Jane Brosnan, Liberty Bank Statewide <\/p>\n
7:10 p.m. EDT, June 25, 2013 <\/p>\n
The merger became effective at the close of business on June 21. Shareholders of Southern Connecticut Bancorp, Inc. approved the merger on May 15 and will receive $3.76 in cash for each share of Southern Connecticut Bancorp common stock that they own. <\/p>\n
\"Liberty Bank has experienced extraordinary growth in the past few years throughout its branch service network and added 10 offices through de novo branching and acquisitions. This merger will allow us to expand our presence in New Haven County,\" said Howard. <\/p>\n
Former locations of The Bank of Southern Connecticut in New Haven, Amity and Branford will now operate as branch offices of Liberty Bank. The Bank of Southern Connecticut's North Haven location has closed permanently and customers will now be served at Liberty's existing North Haven branch at 174 Washington Ave. <\/p>\n
Established in 1825, Liberty Bank is Connecticut's oldest mutual bank, with more than $3.5 billion in assets and 47 banking offices throughout the central, eastern, and shoreline areas of the state. As a full-service financial institution, Liberty offers consumer and commercial banking, home mortgages, insurance, and investment services. Liberty maintains a longstanding commitment to superior personal service and an outstanding record of community involvement. <\/p>\n
<\/p>\n
Here is the original post: <\/p>\n
READER SUBMITTED: Liberty Bank Completes Acquisition<\/a><\/p>\n","protected":false},"excerpt":{"rendered":" Jane Brosnan, Liberty Bank Statewide 7:10 p.m. EDT, June 25, 2013 The merger became effective at the close of business on June 21. Shareholders of Southern Connecticut Bancorp, Inc Continue reading