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Liberty Savings Bank - Cherry Creek
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Liberty Savings Bank, F.S.B. is a federally chartered savings bank, wholly owned by Liberty Capital, Inc., which is a privately held thrift holding company. It 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 has exhibited tremendous growth, expanding into three additional states and increasing its network of retail offices to 41 full service financial centers. Colorado was the site of Liberty’s first inter-state expansion with the acquisition of Colorado Savings and Loan in 1990. This two-office thrift was renamed Colorado Savings Bank, F.S.B., and it retained its separate corporate identity until 1996, when it was merged into Liberty Savings Bank. Growth in Colorado has been rapid and extensive. There are currently 12 financial centers serving the communities of Metro Denver, Englewood, Granby, Highlands Ranch, Lakewood, Longmont, Northglenn, and Superior. |
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