Financial Ratings
With so much attention in the news today about failing Financial Institutions and troubled Banks it’s no surprise people are concerned about the safety of their money. We here at Liberty have a lot to be proud of in our record of performance and we want you to have the utmost confidence in where you bank. Liberty has been in business for 112 years. And while it may sound a bit dull, safe and sound is simply the way we do business. We subscribe to prudent lending practices that truly reap their rewards in times like these. We are amongst the strongest financial institutions in the entire United States.
You should be assured that Liberty Bank for Savings remains SAFE, SOLID AND SECURE. Crain's Chicago Business 2009 Book of Lists attests to Liberty Bank's strong capital position. Our capital as of February 28, 2010 was over $169 million, with a capitalization ratio of 20%, well exceeding the minimum requirement of 6% established by the FDIC. To help explain why that’s important, you can look at net worth as a reserve, like a savings account to be used as a safety net for losses that might come in the future. In Liberty’s case, our net worth is the accumulation of profits for over 112 years in business. This positions us well within the ranks of the strongest financial institutions in America. Please visit our current Statement of Condition for more information.
But don’t just take our word for Liberty’s merits. We want you to feel confident. There are 3rd party sources available to you to validate our financial strength. They include Bankrate.com's Safe & Sound rating service and Bauer Financial which are independent agencies that provide ratings of banks and thrift institutions. We’re very proud that both have given Liberty their highest 5 star rating for security.
You don't have to travel far to find a bank that has put customers' security first for the past 112 years...LIBERTY BANK.
