American Bank Systems Grew from Hobby of Tucker

By Nichols, Max | THE JOURNAL RECORD, December 2, 1989 | Go to article overview

American Bank Systems Grew from Hobby of Tucker


Nichols, Max, THE JOURNAL RECORD


Back in the late 1930s, when Morrison Tucker was assistant chief bank examiner for the Federal Deposit Insurance Corp. in Washington, D.C., he was asked to write a book on how to appraise municipal securities.

"Leo Crowley, who was chairman of the FDIC, wanted the book well printed,'' said Tucker. "I found a man who was studying how to make printed material the most legible at Columbia University. I used his ideas in the book, which was called "Municipals,'' and it won a prize from the New York Times.''

That experience of 50 years ago led to lifetime hobby interest in typography for Tucker. That hobby led to the start of a small operation in 1968 to print forms for what was then called the Stockyards Bank and other Oklahoma City banks in which Tucker had financial interests.

Out of that operation grew American Bank Systems Inc., a unique Oklahoma City firm that now has sales of more than $1 million a year and is poised for the potential of marketing printed forms and computer software nationally.

The customers include 600 to 700 banks and savings and loans - mostly independents, said Benjy Cook, who heads day-to-day operations as executive vice president. He joined Stockyards Bank (later United Oklahoma Bank which was replaced by the current United Bank of Oklahoma) in 1976. He moved to American Bank Systems in 1978, so he has helped guide the growth.

Most customers are concentrated in Oklahoma and Texas, with nearly all Oklahoma banks using at least some of the forms. Others are located as far away as Massachusetts, Illinois and North Dakota, primarily as a result of former Southwest bankers or examiners moving to other states.

"We are considering a plan to market our forms nationally,'' said Tucker. "We have three salesmen on the road now, after years of growing by word of mouth. We have all of our forms on computer, and we have developed software for banks to use instead of printed forms if they prefer.

"We have no debt, a strong balance sheet, and we are making a profit. So we are in a good position to grow.''

American Bank Systems is similar to a variety of operations Tucker once developed as subsidiaries of United Bankshares Inc. in that all provided services for independent banks. Those included United Check Processing Center, United Bankers Mortgage Corp. and United Bank Card Association.

However, American Bank Systems virtually grew out of Tucker's interest in typography.

He enjoyed designing forms and still takes pride in the quality of printing produced by the company's own shop in the headquarters at 1204 Sovereign Row. The forms are printed in brown ink ("the easiest to read'') with the most legible type and design for clarity.

"We are unique in our completeness,'' said Tucker. "Some large banks print forms for themselves and their correspondent banks, and we have some competitors who print forms for independent banks. But I don't know of any independent firm in the country that prints all the forms we print and keeps them as current as we do to conform with all regulations.''

Because hundreds of different forms are used by banks, it's a complex undertaking, and it is complicated even more by adjustments needed to meet changing regulations of national and state regulatory bodies. That helps set American Bank System forms and software apart.

Bill Bourn, one of 15 employees, concentrates on keeping up with regulations, but that's not all.

"All of our forms are approved by attorneys who are experts in the fields involved in specific areas of banking,'' said Tucker. "For example, we recently made changes to conform with Regulation Z, the truth-in-lending regulations of the Federal Reserve Board. …

The rest of this article is only available to active members of Questia

Sign up now for a free, 1-day trial and receive full access to:

  • Questia's entire collection
  • Automatic bibliography creation
  • More helpful research tools like notes, citations, and highlights
  • Ad-free environment

Already a member? Log in now.

Notes for this article

Add a new note
If you are trying to select text to create highlights or citations, remember that you must now click or tap on the first word, and then click or tap on the last word.
One moment ...
Default project is now your active project.
Project items

Items saved from this article

This article has been saved
Highlights (0)
Some of your highlights are legacy items.

Highlights saved before July 30, 2012 will not be displayed on their respective source pages.

You can easily re-create the highlights by opening the book page or article, selecting the text, and clicking “Highlight.”

Citations (0)
Some of your citations are legacy items.

Any citation created before July 30, 2012 will labeled as a “Cited page.” New citations will be saved as cited passages, pages or articles.

We also added the ability to view new citations from your projects or the book or article where you created them.

Notes (0)
Bookmarks (0)

You have no saved items from this article

Project items include:
  • Saved book/article
  • Highlights
  • Quotes/citations
  • Notes
  • Bookmarks
Notes
Cite this article

Cited article

Style
Citations are available only to our active members.
Sign up now to cite pages or passages in MLA, APA and Chicago citation styles.

(Einhorn, 1992, p. 25)

(Einhorn 25)

1

1. Lois J. Einhorn, Abraham Lincoln, the Orator: Penetrating the Lincoln Legend (Westport, CT: Greenwood Press, 1992), 25, http://www.questia.com/read/27419298.

Cited article

American Bank Systems Grew from Hobby of Tucker
Settings

Settings

Typeface
Text size Smaller Larger Reset View mode
Search within

Search within this article

Look up

Look up a word

  • Dictionary
  • Thesaurus
Please submit a word or phrase above.
Print this page

Print this page

Why can't I print more than one page at a time?

Full screen

matching results for page

Cited passage

Style
Citations are available only to our active members.
Sign up now to cite pages or passages in MLA, APA and Chicago citation styles.

"Portraying himself as an honest, ordinary person helped Lincoln identify with his audiences." (Einhorn, 1992, p. 25).

"Portraying himself as an honest, ordinary person helped Lincoln identify with his audiences." (Einhorn 25)

"Portraying himself as an honest, ordinary person helped Lincoln identify with his audiences."1

1. Lois J. Einhorn, Abraham Lincoln, the Orator: Penetrating the Lincoln Legend (Westport, CT: Greenwood Press, 1992), 25, http://www.questia.com/read/27419298.

Cited passage

Welcome to the new Questia Reader

The Questia Reader has been updated to provide you with an even better online reading experience.  It is now 100% Responsive, which means you can read our books and articles on any sized device you wish.  All of your favorite tools like notes, highlights, and citations are still here, but the way you select text has been updated to be easier to use, especially on touchscreen devices.  Here's how:

1. Click or tap the first word you want to select.
2. Click or tap the last word you want to select.

OK, got it!

Thanks for trying Questia!

Please continue trying out our research tools, but please note, full functionality is available only to our active members.

Your work will be lost once you leave this Web page.

For full access in an ad-free environment, sign up now for a FREE, 1-day trial.

Already a member? Log in now.