Alburgh Upset At Pending Closure Of Only Bank

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Some business owners and residents in the town of Alburgh are upset the only bank in town is due to close at the end of next month.

From Alburgh, the nearest bank is either in Swanton or Champlain, New York.

And until last week, townspeoplesaid the owner of the closing bank, People’s United Bank, was refusing to sell its property to another financial institution.

On Friday Alburgh resident Terry Tatro, chairman of a committee working to bring another bank to town, said People’s was now willing to sell the building to another financial institution.

The Burlington Free Press says People’s United hasn’t commented.

Tatro says two banks and a credit union have expressed some interest in moving to Alburgh.

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