American Bancorp posts profitable quarter.LAS VEGAS--(BUSINESS WIRE)--April 9, 1997--American Bancorp (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 :ABCN ABCN American Board of Clinical Neuropsychology ) reported an 11 percent increase in profits for the first quarter. The corporation, which is the parent company of American American, river, 30 mi (48 km) long, rising in N central Calif. in the Sierra Nevada and flowing SW into the Sacramento River at Sacramento. The discovery of gold at Sutter's Mill (see Sutter, John Augustus) along the river in 1848 led to the California gold rush of Bank of Commerce, netted $1,353,000, or 35 cents a share, compared with $1,222,000, or 32 cents a share, for the same period last year. The corporation's total assets increased 12 percent to $310,033,000 compared with $277,142,000 in the first quarter of 1996. As of March 31, shareholder equity was $32,503,000, compared with $27,788,000 last year at the end of the first quarter. American Bank of Commerce was established in 1979 as the first business bank in southern Nevada. The bank has grown to five branches across southern Nevada. American Bancorp of Nevada is traded on the NASDAQ under the symbol ABCN. CONTACT: Bob Olson Bob Olson was an American football player. His home town was Superior, Wisconsin. He attended Notre Dame where he played linebacker between 1968 and 1969 and became team captain. , 702/362-7222 |
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