Nathan Koch
(319) 631-5961
nkoch@ambankqc.com

FOR IMMEDIATE RELEASE
March 2, 2005

AMERICAN BANK & TRUST
HIRES THREE PROMINENT AREA LENDERS
AND CREATES A MORTGAGE SPECIALIST TEAM

American Bank & Trust Company announced today the appointment of John Hierseman, Scott Schroeder, and Janet Norris, as Second Vice President Mortgage Loan Officers for their new branch under construction at the corner of Highway 6 and 22nd Avenue in Coralville, Iowa. The new full service facility is scheduled to open later this summer.

John Hierseman brings 10 years of banking experience. He was most recently employed by a local financial institution and led their Linn County Real Estate Lenders in production for the last 5 years. Mr. Hierseman received a BA in Finance from the University of Iowa in 1994. You can contact him at (319)331-7973

Scott Schroeder has been a Mortgage Originator since 1999. He received a BBA in Management and Organization from the University of Iowa in 1996. He can be reached at (319)594-1254

Janet Norris, a life-long resident of Johnson County, brings 18 years of banking experience to American Bank. For the last 3 years, she was the top real estate lender for a local financial institution. She received her Associates Degree from Kirkwood Community College. Janet can be contacted at (319)330-7347

Nathan Koch, American Bank & Trust Executive Vice President/Johnson County Market Manager, commented, “We are delighted to bring this level of expertise to our new Coralville facility. Their customer first philosophy and entrepreneurial spirit will be a great asset to the bank, community, and prospective clients. The new team will be working out of a temporary loan production office at 555 West Cherry Street, Ste. 3 in North Liberty until July, when the branch is scheduled to be completed.”

Mr. Koch also mentioned that the Bank is focused on convenience, using the latest technology. “We’ll be providing homebuyers with one of the most convenient loan application services available on the market utilizing the Internet.” In April, homebuyers and clients desiring to refinance with American Bank will be able to apply for their mortgage online 24/7 at www.ambankqc.com. Application information can be entered through this secure web site with a credit decision delivered in most instances within 20 minutes. Additionally, applicants may contact any of the Mortgage Specialists at any time during the application process with questions.

American Bank & Trust Company, based in Davenport, Iowa was established in 1968 and is a full service financial institution offering personal banking, commercial banking, trust, and investment services. The Bank is committed to enriching the lives of its customers and the communities where they live. Assets as of December 31, 2004 were $465 million. For more information, visit www.ambankqc.com.