Monday, January 30th, 2023 American Bank Announces Senior Management Promotions

CONTACT: Mark W. Jaindl, President and Chief Executive Officer
Allentown, PA, January 30, 2023

Chairman of the Board and Chief Executive Officer, Mark Jaindl is pleased to announce the promotion of two members of American Bank's senior management team. Mr. Chris Persichetti, Executive Vice President and Chief Lending Officer, has been promoted to President and Chief Lending Officer. Ms. Toney Horst, Senior Vice President and Chief Financial Officer, has been promoted to Executive Vice President and Chief Financial Officer.

Mr. Persichetti joined American Bank in 1999 as Senior Lending Officer before being promoted to Senior Vice President and Chief Lending Officer in 2005. He has served as Executive Vice President and Chief Lending Officer since 2017. Mr. Persichetti has over 30 years of experience in banking and commercial lending. In addition, Mr. Persichetti serves as the Treasurer of the Foundation Board for LifePath, Inc., Board Member and Treasurer for Lehigh Valley Economic Investment Corporation, and volunteers with Big Brothers Big Sisters of the Lehigh Valley in their Littles 2B program.

Ms. Horst joined American Bank in 2015 as Senior Vice President and Chief Financial Officer and also serves as Treasurer of American Bank Incorporated. She is a Certified Public Accountant and has over 30 years of experience in finance/accounting and banking. Ms. Horst currently serves as Treasurer of the Board of Directors of Camelot for Children.

Jaindl stated, "The promotions of Chris and Toney within our senior management team allow us to leverage their skills and talents that have been integral to our success over the years. As a proven leader in the commercial lending area, Chris will remain focused on the continued expansion of our commercial loan portfolio throughout the Lehigh Valley. In addition, Toney will continue to lead our growing accounting and finance area, handling the many aspects of strategic planning, financials, and investments, which we are constantly reviewing and updating. The Board of Directors looks forward to utilizing their strengths and actively engaging them in the future growth of the Company."

About American Bank

American Bank, headquartered in Allentown, PA, is a locally owned community bank dedicated to serving customers in the Lehigh Valley for over 25 years. American Bank is an early innovator of online banking technology and continues that tradition by providing customers across the country online services that make banking easy and convenient. Their online banking service, AmericanBank Online (available at AMBK.com), allows customers to bank using a full range of real-time online banking services including online bill pay, ACH Direct, transfers between accounts, transaction history, check images and e-Statements. At a time when customers need the ability to bank on the go, American Bank also has mobile banking and mobile deposit for consumer and business customers.

American Bank offers a complete selection of deposit and loan products and convenient services to suit the needs of consumers and businesses. Dedicated to providing customers superior, personalized customer service, American Bank offers some of the best loan and deposit rates available and as a result, has received the Bankrate.com® Top Tier award for consistently offering annual percentage yields (APYs) that were among the highest reported.

In addition, it is recognized as a 5-Star Superior rated financial institution (the highest rating possible) by Bauer Financial Inc., designating it as one of the strongest banks in the nation and was named one of the safest banks in the nation by MSN Money. American Bank was ranked #1 by the Morning Call's Top Workplaces in the Lehigh Valley and has been named one of the Best Places to Work in Pennsylvania.

AmericanBank Online is a registered trademark for the Internet financial services provided by American Bank, a state-chartered, FDIC-insured, full-service financial institution serving customers throughout the United States. American Bank is a member of the Federal Reserve System. American Bank is FDIC insured and an Equal Housing Lender.

"Safe Harbor" Statement under the Private Securities Litigation Reform Act 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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