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.
Saratoga Springs Branch December 29, 2008 The twelfth branch opened as Lehi expanded westward toward Saratoga Springs as the fastest growing community in Utah. As a result of the fast growth, traffic around the Lehi branch was becoming a concern. The branch location was originally ideal, but Lehi’s Main Street had become crowded with retail space and congested traffic. It was getting harder for customers to access the bank, especially during rush hours, some of the busiest time at the branch. Seeing a need for better access for customers and an opportunity as Lehi grew toward Saratoga Spring, Bank of American Fork purchased land there. The branch opened when there were enough loans and deposits to support it. A few years later, Pioneer Crossing opened to connect Saratoga Springs with the rest of Utah County, sky-rocketing the area’s population and increasing traffic at the Saratoga Springs branch.
Don’t forget to stop by the Saratoga Springs branch on Fridays this month and grab a cookie!