American Bank & Trust to build south Sioux Falls location

Oct. 24, 2019

American Bank & Trust will break ground next week on its third Sioux Falls location.

The bank owns land on the northeast corner of Minnesota Avenue and 77th Street where it plans to build a 15,000-square-foot branch.

It will be a full-service branch and have space for American Trust Insurance and Standard Trust Co., which have common ownership with the bank. American Bank & Trust was founded almost 120 years ago as the Bank of Alpena and has a longtime home in Huron.

It entered the Sioux Falls market in late 2015.

“We’d been looking for a south Sioux Falls location for the past three years, and we’re trying to build a hub-and-spoke strategy around Sioux Falls, with the downtown location as our main office,” president and CEO Doug Tribble said. “So this will really help us serve that southern Sioux Falls area. That part of town is growing up very quickly, and we want to be part of that.”

The bank briefly had an office in south Sioux Falls before its downtown location at River Centre became available. It added a southeast-side branch at 3405 S. Sycamore Ave. in 2017.

The south location will be designed with a look that complements the neighborhood, Tribble said.

There will be a drive-thru, ATMs and full banking team on-site, he said.

“We’ve gone to teller pods versus lines to make it a little more inviting and approachable,” he added. “We’ll have a coffee bar inside the bank, some stand-up tables for customers and employees to visit around, so we’re hoping it’s a really engaging, comfortable environment for our customers.”

There also will be a community room for customer events, employee training and other community gatherings. It can serve as expansion space for offices as needed.

The groundbreaking is scheduled for 11:30 a.m. Tuesday. The architect is VanDeWalle Architects, the engineer is Norman Engineering, and the contractor is Lloyd Cos.

Next up for the bank likely will be a west-side branch in the next two to three years, Tribble said.

“We’re so happy and excited to be in this market,” he said. “It’s a very competitive market, but Sioux Falls is just a very pro-business community, and we’re happy to be part of that. Our almost four years here have been very successful because of the customers who have trusted us with their business and the pro-business environment we enjoy in this community.”

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American Bank & Trust to build south Sioux Falls location

American Bank & Trust will break ground next week on its third Sioux Falls location.

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