Liberty Bank, Inc. is headquartered in SALT LAKE CITY and is the 41st largest bank in the state of Utah. It is also the 4,608th largest bank in the nation. It was established in 1956 and as of June of 2023, it had grown to 12 employees at 1 location. Liberty Bank, Inc. has a D health rating.
Utah's Neighborhood Bank
Liberty Bank is a small local community bank that is a huge supporter of small businesses. Everyone at Liberty is friendly and committed to ensure a good experience for their customers. They have over 50 years in financing small businesses. Look around the valley and you will see the amazing businesses they support- Poplar Pub, Dailey Method, PMD, Fidler's Elbow... just to name a few. Go in and see Kendall Phillips, he will make your dreams of small business ownership reality.
Really Terrible
The people are friendly, sure, but the turnaround and customer service is slow as hell. During the process of getting my loan through them, if it weren’t for me keeping tabs and asking when things would be done, I swear I would have been put on the back burner. Why do I have to chase after someone to do their own job? I’m not the type to bother others for no reason, fyi. Also, the responses to my polite and formal emails were always short replies with only a few words. I’m so tired of dealing with this bank. TIRED. I sold my tiny house, and asked Liberty to hold off on taking my monthly payment for just one week, so I can just pay everything off in full. I sent two email and received two replies saying the payment wont be pulled. Guess what? They pulled it. Now I have to go through hoops of fire to try and get it back so I can save a little on the high as hell interest they charge. I’m so done with this bank.
Cd Rate Different Than Advertised
Cd rates posted on the bank's website are way lower than those posted here!!!
Buyer beware!
Worse Bank Ever.
The bank president is crazy and comes up with this random analogies and conditions. He is obessed with power and control. Stay away!!!!!
Data as of Q2 2023
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| FDIC Certificate # | 26816 |
| Year Established | 1956 |
| Employees | 12 |
| Primary Regulator | FDIC |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | -11.06% |
| Return on Equity - YTD | -128.12% |
| Annual Interest Income | $425.00K |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2023vs Q2 2022 | $10.8MM$12.6MM |
| Loans | Q2 2023vs Q2 2022 | $7.8MM$7.5MM |
| Deposits | Q2 2023vs Q2 2022 | $9.9MM$10.8MM |
| Equity Capital | Q2 2023vs Q2 2022 | $635.00K$1.5MM |
| Loan Loss Allowance | Q2 2023vs Q2 2022 | $233.00K$212.00K |
| Unbacked Noncurrent Loans | Q2 2023vs Q2 2022 | $0$181.00K |
| Real Estate Owned | Q2 2023vs Q2 2022 | $0$0 |