COMMUNITY REINVESTMENT ACT POLICY AMERICAN BANK OF … · COMMUNITY REINVESTMENT ACT POLICY...

COMMUNITY REINVESTMENT ACT POLICY

AMERICAN BANK OF THE NORTH

American Bank of the North is committed to understanding, responding to, and meeting the

credit needs of the communities we serve. We strive to ensure that potential customers in

our communities are aware of the financial products and services we offer, including the low

to moderate income residents in our lending assessment area.

For Community Reinvestment Act purposes, American Bank of the North defines its

assessment area as all of Itasca County, most of the northern part of St. Louis County, and

one census tract in Aitkin County. The delineation of our assessment area does not

necessarily restrict our participation in loans outside of our primary lending area.

American Bank of the North seeks loans throughout our assessment area through our

marketing program, employee involvement in community organizations, bank support of

and participation in community events, and continually assessing the credit needs of the

communities we serve through employee involvement in development organizations and

activities.

Our lending programs and deposit services truly meet the needs of our local communities.

We offer the following types of credit to credit-worthy borrowers without discrimination and

as funds permit according to safe and sound banking practices:

Home Purchase Loans Small Business Administration Loans

Home Refinance Loans Business Loans and Lines of Credit

Home Improvement Loans Construction Loans

Home Equity Loans Consumer Installment Loans

Home Equity Lines of Credit Credit Cards

Secondary Market Mortgage Programs Commercial and Industrial Loans/Credit Lines

Private Education Loans Commercial Letters of Credit

As a result of decades of serving the credit needs of our communities, we have determined

that commercial, small business and home loans are most in demand.

Our Mortgage Department works with Rural Development, Fannie Mae, and FHA to offer

loans that assist first time homebuyers by providing 100% financing in some cases, and

requiring smaller down payment requirements. We also offer VA loans.

We have made and will continue to loans to low and moderate income borrowers anywhere

within our assessment area as long as the borrower is credit-worthy. Additionally, we have

made loans to local small business enterprises and are willing to participate with other

agencies to provide special credit related programs such as the Small Business

Administration, the Minnesota Business Finance Corporation, the Iron Range Resources and

Rehabilitation Agency, Northland Foundation, Northeast Entrepreneur Fund, and Arrowhead

Regional Development Commission.

American Bank will continue to assist, consistent with sound banking practices, our local

units of government by investing in local bond issues where appropriate as well as making

available short-term credit to such units. We have also participated and will continue to

participate in local development and redevelopments projects and programs.

American Bank believes that service to our communities does not end with the lending

function. Therefore, we will continue to encourage our employees to be active in our

communities’ civic associations, city government, school boards, and other civic endeavors

that promote the development needs of our area.

We also encourage our employees to take a proactive approach to determining community

needs by being involved in organizations concerned with community development and the

needs of low and moderate income people. In addition, it is the policy of American Bank to

supply speakers on banking and financial matters to school classes, community

organizations, housing agencies, and other interested groups.

Employees have been instructed to be on the alert to the changing needs of our

communities. As a direct result of this, we have enhanced our services and expanded bank

access available to our customers by educating them about our ATM partnerships, mobile

banking and remote mobile banking services, e-statements, e-pay, e-deposits, P2P, 24-hour

telephone banking, internet banking, and credit card and prepaid card options.

Our CRA policy is reviewed periodically by our Board of Directors to assure that viable and

relevant credit extension programs are always available to our communities, consistent with

applicable state and federal regulations and directives, and the Board’s overall responsibility

of maintaining a safe and sound financial institution.

BOD approval: March 2019 - krs

COMMUNITY REINVESTMENT ACT NOTICE

Main Office – Nashwauk Downtown

Under the federal Community Reinvestment Act (CRA), the Federal Deposit Insurance

Corporation (FDIC) evaluates our record of helping to meet the credit needs of this

community consistent with safe and sound operations. The FDIC also takes this record

into account when deciding on certain applications submitted by us.

Your involvement is encouraged.

You are entitled to certain information about our operations and our performance

under the CRA, including, for example, information about our branches, such as their

location and services provided at them; the public section of our most recent CRA

Performance Evaluation, prepared by the FDIC; and comments received from the public

relating to our performance in helping to meet community credit needs, as well as our

responses to those comments. You may review this information today.

At least 30 days before the beginning of each quarter, the FDIC publishes a nationwide

list of the banks that are scheduled for CRA examination in that quarter. This list is

available from the Regional Director, Federal Deposit Insurance Corporation, 1100

Walnut St, Suite 2100, Kansas City, MO 64106. You may send written comments about

our performance in helping to meet community credit needs to Kim Stokes, CRA Officer,

PO 415, Mt. Iron, MN 55768, and FDIC Regional Director. You may also submit

comments electronically through the FDIC's Web site at www.fdic.gov/regulations/cra. Your

letter, together with any response by us, will be considered by the FDIC in evaluating our CRA

performance and may be made public.

You may ask to look at any comments received by the FDIC Regional Director. You may

also request from the FDIC Regional Director an announcement of our applications

covered by the CRA filed with the FDIC. We are an affiliate of Mesaba Bancshares, a

bank holding company. You may request from the Federal Reserve Bank of

Minneapolis, Minnesota at 90 Hennepin Avenue, Minneapolis, MN 55401, an

announcement of applications covered by the CRA filed by bank holding companies.

KANSAS CITY REGIONAL OFFICE Marianne Hartman Deputy Regional Director Federal Deposit Insurance Corporation 1100 Walnut St, Suite 2100 Kansas City, MO 64106

(816) 234-8000 (816) 234-8190 FAX Iowa, Kansas, Minnesota, Missouri, Nebraska, North Dakota, South Dakota

COMMUNITY REINVESTMENT ACT NOTICE

Branch Offices

Under the federal Community Reinvestment Act (CRA), the Federal Deposit Insurance Corporation

(FDIC) evaluates our record of helping to meet the credit needs of this community consistent with

safe and sound operations. The FDIC also takes this record into account when deciding on certain

applications submitted by us.

Your involvement is encouraged.

You are entitled to certain information about our operations and our performance under the CRA.

You may review today the public section of our most recent CRA evaluation, prepared by the FDIC,

and a list of services provided at this branch. You may also have access to the following additional

information, which we will make available to you at this branch within five calendar days after you

make a request to us: (1) a map showing the assessment area containing this branch, which is the

area in which the FDIC evaluates our CRA performance in this community; (2) information about our

branches in this assessment area; (3) a list of services we provide at those locations; (4) data on our

lending performance in this assessment area; and (5) copies of all written comments received by us

that specifically relate to our CRA performance in this assessment area, and any responses we have

made to those comments. If we are operating under an approved strategic plan, you may also have

access to a copy of the plan. If you would like to review information about our CRA performance in

other communities served by us, the public file for our entire bank is available at our Expressway and

Nashwauk Offices, located respectively at 8401 Unity Drive in Mt. Iron and 117 Central Avenue in

Nashwauk, Minnesota.

At least 30 days before the beginning of each quarter, the FDIC publishes a nationwide list of the

banks that are scheduled for CRA examination in that quarter. This list is available from the Regional

Director, Federal Deposit Insurance Corporation, 1100 Walnut St, Suite 2100, Kansas City, MO 64106.

You may send written comments about our performance in helping to meet community credit needs

to Kim Stokes, CRA Officer, at PO 415, Mt. Iron, MN 55768, and FDIC Regional Director. You may also

submit comments electronically through the FDIC's Web site at www.fdic.gov/regulations/cra. Your letter,

together with any response by us, will be considered by the FDIC in evaluating our CRA performance and may

be made public.

You may ask to look at any comments received by the FDIC Regional Director. You may also request

from the FDIC Regional Director an announcement of our applications covered by the CRA filed with

the FDIC. We are an affiliate of Mesaba Bancshares, a bank holding company. You may request from

the Federal Reserve Bank of Minneapolis, Minnesota at 90 Hennepin Avenue, Minneapolis, MN

55401, an announcement of applications covered by the CRA filed by bank holding companies.

KANSAS CITY REGIONAL OFFICE Marianne Hartman Deputy Regional Director Federal Deposit Insurance Corporation 1100 Walnut St, Suite 2100 Kansas City, MO 64106

(816) 234-8000 (816) 234-8190 FAX Iowa, Kansas, Minnesota, Missouri, Nebraska, North Dakota, South Dakota

ASSESSMENT AREA FOR


COMMUNITY REINVESTMENT ACT POLICY

American Bank defines its lending assessment area as follows:

krs 3/11/19

ITASCA COUNTY CODE 061:

Census Tracts:

9400

4801

4803*

4804

4805

4806

4807

4808.01

4808.02

4809

4810

*There is no census tract 4802.

AITKIN COUNTY CODE 001

7702

Xxxx = Moderate Income Census Tract

Xxxx = Distressed Tract

MSA 20260; ST. LOUIS COUNTY CODE 137:

Census Tracts:

112.00

113.00

114.00

121.00

122.00

123.00

124.00

125.00

126.00

127.00

128.00

130.00*

131.00

132.00

133.00

134.00

135.00

136.00

138.00*

139.00

140.00

141.00

151.00

152.00

153.00

154.00

155.00

*There is no census tract 137 or 129.


PRODUCTS AND SERVICES OFFERED

CONSUMER

Checking Accounts

• All American Rewards

• Custom 50

• Investment Checking

• Overdraft Privilege

Service

ATM Cards

Debit / POS Cards

Savings Accounts

• All American Savings

o Youth Account

• All Seasons Savings

Accounts

• Health Savings Accounts

• IRA Savings

Certificates of Deposit

• Standard Terms

• Flexible Terms

• IRA CDs

Individual Retirement Accounts

• Traditional

• ROTH

• SEPs

• SIMPLEs

• CESAs

Loans

• Checking Ready Reserve

• Personal Line of Credit

• Fresh Start Loans

• Auto Loans

• Recreational Vehicle

Loans

• Stock secured loans

• CD/Savings secured loans

• Unsecured consumer

loans

• Bridge loans

• Mortgage Loans

• Home Equity Loans

• Home Equity Lines of

Credit

• Secondary Market

• Construction Only

• One-time Construction

Loans

Safe Deposit Boxes

• Not available in all

branches

Credit Cards

Secured Credit Card

Visa® Gift Cards

VISA® Travelers’ Cards

Visa® Reloadable Card

Wire Services

Cashiers’ Checks/Money Orders

Check Cashing

Notary Public Services

Night Depository

Medallion Stamp

E-Statements

E-Pay / P2P

E-Deposits

Mobile Banking/E-mobile Text

Banking

Mobile Remote Deposit

Bank to Bank/ PtoP Transfers

ACH and Internet Banking

Online Check Ordering

24 Hour Telephone Banking

COMMERCIAL

Checking Accounts

• Small Business Checking

• Business Checking

• Business Interest

Checking

• Community Pride (non-

profits)

Savings Accounts

• Business Savings

Accounts

Certificates of Deposit

• Standard Terms

• Flexible Terms

Individual Retirement Accounts

• SEPs

• SIMPLE

Loans

• Small business loans and

lines of credit

• Small Business

Administration loans

• Commercial and

Industrial loans

• Business real estate loans

• Working Capital Lines

eStatements

ePay / P2P

Cash Management (ACH/Wires)

ACH Filters

Positive Pay

Remote Deposit

Mobile Remote Deposit

Merchant Credit Card Processing

Business Charge Cards

Business Debit Cards

Wire Services

Visa® Gift Cards

Geti Check Conversion

Notary Public Services

Night Depository Services

Internet Banking

24 Hour Telephone Banking


Cashier’s Checks

Safe Deposit Boxes (Not available

in all branches)

Correspondent Banking Services

• Bank Stock Loans

• Participations

• Merchant Card Services

• Excess Liquidity Account

• Secondary Loans

• Rural Housing Program

• HARP Loans- DU Refi Plus

• VA Loans

• “Niche” Loans

• FHA Loans

KRS 3/2019

AMERICAN BANK AND THE

SMALL BUSINESS ADMINISTRATION

American Bank is committed to working with eligible small businesses in

our local communities to help them obtain alternative financing when they

may not be eligible for business loans through normal lending options. We

will continue to partner with the SBA where feasible, as well as other

various economic development organizations to try and meet the business

needs of our area.

American Bank will continue to participate in the SBA 7(a) Loan Guaranty

Program and the CDC 504 Loan Programs. As of March 1, 2019, our

portfolio consists of 30 SBA loans with total balance of all loans of $7.3

million.

American Bank of the North

Loan to Deposit Ratios Based on Call Report Figures

Sch RC-C #12 Sch RC #13a

Total Total Loan to

Loans Divided by Deposits = Deposit Ratio

6/30/2002 260,454,000 269,313,000 96.71%

9/30/2002 264,916,000 273,131,000 96.99%

12/31/2002 280,217,000 276,293,000 101.42%

3/31/2003 284,553,000 286,420,000 99.35%

6/30/2003 296,494,000 292,021,000 101.53%

9/30/2003 312,667,000 324,653,000 96.31%

12/31/2003 318,378,000 326,484,000 97.52%

3/31/2004 340,457,000 339,376,000 100.32%

6/30/2004 354,131,000 346,954,000 102.07%

9/30/2004 368,019,000 358,428,000 102.68%

12/31/2004 377,961,000 361,168,000 104.65%

3/31/2005 366,486,000 368,694,000 99.40%

6/30/2005 380,340,000 365,323,000 104.11%

9/30/2005 390,551,000 378,680,000 103.13%

12/31/2005 404,342,000 395,476,000 102.24%

3/31/2006 414,024,000 391,993,000 105.62%

6/30/2006 424,926,000 408,370,000 104.05%

9/30/2006 439,117,000 440,728,000 99.63%

12/31/2006 454,347,162 444,598,011 102.19%

3/31/2007 493,168,084 477,459,402 103.29%

6/30/2007 499,431,000 490,258,000 101.87%

9/30/2007 510,828,000 487,662,000 104.75%

12/31/2007 533,953,000 472,826,000 112.93%

3/31/2008 566,108,000 478,259,000 118.37%

6/30/2008 583,187,000 508,262,000 114.74%

9/30/2008 578,509,000 541,618,000 106.81%

12/31/2008 582,509,000 537,730,000 108.33%

3/31/2009 582,187,000 549,282,000 105.99%

6/30/2009 580,331,000 556,403,000 104.30%

9/30/2009 575,215,000 578,917,000 99.36%

12/31/2009 574,565,000 599,878,000 95.78%

3/31/2010 575,597,000 595,572,000 96.65%

6/30/2010 586,793,000 606,465,000 96.76%

9/30/2010 565,380,000 613,457,000 92.16%

12/31/2010 554,041,000 579,747,000 95.57%

3/31/2011 547,500,000 574,540,000 95.29%

6/30/2011 535,899,000 568,767,000 94.22%

9/30/2011 512,788,000 581,669,000 88.16%

12/31/2011 494,368,000 567,237,000 87.15%

3/31/2012 473,417,000 568,396,000 83.29%

6/30/2012 475,453,000 553,518,000 85.90%

9/30/2012 458,121,000 551,955,000 83.00%

12/31/2012 462,712,000 531,032,000 87.13%

3/31/2013 444,454,000 495,714,000 89.66%

6/30/2013 444,425,000 483,350,000 91.95%

9/30/2013 431,116,000 492,211,000 87.59%

12/31/2013 425,315,000 479,410,000 88.72%

3/31/2014 430,880,000 487,257,000 88.43%

6/30/2014 447,043,000 476,811,000 93.76%

9/30/2014 443,769,000 485,376,000 91.43%

12/31/2014 448,376,000 474,846,000 94.43%

3/31/2015 450,460,000 492,364,000 91.49%

6/30/2015 462,521,000 493,649,000 93.69%

9/30/2015 449,882,000 502,746,000 89.48%

12/31/2015 459,135,000 500,791,000 91.68%

3/31/2016 459,251,000 496,466,000 92.50%

6/30/2016 460,529,000 479,765,000 95.99%

9/30/2016 453,238,000 488,807,000 92.72%

12/31/2016 448,880,000 490,933,000 91.43%

3/31/2017 455,026,000 483,499,000 94.11%

6/30/2017 454,326,000 490,612,000 92.60%

9/30/2017 437,728,000 488,864,000 89.54%

12/31/2017 440,863,000 473,720,000 93.06%

3/31/2018 433,844,000 472,660,000 91.79%

6/30/2018 430,266,000 473,377,000 90.89%

9/30/2018 407,995,000 475,576,000 85.79%

12/31/2018 404,315,000 466,378,000 86.69%

3/31/2019 400,161,000 464,143,000 86.22%

BRANCH LOCATIONS AND ATMS

American Bank of the North

• Biwabik

Address Lobby Hours

221 North Main Street

Biwabik, MN 55708

Phone 218-865-6345

Fax 218-865-6744

Monday - Friday 10:00am -

4:00pm

• Chisholm

Address Lobby Hours ATM – 24 hours (Walk-up)

231 West Lake Street

Chisholm, MN 55719

Phone 218-254-3341

Fax 218-254-5467


4:00pm

• Cook

Address Lobby Hours Drive Through Hours

128 Highway 53 SE

Cook, MN 55723

Phone 218-666-0393

Fax 218-666-0396


5:00pm


5:00pm

ATM accepts customer deposits

• Grand Rapids/North Office


428 NW 4th Avenue

Grand Rapids, MN 55744

Phone 218-327-0818

Fax 218-327-0812


5:00pm


6:00pm

Saturday 8:00 AM – 12

Noon

ATM – 24 hour, Drive-Up

• Grand Rapids/South Office


1215 South Pokegama Avenue

Grand Rapids, MN 55744

Phone 218-327-1121

Fax 218-327-1096


5:00pm


5:30pm

ATM – 24 hours, Drive-Up

• Hibbing/Downtown


2015 East 3rd Avenue

Hibbing, MN 55746

Phone 218-262-5000

Fax 218-262-1466


5:00pm


5:00pm

ATM – 24 hour, Drive-Up ATM

• Mt. Iron


8401 Unity Drive

Mt. Iron, MN 55768

Phone 218-741-0816

Fax 218-741-9250


5:00pm


6:00pm

ATM – 24 hour, Drive-Up ATM

• Nashwauk


117 Central Avenue

Nashwauk, MN 55769

Phone 218-885-2278

Fax 218-885-1824


5:00pm


5:00pm

ATM – 24 hour, Walk-up ATM

• Orr

Address Lobby Hours

4539 Highway 53

Orr, MN 55771

Phone 218-757-0121

Fax 218-757-0122

Monday - Friday 10 am – 4 pm

BRANCH /

ATM ADDRESS

DRIVE UP

FACILITY?

ATM FEATURES CENSUS TRACT

INFORMATION

Grand Rapids South

1215 S. Pokegama

Avenue

Grand Rapids, MN

55744

Yes

24 Hour ATM – 4th Lane

Drive-Up

Full Function ATM

4808.02

Moderate Income

Hibbing Downtown

2015 East 3rd Avenue

Hibbing, MN 55746

Yes

24-Hour, Drive–Up

ATM

0123.00

Middle Income

Mt. Iron Expressway

8401 Unity Drive

Mtn. Iron, MN 55768

Yes

24 Hour, Drive-Up ATM

0128

Middle Income

Nashwauk Downtown

117 Central Avenue

Nashwauk, MN 55769

No

24 Hour, Walk-Up ATM

4805

Middle Income

Distressed Tract

Chisholm

231 West Lake Street

Chisholm, MN 55713

No

24 Hour ATM Walk-Up

0126

Middle Income

Cook

128 Highway 53 SE

Cook, MN 55723

Yes


Accepts customer

deposits

0152

Middle Income

Grand Rapids North

428 NW 4th Avenue

Grand Rapids, MN

55744

Yes


4809

Moderate Income

Range Regional Airport

11038 Highway 37

Hibbing, MN 55746

No

Monday–Friday (6 AM – 10 PM)

Weekend hours vary

depending on flights

arriving/departing

0121

Middle Income

OTHERBANKINGDELIVERYSYSTEMS

Additional ATM Locations Owned and Operated by American Bank

Range Regional Airport, 11038 Highway 37 in Hibbing, MN (Hours vary due to airport hours)

Money-Pass Privileges

American Bank provides over 24,000 surcharge-free ATMs through the MoneyPass Network

Telephone Banking

There are times when running to the bank—or even getting to a computer—just isn't possible. That's

why we created this free service. Pick up any touchtone phone and let your fingers do the banking.

Check balances, see if a check has cleared, transfer funds, and more. With telephone banking, it's all at

your fingertips!

Summary

• Access accounts anytime

• Use any touchtone phone

• Check balances and account histories

• See if a check has cleared

• Transfer funds between accounts

• Make a loan payment

• PIN required

Call 1-877-888-6800 or 218-247-0235 to access your accounts.

Online Banking

The internet is great for getting the latest sports scores. But you can use it to do a whole lot more. Like

manage your American Bank accounts! Our online banking services allow you to check your balance,

transfer funds, view recent transactions, view past checks, and much more from any web-enabled

computer. You can even pay bills online. It's available anytime, easy to use, and totally free!

Learn how to auto-enroll NOW!

Summary

• Access accounts online using one of our Supported Browsers

• Free with any American Bank account

• Available 24/7

• Easy to use

• No software to install

• Securely encrypted

• ePay available

• View account summaries

• Transfer funds

• Check balances

• View processed checks

• Make loan payments

• Stop payments

Mobile Banking

eMobile Text Banking:

A free service which allows you to quickly request and receive account information via text. (Service

Provider text rates may apply)

Summary

What can you do with eMobile Text Banking?

• Bal - Returns balance for all enrolled accounts

• Bal <acct name> - Returns balance for specified account

• Hist - Returns last 4 transactions for all enrolled accounts

• Hist <acct name> - Returns last 4 transactions for specified account

• Help - Returns command references

• Stop - Disables enrollment for text mobile banking

Getting started with eMobile Text Banking:

Log into your Online Banking Account and go to - eOptions>eMobile Settings>eMobile Text

Banking. Follow the enrollment steps.

Self-Enrollment Guide eMobile Banking User's Guide eMobile Comparison Sheet

eMobile Text Banking Number - 89549

eMobile Web Banking

eMobile Web Banking is a browser-based solution that allows our customers to access their accounts,

view account balances, history, pay bills anytime, from anywhere. (Service Provider web rates may

apply)

Summary

What can you do with eMobile Web Banking?

• View Transaction History

• View Account Balances

• Transfer Funds between accounts

• Utilize ePay (must enroll)

• View Alerts

Getting started with eMobile Web Banking:

You can enroll into eMobile Banking three ways:

1. Log into your Online Banking Accounts and go to: eOptions>eMobile Settings>eMobile Web

Banking. Follow the enrollment steps.

2. Download our eMobile Banking app through iTunes or Google Play and Self-Enroll.

3. Or go to: www.airteller.com/ambnk (Opens in a new Window) on your phone.

Getting started with the Apple App:

(

Getting started with the Android App:

(

Self-Enrollment Guide emobile comparison sheet

Apple® and Android® App

The Apple® and Android® App allows our customers to access their accounts, view account balances,

history, pay bills anytime, from anywhere. (Service Provider web rates may apply)

Summary

What can you do with the Apple® and Android® App?

• View Transaction History

• View Account Balances

• Transfer Funds between accounts

• Utilize ePay

• View Alerts

• View Check Images

• View Statements

• Deposit checks (eDeposit)

Getting started with the Apple App:

(Opens in a new Window)

Getting started with the Android App:

(Opens in a new Window)

Self-Enrollment GuidE EMOBILE COMPARISON

eDeposit

Now you can deposit checks using your smartphone! Just snap a photo of your signed check, then

submit it using our free Apple® or Android™ app. Skip a trip to the bank — find more time for the things

you enjoy.

Summary

• Deposit checks anytime, anywhere from your mobile device

• Available to customers with an American Bank checking or savings account and Online

Banking

o Fee of $1 per check applies to consumer customers

o Fee of $15/per month applies to business customers

o Business customers — Deposit checks anytime from your mobile device or desktop

scanner.

• Save time, skip a trip to the bank

• Deposit your check in just a few quick clicks:

o Launch our free mobile app for your Apple® or Android® device

Apple Store Icon

Google Play Icon

o Take a picture of the front and back of your signed check

o Enter the amount of the check

o Select the account you want the deposit to go into

o Verify that everything is correct, then hit "Deposit"

o We'll confirm that the check has been received via email

eDeposit User's Guide (Consumer & Business) Scanner eDeposit Guide (Business Only)

ePay

If you spend an hour per month paying bills, you are losing 240 hours over 20 years. Take that time back

with ePay. ePay makes the process quick and easy so you can get back to doing something more fun. Pay

utility bills, the babysitter, or anyone else in the country without having to get up from your desk.

Summary

• Save time and postage costs

• Pay anyone in the country*

• Available 24/7

• Easy to use

• No software to install

• Payments processed faster

• Securely encrypted

How do I enroll?

Self-enroll by logging into your online banking account and going to the ePay tab.

APPLY FOR ONLINE BANKING Questions

ePay Interactive Demo Service Fees

EPAY USER GUIDE

How Do I eBundle?

You can receive ePay for free if you have an American Bank checking account AND receive paperless

eStatements.

*If your ePay account is inactive for six months, we will restrict your ability to pay bills until you contact

us to reactivate your account.

Bank to Bank Transfers

Transfer money online between your American Bank accounts and accounts you have at other U.S.

financial institutions. Bank-to-Bank Transfers give you greater flexibility, convenience and control.

• Must qualify for this product

• $1.00 per transfer, inbound or outbound

• Personal Accounts Only

• Only U.S accounts can be enrolled

• Allow 1-2 days for the transaction to post

o The cutoff time for Bank-to-Bank Transfers is 2pm daily. Transfers submitted after 2pm are

considered the next day's business.

How do I enroll?

To enroll for Bank-to-Bank Transfers, complete one of the following steps.

1. Visit your local branch and talk to a Customer Service Representative about Bank-to-Bank

Transfers.

2. Call a Customer Service Representative at your local branch.

3. Send us a secure message through your online banking requesting Bank-to-Bank Transfers.

4. Click on "Contact Us" on any of our webpages to request Bank-to-Bank Transfers.

Bank to Bank Brochure

Download Bank to Bank User's Guide

Additional Services

At American Bank, we believe in going above and beyond. We offer these additional services to give you

the comprehensive banking package.

Visa® Reloadable Card

The Reloadable Card is all about convenience and control. You can direct deposit funds, including

paychecks and government checks, pay bills online, get cash at ATMs and use it anywhere debit cards

are accepted, all without a credit check. Call one of our offices today to find out how you can purchase a

reloadable card from American Bank.

Visa® Travel Card

The perfect solution for all your travel needs. It is a unique alternative to taking cash, credit cards, or

checks on your vacation. Use it to make purchases or get cash anywhere in the world. It's simple to pack,

and simple to replace. Available at all American Bank locations. View gift card balances and transactions

here.

Visa® Gift Card

Give a gift that is always the right size, the right color, and the right choice. An American Bank Visa Gift

Card is always the perfect gift for any occasion. Call one of our offices today to find out how you can

purchase a gift card from American Bank.

My Prepaid" mobile app!

There's an app for that! Now you download and use the convenience of a mobile app to manage your

prepaid card account, including these features for Apple and Android devices:

• Convenient account information access

• New load feature – Mobile Check Load

• Comprehensive education section

Money Orders

Get the purchasing power of cash with the peace of mind knowing you can stop the payment if it was

lost or stolen. This is a great way to conduct business so that everyone feels secure.

Wire Transfers

Send money anywhere in the world quickly and easily. Your money is safe and sound, and guaranteed to

get where it needs to go.

Safe Deposit Boxes

Keep your valuables and important papers in a safe and readily accessible place. American Bank offers a

variety of safe deposit boxes at most of our locations. Please contact the branch location to inquire

about rental fees and availability.


Whether you like adorable kittens, want to show off your patriotic side, or enjoy the antics of those

crazy Peanuts™ kids, you can order checks that can do just that. Best of all, you don't have to come into

the bank to do it. Or even get up from your desk! Order your checks online here.

BRANCHESOPENEDORCLOSEDSINCETHELASTEXAM:

We closed three branches in May of 2018:

� Calumet

o This office remains open for Training and Development but no longer has retail

banking services.

� Hibbing Walmart

� Grand Rapids SuperOne

Here is the body of the notification letter that went out to customers:

On Friday, May 4th, 2018, at 4:00 pm the following American Bank of the North locations will close for

business permanently:

• American Bank Super One branch located at 2410 S. Pokegama Ave., Grand Rapids, MN 55744

• American Bank Calumet branch located at 572 5th Ave., Calumet, MN 55716

• American Bank Walmart branch located at 12080 Hwy. 169, Hibbing, MN 55746

All services offered at these branches will be available at any one of our 9 convenient locations. To find

a branch near you please visit our website at https://www.ambnk.com/about/locations or refer to the

backside of this letter.

At American Bank, we’re with you wherever you go. Our suite of online banking products; online

banking, eStatements, ePay, eDeposit, & eMobile banking give you immediate access to your bank

account 24/7. Check your balance, view a check, transfer money, pay a bill, deposit checks, make a loan

payment, balance your checkbook, and so much more. Visit our website at

https://www.ambnk.com/personal/banking/online-banking to sign up or visit anyone of our 9 locations

and one of our Personal Bankers will assist you in signing up. American Bank online banking makes

banking convenient for you.

The American Bank debit card can be used anywhere VISA® is accepted. To find a list of our ATMs

please visit our website at https://www.ambnk.com/about/locations. Our debit card is part of the

Moneypass surcharge free network with over 33,000 nationwide. You can visit www.moneypass.com to

find a surcharge free ATM near you or download it as app to your iPhone or Android.

The staff at American Bank appreciates your business and we look forward to assisting you at one of our

other convenient locations. If you have any questions regarding your accounts please call a location

nearest you.

American Bank Locations

Grand Rapids

GR South Branch GR North Branch

117 Central Ave. 2015 E. 3rd Ave. 231 W. Lake St.

Nashwauk, MN Hibbing, MN Chisholm, MN

218-885-2278 218-262-3557 218-254-3341

24 Hour ATM 24 Hour ATM 24 Hour ATM

Mt. Iron Biwabik Cook

Mt. Iron Branch Biwabik Branch Cook Branch

8401 Unity Drive 221 N. Main Street 128 Hwy. 53

Mt. Iron, MN Biwabik, MN Cook, MN

218-741-0816 218-865-6345 218-666-0393

24 Hour ATM 24 Hour ATM

Orr

Orr Branch

4539 Hwy. 53

Orr, MN

218-757-0121

Visit American Bank’s website at https://www.ambnk.com/about/locations for additional information.

1215 S. Pokegama Ave. 428 NW 4th Ave.

Grand Rapids, MN Grand Rapids, MN

218-327-1121 218-327-0818

24 Hour ATM 24 Hour ATM

Nashwauk Hibbing Chisholm

Nashwauk Branch Hibbing Branch Chisholm Branch

WRITTENCOMMENTSRECEIVEDBY

THEBANKRELATINGTOOUR

PERFORMANCEINMEETINGTHE

CREDITNEEDSOFOURCOMMUNITIES:

We have received no comments relating to our credit performance within our

communities.

March 2019

krs

CRA QUALIFIED DONATIONS / INVESTMENTS:

American Bank is committed to giving back to the community, and seeks to assist well-managed non-profit

organizations who share our vision for a stronger community. We provide donations to eligible 501(c)3

non-profits and to charities who do not meet the 501(c) 3 guidelines but meet the Bank’s criteria.

Areas we are primarily interested in contributing to in Northeastern Minnesota are:

√ Children and youth programs (including but not limited to: youth sports teams; boys and girls clubs;

after-school programs; mentoring programs)

√ People in crisis (including but not limited to: victims of disasters; local food banks; homeless

shelters; domestic violence shelters)

√ Community and Civic organizations (including but not limited to: local Elks, Rotary, Lions Clubs,

Local Chambers of Commerce, local United Ways )

√ Education (including but not limited to innovative educational programs for children and adults,

especially projects that foster wise decision-making and esteem building)

Donations for 2018 included those to various scholarships to schools located in moderate-income areas,

organizations that benefited primarily low-and moderate income children and adults, and contributions to

community economic development organizations and foundations for the revitalization of our

communities. Other beneficiaries included food shelves, Habitat for Humanity, school events, and local

hospital foundations.

Qualified donations totaling $64,415 were made in 2018 to non-profits serving low to moderate income

community needs, sustaining economic development needs, and supporting youth organizations and

educational programs.

The bank has made the following substantial donations during the 2018 year:

• $1,500 to Itasca County and St. Louis County YMCAs for their Strong Kids program to assist those in

need with memberships. These organizations do not deny anyone access due to inability to pay. We

support these organizations so the doors remain open to youth, individuals and families facing

financial challenges.

• $8,000 to the United Way of Northeastern Minnesota to support their ongoing efforts in helping

families in the community. 92% of the agency’s supported programs assist low-moderate income

families. In addition, we specifically designate funds go toward the Veteran’s Initiative program as

well as the Buddy Backpack, Smiles Across Minnesota, Imagination Library programs which help

underprivileged children.

• $1,500 to the UW 1000 Lakes to support their ongoing efforts in helping local agencies in the

community assist families and individuals who are less than fortunate.

• $3,000 in high school and college scholarships to assist youth in attending college.

• $25,000 ($5,000 over 5 years) to the Reif Center. This is an organization that provides access to arts

programs in Northeastern Minnesota.

• $2,000 to the Grand Itasca Foundation “Close to Home” Cancer Care which assists patients in our

local communities with cancer and infusion care to reduce the costs of travel and lodging.

• $1,000 to the Foundation for their “Caring for Kids Charity” which funds projects, programs and

equipment that directly expands, develops and enhances pediatric care for kids of all income levels

at Grand Itasca Clinic & Hospital.

• $3,000 to the Itasca Economic Development Corporation, which helps create quality jobs in Itasca

County, a distressed county in 2017 and 2018.

• $25,000 ($5,000 over 5 years) to the Northeastern Entrepreneur Fund. The Entrepreneur Fund will

provide business development and lending services across the Iron Range and establish a new office

in Hibbing, MN.

• $1,000 to the Chisholm Community Foundation and $1,000 to the Virginia Community Foundation–

annual fundraiser to raise funds for local projects, which help with community projects that assist

low-moderate income areas in establishing a higher quality of life.

• $2,500 to STEM (Science, Technology, Engineering & Mathematics) for their program which helps

students become proficient so they can answer complex questions, investigate global issues, and

develop solutions for challenges and real world problems while applying the rigor or science,

technology, engineering and mathematics content in a seamless fashion.

• $2,500 to The Lyric Center for the Arts which provides artistic and educational opportunities for

children and adults across the Iron Range while renovating the historic Lyric building.

• $1,000 to the Boys & Girls Club, Grand Rapids/Greenway, MN which promotes academic excellence,

good character and citizenship, and living a healthy lifestyle for kids. This organization works

primarily with disadvantaged children; its Twin Cities counterpart (which collects data) has 86% of

its members on free and reduced lunches and 46% on food stamps.

• $25,315 to various agencies that help low-moderate income families in the area with domestic

violence, mental illness, addiction and rehabilitation, kids after school programs, veterans, kids

educational programs.

• $1,100 towards local food shelfs or agencies that work with people in need of food.

American Bank has some qualified investments through its bond holdings for consideration under the

Community Reinvestment Act:

• Independent School District 707 serving the Nett Lake Indian Reservation, part of which is located in

Koochiching County, a designated distressed county;

• Water, sewer, and hospital improvements in Grand Rapids, which helps with community

revitalization in Itasca County;

• One other community development project in which we have invested includes a senior housing in

project in Eveleth.

COMMUNITY DEVELOPMENT SERVICES:

The Minnesota Bankers Association honored American Bank of the North in 2019 by recognizing us as a

Community Champion. This recognition highlights our extraordinary level of commitment to making a real

difference in our local communities.

Our bank employees serve in a number of region-wide community development activities that benefit low

to moderate income people and areas as outlined below:

• A bank officer serves on the executive board for the United Way of NE Minnesota. The mission of

the UWNEMN is to unite and focus our communities in creating measurable results to improve

people’s lives and strengthen our families. We have asked the UWNEMN to focus our donations to

these initiatives that assist low to moderate income families:

o The Buddy backpack program which feeds at-risk children on the weekends who would

normally not have food

o Smiles Across Minnesota Dental program which provides oral health care to uninsured or

underinsured children in the schools

o Imagination Library, which provides one free book a month to children ages 0-5.

o Good360 Program, which provides household products and clothing to individuals and

families who have experienced a fire, home damage or recent life event causing home

displacement.

o United For Veterans, which provides access to health care, financial stability and

employment.

o Meet Up and Chow Down, which is a free summer lunch program for children serving six

communities and over 2,000 meals.

• A bank officer serves on the Mt. Iron Economic Development Authority and serves as board

President of the Mesabi Family YMCA. A bank officer serves on the Virginia Economic Development

Authority.

• A bank officer serves on The Northspan Group as a board member. The Northspan Group, Inc. is a

private, nonprofit business and community development consulting firm.

• A bank officer serves on the IRRRB (Iron Range Resources& Rehabilitation Board) Technical Advisory

committee. IRRRB mission is to promote and invest in business, community and workforce

development for the betterment of northeastern Minnesota.

• We have numerous employees who volunteer at the Salvation Army’s Soup Kitchen and Adopt a

Family program throughout the area, as well as Habitat for Humanity, United Way’s Buddy

Backpack and Meet Up & Chow Down program.

• A number of our employees volunteer at the Free Clinic which specifically serves people without

health insurance.

• A bank employee serves as Treasurer for our local Elks Club which sponsors over 100 youth from

across our service area to attend a summer camp free of charge for those who could not normally

afford a camp experience.

• A bank employee was on the local advisory council and a board member for a local agency for adults

and children with mental illness which is a gap in service for our communities.

• The bank sponsors an annual fundraiser for the Angel Fund, which provides financial assistance to

cancer patients in need. A bank employee serves on the Angel Fund’s board.

In addition to the services noted above the bank offers the capability to perform banking functions through

various channels available to the majority of its customers. The following items represent an example of

these channels:

The bank owns and operates 7 on-site branch ATMs and 1 off-site at the Hibbing-Chisholm Regional

Airport. We have also partnered with a local convenience store chain since 2013 to offer surcharge free

ATM services to our customers. The bank’s ATMs provide access to a broad network of over 24,000

national ATMs where American Bank customers pay no fees to access this network.

• The bank offers internet banking, telephone banking, internet bill pay services, and eMobile banking

and e-deposit services.

• We also offer other banking options for customers who are not allowed to open a checking account

under Minnesota law.

SMALL BUSINESS / ECONOMIC DEVELOPMENT

We keep abreast of community and economic development needs through our senior managers who

currently serve or have recently served on area small business and economic development committees

that work to promote the economic vitality of our region. In addition, many of our commercial and

consumer loan officers lend their skills and abilities to these organizations:

o Iron Range Resources and Rehabilitation Technical Advisory Committee

o Mt. Iron Economic Development Authority Board Member

o The Northspan Group

o Orr Economic Development Council Treasurer

o Orr Chamber of Commerce Director

o Grand Rapids Area Chamber of Commerce Government Affairs

o Laurentian Chamber of Commerce Board Past-President

o Hibbing Chamber of Commerce Board Member

o Hibbing Chamber of Commerce – Past Chair

o Iron Mining Association Board

o Virginia Economic Development Authority

o Virginia-Eveleth Economic Development

GOVERNMENT SERVICE / COMMUNITY ENHANCEMENT

A number of our employees serve or have recently served in different capacities with local governments or

local organizations to improve the overall health and quality of life in our communities. Some examples

are:

• Mesabi Family YMCA

• Hibbing Downtown Committee

• Nashwauk Volunteer Firefighter

• City of Nashwauk Zoning Board Member

• Hibbing Rotary Club Beautification Project

• Boys and Girls Club Grand Rapids Board Member

FINANCIAL COUNSELING / EDUCATION

American Bank employees are called upon to share their financial expertise with others. Some instances of

this are:

• Volunteer financial counselors for churches and community organizations

• Speakers for local groups on basic banking services or fraud prevention

COMMUNITY PROMOTION:

Finally, many of our employees are involved in a wide variety of activities that benefit so many of our

communities’ organizations:

• Service organizations such as the Elks Club, Rotary, Virginia Area Women of Today, Kiwanis, Home Care

and Hospice Advisory Board, Angel Fund and the Shrine Circus.

• Boy scout and girl scout troops, American Legions and Eagles

• March of Dimes, American Cancer Society, Mighty Mutts, Children’s Memorial Park, JDR

• School volunteers – booster clubs, assistant readers, coaches, chaperones, PTAs, playground

committees, school referendum committees

• Community events: parades, celebrations, recreational, and beautification committees

To better serve our communities and to show employees the emphasis we put on volunteering, the bank

established a program in 2019 that gives employees 16 paid hours per year to volunteer their time in our

communities.

https://ffiec.cfpb.gov/data-publication/disclosure-reports/2017/716655/nationwide

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