American Bank & Trust (AB&T) has been named one of the country’s top agricultural lenders in 2024 by the Independent Community Bankers of America® (ICBA). AB&T ranks sixth on the list of community banks with over $1 billion assets.
“Our roots are right here in the Midwest where we have been working with local farmers and ranchers for more than 135 years,” said Scott Erickson, President and CEO at AB&T. “We appreciate this recognition, which is a testament to the hard work and dedication of our talented team.”
“Community banks are pillars of their communities and work hard every day to serve the unique needs of their local customers,” ICBA President and CEO Rebeca Romero Rainey said. “These top lenders should take pride in this recognition, knowing that their work makes a positive impact in helping their communities flourish.”
The full story in this month’s issue of Independent Banker includes top 20 lists for lenders in three categories and three asset-sizes. Using FDIC data for 2023, Independent Banker calculated a lender score out of 100 for each community bank. The score combines the average of the bank’s percentile rank for lending concentration and loan growth in each lending category over the past year, adjusted for loan charge-offs at certain percentile thresholds.
About American Bank & Trust
American Bank & Trust (AB&T) is a $1.7 billion asset, family-owned community bank that has served South Dakota since 1888. AB&T offers robust banking and trust services, complimented with the most recent modern technology, delivered by the finest personnel in banking in 19 locations throughout South Dakota, North Dakota and Minnesota. The freedom to create is what the Bank stands for in the culture they’ve developed and in the relationships they’ve built over generations. AB&T is committed to being a bank that energizes the imagination, empowers real people’s aspirations, and thrives on solving interesting challenges. To learn more, visit www.ABT.bank. Member FDIC.
About ICBA
The Independent Community Bankers of America® has one mission: to create and promote an environment where community banks flourish. We power the potential of the nation’s community banks through effective advocacy, education, and innovation.
As local and trusted sources of credit, America’s community banks leverage their relationship-based business model and innovative offerings to channel deposits into the neighborhoods they serve, creating jobs, fostering economic prosperity, and fueling their customers’ financial goals and dreams. For more information, visit ICBA’s website at icba.org.
