Freedom Bank (NJ)

Overview / Commentary
99 West Essex Street
Maywood, NJ 07607

Freedom Bank (NJ) is headquartered in MAYWOOD and is the 32nd largest bank in the state of New Jersey. It is also the 1,362nd largest bank in the nation. It was established in 2008 and as of June of 2023, it had grown to 55 employees at 5 locations. Freedom Bank (NJ) has a B+ health rating.

Reviews (1)

Very Impressed As A New Customer

Posted by: |

Freedom Bank ( NJ ) was recommended to me through a friend. I went to
to do my homework on this particular bank. I was impressed with the Health Rating as well as the Texas Ratio both were A+ so I decided to open an account near me in a local branch. I called ahead and spoke with Kathleen and had a very pleasant conversation. She was very helpful over the phone and we met shortly after at the local branch. Upon entering I met Mary also very professional and pleasant to speak to and work with. This particular branch looked like new and was spotless! Everything was handled professionally and promptly ! So far So good. I look forward to a long relationship with this bank. Great rates / Professional people / Good Bank Health rating
are the ingredients for long time customer!
Cheers from New Jerseys premier Jazz Pianist / Entertainer : SD


Health Grade Components

FDIC Certificate #58712
Year Established2008
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD0.84%
Return on Equity - YTD7.87%
Annual Interest Income$17.2MM
Assets and Liabilities
AssetsQ2 2023vs Q2 2022$671.8MM$654.2MM
LoansQ2 2023vs Q2 2022$598.3MM$545.8MM
DepositsQ2 2023vs Q2 2022$532.4MM$557.3MM
Equity CapitalQ2 2023vs Q2 2022$72.3MM$64.7MM
Loan Loss AllowanceQ2 2023vs Q2 2022$4.0MM$5.7MM
Unbacked Noncurrent LoansQ2 2023vs Q2 2022$2.0MM$1.0MM
Real Estate OwnedQ2 2023vs Q2 2022$0$0

Rates for Freedom Bank (NJ) are currently being reviewed.


Freedom Bank (NJ) Locations
Freedom Bank99 W Essex StMaywood, NJ 07607
Guttenberg Branch6812 Park AvenueGuttenberg, NJ 07093
Ridgewood Branch375 Route 17 SouthRidgewood, NJ 07450
Mahwah Branch380 Route 17 SouthMahwah, NJ 07430
Rutherford Commons150 Route 17 NorthEast Rutherford, NJ 07073

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