Americasbank (MM) (NASDAQ:AMAB)
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From Jul 2019 to Jul 2024
AmericasBank Corp. (NASDAQ:AMAB), the parent company of
AmericasBank, today announced the expansion of its commercial and
residential mortgage loan production in central Maryland with the
addition of four loan origination officers and a loan production
office in Frederick, MD. AmericasBank has leased space at 100 North
Court Street in Frederick's historic district.
"We like the opportunities we see in central Maryland, nearby West
Virginia and south central Pennsylvania and this office will give us
an opportunity to assess these markets from a banking center
perspective," commented Mark H. Anders, President and CEO of
AmericasBank. AmericasBank raised an additional $11 million in capital
in a public offering in March 2006 and plans to expand by opening
three to five banking offices in selected business and government
centers in the greater Baltimore-Washington corridor and central
Maryland.
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; risks associated with
AmericasBank's lending limit; risks associated with the lack of a
credit facility; 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
insufficient capital; 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.