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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.


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American National Bank

Securing Financing?

These days, it may appear difficult to secure business financing. The truth is, it's not as easy as it once was. But there's still money out there; banks are in business to lend money. However, it's more readily available to businesses of measured risk that can demonstrate repayment resources and good relationships with their bank. So your goal, as a borrower in today's market, is to stand out from all the other companies looking for financing.

Try to anticipate every question that your banker will have. How much money do you need? How long do you need it? How are you going to use it? This combination of information and preparation is a powerful negotiating tool. So demonstrate your business savvy with a written proposal that describes your business objectives, management profile, and market and industry trends. Be sure to include risks, customer base, products, distribution channels, suppliers and competition. Show the bank your repayment sources, supported by business and personal financial statements, cash flow schedules and budgets. Tell your story in a way that highlights your successes and acknowledges your challenges.

A bank will also require a cash flow cushion should revenues decline or operating expenses increase. These projections are crucial to your business plan. Banks are cash flow and collateral lenders, and it's common to require a guarantee from borrowers who may pledge assets to secure a loan.

There's no business with no risk. You know that. And your banker knows it, too. If you don't discuss risk, bankers may assume that you haven't thought about it. But bankers do want to know if you have planned for major risks and how you would manage them. Having a Plan B can help convince the bank of your commitment.

It never hurts to demonstrate that you have good character and are a good risk yourself. You can show your good faith by moving all your personal and business accounts to your lending bank. If they're giving you their commitment, give them yours. Make a point of getting to know your banker and your bank staff.

Lenders assess their risk by evaluating your time in business, proper ownership, lawsuits, liens, and bill payment history. So before your apply for financing, make sure you understand how your company appears to lenders, and put your best foot forward.