CONTACT: Mark W. Jaindl, Chairman and CEO
Allentown, PA, March 19, 2025
The Board of Directors of American Bank is pleased to announce that the bank reached a significant milestone of $1 billion in assets on March 18, 2025. This achievement reflects American Bank’s continued growth, strong customer relationships and commitment to providing the personalized banking services that consumers and businesses need.
Chairman and CEO Mark Jaindl states, “We are incredibly proud to attain this remarkable milestone. This achievement is a testament to the hard work and dedication put forth by our entire team.”
Jaindl continued, “Reaching $1 billion in assets isn’t just about a number. It represents that our customers and shareholders have placed their trust in us to deliver an exceptional banking experience. Everyone on our team is to be commended for this accomplishment. As we continue to grow, we are committed to continually providing our customers with innovative products and exceptional service, while also making a positive impact on our community through team member involvement and financial support.”
About American Bank
American Bank, headquartered in Allentown, PA, is a locally owned community bank dedicated to serving customers in the Lehigh Valley for over 25 years. American Bank is an early innovator of online banking technology and continues that tradition by providing customers across the country online services that make banking easy and convenient. Their online banking service, AmericanBank Online (available at AMBK.com), allows customers to bank using a full range of real-time online banking services including online bill pay, online ACH, transfers between accounts, transaction history, check images and e-Statements. At a time when customers need the ability to bank on the go, American Bank also has mobile banking and mobile deposit for consumer and business customers. To further enhance customers’ online experience, American Bank’s Virtual Assistant, “Penny,” is conversational artificial intelligence (AI) technology available via the website or mobile app and provides convenient, 24/7 access to information and resources.
American Bank offers a complete selection of deposit and loan products and convenient services to suit the needs of consumers and businesses. Dedicated to providing customers superior, personalized customer service, American Bank offers some of the best loan and deposit rates available and as a result, has received the Bankrate.com® Top Tier award for consistently offering annual percentage yields (APYs) that were among the highest reported.
In addition, it 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 and was 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.
AmericanBank Online is a registered trademark 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. American Bank is FDIC insured and an Equal Housing Lender.
"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.