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.
Pleasant Grove Branch May 5, 1997 The sixth branch opened in Pleasant Grove, with support from officials who wanted to see an increase in commercial development. The Orem branch was barely keeping up with its growth and the bank soon realized it needed a new branch to alleviate traffic at the Orem branch. At the time, Pleasant Grove lacked commercial development and did not receive as much tax revenue. Officials were supportive of a new Bank of American Fork branch in Pleasant Grove to improve the situation. The Pleasant Grove branch opened just a few months after Lehi opened. Another interesting note: Later, Pleasant Grove Operations Manager Michael Miner was the first male operations manager bankwide.
Don’t forget to stop by the Pleasant Grove branch on Fridays this month and grab a cookie!