American Bancshares, Inc. - ABAN- Profile

American Bancshares, Inc. is a bank holding company registered under the bank holding company act. The bank provides general commercial and related banking services from its nine banking offices operating in Manatee, Charlotte, Sarasota, Hillsborough Counties, Florida. The bank provides a variety of corporate and personal banking services to individuals and businesses such as certificates of deposits, individual retirement accounts, time deposits checking, other demand deposit accounts, savings accounts and money market accounts. The bank also offers ATM cards with access to local state national and international networks, safe deposit boxes, wire transfers, direct deposit of payroll and society security checks, and automatic drafts for various accounts. During the year, the company acquired Murdock Florida Bank. The company has incurred $.07 million for the year 2000 expenses till date. Interest income accounted for 72% of 1998 revenues; other interest income, 14% and non-interest income, 14%.