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.
Spanish Fork Branch June 1997 The seventh branch opened as a loan-production office in a leased office space in June 1997. On March 30, 1998 the office opened as a full-branch, and then moved into its new, permanent building on April 19, 1999. Spanish Fork was a small community that was not experiencing nearly the population growth as Lehi, Highland and Pleasant Grove. But its neighbor, Springville, had been developing steadily over the decades, and board members saw Spanish Fork as the next corridor for development. Spanish Fork was far enough from any other branch location that few of its residents were Bank of American Fork customers, but close enough that many were aware of the community bank. The branch is now run by Branch Manager Bill Beck and Operations Manager Lorraine Dedrickson, who, combined, have over 50 years of banking experience.
Don’t forget to stop by the Spanish Fork branch on Fridays this month and grab a cookie! For the full parade and community appreciation day schedule, see here!