Altabank, a community banking company headquartered in American Fork, has named Terry Grant as president. He replaces Len William, current Altabank CEO, who is retiring. Grant will begin his role on Jan. 10.
Altabank, owned by Glacier Bancorp of Kalispell, Montana, was formerly known as People’s Intermountain Bank. It is the second-largest bank headquartered in Utah and has 26 branches from Preston, Idaho, to St. George The current bank was formed from mergers of separate institutions, including Bank of American Fork, Lewiston State Bank and People's State Bank of American Fork.
Grant brings 35 years of banking experience to his new role. Most recently he was Utah market president for KeyBank, a role he held for six years.
“I am looking forward to joining Altabank and leading it in its next phase of growth,” said Grant. “Community banks are the backbone of the banking industry and play a crucial role in serving Utah-based businesses and individuals. Altabank is recognized for its products and services and for being a difference-maker to the communities it serves.”
“Terry brings a wealth of experience and knowledge to Altabank,” said Williams. “Terry has a clear vision for serving employees, growing the bank’s business, deepening relationships with clients and supporting their communities. He is an excellent complement to the leadership team and will no doubt be an outstanding leader and mentor. I am looking forward to Terry’s leadership taking Altabank to new heights.”
“Utah is booming, creating significant opportunities for businesses across the state and Altabank is well-positioned to help,” said Randy Chesler, CEO of Glacier Bancorp. “Terry is the right person to build on the foundation that Len and his team have created. I also want to thank Len for his leadership these past years and wish him well in his retirement.”
Grant is a Utah County native and in addition to his banking experience, he is active on several organizational boards. He serves on the board of trustees of Westminster College and American University of Rome. He is also a member of the Intermountain Healthcare Foundation board of directors and the board of the Living Planet Aquarium.