Nestled in the heart of East Texas, American State Bank stands as a pillar of financial stability and community support for Tyler and the surrounding region. With a rich history spanning over a century, the bank has evolved into a trusted financial institution that continues to play a crucial role in the economic and civic landscape of Tyler.
American State Bank traces its roots back to 1902, when a group of local businessmen founded the Tyler Bank & Trust Company. Over the decades, the bank has grown and adapted to meet the changing needs of the community. In 1956, it became American State Bank, reflecting its commitment to serving customers throughout the state of Texas.
American State Bank is a state-chartered bank that is FDIC-insured, assuring customers that their deposits are safe and secure. The bank's strong financial performance has earned it consistently high ratings from independent rating agencies such as Bauer Financial, which has recognized American State Bank as a "5-Star Superior" institution for over 20 years.
American State Bank offers a comprehensive suite of banking products and services to meet the diverse needs of its customers. These include:
Beyond its financial services, American State Bank is deeply involved in the Tyler community. The bank supports numerous local organizations and initiatives, including:
Customers choose American State Bank for a variety of reasons, including:
Choosing the right bank can have a profound impact on your financial well-being. Here's why banking with American State Bank matters:
Here are a few tips and tricks to help you make the most of your banking experience with American State Bank:
When banking with American State Bank, avoid these common mistakes:
Like any financial institution, American State Bank has its pros and cons. Here's a breakdown:
Pros:
Cons:
American State Bank is a trusted and reliable financial institution that has served the Tyler community for over a century. With its strong financial performance, commitment to customer service, and personalized approach to banking, American State Bank is the ideal banking partner for individuals, families, and businesses in East Texas. By choosing American State Bank, you can enjoy the peace of mind that comes with knowing your finances are in good hands.
Banking Product | Interest Rate | Term | Features |
---|---|---|---|
Checking Account | 0.01% APY | Indefinite | Free debit card, free online banking |
Savings Account | 0.05% APY | Indefinite | No minimum balance, monthly interest compounding |
Certificate of Deposit | 0.50% APY | 12 months | FDIC-insured, penalty for early withdrawal |
Bank Rating | Rating Agency | Date |
---|---|---|
5-Star Superior | Bauer Financial | December 2022 |
AA+ | Veribanc | March 2023 |
A1 | Moody's Investors Service | April 2023 |
Financial Performance Metric | Value | Date |
---|---|---|
Total Assets | $1.2 billion | December 2022 |
Net Income | $15 million | December 2022 |
Return on Assets (ROA) | 1.25% | December 2022 |
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