Liberty Savings Bank, F.S.B., 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 expanded into three additional
states with over 40 Financial Centers serving communities in Colorado, Florida, Ohio and South Carolina.
In September 2011, Liberty Savings Bank sold all of its Financial Centers in the Ohio region. In April 2012, the Bank sold all of its Financial Centers in the South Carolina region. Both sales have provided Liberty with a strong
capitalized position and have allowed the company to focus its synergy in serving its clients in the Colorado and Florida markets. Liberty retains back-office operations in downtown Dayton, Ohio; Wilmington, Ohio; and Sarasota,
Florida to support its remaining Financial Centers.
