At its core, North One’s system features subaccounts (envelopes) that help owners earmark funds for taxes, restock inventory, or make future expansions. This clarity can be invaluable if your revenue spikes during leaf-peeping season or holiday markets and then tapers off, letting you ride out off-months without stumbling into overdraft fees. Seamless integrations with QuickBooks, Shopify, and other commerce tools further reduce the friction of daily admin chores. You can also earn up to 3.00% APY on your balance and 4% cash back at restaurants and hotels with the North One Mastercard® Small Business Debit Card—plus 1% back at gas stations—helping your money go further with every swipe.

Vermont’s geography can be rugged, and winter storms can complicate a simple errand into a half-day event. By providing everything from ACH transfers to envelope budgeting through a user-friendly interface, North One cuts out travel time and manual tasks. If digital convenience and minimal overhead matter more to you than face-to-face visits, this all-online solution aligns perfectly with the state’s creative, self-sustaining way of life.

2. Vermont Federal Credit Union

Credit unions often place the community above profit, and Vermont Federal Credit Union is no different. By funneling earnings back into member benefits—like reduced fees or improved loan terms—they aim to help owners keep overhead in check. If you’re a small distillery in the Champlain Valley or a rural wedding venue in Addison County, Vermont Federal’s member-first approach can make your banking relationship feel more supportive than transactional.

Commercial checking here typically involves lower fees than typical banks, and the credit union’s online portal supports deposit captures, bill pay, and real-time expense tracking. For expansions—maybe adding a new production line or investing in eco-friendly packaging—staff can discuss loan rates that reflect credit union values rather than quarterly shareholder returns. If the cooperative model aligns with your preference for a more community-oriented structure, Vermont Federal may fit your vision well.

Operating multiple branches in the region, Vermont Federal blends digital advances—like e-statements and automated payables—with an ingrained sense of local culture. Whether you rely on seasonal tourism in Stowe or year-round clientele in Burlington, staff know how each micro-market operates, letting them tailor lending or transaction services for your unique cycles.

3. Union Bank of Vermont & New Hampshire

Though the name signals a multi-state presence, Union Bank of Vermont & New Hampshire holds a strong legacy in Vermont, providing a network of branches and ATMs that span the region. The bank’s business checking accounts range from starter-friendly options for solopreneurs to advanced solutions for heavier-transaction outfits—like a microbrewery distributing across multiple counties. This tiered approach guarantees you only pay for the level of service you genuinely need.

Union Bank invests in digital services—remote deposit scanning, automated bill pay, real-time alerts, and more—so owners don’t waste hours on errands. But the institution also clings to local-lending roots. If you’re expanding a bed-and-breakfast or tackling a capital project, staff can walk you through region-specific financing details. Having a foot in both Vermont and New Hampshire may prove advantageous for businesses crossing state lines or pulling in clients from neighboring communities.

The bank’s approach works well for entrepreneurs wanting robust online tools without losing the human element. If you see expansions in your future—like opening a second shop near a ski resort—Union Bank’s mix of digital convenience and local advice helps smooth out potential roadblocks. By understanding the synergy between Vermont’s tourism and local demand, they can propose practical, timely solutions.

4. Community National Bank VT

The Northeast Kingdom can feel worlds away from the hustle of city centers, yet Community National Bank VT wants to bring modern banking services to each corner of the region. Checking tiers accommodate small-scale producers as well as mid-range businesses, ensuring monthly fees remain in line with your deposit volume. The staff’s local knowledge also means they can tailor advice if your operation, say, intensifies during peak foliage or winter sports season.

Community National Bank’s online portal handles deposit scanning, automated invoices, and vendor payments. That cuts down on fuel costs and time spent traveling, a boon in a region where a simple drive might traverse winding mountain roads. For bigger ventures, the bank supports expanded treasury services, letting you manage multiple accounts or user permissions from one dashboard. This combination of digital ease and personal assistance—like short-term loans to stock up before a big festival—makes daily operations more manageable.

If your enterprise thrives on neighborly connections or you’re just starting out, having bankers like the ones at Community National Bank VT genuinely champion the region’s success. They can translate into tangible benefits, from easier financing to shared referrals within the local network.

5. Northfield Savings Bank

Established in 1867, Northfield Savings Bank represents a longstanding tradition of community banking in Vermont. Yet it continually updates its offerings to keep pace with new entrepreneurs entering the fray, particularly in the craft food, artisanal goods, and tourism sectors. Business checking accounts feature multiple transaction tiers, so a small weaving studio in a rural hamlet and a busy café in Montpelier can each find a plan that fits.

Owners can rely on Northfield’s online suite—automated bill pay, e-statements, and remote deposit—to avoid repeated branch trips. If expansions or capital outlays loom, the bank’s local teams have a grasp of how each micro-region in Vermont varies, from ski resort economies to farmland-driven ones. Put simply, Northfield’s consistent, measured approach works perfectly in a place where many businesses prefer a slow-and-steady growth path over frantic scaling.

The staff here truly are neighbors invested in Vermont’s small-town culture. That dynamic can be a relief for busy entrepreneurs who’d rather skip red tape and focus on making real connections that benefit both sides—and the community.

6. Mascoma Bank

Though Mascoma Bank spans Vermont and neighboring states, it operates as a Certified B Corporation, meaning it balances profits with social and environmental commitments. For small businesses that similarly prize community welfare—like an organic farm stand or an eco-friendly startup—Mascoma’s options could align perfectly. Its business checking accounts come in varied forms, but each typically includes enough digital tools to handle daily tasks without fuss.

Remote deposit and automated payroll help owners cut overhead and keep finances organized. Meanwhile, staff are trained to look beyond routine transactions, actively discussing expansions, equipment financing, or marketing pushes that can elevate your brand. With its B Corp stance, Mascoma invests in community projects and sustainable practices, which could resonate if your enterprise aims to do more than just turn a profit. In a state where environmental stewardship often goes hand-in-hand with commercial success, that mix is a solid draw.

7. EastRise Credit Union

EastRise Credit Union is a relative newcomer, but it targets small business owners across multiple Vermont counties who want the cost savings of a cooperative model without sacrificing modern conveniences. Its accounts rarely come stuffed with hidden fees; instead, members pay minimal monthly charges that scale with transaction counts. That’s an advantage for entrepreneurs who run lean or handle seasonal peaks, like a sugarhouse that sees a revenue spike each spring.

A user-friendly online portal supports deposit capture, direct payments, and real-time expense logging. EastRise staff prioritize educational outreach—like local workshops or community Q&A sessions—so members can refine their operational strategies. This environment makes the credit union a safe bet if you prefer a place that invests in communal growth, not just your account balance. For owners seeking to keep overhead low while maintaining personal connections, EastRise merges cooperative values with the digital offerings busy Vermonters need.

8. NorthCountry Federal Credit Union

Operating in the northern reaches of Vermont, NorthCountry Federal Credit Union serves entrepreneurs who’d rather not pay steep fees or endure a big bank’s impersonal structure. By channeling profits into lower rates and improved services, the credit union can help owners direct more money back into the venture itself—like expanding a product line or bolstering marketing in the busy fall foliage season.

NorthCountry’s digital services handle the usual suspects: e-statements, automated bill pay, and deposit capture. But the credit union stands out for staff who often sit down with small business owners to talk about growth strategies or local networking. If your daily routine spans farmland chores and a side gig selling goods online, that blend of digital efficiency and hands-on assistance helps keep finances from becoming an overwhelming chore. In a state where community loyalty runs deep, NorthCountry’s approach merges personal rapport with cost-friendly solutions.

9. Berkshire Bank

Though Berkshire Bank has roots in neighboring states, it provides business checking options in Vermont that adapt to varied transaction volumes—handy if your enterprise sees sporadic surges around tourist events. For owners wanting a moderate-tier solution that’s neither too large nor too hyper-local, Berkshire Bank’s middle-ground presence can be appealing. Its staff often talk up flexible lending options, bridging expansions or short-term capital needs in ways that might not be possible with smaller banks or credit unions.

Online deposit capture, real-time alerts, and wire services simplify day-to-day tasks. Meanwhile, if you need a robust plan for a new location or a bigger truck to haul your craft goods to out-of-state markets, Berkshire’s branches offer in-person consultations. By spanning Vermont and Massachusetts, the bank can help owners bridging multiple regions or capitalizing on cross-border consumer traffic. If you need more expansive coverage while still valuing a local-lending approach, Berkshire fits that niche well.

Pick the Right Partner for Your Vermont Venture

When your focus is on shaping a sustainable business—be it a downtown café, a farm-to-table operation, or a specialized craft workshop—picking the right bank for your small business in Vermont can smooth the path toward steady growth. By zeroing in on a solution that reflects your pace—whether that’s the flexibility of an online-only approach or the human touch of a local credit union—you’ll make sure your finances stay as authentic and streamlined as the products and services you’re proud to offer.