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315 Main St. Middletown, CT 06457 CT Tel. 860-638-2922 Toll Free 888-570-0773 Fax 860-638-2969 |
Type: Private
On the web:
http://www.liberty-bank.com
Employees:
512
Employee growth: 1.2%
Mutually-owned savings bank Liberty Bank offers such deposit products as checking and savings accounts and CDs, in addition to credit cards and insurance, through about 35 offices in Connecticut. It offers investment services through an agreement with Raymond James Financial. Liberty Bank writes commercial real estate loans for apartment communities, shopping centers, and office buildings throughout the Northeast, and is also one of the nation's top timeshare lenders. However, one- to four-family mortgages, which account for approximately 45% of the bank's loan portfolio, remain its bread and butter, as do loans to local small businesses.
Key numbers for fiscal year ending December, 2007:
Sales: $166.9M
One year growth: 6.7%
Net income: $25.4M
Income growth: (2.8%)
Officers:
President and CEO: Chandler J. Howard
EVP and CFO: Thomas J. Pastorello
SVP and CIO: Barry J. Abramowitz
Competitors:
Bank of America
People's United Financial
Webster Financial
