Putnam County Bank vs Freedom Bank, Inc.
Comparing a Bank in Hurricane, WV with a Bank in Belington, WV using federal FDIC, NCUA, and CFPB data. Trust Grades reflect financial strength and complaint history.
| Putnam County Bank ↗ Bank · Hurricane, WV · Est. 1901 | Freedom Bank, Inc. ↗ Bank · Belington, WV · Est. 1939 | |
|---|---|---|
| Trust Grade | A · 98/100 | A · 98/100 |
| Institution type | Bank | Bank |
| Location | Hurricane, WV | Belington, WV |
| Total assets | $709.8M | $420.3M |
| Capital ratio | 11.6% | 10.7% |
| Return on assets | 1.0% | 1.3% |
| Deposits | $622.8M | $371.9M |
| Branches | 5 | 10 |
| CFPB complaints | 0 | 0 |
| Complaints / $1B assets | — | — |
| State rank | #2 of 41 | #3 of 41 |
| Established | 1901 | 1939 |
Putnam County Bank
- Assets: $709.8M
- Deposits: $622.8M
- Capital ratio: 11.6%
- Return on assets: 1.0%
- CFPB complaints: 0
- State rank: #2 of 41
Freedom Bank, Inc.
- Assets: $420.3M
- Deposits: $371.9M
- Capital ratio: 10.7%
- Return on assets: 1.3%
- CFPB complaints: 0
- State rank: #3 of 41
Are both institutions federally insured?
Yes. Putnam County Bank is FDIC-insured and Freedom Bank, Inc. is FDIC-insured. Both protect deposits up to $250,000 per depositor, per ownership category, regardless of Trust Grade. The Trust Grade reflects financial strength and complaint history — not the safety of insured deposits. Estimate your coverage →
Frequently asked questions
Which is better, Putnam County Bank or Freedom Bank, Inc.?
Based on Bankzia's Trust Grade — which blends financial strength (capital ratio, ROA) with CFPB complaint history — Putnam County Bank scores higher with a grade of A (98/100). However, "better" depends on your needs: if you prioritize branch access, local service, or membership eligibility for a credit union, the lower-scoring option may still be the right choice for you.
Is Putnam County Bank safe?
Yes — Putnam County Bank is FDIC-insured, meaning deposits up to $250,000 per depositor, per ownership category are federally protected regardless of the institution's Trust Grade. Its Trust Grade is A (98/100), reflecting its financial strength and complaint history relative to peers.
Is Freedom Bank, Inc. safe?
Yes — Freedom Bank, Inc. is FDIC-insured, meaning deposits up to $250,000 per depositor, per ownership category are federally protected. Its Trust Grade is A (98/100).
What is the capital ratio of Putnam County Bank vs Freedom Bank, Inc.?
Putnam County Bank has a capital ratio of 11.6%, placing it in the top 31% of $100M–1B peers. Freedom Bank, Inc.'s ratio is 10.7%, placing it in the top 41% of $100M–1B peers. A higher capital ratio generally signals a stronger financial cushion.
How many complaints does Putnam County Bank have compared to Freedom Bank, Inc.?
The CFPB database shows 0 complaints against Putnam County Bank, and 0 complaints against Freedom Bank, Inc.. The per-$1B rate adjusts for institution size and is a more meaningful comparison metric.
How does Bankzia calculate the Trust Grade?
The Trust Grade combines a financial strength score (based on capital ratio, return on assets, and other FDIC/NCUA metrics) with a customer experience score derived from CFPB complaint data. The scores are weighted and normalized within peer groups by institution size and type. See our full methodology for details.
Compare Putnam County Bank with other Banks in West Virginia
Financial data from FDIC call reports; complaint data from the CFPB Consumer Complaint Database. Bankzia is independent and not affiliated with any government agency or financial institution.
