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We are thrilled to share that two of Liberty Bank's exceptional leaders, President Todd McDonald and Vice President of Mortgage Jonathan Wilson, have been named 2023 Money Makers! This recognition is a testament to their hard work, dedication, and exceptional contributions to the financial industry and the community. A special publication profiling the honorees will also be inserted into the May 19, 2023 New Orleans CityBusiness. Please join us in congratulating Todd McDonald and Jonathan Wilson on this remarkable achievement. We are proud to have such exceptional professionals representing Liberty Bank, and we wish them continued success.
Liberty Financial Services announced that it has been awarded $40 million in New Markets Tax Credits by the CDFI Fund, an arm of the U.S. Treasury. Liberty is a certified Community Development Finance Institution (CDFI) and Community Development Entity (CDE) with a multi-state service area focused on serving the needs of low-income communities. Liberty said it will use the award to provide small business and healthcare loan products in "highly disadvantaged neighborhoods, primarily in urban communities within the targeted service area."
Alden McDonald, Jr. was the President & CEO of Liberty Bank and Trust Company for 50 years, until a few months ago when he passed the torch to his son, Todd.
The Lavin-Bernick Center for University Life will soon be home to the university’s newest tenant, a unique banking concept operated by New Orleans-based Liberty Bank. Located on the first floor between the Technology Connection and the FedEx office, The Financial Spot powered by Liberty Bank will offer personalized, one-on-one banking solutions for the Tulane University community, including students, faculty, staff, alumni and contract employees.
(Phoenix, AZ) — Freeport-McMoRan Inc. (FCX) announced that it has made an initial $1 billion investment in J.P. Morgan Asset Management’s Empower money market share class designed to allow institutional clients to support minority-owned and diverse-led financial institutions. This investment will benefit New Orleans-based Liberty Bank and Trust Company.
One of the largest black-owned banks in America, Liberty Bank and Trust will celebrate its 50th anniversary this November under only its second president, Todd McDonald, son of the bank’s founder, Alden McDonald. Exposed to the finance world all his life through his father, McDonald said he chose banking for himself for two reasons.
CHICAGO--(BUSINESS WIRE)--With the goal of increasing access to capital and banking resources in communities traditionally underserved by financial services, The Claro Group (Claro) today announced it has shifted a significant portion of the firm’s working capital to Liberty Bank and Trust (Liberty), a New Orleans-based black-owned bank operating in the Chicago area. The action demonstrates the firm’s commitment to what’s becoming known as the #BankBlack or #JusticeDeposits movement.
The Liberty Bank and Trust Co. board announced that Todd McDonald has been named the bank’s president effective May 2. Biz New Orleans reports McDonald, 41, will succeed his father and current Liberty President and Chief Executive Officer, Alden J. McDonald Jr., and take over the Black-owned bank with branches in eight states. The younger McDonald joined the bank in 2003, shortly after graduating from Morehouse College, and has held numerous titles during his 19 years with Liberty.
A vacant lot in New Orleans’ 7th Ward is set to be developed into an $18.6 million apartment community for older residents. The project at 1950 St. Bernard Ave. is being led by Liberty Bank Community Development Corp., the nonprofit arm of New Orleans-based Liberty Bank and Trust Co., and Minneapolis, Minnesota-based nonprofit Building Blocks.
As the President and CEO of Liberty Bank and Trust, Alden McDonald has made it his mission to seek opportunities to change the world and improve the lives of everyday people. His upbringing was not easy, so he strives to make things easier for those who follow.