American Bank Exceeds 130 Million in Assets

CONTACT: Mark W. Jaindl, President and Chief Executive Officer
Allentown, PA, March 31, 2000

“Deposit growth has climbed quickly and steadily since the Bank opened in 1997” reported Mark Jaindl, President and CEO. “Our growth over the past three years has exceeded our forcasts and speaks to the increasing awareness of American Bank Online as a premier Internet financial and e-commerce provider.”

Building national awareness of American Bank and American Bank Online has been a key factor in the company’s growth and success. While the bank has a state charter in Pennsylvania, it serves customers nationwide, and now has customers in nearly all 50 states. American Bank requires customers to have a U.S. mailing address and social security number to qualify for an account.

Mr. Jaindl points out that the bank’s success will not lead to complacency. “Everyone knows that the realm of Internet commerce develops and changes quickly. American Bank Online can be no different … we are committed to continuous innovation, as well as a premier level of customer service, to meet and exceed our customers’ expectations.”

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.