FDIC-insured bank offering mortgages, agricultural loans, commercial lending, and aircraft financing since 1900. Provides online and in-person mortgage services.
Data compiled from public sources · Rating from CreditDoc methodology
S. Government. The company positions itself as a premier banking and lending institution with a focus on relationship-based lending and community partnerships.
The bank's primary service offerings include residential mortgage lending with flexible options for personal use, agricultural lending for farm operations, commercial lending for business needs, and specialized aircraft financing. They emphasize accessibility through both online account opening and in-person service, making their mortgage products available to consumers regardless of preferred banking method. The bank also operates a participation network and mortgage aggregation services for partner banks.
BBANK distinguishes itself through its long operational history (since 1900), FDIC insurance backing, and dual-channel delivery model combining digital convenience with local, in-person service. The company markets mortgages as "personal, local, and trusted," suggesting an emphasis on relationship banking rather than purely transactional lending. Their breadth of lending categories (agriculture, commercial, aircraft) indicates they serve diverse borrower profiles beyond standard residential mortgage customers.
However, the website provides limited specific information about mortgage terms, rates, loan products, underwriting requirements, or competitive advantages. ). The company's website lacks customer testimonials, specific product comparisons, or transparent pricing information that would help borrowers evaluate their offerings against competitors.
Bank processed 121 mortgage applications in 2023, approving 80.2% of applicants across 7 states.
121
Applications
80.2%
Approval Rate
$223K
Avg Loan
7
States Served
Based on 121 applications. Income in thousands (reported by applicant).
Source: CFPB Home Mortgage Disclosure Act (HMDA) Data, 2023. Applications include originated, approved, and denied loans.
Yes. Bank is a registered company, headquartered in Wapello, IA, founded in 1931.
Account opening typically takes 1-3 business days. Loan decisions vary by product.
CreditDoc Diagnosis
BANK is best suited for borrowers who value established financial institutions with FDIC backing and prefer relationship banking with in-person service options, or businesses needing agricultural, commercial, or aircraft financing. The primary caveat is that their website provides insufficient detail about specific mortgage products, rates, and terms needed to evaluate competitiveness—borrowers must contact the bank directly for pricing and product specifics.
Regional bank operating in Iowa and South Dakota since 1913, offering checking, savings, mortgages, investments, and insurance through its parent company Ambank Company.
Best for: Residents of Iowa and South Dakota communities served by American State Bank seeking full-service regional banking, Customers wanting integrated banking, investment, and insurance services from a single institution
American State Bank is a community bank offering FDIC-insured checking, savings, debit cards, online banking, and mortgage lending services across multiple Iowa locations.
Best for: Residents of Osceola, Lamoni, Winterset, and surrounding Iowa communities, Customers who value personal relationships and local decision-making over branch convenience
Community bank in Lowden, Iowa offering personal checking, savings, loans, and digital banking since 1913 with emphasis on local relationships.
Best for: Agricultural businesses and farmers seeking specialized farm lending in Iowa, Small business owners in rural Iowa communities preferring local banking relationships
Answer 3 quick questions to see if this provider matches your needs.
1. What's your primary financial goal?
Your credit report contains the raw data behind your score. Learn what's in it, how to read it, and how to dispute errors that could be dragging your score down.
Read guide →Klarna, Afterpay, Affirm — they make spending easy. But what happens to your credit score when you use them? Here's what the fine print doesn't tell you.
Read guide →Learn what makes up your credit score, how it's calculated, what the ranges mean, and how to check yours for free.
Read guide →Affiliate Disclosure: CreditDoc may earn a commission when you click links to Bank and other services. These commissions help us maintain our free research. Our editorial team independently evaluates all services. Compensation does not influence our ratings or rankings. Learn more.