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Nutmeg State Federal Federal Credit Union
Distance: 7.4 MiPO Box 66
6067 Rocky Hill -
New Haven Postal Employees Federal Credit Union
Distance: 7.5 Mi24 Research Parkway
6492 Wallingford -
Hartford Firefighters Federal Credit Union
Distance: 12.6 Mi776 Maple Avenue
6114 Hartford -
East Hartford FCU
Distance: 14.2 Mi92 Pitkin St
06108-3318 East Hartford -
Connecticut Bank and Trust Company
Distance: 14.4 Mi58 State House Sq
6103 Hartford
Website Links
Description
Liberty Bank is the oldest mutual bank in the state of Connecticut and provides customers with best-in-class products, services and rates. Chartered way back in 1825, we have grown with the state, and currently serve more than 190,000 individual and business customers here.
Humble Beginnings
When Middletown Savings Bank opened in 1825, it was located in Samuel Southmayd's pharmacy on the corner of Main and William Streets in Middletown. On the first day of business, we accepted $970.75 in deposits, which were placed in the bank's vault--an oaken cupboard now in Yale University's museum collection. In 1837, we moved into a building on the corner of Main and College Streets.
Talk About Customer Retention
One of our favorite customer stories is about Frederick Sheffield, a young merchant from Old Saybrook. In 1844, Sheffield rode his horse to Middletown to deposit $8; six months later, he made an additional deposit of $18. He then moved away from the area, leaving his money on deposit. In 1994, Sheffield's descendents finally closed his account, which had grown through interest alone to more than $32,000 and was the oldest individually owned savings account in America. A descendent of Sheffield holds an account at Liberty Bank to this day.
Growth Even in Economic Turmoil
By 1852, deposits had reached the $1 million mark. The bank continued to grow, remaining a safe place for community deposits throughout the economic turmoil of the late 1800s and early 1900s. Deposits reached the $10 million mark in 1912. In 1929, on the eve of the Great Depression, we moved into our current headquarters at the corner of Main and Court Streets in Middletown.
New Name, New Locations
Following World War II, Middletown Savings Bank became Middlesex County's number-one mortgage lender (a position we retain to this day). We opened our first branch office in Portland in 1958, featuring the nation's first all-female bank staff. Six more offices followed in quick succession. In 1975, we changed our name to The Liberty Bank for Savings, and continued expansion to four additional locations.