Middletown-based Liberty Bank has received regulatory approval to open a loan production office in Boston.
Middletown-based Liberty Bank has received regulatory approval to open a loan production office in Boston, advancing its expansion into eastern Massachusetts.
The state banking commissioner on April 16 approved the bank’s application to establish the office at 60 State St., 38th Floor, with a proposed opening date of May 1.
The approval follows Liberty’s March filing and comes as the $8.9 billion-asset bank builds out its lending team in the Boston market as part of a broader geographic growth strategy.
The move builds on Liberty’s earlier push into Massachusetts, including the 2023 opening of its first full-service branch in East Longmeadow. The bank also opened a commercial loan production office there in 2021 as part of its expansion along the Interstate 91 corridor.
Loan production offices originate loans but do not accept deposits.
