Building Out a Dedicated Banking Solution for Smaller Players

The human identity is built upon many different elements, and yet nothing defines us better than that desire to grow on a consistent basis. This progressive approach, on our part, has already got the world to realize some huge milestones, with technology appearing as a major member of the stated group. The reason why technology enjoys such an esteemed regard is, by and large, predicated upon its skill-set, which ushered us towards a reality nobody could have ever imagined otherwise. Nevertheless, if we look up close for a second, it will become clear how the whole runner was also very much inspired from the way we applied those skills across a real world environment. The latter component was, in fact, what gave the creation a spectrum-wide presence, and consequentially, kickstarted a tech revolution. Of course, this revolution then went on to scale up the human experience through some outright unique avenues, but even after achieving such a monumental feat, technology will somehow continue to produce the goods. The same has grown more evident in recent times, and assuming one new banking development shakes out just like we envision, it will only make that trend bigger and better moving forward.

Liberty Bank, a widely-trusted financial institution headquartered in Middletown, Connecticut, has officially launched an all-new Owners Bank, which is conceived just to meet the unique needs of small business owners. To understand why this development is so important, we must address how small businesses have long struggled from a lack of banking solutions that can get them to manage invoicing, bill payment, cashflow, and other critical accounting functions. With the stated industry seemingly so focused on serving big enterprises, majority U.S.-based small businesses believe their bank doesn’t even understand their requirements, something that also plays a part in limiting the business’s growth prospects over a longer period. Fortunately enough, Owners Bank promises to switch things up by delivering at your disposal those digital apps and banking services that are all purposed around ensuring effective financial management, setting up personalized saving goals, moving money without any hassle, and more. Moving on, as most small businesses are constantly struggling to maintain optimal cash flow, the organization will try and provide them a much a faster access to business loans.

“Big banks often fall short when it comes to servicing small businesses. So, in an age when small businesses represent a large and impactful portion of our business landscape, workforce and economy, we thought it was about time there was a bank that caters specifically to their needs,” said David Mitchell, Founder & CEO of Owners Bank, a division of Liberty Bank. “This is why we created Owners Bank — to fill a major gap in the banking industry by providing tools designed to help small business owners knock out financial tasks.”

As for Liberty Bank, it is, notably enough, the oldest and largest independent mutual bank in the country. The institution, at present, has more than $7 trillion in assets, all while boasting nearly 56 offices across Connecticut and one in Massachusetts. But what granular services the bank actually brings to the table? It offers you a comprehensive brand of consumer and commercial banking, cash management, home mortgages, business loans, insurance, and investment services. Liberty’s excellence in what it does can be inferred from the fact that it has been named ‘Top Workplace’ by the Hartford Courant every year since 2012. The institution has also earned the title of Best-In-State Bank across Connecticut by Forbes Magazine,

“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. 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,” said David W. Glidden, President and CEO of Liberty Bank.