Liberty Bank Expands in Boston

0:00It's April 23rd. This is Hartford News today. Local news powered by AI. Liberty Bank from Middletown just scored regulatory approval for a new loan production office in Boston. Stay banking officials signed off on April 16th with a plan launch on May 1st at 60 State Street on the 38th floor. This $8.9 billion asset bank is ramping up its push into Eastern Massachusetts. The approval caps off their March application and ties into a bigger strategy to grow their lending squad in the Boston scene. They're eyeing more business in that hot market, without slowing down. This builds on their Massachusetts footprint. Like the full service branch, they dropped an East Long Meadow back in 2023. Before that, a commercial loan office hit there in 2021, stretching along the Interstate 91 corridor. Loan production offices like this one focus on sparking new loans but skip taking deposits altogether. It's a smart play to boost lending reach without full branch overhead. As Liberty locks in this spot, expect

1:03them to hustle harder for deals in Boston's competitive turf, keeping their expansion momentum rolling strong.