It’s not a great week for bank customers in Connecticut, as Liberty Bank has announced closures.
Liberty Bank is the latest financial institution to pull the plug on several of its physical locations – and it’s happening just days after trusted competitor TD Bank announced a wave of shutdowns. Liberty Bank is officially closing three of its branches in the Nutmeg State, adding to the growing trend of traditional banks stepping back from brick-and-mortar service.
The move is yet another sign of how digital banking is reshaping the industry. Liberty Bank closing Connecticut branches is becoming a big headline because, for years, it’s been a staple across the state. But according to bank officials, times are changing – and fast. A spokesperson explained that customer habits shifted significantly after the Covid-19 pandemic, with more and more people turning to mobile apps and online platforms instead of popping into a local branch. “Having experienced the ease and convenience of these digital channels, many branch customers have now favored using these channels over visiting a branch,” the bank told NBC Connecticut.
The three Connecticut locations getting axed this year are in Branford, Naugatuck, and Haddam. Specifically, the addresses are 445 W. Main St. in Branford, 1009 New Haven Rd. in Naugatuck, and 116 Bridge Rd. in Haddam. While the exact closing dates haven’t been confirmed yet, the shutdowns are expected sometime in 2025. Still, Liberty Bank says this isn’t a full retreat. The company will maintain a strong presence across Connecticut, and alternative branches are still within reasonable distance for affected customers. For example, folks in Branford can head over to New Haven or North Haven, while Naugatuck customers only have to drive across town. Haddam clients can go north to Higganum or south to Deep River for their nearest branch.
Here’s a quick breakdown of why Liberty Bank is closing these branches:
- Customer preference for digital and mobile banking has surged since Covid-19.
- Reduced foot traffic at branches makes keeping them open less viable.
- Liberty Bank is focusing on streamlining its network while still serving Connecticut well.
The announcement comes right after TD Bank announced it would shut 38 branches across 10 states, including two in Connecticut – North Branford and Torrington. TD Bank says this is part of a regular evaluation process to better align stores with customer needs. All TD closures are expected by June 5.
Check out this quick reference for TD Bank’s Connecticut closures:
| Location | Closing Date (Expected) | Notes |
|---|---|---|
| North Branford | By June 5, 2025 | Part of 38 nationwide |
| Torrington | By June 5, 2025 | Represents 4% of TD’s footprint |
This wave of closures clearly shows banks are rethinking their branch strategies as digital banking grows. Meanwhile, some banks are also planning temporary shutdowns for holidays – Bank of America and Chase will close branches on June 19 for Juneteenth, following recent Memorial Day breaks. Last year, Wells Fargo quietly closed six branches in one Connecticut city alone.
So, if you’re someone who still likes walking into your local branch, it’s probably time to check where the nearest one is and whether it’s staying open. Liberty Bank closing Connecticut branches isn’t just a headline – it’s a real shift in how Connecticut banks operate.
