April 26, 2019 – Toronto-based executive search firm Caldwell has placed David W. Glidden as president and CEO for Liberty Bank in Middleton, Conn. Partner Rich Perkey and Glenn Buggy, managing partner, both of the firm’s financial services practice, led the assignment for the search firm. Mr. Glidden succeeds Chandler J. Howard, who led the bank since 2007. Mr. Howard becomes a member of the board of directors.
“On behalf of the board of directors and executive management team, we wish Chandler continued success in retirement and are very pleased he has agreed to become a member of our board,” said Mark Gingras, chairman of the board of directors. “We extend a warm welcome to David as he joins Liberty Bank. After an extensive nationwide search, we are confident that David’s leadership experience and remarkable achievements will lead Liberty Bank toward a future of continued growth, outstanding customer service and community involvement.”
Mr. Glidden brings over 30 years of industry leadership experience to his new role. Most recently he served as regional president for TD Bank’s northern New England and upstate New York region. There, he was responsible for managing retail banking, small business, wealth management, commercial and specialty banking operations and lending services. Mr. Glidden began his banking career at Shawmut Bank’s commercial lending division in Boston and joined TD Bank in 1994, which led to numerous positions of increasing responsibility.
An Industry Leader
“I look forward to joining Liberty Bank and working with the team to reach new heights,” said Mr. Glidden. “Under Chandler’s leadership, Liberty built a solid foundation and continues to be a top company in Connecticut. During the next chapter of Liberty’s history, we will remain committed to helping customers handle their finances with confidence. I am proud to have the opportunity to lead the team to more successes as we continue to provide outstanding products and services, one-of-a-kind customer experiences and unparalleled community support to the areas within our footprint.”
Mr. Glidden is an active banking industry leader and advocate. In addition to his involvement with the Maine, New Hampshire, Vermont and New York state banking associations, he has held several leadership positions with organizations such as BDC Capital of New England, Inc., Turnaround Management Association, Private Equity and Venture Capital Association, SIS Charitable Fund and the TD Bank Charitable Foundation. He is also a member of the board of directors for the American Cancer Society (ACS) New England division and an ACS national delegate. Mr. Glidden was recently awarded the cancer society’s St. Georges Award, its highest national volunteer recognition award for lifetime achievement.
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“David’s diverse banking experience and commitment to the community make him the perfect match for Liberty Bank,” said Mr. Howard. “I am confident that under his leadership, Liberty will continue on its journey to be the most admired company in Connecticut.”
Serving Global Financial Organizations
Liberty Bank, founded in 1825, is Connecticut’s oldest bank. It has more than $5.1 billion in assets and 55 banking offices throughout the central, eastern, western and shoreline areas of the state. A full-service financial institution, Liberty Bank offers consumer and commercial banking, home mortgages, insurance and investment services. The bank was named as a 2018 “Best Bank in America” by Forbes and “Top Workplace” by the Hartford Courant for seven consecutive years.
Caldwell’s global financial services practice serves clients in the areas of investment banking and capital markets, asset and wealth management, alternative investments, insurance, consumer financial services and real estate, as well as all shared services and functional capabilities across the financial services sector.
Mr. Perkey is a partner in Caldwell’s board and CEO and financial services practices. His board engagements focus on board composition and board recruitment for a diverse set of industries, including asset management, commercial banking, health insurance, information services, life insurance, mortgage banking, natural gas distribution, paper and packaging, payments, and transportation and logistics.
With more than 25 years of executive search experience, Mr. Perkey has conducted CEO succession and search projects across North America for leading organizations in the financial services, healthcare, insurance, information services and consumer products sectors. In his specialty, financial services, he has recruited for all C-suite functional roles for organizations spanning the financial services ecosystem, including asset management, capital markets, commercial and retail banking, fintech, government-sponsored enterprises, insurance, mortgage banking and payments.
Mr. Buggy is a managing partner and co-head of Caldwell’s global financial services practice. In addition, he leads the firm’s legal, risk and regulatory oversight practice, focusing his search work in the financial services legal, compliance, regulatory risk, anti-financial crimes and data protection/privacy areas. Mr. Buggy is also a senior member of Caldwell’s asset and wealth management practice, managing relationships with global investment management and advisory firms.
Contributed by Scott A. Scanlon, Editor-in-Chief; Dale M. Zupsansky, Managing Editor; Stephen Sawicki, Managing Editor; and Andrew W. Mitchell, Managing Editor – Hunt Scanlon Media