At Liberty Bank, we go way back. But we never stop moving forward.
We were first chartered in 1825. That means we know what it takes to achieve lasting success. Good to know, if you want a bank you can count on in the long run!
As a mutual bank, Liberty has proudly dedicated itself for nearly two centuries to superior personal service and unparalleled community involvement. We’re about Main Street, not Wall Street.
Today, Liberty Bank has over $4 billion in assets and a strong record of financial performance. We serve more than 190,000 customers with locations across central, eastern and shoreline areas of Connecticut.
We started small. But our vision was anything but.
Samuel Southmayd’s pharmacy on the corner of Main and Williams Streets in Middletown. That’s where it all started. And where we still are today. At Liberty Bank, what makes us different is that even though we’ve grown and expanded, those blocks where we do business are still in Connecticut.
We take a real “interest” in our customers: The Sheffield story.
In 1844, Frederick Sheffield, a young merchant from Old Saybrook, rode his horse to Middletown to deposit $8. Six months later, he made an additional deposit of $18. In 1994, Sheffield's relatives decided to close the account. It had been maintained over the years, handed down through the generations, and had grown through compounding interest to more than $32,000. At the time it was the oldest individually owned savings account in America.
At Liberty Bank, we still see ourselves as a local bank serving our own communities. We are always looking for ways to improve our relationships and strengthen our business and community ties. Here a few examples of products, services and community commitment that we at Liberty Bank are particularly proud of:
2000: Introduced online banking and a low fixed-interest credit card. Launched our Good Neighbor mortgage program for low- and moderate-income families and individuals.
2001: Introduced our Community Diversity Award. Recognized with an "outstanding" rating for community reinvestment. Merged with Hometown Bank, and added four new locations.
2002: Our assets topped $2 billion. We funded more than $1 billion in loans. Liberty Bank Foundation’s total grants surpassed the $2 million mark.
2003: Broke ground on our first-ever affordable housing complex, Uncas Condominiums, in Norwich.
2005: Introduced BreakFree, a suite of market-leading products, including the state’s first checking account to offer rebates of other banks' ATM surcharges.
2007: The Liberty Bank Foundation celebrated its tenth anniversary, commemorating over $4.6 million in grant making.
2008: Introduced Quarter Back® Checking, a product that pays 25 cents back on every non-PIN-based debit card transaction of $25 or more.
2009: Liberty Bank expanded its shoreline network with a Niantic Express branch offering the convenience of banking before heading to the beach!
2010: We opened our 37th branch on Farmington Avenue, Berlin and our 38th branch in Plainville. We also merged with Connecticut River Community Bank and added locations in Wethersfield, Glastonbury, and West Hartford.
2011: The trend continued with the opening of locations in Meriden and Newington.
2011: Liberty Bank established a Facebook presence to let our customers make a statement. Make yours today.
2012: We won an Affordable Housing Achievement Award from NeighborWorks New Horizons, and were recognized nationally by the ABA for our work with Habitat for Humanity. Our community service commitment is always ongoing.
2012: We are now Connecticut’s third largest bank and still growing while remaining an integral part of the greater Connecticut community.
2012: We opened an office dedicated to home lending in Meriden and a 44th branch location in New Britain. Look for these new branches near you.
2012: Customers can now open and fund accounts on our website without ever setting foot in a branch. While we’re always glad to see our customers, we understand that time is a thing of value too. Online banking makes our customers’ lives easier.
2012: We introduced a very low rate HELOC. Competitve rates and low rates are our specialty.
2012: We introduced advanced technology ATMs, which accept deposits without an envelope or ticket at all locations. Another great time saver from Liberty Bank.
2012: We won our first Top Workplace award from the Hartford Courant and Fox61.
2013: We launched Mobile Banking for our customers on the go. We also merged with Bank of Southern Connecticut, adding locations in New Haven, Amity and Branford; and built a new location in Bristol..
2013: We opened our 48th and 49th new-from-the-ground-up branches in Bristol and Southington.
2013: Liberty Bank was one of six banks nationwide recognized by the American Bankers Association for our commitment to the communities we serve. We also won our second Top Workplace award.
And the most current Current Events:
Adding to our Mobile Banking services, Liberty Bank launched Mobile Check Deposit in February. Also in February, we expanded our social media presence to include Twitter.
Going for a "Three-Peat", once again Liberty Bank won a Top Workplace award from the Hartford Courant and Fox61.
We closed out the year strong by adding another full service location in Hamden, CT.
2015: A brand-new mortgage platform allows customers to securely upload docs (less paper!), and to keep tabs on the process in real time.
2015: It was four in a row with this year’s Fox 61/Hartford Courant Top Workplace award. For the first time, we also took home Top Workplace honors in the New Haven area.
2015: We introduced new microchip technology for debit cards that makes it difficult for cards to be duplicated or transactions to be intercepted.
2016: In January, we merged with Naugatuck Valley Savings and Loan which extended our footprint into Fairfield County and increased our branch locations to 56 in CT.