Freedom Financial Bank is a bank based in West Des Moines, Iowa, established in 1999, with $270 million in total assets across 2 branches. By Trust Grade it ranks 151st of 226 banks we track in Iowa. Its capital ratio of 9.3% trails most similarly sized banks (35th percentile), versus a Iowa median of 10.2%. It was profitable over the most recent period, with a 1.23% return on assets. No consumer complaints against Freedom Financial Bank appear in the CFPB database over our analysis window — common for an institution of this size and a point in its favor.
How Freedom Financial Bank compares to Iowa peers
How we graded Freedom Financial Bank
The Trust Grade blends financial strength with complaint history. Full methodology →
- Strongly capitalized (9.3% capital ratio)
- Strongly profitable (ROA 1.23%)
- No CFPB complaints on record
Consumer complaints (CFPB)
No CFPB complaints are on file for Freedom Financial Bank over the analysis window. For a smaller institution this is common and counts in its favor.
Branch locations (2)
- 600 Martin Luther King Jr Pkwy, Des Moines, IA 50312
- 1255 Jordan Creek Pkwy, West Des Moines, IA 50266
Are deposits at Freedom Financial Bank insured?
Yes. Freedom Financial Bank is an FDIC-insured bank (FDIC certificate #35031). 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.
Freedom Financial Bank: frequently asked questions
Is Freedom Financial Bank a good bank?
Freedom Financial Bank earns a Bankzia Trust Grade of A (95/100, "Excellent"), based on a financial-strength score of 95/100 (it has no CFPB complaints on record). Strongly capitalized (9.3% capital ratio); Strongly profitable (ROA 1.23%).
Is Freedom Financial Bank FDIC-insured?
Yes. Freedom Financial Bank is a FDIC-insured bank (FDIC certificate #35031). Deposits are protected up to the standard FDIC limit of $250,000 per depositor, per ownership category.
How big is Freedom Financial Bank?
Freedom Financial Bank holds $270 million in total assets, ranking 151st of 226 banks we track in Iowa. It operates 2 branches.
Does Freedom Financial Bank have CFPB complaints?
No CFPB complaints against Freedom Financial Bank appear in our data over the analysis window, which is typical for a bank of this size.
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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.
