Liberty Bank is headquartered in MIDDLETOWN and is the 2nd largest bank in the state of Connecticut. It is also the 187th largest bank in the nation. It was established in 1825 and as of March of 2025, it had grown to 850 employees at 54 locations. Liberty Bank's money market rates are 8X the national average, and it boasts an A+ health rating.
After 60 Years..I Say STAY AWAY From This Bank
Liberty Bank contacted ME (again they contacted ME) that there might be some fraudulent charges on our debit card. We checked and there were totaling about $160. One was for a raffle for cookware another from a gym membership and another for a VPN account. The next day we went to the bank and cancelled the card and got a replacement. They bank could not do anything with the transactions at the time because they were "Pending" We left the next day for vacation and returned a week later and went to the bank to fill out the fraudulent claim paperwork. Approximately 10 days later we received letters saying they were valid transactions. We then called Liberty and they said they would send us the docs involved in them calling valid transactions. Never got them. Called again and basically told them "why would come to bank the next day, cancel my card, get a new one, then the same day we get back from vacation go to the bank to fill out paperwork. For my health? So Liberty Bank is relying on some fraudulent data they got instead of an life long customer. Unfortunately Liberty is the only bank in my town and if there was one called Joe's Bank or Not safe Bank I would pull my accounts in a minute. All the good this bank fid for me over the past 50 years went away when they believe some fraudulent person and not a life long customer. Stay Away if you want to keep your money safe.
Don't Apply For A Mortgage/HELOC Here!
I had a disqualifying factor (size of first mortgage) that was discussed on initial call. Proceeded, pulled credit (negative implications), sold my information, spammed me with marketing emails then denied (without sending a notice). Had to call and find out, my rep was "on vacation". Bank with a local loan shark, you will get better treatment.
Hidden Fees And Gotchas
This bank is just like the big banks. They will look for any excuse to charge you fees. Particularly the famous monthly fee for paper statements.
Hey Liberty Bank, if your intention was to charge me fees for paper statements, I certainly wish you would have let me know when I opened them.
Congratulations Liberty, you are just as sleazy as the Wells Fargos of the banking world. Maybe you should merge with them
Data as of Q1 2025
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| FDIC Certificate # | 17943 |
| Year Established | 1825 |
| Employees | 850 |
| Primary Regulator | FDIC |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | -0.16% |
| Return on Equity - YTD | -1.22% |
| Annual Interest Income | $96.4MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q1 2025vs Q1 2024 | $8.18B$7.67B |
| Loans | Q1 2025vs Q1 2024 | $6.14B$5.67B |
| Deposits | Q1 2025vs Q1 2024 | $6.71B$6.12B |
| Equity Capital | Q1 2025vs Q1 2024 | $1.08B$1.04B |
| Loan Loss Allowance | Q1 2025vs Q1 2024 | $74.3MM$81.5MM |
| Unbacked Noncurrent Loans | Q1 2025vs Q1 2024 | $33.6MM$63.7MM |
| Real Estate Owned | Q1 2025vs Q1 2024 | $0$0 |
