|
Our Company
American Bancor, Ltd.
American Bancor, Ltd. a North Dakota bank holding company, located at 46 – 1st St. West in Dickinson, is a banking organization that includes two North Dakota-chartered banks and two financial service subsidiary companies. The financial services partners of American Bancor, Ltd. provide banking, investments, trust, and insurance.
American Bancor, Ltd. provides support services in the following areas for all of its business partners:
- Administrative/Finance
- Human Resources
- Audit/Compliance
- Information Systems
- Two North Dakota-based banks: American Bank Center, with offices in Bismarck, Dickinson, Killdeer, Minot and New England; and Scandia American Bank & Trust, Stanley
- American Trust Center located in Bismarck, Dickinson and Minot.
- American Insurance Center located in Bismarck, Dickinson, Jamestown, Minot, Stanley, ND and Lemmon, SD
American Bancor, Ltd. was formed November 15, 1976. Its main assets were American State Bank of Dickinson and Citizens State Bank of New England. In 1984, American Bancor, Ltd. (known then as United Bancor) included the assets of American State Bank of Dickinson, Bank of Killdeer, and Citizens State Bank in New England. The American State Bank was granted trust powers in 1983 and changed its name to American State Bank and Trust of Dickinson. The banks of Killdeer and New England merged with American State Bank and Trust of Dickinson in 1988. At this time, the holding company consisted of one bank with three locations and a trust department.
Bismarck BancShares (parent company of Bank Center First) of Bismarck merged with American Bancor, Ltd January 7, 2002 .
In February 2006, United Bancor, Ltd. changed its name to American Bancor, Ltd. to present a common theme and identity for its family of companies.
As of December 31, 2008 American Bancor, Ltd. owned three banks with footings over $500 Million, a trust company managing over $285 Million in assets, and an insurance agency offering commercial, personal, life and farm/ranch lines.
Two North Dakota-based Banks
American Bank Center has always been a locally owned bank tracing its history back to the Citizen State Bank of New England, chartered in 1909. American Bank Center has offices in Bismarck, Dickinson, Killdeer, Minot and New England.
American Bank Center in Bismarck opened its first office at 1101 East Interstate Avenue in December of 1977, known then as Bismarck State Bank. In order to provide services to the growing area of Bismarck and the city center, their offices expanded to Downtown Bismarck. On December 6, 1991, Bismarck State Bank announced its name change to Bank Center One. The location at 1101 East Interstate Avenue became known as the North Location and functions today as a full-service banking location as well as a branch of American Insurance Center. In July 1993 the name was officially changed to Bank Center First. In July 1994, American Bank Center opened Bismarck’s first supermarket bank located at Central Market. In May 1998, the Washington Center Office was opened at 325 West Arbor Avenue and became American Bank Center’s fourth location in Bismarck. The Federal Plaza at 324 – North 3rd Street is the newest location in Bismarck housing the real estate mortgage department. On September 1, 2006, Bank Center First changed its name to American Bank Center.
The Citizen State Bank of New England was the flagship bank of the American State Bank of Dickinson, incorporated in 1963. The Bank of Killdeer was acquired in 1977. The charters of these three banks were merged in 1987 as American State Bank & Trust of Dickinson with offices in New England and Killdeer. Today the main office is located in downtown Dickinson. Other offices are located in north Dickinson, Killdeer, Minot and New England. American State Bank & Trust of Dickinson officially changed its name to American Bank Center effective September 1, 2006.
As of April 17, 2009, the operations of the Bismarck and Dickinson banks were combined for greater efficiency in processing daily banking items.
In addition to offering retail, commercial, and mortgage banking services, American Bank Center currently has two subsidiaries - American Insurance Center provides a full line of personal and business insurance products. American Trust Center offers a full array of trust products and services.
Scandia American Bank & Trust
The Scandia American Bank was chartered in March 1910 as one of the first banks in Mountrail County. In 1933 the bank moved from Palermo to Stanley which had been without a bank for some time. This proved to be a turning point in the bank’s operations as it was the only bank out of 40 some chartered in Mountrail County that survived the twenties and depression without merging or closing. A new bank building was constructed in Stanley in 1960 and again in 1981 where they remain today. American Bancor, Ltd. acquired Scandia American Bank & Trust in January 2005. The Scandia American Bank & Trust is slated to celebrate their 100th Anniversary in 2010.
Financial Service Partners
American Trust Center
American Trust Center has offices in American Bank Center in Dickinson, Bismarck and Minot. Trust powers were granted in July 1983 as a trust department of American State Bank & Trust of Dickinson. In 2002, Trust Center of America was purchased by American Bank Center – Bismarck. In 2003, the trust department of American State Bank & Trust and Trust Center of America merged and changed its name to American Trust Center. Trust services are about planning for the future. Whether customer needs lie in retirement planning, investment management, personal trust administration or estate planning, American Trust Center has the professionals and expertise to help. Trust Services enhance the customer service opportunity for Individual Retirement Accounts (IRA’s), Foundations, Employer Sponsored Retirement and 401(k) Plans.
Not insured by FDIC.
American Insurance Center
American Insurance Center is a Trusted Choice agency. As such, we offer you a broad selection of insurance policies, companies and financial services. We will work with you to identify the products and services that are right for you, your family and your business and use our access to multiple companies to deliver the most suitable products.
American Insurance Center has been selected as one of four Premier Partners with Dakota Fire Insurance in the state of North Dakota based on volume, retention, and loss experience.
Rural Community Insurance Services (RCIS) has awarded American Insurance Center the Platinum Sales Recognition award. Platinum is the highest level that can be achieved.
Not insured by FDIC. Insurance product or annuity is not a deposit or other obligation of, or guaranteed by, the bank. Subject to investment risk including the possible loss of value.
|
