Liberty Savings Bank, F.S.B., was founded in 1889 in Highland County, Ohio, when a group of businessmen pooled their funds to create the Lynchburg Building and Loan Association. The Association was formed to help meet the community’s demand for home ownership, and over the years several business mergers helped to strengthen this small, rural bank.
In the late 1960s, Lynchburg Building and Loan Association merged with Superior Loan and Building to form Highland Savings Association. The company continued to grow and strengthen, and when a third office was opened in nearby Wilmington, in Clinton County, Ohio, the name was changed to Liberty Savings Association. James R. Powell acquired the company in September, 1984, renaming it Liberty Savings Bank, a Federal Savings Bank. With this federal thrift charter, Liberty gained more flexibility in the products and services it was able to offer. In 1985, Liberty Capital, Inc. was established to serve as the holding company for the savings bank.
When Liberty Savings Bank came under the direction of James R. Powell in 1984, it had three small branches in Highland and Clinton Counties, in rural southwestern Ohio. Under his leadership, Liberty expanded into three additional states with over 40 Financial Centers serving communities in Colorado, Florida, Ohio and South Carolina.
In September 2011, Liberty Savings Bank sold all of its Financial Centers in the Ohio region. In April 2012, the Bank sold all of its Financial Centers in the South Carolina region. Both sales have provided Liberty with a strong capitalized position and have allowed the company to focus its synergy in serving its clients in the Colorado and Florida markets. Liberty retains back-office operations in downtown Dayton and Wilmington to support its remaining Financial Centers.
Affiliates
The Liberty organization continues to be structured with Liberty Capital, Inc. as the holding company. At this time, the bank has no subsidiaries. Three previous subsidiaries, Liberty Lending Services, Inc.; LPI
Properties, Inc.; and Liberty Investment Services, Inc. have been merged into Liberty Savings Bank and now operate as departments of the bank. Liberty Lending Services, the organization’s mortgage banking entity, and LPI Properties, the property management subsidiary, were merged effective April 1, 2003. The investment services subsidiary, LIS, was merged effective January 1, 2005. Liberty Investment Services has been registered as a trade name and continues to be used as a marketing device for the investment services function.
Products & Services
Liberty takes a client-centered approach to financial services, providing a full range of both consumer and
business products and services. From checking and savings accounts to 24-hour banking, mortgages, financial consultation and more, Liberty is proud to provide communities with services tailored to meet clients’ needs.
Community Support
Liberty proudly supports the communities it serves. Examples of support include: event sponsorships;
donations; and fund-raising efforts to enrich charitable causes.
Commitment & Values
Liberty strives to create an exceptional banking experience for each of our clients. Our Interest Is In You is more than our tagline, it’s our way of doing business. Client satisfaction is at the root of everything we do. To us, clients are more than people with bank accounts; they are people we are privileged to serve.
Equal Housing Lender, Member FDIC.
