Liberty Bank, Liberty Bank Foundation Approves Nearly $2.5 Million in Grants and Sponsorships in 2022
David W. Glidden, President and CEO of Middletown-based Liberty Bank and President of the Liberty Bank Foundation, today announced the Bank and its Foundation awarded over $2.3 million in grants and corporate sponsorships in 2022.
- The Liberty Bank Foundation approved more than $1.5 million – a record dollar amount in grants made by the Foundation – that supported thousands of low-income children and families in the areas of education, literacy, workforce development, housing, college and career readiness and food. Among the Foundation’s many highlights was their partnership with the Community Foundation of Middlesex County and 41 Rotary Clubs in hosting the 18th annual Liberty Bank Rotary Club Thanksgiving Drive, which raised $917,201.
- Liberty Bank dedicated approximately $891,691 to hundreds of community organizations and sponsorships to support events and causes important to the communities the Bank serves. This includes financial support of Boys & Girls Clubs, the arts, galas, social justice organizations, Chambers of Commerce, golf tournament fundraisers, summer concert series, American Cancer Society and more. The Bank also continued its focus on supporting Diversity, Equity & Inclusion (DE&I) related organizations.
- The Liberty Bank team logged 13,270 in volunteer hours in 2022. The level of employee volunteerism in 2022 reached levels Liberty previously achieved pre-pandemic.
- Liberty Bank employees raised a total of $290,000 during their annual fundraising campaign in 2022 for the Middlesex United Way. The Liberty team exceeded their fundraising goal by more than $40,000.
“Whether it was the Bank or the Foundation making impactful investments in community partnerships or our teammates generously by dedicating thousands of hours of their time to causes and organizations important to them, Liberty Bank once again humbly showed what it means to Be Community Kind,” said Glidden. “In 2022, we achieved great results not only from a banking perspective but also from our collective work as community ambassadors. I couldn’t be prouder of our partnership with hundreds of local organizations and my teammates’ everlasting commitment to our mission to improve the lives of our customers, teammates and communities for generations to come.”
About Liberty Bank
Established in 1825, Liberty Bank is one of the oldest and largest mutual banks in the country. With more than $7.4 billion in assets, Liberty has 56 banking offices across Connecticut and one in Massachusetts. As a full-service financial institution, Liberty offers consumer and commercial banking, cash management, home mortgages, business loans, insurance and investment services. Named ‘Top Workplace’ by the Hartford Courant every year since 2012 and designated a 2021 and 2022 Best-In-State Bank in Connecticut by Forbes Magazine, Liberty maintains a longstanding commitment to superior personal service and unparalleled community involvement. Liberty Bank. Member FDIC. Equal Housing Lender.
About the Liberty Bank Foundation
Since its inception in 1997, the Liberty Bank Foundation has awarded over $15 million in grants to nonprofit organizations throughout Liberty Bank’s market area. The Foundation seeks to improve the quality of life for people of low or moderate income by investing principally in three areas: education for economic success; affordable housing; and nonprofit capacity building.