Posted on: May 7, 2019

As you may have already read, we have some exciting times ahead of us. On January 22, 2019, the American Savings Bank (“ASB”) Board of Directors entered into an Agreement to merge into Valley Central MHC, the mutual holding company for Valley Central Bank (“VCB”).  The merger is expected to close during the 3rd quarter of 2019, subject to regulatory and ASB member approval.  At that time, all banking office of American Savings Bank will become branches of Valley Central Bank.

What This Means for You.

Rest assured that YOU will continue to be served by the same people, at the same locations with the same unwavering focus on YOU and all your banking needs.  As we go through this process together, YOU will discover that American and Valley share the same high standards for community banking and a continued commitment to our customers, employees and the communities which we have both served for over 130 years.

Together, we will be able to offer you a number of new and enhanced services including expanded home mortgage programs, mobile deposits and expanded cash management services and commercial loan products for businesses.