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http://www.hartfordbusiness.com

Liberty Bank CEO Howard retiring

BY Gregory Seay

8/2/2018
PHOTO | Steve Laschever
PHOTO | Steve Laschever
Liberty Bank CEO and President Chandler J. Howard will retire at year-end.
Liberty Bank CEO and President Chandler J. Howard, a Connecticut banking veteran whose career spans from bank teller to serving in leadership posts in some of New England's largest and oldest banks, will retire at year-end, the Middletown community lender says.

Liberty first disclosed Howard's impending retirement in a posting to its company homepage on May 17.

His retirement means Howard will likely step down as a Class A director on the board of the Federal Reserve Bank of Boston, a slot to which he was seated earlier this year.

Howard, only among a handful of African-American bankers to achieve key Connecticut leadership slots, joined Liberty in 2007 after several career banking stops. He started as a teller in 1974 for the thrift now known as People's United Bank.

Later, he worked at other bank and non-bank institutions, including First City Fund Corp., Connecticut Innovations, Bank of America, and its New England predecessor, former Fleet Bank.

According to Liberty, Howard nearly doubled its assets during his tenure, to $4.8 billion from $2.7 billion.

He is a recipient of the Hartford Business Journal's Lifetime Achievement Award and most recently received Middlesex United Way's Leadership Award.

Liberty did not immediately respond to a request for comment from Howard about his future plans.

"On behalf of the entire board of directors, I would like to express my sincere thanks and appreciation to Chandler for all he has done to advance the Bank over the past decade," Liberty Chairman Mark Gingras said in a statement Wednesday. "His steadfast leadership has resulted in tremendous growth while also nurturing an environment of teamwork and volunteerism that is unmatched in the industry."

Gingras said Liberty's board will seat a committee who will immediately begin the search for Howard's successor.