EXTRA! EXTRA! Read all about it.
Keeping you up to date with the latest news about American Bank and issues that affect your financial life.
End of Support for Internet Explorer Versions 10 and Older
Microsoft will end security updates for all versions of Internet Explorer 7 and 8, and for most versions of Internet Explorer 9 and 10, after their January 12, 2016 patch release. If you are an Internet Explorer user, you will need to upgrade to Internet Explorer 11 (if you have not already done so) to continue to receive security updates and technical support for this browser. It is good practice to update your browser to the latest version on a regular basis to benefit from enhancements and ensure that you continue to receive security patches. You can find links in our Security Center to download the most recent, supported browsers at no cost.
American Bank Collects Over 600 Teddy Bears for Women’s Shelter
Representatives from the Women’s Shelter of South Texas will be at American Bank’s Southside location (5120 S. Padre Island Dr.) on Wednesday, January 6 at 10:00 a.m. to collect over 600 teddy bears. This year’s drive netted a total of 610 bears from the bank’s Corpus Christi and Port Aransas locations.
This marks the twenty-first year customers and employees of American Bank have collected teddy bears during the holiday season for the Women’s Shelter. The teddy bears were the decorations on the Christmas trees at each of American Bank’s locations. The Women’s Shelter will give the bears to victims of crime and abuse throughout the coming New Year.
Teddy bears collected in Rockport (30) will be donated to Rockport/Fulton Police Departments and Volunteer Fire Departments. In Victoria, 54 bears will be donated to the Victoria Police Officer’s Association. Goliad collected 45 bears for the Goliad County Sheriff’s Department. And, American Bank’s Austin locations collected 80 teddy bears for Mainspring Schools.
American Bank was founded in 1970 and is the largest locally-owned and independent financial institution in the Corpus Christi area, with assets totaling nearly $1.3 billion as of September 30, 2015. The bank has 12 branches: six in Corpus Christi; one each in Port Aransas, Rockport, Goliad, and Victoria; and two in Austin.
American Bank Opens New Austin Office in The Domain
December 14, 2015 – Austin, TX – American Bank opened its fourteenth location on Monday, December 14, with a Loan Production Office (LPO) to serve North Austin, Round Rock and the surrounding communities. The office is located in the heart of The Domain, a premier mixed-use real estate development in Austin’s northwest corridor. The Domain LPO occupies approximately 2,000 square feet in Suite 440 of the d7 building, a 222,000 RSF Class “A” office project located at 11501 Alterra Parkway.
The Domain LPO is American Bank’s fourth location in the Austin market. It is staffed by two experienced commercial lending officers: Donna Day and Rob Wilson, with Ms. Day managing the activities of the office. Both Day and Wilson have expertise in general business lending, as well as real estate lending in the Austin market. The Domain location also has available space for American Bank’s Trust, Cash Management and Mortgage Lending officers to conveniently meet with customers from the North Austin and surrounding areas.
American Bank was founded in 1970 in Corpus Christi, and is the largest locally-owned and independent financial institution in that area, with assets totaling nearly $1.3 billion as of September 30, 2015. Recognizing the need for a strong community bank with a local board, which specializes in financial solutions for small- to-mid-sized businesses, entrepreneurs, professionals and executives, the bank entered the Austin market in 2001 with a Westlake branch, now located at 3520 Bee Caves Road. Two additional Austin locations followed: Downtown, at 620 Congress Ave., Suite 100, which opened in 2012, and the Austin Region Executive Offices in the One American Center building at 600 Congress Ave., Suite 1850, which opened in 2013. Ten other offices are located in Texas: six in Corpus Christi, and one each in Port Aransas, Rockport, Goliad and Victoria. The bank offers a full range of personal and business loan and deposit solutions, along with mortgage lending and trust and asset management services. A full range of non-bank investment services is also available through American Investment Services, a division of Herndon Plant Oakley Ltd., member FINRA/SIPC.
American Bank Board Announces Leadership Transition
Corpus Christi, TX – American Bank’s Board of Directors has announced the election of new executive and board leadership, effective January 1, 2016. Ben B. Wallace has been elected Chairman of the Board and Richard F. Scanio President and CEO.
Wallace will replace Co-Chairman and Chief Executive Officer Al Jones, who is stepping down from those roles effective December 31, 2015. Wallace has been serving as Co-Chairman of the Board of Directors and Scanio as President and Chief Operating Officer. Jones will stay actively involved with the Bank, continuing to serve as a Director and President of American Bank Holding Corporation, the entity which owns American Bank, American Financial Insurance Services (which owns Borden Insurance), AB Asset Management, and ABNA Investments.
“American Bank just completed 45 years of service to the Corpus Christi community and is going strong, with expansion in other areas of Texas. This is a perfect time to begin the transition to the next generation of American Bankers,” said Jones. “As a locally-owned and operated organization, American Bank is built on personal relationships. The Hawn and Scanio families started this bank, and the next generation of the founding families is still actively involved. You do not find that in many banks these days.” Jones added, “We are a family bank through and through. From our ownership to our employees, the American Bank family is among the finest you will ever find.”
Wallace has served the Bank as general counsel and on the Board of Directors since 1984. He was elected Vice-Chairman in 2004, and Co-Chairman in 2014. Wallace is involved in other business interests throughout Central and South Texas. Scanio has been with the Bank since 1989, serving in various positions including Chief Lending Officer. He was elected to the Board of Directors and named Executive Vice President in 2004. In 2007, he was named Chief Operating Officer and in 2009 became President of the Bank. Jones said, “Both men are extremely capable banking professionals; their experience will serve American Bank well.”
Jones has been with the Bank since its inception in 1970, and was elected to the Board of Directors in 1976. He started as Cashier and later served as Vice President of Operations. From 1988 to 2004, he held the position of President and CEO. In 2004, he was elected Chairman of the Board and CEO.
“Al is the longest-serving member of the American Bank family, and has been instrumental in building this Bank from the ground up, literally,” said Wallace. “His legacy to the Bank and the communities we serve is one of dedication, loyalty, and creating better places to live and work.” Since Jones became Chairman and CEO in 2004, American Bank’s assets have more than doubled, from $633 million to $1.3 billion.
Robert D. Wilson Joins American Bank; Lindsey Cartwright Promoted to E-Branch Management Officer
September 4, 2015 – Austin, TX – American Bank is pleased to announce that Robert D. Wilson has joined its Austin lending team as a Commercial Lending Officer. He is presently located at the bank’s Austin Region Executive Offices at 600 Congress Ave., Ste. 1850, but will be moving to the bank’s new lending office in The Domain, at 11501 Alterra Parkway, Ste. 440, when it opens in late 2015.
Wilson comes to American Bank after facilitating another bank’s expansion into the Austin market. Prior to that, he was the owner and managing partner for W Building & Design. He holds a Bachelor of Arts degree from the University of Texas. Wilson is involved with the Independent Bankers Association of Texas, the Real Estate Council Austin, the Austin Chamber of Commerce and Partnerships for Children.
In other Austin market news, Lindsey Cartwright has been promoted to E-Branch Management Officer. She joined the bank in 2010 and was named E-Branch Manager in early 2013. Cartwright is responsible for managing the bank’s website and its electronic banking products and services. She holds a BBA in Marketing from Southwestern Oklahoma State University.
American Bank was founded in 1970 in Corpus Christi, and is the largest locally-owned and independent financial institution in that area, with assets totaling over $1.3 billion as of June 30, 2015. Recognizing the need for a strong community bank with a local board, that specializes in financial solutions for small- to-mid-sized businesses, entrepreneurs, professionals and executives, the bank entered the Austin market in 2001 with a Westlake branch, now located at 3520 Bee Caves Road. Today, there are two additional Austin locations as well: Downtown, at 620 Congress Ave., Suite 100, and the Austin Region Executive Offices in the One American Center building at 600 Congress Ave., Suite 1850. Ten other offices are located in Texas: six in Corpus Christi, and one each in Port Aransas, Rockport, Goliad and Victoria. The bank offers a full range of mortgage lending services and trust and asset management services. A full range of non-bank investment services is also available through American Investment Services, a division of Herndon Plant Oakley Ltd., member FINRA/SIPC.
Important: End of support for Internet Explorer 8 and older
Effective August 27, 2015, Internet Explorer versions 8 or older will be no longer be able to access the American Bank website or Bank OnLine. This change is security-related and is necessary to ensure our customers’ protection. To maintain access to AmericanBank.com and Bank OnLine services, please update your browser to the latest version. This is a good practice to undertake on a regular basis, as browsers become more secure with each new release. So, even if you are currently using a version later than 8, you will benefit by installing the newest version. You can find links in our Security Center to download the most recent, supported browsers at no cost.
As a reminder, the Windows XP Operating System is no longer on our list of approved operating systems for Bank OnLine and Cash Management services. Additional information regarding Windows XP end of support can be found in our Security & Browser Information.
Android Vulnerability Fraud Alert
Android users should be aware of a vulnerability in the Android operating system that has recently been announced. It’s called “Stagefright.” This vulnerability could allow a fraudster to send an Android phone or other MMS-capable device a text message that can take over the device without the user’s knowledge – even if the user doesn’t view the message. Patches for “Stagefright” have been released, and it is up to the device manufacturers and wireless carriers to push these updates out. This process has already begun for some device models. Older devices may be more vulnerable than newer ones and, according to Google, there is technology on Android devices of 4.0 and higher that should prevent “Stagefright” takeover.
We strongly encourage Android users to contact their mobile carrier about a fix for “Stagefright.” Additionally, some devices have a setting “Automatically retrieve MMS” that the user can disable in order to prevent any malicious text messages from being automatically retrieved. The message would still run, however, if it was clicked on. Disabling the setting would also affect all text message retrievals.
Steven Tyler Joins Trust & Asset Management in Austin
February 24, 2015 - Austin, TX - American Bank is pleased to announce that Steven Tyler has joined its Trust and Asset Management team as Senior Trust Officer for the Central Texas region. He is located in Austin at 600 Congress Ave., Ste. 1850, at the bank’s regional Executive Offices in One American Center.
Tyler has nearly 15 years of experience in trust and estate administration and investment management. He joins American Bank after serving as a Senior Trust and Fiduciary Specialist in the Central Texas operations of a large nationwide bank. He holds a Bachelor of Business Administration degree from The University of Texas and a Juris Doctor from St. Mary’s University School of Law.
American Bank was founded in 1970 in Corpus Christi, and is the largest locally-owned and independent financial institution in that area, with assets totaling nearly $1.3 billion as of December 31, 2014. The Trust and Asset Management department was formed in 2001. Recognizing the need for a strong community bank with a local board - that specializes in financial solutions for small- to-mid-sized businesses, entrepreneurs, professionals and executives - the bank entered the Austin market that same year with a Westlake branch, now located at 3520 Bee Caves Road. Today, there are two additional Austin locations: Downtown, at 620 Congress Ave., Suite 100, and the Austin Region Executive Offices in the One American Center building at 600 Congress, Suite 1850. Ten other offices are located in Texas: six in Corpus Christi, and one each in Port Aransas, Rockport, Goliad and Victoria. The bank also offers a full range of mortgage lending services and non-bank investment services are available through American Investment Services, a division of Herndon Plant Oakley Ltd., member FINRA/SIPC.
Michael Hunter Joins Borden Insurance
January 21, 2015 – Corpus Christi, TX – Borden Insurance is pleased to announce that Michael Hunter has joined its team as an Account Executive. He is located at 210 S. Carancahua St., Ste. 400.
Prior to joining the agency, Hunter served as a Financial Advisor with Merrill Lynch. He has also worked as a Research Assistant with the College of Engineering at Texas A&M University - Corpus Christi and held an internship with the Corpus Christi Hispanic Chamber of Commerce.
A Corpus Christi native, Hunter is active in many community organizations including the Texas State Aquarium, the Downtown Rotary Club, the Art Museum of South Texas, the Padre Island Business Association, Del Mar College and the USS Lexington Museum. He currently serves on the boards of the Young Business Professionals of the Coastal Bend, Corpus Christi Town Club, Corpus Christi Museum of Science and History, Corpus Christi Tennis Association and the Rising Tide Society. He has been recognized as a Texas A&M University - Corpus Christi Business Alumni of the Year and as a Sponsor of the Year for the Young Business Professionals. He has also been active in economic development delegations working on behalf of the Coastal Bend.
Hunter holds a Master of Business Administration degree from Texas A&M University - Corpus Christi and a Bachelors degree in Business Marketing from Trinity University in San Antonio.
Borden Insurance was founded in 1947 and is one of the oldest and largest independent insurance agencies in Texas. The firm provides property and casualty insurance for consumers and businesses, as well as employee benefits services. They are a Trusted Choice agency and a member of the Independent Insurance Agents of Texas. As such, they represent a number of the largest and strongest U.S. insurance companies. In 2000, the agency became part of the American Bank family, as a wholly-owned subsidiary of the bank, which is headquartered in Corpus Christi, Texas.
Al Jones of Corpus Christi Appointed to Dallas Fed’s San Antonio Branch Board
DALLAS - 01/07/2015 - The Federal Reserve Bank of Dallas has appointed Alfred B. Jones of Corpus Christi to the Bank’s San Antonio Branch board of directors for the remaining portion of a three-year term ending Dec. 31, 2015.
As a board member, Jones will provide input on regional economic conditions as part of the Federal Reserve’s monetary policy functions.
Jones is chairman and CEO of American Bank, N.A., and president of American Bank Holding Corp., headquartered in Corpus Christi.
He currently serves as chairman of the Corpus Christi Regional Economic Development Council and as a commissioner on the Port of Corpus Christi. He also serves on the board of Texas Exes, University of Texas System Chancellor’s Council Executive Committee and Business Advisory Council for the Texas A&M University—-Corpus Christi College of Business.
In recent years, Jones has served as chair of the Independent Bankers Association of Texas and Christus Spohn Health System, and is founding director of the Subchapter S Bank Association.
The San Antonio Branch board consists of seven members, four appointed by the Dallas Fed and three by the Federal Reserve Board of Governors in Washington, D.C.
Unexpected Delivery Fraud Alert
01/09/2015 - In other cities, some residents have been scammed following a phone call from “Express Couriers” asking if they would be home to receive a delivery. The caller says that the delivery will arrive in roughly an hour. At that time, a uniformed delivery man arrives with a beautiful basket of flowers and wine. (These deliveries have occurred at various times of the year, not just during the holiday season.)
In one specific situation, the recipient was intrigued by the gift and asked who had sent it. The delivery man said he didn’t know, but that a card would arrive separately. He then went on to explain that, because the gift contained an alcoholic beverage, there was a $3.50 “delivery charge” required, as proof the package had been delivered to an adult, and not just left on the doorstep.
This sounded reasonable, so the recipient offered cash. The delivery man then said that the company couldn’t accept cash and required payment by credit or debit card in order to properly account for everything. The recipient provided a card, and swiped it through a mobile card machine that looked much like the machines UPS and FedEx carry. The delivery man then asked that the PIN be entered, and requested the security code from the back of the card. A receipt was even printed out.
Over four days following the delivery, some $4,000 was withdrawn from the recipient’s account using various ATM machines. When the card was swiped, the “mobile payment machine” evidently downloaded all the information from it. With that - and the PIN and security code provided by the recipient - they had everything necessary to create a dummy card.
This sort of scam may have minor variations, but the key lesson is to never give out card information unless it is related to a purchase you made or you know who the gift is from.