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Company History
In 1967 application was made to charter a state bank at the current
Johnson Street site of American Bank in Fond du Lac. There were seven organizers of the bank
consisting of: George F. Hutter Jr., Dr. Harvey Sharpe Jr., Attorney John J. Schneider,
George P. Andrew, Wilbur Pfeifer, Peter E. Stone, and Steven B. Stone. These individuals
also made up the board of directors of the bank. The decision to charter a bank was because
of the development on West Johnson Street and a bank located on the west side would be a real
convenience to the community. Thus, the American Bank of Fond du Lac was born.
Construction of the bank began in early 1968. The design was that of a one-story 4,000
square foot building. It was constructed by Hutter Construction Company of Fond du Lac and
decorated in an Early American motif. Steven B. Stone was named president.
The bank's physical size was increased by 77 percent in 1983 with an additional 3,634
square feet added on the first floor. The loan department was relocated, customer service
was moved and added space became available to the bookkeeping and check processing
departments in the lower level.
Dale G. Brooks was named the second president of American Bank in 1984. Dale brought with
him over 25 years of banking experience. Assets at this time were approximately $40 million
and increased to over $135 million under his management.
American Bank offered the first drive-up ATM in Fond du Lac County in 1985. This
led to further expansion throughout the years with placements of ATMs at other sites.
American Bank acquired the Brownsville location in November of
1994. Because of the growth to Dodge County, the bank then changed its name to American
Bank rather than American Bank of Fond du Lac. The purchase of this office provided the
bank the opportunity for growth with the added benefit of serving additional communities.
In 1994, American Bank began servicing its own fixed rate residential mortgage loans. This
allows our mortgage customers the ability to obtain personalized assistance with their
mortgage from loan personnel at any of our six locations. Currently, over 2000 customers are
taking advantage of this service.
Ground was broken in January of 1998 for the construction of a new office in Mayville. With
two offices already located in Dodge County and the rapidly growing Mayville area, the new
office became a natural fit for further expansion of American Bank. Completion of the 4,296
square foot bank occurred in July of 1998 and the facility was opened with five employees.
Dale G. Brooks was elected Chairman of the Board and James R. Chatterton was elected
president of American Bank in 1998. Jim Chatterton is the third president of American Bank
since its inception over 35 years ago.
In May of 1999, American Bank purchased offices in Omro in Winnebago County and Princeton
in Green Lake County. With this addition, the banks assets grew to approximately $150 million.
American Bank currently has assets of approximately $220 million, and employs 70 people in
five offices located in Fond du Lac, Brownsville, Mayville, Omro, and Princeton.
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