August 2019 by John A.
DO NOT DO BUSINESS WITH THIS BANK COMPLETE SCAM We made the dire mistake of doing our mortgage through them. We were going to buy a property and fix it up and resell it. They got me to invest over $30,000 of my own personal funds into sub diving a property and making it actually worth $90,000 , so that they could issue two mortgages on it instead of just one. The Vice CEO of this place made a deal with me and signed off on the loan. After the closing was done. I own and operate a web development business we needed to raise money to launch a new invention. So the vice ceo offered me a deal so that I could raise that money. However, the second that the closing was done. It was discovered that there was thousands of more dollars worth of work to be done, and the bank knew that and did not disclose it. Even the banks own closing attorney told me that he knew that the bank knew this and did not disclose it to me. Than they try to pass it off like I walked into a bank and applied for a home mortgage, when the reality is the Vice President (Bob Cowie) of the bank offered to give me the funds to do what I needed to do to fix up the property so I could resell it and make the funds I needed to upgrade our business. You should see how bad this bank lies to the court under Oath. I don't know how they can live with themselves lying under oath. At this time we are preparing paperwork for a major lawsuit against them. We've given them many chances to do the right thing. However, the bank is willing to spend $50,000 in attorney fees to avoid making it right and get people to believe their lies, and try to pass off so much crap that they must have to pay people to believe it because there is not an ounce of honesty within anyone at this bank. Especially the upper management. This is a perfect example of what predatory lending is, and they might be able to get away with in Vermont because they have enough money to pay off the right people in the state. Well guess what gig is up because I am talking with the Securities and exchange commission, the Leauge of credit unions and everyone who wants to listen at this point. So they can either make the situation right and give me my money. I thought I was doing a solid by maintaining a good relationship with a bank and one time I thought they were friends. However, soon as it came time to do a large deal, they got me to spend all my money on a property. Than failed to provide a construction loan that was also promised so we could fix it up and resell it. This place is a complete scam and I will spend the rest of my life trying to either get my money and/or shut this place down.
