Liberty Bank Launches Small Business Digital Initiative
Liberty Bank created a digital bank aimed at supporting small businesses beyond checking and savings accounts.
The company launched Owners Bank, a division of Liberty Bank, April 17.
In addition to business interest checking and savings accounts, the digital system comes with tools to help small business owners manage finances, set up savings goals, move money, and send and accept digital payments.
“Our mission since inception nearly 200 years ago has always been rooted in helping the communities we serve – especially small businesses who have specific needs that Owners Bank is uniquely designed to address,” Liberty Bank president and CEO David Glidden said.
“With the creation of this new digital bank, we are expanding our footprint to provide even more support to small business owners who are looking for a well-established innovative banking partner.”
Bank executives said each business owner will have the ability to create a personalized dashboard that consolidates multiple accounts into one place. This includes Owner Bank accounts as well as other financial institutions.
Small businesses in Connecticut, Massachusetts, Pennsylvania, and Rhode Island can now join Owners Bank.
Bank officials said the bank will be able to offer small businesses quick access to business loans and credit in the coming months.
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