ABOUT US

On August 13, 1979, Dale Hollow Savings & Loan was opened on West Main Street in Livingston with 3 employees. Due to the negative connotation during the period of savings and loan failures in the early-to-mid 1980's, Dale Hollow Savings & Loan took on the new name of American Savings Bank, commonly referred to as ASB. In 1990, growth brought expansion of the bank building, doubling the size. That facility is the same building in which we still operate at 808 West Main Street in Livingston. American Savings Bank converted from a savings and loan to a state chartered bank in June, 1994. Real estate was purchased in Cookeville for planning of future branching in September, 2001. The decision was made after this acquisition to eliminate "savings" from the bank name and eliminate any association to the failed savings and loan industry. American Savings Bank became American Bank & Trust of the Cumberlands in February, 2002. Our expansion to Cookeville finally came about with the opening of the 10th Street Office in Cookeville in December, 2005. One month later, the building program began for the development of the Neal Street office in Cookeville. The Jefferson Street office opened in May, 2007 and the new Neal Street office opened in July, 2007. American Bank & Trust now operates with a staff of 39 full-time employees and 4 part-time employees.