American Community Bank of Indiana is a community bank established in 1910, offering personal and business banking services including checking, savings, mortgages, and construction loans across five Indiana locations.
Data compiled from public sources · Rating from CreditDoc methodology
American Community Bank of Indiana was established on March 29, 1910, as The First Polish Building Loan & Savings Association in Hammond, created by and for the area's Polish community to provide safe savings and home lending. The bank has undergone several transformations, becoming American Savings and Loan Association in 1937 (with federally insured deposits), and converting to a federally chartered institution in 1987 as American Savings, FSB. Today, it operates as American Community Bank of Indiana with leadership spanning three generations of the Knapp family followed by current President Michael J.
Mellon. The bank has maintained continuous operations for over 114 years and serves multiple communities across Indiana. The bank offers comprehensive personal banking services including three personal checking account options, multiple savings account tiers, and Certificate of Deposit (CD) specials with higher interest rates.
On the lending side, they provide construction loans, mortgage loan solutions with customizable terms, community loan programs with discounted financing for qualified properties, and home improvement financing. Digital services include online banking, mobile banking, mobile wallet integration (Apple Pay and Google Pay), and Xpress Deposit. Additionally, they offer business banking services and SBA lending for commercial customers.
American Community Bank distinguishes itself through its deep community roots spanning over a century, with five physical branch locations (Schererville, Crown Point, Dyer, Hammond, and Munster offices). They feature specialized programs such as exclusive checking accounts for Munster students, parents, alumni, and supporters. Their security resources and fraud awareness center demonstrate commitment to customer protection, and their mortgage lending department emphasizes personalized service to match customers with appropriate loan terms and rates.
The bank is best suited for customers seeking traditional community banking with in-person service, those interested in construction or home improvement financing, and businesses needing SBA lending support. However, as a regional institution with only five branches in Indiana, they may have limited accessibility for out-of-state customers or those requiring extensive branch networks. The website provides limited transparency on specific interest rates, fees, or competitive terms, requiring direct contact for detailed pricing information.
American Community Bank of Indiana processed 144 mortgage applications in 2023, approving 99.3% of applicants across 11 states.
144
Applications
99.3%
Approval Rate
$289K
Avg Loan
11
States Served
Based on 144 applications. Income in thousands (reported by applicant).
Source: CFPB Home Mortgage Disclosure Act (HMDA) Data, 2023. Applications include originated, approved, and denied loans.
Yes. American Community Bank of Indiana is a registered company, headquartered in Saint John, IN, founded in 1910.
Account opening typically takes 1-3 business days. Loan decisions vary by product.
CreditDoc Diagnosis
American Community Bank of Indiana is best for customers in Indiana seeking traditional community banking with physical branch access, personalized mortgage lending, or construction financing. The main caveat is their limited geographic footprint (five Indiana locations only) and lack of transparent online pricing, which may make them less convenient for out-of-state customers or those preferring self-service rate comparisons.
1st Source Bank is a locally-controlled regional bank headquartered in northern Indiana with $9.1 billion in assets, serving personal and business banking needs since 1863.
Best for: Residents of northern Indiana and southwestern Michigan seeking personalized relationship banking with local decision-makers, Business owners and self-employed individuals needing hands-on support with complex financial situations and specialized lending
Elements Financial is a member-owned credit union serving over 100,000 members with $2.2B in assets, offering banking products with lower rates and fewer fees than traditional banks.
Best for: Employees of Eli Lilly or the 150+ partnering companies seeking lower-fee banking with member-owned benefits, Members prioritizing community-focused banking with active local volunteer engagement and financial wellness education
Financial Center First Credit Union is a federally insured credit union based in Indianapolis offering member-owned banking, loans, mortgages, and financial education.
Best for: Indiana residents seeking member-owned banking with federal deposit insurance, Auto loan borrowers in the Indianapolis/Muncie area seeking rates below market average
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