The name changed, but the certificate continued
The FDIC’s institutional history records a legal-name change from Liberty Bank, Inc. to Stitch Bank, Inc. effective July 6, 2026. The same record retains certificate 26816 and the Salt Lake City address at 79 South Main Street. This is the continuation of an existing insured institution, not evidence that a newly chartered bank began from nothing in July. [1]
The record reaches back much further. It identifies First Thrift and Loan as the institution established November 5, 1956, a name change to Liberty Financial Corporation in June 1988, and adoption of Liberty Bank, Inc. in June 1994. It also records a 2024 move from South 500 East to South Main Street. These dated regulatory events establish continuity without requiring an assumption about the motives behind each reorganization. [1]
The public website has not caught up with the legal name
The October 2, 2026 FDIC institution index lists Stitch Bank as active and still points to libertybankofutah.com as its website. When reviewed for this article, that site continued to identify itself as Liberty Bank. Its contact page gives the same South Main Street address, with Suite 400, and the same Salt Lake City location. The agreement between the regulatory certificate, address and linked website is why the two names are treated as one bank here. [2][3]
The older Utah DFI directory also lists Liberty Bank among its state-chartered banks. It is not listed in the industrial-bank section. That older label needs to be read alongside the newer FDIC legal-name event, rather than used to create an additional Liberty entry in a current Utah inventory. It is also distinct from unrelated banks using Liberty in other states and from companies that happen to use the word Stitch. [1][4]
The visible offering centers on savings
The retained website describes money-market accounts, certificates of deposit and interest-bearing savings, and presents the business as a local Salt Lake City bank serving residents since 1956. Its deposit page emphasizes different saving periods and access needs: a term deposit has a maturity, while the money-market description emphasizes more flexible access. Those are the products being advertised on the reviewed pages, not confirmation that every product is accepting new customers under new Stitch-branded terms. [5]
The website includes account minimums and withdrawal language, but the reviewed pages do not clearly explain the July name change or provide a dated new-brand product announcement. This profile therefore does not turn the old promotional text into a claim about a newly launched digital, payments or lending platform. The public evidence is sufficient to identify the bank and its visible deposit offering; it is thinner on the new name’s business plan. [2][3][5]
The last pre-rename return describes a very small balance sheet
At June 30, 2026, the FDIC financial return still carried the Liberty Bank name. It reported $11.435 million in assets, $7.222 million in deposits and $3.939 million in equity capital. Net income for the first six months was a loss of $715,000. These figures precede the July legal-name change, so they are not a measure of results delivered by a later Stitch strategy. [6]
The same return reported zero net loans and leases and zero balances in the requested real-estate, commercial-and-industrial and consumer-loan fields. and net loan were also zero in that snapshot and year-to-date reporting. That establishes the reported lending position at that date; it does not establish that the bank has never made loans, that every asset is cash, or that future lending has been ruled out. The asset and deposit totals also should not be read as a valuation of the business. [6]
What is established, and what remains undisclosed
The documented story is one of a longstanding small Utah institution moving through several legal names, most recently from Liberty to Stitch. Its current FDIC status and certificate are clear; the legacy website and June financial return provide a limited view of its products and scale. The reviewed public materials do not establish a completed ownership transaction, a new controlling investor, a new management roster or the scope and launch date of any new fintech strategy. Those gaps are left explicit rather than filled with similarly named companies or social-profile claims. [1][2][3][6]
A dedicated bank profile can therefore preserve both the verified identity and the limits of the evidence. Future disclosures may explain why the name changed and how the bank will operate, but the July name event alone does not demonstrate a change in lending, deposit pricing or customer outcomes. [1][2]
Sources
- FDIC institution history for certificate 26816; July 6, 2026 legal-name change and earlier events; retrieved October 6Official sourceBack to text: ↑1↑2↑3↑4↑5
- FDIC active Utah-headquartered institutions, October 2, 2026 index; retrieved October 6Official sourceBack to text: ↑1↑2↑3↑4
- Legacy Liberty Bank contact page linked by FDIC, reviewed October 6, 2026SourceBack to text: ↑1↑2↑3
- Utah DFI directory workbook, older Liberty Bank state-charter entryOfficial sourceBack to text: ↑
- Legacy Liberty Bank deposit descriptions, undated; reviewed October 6, 2026SourceBack to text: ↑1↑2
- FDIC bank financials, June 30, 2026; dollar fields in thousands, income and net charge-offs year to date; retrieved October 6Official sourceBack to text: ↑1↑2↑3