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                                                                    EXHIBIT 99.1



                                                   AMERICASBANK CORP.
                                                   CONTACT: MARK H. ANDERS
                                                   PHONE: 443-921-0804
                                                   WEBSITE: www.americasbank.com



               AMERICASBANK CORP. TO INCREASE LOAN LOSS PROVISION

TOWSON, MD. (January 28, 2008) -- AmericasBank Corp. (Nasdaq: AMAB), the parent
company of AmericasBank, today announced that it expects to record a provision
for loan and lease losses of approximately $2.9 million for the fourth quarter
2007. The provision includes approximately $1.4 million related to the partial
write-down of five loans, including $922,000 on three residential construction
loans to a related group of borrowers where the Company has uncovered evidence
of possible fraud by outside parties against the Bank. Mark Anders, President of
the Company, stated, "We are aggressively pursuing the investigation of this
matter, as well as the collection of all amounts due us. We also are pursuing
all available legal remedies. However, the recovery process is uncertain, and it
may take an extended period of time to resolve this matter."

The provision for loan and lease losses for the quarter ended December 31, 2007
also will include approximately $756,000 to increase the allowance percentage on
the Bank's loans for acquisition, development and construction of residential
real estate due to concerns about the general weakening of the residential
housing market. The loan loss provision for the quarter also will include a
provision of approximately $641,000 on specific loans where the borrower's
financial condition has weakened and an increase in reserves is appropriate.

"We are disappointed with the level of the provision at year-end. Our growth
strategy has been heavily dependent on mortgage lending and the housing sector,
two areas in the economy that have suffered tremendously from the meltdown in
the mortgage capital markets. Increasing our reserves at this time is
appropriate. Our Company remains well-capitalized after these charges,"
commented Anders.

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The Company is scheduled to release its earnings for the fourth quarter and the
year ended December 31, 2007, in mid February 2008, and will discuss the results
of operations at that time.

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. AmericasBank operates its banking center in the Towson, Maryland
market under the trade name of Towson Community Bank, and the banking center in
the Annapolis, Maryland market as Annapolis Community Bank.

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.