In all the time from National Bank of Middlebury’s opening in 1831 to the present, there have been only 11 presidents. While much has changed, much has stayed the same. The bank encompasses, in a sense, a larger family—a community of officers, directors, tellers and customers who, utilizing the latest technology, work together to improve the quality of life for generations to come.

Bank History Timeline:

1761-1830

	1761	Town of Middlebury Vermont was chartered.
	1766	The first settlers arrived.
	1775 – 1783	American Revolution. Much of Middlebury burned to ground.
	1783	Settlers returned.
	1800	Middlebury College Founded
	1830	Middlebury becomes second largest town in Vermont

1831 – 1860

1831	Vermont General Assembly grants charter to President, Directors, and Company of the Bank of Middlebury on November 9, 1831
1845	Bank charter renewed. Bank moves from Vermont Hotel (Middlebury Inn) to its own building.
1860	Charter renewed again.

1861-1931

1861-1865	The Civil War. U.S government needs to raise money for military debts.
1863	Congress organizes National Banking System.
1865	Bank of Middlebury federally chartered as the National Bank of Middlebury.
1911	National Bank of Middlebury opens in new location at 32 Main Street on December 26.
1914 – 1919	World War I.
1915	National Bank of Middlebury adds a Savings Department.
1931	National Bank of Middlebury celebrates its 100th Anniversary on November 9.

1932-1974

1933	On March 3, 1933, President Franklin D. Roosevelt orders the closing of all banks in the nation, assuring citizens that sound banks would soon reopen. On March 15 National Bank of Middlebury was declared sound and allowed to reopen. “The bank was declared one of the most stable in the nation.”
1939 – 1945	World War II
1959	The post war years brought great expansion to the nation’s economy and Middlebury was no exception. The bank added a new wing to the Main Street office.
1967	NBM’s first drive-up facility is built on Seymour Street in Middlebury.
1972	National Bank of Middlebury automates its bookkeeping.

1975-2015

1975	NBM opens its first branch office on Route 7 South in Middlebury.
1981	Bank implements Automated Teller Machines (ATM).
1985	Middlebury National Corporation becomes a registered holding company of National Bank of Middlebury.
1991	An operations center for data processing is added.
1996	Bristol office opens.
1997	NBM completes a historic preservation renovation of the adjacent Lazarus building allowing all Middlebury operations to be located in a single location known as the Beckwith Block.
2000	Patricia Hannaford Career Center opens a ‘School Bank’ under guidance of NBM Senior Vice President of Operations Laura Adams.
2002	National Bank of Middlebury joins forces with Woodsville Guaranty Savings Bank and Community National Bank to establish Community Financial Services Group, an independent trust company, to meet financial and investment management goals.
2005	The Beckwith Block is renamed the Duclos Building, dedicated to Robert Duclos, a former President, CEO and board member of NBM who directed the renovation of the Lazarus building.
2007	Brandon office opens.
2008	Vergennes and Hinesburg offices open.

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