Killington, Pico add M&T Bank as banking partner

The resort said local ownership is intended to improve the skier experience whenever possible while committing to reinvesting all profits.

M&T Bank has been named the official banking partner of Killington Resort and Pico Mountain, marking a new relationship tied to the resorts’ independent ownership.

The partnership grew out of an introduction from Michael Ferri, one of the lead investors in the Killington Independence Group, according to the announcement. Killington was purchased from POWDR in fall 2024, and resort leaders say the change in ownership has opened the door to more locally rooted business relationships.

Mike Solimano, president and CEO of Killington Resort and Pico Mountain, said in the announcement that the match fits the resorts’ priorities, including sustainability, workplace culture and community engagement. He added that independent ownership gives the company greater flexibility to work with partners that have Vermont connections.

The announcement described M&T Bank as a financial institution with long-standing Vermont ties and a focus on supporting local businesses and communities. It also said the bank will provide financial backing as the resorts pursue long-term goals.

The resort said local ownership is intended to improve the skier experience whenever possible while committing to reinvesting all profits.

To mark the agreement, M&T Bank introduced a sweepstakes on Thursday, Oct. 15. Two winners will receive two winter 2026/27 season passes to Killington Resort and a $1,000 hospitality credit. More information, along with official rules and terms and conditions, will be posted on the social media channels of Killington Resort and M&T Bank.

Heidi Stumpff, Vermont regional president at M&T Bank, said in the announcement that Killington serves as a major Vermont attraction and an important economic engine for the area. She said the bank is backing the resort’s independent ownership transition and its continued role as a year-round destination that supports Vermont communities.