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HARTFORDBUSINESS.COM | August 29, 2022 15 Building Ideas That Work... Building Ideas That Work... Contact us at 860.482.7613 or visit us at BorghesiBuilding.com 2155 East Main Street Torrington, Connecticut 06790 © 2011 BlueScope Buildings North America, Inc. All rights reserved. Butler Manufacturing ™ is a division of BlueScope Buildings North America, Inc. When looking to construct a new place of worship, Borghesi Building & Engineering Co., Inc. will guide you in defining your project using a balance of goals, budget and timeline. Providing quality and reliability with design and energy efficient construction. With over 80 years of experience our processes will help your dream to be realized. JEWISH COMMUNITY CENTER, WEST HARTFORD GRACE CHURCH, NEWTOWN SIKH TEMPLE, SOUTHINGTON Dime Bank President and CEO Nick Caplanson. PHOTO | CONTRIBUTED In addition to deposits and loans, the new bank will offer a suite of integrated, easily-used business management applications, including digital expense recording, elec- tronic invoicing, and payment and project management, among others, Mitchell said. "They started their business because they love to do the job they do," Mitchell said. "They hate to do banking. … We can automate all of that banking stuff so in the end they get their cash faster. In the end it is all about cash flow for these guys." Mitchell said Liberty has signed an agreement with a network of ATMS that will allow its digital banking customers access to 55,000 machines across all 50 states. It hasn't yet been decided if there will be fees for access. Liberty originally planned to open its digital bank in 2021, but there were COVID-related delays and the bank wanted more time for research and development, Mitchell said. Research included surveys of more than 3,000 small businesses nation- ally and interviews with more than 300 companies, all aimed at determining their needs. Mitchell said the digital bank launch will be a multimillion-dollar annual investment over five years, with projections of breaking even in year three. "We have 12,000 small business customers at Liberty," Mitchell said. "We will surpass that quickly with the digital bank." Dime Bank looks to open new branch in Vernon By Robert Storace N orwich-based Dime Bank has filed an application with the Connecticut Department of Banking and Federal Deposit Insurance Corp. for approval to open its first community bank in Vernon. Dime Bank currently has 13 Connecticut locations in south- eastern Connecticut and the Greater Hartford area and one branch in Westerly, Rhode Island. "For over 150 years, we've provided inspired community banking to individuals, families and business owners in Connecticut and Rhode Island and we look forward to the opportunity to do the same in the Vernon and Rockville area," Dime President and CEO Nick Caplanson said in a state- ment. "It's clear that not everyone wishes to do their banking with larger, out-of-state financial institutions and we're happy to welcome customers who remember how banking used to be and still prefer the services, familiarity and community-based commitment of a local bank." The new branch – pending approval – would open this fall at 135 Talcottville Road. Dime Bank is a mutual bank with more than $1 billion in assets. It has been gradually increasing its Greater Hartford presence in recent years with new branches in Glastonbury and Manchester.