EXHIBIT 5

                   [Ober, Kaler, Grimes & Shriver letterhead]

                                January 13, 2004

Board of Directors
AmericasBank Corp.
500 York Road
Towson, Maryland 21204

     Re:  Registration Statement on Form SB-2

Ladies and Gentlemen:

     We have acted as special counsel to AmericasBank Corp. (the "Company"), in
connection with the preparation and filing with the Securities and Exchange
Commission of a Registration Statement on Form SB-2 (the "Registration
Statement") relating to the registration under the Securities Act of 1933, as
amended (the "Act"), of up to 400,000 shares of the Company's Common Stock,
$0.01 par value per share (the "Securities").

     In so acting, we have examined originals or copies, certified or otherwise
identified to our satisfaction, of the Registration Statement and such corporate
records, agreements, documents and other instruments, and such certificates or
comparable documents of public officials, of officers and representatives of the
Company as we have deemed relevant or necessary as a basis for the opinions
hereinafter set forth.

     In such examination, we have assumed without independent verification the
genuineness of all signatures, the authenticity of all documents submitted to us
as originals, the conformity to original documents of documents submitted to us
as certified or photostatic copies and the authenticity of the originals of such
latter documents. As to all questions of fact material to this opinion that have
not been independently established, we have relied upon certificates or
comparable documents of officers of the Company, and have relied upon the
accuracy and completeness of the relevant facts stated therein without
independent verification.



AmericasBank Corp.
December 1, 2003
Page 2

     Based on the foregoing, and subject to the qualifications stated herein, we
are of the opinion that, when:

     (i)  the Registration Statement has become effective under the Act, and

     (ii) the Securities have been sold in the manner and for the consideration
contemplated in the Registration Statement, the Securities will be legally
issued, fully paid and non-assessable.

     We hereby consent to the filing of this opinion as an exhibit to the
Registration Statement and to the references to us under the heading "Legal
Matters" in the Prospectus. In giving such consent, we do not thereby admit that
we are in the category of persons whose consent is required under Section 7 of
the Act.

                                     Very truly yours,

                                     /s/ Ober, Kaler, Grimes & Shriver

                                     OBER, KALER, GRIMES & SHRIVER
                                     A Professional Corporation