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436:'s Utah branches. The transaction was completed on October 6, 2017, and the five surviving Banner Bank branches began operating under the name Bank of American Fork on October 9, 2017, bringing the total number of Bank of American Fork branches to 20, and the total number of branches in the People's Intermountain Bank family to 25.
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After the stock market crash of 1929, the Bank survived with the help of Young and other shareholders who sold and mortgaged their personal property. In early 1932, Young decided to temporarily close People's State Bank instead of risking a run on the bank, as had happened to many banks across the
424:
In June 2017, People's
Intermountain Bank announced its intention to purchase Town & Country Bank of St. George. Following regulatory approval and the closing of the transaction, the Bank of American Fork St. George branch was consolidated with the Town & Country Bank St. George location,
317:
Orville
Gunther, a local businessman, had been serving on the Bank's board of directors for several years when, in the early 1960s, he purchased a controlling interest in the bank. Soon after, Gunther shortened the name of the bank by dropping "People's State" so that it became known as "Bank of
292:
in 1993. The historic building initially housed the original Bank of
American Fork that closed after the 1929 stock market crash. (The bank's historic headquarters building is significant as the only surviving bank building and the "most visually impressive" of four surviving intact historic
382:, bringing the total number of Bank of American Fork branches to 13. In 2014, Bank of American Fork opened a full-service branch in St. George. As of August 2017, Bank of American Fork had 15 branches. The bank's holding company is People's Utah Bancorp.
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On
November 13, 2019 the People's Intermountain Bank and its divisions (Bank of American Fork, Lewiston State Bank, and People's Town & Country Bank) rebranded itself as Altabank. In 2021 Altabank was acquired by
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Originally called The People's State Bank of
American Fork, it officially changed its name to Bank of American Fork in the 1960s. Decades later, the bank purchased and restored a
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Bank of
American Fork was established in 1913 as The People's State Bank of American Fork. In its early years, the bank found modest success servicing mostly sheep farmers in
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These themselves had grown by opening new branches and by acquisitions, including, in the case of Bank of
American Fork, by its acquisition of branches from
421:. As divisions of People's Intermountain Bank, Bank of American Fork and Lewiston State Bank continue operating under their traditional names and branding.
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Expansion within Utah began in the 1970s when the Bank's second branch was built in Alpine. The 1990s saw full-service branches constructed in
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In 2015, Bank of
American Fork and Lewiston State Bank merged their banking charters into one, with the existing charter named
213:. It is the second-largest bank headquartered in Utah, and has 26 branches serving businesses and individuals in the area from
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310:. Key to the bank's success was the leadership of Clifford E. Young, the Bank's manager from 1913 until the mid 1950s.
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449:. In December 2021, Terry Grant was named the next president of Altabank, replacing a retiring Len Williams.
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People's
Intermountain Bank, Bank of American Fork, Lewiston State Bank, People’s State Bank of American Fork
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756:"People's Intermountain Bank changes name to Altabank, Weave hires first chief product officer"
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626:"National Register of Historic Places Inventory/Nomination: Bank of American Fork"
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On July 27, 2017, People's
Intermountain Bank announced its intention to acquire
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691:"People's Intermountain acquires all Banner Bank branches in Utah"
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that once again serves as the bank's headquarters, October 2012
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724:"Bank of American Fork to acquire Banner Bank Utah locations"
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The bank is headquartered in American Fork, but serves the
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commercial buildings on Main Street in American Fork.)
281:. As of 2018, the bank employed about 520 people.
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346:. With the new century came new branches in the
619:
429:, a division of People's Intermountain Bank.
389:Bank of American Fork branch in southeastern
314:country. The bank re-opened later that year.
499:. American Fork, Utah: Bank of American Fork
410:, Utah. (Lewiston State Bank was founded in
197:, United States, that was formerly known as
402:In 2013, Bank of American Fork merged with
249:Bank of American Fork branch, near bank's
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659:"Bank of American Fork undergoes merger"
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844:Companies formerly listed on the Nasdaq
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425:with the surviving entity operating as
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597:"National Register Information System"
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288:constructed in 1911 and listed on the
273:with 26 locations, from St. George to
602:National Register of Historic Places
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231:People's State Bank of American Fork
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427:People's Town & Country Bank
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722:Neeley, Carissa (27 Jul 2017).
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577:. American Fork, Utah: Altabank
551:. American Fork, Utah: Altabank
469:"Alta Bank Names New President"
201:. Prior to its acquisition by
754:Porter, Carley (13 Nov 2019).
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545:"About Us: Notable Milestones"
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701:Deseret Digital Media
634:National Park Service
607:National Park Service
493:"Company Information"
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223:Bank of American Fork
207:People's Utah Bancorp
62:December 1, 1913
834:Banks based in Utah
647:accompanying photos
620:Roberts, Allen D.;
519:"Corporate Profile"
404:Lewiston State Bank
286:historical building
227:Lewiston State Bank
156:Number of employees
96:Number of locations
80:33 East Main Street
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793:. October 1, 2021.
699:. Salt Lake City:
622:Bradley, Martha S.
571:"Branch Locations"
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185:is a full-service
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789:(Press release).
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769:. Retrieved
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737:. Retrieved
729:Daily Herald
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705:. Retrieved
696:Deseret News
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673:. Retrieved
664:Daily Herald
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637:. Retrieved
629:
624:(Oct 1992).
615:
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579:. Retrieved
575:altabank.com
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553:. Retrieved
549:altabank.com
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524:November 30,
522:. Retrieved
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501:. Retrieved
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472:. Retrieved
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393:, March 2017
380:Davis County
344:Spanish Fork
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267:Cache Valley
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119:Cache Valley
77:Headquarters
434:Banner Bank
398:2013 - 2019
372:Utah Valley
366:. Later, a
308:Utah County
302:Early years
241:Description
235:Banner Bank
106:Area served
818:Categories
497:bankaf.com
453:References
271:St. George
126:Key people
115:St. George
69:1913-12-01
172:.altabank
138:president
412:Lewiston
364:Riverton
328:Highland
183:Altabank
145:Products
132:chairman
49:Industry
41:Formerly
20:Altabank
630:nps.gov
297:History
275:Preston
165:Website
67: (
59:Founded
53:Banking
771:30 Nov
739:30 Nov
707:30 Nov
675:30 Nov
639:25 Nov
581:30 Nov
555:30 Nov
503:25 Nov
474:15 Mar
376:Layton
374:and a
362:, and
360:Murray
352:Draper
342:, and
269:, and
265:, the
229:, and
211:NASDAQ
117:, and
408:Logan
356:Sandy
279:Idaho
773:2019
741:2019
709:2019
677:2019
645:and
641:2018
583:2019
557:2019
526:2019
505:2018
476:2022
391:Orem
336:Lehi
332:Orem
195:Utah
187:bank
174:.com
87:Utah
406:of
253:in
217:to
170:www
160:520
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Text is available under the Creative Commons Attribution-ShareAlike License. Additional terms may apply.
