Liberty Bank, N.A. opens Loan Production Office in WoosterTuesday, February 4, 2014
Beachwood, Ohio – Liberty Bank, N.A. (the “Company”) announced today that John A. Holland III, a 25 year business community leader in Holmes and Wayne counties, will head the new Liberty Bank, N.A. Loan Production Office (LPO) opening in Wooster, Ohio. "We are excited about this opportunity to expand the bank's relationships in Holmes and Wayne counties by providing a 'right sized' partner for businesses up to $50 million in sales," stated Bill Valerian, President and CEO.
The Liberty Bank, N.A. Loan Production Office will be located in Liberty Commons at 146 Liberty Street, Suite 190, Wooster, Ohio 44691. Telephone: 330-227-7111.
"We are very pleased to have John join our team and open the LPO in Wooster. He brings tremendous experience and knowledge and we are excited about the growth potential in the Wayne County and Holmes County markets," Chris Smerglia, Senior Vice President, Commercial Lending Team Leader, added.
William A. Valerian, Chairman, President and CEO
About Liberty Bank, N.A.
Founded in 1990, the Beachwood, Ohio-based Liberty Bank, N.A. is a full-service community national bank with assets of approximately $211 million as of December 31, 2013. With branch offices in Beachwood, Solon and Twinsburg, the independently-owned 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. Liberty Bank, N.A. provides credit facilities that include term loans, lines of credit, owner occupied real estate loans and corresponding cash management services as well as commercial real estate loans for investment and retail banking services. Further information is available at www.libertybankna.com.
Safe Harbor Statement Pursuant to the Private Securities Litigation Reform Act of 1995
This press release includes statements which look to the future. These can include remarks about the Company, the banking industry, the economy in general, expectations of the business environment in which the Company operates, projections of future performance, and potential future credit experience. These remarks are based upon current management expectations, and may, therefore, involve risks and uncertainties that cannot be predicted or quantified and are beyond the Company’s control and are subject to a variety of uncertainties that could cause future results to vary materially from the Company’s historical performance, or from current expectations. These remarks may be identified by such forward-looking statements as “should,” “expect,” “believe,” “view,” “opportunity,” “allow,” “continues,” “reflects,” “typically,” “usually,” “anticipate,” or similar statements or variations of such terms. Factors that could affect the Company include particularly, but are not limited to: potentially increased capital requirements mandated by the Company’s regulators; the Company’s ability to raise capital; changes in interest rates; increases or decreases in retail and commercial economic activity in the Company’s market area; variations in the ability and propensity of consumers and businesses to borrow, repay, or deposit money, or to use other banking and financial services; results of regulatory examinations; any failure by the Company to maintain effective internal control over financial reporting; larger-than-expected losses from the sale of assets; and the potential that net charge-offs are higher than expected or for further increases in our provision for loan losses. Finally, new and unanticipated legislation, regulation, or accounting standards may require the Company to change its practices in ways that materially change the results of operations. We have no obligation to update any forward-looking statements to reflect events or circumstances after the date of this document.