American Bank CEO Receives Ernst & Young Entrepreneur of the Year Award

CONTACT: Mark W. Jaindl, President and Chief Executive Officer
Allentown, PA, Thursday, June 26, 2003

Allentown, PA -- June 26, 2003 -- American Bank announced today that Mark W. Jaindl, President and CEO, received the Central and Eastern Pennsylvania Ernst & Young Entrepreneur Of The Year Award in the Financial Services category. The award was presented by Jeffrey Vrabel from Ernst & Young at a regional celebration at the Harrisburg-Hershey Marriott on Wednesday, June 25, 2003.

The Entrepreneur Of The Year award was created by Ernst & Young to recognize outstanding individuals on a regional, national and ultimately global level. All the winners are selected by a panel of independent judges comprised of local community and business leaders.

“I am very honored to receive the 2003 Entrepreneur of the Year award from a well-respected organization such as Ernst & Young” stated Jaindl. “Although this award recognizes the achievements of entrepreneurs, a large part of the success of any organization relies upon the strength of their team. I am pleased to share this accomplishment with the entire staff of American Bank, whose ideas and hard work have contributed to the continued success of our organization.”

“Entrepreneur Of The Year award winners embrace the entrepreneurial spirit and determination needed to achieve success,” said Chris L. Bruner, America’s Director of Ernst & Young Entrepreneur Of The Year. “Ernst & Young is proud to recognize and support these leaders and their companies.”

Mark Jaindl is now eligible for consideration for the 2003 National Entrepreneur Of The Year program. Winners in several national categories, as well as the overall National Ernst & Young Entrepreneur Of The Year, will be announced at the awards gala on November 22 at the J.W. Marriott Desert Springs Resort & Spa in Palm Desert, CA.

The Entrepreneur Of The Year® (EOY) program, founded by Ernst & Young in 1986, was created to celebrate the accomplishments of the world’s outstanding entrepreneurs and to make the public more aware of the benefits they provide to our society. Regional EOY programs are held in 37 U.S. locations and over 35 countries around the world. You can learn more about the EOY program through our Web site at www.ey.com/us/eoy.

Entrepreneur Of The Year and logo are registered service marks of Ernst & Young LLP.

For the Entrepreneur Of The Year program:
1-800-755-AWARD

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 and pcbanker.com are registered marks 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.

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