ANB Bank is headquartered in Denver and is the 6th largest bank in the state of Colorado. It is also the 363rd largest bank in the nation. It was established in 1964 and as of June of 2022, it had grown to 470 employees at 32 locations. ANB Bank has a B health rating.
I mostly use American National Bank for a savings account and some CDs for funds I want to keep available for quick access. It’s a regional bank with offices in Colorado and Wyoming. Although they have quite a few branches in rural areas, there are only 5 branches in the Denver area.
Interest on a basic savings account is currently a measly 0.15%, but that is better than Wells Fargo’s current 0.05%. Interest on CDs is nothing to get too excited about either, but they do pay more than some of the huge national banks.
Service has been fine at the branches I have used. They usually are not too busy and the employees are very friendly. I don’t use the on-line banking too much but have linked my Pay-Pal account to this savings account. There have been no problems with transactions being posted correctly.
This bank... I recently opened 2 bank accounts one personal and the other a Small Business. They tell me they are sending me my debit cards VIA mail. Instead i receive a Envelope that is torn from end to end. In the envelope is not even my Card. It was a letter from this bank stating that they are closing my account. No reason. "The decision has been made pursuant to paragraph titled Amendments and Termination referenced in your account agreement, which states "We may close this account at any time upon reasonable notice to you and tender the account balance in person or by mail." I highly suggest no one bank with this bank. Not worth your time. Not worth anyones. How this is a bank i have no clue.
|FDIC Certificate #||19220|
|Return on Assets - YTD||1.73%|
|Return on Equity - YTD||29.83%|
|Annual Interest Income||$45.8MM|
|Assets and Liabilities|
|Assets||Q2 2022vs Q2 2021||$3.20B$3.41B|
|Loans||Q2 2022vs Q2 2021||$1.56B$1.63B|
|Deposits||Q2 2022vs Q2 2021||$2.91B$2.95B|
|Equity Capital||Q2 2022vs Q2 2021||$127.5MM$268.1MM|
|Loan Loss Allowance||Q2 2022vs Q2 2021||$17.9MM$19.1MM|
|Unbacked Noncurrent Loans||Q2 2022vs Q2 2021||$903.00K$3.4MM|
|Real Estate Owned||Q2 2022vs Q2 2021||$1.6MM$2.0MM|
Rates for ANB Bank are currently being reviewed.