American Bank Commences Initial Public Stock Offering

CONTACT: Mark W. Jaindl, President and Chief Executive Officer
Allentown, PA, May 01, 2000

American Bank today commenced an initial public stock offering that is expected to increase capital by $10 million to $15 million through the issuance of new shares of common stock. Frederick J. Jaindl, Chairman of American Bank, stated, “Our strategic business plan contemplated raising additional capital during the first half of 2000, and we are pleased that the growth of American Bank warrants this opportunity to offer ownership of American Bank to our customers and the general public.”

The proceeds of the offering will be used to increase American Bank’s market presence and to further develop growth through other delivery channels, including the Internet. Mark W. Jaindl, President and Chief Executive Officer, stated, “American Bank envisions itself as a “Nationwide Community Bank” offering financial services across the United States through its Internet banking solution, American Bank Online. Whether at its Lehigh Valley, Pennsylvania office or over the Internet, American Bank is committed to providing exceptional service to all customers.”

American Bank is offering up to 1,500,000 shares of common stock at $10.00 per share. Shares will be sold on a priority basis to deposit and loan customers of the Bank as of March 31, 2000 and may also be available to the general public. To purchase shares, subscriptions must be received by American Bank on or before 4:00 p.m., Eastern time, on May 31, 2000. An individual may request an Offering Circular by contacting Eric W. Valaika, Executive Vice President and Chief Operating Officer, or Mark W. Jaindl.

This announcement is neither an offer to sell, nor a solicitation of an offer to buy, shares of common stock of American Bank. Such an offer can only be made by the Offering Circular. Please refer to risk factors in the Offering Circular. The common stock is subject to investment risk, including the possible loss of the amount invested. Neither the Securities and Exchange Commission, the Federal Deposit Insurance Corporation, the Board of Governors of the Federal Reserve System, the Pennsylvania Department of Banking nor any state securities commission has approved or disapproved these securities or determined if this Offering Circular is truthful or complete. Any representation to the contrary is a criminal offense.

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® 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, 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.