Lower interest rates and shifting investor sentiment could make 2026 more active for commercial real estate, though experts warn of multifamily market saturation, slowing industrial development and weakening employment conditions.
Liberty Bank has promoted Jeremy Miller as its first-ever COO, after the bank grew from $5B to $8.7B in assets since 2019. Miller helped turn around mortgage operations.
Middletown-based Liberty Bank has notified state regulators that it intends to close six of its 59 Connecticut branches, including two in Greater Hartford.
As the COVID-19 pandemic recedes, Connecticut’s largest mutual bank is pursuing a commercial loan incursion into Hartford and the surrounding region.
Following two of the largest mergers and acquisitions Connecticut’s banking industry has ever seen, the chasm between larger lenders and community banks has widened even further.