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The bank's holding company is People's Utah Bancorp. However, Beard said, some things won't change. Its first branch wasn't built until the s, in Alpine. Loan growth last year was up about 38 percent, and overall growth is typically about 15 percent per year, he said. It has purchased property in West Jordan at Jordan Landing, which likely will be the next branch to open. Over the next decade, the bank's expansion picked up steam, with the bank of american fork highland of full-service branches in Highland, Orem, Lehi, Pleasant Grove and Spanish Fork.
In March, the bank will open its 11th branch, in Riverton. Orville Gunther, a local businessman, had been serving on the Bank's board of directors for several years when, in the early s, he purchased a controlling interest in the bank. The bank re-opened later that year. With growth came some hard questions, said Richard Beard, Bank of American Fork's chief executive officer. The name, for example. In its early years, the bank found modest success servicing mostly sheep bank of american fork highland in Utah County.
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Decades later, the bank purchased and restored a historical building constructed in and listed on the National Register of Historic Places in Loan growth last year was up about 38 percent, and overall growth is typically about 15 percent per year, he said. The transaction was completed on October 6, , and the five surviving Banner Bank branches began operating under the name Bank of American Fork on October 9, , bringing the total number of Bank of American Fork branches to 20, and the total number of branches in the People's Intermountain Bank family to In early , 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. It's a small town, and that's how we do business.