Mar 6, 2024

Liberty Bank and Its Foundation Awarded a Record-Breaking $2.85 Million in Grants and Sponsorships in 2023

David W. Glidden, President and CEO of Middletown-based Liberty Bank and President of the Liberty Bank Foundation, announced today that the Bank and its Foundation awarded a record-breaking $2.85 million in grants and corporate sponsorships in 2023, plus over $760,000 in Community Reinvestment Act (CRA) giving.  

  • Liberty Bank committed over $1.4 million to hundreds of community organizations and sponsorships that benefited numerous events, nonprofits and causes that are vital to the communities served by the Bank. This includes partnerships in Connecticut and Massachusetts with the American Cancer Society, YMCAs, Boys and Girls Clubs, youth sports and professional teams, local theaters, and many more, along with a focus on continuing to sponsor nonprofits and events that advance the areas Diversity, Equity and Inclusion. 
  • Liberty Bank Foundation approved over $1.45 million in grants, investing in programs and services that assist thousands of lower-to-moderate income children and families, focusing on the areas of education and training, affordable housing, and food security.  
  • In addition, 13,722 volunteer hours were logged by Liberty Bank teammates in 2023 to help 422 organizations they’re passionate about, surpassing last year’s total and reaching an 83% teammate participation rate. This also included a bank-wide Build-A-Bike volunteer activity on World Kindness Day – November 13, 2023 – where nearly 700 teammates signed up to build 88 brand new bicycles that were then donated to the Boys and Girls Club of Hartford. To encourage volunteerism, Liberty Bank offers four paid community involvement days a year for each teammate to volunteer. 
  • Liberty Bank teammates raised just over $300,000 during the Bank’s annual fundraising campaign in 2023 for the Middlesex United Way. The team exceeded their fundraising goal by $50,000. This donation includes funds raised through individual pledging, special events, Dress Down Days and the Liberty Bank Foundation. 

“Investing in our communities through meaningful and impactful partnerships and volunteerism embodies our brand promise to Be Community Kind, said David W. Glidden. “In 2023, our remarkable, record-setting results – including our community support – were made possible because of our dedicated teammates, Board of Directors and other partners, and by working toward a shared mission to improve the lives of our customers, teammates and communities for generations to come. I am proud of all our achievements last year, which enabled us to keep fulfilling the philosophy and commitment of what it means to be a community bank.” 

For more information on Liberty Bank’s ongoing commitment to helping their communities meet its most urgent needs, read their latest Community Impact Report that is released annually every July.   

About Liberty Bank

Established in 1825, Liberty Bank is the oldest and largest independent mutual bank in the country. With $7.5 billion in assets, Liberty has 56 banking offices across Connecticut and two 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, 2022 and 2023 Best-In-State Bank in Connecticut by Forbes Magazine. 

About Liberty Bank Foundation

Since its inception in 1997, Liberty Bank Foundation has awarded over $18 million in grants to nonprofit organizations throughout Liberty Bank’s market area.  Following the Bank’s ‘Be Community Kind’ spirit, the Foundation seeks to improve the lives of individuals and families by investing in three key areas:  Education & Training, Affordable Housing, and Food.