The de novo community bank planned for Monroe now has a name — American Bank & Trust.
In February, a group of 12 business leaders from Union County announced its plans to open a de novo bank in Monroe. De novo refers to a newly chartered bank formed from scratch. The group, led by True Homes USA CEO David Cuthbertson and former banking executive Randy Helton, then named longtime banker W.R. “Randy” Adcock as the institution’s president and CEO in March.
