We’re celebrating one hundred years of serving Utah communities. Each month one of our 13 branches will be spotlighted. You can read a little bit about the history of Bank of American Fork below, with a history of the spotlighted branch. For a deeper history and to view photos visit here and select “downloads”.
Bank of American Fork was established in 1913 as The People’s State Bank of American Fork. The first two decades after opening brought success for the bank and its reputation for being safe and sound was solidified. Challenges came in 1932, when the People’s State Bank of American Fork closed its doors to prevent a run on deposits. While a third of the nation’s banks did the same and never reopened, the People’s State Bank was open for business nine months later after tremendous sacrifice on the part of its management. The 1940s and ‘50s were better years for banking, and the People’s State Bank of American Fork thrived. In the 1960s the name was shortened to Bank of American Fork and proved itself a technological leader when it made a large investment in upgrading to advanced computerized systems. In the ‘80s and ‘90s, Bank of American Fork began to receive national recognition for being safe and strong. It was during this time that the bank began strategic expansion across Utah, finding communities where Bank of American Fork fit and filled needs. Today, we are proud to be a part of 13 communities, and Utah’s community bank leader.
Alpine Branch March 8, 1974 Alpine branch opened, one of the first in Utah to provide 24-hour teller services through an ATM. Alpine and American Fork were tied socially and physically and in 1963, the bank learned that 60 percent of Alpine residents already banked with Bank of American Fork. When the Alpine branch opened, its Alpine customers were pleased that they did not need to go all the way to American Fork to deposit checks or withdraw cash, especially since the new branch was the only bank in Alpine. There were only a handful of people who worked at the Alpine branch, so everyone knew each other well. They would often organize potlucks or bring a platter of something to share, which fostered good relationships among employees. Bank of American Fork started in 1913 by investing in its community. Now the bank began extending that to the community it was serving in Alpine, by loaning money to Alpine city to improve the local water system and funding other commercial loans to fix wells, open grocery stores and other family-owned and local businesses.
See the spotlights for American Fork, Alpine, Orem, Highland, Lehi, Pleasant Grove, Spanish Fork, Draper, Sandy, Murray, Riverton and Saratoga Springs! These are in order, so only the ones listed before this spotlight are active posts. If it’s listed after this branch, you’ll just have to wait to see the new spotlight each month! You can also read about the Layton branch we opened in 2012 and our mortgage office in St. George.