American Exchange Bank

What American Exchange Bank does

American Exchange Bank is a privately held, family-owned community bank incorporated in 1889 and headquartered at 151 N 4th Street, Elmwood, Nebraska. The bank holds the position of the oldest chartered bank in Cass County, Nebraska, and operates a second full-service branch in Eagle, opened in 2000. Fifth-generation ownership by the Clements family, in control since 1938, governs operations alongside the legacy of the Aldrich family (including author Bess Streeter Aldrich) in the bank's early history.

The bank offers a standard retail and small-business banking product set: regular, NOW, and money-market checking; savings accounts; certificates of deposit with disclosed rates up to 3.44% APY; traditional and Roth IRAs; health savings accounts; and a lending suite spanning farm operating lines of credit, livestock and equipment installment loans, commercial working-capital loans, vehicle and home-improvement loans, and real estate and construction financing. The technology stack is conventional community-bank infrastructure: an online banking platform (powered by a provider accessed at aebank.onlineaurora.com) supporting real-time balances, transfers, bill pay, e-statements, and QuickBooks/Quicken downloads; a mobile banking app distributed via Google Play and the Apple App Store providing mobile deposit and ATM location; SSL encryption; multi-factor authentication with behavioral analysis; and Fiserv Card Services as the third-party processor for debit card transactions, fraud analysis, and lost/stolen card reporting. The bank also extends its distribution through a MoneyPass ATM network arrangement and an affiliated investment-referral channel via Woodbury Financial Services, whose representative operates from the Elmwood branch.

Revenue is generated through traditional banking mechanics: net interest income from the loan portfolio and interest-bearing deposits (NOW, money market, savings, CDs), supplemented by account service charges (monthly fees, per-check fees, overdraft fees, stop-payment and return-check fees, ATM/debit card monthly fees), and commission-based referral revenue from the Woodbury Financial Services investment-referral arrangement. Customer concentration sits across three primary segments—agriculture/farmers, small-business/commercial borrowers, and individual/personal banking households—all drawn from the Elmwood and Eagle trade area, with no disclosed enterprise or institutional relationships. Marketing is community-led, centered on local sponsorships (scholarships, school events, Husker Harvest Days, 4-H, Arbor Day), website content including financial calculators and security education, and word-of-mouth through multi-generational customer relationships. The bank is FDIC-insured and reports being backed by the full faith and credit of the U.S. government.

Name

American Exchange Bank

Legal name

American Exchange Bank

Website

https://aebank.com

Company type

Private

Founded year

1889

Operating status

Operating

Headcount range

1–10 employees

Short description

American Exchange Bank is a family-owned community bank founded in 1889 in Elmwood, Nebraska, serving local individuals, farmers, and small businesses through deposit accounts, agricultural and personal loans, and digital banking.

Ownership category

akta.pro rank

Product category

Community Banking

NAICS

Commercial Banking (52211), Depository Credit Intermediation (5221), Savings Institutions and Other Depository Credit Intermediation (522180)

SIC

National Commercial Banks (6021), State Commercial Banks (6022), Personal Credit Institutions (6141)

akta.pro primary industry

Agricultural & Rural Development Banks (FSABAKAE)

Keywords

• Community banking services
• Agricultural lending
• Personal deposit accounts
• Retirement savings products
• Commercial loan products

Headquarters

HQ city

Elmwood

HQ country

United States

HQ region

North America

Offices2 records

Markets served

GTM type

B2C

Offering type

Services

Cost components

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

Revenue model

1. Interest Income: Traditional bank interest income from lending activities including agriculture loans, commercial loans, and personal loans. Interest-bearing NOW accounts and money market accounts also generate interest income.
2. Banking Fees and Service Charges: Monthly fees for checking accounts when balance falls below minimum thresholds, per-check fees, overdraft fees, stop payment fees, return check fees, and ATM/debit card fees.
3. Loan Products: Various loan products including farm operating lines of credit, livestock and equipment installment loans, real estate loans, working capital, vehicle loans, home improvement, and construction loans generate interest income.
4. Deposit Products: Certificate of deposit accounts, individual retirement accounts (Traditional and Roth), health savings accounts, and savings accounts with various fee structures and interest rates.
5. Investment Referrals: Partnership with Woodbury Financial Services for mutual funds, annuities, and investments. Bank refers customers to affiliated financial advisor for commission-based revenue.

Pricing tiers

Go-to-market motion1 record

Distribution channels5 records

Marketing channels5 records

Core offering

American Exchange Bank is a family-owned community bank that accepts consumer and small-business deposits (checking, savings, money market, CDs, IRAs, HSAs) and originates agricultural, commercial, real estate, vehicle, home improvement, and personal loans. Customers access accounts through two physical branches in Elmwood and Eagle, Nebraska, as well as online banking, a mobile banking app with mobile deposit and bill pay, and the MoneyPass ATM network. Investment products (mutual funds, annuities) are offered via referral to Woodbury Financial Services operating from the bank's Elmwood location.

Differentiator

Problem solved

Functional benefit

Products and services

• Regular Checking Account Free checking account with no minimum balance; $0.15 per check fee if balance falls below $500; ATM/Debit Card fee of $1.00/month waived with E-Statements enrollment; fees waived for students and seniors aged 61 and older.
• NOW Account Checking Interest-bearing checking account requiring a $1,000 average monthly balance, with unlimited checks and deposits.
• Money Market (HIFI) Checking Money market checking account requiring a $2,500 minimum balance with limited withdrawals (six per month: three by transfers, three by check, debit card, or draft).
• Savings Account Savings account offering six free withdrawals per month; $1.00 fee per additional withdrawal; other service fees may apply.
• Certificate of Deposit (CD) Term deposit with $500 minimum balance, ten-calendar-day grace period at maturity, automatic renewal, and early withdrawal penalty. Rates as of June 24, 2026: 3-month 0.15% APY, 6-month 3.29% APY, 12-month 3.44% APY, 24-month 3.44% APY, 36-month 2.52% APY, 48-month 2.52% APY, 60-month 2.63% APY.
• Individual Retirement Accounts (Traditional and Roth IRA) Traditional IRA offering tax-deferred money and interest with fixed and variable rates; Roth IRA offering taxed money with tax-free interest. Subject to IRS contribution limits.
• Health Savings Account (HSA) Tax-advantaged savings account for healthcare expenses, available to customers with a qualifying health insurance plan.
• Agricultural Loans A suite of farm lending products for local farmers and ranchers, including farm operating lines of credit, livestock installment loans, equipment installment loans, and agricultural real estate financing.
• Commercial Loans Working capital lines, commercial installment loans, and real estate loans for local small to medium-sized businesses, including vehicle and equipment financing.
• Personal Loans Personal loans for vehicle purchases, home improvement, construction, and other personal financing needs for individual borrowers.
• Online Banking Full-featured online banking platform available 24/7 with real-time balances, account history, fund transfers, check images, secure messaging, E-Statements (24-month retention), and QuickBooks/Quicken transaction download.
• Mobile Banking App Free mobile banking app offering real-time balances, transaction history, fund transfers, check viewing, ATM locator, bill pay, and mobile deposit, distributed via Google Play Store and Apple App Store.
• Bill Payment Service Monthly bill pay subscription integrated with online banking, allowing recurring, occasional, and one-time bill payments from computer or mobile device 24 hours a day.
• Investment Services (Referral) Mutual funds, annuities, investments, and IRAs offered by Woodbury Financial Services (Richard Otto, Financial Advisor) operating from the bank's Elmwood office. Securities offered through Woodbury Financial Services, Inc., a registered broker/dealer and member NASD/SIPC.

Segments4 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration6 records

Feature4 records

Partnerships

Seven partnerships are on record, tiered core and minor.

• Fiserv Card ServicescoreTechnology or IntegrationAmerican Exchange Bank is partnered with Fiserv Card Services to provide debit card security for customers. Fiserv handles debit card transaction processing and provides 24/7 fraud analysis services. To report lost or stolen debit cards, customers call Fiserv at 888-263-3370. For unauthorized transactions, call 855-961-1602.
• Fiserv (Lost/Stolen Card Reporting)coreTechnology or IntegrationFraud analyst hotline at 833-462-0798 for debit card security through Fiserv partnership.
• Woodbury Financial Services, Inc.minorGTM or Marketing PartnerRichard Otto, Financial Advisor from Woodbury Financial Services operates from the bank's Elmwood location at 151 North 4th Street. Offers mutual funds, annuities, investments, and IRAs. Securities offered through Woodbury Financial Services, Inc., a registered broker/dealer and member NASD/SIPC. Note: operations are not related to or controlled by American Exchange Bank.
• MoneyPassminorChannel Partner/ Reseller/ DistributorATM network partnership providing surcharge-free ATM access to bank customers through MoneyPass network. ATM locator link provided on bank website.
• Clements and DrevominorOthersIncome tax preparation service operated by David Drevo, Andrew Clements, Aaron Clements, Robert Clements, and Richard Clements. Serving Elmwood and surrounding areas since 1950. Uses latest tax software and offers electronic filing. Note: operations are not related to or controlled by American Exchange Bank.
• Clements & Drevo Law OfficeminorOthersLegal services office at 160 N 4th Street, Elmwood, operated by Richard L. Clements (Attorney at Law, Member Christian Legal Society) and David A. Drevo (Attorney at Law). Serving community since 1926. Offers estate services and wills. Note: operations are not related to or controlled by American Exchange Bank.
• Clements Insurance AgencyminorOthersIndependent insurance agency at 160 North 4th Street, Elmwood, serving since 1919. Offers auto, home, farm, crop, life, health insurance, and surety bonds. Representing Farmers Alliance Mutual Insurance, Progressive Northern Insurance, Rain and Hail Crop Insurance, Blue Cross Blue Shield of Nebraska, American General Life, and CNA Surety. Agents include Robert Clements, Andrew Clements, and Penny Richter. Note: operations are not related to or controlled by American Exchange Bank.

Scale indicators4 records

Recent moves7 records

Expansion highlights4 records

Broad incumbents

• Great Western Bank: Regional ag-focused commercial bank serving rural communities across the Midwest including Nebraska. Comparable in its agricultural lending expertise and rural deposit base, though materially larger and further diversified geographically.
• Pinnacle Bank: Nebraska-headquartered community and commercial bank with statewide presence including agriculture, commercial, and consumer lending. Competitively relevant because it serves similar Nebraska agricultural and small-business borrowers at greater scale.
• First National Bank of Omaha: The largest privately held bank in Nebraska with full commercial, ag, and consumer banking capabilities statewide. Operates a much broader branch and ATM network than AEB but shares the same Nebraska community-banking DNA and FDIC-regulated family/customer business model.
• First Interstate Bank: Multi-state community bank holding company with significant ag and commercial lending across the Midwest and West. AEB's larger yet still community-bank cousin, with a similar focus on relationship-driven deposit gathering and rural lending.
• Wells Fargo: National bank with material rural/agricultural lending and full-service deposit operations across the Midwest. Competes with AEB for farm operating loans, equipment financing, and household deposit/savings relationships in Cass County and beyond.
• Bank of the West (BMO): Regional commercial bank with strong agricultural finance and SMB lending franchise across the Midwest. Competes with AEB for large ag-operating borrowers and small businesses in Nebraska while offering broader product and digital capabilities.

Direct peers

• Premier Bank: Mid-sized community bank serving small businesses and consumers in the Midwest with traditional deposit and lending products. Highly relevant peer given overlapping community-bank positioning and similar product breadth.
• Heartland Bank: Community bank serving rural and agricultural markets in the Midwest with deposit, lending, and digital banking services. Comparable to AEB in target customers, ag lending focus, and FDIC community-bank model.
• Cornerstone Bank: Small Nebraska community bank offering commercial, agricultural, and personal banking to rural communities. Highly comparable to AEB in scale, product mix, customer profile, and branch-driven distribution model.
• Frontier Bank: Small community bank focused on agricultural and commercial lending in the Midwest. Comparable to AEB in scale, customer concentration in farming/SMBs, and branch-based service model.

Market position

Strengths4 records

Weaknesses5 records

Competitive moat3 records

Key risks6 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/american-exchange-bank

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 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 Exchange Bank