Dedicated to Deposits: Deals, Data, and Discussion
Featured Savings Rates
Featured Accounts
Overview / Commentary
4029 West Tilghman Street
Allentown , PA 18104

American Bank, a wholly-owned subsidiary of American Bank, Inc., is a state-chartered, FDIC insured, "nationwide" community bank, serving both the local community in Eastern Pennsylvania as well as customers throughout the country from their headquarters in Allentown, Pennsylvania.

Reviews (3)

Very Decent Small Bank

I've been using this bank for a number of years now - initially just casually as a second checking account next to my then main account with everbank. When everbank jacked up their minimum balance requirement for free billpay to $5000, I closed that account and American Bank became my main bank incl. direct deposit.

To me the billpay features a bank offers is a make or break deal issue. Nothing I've seen and experienced so far can beat everbank's billpay (for my purposes that is) with the crucial feature of 'projected balance in future view' being automatically implemented and including any scheduled billpay payments. So that was nice.

American Bank's billpay feature does things a bit differently. The biggest difference is that projected balances are not automatically updated with newly scheduled billpay payments (done on a linked external website). Rather you have to go back to your account register and enter your new billpay manually. The projected balance then gets recalculated. So, it's a bit less convenient than everbank's billpay, but it does the job (which, e.g., can't be said of Ally's newish checking account:-( The upside is no maximum for daily or individual billpays (unlike, e.g., everbank), which comes in handy if you want to pay off a credit card with a large balance transfer just before the promotional APR jumps from 0 to whatever %.

The APR is decent with 1.10%, the free billpay monthly minimum balance of $1000 is acceptable - certainly more so than everbank's $5k!

ATM fees get reimbursed the next day. You can mail checks for deposit in pre-paid envelopes - drop a message and they'll send you another 10 envelopes. I receive many small checks, so recently I resorted to depositing them at my no-interest, no-fee Citizens checking account (inside my grocery store) and then ACH them to American Bank. Unfortunately, their minimum is $10 for each ACH transfer, so I keep mailing them the smaller checks. Keyword ACH: American Bank only allows you to withdraw money from your external accounts - you cannot deposit money from your American Bank account to other accounts. However, I have Ally and now WTDirect as hub accounts, so no real issue there. Setup of new external accounts is again a bit cumbersome: not only do they the usual trial deposit, but you also have to mail in a void check (who still gets checks these days???) or other proof of your ownership of the new account incl. FULL acct. no., ABA routing number and your name - sometimes tough to get from online-only accounts that don't send you paper statements:-( Other than that, the ACH transfers work fast.

Customer service is great - people online or on the phone are always very friendly, responsive and try their utmost to solve any problems you may call about.

All in all, I'm quite happy with this bank and would only take my business to another bank if I saw a better deal and/or better features (see above). I had high hopes for Ally's checking account (no minimum balance for free billpay), but when I learned that they don't have projected future balances that include scheduled billpay payments, I told them no thank you - maybe down the road Ally will implement this valuable feature and I'll have a second look.

Great Service And Product

I have used (now since 2001.  I have been very happy as they have consistently ranked near the top in interest rate provided.  They have not really updated their site since I joined, so it still has a late 90's look and feel.  I'm still able to query easily for transactions I need to find and perform online bill pay and do ACH transactions.  The ATM reimbursement is great, but I have gone over the $6 limit at times due to the ever increasing rates ATMs seem to be charging.

One thing to be aware of is that their high interest rate fall significantly on deposits past $10k.  This causes me to move my money around quite a bit.  I wish the high interest limit was set a bit higher.

When you call or email, the customer service is great and fast.  They took care of an issue I had in Peru where an ATM did not give me cash, but still charged me.

Shareholder CD Special For 12 Month CD 1.55% APY.

This is offered annually to stock shareholders of American Bank in Allentown, PA. A coupon accompanies their annual report which needs to be redeemed to qualify.  I do not have a bank account with American Bank but I am a shareholder.

Minimum amount is $500.00; maximum deposit is $10,000.00; offer is limited to one per shareholder.  This year the offer expires 7/31/12.  I believe they have had a cd special for the last couple of years with the APY varying each year.  Do not know if there is a minimum number of shares to own; once a shareholder you will have to contact bank for additional details.

Funds transferred from an existing American Bank account are not eligible.  Rates are subject to change at any time without notice.  A penalty may be imposed for early withdrawal.  Offer applies to new American Bank CD accounts only is not valid with any other special promotion. 

The Shadow


Data for Q2 2014

Institution Health


Texas Ratio


The Texas Ratio is an indicator of how much capital a bank has available compared to the total value of loans considered at risk. As of June 30, 2014 American Bank had $0 in non-current loans and owned real-estate with $57.34 million in equity and loan loss allowances on hand to cover it. This gives American Bank a Texas Ratio of 0.00% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Deposit Growth


In the past year, American Bank has decreased its total deposits by -$10.96 million, resulting in -2.87% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth American Bank has shown is below average.



Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. American Bank has $517.87 million in assets with $57.34 million in equity, resulting in a capitalization level of 11.07%, which is excellent.

Institution Statistics

FDIC Certificate #34422
Year Established1997
Primary RegulatorFED
Assets and Liabilities
Assets$517.87 million
Loans$340.36 million
Deposits$371.52 million
Equity Capital$52.52 million
Loan Loss Allowance$4.82 million
Real Estate Owned$0
Historic Data - June 2013
Assets$511.67 million
Equity Capital$50.27 million
Loan Loss Allowance$4.61 million
Real Estate Owned$0
Profit Margin - Quarterly
Return on Assets0.9%
Return on Equity9.03%
Interest Income$8.86 million

Always verify rates and promotions with the bank or credit union. We are not American Bank, we are a rate comparison website and can not provide official rates or promotions.

American Bank Savings Account Rates

0.15%--Young American Statement Savings
0.10%--Statement Savings
0.10%--IRA Statement Savings
0.10%--Health Savings Account
0.10%--Roth IRA Statement Savings
0.10%--CESA Statement Savings
0.03%--Business Statement Savings
0.03%--Escrow Banker Savings Account

American Bank Money Market Rates

0.30%$2,500k-e-Money Market
0.20%$100k-Personal Premium Money Market
0.15%$2,500k-Personal Money Market
0.15%$100k-Business Premium Money Market
0.12%$2,500k-Business Money Market

American Bank Checking Account Rates

1.01%--IOLTA Checking
1.01%--MJ-IOTA Checking
0.50%$2,500k-Community Checking (Not-For-Profit Organizations)
0.40%-$10kAmerican e-Checking
0.08%$1k-American Gold Checking
0.05%$1k-American Bank Checking
0.03%$1k-Business Interest Checking (Sole Proprietors)

American Bank CD Rates

1.70%$500-60 Month CD
1.70%$500-Business 60 Month CD
0.85%$500-48 Month CD
0.85%$500-Business 48 Month CD
0.60%$500-36 Month CD
0.60%$500-Business 36 Month CD
0.50%$500-30 Month CD
0.50%$500-Business 30 Month CD
0.45%$500-24 Month CD
0.45%$500-Business 24 Month CD
0.35%$500-18 Month CD
0.35%$500-Business 18 Month CD
0.27%$500-12 Month CD
0.27%$500-Business 12 Month CD
0.15%$500-90 Day CD
0.15%$500-182 Day CD
0.15%$500-120 Day Instant Access CD
0.15%$500-Business 120 Day Instant Access
0.15%$500-Business 90 Day CD
0.15%$500-Business 182 Day CD

American Bank IRA Rates

1.70%$250-60 Month IRA
0.85%$250-48 Month IRA
0.60%$250-36 Month IRA
0.50%$250-30 Month IRA
0.45%$250-24 Month IRA
0.35%$250-18 Month IRA
0.27%$250-12 Month IRA
0.15%$250-90 Day IRA
0.15%$250-182 Day IRA

American Bank Locations
American Bank4029 West Tilghman StreetAllentown, PA 18104