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                                                   AMERICASBANK CORP.
                                                   CONTACT:   MARK H. ANDERS
                                                   PHONE:      443-921-0804
                                                   WEBSITE: WWW.AMERICASBANK.COM

          AMERICASBANK CORP. REPORTS RESULTS FOR FIRST QUARTER OF 2006


TOWSON, Md. (May 11, 2006) --AmericasBank Corp. (NASDAQ:AMAB), the parent
company of AmericasBank, today reported a net loss of $213,675 or $(0.16) per
basic and diluted common share for the quarter ended March 31, 2006 compared to
a net loss of $152,507 or $(0.16) per basic and diluted common share for the
quarter ending March 31, 2005.

Loans and leases, net of allowance, at March 31, 2006 were $54.9 million, up
12.0% from $49.0 million reported at December 31, 2005, and 65.1% above $33.2
million a year ago at March 31, 2005. Total deposits were $62.5 million at March
31, 2006, up 49.6% from $41.8 million at March 31, 2005, primarily as a result
of offering premium rate certificates of deposit and money market accounts.
Total assets advanced to $78.9 million at March 31, 2006, up 67.4% from $47.1
million a year earlier. Stockholders equity increased $10.8 million to $16.1
million at March 31, 2006, as the Company completed a common stock offering for
approximately $11.0 million in March 2006.

"We had good loan growth on a linked-quarter basis as well as year-over-year,
with good growth in the major segments of the loan portfolio," said President
and CEO Mark Anders. "We did experience a decline in mortgage originations and
sales of loans in the first quarter of 2006 which we expected given the
seasonality of the mortgage business."

"We see healthy demand for our products and services. In response, we continue
to look for opportunities to hire additional experienced commercial bankers and
mortgage loan originators during 2006," said Anders. "The completion of our
successful stock offering and our new listing on the Nasdaq Capital Market
during the first quarter are significant milestones for the company, as well as
an encouraging showing of support from new investors."

ABOUT AMERICASBANK CORP.
AmericasBank Corp. is the parent company of AmericasBank, a Maryland-chartered
commercial bank headquartered in Towson, Maryland. AmericasBank is dedicated to
contributing to the growth and prosperity of the communities it serves, with a
special focus on serving the needs of the business community and promoting home
ownership.

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The statements in this press release that are not historical facts constitute
"forward-looking statements" as defined by Federal Securities laws. Such
statements, regarding AmericasBank Corp.'s anticipated future results of
operations, are subject to risks and uncertainties that could cause actual
results to differ materially from future results expressed or implied by such
forward-looking statements. Potential risks and uncertainties include, but are
not limited to: the risk that AmericasBank Corp. may continue to incur losses;
the possible loss of key personnel; the inability to successfully implement
strategic initiatives; risk of changes in interest rates, deposit flows and loan
demand; risks associated with AmericasBank's lending limit; risks associated
with the lack of a credit facility; risk associated with having a large
percentage of residential real estate loans secured by investment properties;
risk of an industry concentration with respect to deposits; risk of credit
losses; risks associated with residential mortgage lending, including acting as
a correspondent lender; risk associated with a slowdown in the housing market or
high interest rates; the allowance for loan and lease losses may not be
sufficient; operational risks of the leasing companies to which AmericasBank has
extended credit in connection with the lease portfolio; dependence on third
party vendors; risk of insufficient capital; risk of possible future regulatory
action as a result of past violations of the Real Estate Settlement Procedures
Act; as well as changes in economic, competitive, governmental, regulatory,
technological and other factors that may affect AmericasBank Corp. or
AmericasBank specifically or the banking industry generally. Forward-looking
statements speak only as of the date they are made. AmericasBank Corp. will not
update forward-looking statements to reflect factual assumptions, circumstances
or events that have changed after a forward-looking statement was made. For
further information, please refer to the AmericasBank Corp's filings with the
U.S. Securities and Exchange Commission and available at their web site
www.sec.gov.