We’re celebrating one hundred years of serving Utah communities with free cookie Fridays. Each month one of our 13 branches will be spotlighted—for that month, the spotlighted branch will have free cookies in their lobby. 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.
Lehi Branch December 9, 1996 The Lehi branch opened and was staffed with employees who lived or grew up in Lehi, and interior decorators used a pioneer theme to connect to community history. Board members were eager for new branches to be a part of the communities they served, and not just a transplant branch of an American Fork bank. Before opening the Lehi branch, Steve Swenson and other bankers that were a part of the Lehi community came to Bank of American Fork, and many customers followed. The team garnered enough business to establish a branch in Lehi, and the bank purchased a commercial lot in a shopping development on Main Street. Lehi’s population doubled between 1990 and 2000 and the branch grew to outperform both the American Fork and Alpine branches in its first year.
Don’t forget to stop by the Lehi branch on Fridays in May and grab a cookie!
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.