Area Bank Feels Online Pressures

White River Junction — Merchants Bank, the sole remaining statewide bank in Vermont, let go 16 employees last week in a move that reflects how customers are beginning to favor online banking over visits to a local branch. Burlington-based Merchants Bank, like banks everywhere, is seeing a decline in on-site transactions at local branch offices and a corresponding rise in online and mobile banking, said Geoffrey Hesslink, president of...

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