Question 1

What is Libertyville Savings Bank?

Accepted Answer

Libertyville Savings Bank is a community-focused savings bank serving southeast Iowa with approximately $386.7 million in total assets and $305.6 million in deposits. The bank operates six branches across small rural communities in Jefferson and surrounding counties, providing personalized banking services to individuals and businesses.

With over 120 years of history, Libertyville Savings Bank specializes in relationship banking and has earned recognition as an 11-time consecutive Top Iowa Workplace award winner, reflecting its commitment to both customer service and employee satisfaction.

Question 2

When was Libertyville Savings Bank founded?

Accepted Answer

Libertyville Savings Bank was established on June 8, 1901 in the small village of Libertyville, Iowa. The bank was founded with 100 shares of stock offered at $100 per share, for a total initial capital of $10,000.

By the end of its first year of operation, the bank's assets had grown to $29,579. The original Board of Directors consisted of E.B. Riniker, S.K. Davis, Frank Hurst, S.H. Watkins (who served as president), Ed Glotfelty, C.H. Linden, and Mace Clinkenboard. Over more than a century, the bank has evolved from a single-location savings institution to a multi-branch community bank while maintaining its founding principles of integrity and trust.

Question 3

Where is Libertyville Savings Bank headquartered?

Accepted Answer

Libertyville Savings Bank's headquarters is located at 2000 W Jefferson Ave, Fairfield, Iowa 52556. While the bank was originally chartered in Libertyville, Iowa, it moved its charter to Fairfield in February 1996, where it constructed a new headquarters building.

The headquarters has undergone two major additions since the original construction, adding office space and creating additional jobs in the Fairfield community.

Question 4

Where does Libertyville Savings Bank operate?

Accepted Answer

Libertyville Savings Bank operates six branch locations across southeast Iowa, primarily in small rural communities. The bank's branch network includes:
• Fairfield (headquarters location in Jefferson County)
• Libertyville (the original 1901 location)
• Eldon (opened in 1997)
• Keosauqua (opened in 2007)
• Keota (acquired through purchase of Farmers Savings Bank in 2014)
• Douds (acquired through purchase of Farmers and Traders in 2019)

The bank primarily serves Jefferson County and surrounding areas in southeast Iowa, focusing on small towns and their surrounding agricultural communities.

Question 5

What services does Libertyville Savings Bank offer?

Accepted Answer

Libertyville Savings Bank provides comprehensive retail and commercial banking services tailored to individuals, families, and businesses in rural Iowa communities:

Personal Banking: Checking accounts, savings accounts, certificates of deposit (CDs), personal loans, auto loans, and home equity lines of credit. The bank offers online account opening for personal accounts and CDs.

Business Banking: Business checking and savings accounts, commercial loans, and cash management services designed for small businesses and agricultural operations.

Digital Banking: The bank offers robust online and mobile banking platforms, including the Libertyville Savings Mobile app (rated 4.7 stars on Google Play with over 1,000 downloads). Digital features include multi-account aggregation, bill discovery and payment, mobile check deposit, transaction tagging, alerts and notifications, and secure access with bank-level encryption.

Insurance Services: Insurance products are available through Stump Family Insurance, providing comprehensive financial planning options.

Lending: The bank processes online loan applications for personal loans, auto loans, commercial loans, and home equity lines of credit, streamlining the borrowing process for customers.

Question 6

What makes Libertyville Savings Bank unique?

Accepted Answer

Libertyville Savings Bank distinguishes itself through exceptional community engagement and workplace culture. The bank has been recognized as a Top Iowa Workplace for 11 consecutive years, demonstrating its commitment to employee satisfaction and organizational excellence.

Community Investment: The bank's employees volunteer over 660 hours annually for local organizations, schools, civic events, county fairs, and community celebrations. Additionally, Libertyville Savings Bank contributes an average of $150,000 or more in monetary donations and sponsorships each year to support community development.

Local Focus: Staff members reside in the communities they serve, with children attending local schools and participating in sports, 4-H, and fine arts programs. Bank leadership serves on boards and committees for community betterment organizations including Rotary, Habitat for Humanity, Soil and Water Conservation, and local economic development groups.

Family Atmosphere: Long-time customers and employees consistently describe the bank's culture as feeling like "family," emphasizing personalized service and deep community connections. The bank's tagline, "Loving Our Small Towns Since 1901," reflects this commitment.

Question 7

What type of financial institution is Libertyville Savings Bank?

Accepted Answer

Libertyville Savings Bank is a state-chartered savings bank regulated by the FDIC (FDIC Certificate #13712). As a savings bank, the institution traditionally focuses on accepting deposits and providing mortgage and consumer loans, though it has expanded to offer full-service commercial banking capabilities.

The bank operates as a community bank, meaning it maintains local ownership and decision-making authority, with a specific focus on serving small towns and rural areas in southeast Iowa. Its structure allows for relationship-based banking with personalized service tailored to the unique needs of agricultural communities and small-town businesses.

All deposits are insured by the FDIC, backed by the full faith and credit of the U.S. Government.

Libertyville Savings Bank

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About Libertyville Savings Bank in the United States

Libert­yville Savings Bank