American Bank Appoints New Board Members

Business Wire, August 2, 2002

Business Editors

SILVER SPRING, Md.--(BUSINESS WIRE)--Aug. 2, 2002

American Bank (OTCBB:BKMD.OB) recently announced the appointment of two local executives, George A. Kramer and Douglas M. Bregman, to the board of directors. George A. Kramer, former chairman of the Kronheim Companies, has been active in business and banking in the metropolitan area for over forty years. He was a practicing attorney before joining Kronheim, where as Chairman he helped the company grow to $350 million in annual sales. He is a resident of Bethesda and currently assists the Maryland State Courts as a court appointed Arbitrator. Douglas M. Bregman is managing partner in the law firm of Bregman, Berbert, Schwartz & Gilday, LLC. He works on a variety of commercial transactions and civil lawsuits, and is an Adjunct Professor of Law at Georgetown University Law Center. Bregman also serves as a mediator and an arbitrator and is a Professor of Negotiation and Mediation Skills at the International Institute for Conflict Resolution. He is a graduate of Georgetown University Law Center and received his B.A. from Colgate University.

Phillip C Bowman, President and CEO of American Bank stated that, "The appointment of George Kramer and Douglas Bregman adds the experience of two highly skilled and dedicated business professionals to the bank's board of directors. I am very pleased that they have agreed to work with us as we build our bank's franchise in Montgomery County. I am confident that with their added expertise our Board will continue to lead us in achieving our business plan and in providing our customers with the best in banking products and services."

About American Bank

American Bank is a federally chartered and federally insured institution with $165 million in assets. The Bank is headquartered in Silver Spring, Maryland with branches in Rockville, Chevy Chase, Silver Spring and Ellicott City.