Cascade Capital AwardThursday, October 23, 2008
Liberty Bank, N.A. receives Business Growth Award for third straight year
October 23, 2008; Twinsburg, Ohio -- Liberty Bank, N.A. today announced that the bank was selected as a Cascade Capital Corporation Business Growth Award honoree for 2008. This is the third 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 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.
"Although Liberty Bank faces significant competition from larger financial institutions in Northeast Ohio, we have focused on the advantages of being locally owned to generate growth," said William A. Valerian, Chairman & CEO of Liberty Bank, N.A. "We are pleased to have increased sales by 456 percent and more than doubled our work force since 2003, thus contributing to the growth of the local economy."
Liberty Bank, N.A. serves local consumers and privately held businesses with sales of up to $35 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, Liberty Bank, N.A. is a full-service community national bank with assets of $245 million, as of December 31, 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 $35 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.