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American Chartered Bank Opens Fifth Branch In Mount Prospect

   Ribbon Cutting Ceremony October 16th Kicks Off a Two Week Grand Opening

    MOUNT PROSPECT, Ill., Sept. 29 /PRNewswire/ -- American Chartered Bank
(ACB), an independently-owned, full-service commercial bank, announced today
the opening of their fifth branch at 111 E. Rand Road in Mount Prospect.  A
ribbon cutting ceremony including city Mayor Gerald Farley on October 16 at
8:15 a.m., officially kicks off two weeks of Grand Opening celebrations at the
bank.
    On Saturday, October 17 and Saturday, October 24 from 9:00 a.m. to
3:00 p.m., grand opening festivities will include free food and beverage, plus
games, rides and musical entertainment for children.  In addition, attendees
can register to win a complete Sony home entertainment center, or a Weekend
Shopping Spree with two nights at the Drake Hotel, dinner at the John Hancock
Signature Room Restaurant and a $500 gift certificate to Marshall Fields.
    American Chartered Bank is known throughout the Chicagoland area for its
personalized service, community orientation and focus on mid-market level
lending to small and growing businesses.  The bank offers a wide array of
products and services that match the big banks, but go one step further to
provide customer service that is personal, responsive, flexible and
consistent.
    "The founders of American Chartered Bank wanted to provide individuals and
businesses with an alternative to the machine-like quality of big banking."
said ACB Senior Vice President Mike Smith.  "The bank's philosophy is to
provide competitive products with superior customer service.  We intend to
provide customers the attention they deserve while crafting the bank's
services to meet their needs."

    About American Chartered Bank
    Founded in 1987, American Chartered Bank is an independently-owned, full-
service commercial bank servicing privately owned small and medium-sized
businesses and individual customers in the Greater Chicago area.  Focused on
providing outstanding service and the best value to the people and businesses
in the communities which it serves, American Chartered Bank has become one of
the most successful banks in the industry, posting asset growth of more than
30 percent in 1997.
    American Chartered Bank is headquartered in Schaumburg with branch
locations in Palatine, Lake Zurich, Bartlett and now Mt. Prospect.


SOURCE American Chartered Bank




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CONTACT:
Mike Smith, Senior Vice President,
847-400-2800, or Bob Riter, Chairman, 847-517-5400, both of
American Chartered Bank, or Media Info., Lisa Miller,
312-640-6765, or General Info., Dan Reid, 312-640-6686, both of
The Financial Relations Board