Liberty Bank
Middletown, Connecticut, Lower Connecticut River Valley County
$9.4B in total assets, the 176th largest of 4,309 US banks and 2nd of 27 headquartered in Connecticut.
- FDIC certificate
- 17943
- Established
- 1825
- Owned by
- Liberty Financial Corp
- Primary regulator
- FDIC
- Website
- www.liberty-bank.com
At a glance
Compared with 14 banks headquartered in Connecticut with $1 billion to $10 billion in assets, as of June 30, 2026.
| Measure | This bank | Percentile | Peer range, middle 90% | Peer median |
|---|---|---|---|---|
| Total assets | $9.4B | 98% | $1.8B | |
| Loans | $7.3B | 98% | $1.4B | |
| Deposits | $7.1B | 98% | $1.4B | |
| Return on assets | 1.23% | 86% | 0.69% | |
| Net interest margin | 3.45% | 50% | 3.40% | |
| Efficiency ratio | 75.6% | 71% | 70.9% | |
| Equity to assets | 13.09% | 79% | 10.18% | |
| Loans to deposits | 103% | 86% | 98% |
Growth
Total assets grew 5.2% a year over the last 5 years and 7.8% a year over 10 years, including 1 acquisition in the last 10 years.
Acquisitions
| Closed | Acquired bank | Assets at acquisition |
|---|---|---|
| Oct 2019 | The Simsbury Bank & Trust Company Simsbury, CT | $532M |
| Jan 2016 | Naugatuck Valley Savings and Loan Naugatuck, CT | $493M |
| Jun 2013 | The Bank of Southern Connecticut New Haven, CT | $121M |
| Dec 2010 | Connecticut River Community Bank Wethersfield, CT | $166M |
| Jun 2001 | Hometown Bank Moodus, CT | $60M |
| Nov 1997 | First New London Savings and Loan Association Incorporated New London, CT | $27M |
| Sep 1982 | Willimantic Savings and Loan Association Willimantic, CT | n/a |
Where they operate
51 branches in 6 counties.
Largest markets by deposits
| County | Deposits | Market share | Rank |
|---|---|---|---|
| Lower Connecticut River Valley County, CT | $2.9B | 47.4% | 1 of 10 |
| Capitol County, CT | $1.8B | 3.5% | 5 of 24 |
| Southeastern Connecticut County, CT | $1.0B | 15.5% | 2 of 14 |
| South Central Connecticut County, CT | $778M | 3.8% | 10 of 17 |
| Naugatuck Valley County, CT | $534M | 4.3% | 8 of 16 |
| Hampden County, MA | $80M | 0.6% | 15 of 19 |
Deposits by branch from the FDIC Summary of Deposits, June 2026. Rank among all banks with branches in that county.
Branch history since 2016
Net gain of 3 branches since 2016 (48 to 51, +6.2%). 3 opened, 13 acquired, 13 closed or sold.
| Period | What happened | Opened or acquired | Closed or sold | Net change | Branches at end |
|---|---|---|---|---|---|
| Start of 2016 | Starting point | 48 | |||
| 2016 | Acquired Naugatuck Valley Savings and LoanOpened New Haven, closed Middletown and New Haven | 9 | 2 | +7 | 55 |
| 2019 | Acquired The Simsbury Bank & Trust Company | 5 | 0 | +5 | 60 |
| 2021 | Closed 7 in Connecticut | 0 | 7 | −7 | 53 |
| 2023 | Opened East Longmeadow and Rocky HillClosed Wethersfield | 2 | 1 | +1 | 54 |
| 2025 | Closed 3 in Connecticut | 0 | 3 | −3 | 51 |
Balance sheet and earnings
Loans by type
| Type | Share | This bank | Peers |
|---|---|---|---|
| 1-4 family residential | 33% | 43% | |
| Commercial real estate | 22% | 32% | |
| Multifamily | 20% | 9% | |
| Business (C&I) | 16% | 8% | |
| Construction and land | 7% | 5% | |
| Consumer | 3% | 1% |
Deposits by type
| Type | Share | This bank | Peers |
|---|---|---|---|
| Other interest-bearing | 58% | 51% | |
| Noninterest-bearing | 25% | 23% | |
| Time deposits | 16% | 26% |
Brokered deposits are 2.5% of deposits (peers 3.6%).
Return on assets
Trailing four quarters, with the peer median.
Credit and capital
| This bank | Peer median | |
|---|---|---|
| Noncurrent loans | 0.32% | 0.49% |
| Net charge-offs, annualized | 0.18% | 0.01% |
| Reserves to loans | 1.18% | 0.98% |
| Leverage ratio | 13.37% | 11.08% |
Noncurrent loans exclude government-guaranteed portions.
Related banks
Similar size in Connecticut
Largest competitors in Lower Connecticut River Valley County, CT
Figures as of June 30, 2026 from the bank's Call Report, FDIC structure and branch data, and the Federal Reserve. Short link: bankingstats.com/banks/liberty-bank-middletown-ct