By MyBankTracker  Thu Jan 17, 2013

Liberty Bank Buys New Haven Community Bank

Liberty Bank, based in Middletown, Conn., entered an agreement to acquire The Bank of Southern Connecticut, based in New Haven, Conn.

The acquisition adds roughly $120 million in assets from The Bank of Southern Connecticut to Liberty Bank’s $3.5 billion in assets.

“This combination represents a strategic fit as Liberty Bank seeks to grow its banking footprint in New Haven County,” said Chandler Howard, president and CEO of Liberty Bank, in prepared remarks. “Together we will be better able to serve the personal and business needs of customers with expanded financial resources and lending capacity, while maintaining a community banking approach.”

In the Article

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