In 1972, Liberty Bank and Trust Company was chartered in New Orleans, Louisiana, with a focus on service, integrity and a sincere interest in community and business development. Nearly five decades later, Liberty Bank and Trust has approximately $965 million in assets and branches in 9 states making it one of the largest African American owned financial institutions in the United States.
Liberty Bank established its Baton Rouge presence in 1994 and opened a third branch in 2004. Liberty then moved into Mississippi in 2003, acquiring First American Bank in Jackson. This was followed by expansion into the Greater Kansas City market with the acquisition of Douglass bank in Kansas City, Kansas, and Kansas City, Missouri, in 2008.
Liberty Bank and Trust Company expanded across Greater New Orleans with the 2009 acquisition of United Bank and Trust Company, securing four additional locations to serve that market. That was followed by the acquisition of Home Federal Savings in Detroit, Michigan, which increased the bank's reach to six states. In 2013, Liberty Bank entered the Chicago market with the acquisition of Covenant Bank of Illinois, and in 2015, the bank expanded to Montgomery and Tuskegee, Alabama through the purchase of First Tuskegee Bank. In 2020 Liberty Bank and Trust expanded into Louisville, KY through the acquisition of Metro Bank, and in 2021 entered the Memphis, TN market by acquiring Tri-State Bank of Memphis, making Liberty Bank one of the largest black-owned banks in the U.S.
Liberty Bank's growth has been the result of acquisitions, fruitful partnerships, aggressive marketing, strong management, staff productivity and the trust it enjoys in the community. It all adds up to an efficient, well-capitalized institution that is perfectly positioned to continue fast-paced growths in both profits and assets. At Liberty Bank, we are passionate about helping more people achieve more economic freedom.
We work hard. Play hard. Invest where our heart lives. And pursue freedom for all. Trust Liberty Bank. There's freedom here.