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August 30, 2015 10:20 AM ET

Banks

Company Overview of First Liberty Bank & Trust

Company Overview

First Liberty Bank & Trust was acquired by Community Bank, N.A. First Liberty Bank & Trust provides personal, business, and government banking services. Its personal banking services include electronic banking, checking accounts, savings, certificates of deposits, money market accounts, loans, and lines of credit; business banking services include business checking, investors money market for business, business loans, and cash management; and government banking services include deposits and borrowings. The bank also offers community investment services, as well as trust services, including estate settlement, personal trusts, investment management, and custodial services. First Liberty Bank &...

645 Washington Avenue

Jermyn, PA 18433

United States

Founded in 1902

Phone:

570-489-4721

Fax:

570-489-1889

Key Executives for First Liberty Bank & Trust

First Liberty Bank & Trust does not have any Key Executives recorded.

First Liberty Bank & Trust Key Developments

First Liberty Bank & Trust to Pay $2.5 Million to Settle Debit Card Suit

First Liberty Bank & Trust agreed to pay $2.5 million to settle a lawsuit over alleged manipulation of debit card transactions. The lawsuit claimed that First Liberty did not post transactions in chronological order. Instead, the bank posted the transaction with the highest dollar amount first. William and April Johnson, customers of the bank in its branch in Jermyn, filed the suit in 2012. Attorney Jeffrey Ostrow also filed a suit challenging First Liberty's policy in connection with multiple one-day debit card transactions. The 48,976 members of the class-action suit were charged by First Liberty with overdraft fees between July 20, 2006, and Aug. 15, 2010. The proposed settlement, which includes First Liberty continuing the current policy of posting lowest amount first to the high for a minimum of two years, was reached by the company in June and has been approved by District Jude Robert Mariani, who is set to decide on the case's final settlement on Nov. 12.

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Recent Private Companies Transactions

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