Libertad Bank Adds New Directors as Growth Accelerates - Doubles in size during first eight months of 2007

Libertad Bank SSB, a Texas State Savings Bank, today announced that Gus Garcia has joined its Board of Directors. Mr. Garcia is the former Mayor of the City of Austin, Texas, where he also held other elected public offices including; Council Member of the City of Austin, President of the Austin Independent School District, President of Austin Community College Board, and Trustee of the Austin Independent School District and Austin Community College Board. Mr. Garcia is well recognized throughout Central-Texas for his long and distinguished public service career, his numerous professional accomplishments, and his dedication to helping the Hispanic community.

“Libertad Bank fills a critical need in our community,” said Gus Garcia, member of Libertad Bank’s Board of Directors. “It has proven that it is possible for a bank to succeed by serving both the commercial needs of small businesses and the unique needs of the Hispanic Community.”

In addition to Mr. Garcia, Rudy Colmenero, Partner in Mitchell & Colmenero LLP; Gilbert Martinez, Partner in Martinez & Sons Builders Inc. and owner of Ben White Florist; and Marvin Melson, retired past President, CEO and Director of National Bancshares Corporation, have also joined the Libertad Bank Board of Directors.

“This is an exciting time for Libertad Bank. In addition to adding the wealth of experience and relationships our new board members bring, we are experiencing tremendous growth,” said Ricardo Chapa, CEO and President of Libertad Bank. “Our ability to serve the members of our community as well as small business owners and their Spanish speaking employees and customers has served as a significant competitive advantage in this market.”

Libertad Bank has more than doubled in size during the first eight months of 2007, growing from $13 million in assets at the beginning of the year to over $28 million in assets.

“Our rapid growth has validated our business model and the value our unique products and services bring to this community,” said Erik Beguin, Executive Vice President and Founder of the bank. “Just a year and a half after opening our first retail branch we add close to a hundred new accounts a month and are rapidly approaching profitability.”

About Libertad Bank

Libertad Bank SSB is a FDIC insured Texas State Savings Bank with over $28 million in assets that is committed to growing the wealth of the communities it serves, including the fast growing Hispanic community in Central-Texas. Headquartered in Austin, Texas, Libertad Bank SSB is the first and only community bank in Central-Texas to provide innovative and differentiated financial products and services to meet the unique needs of the Hispanic community as well as full-service community banking including residential mortgages and commercial banking services to the general market. Libertad offers its financial services in a comfortable and welcoming atmosphere from a friendly staff that is fluently bilingual in Spanish and English. The Bank’s products and services include traditional commercial banking and residential mortgage services, free international money transfers for account holders, remote deposit over the Internet, and mortgages specifically designed for immigrant and first-time home buyers.

www.LibertadBank.com (English)
www.BancoLibertad.com (Espanol)

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