Submitted by Amanda Falcone, Liberty Bank
(July 11, 2025) — Jeffrey Culp of East Lyme has been named Deputy Chief Financial Officer at Liberty Bank. The role of Deputy CFO was created in response to Liberty’s growth in both size and complexity. With $8.4 billion in assets, Liberty Bank is evolving into a more intricate organization and undergoing an exciting transformation.
Therefore, David Glidden, Liberty Bank’s President and CEO, and Paul Young, Senior Executive Vice President and Chief Financial Officer, felt strongly that now was the right time to create the position and appoint Culp due to his banking experience, financial acumen and the leadership he has shown while at Liberty Bank.
“When Jeff joined Liberty in 2020, he brought with him broad financial knowledge, leadership qualities and a collaborative approach that we’ve relied on as we’ve grown this bank to more than $8 billion in assets,” said Liberty Bank President and CEO David W. Glidden. “That’s why he’s deservedly earned the utmost respect from his teammates, our executive leadership team and Board of Directors. I can speak for Team Liberty when I say we look forward to the talent and expertise he will bring to this new position.”
CFO Young expressed enthusiasm for the promotion of Culp into his new role. “I had worked with Jeff over a decade ago, so I was excited to be able to reunite and bring talent of his caliber to Liberty Bank,” he said. “We have doubled in asset size since that time and now lead our peer banks in most key financial metrics. Jeff has been an integral part of that success, and his ascension into this new role will provide additional opportunities for him to drive positive change as we continue to grow and transform the bank”
With more than three decades of financial experience, Culp will be responsible for the bank’s Accounting and Treasury functions. He joined Liberty Bank in 2020 as Senior Vice President and Head of Financial Planning & Analysis. Most recently, Culp served as the CFO of the bank’s Business Transformation Office.
Culp has a Bachelor of Business Administration in Accounting and an MBA in Finance from Temple University, and he earned the Chartered Global Management Accountant (CGMA) designation as the inaugural graduate of the Registered Apprenticeship for Finance Business Partners (RAP) Program. This program was the first-of its-type program led by the American Institute of CPAs and the Chartered Institute of Management Accountants. Culp is also a recent graduate of the Chief Financial Officer Program at Columbia University.
Established in 1825, Liberty Bank has fifty-four retail banking offices across Connecticut and Massachusetts. As a full-service financial institution, Liberty offers consumer and commercial banking, cash management, home mortgages, business loans, insurance and investment services. Named ‘Top Workplace’ by the Hartford Courant every year since 2012; designated a 2021, 2022 and 2023 Best-In-State Bank in Connecticut by Forbes Magazine; and received a J.D. Power Award for Best Retail Banking Customer Satisfaction in the New York Tri-State Region in 2025. For more information on Liberty Bank, visit www.liberty-bank.com.
