2007 Growth AwardSaturday, October 6, 2007
Liberty Bank, N.A. receives 2007 Business Growth Award
October 6, 2007; Twinsburg, Ohio -- Liberty Bank, N.A. today announced that the bank was selected as a Cascade Capital Corporation Business Growth Award honoree for 2007. This is the second year in a row that Liberty Bank has received the honor presented by Cascade Capital Corporation and Smart Business Magazine.
The Business Growth Awards recognize and businesses from Ashland, Holmes, Medina, Portage, Stark, Summit and Wayne counties that have achieved significant growth by increasing their sales by 100 percent or $5 million or increasing its work force by at least 50 percent or 25 people over the past five years.
"We're pleased to receive this recognition for significant growth from Cascade Capital and Smart Business," said William A. Valerian, Chairman & CEO of Liberty Bank, N.A. "We anticipate a profit for 2007 well in excess of the record profits of 2006. From an economic development perspective, increasing local company sales enriches the local economy."
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 national bank with assets of $228 million, total deposits of $205.5 million and retained earnings of $20.1 million, as of September 30, 2007. 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.