American Trust and Savings Bank has been a family-owned community bank since 1911. It has grown to strengthen the products, services, and financial management it provides to its clients while retaining the integrity and commitment that can only be found through a community bank. After three generations of growth, ATBancorp was formed in 1985 to serve as the bank holding company for American Trust. Today, ATBancorp is a multi-bank holding company that serves nine communities through fifteen facilities.

​American Trust Financial Management Division offers:

  • Personalized wealth management
  • Comprehensive trust administration
  • Award-winning retirement services

As a partner of ATCapital Management, you have access to additional financial services provided by American Trust. Learn more about ATCapital Management’s affiliate services.


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American Trust

American Trust believes in the future, because for one hundred years our company has invested our lives and resources in the communities we serve. American Trust believes in giving back to help move our communities forward.

The history of American Trust & Saving Bank began more than a century ago when several Dubuque business people obtained a charter for the German American Savings Bank. Nicholas J. Schrup, one of the founding fathers, became the first president.  The bank’s name was changed during WWI to American Trust & Savings Bank. Of the seven banks established in Dubuque, American Trust is one of only two banks to survive the Great Depression.

Trust is everything at American Trust. Generations of families and businesses trust us to be here when we’re needed.  American Trust literally was built by families to serve families. Through the decades the Schrup family has made it their highest priority to lend money to families and businesses to help them achieve their goals for success.

From our first office on Main Street to ten offices serving four communities, American Trust has maintained a tradition of support for our local communities. Working in partnership with outstanding civic and nonprofit organizations, we have maximized our resources for the benefit of those communities. For more information, go to

American Trust Retirement

American Trust Retirement, a division of American Trust is located in the beautiful and historic bluffs of downtown Dubuque, Iowa. Our history dates back to 1911, when several Dubuque business people obtained a charter for the German Savings Bank and named Nicholas J. Schrup the first president of the bank. During WWI, the bank became as we know it today, American Trust & Savings Bank.

The foundation of our first retirement services reaches back to the 1950s. In the late 1990s, we realized an enormous opportunity existed to unite American Trust’s discretionary trust services with the small- to mid-sized retirement market and embarked on a mission to make major cornerstones of a quality retirement plan that were typically made available to only large clients, and to do so in a bundled approach that brought with it tremendous control and cost savings. These cornerstones – plan design, fiduciary oversight, investments, and cost efficiency, along with service and technology – are our highest aspirations and achievements.

In April 2014, American Trust acquired Pension Inc. of Iowa, an unbundled third-party administrator that services over $430 million in qualified assets and more than 14,000 plan participants. With the acquisition, American Trust can now provide three models of service: ATAdvantage, a full service solution; ATSelect-Recordkeeping; and ATSelect-Compliance, with an option of a recordkeeping or compliance solution.

Fiduciary and Investment Trust

American Trust has provided asset management services since 1946. As a privately held institution with the same controlling ownership since 1911, we offer our clients a unique combination of financial strength, professional management, and an element of continuity that is difficult to match.

American Trust Financial Management Group, a division of American Trust is one of the largest independent Iowa-based operations in trust and related services. It offers clients wealth management, retirement, investment, and brokerage services. As of March 31, 2017, assets under management exceed $2.39 billion. The division is comprised of two departments:

Fiduciary Trust Services

The Fiduciary Trust Services department is responsible for developing, establishing, and managing diverse wealth structures holding a wide range of assets. Its mission is to serve the needs of families all over the nation and across the world who seek to preserve and protect their wealth.

Strategic Wealth Solutions

Strategic Wealth Solutions provides comprehensive private wealth management to qualified individuals and business owners and creates comprehensive strategies to achieve life goals and financial objectives.

American Trust literally was built by families to serve families. The Schrup family through the years has considered it a privilege and a responsibility to invest our capital with families and businesses to help them achieve their goals for success. For more information, go to