American Bank & Trust
reports record 2004 profits and new growth.

American Bank & Trust reported record 2004 profits and new growth at its 38th Annual Meeting held Thursday, May 25th, 2005 at the Abbey Hotel in Bettendorf, IA. During fiscal 2004, American Bank & Trust’s seven stand alone branches, trust and financial services operations, and mortgage offices, all contributed significantly to earnings and profitability. Record highs were achieved in income, loans, and total assets. Net income of $4,104,000 increased for the 5th consecutive year. Total assets grew 5.19% to approximately $466 million.

Mr. Harry S. Coin, Bank Chairman-President-CEO, stated, “We were able to grow our loan portfolio by almost 16% and at the same time keep loan quality intact with net loan losses of $84 thousand, well below the industry standard. Our mortgage operations closed over $110 million in new mortgages. We are very excited to announce that American Bank & Trust now offers our clients the option to apply and get approved for a mortgage on-line at www.ambankqc.com.”

Mr. Coin continued to say that, “The past 18 months have seen significant changes to our infrastructure, enabling us to implement our strategic vision for the future. Part of the vision, is the establishment of a stronger retail branch network which will empower our team with the tools to deliver our already exceptional service to an expanded market area. In 2005, American Bank & Trust will open six new banking facilities in Milan, IL; East Moline, IL; Moline, IL; Coralville, IA; Elburn, IL; and Batavia, IL. Our team has made the commitment to take American Bank & Trust to the next level and beyond.”

During 2004, the bank acquired an attractive location in Coralville, Iowa. Construction of a 7,500 square foot banking facility has begun with an opening scheduled for later this summer. American Bank was also awarded six in-store branches in 2004, of which two have opened: the Milan Hy-Vee and East Moline, Jewel-Osco. Harry commented, “Offering an in-store branch is another way both the financial institution and the retail store can provide convenient 7 day a week ‘one-stop’ shopping service.” Both branches are currently performing ahead of schedule.

Mr. Coin thanked the management team and American Bank & Trust associates for their commitment to the strategic vision. He added, “I would also like to thank our Directors for their guidance and support as the demands have increased through corporate governance rules and regulations. Finally, I would like to thank our loyal customers and shareholders. We appreciate the opportunity to serve our clients and the continued confidence our shareholders have in our abilities.”

Harry Coin was elected Chairman of Ambank Holdings, Inc, the bank’s parent company. Re-elected to a one-year term were Vice Chairman and Director Mr. Robert Krohn and Directors Mr. Pryce Boeye, Dr. Peter Caras, Mr. Stanley Coin, Mr. James Russell, Mr. Steven Schroder, and Mr. Vernon Wegerer.

The Holding Company appointed the Bank Executive Officers as follows: Harry Coin, President, CEO, and Chairman of the Board; Mike Bell, Executive Vice President, Operations; John Benoit, Executive Vice President and Trust Manager; Dale Dollenbacher, Executive Vice President, CFO; Craig Haines, Executive Vice President, Mortgage Division; Nathan Koch, Executive Vice President, Johnson County, IA Market Manager; Robert Krohn, Executive Vice President, Chief Lending Officer; John Ortlieb, Executive Vice President; and Jeff Widdop, Executive Vice President, Retail Business Development Manager.

American Bank & Trust, established in 1968 in Rock Island, IL, has over $460 million in assets and is a full service financial institution offering personal & commercial banking, trust, and investment services. The Bank is committed to enriching the lives of its customers and the communities where they live by offering the highest level of service and custom-tailored products to exceed their financial needs. For more information on American Bank & Trust, visit www.ambankqc.com.