American Bank & Trust (AB&T) is pleased to announce the appointment of Scott Erickson as its new Chief Executive Officer. The transition finalizes the Board approved succession plan for the retiring Chief Executive Officer Doug Tribble. Mr. Erickson was appointed President of AB&T in July of 2023 and was identified as the successor to Mr. Tribble as President & CEO.

“The executive team and I have worked closely with Scott in all areas of the bank over the past nine months, and he is prepared to take on the role of CEO,” said Mr. Tribble. “Having had the privilege of leading this exceptional institution since 2017, I am confident that Scott’s appointment to CEO marks the beginning of an exciting new chapter for the bank. Throughout my tenure, I have witnessed the dedication of our team and the unwavering support of our valued customers. It is this collective commitment to excellence that has enabled American Bank & Trust to thrive and remain a pillar of trust in the communities we serve.”

Executive Chairman Preston Steele said, “I extend my heartfelt congratulations to Scott on his election as the new President & CEO of American Bank & Trust. The Board of Directors look forward to his continued leadership of the bank. Scott’s leadership within the bank over the past eight years as a Director, Vice-Chairman, and President will ensure the continued dedication to the mission, vision, and values of American Bank & Trust. I also want to thank Doug Tribble for his commitment and dedication as the President & CEO since 2017. He has led the bank to new heights through unprecedented times in the banking industry. We wish him well in his retirement.”

“I am honored to be appointed President & CEO of American Bank & Trust,” said Scott Erickson. “I am committed to building upon the strong foundation of trust and integrity that this institution has established. My focus will be on fostering a collaborative environment within the bank, nurturing our talented employees, and delivering innovative solutions that exceed our customers’ expectations.”

Scott Erickson’s appointment marks a new horizon for American Bank & Trust, as the institution looks to strengthen its position as a leading financial services provider in the region. By leveraging his extensive experience in banking and financial services, Mr. Erickson is poised to drive growth and steer the bank toward new milestones.

Doug Tribble has had a successful career as a community banker for the past 48 years and is looking forward to spending more time with his family. During his tenure, AB&T profitably grew assets from $700 million to $1.7 billion, acquired two additional South Dakota banks, and opened branches in four new markets.

About American Bank & Trust
American Bank & Trust (AB&T) is a $1.7 billion asset, family-owned community bank that has served South Dakota since 1888. AB&T offers robust banking and trust services, complimented with the most recent modern technology, delivered by the finest personnel in banking in 19 locations throughout South Dakota, North Dakota and Minnesota.  The freedom to create is what the Bank stands for in the culture they’ve developed and in the relationships they’ve built over generations. AB&T is committed to being a bank that energizes the imagination, empowers real people’s aspirations, and thrives on solving interesting challenges. To learn more, visit Member FDIC.

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