CONTACT: Mark W. Jaindl, President and Chief Executive Officer
Allentown, PA, July 25, 2002
American Bank (NasdaqSC: AMBK), serving the Lehigh Valley community in eastern Pennsylvania and recognized as a leading provider of Internet banking and financial services nationwide, today announced the addition of ACH Direct, American Bank’s “checkless transfer” service available to personal deposit customers with online account access through the Bank’s web site, pcbanker.com. ACH Direct will allow customers to transfer funds from an account at another financial institution to American Bank quickly and conveniently.
Personal deposit customers who have a checking, savings or money market account at American Bank will be able to utilize the ACH Direct service free of charge. Upon completing their registration to use ACH Direct, customers will soon realize the advantages of using the service, including ease and convenience of transferring money online and eliminating costs associated with mailing deposits to the bank.
President and CEO Mark Jaindl stated, “The introduction of ACH Direct helps fulfill our goal of providing our customers with a full range of products and services that allows them to bank completely online. ACH Direct gives our customers the convenience of transferring funds from another financial institution to American Bank with just a few clicks of a mouse.”
Jaindl continued, “Implementing services such as ACH Direct will demonstrate our commitment to offering services that will eliminate costs and solidify our strong presence in the area of Internet banking.
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.