Liberty Bank Minnesota

What Liberty Bank Minnesota does

Liberty Bank Minnesota is a privately held community bank founded in 1939 and headquartered at 2842 2nd Street S in St. Cloud, Minnesota, where it operates under the long-standing positioning of "St. Cloud's Oldest Name in Banking." The bank serves Central Minnesota residents and small businesses through a network of six physical branch locations spanning St. Cloud (headquarters plus a Westwood location), Waite Park, Sartell, Monticello, and Big Lake. Its product portfolio spans personal banking (checking, savings, CDs, personal loans), home lending (purchase mortgages, refinancing, and home equity loans, with the bank explicitly positioning itself as "Central Minnesota's Home Loan Lender"), and business banking (checking, savings, and commercial loans), supplemented by credit cards, gift cards, and a featured "Vault" product.

The bank's technology infrastructure is built entirely on standard third-party banking platforms rather than proprietary systems. Consumer and business online banking are delivered through CIBnG, mortgage applications through MortgageWebCenter, consumer loan applications through LoanWebCenter, ATM access through the MoneyPass network, the credit card program through Elan Financial Services, and check ordering through OrderMyChecks.com. Digital presence consists of the corporate website, an annual newsletter (2024 edition available), and a security-focused blog ("Liberty News"), with mobile banking described as "Now Available."

Revenue is generated through traditional community banking mechanics: net interest income from the loan portfolio (home loans, home equity loans, personal loans, business loans) offset by interest paid on deposits; non-interest fee income from account maintenance, overdraft, ATM, credit card transactions, and ancillary services; and credit card revenue sharing and interchange from the Elan partnership. The bank holds FDIC insurance and NMLS ID#411232, is privately held with no disclosed parent company or institutional ownership, and serves customers through a hybrid branch-based and direct-to-consumer distribution model.

Name

Liberty Bank Minnesota

Legal name

Liberty Bank Minnesota

Website

https://libertybankmn.com

Company type

Private

Founded year

1939

Operating status

Operating

Headcount range

51–100 employees

Short description

Liberty Bank Minnesota is a privately held community bank founded in 1939, serving Central Minnesota residents and small businesses through six branch locations with personal banking, mortgage lending, and business banking products.

Ownership category

akta.pro rank

Product category

Community Banking

NAICS

Commercial Banking (522110), Commercial Banking (52211)

SIC

State Commercial Banks (6022)

akta.pro primary industry

Mutual Savings Banks & Mutual Thrifts (FSABAEAD)

akta.pro secondary industry

Bank & Credit Union Personal Loans (Unsecured Installment) (FSAKAAAL)

Keywords

• Community banking
• Retail banking services
• Mortgage lending
• Consumer lending
• Small business banking

Headquarters

HQ city

Saint Cloud

HQ country

United States

HQ region

North America

Offices6 records

Markets served

GTM type

B2C

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Infrastructure, Marketing or Sales

Revenue model

1. Net Interest Income: Interest income earned on loan portfolio including home loans, home equity loans, personal loans, and business loans, offset by interest paid on deposits.
2. Non-Interest Income: Fee income from deposit account maintenance, overdraft fees, ATM fees, credit card transactions, check ordering, and other banking service charges.
3. Credit Card Revenue: Revenue sharing and interchange fees from credit card program operated in partnership with Elan Financial Services.

Go-to-market motion1 record

Distribution channels6 records

Marketing channels3 records

Core offering

Liberty Bank Minnesota is a community bank providing personal and business banking products across six branches in Central Minnesota. Core offerings include checking, savings, CDs, personal loans, home loans, home equity loans, business loans, credit cards, and digital banking (online and mobile). The bank is positioned as Central Minnesota's home loan lender.

Product overview

Liberty Bank Minnesota offers a comprehensive suite of banking products and services as a community bank serving Central Minnesota. The bank's portfolio includes personal banking products (checking, savings, CDs, personal loans), home lending products (home loans and home equity loans positioning them as Central Minnesota's Home Loan Lender), business banking products (checking, savings, and business loans), digital banking channels (online and mobile banking), and ancillary services (credit cards, gift cards, check ordering). The bank operates as a single-platform community bank rather than a modular platform architecture, with key lending and banking services delivered through third-party integrations for specialized functions like mortgage applications and credit card management.

Differentiator

Problem solved

Functional benefit

Products and services

• Personal Checking
• Savings and CDs
• Personal Loans
• Home Loans
• Home Equity Loans

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration8 records

Partnerships

Four partnerships are on record, tiered core and minor.

• MoneyPasscoreTechnology or IntegrationMoneyPass provides the ATM network access for Liberty Bank Minnesota customers, enabling fee-free withdrawals at MoneyPass ATMs nationwide. The bank directs customers to the MoneyPass ATM locator for finding nearby fee-free ATMs.
• Elan Financial ServicescoreTechnology or IntegrationElan Financial Services provides the credit card program for Liberty Bank Minnesota, including card issuance and processing infrastructure. The bank offers Liberty-branded credit cards with application processing through Elan's platform.
• OrderMyChecks.comminorChannel Partner/ Reseller/ DistributorThird-party check ordering service allowing Liberty Bank customers to order personal and business checks through a dedicated portal linked from the bank's website.
• CIBnG (Commercial Internet Banking)coreTechnology or IntegrationCIBnG provides the online banking platform infrastructure for Liberty Bank Minnesota's consumer and business online banking services, enabling secure account access, transactions, and banking operations.

Scale indicators2 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• MinnStar Bank: Small community bank in southern Minnesota providing personal checking, savings, mortgage, and small business lending products. Highly comparable to Liberty Bank Minnesota in scale, community-bank operating model, and product mix aimed at local retail and small business customers.
• Sentry Bank: Small Minnesota-based community bank offering consumer, mortgage, and business banking products to local customers. Closely comparable to Liberty Bank Minnesota in operating model, product breadth, and scale as a small community lender serving a defined Minnesota region.
• Heartland State Bank: Small Minnesota community bank offering deposit accounts, consumer loans, mortgages, and agricultural lending to local customers. Comparable peer in scale, community-bank business model, and Minnesota regional market focus.
• Stearns Bank: Community bank headquartered in the St. Cloud/Central Minnesota region serving similar consumer, mortgage, and small business banking customers. Geographic overlap makes it the most direct local peer to Liberty Bank Minnesota in terms of market served and product mix.
• Citizens Alliance Bank: Independent community bank operating across west-central and central Minnesota with consumer, mortgage, and small business banking products. Closely comparable peer in scale, geography, and operating model to Liberty Bank Minnesota.
• Lake Central Bank: Minnesota-based community bank serving consumer, mortgage, and small business banking customers in its regional market. Closely mirrors Liberty Bank Minnesota's small-scale, community-anchored banking model and product portfolio.

Broad incumbents

• U.S. Bank: Major national bank headquartered in Minneapolis with deep retail, mortgage, and small business banking penetration across Central Minnesota. Overlaps with Liberty Bank on deposit accounts, consumer loans, mortgages, and credit cards as a much larger incumbent competitor.
• Wells Fargo: Large national bank with significant branch presence in the Twin Cities and Central Minnesota. Competes with Liberty Bank on mortgages, consumer loans, deposit accounts, and small business banking, though it operates at vastly larger scale across a much broader portfolio.
• Bremer Bank: Large Minnesota-headquartered community/regional bank with extensive branch network across Minnesota, Wisconsin, and North Dakota. Provides overlapping consumer, mortgage, and small business banking products to Central Minnesota residents at greater scale, positioning it as a broad incumbent competitor.
• Huntington Bank: Large regional bank with branch presence in Minnesota, offering consumer, mortgage, and small business banking products. Competes with Liberty Bank Minnesota across overlapping products as a much larger multi-state incumbent with broader product capabilities.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat3 records

Key risks4 records

Key highlights5 records

Customer concentration

• LinkedInlinkedin.com/company/liberty-bank-minnesota

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Liberty Bank Minnesota