Built 1911 Opened 1911 Architectural style Neoclassical architecture Added to NRHP 9 March 1993 | NRHP Reference # 93000065 Area 400 m² Function Bank | |
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Location 33 E. Main St., American Fork, Utah | ||
Universtity of utah case study on bank of american fork for csbs
Bank of American Fork is a bank in American Fork, Utah. Originally called The People's State Bank of American Fork, it officially changed its name to Bank of American Fork in the 1960s. Bank of American Fork recently purchased and is restoring a historical building built in 1911 and was listed on the National Register of Historic Places in 1993. The historic building originally housed the original Bank of American Fork that closed after the 1929 stock market crash.
Contents
- Universtity of utah case study on bank of american fork for csbs
- Bank of american fork bryan waldon pope
- History
- References
The bank's headquarters is significant as the only surviving bank building and the "most visually impressive" of four surviving intact historic commercial buildings on Main Street.
Bank of american fork bryan waldon pope
History
The Bank of American Fork was established in 1913 as The People's State Bank of American Fork. In its early years, the bank found modest success servicing mostly sheep farmers in Utah County. Key to the bank's success was the leadership of Clifford E. Young, the Bank's manager from 1913 until the mid 1950s.
After the stock market crash of 1929, the Bank survived with the help of Young and other shareholders who sold and mortgaged their personal property. In early 1932, Young decided to temporarily close People's State Bank instead of risking a run on the bank, as had happened to many banks across the country. The bank re-opened later that year.
Orville Gunther, a local businessman, had been serving on the Bank's board of directors for several years when, in the early 1960s, he purchased a controlling interest in the bank. Soon after, Gunther shortened the name of the bank by dropping "People's State" so that it became known as "Bank of American Fork."
Expansion within Utah began in the 1970s when the Bank's second branch was built in Alpine. The 1990s saw full-service branches constructed in Highland, Orem, Lehi, Pleasant Grove and Spanish Fork. With the new century came new branches in the Salt Lake Valley, including locations in Draper, Sandy, Murray and Riverton. Later, a Saratoga Springs branch opened in Utah Valley and a Layton branch opened in Davis County, bringing the total number of Bank of American Fork branches to 13. In 2014, Bank of American Fork opened a full-service branch in St. George. The bank's holding company is People's Utah Bancorp.