CONTACT: Mark W. Jaindl, President and Chief Executive Officer
Allentown, PA, September 19, 2012
American Bank Incorporated (OTCBB: AMBK), the parent company of American Bank, today announced that it was named one of the Best Places to Work in PA. American Bank has the distinction of being the only bank located in the Lehigh Valley to be named to the list. The complete list of the 2012 Best Places to Work in PA award recipients can be found at www.bestplacestoworkinpa.com.
President and CEO Mark W. Jaindl stated, “We are so pleased to be identified as of one of the Best Places to Work in Pennsylvania. American Bank’s continued growth and success is directly attributable to our team members’ efforts. I am honored to work with a great group of individuals who contribute so much as a team. They work hard every day for our customers and shareholders and each team member’s commitment to excellence and strong work ethic is the reason for our positive work environment.”
In addition to being named one of the “Best Places to Work”, American Bank was recently recognized as “one of the safest banks in America” by MSN Money, and as a “5-Star Superior Bank” by BauerFinancial, Inc. The Bauer Financial “5-Star Superior Bank” rating is the highest rating available for strength and stability and recognizes American Bank as one of the strongest financial institutions in the nation.
The “Best Places to Work” survey and awards program, a public/private partnership between Team Pennsylvania Foundation, the Pennsylvania Department of Community and Economic Development, the Pennsylvania State Council of the Society for Human Resource Management, and the Central Penn Business Journal, was designed to identify, recognize and honor the best places of employment in Pennsylvania who are benefiting the state’s economy and its workforce. Employers are categorized based upon the total number of employees they have in the United States, 25 to 249 employees and 250 or more employees.
Companies from across the state entered the two-part process to determine the 100 Best Places to Work in PA. The first part of this process was evaluating each nominated company’s workplace policies, practices, philosophies, systems and demographics. This part of the process was worth approximately 25% of the total evaluation. The second part consisted of an employee survey to measure the employee experience. This part of the process was worth approximately 75% of the total evaluation. The combined scores determined the top companies and the final ranking. Best Companies Group managed the overall registration and survey process.
American Bank will be recognized at the Best Places to Work in PA awards banquet on Thursday, November 29th, at the Lancaster County Convention Center in Lancaster, PA. Rankings will be revealed at the ceremony.
American Bank, Inc. common stock (AMBK) last traded at $6.65 per share. American Bank, Inc. Series A preferred stock (AMBKO) last traded at $6.00. American Capital Trust I Preferred Securities (AMBKP) last traded at $9.00.
For more information on the Best Places to Work in PA, visit www.bestplacestoworkinpa.com or contact Jamie Mowery at the Central Penn Business Journal at 717-236-4300 or jamiem@centralpennbusiness.com.
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.