Business: American Bank Inc., Series A Preferred Stock with no stated maturity. In the event of any voluntary or involuntary liquidation, dissolution, or winding up of the Company, before any distribution or payment is made to the holders of Common Shares, or any other junior security, the holders of Series A Preferred Stock will be entitled to be paid in full (on a per share basis) the greater of the net tangible book value of the shares of Common Stock; the amount paid per share to the holders of Common Stock; or the sum of $5.72 per share. The Series A Preferred Stock shall be callable in the aggregate at the exclusive option of the Company upon written notice to the holders thereof any time after the fifth (5th) anniversary following the date of issuance. If the shares of Series A Preferred are called by the Company, the holders thereof shall have their shares converted into shares of Common Stock, on the basis of one share of Common Stock for each share of Series A Preferred Stock. Non-cumulative preferred dividends shall be paid prior to the payment of any dividends to the holders of the Common Stock and in the same per share amount as paid to holders of Common Stock. Dividends paid by this preferred security are eligible for the preferential income tax rate of 15% to a maximum of 20% depending on the holder's tax bracket (and under IRS specified holding restrictions) and are also eligible for the dividends received deduction for corporate holders. In regard to the payment of dividends and upon liquidation, the preferred shares rank equally with other preferreds and senior to the common shares of the company. See the IPO prospectus for further information on the preferred stock by clicking on the ‘Link to IPO Prospectus’ provided below.