What American Bank & Trust does

American Bank & Trust is a privately held, FDIC-insured, South Dakota state-chartered community bank founded in 1893 in Alpena, South Dakota. The bank operates 21 branches concentrated in South Dakota with extensions into North Dakota (Lisbon) and a market presence in Worthington. It serves individuals and families, small and medium businesses, and agricultural operations including farms and ranches across the rural Midwest, with dedicated market presidents and ag lending specialists embedded in each territory.

The bank operates a full-service, multi-product platform spanning personal checking, savings, debit and credit cards, personal and auto loans; business checking, treasury management (ACH/Check Positive Pay, remote deposit, wire, merchant services, Visa Purchasing Card); agricultural loans and crop and livestock insurance; mortgage products (conventional, FHA, VA, USDA, jumbo, ARM, construction, HELOC, bridge, lot); and trust and wealth management services including estate planning and brokerage through LPL Financial. Core technology is standard commercial banking infrastructure: iOS and Android mobile apps, an online banking portal, Zelle P2P payments, and Apple Pay/Google Pay wallet integration. Credit card issuance is operated through a partnership with Elan Financial Services under Visa and Mastercard licenses, and the bank extends surcharge-free ATM access via Allpoint (90,000+ locations) and MoneyPass networks.

Revenue is generated through four primary streams: net interest income from loans across consumer, mortgage, commercial, and ag portfolios; transactional fee income (overdraft, ATM, wire, account maintenance); managed-services revenue from trust and wealth management; and credit card interchange. Go-to-market is relationship-led with a direct-to-consumer community banking motion supported by sales-led outreach to agricultural and business customers. The bank differentiates on local decision-making, 130+ years of regional operating history, a 61-consecutive-quarter BauerFinancial 5-Star Rating, and community reinvestment including over $218,000 in donations to local schools through its Spirit Card program over a decade.

Name

American Bank & Trust

Legal name

American Bank & Trust

Website

https://abt.bank

Company type

Private

Founded year

1893

Operating status

Operating

Headcount range

101–250 employees

Short description

American Bank & Trust is a privately held, South Dakota-chartered community bank operating 21 branches across South Dakota and North Dakota, serving individuals, small businesses, and agricultural operations with checking, lending, mortgage, treasury, and wealth management services.

Ownership category

akta.pro rank

Product category

Community Banking

NAICS

Commercial Banking (522110), Commercial Banking (52211), Savings Institutions and Other Depository Credit Intermediation (522180)

SIC

State Commercial Banks (6022)

akta.pro primary industry

Mutual Savings Banks & Mutual Thrifts (FSABAEAD)

akta.pro secondary industries

Mass-Market Consumer Deposit Banking (Checking/Savings) (FSABAAAA), Bank & Credit Union Personal Loans (Unsecured Installment) (FSAKAAAL)

Keywords

• Community banking services
• Agricultural lending
• Mortgage financing
• Wealth management services
• Treasury management solutions

Headquarters

HQ city

Pierre

HQ country

United States

HQ region

North America

Offices18 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Infrastructure, Technology or R&D, Marketing or Sales, Others

Revenue model

1. Interest Income: Primary revenue from interest earned on loans including mortgages, personal loans, business loans, and agricultural loans. Interest rate spreads between deposits and lending products form the core earnings.
2. Fee Income: Various banking fees including account maintenance fees, ATM fees (for out-of-network usage), overdraft fees, wire transfer fees, and merchant services revenue from business customers.
3. Wealth Management & Trust Services: Trust and wealth management services including investment management, estate planning, and financial planning. Revenues from advisory fees and investment product referrals.
4. Credit Card Interchange: Revenue sharing from credit card program operated in partnership with Elan Financial Services. Debit card transaction interchange fees.

Pricing tiers

Go-to-market motion2 records

Distribution channels5 records

Marketing channels8 records

Core offering

American Bank & Trust is a community bank that accepts deposits and extends credit across personal, business, agricultural, and mortgage lending, while also providing treasury management and trust/wealth management services. Its deposit franchise includes checking, savings, money market, CDs, IRAs, and HSAs, and its lending portfolio spans consumer, commercial, agricultural, and home mortgage products. Banking is delivered through 21 South Dakota branches (plus a North Dakota market), supported by iOS/Android mobile apps, online banking, and a 90,000+ surcharge-free ATM network.

Product overview

American Bank & Trust is a community bank offering a comprehensive, unified banking platform with multiple product categories spanning personal, business, agricultural, mortgage, and wealth management services. The core banking products include checking and savings accounts, credit cards issued through Elan Financial Services (Visa and Mastercard), and personal/business loans. Treasury management services (Business Solutions +PLUS) and agricultural lending form key add-on modules. Wealth management includes trust services, investment services through LPL, and Medicare planning. Mortgage products encompass conventional, FHA, VA, jumbo, and construction loans plus HELOCs. Digital banking services include mobile apps for iOS/Android and online banking portals. The bank differentiates through surcharge-free ATM networks (Allpoint, MoneyPass), P2P payments (Zelle), and debit card rewards programs (Relationship Rewards, Buzz Points).

Differentiator

Problem solved

Functional benefit

Products and services

• Personal Checking Personal checking account offering features such as free online banking, mobile banking access, and direct deposit capabilities, available in Totally Free Checking, Relationship Checking, and High Interest Checking tiers.
• Personal Savings Savings products for personal banking customers including the AB&T Savings Account and AB&T Money Market Account.
• Personal Debit Cards Visa debit cards for personal accounts with Relationship Rewards points, surcharge-free ATM access through Allpoint and MoneyPass, and Spirit Card school-pride card variants.
• Personal Loans Personal lending products including personal loans, personal lines of credit, and auto/RV loans with competitive rates and free pre-approvals.
• Credit Cards Consumer credit cards issued through Elan Financial Services under Visa and Mastercard licenses, featuring zero fraud liability, mobile purchasing capability, and 24/7 cardmember service.
• Certificate of Deposit (CD) and IRA-CD Fixed-rate savings products including IRA-CDs with terms ranging from 6 months to 47 months, with current promotional rates up to 3.80% APY and FlexAdvantage penalty-free withdrawal options on 12- and 18-month terms.
• Individual Retirement Account (IRA) Retirement savings accounts including Traditional and Roth IRA options with tax-advantaged growth.
• Health Savings Account Tax-advantaged healthcare savings account for individuals with high-deductible health plans.
• Business Checking Business checking accounts including Totally Free Business Checking, Business Interest Checking, and Non-profit & Organization Checking options with features varying by account type.
• Business Savings Business savings accounts and Certificates of Deposit for business customers.
• Business Debit Cards Debit card services for business accounts with check fraud protection and cash management features.
• Business Loans Commercial lending solutions including term loans and lines of credit for business growth and operations.
• Business Credit Cards Credit card solutions for business expenses issued through Elan Financial Services.
• Agricultural Loans Agricultural lending products tailored for farming and ranching operations including crop financing and equipment loans, supported by dedicated Ag Business Bankers.
• Crop and Livestock Insurance Farm risk management products including Pasture, Rangeland & Forage (PRF) Rainfall Index policies and Livestock Risk Protection insurance, provided in-house by the bank's crop insurance team.
• Conventional Mortgage Loan Standard mortgage financing not insured by government agencies, offered with competitive rates for qualified borrowers through local mortgage loan officers.
• FHA Loan Government-backed mortgage insured by the Federal Housing Administration with lower down payment requirements.
• VA Loan Veterans Affairs-guaranteed mortgage for eligible service members with favorable terms.
• Jumbo Loan Mortgage financing for loan amounts exceeding conforming loan limits.
• ARM Loan Adjustable Rate Mortgage products including 5/6 ARM and 7/6 ARM with initial fixed-rate periods followed by rate adjustments.
• Home Equity Loan Fixed-rate loan using home equity as collateral for one-time borrowing needs.
• Home Equity Line of Credit (HELOC) Revolving credit line secured by home equity providing flexible access to funds.
• Construction Loan Financing for new home construction, including the All-In-One Construction Loan combining land, construction, and permanent financing into one product.
• Bridge Loan Short-term financing option for borrowers purchasing a new home before selling their current property.
• Lot Loan Financing for purchasing residential land or lots for future home construction.
• Rural Development Loan USDA-backed mortgage program for properties in eligible rural areas with zero down payment option.
• First Time Homebuyer Program (SDHDA) South Dakota Housing Development Authority program providing down payment assistance for first-time homebuyers.
• Trust and Wealth Management Services Professional trust services including revocable living trusts, estate planning, and investment management delivered by dedicated trust officers.
• AB&T Investment Services Investment services and brokerage offered through LPL Financial for stocks, bonds, mutual funds, and managed accounts, accessed via the My Investments (LPL) portal.
• Merchant Services Payment processing solutions enabling businesses to accept credit and debit card transactions.
• Wire Transfer Services Domestic and international wire transfer services for business and personal customers.

Quantifiable outcome

• Over $218,794 in donations to local schools through Spirit Card Program over 10 years
• +4 more outcomes

Segments5 records

Ideal customer profiles5 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration12 records

Partnerships

Six partnerships are on record, tiered core and minor.

• AllpointcoreTechnology or IntegrationPartnership with Allpoint network provides customers access to America's largest surcharge-free ATM network with 90,000+ locations including popular retailers like 7-Eleven, Costco, and Walgreens. Customers can use Allpoint ATM locator app for iPhone or Android to find nearby surcharge-free ATMs.
• MoneyPasscoreTechnology or IntegrationPartnership with MoneyPass network provides surcharge-free ATM access at over 2,000 Walmart MoneyCenter Express machines. AB&T Visa debit cardholders can access these machines for free.
• Elan Financial ServicescoreTechnology or IntegrationCredit card program partner. Elan Financial Services is the creditor and issuer of AB&T credit cards pursuant to licenses from Visa U.S.A. Inc. and Mastercard International Incorporated. Elan provides 24/7 cardmember service and zero fraud liability protection.
• Visa U.S.A. Inc.coreTechnology or IntegrationLicensing partner for credit card issuance. Visa cards are accepted at millions of locations worldwide with mobile purchasing capability.
• Mastercard International IncorporatedcoreTechnology or IntegrationLicensing partner for credit card issuance. Mastercard provides global acceptance and brand infrastructure for AB&T card products.
• South Dakota Bankers FoundationminorStrategic or Co-development PartnerPartnership with South Dakota Bankers Foundation to provide scholarships to graduating high school seniors from eastern South Dakota. Awards $500-$1,000 scholarships annually to support future banking professionals.

Scale indicators7 records

Recent moves12 records

Expansion highlights6 records

Direct peers

• First Dakota National Bank: South Dakota-headquartered community bank with a similar mix of personal, business, ag, and mortgage banking across multiple SD markets. Closely comparable in geography, product breadth, and ag-lending emphasis to American Bank & Trust.
• Dacotah Bank: Regional community bank headquartered in Aberdeen, SD with branches across North Dakota and South Dakota. Similar ag-focused lending franchise and community-bank operating model serving the same Upper Midwest geography.
• Great Plains National Bank: South Dakota community bank providing personal, business, ag, and mortgage lending in similar rural Midwest markets. Directly comparable in scale, customer segments, and product set to AB&T.
• Heartland State Bank: Community bank serving small towns and ag customers in the Upper Midwest with deposit, lending, and treasury services. Closely mirrors AB&T's community-bank, ag-focused business model.
• CorTrust Bank: South Dakota-based community bank operating a multi-branch network with personal, business, and mortgage products. Comparable geographic footprint and customer mix to American Bank & Trust.

Regional players

• Bell Bank: Employee-owned regional bank headquartered in Fargo, ND with significant presence across the Dakotas and Upper Midwest. Operates a similar full-service community banking model but at a larger, multi-state scale.
• Black Hills Federal Credit Union: Member-owned cooperative depository institution serving western South Dakota with personal banking, lending, and ag-adjacent services. Competes with AB&T for the same regional deposit and consumer loan customers.

Broad incumbents

• U.S. Bank: Large national bank with a meaningful branch and commercial banking presence across South Dakota. Competes with AB&T for personal, business, ag, and mortgage customers but operates as part of a much broader national portfolio.
• Wells Fargo: Top-five US bank with retail and commercial presence across the Midwest including South Dakota. Competes for the same deposit, mortgage, and small business customers, but at vastly larger scale and broader product set.
• Citibank: Global universal bank offering retail, wealth, and commercial banking products that overlap with AB&T's offerings in the consumer and small business segments, particularly through digital channels.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks5 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/AmericanBankTrust

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles9 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about American Bank & Trust