In 2005, LeRoy C. Darby, Inc., a bank holding company, purchased Postville State Bank. Postville State Bank became a third "sister" and operated as an independent bank until March 31, 2006. On that date, Union State Bank and Postville State Bank merged with Peoples State Bank. The result of the merger was a single bank with four operating locations which was renamed FreedomBank.
On July 5, 2007, longtime board members and bank owners, LeRoy and Colleen Darby, sold their stock to the LeRoy C. Darby, Inc. Employee Stock Ownership Plan. This purchase gives control of 91.3% of the stock to the FreedomBank employee retirement plan. Employee ownership is unique in the banking industry and entrusts the Darby family's banking legacy to the past, present and future employees of FreedomBank.
FreedomBank offers Checking Accounts, Savings Accounts, IRA Accounts, Time Certificates, Deposit Rates, FreedomClub, FreedomSavers. FreedomBank offers a variety of loan products to fit your lifestyle. Whether your financing need is personal, business or agriculture related, you will receive professional, courteous service from the banks loan officers.
Elkader Location
210 South Main Street
PO Box 830
Elkader, IA 52043
Phone: 563-245-2522
Fax: 563-245-2524
Monona Location
106 South Main Street
PO Box 607
Monona, IA 52159
Phone: 563-539-2015
Fax: 563-539-2132
Postville Location
135 West Tilden
PO Box 130
Postville, IA 52162
Phone: 563-864-7441
Fax: 563-864-7444
