About American State Bank of Grygla
In the mid-1970’s, six optimistic businessmen set out to establish a bank to serve the Grygla area and surrounding communities. The primary objective for this venture was to provide citizens access to financial services locally, without the need to travel for their banking. After encountering numerous delays, a charter was granted April 30, 1976 for the establishment of American State Bank of Grygla. The bank was well received and grew quite rapidly, providing customers with banking and insurance products designed to meet their needs. The agricultural credit crisis of the 1980’s, with high loan rates, low commodity prices and adverse weather; created difficulties for the bank and many of its customers. As a result, in January, 1991 the bank.….. Continue reading about American State Bank of Grygla here.
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