Adams Bank & Trust is headquartered in OGALLALA and is the 10th largest bank in the state of Nebraska. It is also the 796th largest bank in the nation. It was established in 1962 and as of June of 2023, it had grown to 237 employees at 22 locations. Adams Bank & Trust's CD rates are 6X the national average, and it has a B+ health rating.
You Will Not Find A Better Bank
I've been a customer and exposed to the services of many banks in my career. Adams Bank and Trust is, by far, the best bank that I have ever used. They are always on the cutting edge with their online software and other services. Their customer service is far above their competition. I've never - not once in 35 years - had any sort of problems. If I had, I'm sure that a single phone call would have solved it. You will not find a better bank.
Very Personal Service
Based in Nebraska, this bank also has physical branches in Colorado (and perhaps other states). Offers some of the best interest rates, especially if you have more than $10K to deposit.
More importantly, the run with great integral values, as demonstrated by the personal service (we are ALWAYS greeted by name) and tenor of the quarterly newsletters (which offer sound financial wisdom).
WARNING - Avoid Depositing Funds With Adams Bank And Trust
Adams Bank and Trust has held $17,600 of a deposit totaling $22,600 for over 10 days. Those funds were transferred via interbank systems the next day after I made that deposit. The account upon which I wrote the check has a balance over $100,000, and is with a major international financial institution.
Adams Bank and Trust operates as if the year was 1819, versus 2019. Their systems, policies, and procedures are outdated and antiquated.
I am closing all my accounts with Adams Bank and Trust, and moving my money to an institution that can meet customer expectations in 2019.
Worse And Worse
I had an account with them for years. It was my first bank in Colorado. At first, they were the greatest and I was treated exceptionally well.
Well, something major changed with the bank. It started at first with them changing their online bill pay method. At first, it used to verify funds in the account, then send out checks, as it took the money out. Then, all of a sudden, they changed it so that it didn't take out the money until the checks came back and were cleared.
This sudden change took me by surprise and I found that I was suddenly being charged fees because I thought I had money in the account but in truth, checks hadn't cleared yet and they had merely changed their policies.
I was charged a number of other fees later on for other things also, to the point where I finally made inquiry about what was going on, and even eventually even filed a complaint against the bank for excessive and unfair fees.
The end result? I get a threat from the owner of the bank saying that he is going to cancel my account because of the complaint, a denial that he took out any fees (he lied on the reply and tried to point to a savings account instead of my checking account).
Someone in management there are making corrupt decisions and are being dishonest in their management.
Gets Worse And Worse
Been banking here for years and it just gets worse and worse. The staff turnover is very high and they're rude, they consistently loose deposits or enter them in wrong (like dropping a zero), they accidentally return items even if you have enough for it to clear, they make changes to your account without any notifications. Each manager makes up and changes their own policies. Avoid this bank.
Data as of Q2 2023
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| FDIC Certificate # | 18489 |
| Year Established | 1962 |
| Employees | 237 |
| Primary Regulator | FED |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 1.42% |
| Return on Equity - YTD | 14.13% |
| Annual Interest Income | $39.8MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2023vs Q2 2022 | $1.32B$1.25B |
| Loans | Q2 2023vs Q2 2022 | $796.8MM$752.6MM |
| Deposits | Q2 2023vs Q2 2022 | $1.07B$1.07B |
| Equity Capital | Q2 2023vs Q2 2022 | $142.6MM$115.0MM |
| Loan Loss Allowance | Q2 2023vs Q2 2022 | $10.9MM$13.3MM |
| Unbacked Noncurrent Loans | Q2 2023vs Q2 2022 | $1.5MM$1.2MM |
| Real Estate Owned | Q2 2023vs Q2 2022 | $0$0 |
