FROM Humble beginnings,
a mission that REMAINS UNchanged
In 1898 members of a neighborhood church on Chicago’s Northside banded together to finance home purchases for each other. They formed a building and loan association which later became known as Liberty Bank for Savings. Each month members contributed money and made home loans to one association member at a time.
The mutual charter launching our organization still guides us today and makes us very different from most banks. As a mutual bank association, we have no corporate owners, no stockholders. Profits are returned to shareholders in the form of higher savings or lower mortgage rates.
Many banks claim to provide excellent customer service but our forefathers chose a legal framework to ensure that customer service – not profits -- always came first. You can expect the same one-on-one personal attention that our customers have always enjoyed. When you ask which checking or mortgage program is best for you, you’ll get an honest answer, not one influenced by profitability or financial incentives.
Our name has evolved but our underlying mission remains the same – helping neighbors purchase their dream homes. We also offer a safe, secure place for savings and retirement nest eggs. Throughout the years Liberty Bank has weathered wars, depressions and stock market crashes to rank as one of the strongest banks in the country. Bauer Financial has given us a 5-star rating for 30 consecutive years.
A strong, secure community bank
delivering a PERSONAL BANKING experience
Our first free-standing office was at 2058 N. Damen Avenue. The building still remains. Since that time, we’ve taken our mission beyond the Bucktown area.
We moved our main office to Logan Square at Milwaukee and Fullerton in 1959. In the 1970’s and 1980’s we took our brand of personal service to new offices in Chicago, Park Ridge and Lincolnwood.
We take pride in knowing each home we finance helps neighbors achieve their dream but it also boosts the economic development of the communities. Our commitment is more than financial. We work to make every community better. Staff members serve on local boards, participate in charitable events and lend their expertise to nonprofit organizations.
This level of commitment to our communities keeps us “in touch” with customers. We know what neighbors want in a banking experience, from face to face personal service the big banks no longer deliver, to providing the latest in convenient electronic banking. It’s a commitment that has served us – and our customers – well for more than a century.