Bank · FDIC insured
Freedom Bank
A $301.2M bank headquartered in Alamo, TX, with 6 branches in Texas.
Rates
No Carrot Score yet: it needs scores for at least two of CDs, savings, auto loans and credit cards. CDs: only special-purpose accounts (IRA, youth) are published. Savings: carrot has not captured enough rates to score this yet. Auto loans: no rates found on its website. Credit cards: only rates Carrot doesn’t compare are published (introductory, refinance or business rates, or none at all).
- CDs—4.50%CD rates →
Deposits are federally insured by the FDIC up to $250,000 per depositor.
About Freedom Bank
Founded in 1957, the financial institution became Freedom Bank on January 31, 2019.
Originally First State Bank, it became Brush Country Bank in 1974 before merging with Freer State Bank in 1980.
Freedom Bank serves Duval and Hidalgo Counties in South Texas across six branch locations.
- Headquarters
- 533 N Alamo Rd, Alamo, TX 78516
- FDIC certificate
- 17881 ↗
Branches
6 branches in Texas
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Texas
6 branches
Alamo area · 1
- Freedom BankMain office533 N Alamo Rd, Alamo, TX 78516Directions
Edinburg area · 1
- Edinburg North Branch4120 N Interstate 69c, Edinburg, TX 78542Directions
Freer area · 1
- Freer Branch405 S. Norton, Freer, TX 78357Directions
McAllen area · 1
- Mcallen Office Branch1301 E Nolana Ave, McAllen, TX 78504Directions
Mission area · 1
- Mission Branch800 E Tom Landry St, Mission, TX 78572Directions
San Diego area · 1
- San Diego Branch511 E Gravis St, San Diego, TX 78384Directions
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 | 12.15% | 10.98% | 13.00% or more |
| Troubled loansNoncurrent | 0.17% | 0.42% | 0.09% or less |
| ProfitabilityReturn on assets | 1.21% | 1.24% | 1.68% or more |
| LendingLoans per $100 deposited | $70 | $81 | — |
- CapitalLeverage ratio12.15%Peers’ middle 10.98% · Top 25% 13.00%+
- Troubled loansNoncurrent0.17%Peers’ middle 0.42% · Top 25% ≤0.09%
- ProfitabilityReturn on assets1.21%Peers’ middle 1.24% · Top 25% 1.68%+
- LendingLoans per $100 deposited$70Peers’ 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.