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Important message from American National Bank regarding COVID-19 preparedness

To Our Valued Clients,

Our branch lobbies are closed to unscheduled walk-in traffic.

Services will be fully available via our mobile and online platforms, as well as from our drive-thru windows, ITMs, and ATMs. Please check the ‘Locations’ tab for access points nearest to you.

We want to assure you of the following as it relates to the continuity of our business operations:

  • American National Bank has been, and will continue to, actively monitor developments regarding the potential spread, and impact of the coronavirus with guidance from relevant authorities, including the Centers for Disease Control and Prevention (CDC), World Health Organization and U.S., state and local government entities. We feel it is imperative to limit face-to-face interaction until we have assurances from our local health departments that the virus is contained with no further risk of community-related spread.
  • American National Bank’s Business Continuity Planning Program was successfully deployed several weeks ago with protocols that are active and reliable.
  • American National Bank remains committed to providing the highest level of service with multiple layers of protection for our most important assets: our people, information security and cash flow.

We are here to help you:

  • In the event you need to meet in person, we invite you to contact your local branch or banker or click here to make an appointment. We request that you follow the CDC guidelines of self-screening to personally evaluate yourself to determine if you could be at risk by exhibiting any of the symptoms related to the virus. Visit www.cdc.gov for more information. 
  • If you are experiencing a hardship or have a different need, please click here.
  • Contact our Customer Service representatives with any questions at 1-800-279-0007, M-F: 7am-7pm, Sat: 8am-1pm
  • If you are a business or commercial client, please reach out to your Relationship Manager
  • To protect yourself against any COVID related scams, please look out for any suspicious activity from emails, texts and phone calls that may impersonate a company, charity or government agency. Never share sensitive information and do not click on links or open attachments as they may be malicious. For more information go to: https://www.us-cert.gov/ncas/current-activity/2020/03/06/defending-against-covid-19-cyber-scams

American National Bank thanks you for your understanding and patience during this unprecedented time. We appreciate the trust you place in us and want you to know that the health and safety of our clients and employees is our top priority. We view the implementation of this change in access as part of our contribution to maintaining a strong and healthy community.


Schedule Appointment

System Maintenance

As part of our ongoing efforts to better serve you and improve our business processes, we will be performing a routine system maintenance on Saturday, May 30 at 10:00pm until 12:00am. During this time, Online Banking, Mobile Banking and iBank Services will be unavailable. We apologize for the inconvenience and look forward to providing superior performing products for our clients.

American National Bank

As of 3/30/2020

CARES Act

On March 27, 2020, Congress approved, and the President signed, the Coronavirus Aid, Relief, and Economic Security Act (CARES Act) to provide financial assistance to individuals and businesses affected by the virus.

 

Small business and non-profits

Under the Act, $349 billion is available to assist small business organizations including nonprofits, qualified veteran organizations and certain Tribal business concerns employing fewer than 500 employees. Loans are made through SBA-qualified bank lenders. The Act expands the Small Business Administration (SBA) authority through Paycheck Protection Program* loans.

 

Larger Businesses

The CARES Act authorizes the Department of the Treasury to provide additional support through Federal Reserve lending programs. Though details are not yet announced, the Treasury is required to seek the implementation of a Federal Reserve lending program that targets U.S.-eligible businesses (and, to the extent practicable, nonprofit organizations) with between 500 and 10,000 employees. The CARES Act also suggests that the Federal Reserve may establish a Main Street Business Lending Program or facility that supports lending to small and mid-size businesses on such terms and conditions that are consistent with its authority under the Federal Reserve Act.

 

Checking Account Protection

The CARES Act also authorizes the FDIC to re-implement the transaction account guarantee program, subject to a cap on amounts insured, which is presumed to be much greater than the current FDIC $250,000 amount. During the 2008 financial crisis, the FDIC provided unlimited insurance for amounts held in non interest-bearing transaction accounts (i.e. checking accounts that don’t pay interest). The Dodd-Frank Act prohibited the FDIC from ever providing that again. The CARES Act authorizes the FDIC to reinstate the program through December 31, 2020. The current draft of legislation limits coverage to “a maximum amount” without specifying a number. Effectiveness will require FDIC action. Since its formation, no depositor has lost a penny of FDIC-insured funds which is backed by the Full Faith and Credit of the US Government.