It Is Connecticut's Oldest Bank
May 12, 2020
Liberty Bank, based in Middletown, Connecticut, marked its 195th birthday last week. It opened its doors as The Savings Bank of Middletown on May 4, 1825.
“Now more than ever, it’s critically important that we take the time to reflect on what Liberty Bank has become over the last 195 years, what we stand for and what it means to be a Liberty employee,” said David W. Glidden, president & CEO. “As we proudly celebrate this milestone year in our organization’s history, we continue to do what our original founders intended – especially now – when they came together on that historic Wednesday exactly 195 years ago.”
Liberty Bank, which has $6 billion in assets, is the oldest bank in Connecticut, the third largest bank in the state at $6 billion in assets and one of the largest mutual banks in the country. In addition, Liberty Bank continues to operate as an independent mutual bank, owned by their customers, not shareholders.
Liberty Bank employs over 700 people throughout Connecticut and operates 60 banking branches through central, eastern, western and shoreline areas of the state.
In 2019, the Liberty Bank team dedicated over $1 million to local organizations in the communities they serve, in addition to over 11,000 hours of employee volunteerism in support of more than 320 nonprofits.