MIDDLETOWN, CT — Liberty Bank announced today that Don Klepper-Smith, Chief Economist and Director of Research with DataCore Partners LLC, will serve as Liberty Bank’s Chief Economic Advisor, partnering with Liberty to provide monthly updates on the quarterly Liberty Bank Business Barometer.
The Liberty Bank Business Barometer is DataCore’s proprietary measure of aggregate economic activity within the state and is highly correlated with real gross state product on a historical basis. It analyzes the health of the Connecticut economy in real time, in advance of official statistics. Many businesses and utilities use this barometer for planning purposes.
The Barometer is shared as part of DataCore’s monthly newsletter to media outlets and its clients, including workforce training organizations, all major Connecticut utilities, economists, academics, and private companies.
Don Klepper-Smith has been a professional economist for thirty years and served as Chairman of Connecticut Governor M. Jodi Rell’s Economic Advisory Council between 2007 and 2010. He also served as an Economic Advisor to the Governor of Connecticut during the Weicker Administration. Klepper-Smith is a long-time professional researcher, developing and directing strategic planning initiatives on behalf of clients in order to help them make better business decisions. Today, Klepper-Smith specializes in evaluating consumer markets, assessing the generators of consumer wealth, while also providing valuable perspective on business conditions as they relate to credit markets and employment growth. He has chaired numerous economic outlook conferences over the last three decades, and has served as President of both the Economic Club of Connecticut and the Hartford Area Business Economists, two organizations which explore economic issues of importance to Connecticut with a focus on business, government and education.
Established in 1825, Liberty Bank is Connecticut’s oldest bank, with nearly $5 billion in assets and 55 banking offices throughout the central, eastern, western and shoreline areas of the state. As a full-service financial institution, Liberty offers consumer and commercial banking, home mortgages, insurance, and investment services. Named as a 2018 ‘Best Bank in America’ by Forbes and “Top Workplace” by the Hartford Courant for seven consecutive years, Liberty maintains a longstanding commitment to superior personal service and unparalleled community involvement.