American State Bank & Trust

The Bank has also committed itself to provide its customers with the important financial services that they desire. In that regard, the Bank began offering trust services when the Trust Department was added in 1979. Moreover, the Bank made full investment brokerage services available to its customers by adding an Raymond James Financial Services, Inc., in May of 2006. In the future, our customers should be confident that the Bank will continue to evaluate and look to add new financial services that both fit the needs of our customers and create a more convenient overall banking experience. To give a perspective of the historical planning that has occurred in terms of the growth and evolution of our Bank, W. S. Davidson, Sr.'s son (Thomas "Tom" M. Davidson, Sr.) previously noted, "When we were planning the new main bank in 1951, my dad and I were told to look toward the future and plan for a $50 million bank, somewhat of a far-fetched idea at the time. Total assets surpassed $50 million in l976. It should also be noted that in the year (2006) that the Bank and the Davidson family celebrated 100 years of continuous service to Williston and the surrounding area, total assets surpassed $220 million. As of December 31, 2017, the Bank's total assets surpassed $606 million, its Trust Department's total assets surpassed $465 million, and Raymond James Financial Services total assets surpassed $303 million, for a grand total of $1.374 billion in assets under management. It is well known that our customers are comforted by the fact that the ownership and operation of the Bank has been stable throughout its 112+ year existence. Notably, from 1906 to the present, the W.S. Davidson, Sr. family has been an integral part of the operation and ownership of the Bank. W.S., Sr. operated and owned the Bank until his passing in the early 1960s. For a short time, W.S., Sr.'s oldest son (Bill, Jr.) ran the Bank. Thereafter, Tom followed in his father's footsteps and ran the Bank until his passing in 2000. Presently, the third generation of the W.S Davidson, Sr. family is actively involved in the business of managing the Bank and fulfilling the Davidson family's role as principal owners of the Bank. Specifically, Tom's two children (Tamara "Tammy" M. Davidson-Sogard and Thomas "Tom" M. Davidson, Jr.) have clearly stated that they intend to follow the course laid by their grandfather and father: maintaining the Bank's status as being locally owned and providing high quality, personal, financial service to the citizens of Williston and the surrounding communities. In that regard, Tammy is a member of the Bank's Board of Directors and her husband, Patrick Sogard, succeeded Tom in the position of Chairman of the Board of Directors. As had been the case with W.S., Sr. and Tom, Tammy and Pat reside in Williston. Tammy and Pat's children, representing the fourth generation of bank ownership by the Davidson family, are also involved in the bank's operations.