CONTACT: Mark W. Jaindl, President and Chief Executive Officer
Allentown, PA, May 02, 2011
American Bank, Allentown, Pennsylvania is proud to be recognized as a 5-Star Superior Bank by BAUERFINANCIAL, Inc., Coral Gables, Florida, the nation’s bank rating firm. Earning this highest 5-Star rating for strength and stability, Mark W. Jaindl, President and CEO, and the entire team at American Bank have proven their commitment to their customers. To earn Bauer’s 5-Star Superior rating, American Bank must excel in areas of capital adequacy, delinquent loan levels and profitability to name just a few.
American Bank was established in 1997 and has been serving the banking needs of its neighbors and friends in the Lehigh Valley for 14 years. It operates out of its conveniently located office on West Tilghman Street in Allentown and can also be found on the internet at www.ambk.com.
According to Karen L. Dorway, president of the research firm, “community banks, like American Bank, tend to know their customers, the local business community, when to grant a loan… and when not to grant one. What many people don’t realize is that community banks actually have better balance sheets than their larger counterparts. Their capital ratios and nonperforming asset ratios are typically much more impressive than larger institutions. These are not the banks that threaten our economic well-being. On the contrary, they are the lifeblood of it.”
American Bank: “Your 5-Star Community Bank.”
BAUERFINANCIAL, Coral Gables, Florida, the nation’s leading independent bank and credit union rating and research firm, has been reporting on and analyzing the performance of U.S. banks and credit unions since 1983. No institution pays BauerFinancial to rate it, nor can any choose to be excluded. Consumers may obtain star-ratings by visiting www.bauerfinancial.com.
###
BAUERFINANCIAL, INC. P.O. Box 143520, Coral Gables, FL 33114.
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.