News

American Bancor, Ltd. announces acquisition of Prairie Mountain Bank

June 3, 2019

American Bancor, Ltd., the multibank holding company of American Bank Center and United Community Bank is proud to announce the acquisition, pending regulatory approval, of Prairie Mountain Bank in Great Falls, Montana. Prairie Mountain Bank is a locally owned community bank with approximately $90 million in assets.

The organization will be merged into American Bank Center but will continue to operate as Prairie Mountain Bank with Laura Vukasin as Market President. 

Vukasin says, “We are excited about moving into the future with American Bancor and we will continue to provide great service and even more products to the benefit of our clients.”

Prairie Mountain Bank shareholders will become shareholders of American Bancor, Ltd.

“This is a great opportunity for American to grow its presence in Montana.  We are thrilled that Prairie Mountain Bank has decided to join our team and we look forward to them continuing to provide local, community bank service to the Great Falls community” says President and CEO Dave Ehlis.

American looks forward to building on the success of Prairie Mountain Bank and provide additional resources to grow their services in areas like wealth management, trust and insurance.

American Bancor, Ltd. was advised in the transaction by Fredrikson & Byron P.A. as legal counsel and Eide Bailly LLP as a deal advisor.  Prairie Mountain Bank was advised by D.A. Davidson & Co. as financial advisor.

To learn more about American Bank Center, visit WeAreAmerican.bank. To learn more about Prairie Mountain Bank, visit prairiemountainbank.com.

 

For additional information or any media inquiries, contact Communications Specialist Rachel Ward at 701-355-4818 or rward@weareamerican.com