ADB Bank, formerly known as Allegiance Direct Bank, was established in 2005. It offers a range of savings products for local communities, as well as serves as an industrial loan bank for commercial insurance clients. The bank focuses on providing deposit investment solutions to businesses in the insurance industry. ADB Bank offers personal and business money market accounts and is located in Cedar City, Utah. Its investment portfolio also includes direct certificates of deposit. The bank additionally provides Internet banking services and is a member of the Federal Deposit Insurance Corporation.
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