Liberty Savings Bank - Denver CO Revenue and Competitors

Liberty Savings bank, F.S.B. was founded in 1889 when a group of businessmen came together to meet the demand for home ownership in Highland County, a rural area of Southwest Ohio. The businessmen pooled their money and created the Lynchburg Building and Loan Association. The Lynchburg Building and Loan Association was driven by the idea of consolidating funds and allowing contributors to borrow for the purchase of land and homes. Over the years, several business mergers helped strengthen this small, rural bank, and in the late 1960's, Lynchburg Building and Loan merged with Superior Loan and Building to form Highland Savings Association. After adding a branch in nearby Wilmington, Ohio, in 1980, the name was changed to Liberty Savings Association, taken from the name of the township that surrounds Hillsboro in Highland County. Four years later the name was changed to Liberty Savings Bank, a Federal Savings Bank so as to reflect the change in its federal charter. This final name change gave the company more flexibility in its revenue generating investments, enabling it to compete in the new financial climate created in the late 1970's and early 1980's. In September of 1984, Liberty Savings Bank came under the direction of James R. Powell, primary officer. Powell's guidance led to the acquisition of South Side Savings Bank in Lima, Ohio, in 1988, as well as the merger of South Side Savings into Liberty Savings Bank in 1991. In order to facilitate the various operations of a savings bank, Powell established Liberty Capital Incorporated in 1985 as the primary holding company for Liberty Savings Bank. In February of 1990, Liberty purchased Colorado Savings and Loan, a Colorado based bank founded in the 1970's as Grand County Savings and Loan. The bank's name was changed to Colorado Savings Bank, F.S.B. Meanwhile, from 1991 to 1994, the Liberty Savings Bank network expanded in Ohio with new offices in Centerville, Englewood, Huber Heights, Kettering, Beavercreek and Oakwood. Liberty expanded outside of Ohio in 1993 when two offices opened on Hilton Head Island, South Carolina. In 1995, a second office was opened Lima, Ohio and two offices were opened in Sarasota, Florida. In mid-1996, Colorado Savings Bank merged with and took the name of its sister bank, Liberty Savings Bank. Among the Colorado locations are six offices in Metro Denver located in Cherry Creek, Downtown, East Denver, Lakewood, Monaco & Yale, and Northglenn, and four offices in the northern front range communities of Fort Collins, Granby, Greeley and Longmont. The expansion continued in mid-1997 with the tenth Colorado office being opened in East Denver on Alameda Avenue. Additional offices have been added in 1998 & 1999. In 2000 Liberty opened three "In Store" financial service centers in Wal Mart and Kmart so as to better serve our customers through extended hours, additional banking services and added convenient locations. Early in 1997, Liberty began to expand further in the Florida market with a third financial center. In early 1998, Liberty opened two offices in Venice, Florida which gave the bank five offices in the state. They also expanded their Ohio network of offices by adding a second Centerville location. In the Spring of 1998, Liberty opened their first office in Brandenton, Florida. In mid-1998, Liberty Savings Bank decided to concentrate their Colorado efforts in Downtown Denver, Granby and Longmont. They therefore made the decision to for the first time in Liberty's history to sell the offices located in Greeley and Fort Collins. In the midst of the retail banking growth, Liberty diversified into the secondary mortgage market and mortgage banking with the bank's subsidiary, Liberty Lending Services, Inc., based in Wilmington, Ohio. Liberty Lending now services $3.5 billion in loan balances for 54,095 loan customers across the nation. The Liberty family continues to be organized with Liberty Capital, Inc. as the primary holding company for Liberty Savings Bank. Two additional companies are subsidiaries of Liberty Savings Bank. Liberty Investment Services, Inc., which allows customers financial planning and alternative investment options, and LPI Properties, Inc., which manages all the bank's real estate holdings. Liberty's early beginnings came about because of a community's need. Their continued success is a result of sound financial products and a commitment to "Superior Customer Service". Liberty looks to the future for even greater opportunities for growth and excellence. Liberty Savings Bank has locations in Ohio, Colorado, South Carolina and Florida. Click here for a complete list.