Liberty Bank

Liberty Bank is the oldest mutual savings bank, and third largest bank in Connecticut.

Established in 1825 as Middletown Savings Bank, and headquartered in Middletown, Connecticut, Liberty Bank has 50 banking offices throughout the state. Liberty Bank offers consumer and commercial banking, home mortgages, insurance, and investment services.

History

In 1844, an account was opened with a balance of $26, and left untouched for 150 years until it was finally closed in 1994, by which time it was the oldest direct descendancy savings account in the United States and had grown to over $32,000 on interest alone.

The Liberty Bank Foundation was established in 1997 to provide grants to non-profit organizations which improve the quality of life for people of low or moderate income.

In 2001, Liberty Bank merged with Hometown Bank, gaining their three offices, and added another new branch. In 2003, Liberty Bank broke ground on its first affordable housing complex: Uncas Condominiums, in Norwich, and opened another office, bringing the total number of branches to 34. In 2005, Liberty Bank introduced the state’s first checking account to offer rebates of other banks' ATM surcharges. Liberty Bank added a branch in Wethersfield in 2008, one in Niantic in 2009, and relocated its Cromwell branch in 2010.

Liberty Bank (Georgia)

The Liberty Bank (Georgian: ლიბერთი ბანკი, libert'i banki), formerly the People's Bank of Georgia (Georgian: საქართველოს სახალხო ბანკი, sak'art'velos sakhalkho banki) is private bank in Georgia, the seventh largest in the country by total assets with 3.4% market share. It has the largest network of branches in Georgia.

Acquisition

In September 2009 91.2% of its shares were acquired by Liberty Investments Holding B.V., a newly established joint venture of Georgia's former Prime Minister, Lado Gurgenidze, and Romanian tycoon Dinu Patriciu.

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