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American Bank & Trust in Sioux Falls, SD
Regional bank with locations across South Dakota offering personal banking, mortgages, business services, and wealth management through multiple service lines.
Data compiled from public sources · Rating from CreditDoc methodology
American Bank & Trust Review
American Bank & Trust (AB&T) is a South Dakota-based bank operating multiple branches in Sioux Falls, Pierre, Huron, and other locations. The institution has been established long enough to develop a documented history and mission statement, positioning itself as a community-focused financial institution. AB&T offers a comprehensive suite of banking products including personal checking and savings accounts, mortgages, business banking, agricultural lending, trust and wealth management services, and treasury management for business clients.
The bank provides digital banking options through AB&T Online and AB&T Online Plus platforms, mobile banking enrollment, and eStatement access. AB&T distinguishes itself through localized lending expertise, particularly in agricultural and rural lending (Rural Development Loans, Crop & Livestock Insurance), construction financing (All-In-One Construction Loans), and first-time homebuyer programs through South Dakota Housing Development Authority partnership. 00% APY).
Services & Features
Agricultural Loans with Crop & Livestock Insurance
Business Checking and Savings Accounts
Business Loans and Business Credit Cards
CDs and Money Market Accounts
Debit Cards with rewards promotion
Financial Planning and Retirement Planning
Mobile and Online Banking (AB&T Online, AB&T Online Plus)
Mortgage products (Conventional, FHA, VA, ARM, Construction, Bridge, HELOC, Jumbo, Lot, Rural Development loans)
Personal Checking and Savings Accounts
Personal Loans and Credit Cards
Treasury Management Services (ACH, Wire Transfer, Remote Deposit, Merchant Services, Visa Purchasing Card)
Trust and Wealth Management with Investment Advisory Services
Feature Checklist
Mobile App
Online Portal
Score Tracking
Credit Education
Personal Advisor
Identity Theft Protection
Pros & Cons
Pros
- Multiple South Dakota locations providing in-person service and local lending expertise
- Specialized agricultural and rural lending products (Rural Development Loans, Crop & Livestock Insurance)
- Competitive CD rates advertised at 3.70-3.80% APY with FlexAdvantage penalty-free withdrawal options
- Construction financing options including All-In-One Construction Loans and Lot Loans
- Comprehensive business banking with treasury services (ACH, wire transfer, merchant services, remote deposit)
- Trust and wealth management services with dedicated investment advisory through AB&T Investment Services
- Referral program offering $150 credit and monthly debit card spending promotion ($500 monthly drawings)
Cons
- Limited geographic footprint restricted to South Dakota locations only, not suitable for customers needing nationwide branch access
- Website does not disclose specific APR ranges, annual fees, or minimum balance requirements for checking/savings accounts
- No mention of online-only or higher-yield savings account options, potentially less competitive for rate-focused depositors
- Construction loan and specialized ag lending products may not be accessible to customers outside South Dakota or without qualifying collateral
- Limited information provided about mortgage rate competitiveness beyond single promotional offer
Rating Breakdown
Value 5.0
Effectiveness 3.7
Customer Service 3.8
Transparency 4.0
Ease of Use 4.5
Frequently Asked Questions
Is American Bank & Trust legitimate?
Yes. American Bank & Trust is a registered company, headquartered in Sioux Falls, SD, founded in 1892.
How long does American Bank & Trust take to show results?
Account opening typically takes 1-3 business days. Loan decisions vary by product.
Quick Facts
- Founded
- 1892
- Headquarters
- Sioux Falls, SD
- BBB Accredited
- No
- Certifications
- FDIC Insured FDIC Cert #1117
- Starting Price
- Contact provider
- Setup Fee
- None
- Money-Back Guarantee
- No
CreditDoc Diagnosis
Doctor's Verdict on American Bank & Trust
AB&T is best suited for South Dakota residents and rural/agricultural customers seeking community-based banking with local lending expertise and specialized products like construction financing and farm lending. Primary caveat: geographic limitation to South Dakota and lack of transparent fee/rate disclosure on website makes comparison shopping difficult; customers should contact branches directly for specific terms.
Best For
- South Dakota-based small business owners seeking local relationship banking and agricultural lending
- Homebuilders and construction borrowers needing specialized construction loan products with local expertise
- Agricultural and rural landowners requiring crop insurance, livestock loans, and Rural Development financing
- Customers prioritizing in-person banking relationships and local community bank service over digital-only convenience
Updated 2026-04-29
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