American Bank Introduces ACH Direct For Online Customers.Business Editors ALLENTOWN, Pa.--(BUSINESS WIRE)--July 25, 2002 American Bank (Nasdaq:AMBK), serving the Lehigh Valley The Lehigh Valley or the Allentown-Bethlehem-Easton, PA-NJ metropolitan area is a metropolitan region in eastern Pennsylvania and western New Jersey, in the United States. It is the third-most populated metropolitan region in Pennsylvania, after Philadelphia and Pittsburgh. community in eastern Pennsylvania and recognized as a leading provider of Internet banking and financial services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. nationwide, today announced the addition of ACH Direct, American Bank's "checkless transfer" service available to personal deposit customers with online account access through the Bank's web site, pcbanker.com. ACH Direct will allow customers to transfer funds from an account at another financial institution to American Bank quickly and conveniently. Personal deposit customers who have a checking, savings or money market account at American Bank will be able to utilize the ACH Direct service free of charge. Upon completing their registration to use ACH Direct, customers will soon realize the advantages of using the service, including ease and convenience of transferring money online and eliminating costs associated with mailing deposits to the bank. 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. Mark Jaindl stated, "The introduction of ACH Direct helps fulfill our goal of providing our customers with a full range of products and services that allows them to bank completely online. ACH Direct gives our customers the convenience of transferring funds from another financial institution to American Bank with just a few clicks of a mouse." Jaindl continued, "Implementing services such as ACH Direct will demonstrate our commitment to offering services that will eliminate costs and solidify our strong presence in the area of Internet banking." About American Bank American Bank offers a complete selection of banking services that includes checking, money market, savings, certificates of deposit, consumer and commercial loans, free personal online bill payment, credit cards and VISA debit   The old Visa and Delta logos. cards. Pcbanker.com delivers a full range of real-time Internet banking, insurance and discount brokerage A discount brokerage is a business that charges clients significantly lower fees than traditional brokerages, typically offering comparatively fewer services and/or advice. services, while consistently offering some of the best loan and deposit rates in the United States. American Bank has been recognized as one of the top Internet banks in the country by Gomez Advisors, Inc and has received the Bankrate.com(R) Top Tier award for consistently offering annual percentage yields (APYs) that were among the highest reported. American Bank is FDIC FDIC See: Federal Deposit Insurance Corporation FDIC See Federal Deposit Insurance Corporation (FDIC). insured. "Safe Harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. " Statement under the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and 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. |
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