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AmericasBank Corp.
Contact: Mark H. Anders
Phone: 443-921-0804
Website:
www.americasbank.com
PRESIDENT NAMED AT TOWSON
COMMUNITY BANK AS EXPANSION GETS UNDERWAY AT AMERICASBANK
TOWSON, Md. (May 21, 2007) AmericasBank Corp. (Nasdaq: AMAB), parent
company of AmericasBank, announced today it has hired Ellen R. Fish as
President of Towson Community Bank, an operating division of the
Towson-based bank.
Earlier this month, AmericasBank announced its plan to open three to five
community banking centers in central Maryland. Each banking center will be
independently-operated and marketed under its own trade name as a division of
the bank. AmericasBank's community banking center in Towson will change its name
to Towson Community Bank, effective July 1, 2007.
"Ellen Fish epitomizes the kind of local banking leader we will seek for our
community bank centers as we move forward," commented AmericasBank President and
CEO Mark H. Anders. "She's well connected to Towson, respected as a banker, and
committed to the prosperity and development of her community. We're lucky to
have her."
Anders also said that Fish's hiring signals the Company's new direction.
"AmericasBank is becoming a family of community banking centers organized to
look, act, and feel like independent local banks," he said. "We believe that
small, independently-operated community banking centers can be highly profitable
by focusing sharply on providing the personal service and common sense solutions
not offered by big banks.
"A family of such banking centers offers the opportunity for steady, controlled
growth and above-market investment returns, and people like Ellen will help make
that possible."
Fish has worked in banking in Towson and Baltimore since moving to the area in
1984. Most recently, Fish served as Senior Vice-President, Commercial Banking,
at Provident Bank, a post she held from 1997 until joining Towson Community
Bank.
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As founder and Chairman of the Board for the Baltimore County Small Business
Resource Center, Fish has worked closely with the College of Business and
Economics at Towson University, where she also serves as a member of the
College's Advisory Board. She is a past Chairman of the Board and current Board
Member of the Baltimore County Chamber of Commerce.
Fish was named one of Maryland's Top 100 Women by The Daily Record in 2005. She
currently resides in Lutherville with her husband and their two children.
Fish indicated that the Towson banking center will focus on professional service
firms, small businesses, real estate developers and the personal banking needs
of executives and professionals. "It's exciting to be part of a bank that will
be completely attuned to the needs of these customers in our community and
completely dedicated to providing an unprecedented level of service to meet
those needs," she said.
Fish joins Patricia M. Long and Kathleen B. Fuchs as recent additions to the
management team at the Towson banking center. Long was hired as a Vice President
last month, after a 20 year banking career that included helping Fish start a
professional and executive banking group at Provident Bank in 1999.
Fuchs joins Towson Community Bank as a Vice President in its commercial real
estate lending group. Most recently, she was chief lending officer at Valley
Bank of Maryland. Fuchs brings over 25 years of lending experience to the Towson
banking center.
Anders said AmericasBank will soon announce an opening date for its second
community banking center in Annapolis, Maryland, to be named Annapolis Community
Bank, which is pending regulatory approval.
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.
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; 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 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.