Sponsorships, Grant Awards & Volunteerism Once Again Reach Record Levels

David W. Glidden, President and CEO of Middletown-based Liberty Bank and President of the Liberty Bank Foundation, announced today the Bank and its charitable foundation achieved another record year - $4.8 million – when comes to corporate sponsorships and grant awards and teammate volunteerism.

• Liberty Bank invested approximately $2.7 million in corporate sponsorships, donations and other initiatives to more than 400 community organizations in Connecticut and Massachusetts. This includes their strong and ongoing community partnerships with the American Cancer Society, YMCAs, Boys and Girls Clubs, cultural and arts groups, business and industry organizations and professional sports teams. 
• Liberty Bank Foundation awarded 141 grants totaling nearly $2.1 million, investing in programs and services that assist thousands of lower-to-moderate income children and families in areas of education and training, affordable housing, and food security. This was Liberty’s highest dollar amount awarded in a single year. Among the highlights in 2024 was the Foundation’s 21st Annual Thanksgiving Food Drive with local Rotary Clubs and the Community Foundation of Middlesex County that raised $728,712 for Thanksgiving meals and food pantries. The Foundation also made its largest ever single grant when it awarded $1 million to support for the Middlesex YMCA’s All Together Better Capital Campaign.
• Liberty Bank teammates logged 15,928 hours in volunteerism in 2024 with 631 organizations. 100% of Liberty teammates participated in some kind of community volunteer activity in 2024.
• Liberty Bank invested $15.5 million in the development of various affordable housing projects, solar energy projects, and provided capacity building to several Community Development Financial Institutions; $46.8 million in lending to a variety of affordable housing developments; 313 community outreach activities covering various aspects of financial education; and 90 Academy of Small Business classes for first-time entrepreneurs.
• Liberty Bank completed its 3-year Community Reinvestment Act (CRA) examination conducted by the Federal Deposit Insurance Corporation (FDIC). Liberty was awarded an overall rating of “Outstanding” acknowledging that the Bank has an outstanding record of helping to meet the credit needs of its assessment area, including low-and moderate-income neighborhoods.

“Our ‘Be Community Kind’ tagline is more than just our marketing brand. It’s the highest standard we set for ourselves when it comes to improving lives in our communities for generations to come,” said David W. Glidden. “This year marks Liberty Bank’s 200^th Birthday and what better way to kick off this historic year than announcing our most recent record-breaking results in corporate and charitable giving, volunteerism and investments in community development.”

For more information on Liberty Bank’s ongoing commitment to the community, read our latest Community Impact Report.   

About Liberty Bank

Established in 1825, Liberty Bank is the oldest and largest independent mutual bank in the country. With over $8.0 billion in assets, Liberty has 56 banking offices across Connecticut and two in Massachusetts. As a full-service financial institution, Liberty offers consumer and commercial banking, cash management, home mortgages, business loans, insurance and investment services. Named ‘Top Workplace’ by the Hartford Courant every year since 2012 and designated a 2021, 2022 and 2023 Best-In-State Bank in Connecticut by Forbes Magazine. For more information on Liberty Bank, visit www.liberty-bank.com.     

About Liberty Bank Foundation

Since its inception in 1997, Liberty Bank Foundation has awarded over $20 million in grants to nonprofit organizations throughout Liberty Bank’s market area.  Following the Bank’s ‘Be Community Kind’ spirit, the Foundation seeks to improve the lives of individuals and families by investing in three key areas:  Education & Training, Affordable Housing, and Food.