American Bank Plans to Open New Branch.

Business Editors

ROCKVILLE, Md.--(BUSINESS WIRE)--April 26, 2000

American Bank (OTCBB: BKMD), Rockville, Maryland, announced that the Bank has changed its name from American Federal Savings Bank to American Bank.

It is also pleased to announce the opening of its second branch location at 5600 Connecticut Avenue, NW in Chevy Chase.

Phillip C. Bowman, President and CEO of American Bank, said, "With the name change and the opening of the Chevy Chase branch, we begin a new era at American Bank. We have combined the best of both worlds, finance and technology, to bring our customers the most innovative financial services available while at the same time serving their personal needs with the same knowledgeable and friendly service for which our company is known. We share this community with our customers. We live and work here too. Therefore, we understand the importance of knowing your local bank."

At March 31, 2000, the Bank had total assets of $114.7 million, deposits of $68.0 million and stockholders' equity of $12.8 million, as compared to $107.7 million, $67.3 million and $12.6 million, respectively, at December 31, 1999.

Mr Bowman said, "Our deposit base is growing thanks to both long-time customers and many new customers. We're proud to be a part of the local community and we're looking forward to serving the community in the future."