Member Spotlight

 

June Member Spotlight — Libertyville Savings Bank

The Fairfield Area Chamber of Commerce is proud to recognize Libertyville Savings Bank as our June Member Spotlight.

For 125 years, Libertyville Savings Bank has quietly woven itself into the fabric of Southeast Iowa communities. What began in 1901 as a small hometown bank in Libertyville, Iowa, founded by a group of local farmers and businessmen pooling together their resources, has grown into a trusted community institution serving families, businesses, farms, and organizations across the region.

Today, with six locations, nearly 50 employees, and generations of customer relationships, Libertyville Savings Bank continues to prove that community banking is about far more than transactions. It is about relationships, trust, investment, and people.

  

Rooted in Community

Long before “community involvement” became a business buzzword, Libertyville Savings Bank was already living it out daily.

From supporting local schools and youth activities to volunteering on community boards and committees, the team at LSB believes strong communities create strong futures. Employees collectively contribute more than 600 volunteer hours each year, while the bank donates more than $150,000 annually to local organizations and causes.

That investment reaches every corner of the communities they serve. Staff members are parents cheering in the bleachers, volunteers organizing events, board members helping guide nonprofits, and neighbors showing up when support is needed most.

Marketing Director Colby Deao shared that connection is what makes local banking meaningful.

“Being a local bank means we are connected on many levels to the communities that we serve. Our staff members reside in these communities, their kids go to the schools, and are involved in sports, 4-H, and the fine arts. It is our great passion to see each one of our communities flourish.”

That sense of pride and purpose can be felt the moment someone walks through the doors.

  

A Legacy Built on Relationships

Much of Libertyville Savings Bank’s story has been shaped by the Stump family.

In 1960, Robert “Bob” Stump joined the bank after being recruited away from the local elevator. Just one year later, at only 28 years old, he was unexpectedly promoted to lead the bank after the departure of then-president Gene Buerkens.

Over the decades, Bob helped guide the institution through tremendous growth while holding tightly to the values that mattered most. In 1980 he gained majority interest in the bank, and by 1995 the Stump family became full owners. Today, Libertyville Savings Bank remains family and employee owned and operated.

Bob’s daughters Jill, Laura and Amber have continued the same principles he instilled over the years and a strong succession plan continues with CEO Ryan Troutman, COO Jennifer Martin, and CFO Miles Gaston.

Those principles are simple but powerful: confidentiality, integrity, customer service, and creating a workplace culture where employees feel valued and celebrated.

Creating a Workplace That Feels Like Family

Culture is often talked about in business. At Libertyville Savings Bank, it is something intentionally practiced.

Employees describe the organization as a family, not simply because of ownership, but because of how people are treated. The leadership team has worked hard to create an environment where staff members feel supported, appreciated, and empowered to grow.

That culture has not gone unnoticed.

Libertyville Savings Bank has earned recognition as a Top Iowa Workplace for 12 consecutive years and recently placed third in the small business division while also receiving recognition for community involvement.

The recognition reflects what many in Southeast Iowa already know. Businesses thrive when they genuinely care about both their employees and their communities.

Growing Alongside Southeast Iowa

As the region evolved, so did Libertyville Savings Bank.

In 1996, the bank moved its charter to Fairfield and began construction on its Fairfield location, initially operating out of a temporary mobile unit before opening the permanent building in 1997. Since then, the Fairfield office has expanded multiple times, creating additional office space, jobs, and opportunities.

Additional branches later opened in Eldon, Keosauqua, Keota, and Douds, helping extend the bank’s community-focused approach throughout Southeast Iowa.

Even through growth, the mission has remained steady. Customers are treated like neighbors because they are neighbors. Many relationships now span multiple generations, with families trusting LSB for both personal and business banking year after year.

  

Celebrating 125 Years of Gratitude

As Libertyville Savings Bank celebrates 125 years in business, one word continues to rise to the surface: gratitude.

Gratitude for the customers who have trusted them across generations. Gratitude for employees who have helped shape the culture and success of the organization. Gratitude for the communities that continue to support local banking and local relationships.

That gratitude is visible not only in what Libertyville Savings Bank says, but in how they continue to show up every day across Southeast Iowa.

The Fairfield Area Chamber of Commerce is proud to celebrate Libertyville Savings Bank for their longstanding commitment to community, leadership, service, and local impact. Their story is a reminder that businesses can succeed while still putting people first.

Community members interested in learning more about Libertyville Savings Bank can visit their Fairfield location, explore their services online, or follow along on social media to stay connected with community initiatives and local involvement. Supporting businesses like LSB helps strengthen the communities we all call home.