2006 Business Growth AwardMonday, October 30, 2006
Liberty Bank recognized with Business Growth Award
October 30, 2006; Twinsburg, Ohio-- Liberty Bank, N.A. today announced that the bank has been recognized with a Business Growth Award presented by Cascade Capital Corporation and Smart Business Magazine.
The Business Growth Awards recognize and honor businesses from Ashland, Holmes, Medina, Portage, Stark, Summit and Wayne counties that have achieved significant growth in sales and/or employment over the past five years.
Liberty Bank was one of 44 companies honored in three categories -- service, manufacturing and technology -- for fortifying the strength of the regional economy. During the past five years, Liberty Bank's annual revenue increased 100 percent, while its employee base increased 80 percent.
"We're pleased to recognize Liberty Bank for its significant growth," said Robert Filipiak, executive director of Cascade Capital Corporation. "The importance of this growth measures far beyond the actual sales or employee counts. From an economic development perspective, increasing local company sales to other parts of the state, across the nation and even internationally enriches the local economy."
Under the direction of Chairman & CEO William A. Valerian, Liberty Bank serves local consumers and privately held businesses with sales of up to $25 million. The company specializes in providing innovative financing and cash management services together with competitive rates and personalized customer service.
About Liberty Bank, N.A.
Founded in 1990, Beachwood, Ohio-based Liberty Bank, N.A. is a full-service community financial institution with assets of $177 million as of September 30, 2006. With branch offices in Beachwood, Solon and Twinsburg, the independently-owned bank serves local consumers and privately held businesses with sales of up to $25 million. Liberty Bank specializes in providing innovative financing and cash management services for commercial customers together with competitive rates and a high level of personalized customer service.