Is American National bank of Texas good?

ANBTX was named as one of the best financial institutions in the state in 2020 . Something only 2.8 percent of all banks—and only five in the state of Texas—can claim. But what's even better? The recognition comes directly from our customers.

Is ANBTX fdic insured?

Lock in a fixed interest rate for a pre-determined term with an ANBTX CD or ANBTX IRA. Start saving with a low minimum $1,000 opening deposit and earn a competitive interest rate on your balance with FDIC insurance up to the maximum applicable limits .

What happened to American National bank?

The American National brand will be retired in favor of the Atlantic Union flag and the combined banks will be headquartered from AUB's home base in James Center. It will be AUB's fourth acquisition in the last decade and its first since 2019, when it bought Northern Virginia's Access National Bank.

What is the safest bank in Texas?

Depending on your banking needs, you might consider Ally or Bank of America to be the best bank in Texas. However, there are also strong credit unions: Rally Credit Union and GECU are insured by the NCUA, have low fees, and are local institutions.

What is the strongest bank in America?

1. JPMorgan Chase – $3.5 trillion. Columbus, Ohio-based JPMorgan Chase is the largest US bank with total assets of $3.503 trillion. Some $2.684 trillion are domestic assets, accounting for 77% of its total assets.

What bank is American National Bank merging with?

Atlantic Union Bank Completes Acquisition of American National Bank. Atlantic Union Bankshares completed its previously announced merger with American National Bankshares, effective today.

Is American National Bank FDIC insured?

American National bank provides FDIC insurance coverage for up to $125 million in ICS®, and up to $50 million for CDARS® with a total combine limit of $150 million .

Why are American banks closing?

“As revenue pressures persist , banks likely will continue to shrink branch networks.” But while losing your neighborhood branch may be inconvenient, the broader trend reflects how many Americans prefer to manage their money. Online banks offer a hard-to-beat combination of higher interest rates and lower fees.

How many bank accounts should I have?

The ideal number of bank accounts depends on your financial habits and needs . You might be happy with just two accounts – checking and savings – or you may want multiple accounts to separate business and personal expenses, share a bank account with a partner or maintain separate accounts for various financial goals.

What is America's most trusted bank?

Following one of the most successful years in United's long history, United Bank has been named the Most Trustworthy Bank in America by Newsweek for 2023. Across 23 industries evaluated, United joined the list of the “Most Trustworthy Companies in America,” earning the No.

How big is the American National Bank of Texas?

From a small local bank that opened its doors in 1875 to now—149 years later—our focus on community banking still remains. Today, we are one of the largest independently owned Texas banks with over $5 billion in assets and more than 30 locations .

What is the credit rating of American National Bank?

DepositAccounts.com, a subsidiary of LendingTree, has released its list of the 2021 Top 200 Healthiest Banks in America and rewarded American National Bank with an A+ rating ; the highest health grade given out by DepositAccounts.

Is bank of Texas a good bank?

BOK Financial is a top 25 U.S.-based bank , offering sophisticated wealth, commercial and consumer products and services.

American National Bank of Texas: Your Neighborhood Bank for 2023 Banking (2024)

American National Bank is a well-capitalized institution with excellent asset management, diversified assets, strong liquidity, and sound margins. We have consciously avoided exposure to volatile business lines such as cryptocurrency and venture capital investing. As a privately held institution with a trusted history spanning over 165 years, ANB has consistently proven to be a stable, safe, and preferred place for banking american national bank of texas, login, locations, news. ????????

We’ve consistently placed safety and stability as our top priorities, followed by profitability and growth. Our strong risk management procedures have led to a secure financial position, allowing us to serve our existing and potential clients efficiently. As a community bank, we take pride in our commitment and remain attentive to changing market dynamics. We’re confident in our capability to fulfill your requirements both now and in the future. ????????️

???? Atlantic Union to Acquire American National Bank:

Atlantic Union Bank has recently entered into an agreement to acquire American National Bank. The transition is expected to have minimal impact on the South Boston branch office, according to bank company officials.

“When you look at the combined banks’ footprint, there is very little overlap,” stated Carolyn Kiser, senior vice president for marketing at American National Bank. “Where there is overlap, the branches of both banks are in close proximity; a few are even within sight.” ????????

???? Joint Investor Conference Call:

Atlantic Union will host a conference call to discuss its second-quarter earnings on July 25, 2023, at 9:00 a.m. Eastern Time, and American National will join to discuss today’s announcement. The webcast with an investor presentation can be accessed here. For analysts wishing to participate in the conference call, registration is available here. ????????

???? Media Availability:

Senior leadership of Atlantic Union will be available virtually to members of the news media from 3:15 p.m. to 3:45 p.m. Eastern Time on July 25, 2023. To participate, please contact Beth Shivak, Atlantic Union’s SVP and Director of Corporate Communications at 804.327.5746. ????️????

Headquartered in Richmond, Virginia, Atlantic Union is the holding company for Atlantic Union Bank. Atlantic Union Bank has 109 branches and approximately 125 ATMs located throughout Virginia, portions of Maryland, and North Carolina. Atlantic Union also offers various non-bank financial services through its affiliates american national bank of texas, login, locations, news. ????️????

American National is a multi-state bank holding company with total assets of approximately $3.1 billion. Headquartered in Danville, Virginia, American National is the parent company of American National Bank and Trust Company. American National Bank is a community bank serving Virginia and North Carolina with 26 banking offices. American National Bank also manages an additional $1.2 billion of trust, investment, and brokerage assets in its Wealth Management Division. ????????

???? Caution About Forward-Looking Statements:

This communication contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements involve various risks and uncertainties and should be carefully considered when making investment decisions. ????????

???? Important Additional Information and Where to Find It:

Investors and shareholders are urged to review the Registration Statement and Proxy Statement/Prospectus regarding the proposed transaction when they become available, as they will contain essential information about the merger. This communication is not an offer to sell or a solicitation of an offer to buy any securities. ????????

???? Participants in the Solicitation:

Certain individuals associated with Atlantic Union and American National may be participants in the solicitation of proxies regarding the proposed transaction. Information about these individuals and their interests can be found in filings with the SEC. Investors are encouraged to read these filings before making any voting or investment decisions american national bank of texas, login, locations, news. ????????

For more information, please contact:

Bill Cimino, SVP and Director of Investor Relations at Atlantic Union: (804) 448-0937
Jeffrey W. Farrar, Chief Operating and Chief Financial Officer of American National: (434) 773-2274 ????????

Who took over American National Bank?

With Atlantic Union Bank’s recent agreement to acquire American National Bank, the South Boston branch office should be little affected by the transition, according to bank company officials.

Is American National a good bank?

As a privately held institution with a history as a trusted and reliable partner for more than 165 years, ANB is and has a long and demonstrated track record of being a stable, safe, and preferred place to bank.