Bank · FDIC insured
Freedom Bank
A $838.3M bank headquartered in Maywood, NJ, with 5 branches in New Jersey. Best rates: CDs 4.15% and savings 1.75% APY.
Freedom Bank Carrot Score
84
Carrot Score
Higher than 66% of U.S. banks and credit unions
#59 of 161 in New York, NY-NJ metroHow the score works →
Deposits are federally insured by the FDIC up to $250,000 per depositor.
About Freedom Bank
Freedom Bank is an independent, full-service New Jersey community bank committed to serving individuals and businesses.
- Headquarters
- 99 W Essex St, Maywood, NJ 07607
- FDIC certificate
- 58712 ↗
Branches
5 branches in New Jersey
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New Jersey
5 branches
- Freedom BankMain office99 W Essex St, Maywood, NJ 07607Directions
- East Rutherford Branch150 Route 17, East Rutherford, NJ 07073Directions
- Guttenberg Branch6812 Park Ave, Guttenberg, NJ 07093Directions
- Mahwah Branch380 Route 17, Mahwah, NJ 07430Directions
- Ridgewood Branch375 Route 17, Ridgewood, NJ 07450Directions
Walk-in offices from the FDIC directory as of September 4, 2026. Directions open Google Maps. A nearby branch doesn’t mean you can join or open an account.
Financial details
| Measure | This bank | Peers’ middle | Strongest quarter |
|---|---|---|---|
| CapitalLeverage ratio | 9.78% | 10.98% | 13.00% or more |
| Troubled loansNoncurrent | 0.28% | 0.42% | 0.09% or less |
| ProfitabilityReturn on assets | 0.89% | 1.24% | 1.68% or more |
| LendingLoans per $100 deposited | $104 | $81 | — |
- CapitalLeverage ratio9.78%Peers’ middle 10.98% · Top 25% 13.00%+
- Troubled loansNoncurrent0.28%Peers’ middle 0.42% · Top 25% ≤0.09%
- ProfitabilityReturn on assets0.89%Peers’ middle 1.24% · Top 25% 1.68%+
- LendingLoans per $100 deposited$104Peers’ middle $81
Compared with the 2,650 banks with $100 million to $1 billion in assets. The strongest quarter is what the best 25% of them reach: more capital and profit, fewer troubled loans. Lending has no better end.Troubled loans are noncurrent: 90 or more days late, or no longer earning interest.
Regulators’ own ratings of Freedom Bank are confidential. These figures are what it reports to the FDIC each quarter, set beside its peers; they aren’t a rating.