The Quad Cities-based American Bank & Trust has earned the Most Improved Lender award by the Illinois Housing Development Authority (IHDA).
To be considered, a lender must have originated at least 12 loans in a calendar year. The winner is the lender with the largest increase in statewide units, which are defined as a new first lien position mortgage.
“American Bank & Trust is proud to partner with such a great organization in the Illinois Housing Development Authority,” said American Bank CEO and President Jeff Rose.
Of the honor, Mr. Rose added: “We are pleased by the award, indicating we had the largest increase in IHDA related loans in the State of Illinois. We intend to continue this trend in order to help our community find creative ways to get into the homes they deserve.”
Tara Pavlik, IHDA’s homeownership managing director, also said the authority is proud to partner with American Bank. By partnering to offer down payment assistance, she said IHDA and American Bank are helping people “put down roots in Illinois’ wonderful communities.”
“We look forward to continuing to grow with American Bank and Trust Company by investing in Illinois towns and helping people find the home of their dreams,” she said in a news release.
Founded in 1968, American Bank began as a neighborhood bank in Rock Island’s Hilltop neighborhood. It began with a simple idea – that customers should receive the same kind of friendly and personalized service we would appreciate ourselves.
Guided by that philosophy, the bank – now headquartered at 4301 E. 53rd St., Davenport – has grown to become a locally owned regional financial services company in the Quad Cities, Illinois/Iowa and northeast Illinois market areas (Kane County).
With $500 million in assets, American Bank employs 95 people at its headquarters in Davenport and its branch locations including Davenport, Moline, three locations in Rock Island, and at branches in Elburn and Geneva, both in Illinois.
Visit here to learn more about IHDA payment assistance through American Bank.
