Liberty Bank, Inc.


Overview / Commentary
801-355-7411
326 South 500 East
Salt Lake City, UT 84102

Liberty Bank, Inc. is headquartered in SALT LAKE CITY and is the 41st largest bank in the state of Utah. It is also the 4,565th largest bank in the nation. It was established in 1956 and as of December of 2023, it had grown to 11 employees at 1 location. Liberty Bank, Inc.'s money market rates are 7X the national average, but it has a F health rating.

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Reviews (4)

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

Posted by: |

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.

Posted by: |

The bank president is crazy and comes up with this random analogies and conditions. He is obessed with power and control. Stay away!!!!!



Health
Additional Factors: Institutions with a small asset base, a short operating history, or negative return on equity can represent an instability risk beyond what their financial ratios indicate. Liberty Bank, Inc. has a low asset base, and a negative return on equity.

Health Grade Components

Overall
FDIC Certificate #26816
Year Established1956
Employees11
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD-5.43%
Return on Equity - YTD-69.65%
Annual Interest Income$868K
Assets and Liabilities
AssetsQ4 2023vs Q4 2022$12.4MM$10.8MM
LoansQ4 2023vs Q4 2022$7.7MM$8MM
DepositsQ4 2023vs Q4 2022$11.5MM$9.4MM
Equity CapitalQ4 2023vs Q4 2022$614K$1.2MM
Loan Loss AllowanceQ4 2023vs Q4 2022$241K$233K
Unbacked Noncurrent LoansQ4 2023vs Q4 2022$161K$0
Real Estate OwnedQ4 2023vs Q4 2022$0$0
Rates
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Always verify rates and promotions with the bank or credit union. We are not Liberty Bank, Inc.; we are a rate comparison website and cannot provide official rates or promotions.

* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

Liberty Bank, Inc. Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
3.25%*$100k*$250kPremier Money Market
OTHER TIERS: 1.00% Up to $25k | 2.20% $250k+ | 2.50% $25k - $50k | 2.70% $50k - $100k

Liberty Bank, Inc. CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
4.25%$1k$100k1 Year CD
4.25%$1k-18 Month CD
4.25%$100k-1 Year Jumbo CD
4.25%$100k-18 Month Jumbo CD
4.00%$1k$100k2 Year CD
4.00%$100k-2 Year Jumbo CD
3.87%$1k$100k3 Year CD
3.87%$1k$100k4 Year CD
3.87%$1k$100k5 Year CD
3.87%$100k-3 Year Jumbo CD
3.87%$100k-4 Year Jumbo CD
3.87%$100k-5 Year Jumbo CD
3.50%$1k$100k6 Month CD
3.50%$100k-6 Month Jumbo CD
Locations


Liberty Bank, Inc. Locations
Liberty Bank, Inc.326 S 500 ESalt Lake City, UT 84102

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