American Bank announces expansion
American Bank has begun a remodeling project to expand its Victoria branch.
The project will add 1,000 square feet of office and conference room space to the existing building at 4304 N. Navarro St. at Mockingbird Lane.
The estimated completion date is mid-January.
The branch moved to its current site in 2009. The building was significantly remodeled at that time to include a motor bank with four lanes, a drive-up ATM, safe deposit boxes and a customer refreshment bar. Hours were extended as well.
Significant growth in its customer base and staff has quickly made the space inadequate, however.
"The Victoria area has really embraced American Bank's independent banking style. Our community banking heritage and flexibility to create the right solutions for customers' needs has resonated with people looking for something more in their banking relationship," said Jim Johnson, American Bank-Victoria senior commercial lending officer, in a news release.
American Bank was founded in 1970 in Corpus Christi and is the largest locally owned and independent financial institution in that area, with assets totaling more than $1.2 billion as of Sept. 30. The bank has 13 branches, six in Corpus Christi; one each in Port Aransas, Rockport, Goliad and Victoria; and three in Austin.
It also operates a network of 22 automated teller machines.