Freedom Bank is a bank based in Maywood, New Jersey, established in 2008, with $856 million in total assets across 5 branches. By Trust Grade it ranks 24th of 50 banks we track in New Jersey. Its capital ratio of 9.5% trails most similarly sized banks (38th percentile), versus a New Jersey median of 11.3%. It was profitable over the most recent period, with a 0.79% return on assets. No consumer complaints against Freedom 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 Bank compares to New Jersey peers
How we graded Freedom Bank
The Trust Grade blends financial strength with complaint history. Full methodology →
- Strongly capitalized (9.5% capital ratio)
- Profitable (ROA 0.79%)
- No CFPB complaints on record
Consumer complaints (CFPB)
No CFPB complaints are on file for Freedom Bank over the analysis window. For a smaller institution this is common and counts in its favor.
Branch locations (5)
- 99 W Essex St, Maywood, NJ 07607
- 6812 Park Ave, Guttenberg, NJ 07093
- 375 Route 17, Ridgewood, NJ 07450
- 380 Route 17, Mahwah, NJ 07430
- 150 Route 17, East Rutherford, NJ 07073
Are deposits at Freedom Bank insured?
Yes. Freedom Bank is an FDIC-insured bank (FDIC certificate #58712). 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 Bank: frequently asked questions
Is Freedom Bank a good bank?
Freedom Bank earns a Bankzia Trust Grade of A (94/100, "Excellent"), based on a financial-strength score of 94/100 (it has no CFPB complaints on record). Strongly capitalized (9.5% capital ratio); Profitable (ROA 0.79%).
Is Freedom Bank FDIC-insured?
Yes. Freedom Bank is a FDIC-insured bank (FDIC certificate #58712). Deposits are protected up to the standard FDIC limit of $250,000 per depositor, per ownership category.
How big is Freedom Bank?
Freedom Bank holds $856 million in total assets, ranking 24th of 50 banks we track in New Jersey. It operates 5 branches.
Does Freedom Bank have CFPB complaints?
No CFPB complaints against Freedom Bank 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.
