Minot Memories is a blog that pertains to the city of Minot, ND. It is brief glimpses of people, places, things and events of Minot's past that will provide some insight into the history of Minot. This photo Main Street looking south from the railroad tracks about 1940
Thursday, May 26, 2011
American State Bank
American State Bank of Minot received State Charter No.1347 on December 1, 1936 and began operation by the end of the year. The new American State Bank was organized to take over the deposit liabilities and business of the First International Bank of Minot. The new bank also occupied the offices of the former bank at 24 South Main Street . The first president of American State Bank was C.H. Parker. For 10 years American State Bank was located on Main Street then 1946 American State Bank moved in to the First Avenue Building. The assets of the bank had doubled by this time to 12 million dollars. In 1957, American State Bank moved to its present and final location on the northwest corner of 1st Street and 1st Avenue Southwest. The most outstanding feature of the new bank was its drive-in teller. This was the first in Minot at the time. In 1959, American State Bank installed the first electronic banking system in Minot. American State Bank is still operating today… It is now Bremer Bank
I live in Denver and boy would I love to see an honest bank like this one. I long for the way banks used to be, like American State Bank. This country needs to return to the Glass - Stegal Act.
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