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NBT reports 2Q 2020 net income of $24.7 million

Tue, 07/28/2020 - 9:05am -- tim

Vermont Business Magazine NBT Bancorp Inc (NASDAQ: NBTB) on Monday reported net income and diluted earnings per share for both the three and six months ended June 30, 2020. Net income for the three months ended June 30, 2020 was $24.7 million, or $0.56 per diluted common share. NBT Bank has branches in Northwestern Vermont. Net income was up $14.3 million from the previous quarter primarily due to lower loan loss provision and lower noninterest expense and down $5.8 million from the second quarter of 2019 primarily due to higher provision for loan losses related to the deterioration of economic conditions caused by the COVID-19 pandemic. Excluding real estate repositioning charges of $0.7 million, net income and earnings per diluted share were $25.2 million and $0.57, respectively.

State grants for economic recovery available but deadlines loom

Tue, 07/28/2020 - 8:46am -- tim

ACEDC Applications for Economic Recovery Grants for Vermont small businesses are still being accepted and funds remain available. If you are a business with at least one non-owner W-2 employee that suffered a 50% or greater loss in any one month period, and you meet other eligibility criteria, you should apply. Deadlines for some grant programs are fast approaching.

Leahy slams 'failed' McConnell/Trump COVID-19 proposal

Tue, 07/28/2020 - 8:24am -- tim

Senator Patrick Leahy (D-Vermont) MONDAY, July 27, 2020 Since Democrats united around the Heroes Act, and it passed the House on May 15, President Trump and Republican Leadership opted for a “wait-and-see” approach, because they did not feel a “sense of urgency.” Well they waited, and the American people have seen the results of their delay. In that time, confirmed cases in the United States have more than doubled and 56,000 more Americans are now dead.

Online health learning tool connects Vermonters during pandemic

Tue, 07/28/2020 - 7:26am -- tim

Vermont Business Magazine OneCare Vermont has partnered with statewide health organizations to launch an online learning system for Vermonters and health care providers. Vermont Health Learn (VTHL) was developed in collaboration with the Vermont Department of Health and the Vermont Blueprint for Health within the Department of Vermont Health Access.

Pediatricians call on schools to prioritize in-person attendance for P-5 for students with special needs

Tue, 07/28/2020 - 6:59am -- tim

Vermont Business Magazine Schools in Vermont support the academic, social and developmental needs of children, help address food insecurity, and provide mental health services. The American Academy of Pediatrics Vermont Chapter said in a statement that in weighing the health risks of reopening schools in fall 2020 against the educational and developmental risks of limiting in-person instruction, school districts should prioritize full-time, in person attendance for all students preschool through grade 5 and students of all ages with special needs.

McClaughry: Really affordable health care

Tue, 07/28/2020 - 5:35am -- tim

by John McClaughry In this election season almost every candidate is promising to deliver “more affordable health care!” Most of them are at least subconsciously thinking  “I’ll support legislation to have the government compel somebody else to pay more of your health care costs. That ‘somebody else’ includes, variously, the taxpayers, your employer, others in your insurance pool, and the providers themselves.”

VNA & Hospice of the Southwest Region wins Gold Award

Tue, 07/28/2020 - 3:41am -- tim

Vermont Business Magazine In its 30th Annual Lamplighter Awards, The New England Society for Healthcare Communications (NESHCo) honored the VNA & Hospice of the Southwest Region with a gold award for its work in healthcare marketing. The Lamplighters were established to showcase and honor excellence in healthcare communications throughout the New England region. The 2020 competition totaled 282 entries which were judged by other healthcare marketing societies across the country.

VDH COVID-19 Update: Mask mandate coming Saturday, cases still low

Mon, 07/27/2020 - 5:04pm -- tim

Vermont Business Magazine Any time it’s not possible to keep a 6-foot distance from others who are not part of your household, the Vermont law requires you wear a facial covering beginning August 1. This includes both indoor and outdoor public spaces and group living settings (for example, long-term care facilities, nursing homes, apartment and condo complexes). Governor Scott had been leaving it up to Vermonters to "do the right thing" and where a mask in these situations, but as cases around the nation surged in July, he is now mandating mask wearing starting on Saturday. As of today, the Vermont Department of Health is reporting two cases of COVID-19 for a statewide total of 1,402, which is the fewest cases in any state.

'Suspicious' fire destroys Newport building

Mon, 07/27/2020 - 4:49pm -- tim

Vermont State Police On July, 24, 2020 at approximately 11:40 pm, Newport Center Fire Department responded to 156 Niles Road, Newport Center, for a report of a structure fire. Upon arrival, firefighters encountered a fully involved structure fire in the two story building. The building is a single family home with attached garage, but has been unoccupied for several years.

Ledyard Financial reports record earnings

Mon, 07/27/2020 - 3:37pm -- tim

Vermont Business Magazine Ledyard Financial Group, Inc (ticker symbol LFGP), the holding company for Ledyard National Bank with a branch in Vermont, announced today record quarterly earnings for the second quarter and year-to-date 2020. Net income for the quarter ended June 30, 2020, was $1,637,173 or $0.52 per share compared to $1,563,045 or $0.50 per share for the same period in 2019, an increase of $74,128 or 4.7%. Net income for the six months ended June 30, 2020, was $3,258,112 or $1.03 per share compared to $2,870,804 or $0.91 per share for the same period in 2019, an increase of $387,308 or 13.5%. 

Escaped prisoner found just outside DOC work camp

Mon, 07/27/2020 - 3:22pm -- tim

Vermont State Police At approximately 7 am this morning Department of Corrections staff located escaped prisoner, Shannon Edwards, outside the perimeter fence of the St Johnsbury DOC work camp. Edwards was reportedly injured and dehydrated. He has been transported to a local hospital for medical attention and is in custody. No further details are available at this time. The Vermont State Police Bureau of Criminal Investigation continues to investigate the circumstances surrounding this incident. Anyone with information is encouraged to contact the Vermont State Police.

VSAC opens ‘Zoom rooms’ for adult learners

Mon, 07/27/2020 - 3:17pm -- tim

Vermont Business Magazine Mark your calendars for Tuesdays at 10 a.m. for free interactive webinars to help Vermonters looking for training and certificate programs – and how to get financial aid. Beginning Tuesday, Auguset 4, Vermont Student Assistance Corp. will host weekly informational sessions via its popular “Zoom room” format, guiding participants through the financial aid process, choosing training and certificate programs for their interests – and more.