Welcome to the story of a little bank with big dreams.
Since we opened our doors in 1948, American State Bank has been helping people and businesses find financial success. Maybe it’s because we take the time to get to know you and then stay with you, wherever life takes you. Or maybe it’s because we’re from here. As a locally owned and operated bank, we’re invested in helping our community grow, one individual, one business at a time.
From a small, one-room redwood frame building, nicknamed “the log cabin,” we went to work. ASB was the first bank to introduce the drive-up window. The first to give a woman a loan without her husband’s signature. And in keeping with innovation, we were the first to introduce Tillie, an automatic teller machine, to Texas.
In our time, we’ve only had two presidents, Jack Payne and W.R. Collier. It was Payne’s vision to establish a “friendly little family bank.” And even though we now have 35 locations in 18 communities, we’re still true to that vision. And from loans to building a legacy, we’re still passionate about what we do. We’re also glad you’re here.
Praise for pioneers
Jack Payne, the first president of ASB, had a dream: to honor West Texas Pioneer families with a statue. This dream was completed in 1971 and still stands as a tribute to those who settled in West Texas between 1890 and 1910. The statue can be viewed at Lubbock’s corporate branch.
About Us
Our Mission
Our mission is to create an environment where:
- Our customers see the bank as a partner in achieving their financial goals
- Our employees achieve personal and professional success
- Our shareholders receive the rewards of ownership
- Our community sees the bank as a responsible and committed partner

