American Bank e-Checking account named "Best of Web" for online banking products by FinanCenter.com

CONTACT: Mark W. Jaindl, President and Chief Executive Officer
Allentown, PA, Wednesday, August 30, 2000

Allentown, PA, August 30, 2000 - American Bank (OTCBB: ABKA) a leading provider of Internet banking services (pcbanker.com), today announced that their e-Checking account has been nationally ranked as the #1 online banking product by FinanCenter.com, a leading online source of financial services' research and tools for consumers.

In addition to offering 6.25% APY, the highest checking account rate in the country, the e-Checking account offers free online bill payment, ATM rebates, free first order of checks, unlimited VISA Check Card usage and no monthly maintenance fees or minimum balance requirement.

President and CEO Mark Jaindl stated, "One of the primary goals of American Bank is to offer our customers the best value for their money and the e-Checking account does just that. This recognition acknowledges that we are giving our customers the value they want and deserve."

In order to develop their rankings, FinanCenter.com visits each site, secures the latest rates and, if needed, calls the bank to verify the information. When ready to calculate the final rankings, FinanCenter.com uses default weighting, giving more importance to factors like interest rates and features. However, consumers can reset these weightings in order to best reflect their priorities. Based upon the results, American Bank received a top ranking for its e-Checking account. The entire list can be viewed at FinanCenter.com.

About American Bank
American Bank, a locally-owned community bank based in Allentown, PA, 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. American Bank is dedicated to providing customers superior, personalized customer service while offering 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. Their online banking service, pcbanker, 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. American Bank is FDIC insured.

American Bank Online is a registered mark and pcbanker.com is a 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.

About FinanCenter.com
FinanCenter.com, the number one source of interactive personal finance tools, currently offers comparisons of 40 financial products and services, 135 self-help calculators, and 9 categories of educational guides to help consumers make informed decisions quickly and easily. FinanCenter.com's clients and partners include America Online, Yahoo!, USA Today, Citibank, GE Financial Services, Nasdaq, The Motley Fool, PricewaterhouseCoopers, Principal Financial Group, and many others.

FinanCenter.com's demonstration site, FinanCenter.com was named the Best Calculator Site by Forbes Magazine, one of the Top 50 Web Sites by Yahoo!, Editor's Choice by Snap.com, and Cool Web Site of the Day by CNBC.

"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.

For additional information, please contact Mark W. Jaindl, President and Chief Executive Officer.