AMBANC Corp. announces new bank construction in Terre Haute.VINCENNES, Ind.--(BUSINESS WIRE)--April 22, 1997--Robert G. Watson, Chairman, President and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of AmBank Indiana, N.A., announced the construction of a new branch facility in Terre Haute, Indiana Terre Haute (IPA: [ˌtɛยทɹə ˈhoʊt]) is a city in Vigo County, Indiana near the state's western border with Illinois. . The new facility will be located at 126 South Third Street. In making the announcement Watson stated, "We are very excited about our second facility in the Terre Haute Terre Haute (tĕr`ə hōt, tĕr`ē hŭt), city (1990 pop. 51,483), seat of Vigo co., W Ind., on the Wabash River; inc. 1816. market. Our first location inside the Wal-Mart supercenter has been very successful. It has been our intention to create a flagship bank in Terre Haute for a long time. We feel the economic climate of the area and the potential for growth warrants our investment at this time." Watson further stated, "This will certainly let the people of Terre Haute know what our commitment level is to the community. This expansion also fits into our long term strategy of growth for the bank, and more importantly to our shareholders." Construction is expected to begin immediately following regulatory approval. It is anticipated that the facility will be open for business in the first quarter of 1998. AmBank Indiana, N.A. currently has 15 branches located within Knox, Gibson, Vigo, Greene and Vanderburgh counties. AmBank recently announced the May 21, 1997, opening of a new facility located within the new Wal-Mart Supercenter in Evansville, Indiana
Evansville (IPA: [ˈɛ.vənzˌvɪl]) is the third-largest city in the state of Indiana. . AmBank Indiana, N.A., is a subsidiary of AMBANC Corp. AMBANC Corp. is a bank holding company located in Vincennes, Indiana This article is about the United States city, Vincennes. For other uses, see Vincennes %28disambiguation%29. The city of Vincennes is the county seat of Knox County, Indiana. It is located on the Wabash River in the southwestern part of the state. with assets in excess of $725 million. Through its affiliate banks AmBank Indiana, N.A. and AmBank Illinois, N.A. of Robinson, Illinois, they provide 25 banking locations in southwest Indiana and southeast Illinois. AMBANC Corp. is publicly traded on the NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on National Market under the symbol AMBK. Further information about the company may be found on their WEB site at www.ambk.com . CONTACT: AMBANC Corp., Vincennes Walker Hatton, 812/885-6415 812/885-6433 (Fax) |
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