Liberty Bank


Overview / Commentary
860-638-2922
315 Main Street
Middletown, CT 06457

Liberty Bank is headquartered in Middletown and is the 4th largest bank in the state of Connecticut. It is also the 216th largest bank in the nation. It was established in 1825 and as of June of 2019, it had grown to 715 employees at 55 locations. Liberty Bank has an A+ health rating.

Related Posts

Liberty Bank (CT) Unveils 12-Month CD Special - 11/29/2018

Liberty Bank (CT) has added a 12-month CD Special (3.00% APY). Min deposit is $500 new money and is capped at $500k. Limit of one per client. In-branch only.

12-Month CD Special - 3% APY - 11/29/2018

$500 minimum $500k maximum In branch only, Connecticut

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Great bank!

Liberty Bank is a great bank. The best thing about them is that they don't charge ATM fees and also they reimburse the ATM fees of other banks. There is also no monthly fee if you go paperless. They send instructions if you have transactions with a company who has been breached and have sometimes automatically sent new debit cards in these circumstances. Their in bank customer service is most excellent. They have convenient branches and the ATMs feel like they are in safe locations. I have used them exclusively for over ten years and I have no intention of switching of changing. I don't have credit cards or loans so I can't speak to those products personally. I have never heard anything bad about them from anybody else. They did once have an employee steal but they were very open about that.

Best Small "Big" Bank Ever!

I have been a customer at Liberty Bank since I started working in my 20's. That relationship spans a time period of over 30 years. I have expanded my transactions at this bank to include checking, CD's, home equity loans, personal loans, and have included my expanded family with this institution. The services that they offer are extremely competitive with the larger banks and credit unions in the area. Their services are also all inclusive and I have never had to go outside their institution to find a service that I have needed. The tellers and loan officers are more like family than business associates. They are aware of my growing family and even provided my daughter with her first college debit/credit card with no hassle. One teller also caught an error that had a deceased relative still as an active co-signer on an account and provided the necessary information that I needed to correct the situation. They recognize me by name, ask about my family, and offer great suggestions to whatever questions or problems that I have encountered. I continually receive offers from other banks thru the mail but I just rip up the mail and continue having confidence and trust in the Liberty Bank institution. Opps, forgot, they have branches throughout the area in which I live, so add convenience to all the other complements.

Don't Bother With Online Site

Posted by: RobLee | Mar 12, 2018

Liberty had a first class online banking site and a usable mobile app. They recently went to an "improved" system that doesn't have the functionallity you expect. Fore example:
You cannot see a list of unpaid ebills. If you do pay one, the site doesn't "mark it paid" like it used to.

We expect to migrate to another bank is the old system is not put back in place.

We have been a significant customer for 30 years and it is sad to see a great bank fail so badly.

Trusted Friend

This was my first ever bank when I started working in the dinosaur age. I have never left this bank for another. I have my savings, checking, and home equity (for tuition of children) accounts housed here. The tellers and administrators are all on a first name basis with me and really care about my financial well being. I would like to say that they are willing to help with problems but there are no problems that have occurred. Interest rates on savings are competitive, check fees are non-existent, new products are introduced and explained if tellers think these products would work for my household.
Recently a teller discovered that my deceased mother's name (that happens to be the same as one of my children's name) was popping up when said child was opening an account. Promptly, we resolved the problem and I was grateful that the teller caught the error. This is a local bank with branches throughout the state but they are my bank and deserve my thanks for having full trust in this institution.

VIEW MORE REVIEWS

Health
A+

Health Grade Components

Overall
FDIC Certificate #17943
Year Established1825
Employees715
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD1.58%
Return on Equity - YTD10.72%
Annual Interest Income$100.9MM
Assets and Liabilities
AssetsQ2 2019vs Q2 2018$5.27B$4.79B
LoansQ2 2019vs Q2 2018$3.84B$3.58B
DepositsQ2 2019vs Q2 2018$3.98B$3.62B
Equity CapitalQ2 2019vs Q2 2018$780.1MM$731.3MM
Loan Loss AllowanceQ2 2019vs Q2 2018$35.7MM$34.7MM
Unbacked Noncurrent LoansQ2 2019vs Q2 2018$10.7MM$15.2MM
Real Estate OwnedQ2 2019vs Q2 2018$47.00K$292.00K
Rates

Rates for Liberty Bank are currently being reviewed.

Locations

Availability

Hartford Area

Interactive local rates map


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