Liberty Bank, Inc. is headquartered in Salt Lake City and is the 39th largest bank in the state of Utah. It is also the 5,057th largest bank in the nation. It was established in 1956 and as of June of 2020, it had grown to 16 employees at 1 location. Liberty Bank, Inc.'s money market rates are 14% higher than the national average, but it 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.
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 2020
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| FDIC Certificate # | 26816 |
| Year Established | 1956 |
| Employees | 16 |
| Primary Regulator | FDIC |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | -10.38% |
| Return on Equity - YTD | -117.58% |
| Annual Interest Income | $216.00K |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2020vs Q2 2019 | $9.8MM$9.2MM |
| Loans | Q2 2020vs Q2 2019 | $5.4MM$3.7MM |
| Deposits | Q2 2020vs Q2 2019 | $9.2MM$8.2MM |
| Equity Capital | Q2 2020vs Q2 2019 | $564.00K$898.00K |
| Loan Loss Allowance | Q2 2020vs Q2 2019 | $207.00K$236.00K |
| Unbacked Noncurrent Loans | Q2 2020vs Q2 2019 | $0$2.00K |
| Real Estate Owned | Q2 2020vs Q2 2019 | $0$6.00K |