American State Bank
Encyclopedia
American State Bank, founded in 1948 and headquartered in Lubbock, Texas
, is a financial service company with $2.5 billion in assets and offers a full range of banking and financial services to customers in West Texas. They currently have 37 locations in 21 communities across Texas.
American State Bank has not and will not accept any bailout funds from the federal government.
American State Bank first opened on May 20, 1948 in Lubbock. Upon opening, the bank ran an ad in the Lubbock Avalanche-Journal
, which stated, "Answering a vital public need, the American State Bank opens today." The American State Bank has had unusual continuity of management - there have been three presidents since its inception. The first president, Jack Payne, had a term lasting from the banks first opening until 1974. He was succeeded by the current president, W. R. Collier, who presided through 2010. With the start of 2011, Michael Epps became the third president of ASB.
American State Bank has recently acquired new locations and as of March 2010 has 37 locations in 21 Texas communities.
Lubbock, Texas
Lubbock is a city in and the county seat of Lubbock County, Texas, United States. The city is located in the northwestern part of the state, a region known historically as the Llano Estacado, and the home of Texas Tech University and Lubbock Christian University...
, is a financial service company with $2.5 billion in assets and offers a full range of banking and financial services to customers in West Texas. They currently have 37 locations in 21 communities across Texas.
American State Bank has not and will not accept any bailout funds from the federal government.
American State Bank first opened on May 20, 1948 in Lubbock. Upon opening, the bank ran an ad in the Lubbock Avalanche-Journal
Lubbock Avalanche-Journal
Lubbock Avalanche-Journal is a newspaper based in Lubbock, Texas, U.S. It is owned by the Morris Communications Company.-History:The Lubbock Avalanche was founded in 1900 by John James Dillard and Thad Tubbs. According to Dillard, the name "Avalanche" was chosen due to his desire that the...
, which stated, "Answering a vital public need, the American State Bank opens today." The American State Bank has had unusual continuity of management - there have been three presidents since its inception. The first president, Jack Payne, had a term lasting from the banks first opening until 1974. He was succeeded by the current president, W. R. Collier, who presided through 2010. With the start of 2011, Michael Epps became the third president of ASB.
American State Bank has recently acquired new locations and as of March 2010 has 37 locations in 21 Texas communities.