Monday, July 1st, 2024 American Bank Announces Senior Management Retirement and Promotion

CONTACT: Mark W. Jaindl, Chairman and CEO
Allentown, PA, July 1, 2024

Chairman of the Board and Chief Executive Officer, Mark Jaindl is pleased to announce the promotion of a member of American Bank's team to a Senior Management role. Ms. Sarah Westgate, Vice President and Project Manager has been promoted to Senior Vice President and Chief Operating Officer effective July 1, 2024. This position became open due to the retirement of Ms. Karina Behler, who has served in the COO role since March 2018.

Ms. Westgate joined American Bank in May 2002 first as a Teller and Personal Banking Representative at the Bank's Tilghman Street branch. She then transitioned into a role within the Compliance Department where she held various positions including Compliance and Training Specialist before becoming Assistant Operations Officer. She has served in the role of Vice President and Project Manager since 2021.

Jaindl stated, "The promotion of Sarah to our senior management team allows us to seamlessly transition this role to an individual with a strong skill set and the knowledge and background of American Bank that comes with her longevity within the organization. We look forward to seeing the contributions that Sarah will be able to make while in this position. We are also grateful for the significant contribution made by Karina while serving as our COO and wish her all the best in her future endeavors."

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, online ACH transfers, 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. To further enhance customers' online experience, American Bank's Virtual Assistant, "Penny," is conversational artificial intelligence (AI) technology available via the website or mobile app and provides convenient, 24/7 access to information and resources.

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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