American Bank Family Mourns the Loss of Chairman

CONTACT: Mark W. Jaindl, President and Chief Executive Officer
Allentown, PA, Tuesday, March 30, 2004

Allentown, PA, March 30, 2004 – American Bank, Inc. (NasdaqSC: AMBK), the parent company of American Bank, today announced the unexpected death of Frederick J. Jaindl (age 76), Chairman of the Board of Directors, on March 29, 2004, as a result of an automobile accident near his home.

“We are deeply saddened by the untimely passing of Fred Jaindl, who contributed so much to the development of American Bank and its holding company, American Bank Incorporated.” said Mark W. Jaindl, President and Chief Executive Officer. “The Board of Directors and staff are committed to build upon the vision that Fred established. Fred was a man of the highest level of honesty and integrity and his leadership of the Company will surely be missed.”

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.