Liberty Bank launches Owners Bank for small businesses in the US
Connecticut, US-based Liberty Bank has launched a new digital bank named Owners Bank to meet the needs of small business owners.
Owners Bank is a new digital bank for small businesses
Owners Bank will offer business interest checking and savings accounts equipped with digital tools to help small businesses manage their finances, set up savings goals and send and accept digital payments.
Users will have access to a personalised dashboard that can consolidate all their bank accounts (including those from other financial institutions) into one platform. The new digital bank will also start offering business loans and credit from mid-2023.
“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,” says David Mitchell, founder and CEO of Owners 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, so they can get back to running their businesses.”
Mitchell will be responsible for leading the rollout of Owners Bank across the US as well as growing the company’s product offering. The bank has also appointed Harry Gunsallus as its chief operating officer (COO) and Lizette Nigro as its chief product officer (CPO). Both will work on building digital strategies and fintech partnerships for Owners Bank.
Owners Bank is currently available to small businesses in Rhode Island, Massachusetts, Connecticut and Pennsylvania.
