With new W Hartford branch, PeoplesBank aims to boost CT deposit market share, business loan portfolio
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M&T Bank targets 747 job cuts in CT following People s United Bank takeover
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As the COVID-19 pandemic recedes, Connecticut’s largest mutual bank is pursuing a commercial loan incursion into Hartford and the surrounding region.
While it’s the third largest Connecticut-based lender by deposits, Middletown’s Liberty Bank has not historically been a big player in the Hartford market.
In fact, it currently doesn’t have a branch in the Capital City, but it’s starting to plant its flag. The bank just opened two new loan offices in Hartford, including one in the heart of downtown, at 100 Pearl St.
Indeed, Liberty has written a greater portion of loans outside of Connecticut than is typical for banks of its size, thanks in part to a strong niche in timeshare vacation property financing.