Liberty Bank Provides COVID-Related Special Compensation, Additional Day Off for Retail Branch Employees this Holiday Season


by Liberty Bank | Dec 10, 2020

Liberty Bank of Middletown, Connecticut, today announced they will be rewarding their frontline retail branch teammates with a special one-time bonus, additional pay and an extra day off this holiday season for their selfless sacrifices during the COVID-19 pandemic.

“We’ve witnessed the personal and professional sacrifices of all Liberty teammates during this pandemic, particularly our retail branch teammates taking on the added risk of coming into the office every day to serve our customers,” said David W. Glidden, President & CEO of Liberty Bank. “Their work over the past nine months has been extraordinary. It’s been inspiring. And it’s been everlasting. So we need to continue to take care of our employees so they can continue to take care of our customers.”

Liberty Bank notified retail branch employees of the following:

  • All retail branch teammates will receive a one-time $1,000 bonus this month (prorated for those who started April 1, 2020 or later).
  • Non-exempt (hourly) branch employees who are required to continue to work onsite, and are working their normal weekly scheduled hours, will receive a 15% shift differential. In addition, salaried employees, non-officers and Vice Presidents who work in the branches will receive a weekly stipend of $150.00.
  • Liberty Bank is closing its branches on Saturday, December 26, 2020 to provide their retail branch employees an extra day off during the holiday weekend. Also, branch employees scheduled to work on December 26 will be paid for the hours they would have normally worked that day.

In November, Liberty Bank implemented the following measures that will remain in effect until further notice:

  • Out of abundance of caution for employees and customers, Liberty Bank transitioned to an in-branch appointment only model. All other banking transactions are handled through customer drive-up lanes at branches.
  • Retail branch employees have been allowed to appropriately dress down in their respective branch locations.

Liberty Bank also remains focused on the health and well-being of their back-office teammates. All non-customer facing, back-office employees continue to be allowed to work from home until further notice. The small percentage of employees who are required or have volunteered to return to the corporate offices benefit from thorough social distancing protocols and daily deep cleanings of their office space. Also, employees have been given access to the IT equipment and technology support they need to make working from home most productive.

“We frequently survey our employees to solicit their candid feedback on what we’re doing well, where we can improve and what their overall concerns are, especially during this pandemic. So the decisions we’ve made in recent weeks not only demonstrate how responsive and how grateful we are to all of our teammates, but it shows why we’ve earned the reputation for being a top workplace in Connecticut,” Glidden added.

About Liberty Bank

Established in 1825, Liberty Bank is Connecticut’s oldest bank, with over $6 billion in assets and 60 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 ‘Top Workplace’ by the Hartford Courant for nine consecutive years, Liberty maintains a longstanding commitment to superior personal service and unparalleled community involvement.

With Liberty Bank, you're going places. In this case, to a different website.

cancel continue

Disclaimer: Links to third party sites are provided for your convenience. These sites are not within the control of Liberty Bank and may not follow the same privacy, security, or accessibility standards as Liberty Bank. Liberty Bank does not warrant any offerings from the third party providers, nor is Liberty Bank responsible for the security, content or availability of any third party sites, or their partners.

Disclaimer: Links to third party sites are provided for your convenience. These sites are not within the control of Liberty Bank and may not follow the same privacy, security, or accessibility standards as Liberty Bank. By accessing the SmartLenders Program via the provided link, you acknowledge the SmartLenders Program is not under the control of Liberty Bank. Liberty Bank does not warrant or endorse any offerings from third party providers, nor is Liberty Bank responsible for the security, content or availability of any third party sites or their partners including SmartLenders or the lenders that may be accessed by you through your use of the SmartLenders Program (the “Lenders”). Under no circumstances will Liberty Bank be responsible for any damages arising from the transactions between you and any Lenders or for any information appearing on SmartLenders’ site. SmartLenders will provide Liberty Bank with the following information about your application: applicant name; type of company; email address; loan amount requested; and progress status toward approval and funding. Liberty Bank may use this information to monitor your experience with SmartLenders and market Liberty’s services to you.