American Building and Loan was chartered in Helena in 1922 as a State Building and Loan Association with an emphasis on savings and home loans. We were founded as a mutually owned association (owned by our customers).
American Federal operates today under a stock federal savings bank charter. In 1991 our name was changed to American Federal Savings Bank. In addition to the standard savings and loan products that American Federal was built upon, we offer a full array of deposit products and services, as well as a full service Loan Department.
There are three full-service American Federal offices - the main office in Helena, which moved into a new building on Prospect Avenue in February 1997. There is a branch in Butte, which opened in 1979 and one in Bozeman, which began operating in 1980. The Townsend branch, which opened in 1979, offers full depositor services and also accepts applications for lending services. A drive-up satellite facility is also located in Helena on Neill Avenue (1987). The drive-up accepts deposits and withdrawals from checking and savings accounts and can also accept loan payments. A Personal Banker is now available for customer service assistance and loan applications.