Liberty Savings Bank is headquartered in Wilmington and is the 34th largest bank in the state of Ohio. It is also the 984th largest bank in the nation. It was established in 1984 and as of December of 2021, it had grown to 117 employees at 6 locations. Liberty Savings Bank's savings rates are 2X the national average, and it has an A health rating.
Jacaranda Office
I have had experiences with many banks in the 31 years I have been in the Venice area. none can compare to the client care,attention, courtesy, friendliness, and professionalism that I find at MY Jacaranda branch Liberty Bank!! Thank you for the way you always attend my banking needs. YOU ARE THE BEST
Rate Drop 10/1/21
Liberty Savings was not transparent this time as they were in the past.
Big Interest Savings pays 0.5% on ALL balances.
Rate Not Available
Liberty Savings Bank is not offering this rate: 1.06%
Verified by calling.
No Reason To Use This Bank-
The rates seemed great so I opened a checking and savings account there. I've had a lot of issues already. They don't automatically send you a debit card when you open a checking account. You have to wait 10-12 business days (in case they did send it). Then re-apply online for one to be sent to you.
Depositing mobile checks isn't an option until you've had an account open for 3 months. That is unheard of. And it's DEFINITELY something that should be waived in the current COVID-19 Climate.
Emailed the customer service email 4 times with no response on various issues.
However, the team at the branches seem to be helpful and friendly. So that's a plus.
Update 3/29/21
The only benefit of this bank was their exceptional interest rates. After jumping through multiple hoops to make sure my account was eligible for them; they dropped them down significantly with just a casual email.
Now there is definitely no benefits, extremely difficult to deposit mobile checks (get up with the times!) and limits are insane.
Seriously, no reason to bank here over banks that offer so much more on a day to day ease of use.
Data as of Q4 2021
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| FDIC Certificate # | 32242 |
| Year Established | 1984 |
| Employees | 117 |
| Primary Regulator | OCC |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 2.03% |
| Return on Equity - YTD | 19.87% |
| Annual Interest Income | $28.8MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q4 2021vs Q4 2020 | $983.9MM$923.8MM |
| Loans | Q4 2021vs Q4 2020 | $696.8MM$597.9MM |
| Deposits | Q4 2021vs Q4 2020 | $857.7MM$812.6MM |
| Equity Capital | Q4 2021vs Q4 2020 | $102.7MM$87.6MM |
| Loan Loss Allowance | Q4 2021vs Q4 2020 | $5.5MM$5.4MM |
| Unbacked Noncurrent Loans | Q4 2021vs Q4 2020 | $8.1MM$11.6MM |
| Real Estate Owned | Q4 2021vs Q4 2020 | $2.3MM$5.6MM |