News & Events

Keep current with what's happening at American Bank & Trust with upcoming events, plus the most recent issues of our newsletter. Then check out PrarieTracks Magazine Online for the scoop throughout Central South Dakota!


September 2, 2013- AMERICAN BANK & TRUST AND AMERICAN STATE BANK CELEBRATE LAUNCH OF KASASA WITH ADMISSION PAYOUT AT THE SOUTH DAKOTA STATE FAIR


American Bank & Trust and American State Bank, two leading financial institutions, celebrated its Kasasa® banking accounts with a fun-filled community event September 2nd at South Dakota State Fair.


American Bank & Trust and American State Bank sponsored the free event, which included free admission for 750 fairgoers, tote-bag giveaways, and free meal tickets as a way to say thank you to South Dakota communities for their ongoing support. American Bank & Trust and American State Bank sponsored the event in the spirit of Kasasa, through which American Bank & Trust and American State Bank give back to area consumers year round in the form of better banking accounts.


"This event was one way for us to give back to our great communities we serve," said Lynn Schneider for American Bank & Trust, "offering Kasasa is another. Kasasa rewards account holders for doing simple things month after month, not just a one time giveaway."


American State Bank's Bob Clair agrees and adds, "We are proud to be a part of the success of our customers."


American Bank & Trust and American State Bank offer several Kasasa banking products that are free, reward-based accounts featuring nationwide ATM fee refunds, no minimum balance to earn the rewards, no monthly service fee, and free online banking.


Kasasa accounts types available at American Bank & Trust and American State Bank include:


• Kasasa Cash® - A free checking account that rewards consumers with high interest in cash every monthly qualification cycle.

• Kasasa Saver® - A free, high interest saver account linked to a Kasasa Cash checking account. The interest and ATM fee refunds earned in the Kasasa Cash are automatically deposited into the Kasasa Saver account when the account holders qualify. The balance in the Kasasa Saver account also earns a high rate of interest.



June 2013- American Bank & Trust Provides Funding for Scholarship Program


In a continuing effort to retain our best and brightest students, American Bank & Trust of Alpena, Huron, Mellette, Miller, Wessington Springs, De Smet, and Wolsey and the South Dakota Bankers Foundation have announced the twelfth year of the high school scholarship program. Participating South Dakota banks have agreed to match Foundation funds to provide scholarships to graduating high school seniors in their local communities.


The recipients will all attend post-secondary South Dakota institutions of higher learning, and this year's recipients of the $500 scholarships sponsored by American Bank & Trust & the South Dakota Bankers Association are Shannon Duxbury, Traci Orth, Alexis McGillvrey, Landon Fischbach, Jordan DeBoer, Jessica Broer, Nathan Reynhout, Hayden Hooks.



May 2013- American Bank & Trust Celebrates Launch of Kasasa with Gas Payout


American Bank & Trust, one of Huron's leading financial institutions, celebrated its Kasasa® banking accounts with a fun-filled community event Saturday at Coborn's Grocery and Little Duke's Gas Station, Huron SD.


American Bank & Trust sponsored the free event, which included $20 in free gas for the first 100 cars, as a way to say thank you to Huron and the surrounding communities for their ongoing support. American Bank & Trust sponsored the event in the spirit of Kasasa, through which the bank gives back to consumers year round in the form of better banking accounts.


"This event was one way for us to give back to the great communities that we serve," said Lynn Schneider, CEO for American Bank & Trust, "offering Kasasa is another. Rewarding account holders for their deposits is like giving back year round."


American Bank & Trust offers several Kasasa banking products that are free, reward-based accounts featuring nationwide ATM fee refunds, no minimum balance to earn the rewards, no monthly service fee, and free online banking.


Kasasa accounts are available to consumers at all American Bank & Trust locations including: Huron, Huron Wal-Mart, Wessington Springs, Alpena, Wolsey, Miller, DeSmet, and Mellette.


• Kasasa Cash® - A free checking account that rewards consumers with high interest in cash every monthly qualification cycle.

• Kasasa Saver® - A free, high interest saver account linked to a Kasasa Cash checking account. The interest and ATM fee refunds earned in the Kasasa Cash account are automatically deposited into the Kasasa Saver account when the account holders qualify. The balance in the Kasasa Saver account also earns a high rate of interest.


May, 2013- American Bank & Trust Donates to Local Schools through Spirit Card Program

American Bank & Trust has donated a total of $10,653.04 to local school districts for the first eighteen months of their Spirit Card Program. The most recent six month disbursement totaled $4,632.08, with previous donations totaling $6,020.96. A Spirit Card is an ATM/Checkcard linked to a customer's checking account with the school district's name, colors, and mascot. Each time AB&T account holders make a purchase with their Spirit card the Bank donates money back to the school. These cards promote school pride and generate income for the school districts and there is no cost to the account holder to obtain a Spirit Card.


The Wessington Springs School District received $898.72 to be used towards the purchase of video equipment to support the broadcast of school events at the gymnasium.


Wolsey-Wessington School District will be purchasing a new glute/ham weight machine with the $392.20 of funds that the Warbird card holders generated. This will help with the weight lifting program for students from various sports.


The De Smet School District received $722.24. Funds will aid in purchasing an iPad for the 5th grade students. The iPad will be used to as a tool for collaboration, communication, acquiring knowledge and assisting in problem solving situations in interactive ways.


Northwestern School District will purchase new PE equipment with the $213.88 received. The current PE equipment is old and outdated and is need of replacement. Students K-12 will benefit from this new equipment.


The Huron School District received $1,599.76 to be used towards the purchase of new floor chairs at the Arena and also to help fund the Freshmen RESPECT retreat. The current chairs at the Arena are 9 years old and are badly worn and are in need of replacement. The goal of the retreat is to improve the culture and respect for all who attend HHS. By providing this to incoming Freshmen the week prior to school, the RESPECT retreat will help secure a smooth transition and sets the expectation high from the beginning.

The Miller School District received $805.28 and will use their funds to purchase a new flag pole and flag for the new Miller Elementary School. The 6th graders will take care of the flag each day – raising it in the morning and taking it down at night, as well as learning how to fold and handle the flag with respect. It will also benefit the entire school and community by demonstrating patriotism and teaching the importance of honoring our flag and country.


Lynn Schneider, CEO of AB&T states, "The school system plays a vital role in the success of all of our students. We are pleased with the progress of the Spirit Card Program, which provides a way for the parents/students/members of the community to be involved in giving back to our local schools and expressing their school pride."


Current Spirit Cards available are: De Smet Bulldogs, Miller Rustlers, Huron Tigers, and Wessington Springs Spartans, Wolsey-Wessington Warbirds and Northwestern Wildcats.



March 2013—Mayor's Award for Excellence Awarded to American Bank & Trust

American Bank & Trust CEO Lynn Schneider was recently awarded the 2013 Mayor's Award for Excellence by Huron Mayor David McGirr. The award was presented to Mr. Schneider at the Greater Huron Development Corporation/Huron Chamber and Visitors Bureau Joint Annual meeting on March 21.

American Bank & Trust is locally owned and managed and has been serving the area since 1886. In 1972 the Steele Family purchased American State Bank which had 3 locations at that time – Alpena, Wolsey, and Wessington Springs. The name was changed to American Bank & Trust in 2002 when the Huron location was opened. In 2006 the bank opened a 2nd Huron location in the Wal-Mart store. In 2007 a large addition to the existing Dakota Avenue branch was completed, at which time American Trust Insurance moved into the existing building and the bank moved into the new addition.

American Bank & Trust currently operates in 8 locations in 7 communities and has 95 employees. The bank and its employees are extremely active in each of the communities they serve along with the surrounding communities. The bank continually supports multiple community projects and organizations such as Splash Central, SD State Fair, Huron Turkey Races, Leadership Huron projects, James Valley Dinner Theatre, Ringneck Festival, A Day for Women, United Way, SD BBQ Championship and Wheel Jam. Employees volunteer numerous hours for a wide variety of community projects and serve on various boards and organizations.

In response to the mounting budgetary needs of the local schools American Bank & Trust was inspired to give back to the community through Spirit Cards. These cards are an ATM/Checkcard linked to an American Bank & Trust checking account with the school district name, colors and mascot. Spirit Cards promote school pride and generate income for the school districts. The bank donates a percentage of each debit card swipe to the school district. In the first year of this program, American Bank & Trust has given over $6,000 back to the schools helping them to purchase various items that otherwise would not be possible due to tight budgets.

American Bank & Trust is the only locally owned and operated community bank in Huron. Community bankers and lenders understand the impact of their decisions working closely with the customer to find the best banking solution with the customers' and communities' best interests at heart. The services, accounts, loans, mortgage, trust and investment departments are managed locally by employees who understand and know their customers. It's the sense of pride and ownership in their work which motivates American Bank & Trust employees to work hard for their customers every day.

The Mayor's Award for Excellence in Business has been sponsored by GHDC since 1992 to recognize outstanding businesses and/or individuals in the Huron business community. Each year the Mayor's Award recognizes an area business that exhibits their commitment and contribution to the improvement of the community and quality of life for our residents.

Contributions must be shown in arts and culture, amateur sports, education, voluntary community groups, economic development, and other areas that provide positive impact upon Huron. During his presentation of the award, Mayor McGirr complimented this year's applicants. "There were many businesses who were excellent candidates for this award." McGirr continued, "I congratulate the Huron business community in their efforts to advance our economic and social well being."


January 2013—American Bank & Trust's "Vote Hometown" Campaign Generates Significant Dollars Spent Locally

American Bank & Trust recently completed their "Vote Hometown" campaign encouraging residents to do their shopping locally this past holiday season. The purpose of the campaign was to remind consumers that they cast a vote with every dollar that they spend. When consumers shop and invest locally they are voting in support of more money in our local economy. This campaign generated $69,957.88 spent locally throughout the communities that American Bank &Trust serves. Consumers who participated were eligible to win $100 in Community Bucks by submitting 6 or more receipts from local merchants. Each receipt had to be $10 or more and had to be dated during the promotional period of Nov 1 — Dec 15, 2012.

The $100 Community Buck winners were Lori Kenobbie — Wessington Springs, Carla Small — Alpena, Diana LeGrand — Wolsey, Angie Johnson — Mellette, Rose Danburg — Miller, Peggy Shields — Huron, and Bennie Widman — De Smet.

Preston Steele, EVP from American Bank & Trust stated "Local purchases keep money in our local economy and contributes to the local tax base. It is important to support our hometown merchants and in turn support our schools, hospitals, arts, and charitable organizations. Together we can build a stronger local economy and a better quality of life."

American Bank & Trust has eight locations central South Dakota in Wessington Springs, Alpena, Wolsey, Mellette, Miller, De Smet, Huron, & Huron Wal-Mart.