Middletown-based Liberty Bank has applied to open a loan production office in Boston, expanding its push into the eastern Massachusetts market.
The bank on March 17 filed an application with state regulators to establish the office at 60 State St., on the 38th Floor. The proposed opening date is May 1.
The move follows Liberty’s recent hiring of residential loan officers in eastern Massachusetts and plans to add commercial lenders, part of a broader growth strategy that includes geographic expansion beyond Connecticut.
Loan production offices typically focus on originating loans but do not accept deposits.
Liberty Bank, with $8.9 billion in assets, is in line to become the largest bank headquartered in Connecticut once Spain-based Banco Santander completes its $12.3 billion acquisition of Stamford-based Webster Financial Corp.
