Freedombank is a bank based in Elkader, Iowa, established in 1903, with $440 million in total assets across 4 branches. By Trust Grade it ranks 11th of 226 banks we track in Iowa. Its capital ratio of 10.8% is stronger than 60% of similarly sized banks, versus a Iowa median of 10.2%. It was profitable over the most recent period, with a 1.32% return on assets. No consumer complaints against Freedombank appear in the CFPB database over our analysis window — common for an institution of this size and a point in its favor.
How Freedombank compares to Iowa peers
How we graded Freedombank
The Trust Grade blends financial strength with complaint history. Full methodology →
- Strongly capitalized (10.8% capital ratio)
- Strongly profitable (ROA 1.32%)
- No CFPB complaints on record
Consumer complaints (CFPB)
No CFPB complaints are on file for Freedombank over the analysis window. For a smaller institution this is common and counts in its favor.
Branch locations (4)
- 135 W Tilden St, Postville, IA 52162
- 201 W Main St, Waukon, IA 52172
- 106 S Main St, Monona, IA 52159
- 210 S Main St, Elkader, IA 52043
Are deposits at Freedombank insured?
Yes. Freedombank is an FDIC-insured bank (FDIC certificate #11767). Deposits are federally insured up to $250,000per depositor, per ownership category — regardless of this institution's Trust Grade. The grade reflects financial strength and complaint history for comparison, not the safety of insured deposits.
Freedombank: frequently asked questions
Is Freedombank a good bank?
Freedombank earns a Bankzia Trust Grade of A (98/100, "Excellent"), based on a financial-strength score of 98/100 (it has no CFPB complaints on record). Strongly capitalized (10.8% capital ratio); Strongly profitable (ROA 1.32%).
Is Freedombank FDIC-insured?
Yes. Freedombank is a FDIC-insured bank (FDIC certificate #11767). Deposits are protected up to the standard FDIC limit of $250,000 per depositor, per ownership category.
How big is Freedombank?
Freedombank holds $440 million in total assets, ranking 11th of 226 banks we track in Iowa. It operates 4 branches.
Does Freedombank have CFPB complaints?
No CFPB complaints against Freedombank appear in our data over the analysis window, which is typical for a bank of this size.
Similar Banks
Financial data from FDIC call reports; complaint data from the CFPB Consumer Complaint Database. Bankzia is an independent resource and is not affiliated with any government agency or financial institution. Figures are for general information, not financial advice.
