CONTACT: Mark W. Jaindl, President and Chief Executive Officer
Allentown, PA, August 27, 2004
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 enhancement of the Bank’s web-based bill payment services currently available to personal deposit customers with online access through the Bank’s web site, pcbanker.com. The implementation of the upgraded bill payment system improved upon the existing system through the addition of new features and improved functionality.
American Bank partnered with PSCU Financial Services, Inc. to upgrade the web-based bill payment services currently a part of their pcbanker online banking solution. The bill payer service uses CheckFree Corporation’s industry leading, fully integrated, end-to-end billing and payment solution. With this service, members can pay bills from the Bank’s online banking platform with a single, seamless click. The bill payer service includes both bill payment and bill presentment, so users can receive bills electronically from a growing list of e-billers (over 320), and can pay anyone, anytime, anywhere.
President and CEO Mark Jaindl stated, “We are committed to offering our customers superior products and services. We maintain that commitment by upgrading our existing bill payment system to one provided by an industry leader such as CheckFree, whose solution provides extensive bill payment and bill presentment functionality. We are confident that existing and new customers alike will enjoy the benefits now available through our improved pcbanker bill payment.”
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.