Connecticut-based Liberty Bank has launched a digital bank, Owners Bank, to cater specifically to the needs of small businesses. The bank offers a range of digital tools to help small business owners manage their finances, including business interest checking and savings accounts, digital payments, a personalised dashboard that can consolidate all their bank accounts into one platform. The bank will also offer business loans and credit from mid-2023.
Facts
- Liberty Bank has launched Owners Bank, a digital bank for small businesses.
- Owners Bank offers business interest checking and savings accounts equipped with digital tools.
- Users will have access to a personalised dashboard that can consolidate all their bank accounts into one platform.
- Owners Bank will also start offering business loans and credit from mid-2023.
- The bank is currently available to small businesses in Rhode Island, Massachusetts, Connecticut, and Pennsylvania.
- Owners Bank’s CEO David Mitchell stated that the bank was created to fill a major gap in the banking industry by providing tools designed to help small business owners.
- Harry Gunsallus and Lizette Nigro were appointed as COO and CPO respectively to build digital strategies and fintech partnerships for Owners Bank.
