Liberty Bank Opens New Loan Office in Springfield

Connecticut-based Liberty Bank recently opened a new loan office in Springfield, and is set to open a full-size branch in East Longmeadow “later this fall” as it chases what it believes is strong growth potential in the Western Massachusetts market.

300 Percent Growth in Three Years

New Valley Bank President and CEO Jeffrey Sullivan has guided his four-year-old institution through explosive growth, in part thanks to an early marketing boost from PPP lending and in part from embracing the Pioneer Valley’s growing cohort of highly diverse entrepreneurs.

Building a Bank from Scratch

Jeffrey Sullivan was part of a small group of long-time bankers who thought western Massachusetts needed more options for small business lending. To fix this, they decided to open Massachusetts’ first de novo bank in a decade.