November 17, 2008 - Liberty Savings Bank Customers Now Able to Export Account Information 

Liberty Savings Bank is pleased to announce that Personal Online Banking customers can now export their account information into Quicken. Liberty Savings Bank has partnered with Intuit (the makers of Quicken) to offer this service to all Personal Online Banking customers who use Quicken personal finance software. Software not provided. Customers not currently enrolled in Online Banking can enroll at www.libertysavingsbank.com.  

September 12, 2008 - Web Bank Director Graduates from Prestigious Graduate School of Banking

On August 22, 2008, Andrew Germann, Web Bank Director of Liberty Savings Bank received his diploma for completion of Graduate studies at the 64^th Annual session of the prestigious Graduate School of Banking at the University of Wisconsin-Madison.

The School, sponsored by the 18 state bankers associations comprising the Central States Conference of Bankers Associations and the University of Wisconsin-Madison, was established in 1945 to provide bankers with an opportunity for advanced study and research in banking, economics and leadership. Instruction at the Graduate School of Banking takes place during two-week resident sessions for three consecutive summers, along with comprehensive study between summer resident sessions. The curriculum focuses on the management of strategic issues faced by banking executives and financial services industry professionals.

Germann’s extended education coupled with 19 years in the banking industry will provide extensive leadership expertise to Liberty Savings Bank. His primary responsibility at Liberty is management and design of web-based products and services, including implementation of online new account opening. 

July 29, 2008 - Liberty's Superior Performance Recognized By The Denver Post

With recent market news, most banks do not want to see their name in newspaper headlines. The exception is a recent Denver Post article featuring five "Safe and Sound" banks. This list recognizes Colorado banks with the smallest percentage of delinquent loans and the largest cushion of capital on hand to absorb potential future losses. Liberty Savings Bank is listed as one of the five, as mentioned in the July 27, 2008 article of The Denver Post.

Sue Kranjc, CFO of Liberty Savings Bank states, "In an environment like we're in today, it is critical to have sufficient capital and liquidity to weather the storm. Although we are not immune to the current credit crunch, Liberty is well-capitalized and offers full FDIC insurance coverage to our depositors. Additionally, we offer the CDARS deposit network program to depositors with funds in excess of FDIC coverage. Rest assured that the Board of Directors and management are being vigilant in steering the bank through this volatile time. Everyone should continue to have confidence in the U.S. banking system."

The FDIC (Federal Deposit Insurance Corporation) protects depositors against the loss of insured deposits. FDIC insurance is backed by the full faith and credit of the United States government. The basic insurance amount is $100,000 per depositor. The $100,000 amount applies to all depositors of an insured bank except for owners of certain retirement accounts, which are insured up to $250,000 per owner.

At Liberty Savings Bank our interest is in you. We offer a full range of financial products and services to meet your needs as an individual or as a business, from personal checking accounts and savings accounts to commercial loans and cash management services. We are confident that we can meet your financial needs, no matter how small or large.

With headquarters in Wilmington, Ohio, Liberty is a full financial service provider with more than 40 Financial Centers in the four states of Ohio, Colorado, South Carolina, and Florida.

July 18, 2008 - WORRIED ABOUT THE SAFETY OF YOUR MONEY?  CDARS Can Give You Peace of Mind

Even though headlines report huge financial losses, large businesses in trouble and turmoil in the securities and other markets, today you can enjoy the total security of up to $50 million in FDIC insurance coverage at Liberty Savings Bank.

Through a service called CDARS (pronounced “cedars”), Liberty Savings Bank can offer you up to 500 times the standard $100,000 level of coverage found at most banks. “There is nothing safer than FDIC insurance,” said Sue Kranjc, CFO of Liberty Savings Bank.

 “Why? Since the FDIC was created in 1933, no one has lost a single penny in an FDIC-insured account. Because of FDIC insurance, four generations of Americans have been able to sleep soundly at night knowing that their money is fully protected,” said Kranjc. “Now with CDARS, we can protect depositors for up to $50 million, and to top it off, Liberty Savings Bank is the top CDARS producer nationwide,” she added.

CDARS is a deposit placement service. Deposits placed through CDARS meet the pass-through insurance coverage guidelines established by the FDIC. To offer CDARS, a bank must belong to a special network called the Promontory Network. When a customer places a large deposit with a Network member, the bank arranges for the placement of funds into CDs issued by other Network banks – in increments of less than $100,000 to ensure that both principal and interest are eligible for full FDIC protection.

From the customers’ point of view, CDARS is one-stop shopping. Regardless of the number of CDs they receive, CDARS customers work with only one bank, sign only one agreement and receive one account statement. Currently, more than 1,700 institutions, including Liberty Savings Bank, are members of the Promontory Network.  CDARS, which was first offered in January 2003, is endorsed by the American Bankers Association.

“If you have ever heard the saying ‘As safe as money in the bank,’ you know how valuable FDIC insurance coverage is. At Liberty Savings Bank we’re delighted we can offer you many times the coverage that most other banks can’t,” Kranjc said.

Learn more about the CDARS program by clicking here.