Armed Forces Bank (AFB) is a

bank A bank is a financial institution that accepts deposits from the public and creates a demand deposit while simultaneously making loans. Lending activities can be directly performed by the bank or indirectly through capital markets. Becau ...

servicing members of the

United States Armed Forces The United States Armed Forces are the military forces of the United States. The armed forces consists of six service branches: the Army, Marine Corps, Navy, Air Force, Space Force, and Coast Guard. The president of the United States is ...

and their family members.

History

Armed Forces Bank was founded in 1907 in Fort Leavenworth, Kansas, where it is currently headquartered. AFB and its sister bank,

Academy Bank An academy (Attic Greek: Ἀκαδήμεια; Koine Greek Ἀκαδημία) is an institution of secondary or tertiary higher learning (and generally also research or honorary membership). The name traces back to Plato's school of philosophy, ...

, are owned by

Dickinson Financial Corporation Dickinson may refer to: People * Dickinson (name) Place names United States * Dickinson, Minnesota * Dickinson, Broome County, New York * Dickinson, Franklin County, New York * Dickinson, North Dakota * Dickinson, Texas * Dickinson townsh ...

(DFC), which is headquartered in Kansas City, Missouri.

Military connections

Armed Forces Bank operates the most locations on

military base A military base is a facility directly owned and operated by or for the military or one of its branches that shelters military equipment and personnel, and facilitates training and operations. A military base always provides accommodations for o ...

s in the United States, including 23 locations on 17 bases. Much of the Bank's retail team is also composed of people with direct connections to the U.S. military, including veterans,

reservist A reservist is a person who is a member of a military reserve force. They are otherwise civilians, and in peacetime have careers outside the military. Reservists usually go for training on an annual basis to refresh their skills. This person i ...

s, and

military dependent A military, also known collectively as armed forces, is a heavily armed, highly organized force primarily intended for warfare. It is typically authorized and maintained by a sovereign state, with its members identifiable by their distinct ...

Community

In July 2022, the Bank launched a

podcast A podcast is a program made available in digital format for download over the Internet. For example, an episodic series of digital audio or video files that a user can download to a personal device to listen to at a time of their choosing ...

titled "Militarily Speaking", which discusses finances and overall life for the military community. AFB and DFC also support some

philanthropy Philanthropy is a form of altruism that consists of "private initiatives, for the public good, focusing on quality of life". Philanthropy contrasts with business initiatives, which are private initiatives for private good, focusing on material ...

organizations, including Fisher House Foundation and the

Armed Services YMCA Armed (May, 1941–1964) was an American Thoroughbred gelding race horse who was the American Horse of the Year in 1947 and Champion Older Male Horse in both 1946 and 1947. He was inducted into the National Museum of Racing and Hall of Fame in ...

Criticism

AFB relies on overdraft fees for over half its net income, leading to calls for consequences from bank regulators.

References

External links

* {{Official website, https://www.afbank.com/
''Militarily Speaking'' podcast
Dickinson Financial Corporation Banks established in 1907 Banks based in Missouri