Community first for two centuries. 

Our Story

We go way back. But we never stop moving forward.

In May 1824, the Connecticut General Assembly granted a charter to the Middletown Savings Bank, which would later become Liberty Bank. It was the third bank chartered by the state of Connecticut and was among the first few mutual savings banks in the United States at that time.

In July of that year, the bank opened for business at the Samuel Southmayd pharmacy located on the corner of Main and William Streets in Middletown. Joseph Coe made the first deposit of $200.

Liberty Bank has withstood the Civil War, the Great Depression, deep recessions, changes in government, and global pandemics, among other obstacles.  Now, 200 years later, we remain owned by our customers, not outside shareholders - just as our founders would want us to be.

While the way you bank with Liberty Bank of today is far different from the wooden cupboard that held our customers' very first deposits, we are certain Samuel Southmayd and our founders had the same mission in mind that we still live each day: to improve the lives of our customers, teammates and communities for generations to come.