Liberty Bank traces its history back to the decade preceding the "Gay Nineties" when a group of Ironton businessmen and workingman formed a "Terminating" type of building and loan association, chartered as "The German American Workingmen's Building Association." A certain number of men subscribed to shares and paid dues of 50 cents a share each two weeks until the subscribed shares were fully paid. Straws were drawn to determine whose turn it was to secure a loan from the accumulated funds.
A second "Terminating" charter was granted on April 10, 1896 with the chartered title "The German-American Building Association No. 2. Liberty Bank was granted a Federal Charter on February 16, 1938 and the name Liberty Federal Savings and Loan was obtained.
The Federal Charter was changed on March 1, 2001 to the name of Liberty Federal Savings Bank. On August 20, 2009 at a Special Meeting of the Members of the Bank approval was granted of a Plan of Mutual Holding Company Reorganization of the Bank. The reorganization of the Bank provided a mutual holding company form of ownership creating Liberty Federal Bancorp, Inc. and Liberty Federal Bancorp, MHC. On June 30, 2014 the Federal Savings and Loan charter was changed to a State Savings Bank charter and the name was changed to the current name Liberty Bank.
Liberty Bank has continually sought to consolidate growth with adequate liquidity and strong reserves, while continuing to serve the community. While adjusting to the changes over the years, Liberty Bank has remembered our function in our local economy; to promote home ownership and to encourage savings and investment.
Changes to the Property Value could change the results in a significant way. Lendersa® sliders allow you to make fast changes to explore your financing options.
You can change the property value by moving the Property Value slider up or down or by entering a new Property Value manually in the Property Value box.
When you change the Property Value, only the LTV will change, and the Loan Amount will remain the same Loan Amount.
Other advanced sliders’ options are available with Lendersa® Advanced Calculator
CloseChanges to the loan amount, even so slightly, could change the results in a significant way. Lendersa® sliders allow you to make fast changes to explore your financing options.
The Loan Amount Slider
Change the Loan Amount by moving the Loan Amount slider. (The LTV will change, and the Property Value will remain unchanged).
The LTV Slider
Change the Loan Amount by moving the LTV slider. (The Property Value will remain unchanged).
Other advanced options are available with Lendersa® Advanced Calculator
CloseLTV is the abbreviation of Loan To Value, and it is the ratio between the Loan Amount and the Property Value. The formula to calculate LTV is Loan Amount divided by the property value. 
Example: Loan Amount $300,000, Property value $400,000 
Changes to the LTV, even so slightly, could change the results in a significant way. Lendersa® sliders allow you to make fast changes to explore your financing options.
The Loan Amount Slider
Change the Loan Amount by moving the Loan Amount slider. (The LTV will change, and the Property Value will remain unchanged).
The LTV Slider
Change the Loan Amount by moving the LTV slider. (The Property Value will remain unchanged).
Other advanced options are available with Lendersa® Advanced Calculator
Close
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NMLS 1795154