American signs agreement with Community First Bank of Glendive
American Bancor, Ltd. has signed an agreement that will make Community First Bank in Glendive, MT a part of American Bank Center.
Terry Lobdell, President of Community First Bank, will continue to serve as President and there will be no personnel changes.
Lobdell stated, “The agreement will allow us to expand our products and services and draw on the support and resources of American Bancor Ltd. and its subsidiaries."
Lobdell went on to say that working with the management and staff at American Bank Center has been very positive. “In today’s regulatory environment it has become difficult for small independent banks to survive. American Bank Center will provide services to our customers and staff that will help make us more effective and efficient in meeting the needs for our customers,” stated Lobdell.
American Bank Center President/CEO Stan Koppinger commented, “We look forward to our affiliation with Community First Bank of Glendive. We share many common interests and look forward to providing our numerous products and services in the Glendive market.” Koppinger went on to say that he has known Terry for some time and he respects him and the group that built a successful bank. “We are excited to work with Terry and his staff at Community First Bank and welcome them to the American family,” Koppinger added.
The agreement is subject to regulatory approval.