American Bank & Trust: A Comprehensive Guide for Bowling Green, KY
Introduction
American Bank & Trust (AB&T), a financial institution with deep roots in Bowling Green, Kentucky, has been serving the community for over a century. This article aims to provide a comprehensive overview of AB&T's offerings, including banking, mortgage, and investment services, as well as its history and commitment to the Bowling Green area.
Banking Services
AB&T offers a full suite of banking services tailored to meet the financial needs of individuals and businesses in Bowling Green.
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Checking Accounts: AB&T's checking accounts come with competitive interest rates, no maintenance fees, and convenient mobile and online banking options.
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Savings Accounts: Earn interest on your savings with AB&T's high-yield savings accounts, which offer competitive rates and no monthly maintenance fees.
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Money Market Accounts: Combine the flexibility of a checking account with the earning potential of a savings account with AB&T's money market accounts.
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Certificates of Deposit (CDs): Lock in a competitive interest rate for a fixed term with AB&T's CDs.
Mortgage Services
Whether you're a first-time homebuyer or looking to refinance your existing mortgage, AB&T's mortgage team can guide you through the process.
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Fixed-Rate Mortgages: Secure a stable monthly mortgage payment with AB&T's fixed-rate mortgages.
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Adjustable-Rate Mortgages (ARMs): Take advantage of potentially lower interest rates initially with AB&T's ARMs, which have the potential to fluctuate over time.
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FHA Loans: Qualify for a mortgage with a lower down payment and flexible credit requirements with AB&T's FHA loans.
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VA Loans: Active and retired military personnel may be eligible for mortgage loans with no down payment and no private mortgage insurance (PMI) through AB&T's VA loans.
Investment Services
AB&T's investment advisors can help you plan for the future and grow your wealth.
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Brokerage Services: Access a wide range of investment products, including stocks, bonds, and mutual funds, through AB&T's brokerage services.
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Financial Planning: Receive personalized financial advice and investment recommendations from AB&T's experienced financial planners.
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Retirement Planning: Plan for a secure retirement with AB&T's retirement planning services, which include IRAs and 401(k) plans.
History and Community Involvement
AB&T has a rich history in Bowling Green, dating back to 1907. Over the years, the bank has been actively involved in supporting the community through financial literacy programs, charitable donations, and volunteerism.
- AB&T is a founding member of the Bowling Green Area Chamber of Commerce.
- The bank has donated over $1 million to local charities and organizations.
- AB&T employees volunteer thousands of hours annually with local nonprofits.
Key Figures
- AB&T has over $1 billion in assets.
- The bank has over 200 employees.
- AB&T operates 12 branches in Bowling Green and the surrounding area.
Tables
Banking Services |
Mortgage Services |
Investment Services |
Checking Accounts |
Fixed-Rate Mortgages |
Brokerage Services |
Savings Accounts |
Adjustable-Rate Mortgages (ARMs) |
Financial Planning |
Money Market Accounts |
FHA Loans |
Retirement Planning |
Certificates of Deposit (CDs) |
VA Loans |
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Tips and Tricks
- Take advantage of AB&T's mobile and online banking options for convenient access to your accounts.
- Consider setting up automatic transfers from your checking to your savings account to build your wealth over time.
- Meet with an AB&T financial advisor to receive personalized financial advice tailored to your specific goals.
Stories and Lessons Learned
Story 1:
A young professional, Emily, was struggling to save for a down payment on a home. She met with an AB&T financial planner who helped her create a budget and set financial goals. Within a year, Emily had saved enough for a down payment and purchased her first home.
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Lesson Learned: Seek professional financial advice to achieve your financial goals faster.
Story 2:
A retiree, John, wanted to ensure a secure retirement for himself and his wife. He worked with an AB&T investment advisor who developed a retirement plan that included a balanced portfolio of stocks, bonds, and mutual funds. John and his wife are now enjoying a comfortable retirement.
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Lesson Learned: Plan for retirement early and seek professional guidance to maximize your investments.
Story 3:
A local business owner, Lisa, needed a loan to expand her operations. She applied for an AB&T business loan and was approved with a competitive interest rate. Lisa used the loan to purchase new equipment and hire additional staff, which helped her business grow significantly.
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Lesson Learned: Explore financing options with AB&T to support your business growth.
Pros and Cons
Pros:
- Competitive interest rates
- No maintenance fees on certain accounts
- Convenient mobile and online banking
- Experienced financial advisors
- Active community involvement
Cons:
- Limited branch locations outside of Bowling Green
- Reduced interest rates on savings accounts
- Higher loan fees than some competitors
FAQs
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What is AB&T's routing number? 081900013
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How do I access my account online? Visit abtrust.com and click on "Online Banking."
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Can I open an account online? Yes, you can open certain types of accounts online, such as checking accounts and savings accounts.
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What is the minimum balance required for a checking account? $500
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How long does it take to get approved for a mortgage? Typically 30-60 days
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What are the fees associated with an AB&T mortgage? Origination fee, underwriting fee, title insurance, and closing costs
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Can I get a loan if I have bad credit? AB&T may be able to offer loan options for borrowers with less-than-perfect credit.
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How do I contact AB&T customer service? Call 1-800-363-9922 or visit abtrust.com/contact-us