CONTACT: Mark W. Jaindl, President and Chief Executive Officer
Allentown, PA, March 18, 2002
American Bank Incorporated (AMBK), the parent company of American Bank, today announced that it has been approved for listing of its common stock and warrants on the NASDAQ Small Cap Market. Trading of American Bank Incorporated stock and warrants on the NASDAQ Small Cap Market began on Friday, March 15, 2002. The common stock and warrants will be traded under the symbols AMBK and AMBKW, respectively
President and CEO Mark Jaindl stated, “We are very pleased that our stock and warrants have been approved for listing on the NASDAQ Small Cap Market. This listing reflects our commitment to future growth and success as it will allow us to take advantage of the benefits that go along with listing on the NASDAQ Small Cap market, including enhanced visibility which may result in greater liquidity.”
About American Bank
American Bank is a locally-owned community bank based in Allentown, PA. American Bank is recognized as a 5-Star Superior rated financial institution (the highest rating possible) by Bauer Financial Inc., designating it as one of the strongest banks in the nation as well as being named one of the safest banks in the nation by MSN Money. American Bank was ranked #1 by the Morning Call’s Top Workplaces in the Lehigh Valley and has been named one of the Best Places to Work in Pennsylvania.
American Bank offers a complete selection of banking products and services to suit the needs of consumers and businesses and includes checking, money market, savings, certificates of deposit, consumer and commercial loans and Visa credit cards. Dedicated to providing customers superior, personalized customer service, American Bank also offers some of the best loan and deposit rates available and as a result, for the past 12 years, has received the Bankrate.com® Top Tier award for consistently offering annual percentage yields (APYs) that were among the highest reported. Their online banking service, AmericanBank Online, which is accessible from the Bank’s website at AMBK.com, allows customers to bank conveniently and delivers a full range of real-time online banking services free of charge including online bill payment and presentment, ACH Direct, transfers between accounts, transaction history, check images and e-Statements. In addition, both consumer and business customers can bank on the go using mobile banking which includes mobile deposit. American Bank is FDIC insured and is an Equal Housing Lender.
AmericanBank Online is a registered trade mark for the Internet financial services provided by American Bank, a state-chartered, FDIC-insured, full-service financial institution serving customers throughout the United States. American Bank is a member of the Federal Reserve System.
"Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995
Statements in this press release regarding American Bank's business which are not historical facts, including expectations regarding future financial results, are "forward-looking statements" that involve risks and uncertainties which could cause actual results to differ materially from such statements.