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April 27, 2020

Liberty Bank steps up with second $100K grant round

By Michael C. Bingham

Building on an initial round of $100,000 in emergency grants for local hospitals announced earlier in April, Liberty Bank on Monday (April 27) announced an additional $100,000 in funding to support several other community organizations in their COVID-19 response.

This additional $100,000 in emergency grants through the Middletown bank’s charitable foundation will go to 13 organizations whose mission is to meet the affordable housing, food and financial relief needs of the community. 

Liberty previously dedicated $100,000 in funding to support four health-care networks and their ten member hospitals in Liberty’s service area in addressing the unmet needs and lack of critical resources available as a result of the COVID-19 pandemic. 

“It’s important that Liberty Bank remains a relied upon and untiring teammate in helping our communities succeed not only in prosperous times but be positioned to overcome daunting challenges in the most uncertain times — like the one we face today,” said David W. Glidden, president and CEO of Liberty Bank and president of the Liberty Bank Foundation, in announcing the grants.

“While we use our core competencies and services to fulfill our customers’ financial needs, we are a community bank that will continue to leverage the resources we have to stand ready and provide the funding local organizations need to effectively serve their clients. We are confident the $200,000 Liberty approved over the last couple of weeks will go a long way in our collective response to the COVID-19 pandemic.” 

In this second round, 13 organizations will receive a share of the $100,000 in unrestricted emergency grants from Liberty Bank to meet basic needs during the pandemic. The groups fall into three categories:

  • Housing and homelessness — $50,000, including $5,000 each to nine service providers including New Reach of New Haven, the Waterbury Salvation Army and Meriden’s Women & Families Center youth shelter.
  • Emergency food banks — $10,000 each to the Connecticut Food Bank, FoodShare and the Gemma E. Moran United Way/Labor Food Center (New London).
  • Connecticut United Ways COVID-19 Response Fund — $20,000 to support Connecticut families experiencing financial hardship related to COVID-19.

Established in 1825, Liberty Bank is Connecticut’s oldest bank, with $6.0 billion in assets and 60 banking offices throughout the central, eastern, western and shoreline areas of Connecticut.

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