GOLD BANC CORP INC
S-4, 1999-12-15
NATIONAL COMMERCIAL BANKS
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<PAGE>

   As filed with the Securities and Exchange Commission on December 15, 1999
                                                    Registration No. 333-
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
                                 UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                ---------------
                                    FORM S-4
                             REGISTRATION STATEMENT
                                     Under
                           The Securities Act of 1933

                                ---------------
                          GOLD BANC CORPORATION, INC.
             (Exact name of registrant as specified in its charter)

                                ---------------
          KANSAS                     6712                    48-1008593
     (State or other          (Primary Standard           (I.R.S. Employer
     jurisdiction of      Industrial Classification     Identification No.)
     incorporation or            Code Number)
      organization)

                                ---------------
                               11301 Nall Avenue
                             Leawood, Kansas 66211
                                 (913) 451-8050
  (Address, including zip code, and telephone number, including area code, of
                   registrant's principal executive offices)

                                ---------------
                               MICHAEL W. GULLION
                               11301 Nall Avenue
                             Leawood, Kansas 66211
                                 (913) 451-8050
 (Name, address, including zip code, and telephone number, including area code,
                             of agent for service)
                                   Copies to:
     MICHAEL W. LOCHMANN, ESQ.                RICHARD A. DENMON, ESQ.
    Stinson, Mag & Fizzell, P.C.     Carlton, Fields, Ward, Emmanuel, Smith &
   1201 Walnut Street, Suite 2800                  Cutler, P.A.
    Kansas City, Missouri 64106        One Harbour Place, 777 South Harbour
           (816) 842-8600                        Island Boulevard
     Facsimile: (816) 691-3495                 Tampa, Florida 33602
                                                  (813) 223-7000

                                             Facsimile: (813) 229-4133
   Approximate date of commencement of proposed sale of the securities to the
public: As soon as practicable after this registration statement is declared
effective and all other conditions to the merger (as defined herein) have been
satisfied or waived.
   If the securities being registered on this Form are being offered in
connection with the formation of a holding company and there is compliance with
General Instruction G, check the following box. [_]
   If this Form is filed to register additional securities for an offering
pursuant to Rule 462(b) under the Securities Act, check the following box and
list the Securities Act registration statement number of the earlier effective
registration statement for the same offering. [_]
   If this Form is a post-effective amendment filed pursuant to Rule 462(d)
under the Securities Act, check the following box and list the Securities Act
registration statement number of the earlier effective registration statement
for the same offering. [_]
                        CALCULATION OF REGISTRATION FEE
<TABLE>
- ------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------
<CAPTION>
                                                              Proposed       Proposed
                                                Amount        Maximum        Maximum       Amount of
          Title of Each Class of                to be      Offering Price   Aggregate     Registration
        Securities to be Registered         Registered (1)    Per Unit    Offering Price      Fee
- ------------------------------------------------------------------------------------------------------
<S>                                         <C>            <C>            <C>            <C>
Common Stock, par value $1.00 per share
 (3)......................................    8,626,069        N/A(2)     $58,227,426(2) $15,372.04(2)
- ------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------
</TABLE>
(1) This Registration Statement relates to Common Stock, par value $1.00 per
    share ("Gold Banc Common Stock"), of Gold Banc Corporation, Inc. ("Gold
    Banc") issuable to holders of Common Stock, par value $1.175 per share
    ("American Bancshares Common Stock"), of American Bancshares, Inc.
    ("American Bancshares") in the proposed merger of American Bancshares into
    Gold Banc Acquisition Corporation XI, Inc., a wholly-owned subsidiary of
    Gold Banc. The amount of Gold Banc Common Stock to be registered has been
    determined by multiplying the maximum exchange ratio (1.6527 shares of Gold
    Banc Common Stock for each outstanding share, and each share issuable upon
    exercise of stock options, of American Bancshares Common Stock) by
    5,219,382, the maximum aggregate number of shares of American Bancshares
    Common Stock convertible in the merger (the "Maximum Number of American
    Bancshares Common Shares").
(2) The registration fee was calculated pursuant to Rule 457(f) as 0.000264
    multiplied by the product of $11.156 (the average of the high and low sale
    prices per share of American Bancshares Common Stock on the Nasdaq National
    Market System on December 14, 1999), and the Maximum Number of American
    Bancshares Common Shares.
(3) Includes associated Rights (the "Rights") to purchase one one-thousandth of
    a share of Gold Banc's Series A Preferred Stock. Until the occurrence of
    certain prescribed events, the Rights are not exercisable, are evidenced by
    the certificates representing Gold Banc Common Stock and will be
    transferred only with such shares of Gold Banc Common Stock.
   The Registrant hereby amends this registration statement on such date or
dates as may be necessary to delay its effective date until the registrant
shall file a further amendment which specifically states that this registration
statement shall thereafter become effective in accordance with Section 8(a) of
the Securities Act of 1933 or until the registration statement shall become
effective on such date as the Commission, acting pursuant to said Section 8(a),
may determine.
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
<PAGE>


[GOLD BANC LOGO]                                                [AMERICAN LOGO]
                MERGER PROPOSED -- YOUR VOTE IS VERY IMPORTANT

           To the Stockholders of Gold Banc and American Bancshares

   The boards of directors of Gold Banc Corporation, Inc. and American
Bancshares, Inc. have approved a merger agreement that would result in Gold
Banc acquiring American Bancshares. The merger offers American Bancshares
stockholders the opportunity to become stockholders of Gold Banc, a larger
organization. We believe the combination of these two companies will result in
an opportunity to create substantially more stockholder value than could be
achieved by the companies individually.

   If we complete the merger, American Bancshares stockholders will receive
for each share of American Bancshares common stock a number of shares of Gold
Banc common stock equal to $18.18 divided by the average of the closing sale
prices for Gold Banc common stock for the ten consecutive trading days
preceding the third trading day prior to the effective time of the merger. For
example, if such average of the closing sale prices is $12.50, an American
Bancshares stockholder would receive 1.4544 shares of Gold Banc common stock
for each share of American Bancshares common stock. However, there are two
exceptions:

  . If the average of the closing prices during such ten day period is more
    than $13.75, then each American Bancshares stockholder will receive
    1.3222 shares of Gold Banc common stock for each share of American
    Bancshares common stock, and

  . If the average of the closing prices during such ten day period is less
    than $11.00, then each American Bancshares stockholder will receive
    1.6527 shares of Gold Banc common stock for each share of American
    Bancshares common stock.

   Gold Banc stockholders will continue to own their existing shares after the
merger.
   We cannot complete the merger unless the stockholders of both of our
companies approve it. Each of us will hold a meeting of our stockholders to
vote on the merger. Your vote is very important. Whether or not you plan to
attend your stockholder meeting, please vote by completing and mailing the
enclosed proxy card to us. If you sign, date and mail your proxy card without
indicating how you want to vote, your proxy will be counted as a vote in favor
of the merger. For American Bancshares stockholders, not returning your proxy
card or not instructing your broker how to vote shares held for you in "street
name" will have the same effect as voting those shares against the merger. For
Gold Banc stockholders, not returning your proxy card or not instructing your
broker how to vote shares held for you in "street name" will affect Gold
Banc's ability to obtain a quorum to be present for purposes of transacting
business at the special meeting. However, once a quorum has been obtained an
abstension or broker non-vote will not have the same effect as voting those
Gold Banc shares against the merger.

The date, times and places of the meetings are:

For Gold Banc stockholders:

           , 2000, 10:00 a.m. local time at 11301 Nall Avenue, Leawood,
  Kansas.

For American Bancshares stockholders:

           , 2000, 11:00 a.m. local time

   This document provides you with detailed information about the proposed
merger. We encourage you to read this entire document carefully.
        /s/ Michael W. Gullion                    /s/ Jerry L. Neff
          Michael W. Gullion                        Jerry L. Neff
      Chairman of the Board and                  President and Chief
       Chief Executive Officer                    Executive Officer
     Gold Banc Corporation, Inc.              American Bancshares, Inc.

   For a discussion of certain risk factors which you should consider in
evaluating the merger, see "Risk Factors" beginning on page 1.

 Neither the Securities and Exchange Commission nor any state securities
 regulators has approved the Gold Banc common stock to be issued in the
 merger or determined whether this document is truthful or complete. Any
 representation to the contrary is a criminal offense. The securities we
 are offering through this document are not savings or deposit accounts
 or other obligations of any bank or non-bank subsidiary of either of
 our companies, and they are not insured by the Federal Deposit
 Insurance Corporation, the Bank Insurance Fund or any other
 governmental agency.


This Joint Proxy Statement/Prospectus is dated        , 2000, and is being
first mailed to stockholders on        , 2000.

                                      ii
<PAGE>



                               [GOLD BANC LOGO]



                               11301 Nall Avenue
                             Leawood, Kansas 66211
                               ----------------

               NOTICE OF SPECIAL MEETING OF THE STOCKHOLDERS OF
                          GOLD BANC CORPORATION, INC.
                      To be held on                , 2000
                               ----------------

To the stockholders of Gold Banc Corporation, Inc.:

   A special meeting of stockholders of Gold Banc Corporation, Inc., a Kansas
corporation, will be held at the offices of Gold Banc at 11301 Nall Avenue,
Leawood, Kansas, on                    , 2000, commencing at 10:00 a.m., local
time, to consider and act upon:

1. A proposal to adopt the Agreement and Plan of Reorganization, by and among
   Gold Banc, American Bancshares, Inc., and Gold Banc Acquisition Corporation
   XI, Inc., dated September 6, 1999, which is described in this joint proxy
   statement/prospectus, and the transactions contemplated thereby. Under the
   merger agreement:

  . American Bancshares will merge with and into Gold Banc Acquisition
    Corporation XI, Inc.

  . Each outstanding share of American Bancshares common stock will be
    converted into a number of shares determined by dividing $18.18 by the
    average price for Gold Banc common stock during the 10-day trading period
    ending three days prior to the effective time of the merger, unless such
    average price is less than $11.00 or greater than $13.75, in which case
    the exchange ratio shall be fixed at 1.6527 and 1.3222 shares of Gold
    Banc common stock, respectively.
2. Such other business as may properly come before the meeting.

   These proposals and other related matters are more fully described in the
accompanying joint proxy statement/prospectus. A copy of the merger agreement
is attached to the joint proxy statement/prospectus as Appendix A.

   Only holders of record of common stock of Gold Banc at the close of
business on               , 2000 are entitled to notice of and to vote at the
meeting.

   The board of directors of Gold Banc has approved the merger agreement,
declared its advisability and recommends that you vote FOR adoption of the
merger agreement.

   Your vote is important. Please date, sign and return the accompanying proxy
card promptly in the enclosed envelope, whether or not you intend to be
present at the meeting. Sending in your proxy now will not interfere with your
rights to attend the meeting or to vote your shares personally at the meeting
if you wish to do so. If your shares are held in "street name" by your broker
or other nominee, only that holder can vote your shares. You should follow the
directions provided by them regarding how to instruct them to vote your
shares.

   You may revoke your proxy with respect to any proposal at any time prior to
the completion of the voting on such proposal at the meeting, by following the
procedures set forth in the accompanying joint proxy statement/prospectus.

                                          By Order of the Board of Directors

                                          _____________________________________
                                          Keith E. Bouchey
                                          Corporate Secretary

Leawood, Kansas

     , 2000

                                      iii
<PAGE>


                                [AMERICAN LOGO]

                               ----------------

               NOTICE OF SPECIAL MEETING OF THE STOCKHOLDERS OF
                           AMERICAN BANCSHARES, INC.
                    To be held on                    , 2000
                               ----------------

To the stockholders of American Bancshares, Inc.:

   A special meeting of stockholders of American Bancshares, Inc., a Florida
corporation, will be held at the           , on                    , 2000,
commencing at 11:00 a.m., local time, to consider and act upon:

1. A proposal to adopt the Agreement and Plan of Reorganization, by and among
   Gold Banc Corporation, Inc., American Bancshares, Inc. and Gold Banc
   Acquisition Corporation XI, Inc., dated September 6, 1999, which is
   described in this joint proxy statement/prospectus, and the transactions
   contemplated thereby. Under the merger agreement:

  . American Bancshares, Inc. will merge with and into Gold Banc Acquisition
    Corporation XI, Inc.

  . Each outstanding share of American Bancshares, Inc. common stock will be
    converted into a number of shares determined by dividing $18.18 by the
    average price for Gold Banc common stock during the 10-day trading period
    ending three days prior to the effective time of the merger, unless such
    average price is less than $11.00 or greater than $13.75, in which case
    the exchange ratio shall be fixed at 1.6527 and 1.3222 shares of Gold
    Banc stock, respectively.

2. Such other business as may properly come before the meeting.
   These proposals and other related matters are more fully described in the
accompanying joint proxy statement/prospectus. A copy of the merger agreement
is attached to the joint proxy statement/prospectus as Appendix A.

   Only holders of record of common stock of American Bancshares, Inc. at the
close of business on               , 2000 are entitled to notice of and to
vote at the meeting.

   The board of directors of American Bancshares, Inc. has approved the merger
agreement, declared its advisability and recommends that you vote FOR adoption
of the merger agreement.

   Your vote is important. Please date, sign and return the accompanying proxy
card promptly in the enclosed envelope, whether or not you intend to be
present at the meeting. Sending in your proxy now will not interfere with your
rights to attend the meeting or to vote your shares personally at the meeting
if you wish to do so. If your shares are held in "street name" by your broker
or other nominee, only that holder can vote your shares. You should follow the
directions provided by them regarding how to instruct them to vote your
shares.

   You may revoke your proxy with respect to any proposal at any time prior to
the completion of the voting on such proposal at the meeting, by following the
procedures set forth in the accompanying joint proxy statement/prospectus.

                                          By Order of the Board of Directors

                                          _____________________________________
                                          Brian M. Watterson
                                          Corporate Secretary

Bradenton, Florida
    , 2000

                                      iv
<PAGE>

                               TABLE OF CONTENTS

<TABLE>
<CAPTION>
                                                                           Page
                                                                           ----
<S>                                                                        <C>
WHAT AMERICAN BANCSHARES STOCKHOLDERS WILL RECEIVE IN THE MERGER..........  I-6
QUESTIONS AND ANSWERS ABOUT THE MERGER....................................  I-7
WHO CAN HELP ANSWER QUESTIONS
SUMMARY...................................................................  I-9
  The Companies...........................................................  I-9
  The Merger..............................................................  I-9
SUMMARY FINANCIAL
 INFORMATION.............................................................. I-14
  Gold Banc Selected Historical Consolidated Financial Information........ I-14
  American Bancshares Selected Historical Consolidated Financial
   Information............................................................ I-15
  Recent Developments..................................................... I-16
  Selected Unaudited Pro Forma Financial Information...................... I-20
COMPARATIVE PER SHARE DATA................................................ I-23
COMPARATIVE MARKET PRICE AND DIVIDEND INFORMATION.........................
RISK FACTORS..............................................................    1
  It May be Difficult for Us to Maintain Our Rapid Growth.................    1
  We are Uncertain That the Integration of American Bancshares or Future
   Acquisitions Will Be Successful........................................    1
  The Loss of Certain Key Personnel Could Adversely Affect Our Operations.    2
  Changes in the Local Economic Conditions Could Adversely Affect Our Loan
   Portfolio..............................................................    2
  Our Allowance for Loan Losses May Not be Adequate to Cover Actual Loan
   Losses.................................................................    2
  We May be Unable to Manage Interest Rate Risk that Could Reduce Our Net
   Interest Income........................................................    3
  We Cannot Predict How Changes in Technology Will Impact Our Business....    3
  The Banking Business is Highly Competitive..............................    3
  Our Operations May be Adversely Affected if We, or Certain Persons With
   Whom We Do Business, Fail to Adequately Address the Year 2000 Issue....    3
  We Are Subject to Extensive Regulation..................................    4
  Our Subsidiary Banks May be Forced to Pay For Any Losses the FDIC Incurs
   If It Provides Assistance to Any of Our Other Subsidiary Banks.........    4
THE SPECIAL MEETINGS......................................................    4
  Date, Times and Places..................................................    4
  Matters to be Considered at the Special Meetings........................    4
  Record Date; Stock Entitled to Vote; Quorum.............................    5
  Votes Required..........................................................    5
</TABLE>

<TABLE>
<CAPTION>
                                                                           Page
                                                                           ----
<S>                                                                        <C>
  Security Ownership of Management........................................   5
  Voting of Proxies.......................................................   6
THE PROPOSED MERGER.......................................................   8
  General.................................................................   8
  Exchange of American Bancshares Shares..................................   8
  Stock Options...........................................................   8
  Background of the Merger................................................   8
  Our Reasons for the Merger..............................................  11
  Opinion of American Bancshares' Financial Advisor.......................  13
  Opinion of Gold Banc's Financial Advisor................................  19
  Operations and Management after the Merger..............................  24
  Federal Securities Laws
   Consequences...........................................................  24
  Resale of Gold Banc Common Stock........................................  25
  Fees and Expenses of the Merger.........................................  25
  Accounting Treatment; Restrictions on Sales by Affiliates...............  25
  Federal Income Tax Consequences.........................................  25
  Interests of American Bancshares' Management and Directors in the
   Merger.................................................................  26
  Dissenters' Rights......................................................  27
  Conditions to the Merger................................................  27
  Regulatory Approval.....................................................  28
  Conduct of Business Pending the Merger..................................  28
  No Solicitation.........................................................  29
  Waiver and Amendment....................................................  29
  Termination of the Merger Agreement.....................................  29
  Effective Time..........................................................  30
UNAUDITED PRO FORMA FINANCIAL STATEMENTS..................................  31
INFORMATION REGARDING AMERICAN BANCSHARES.................................
AMERICAN BANCSHARES' MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL
 CONDITION AND RESULTS OF OPERATIONS......................................  49
COMPARATIVE RIGHTS OF STOCKHOLDERS........................................  69
EXPERTS...................................................................  77
LEGAL MATTERS.............................................................  77
FUTURE STOCKHOLDER PROPOSALS..............................................  77
WHERE YOU CAN FIND MORE INFORMATION.......................................  78
INDEX TO FINANCIAL STATEMENTS OF AMERICAN BANCSHARES, INC. AND
 SUBSIDIARIES............................................................. F-1
APPENDIX A -- Agreement and Plan of Reorganization........................ A-1
APPENDIX B -- Opinion of American Bancshares' Financial Advisor........... B-1
APPENDIX C -- Opinion of Gold Banc's Financial Advisor.................... C-1
</TABLE>

                                       v
<PAGE>

        WHAT AMERICAN BANCSHARES STOCKHOLDERS WILL RECEIVE IN THE MERGER

   We refer to the amount of Gold Banc common stock into which one share of
American Bancshares common stock would be converted in the merger as the
"conversion number". The conversion number is determined by dividing the
"target" American Bancshares share price of $18.18 by the average of the
closing sales prices of Gold Banc common stock as reported on the Nasdaq
National Market over the 10 trading days immediately preceding the third
trading day prior to the effective time of the merger (referred to as the "Gold
Banc share price"), subject to certain adjustments based on the Gold Banc share
price as follows:

  . If the Gold Banc share price is greater than $13.75, the Gold Banc share
    price used to determine the conversion number is equal to $13.75.

  . If the Gold Banc share price is equal to or between $11.00 and $13.75,
    each American Bancshares share would be exchanged for that number of
    shares of Gold Banc common stock that have a value of $18.18 (based upon
    the Gold Banc share price).

  . If the Gold Banc share price is less than $11.00, the Gold Banc share
    price used to determine the conversion number is equal to $11.00.
    Therefore, if the Gold Banc share price is less than $11.00, American
    Bancshares stockholders could receive merger consideration valuing their
    shares of American Bancshares common stock at less than $18.18 per share.
    The American Bancshares board of directors has the right to terminate the
    merger agreement should the Gold Banc share price be below $10.00. The
    American Bancshares board is not required to exercise this right and does
    not currently intend to resolicit stockholder approval should it decide
    to exercise, or not to exercise, such right. The American Bancshares
    board has not undertaken any analysis, or made any decision, about its
    course of action should the Gold Banc share price calculated as discussed
    above be less than $10.00 during the period contemplated above.

Illustrations of calculation of the conversion number are provided below:

<TABLE>
<CAPTION>
                                (2)                                                          (4)
       (1)           The Gold Banc share price               (3)                   The value of the merger
 If the average    used in the calculation of the   The conversion number   consideration per American Bancshares
Gold Banc trading       conversion number is      [$18.18 + Gold Banc share       share [based on Gold Banc
 share price is:           deemed to be:          price in column (2)] is:     share price in column (1)] is:
- -----------------  ------------------------------ ------------------------- -------------------------------------
<S>                <C>                            <C>                       <C>
$10.00                         $11.00                      1.6527                          $16.53
$11.00                         $11.00                      1.6527                          $18.18
$12.00                         $12.00                      1.5150                          $18.18
$12.50                         $12.50                      1.4544                          $18.18
$13.00                         $13.00                      1.3985                          $18.18
$13.75                         $13.75                      1.3222                          $18.18
$14.00                         $13.75                      1.3222                          $18.51
</TABLE>

   American Bancshares expects to announce the average Gold Banc share price,
the conversion number and the per share merger consideration value on     ,
2000, assuming an American Bancshares special stockholders meeting date of
    , 2000. Such information will also be available by calling      on or after
    , 2000 and until the closing of the merger.

   Because the period for calculating the average trading price of Gold Banc
common stock will end before the subsequent effectiveness of the merger, the
actual market value of the Gold Banc common stock you receive as merger
consideration may differ from the calculated value of the merger consideration
shown above, which is provided here for illustrative purposes only.

                                       vi
<PAGE>

                             QUESTIONS AND ANSWERS
                               ABOUT THE MERGER

Q: Why are the two companies proposing to merge?

A: We believe the proposed merger is in the best interests of both of the
   companies and their respective stockholders. The board of directors of Gold
   Banc believes that the merger will result in the addition to Gold Banc's
   existing organization of a well-suited and positioned banking institution.
   The board of directors of American Bancshares believes the merger provides
   significant value opportunity to American Bancshares stockholders and
   enables them to participate in the opportunities for growth offered by Gold
   Banc.

   You should review the reasons for the merger described in greater detail at
   pages 11 through 13.

Q: When and where are the special meetings?

A: Both of the Gold Banc and American Bancshares special meetings are
   scheduled to take place on             , 2000. The Gold Banc special
   meeting will take place at 10:00 a.m., local time, at 11301 Nall Avenue,
   Leawood, Kansas. The American Bancshares special meeting will take place at
   11:00 a.m., local time, at                            .

Q: When do you expect the merger to be completed?

A: We expect to complete the merger promptly after receiving stockholder
   approvals at the special meetings.

Q: What do I need to do now?

A: You should carefully read and consider the information contained in this
   document. Then, please fill out, sign and mail your proxy card in the
   enclosed return envelope as soon as possible so that your shares may be
   represented at the special meeting. If the card does not specify a choice
   your shares will be voted "FOR" the merger and all other proposals.

Q: What if I don't vote or I abstain from voting?

A: If you are an American Bancshares stockholder and you do not vote or you
   abstain, the effect will be a vote against the merger.

   If you are a Gold Banc stockholder and you do not vote or you abstain, it
   will affect Gold Banc's ability to obtain a quorum to be present for
   purposes of voting, however, only votes "for" or "against" the merger will
   affect the result of the vote.

Q: If my shares are held by my broker in "street name," will my broker vote my
   shares for me?

A: Your broker will vote your shares only if you provide instructions on how
   to vote. You should follow the directions provided by your broker to vote
   your shares.

Q: May I change my vote after I have mailed my signed proxy card?

A: Yes. You may change your vote at any time before your proxy is voted at the
   special meeting. You can do this in one of three ways. First, you can send
   a written notice stating that you would like to revoke your proxy. Second,
   you can complete and submit a new proxy card. If you choose either of these
   two methods, you must submit your notice of revocation or your new proxy
   card to Gold Banc Corporation, Inc., at 11301 Nall Avenue, Leawood, Kansas
   66211, Attention: Keith E. Bouchey, Secretary, if you are a Gold Banc
   stockholder, or to American Bancshares, Inc., 4502 Cortez Road West,
   Bradenton, Florida 34210-2801, Attention: Brian M. Watterson, Secretary, if
   you are an American Bancshares stockholder. Third, you can attend the
   special meetings and vote in person. Simply attending the meetings,
   however, will not revoke your proxy; you must request a ballot and vote the
   ballot at the meeting. If you have instructed a broker to vote your shares,
   you must follow directions received from your broker to change your vote.

Q: Should I send in my stock certificate now?

A: No. After the merger is completed, American Bancshares stockholders will
   receive written instructions for exchanging their stock certificates for
   certificates of Gold banc common stock. Gold Bank stockholders will keep
   their existing certificates.

Q: What happens to my future dividends?

A: Gold Banc pays a quarterly dividend of $0.02 per share on its common stock.
   Gold Banc intends to continue paying a quarterly dividend after the merger,
   although all dividends are subject to approval and declaration by Gold
   Banc's board of directors. American Bancshares currently does not pay
   dividends on its common stock.

                                      vii
<PAGE>


                         WHO CAN HELP ANSWER QUESTIONS?

         If you have more questions about the merger, you should call:

      Gold Banc stockholders:

                                         American Bancshares stockholders:

      Keith E. Bouchey,                  Brian M. Watterson
      Corporate Secretary                Corporate Secretary
      Gold Banc Corporation, Inc.        American Bancshares, Inc.
      11301 Nall Avenue                  4502 Cortez Road West
      Leawood, Kansas 66211              Bradenton, Florida 34210-2801
      (913) 451-8050                     (941) 795-3050

                                      viii
<PAGE>

                                    SUMMARY

   This summary, together with the preceding Question and Answer section,
highlights selected information from this joint proxy statement/prospectus and
may not contain all the information that is important to you. To better
understand the merger and related transactions and for a more complete
description of the legal terms of the merger and related transactions, you
should carefully read this entire document and the documents we have referred
you to. See "Where You Can Find More Information" on page 79.


                                 The Companies

Gold Banc Corporation, Inc.
11301 Nall Avenue
Leawood, Kansas 66211
(913) 451-8050

   Gold Banc provides a full range of community banking and related financial
services in Kansas, Oklahoma and Missouri. As a multi-bank holding company,
Gold Banc owns nine commercial banks, one federal savings bank, an investment
advisory company, a trust company, a computer services business, a mortgage
banking operation and an insurance agency. Its growth has been based on a
community banking strategy, which it believes its customers value because it
combines a focus on local communities with the breadth in product and service
offerings of a larger bank. At September 30, 1999, Gold Banc had total assets
of $1.3 billion, total deposits of $967.3 million, and total stockholders'
equity of $90.3 million.

American Bancshares, Inc.
4502 Cortez Road West
Bradenton, Florida 34210-2801
(941) 795-3050

   American Bancshares is a bank holding company that is engaged in a general
commercial banking business. Its primary source of earnings is derived from
income generated by its wholly-owned subsidiary, American Bank, which is
American Bancshares' primary subsidiary and principal asset. American
Bancshares' primary market area consists of the counties on the west coast of
central Florida, including six banking branches located in Manatee County and
three other banking branches located in Charlotte County, Hillsborough County
and Sarasota County. These market areas have all experienced substantial
growth during recent decades. At September 30, 1999, American Bancshares had
total assets of $471.5 million, total deposits of $352.1 million and total
stockholders' equity of $27.0 million.

                                  The Merger

   We have entered into an Agreement and Plan of Reorganization with our
wholly-owned subsidiary, Gold Banc Acquisition Corporation XI, Inc. and
American Bancshares. Under the proposed merger, American Bancshares will be
merged with and into Gold Banc Acquisition Corporation XI, with Gold Banc
Acquisition Corporation XI as the surviving corporation. We expect to complete
the merger during the first quarter of 2000.

   We have attached the Agreement and Plan of Reorganization to this document
as Appendix A. We encourage you to read this merger agreement as it is the
legal document that governs the merger.

Our Reasons for the Merger (see pages 11 through 13)

   Our companies are proposing to merge because we believe that by combining
them we can create a stronger and more diversified company that will provide
significant benefits to our stockholders and customers alike.

   Gold Banc's board considered a number of factors, including:

  . the anticipated merger consideration in relation to the book value and
    earnings per share of the American Bancshares common stock,

  . the business, operations and financial condition of American Bancshares,
    its market presence and enhanced opportunities for growth made possible
    by the merger,

                                      ix
<PAGE>

  . the anticipated revenue enhancement and cost savings opportunities,

  . the complimentary nature of the products offered by the two companies and
    the expansion of market presence into Florida,

  . the impact of the merger on customers, depositors, employees, and
    communities served by the company, and

  . the merger's consistency with Gold Banc's ongoing growth strategy.

In addition to the foregoing and their effect on Gold Banc, American
Bancshares' board considered a number of additional factors, including:

  . alternatives to enhance stockholder value,

  . the opportunity for stockholders to realize a premium over historical
    market prices for their shares through a tax-free exchange, and

  . minimal disruption to customers, depositors, employees and communities
    serviced by American Bancshares.

Our Recommendations to Stockholders (see pages 12 and 13)

   To Gold Banc Stockholders: The Gold Banc board of directors believes that
the merger is fair to you and in your best interests and unanimously
recommends that you vote "FOR" the proposal to approve the merger.

   To American Bancshares Stockholders: The American Bancshares board of
directors believes that the merger is fair to you and in your best interests
and unanimously recommends that you vote "FOR" the proposal to approve the
merger.

What American Bancshares Stockholders will Receive (see page vi)

   If we complete the merger, you will receive for each share of American
Bancshares common stock a number of shares of Gold Banc common stock equal to
$18.18 divided by the average of the closing sale prices for Gold Banc common
stock for the ten consecutive trading days preceding the third trading day
prior to the effective time of the merger. For example, if such average of the
closing sale prices is $12.50, an American Bancshares stockholder would
receive 1.4544 shares of Gold Banc common stock for each share of American
Bancshares common stock. However, there are two exceptions:

  . If the average of the closing prices during such ten day period is more
    than $13.75, then each American Bancshares stockholder will receive
    1.3222 shares of Gold Banc common stock for each share of American
    Bancshares common stock, and

  . If the average of the closing prices during such ten day period is less
    than $11.00, then each American Bancshares stockholders will receive
    1.6527 shares of Gold Banc common stock for each share of American
    Bancshares common stock.

   Gold Banc will not issue any fractional shares in the merger. Instead, you
will receive cash for any fractional share of Gold Banc common stock owed to
you. The amount of cash you will receive will be calculated based on an
average of Gold Banc's stock closing sale prices ten trading days preceding
the third trading day before the effective time of the merger.
   Example:

  If you currently own 1,000 shares of American Bancshares common stock, and
  the average of the closing sale prices of Gold Banc common stock during
  such 10-day period is $12.50, then the conversion number is 1.454 (or
  $18.18 divided by $12.50). Therefore, after the merger you will receive
  1,454 shares of Gold Banc common stock and a $5.00 check for the sale
  proceeds for .40 of one share of Gold Banc common stock, rounded to the
  nearest one cent.

   Following the merger, you will be entitled to exchange your shares of
American Bancshares common stock for shares of Gold Banc common stock by
sending your American Bancshares common stock share certificates, and a form
that we will send to you, to the exchange agent, American Stock Transfer &
Trust Company, which will then exchange them for shares of Gold Banc common
stock. For more information on how this exchange procedure works, see
"Exchange of American Bancshares Shares" on page 8.

                                       x
<PAGE>


   The formula for determining the number of shares of Gold Banc stock that
will be exchanged for each share of American Bancshares stock is intended to
provide American Bancshares stockholders with $18.18 of value for each of their
shares unless Gold Banc stock exceeds $13.75 per share or is less than $11.00
per share. Of course, the market price of Gold Banc common stock will fluctuate
after the merger. Gold Banc common stock trades on the Nasdaq Stock Market
under the symbol "GLDB." You may obtain current stock price quotations for Gold
Banc common stock from your stockbroker, in major newspapers such as The Wall
Street Journal and on the Internet.

What Gold Banc Stockholders will Retain

   You will not receive any shares in the merger. If you currently own shares
of Gold Banc common stock, you will continue to hold those shares after the
merger, without any changes.

Federal Income Tax Consequences (see pages 25 through 26)

   American Bancshares Stockholders. If you are an American Bancshares
stockholder, you should not recognize gain or loss for federal income tax
purposes in the merger, although you may recognize gain or loss with respect to
cash you receive in payment of any fractional share that may result from the
exchange ratio of the merger.

   Gold Banc Stockholders. If you are a Gold Banc stockholder, you should not
recognize gain or loss for federal income tax purposes in connection with the
merger.

No Appraisal Rights (see page 27)

   Gold Banc is incorporated under Kansas law, and American Bancshares is
incorporated under Florida law. Under the applicable Kansas and Florida law,
neither Gold Banc stockholders nor American Bancshares stockholders have any
right to an appraisal of value of their shares in connection with the merger.

Directors and Management Following the Merger (see page 26)

   Upon completion of the merger, the board of directors of Gold Banc will
consist of the seven present Gold Banc directors and J. Gary Russ, the present
Chairman of the Board of American Bancshares. No changes will be made to the
Gold Banc management in connection with the merger.

Opinion of American Bancshares' Financial Advisor (see pages 13 through 19)

   In deciding to approve the merger, the American Bancshares board of
directors considered the opinion from its financial advisor, Advest, Inc. as to
the fairness from a financial point of view of the shares of Gold Banc common
stock to be exchanged for each one share of American Bancshares common stock.
This opinion is attached as Appendix B to this joint proxy
statement/prospectus.

Opinion of Gold Banc's Financial Advisor (see pages 19 through 24)

   In deciding to approve the merger, the Gold Banc board of directors
considered the opinion from its financial advisor, Keefe, Bruyette & Woods,
Inc. as to the fairness from a financial point of view of the merger. This
opinion is attached as Appendix C to this joint proxy statement/prospectus.

Conditions to the Merger (see pages 27 through 28)

   The completion of the merger depends upon the satisfaction of a number of
conditions, including the following:

  . approval by both the Gold Banc and the American Bancshares stockholders,

  . the continued accuracy of each company's representations and warranties
    and compliance by each company with its agreements contained in the
    merger agreement,

  . receipt of a legal opinion from Gold Banc's counsel as to the tax
    consequences of the merger,

  . receipt of required regulatory approvals,

                                       xi
<PAGE>


  . there being no legal action or court order that prohibits the merger,

  . the average of the closing sale prices of Gold Banc common stock for the
    ten trading days immediately preceding the third trading day before the
    effective time of the merger is not less than $10.00 per share,

  . there has not been a material adverse change in either Gold Banc, or its
    subsidiaries as a whole, or in American Bancshares, or its subsidiaries
    as a whole,

  . the pooling of interests method of accounting for the merger continues to
    be available, and

  . certain financial measures applicable to American Bancshares, American
    Bank and Freedom Finance Company are satisfied.

Regulatory Approvals Required for the Merger (see page 28)

   The Merger is subject to the approval of the Board of Governors of the
Federal Reserve System. In addition, the merger is subject to the approval of,
or notice to applicable state and other regulatory authorities, including the
Florida Department of Banking and Finance.

   Gold Banc filed on November 12, 1999, an application for approval with the
Federal Reserve Bank of Kansas City, which approval was obtained on December
15, 1999. The approval of the Florida Department of Banking and Finance was
obtained on      .

Termination of the Merger Agreement (see pages 29 through 30)

   Gold Banc and American Bancshares can agree to terminate the merger
agreement without completing the merger, and either company can terminate the
merger agreement on its own without completing the merger under various
circumstances, including if any of the following occurs:

  . by either company if the merger has not been consummated by March 31,
    2000,

  . by Gold Banc, if any regulatory approval of the merger is denied or
    requires a condition or restriction that would be materially adverse or
    unduly burdensome to Gold Banc,

  . by either company if the other has materially breached or defaulted in
    the due and timely performance of any material covenant or agreement
    contained in the merger agreement and which breach or default has not
    been cured within 30 days after the party for whose benefit this
    agreement or covenant was made, has given written notice to the other
    party of such breach or default, and shall not have been waived by such
    party,

  . by either company if there exists any material inaccuracy,
    misrepresentation or breach of a warranty made in the merger agreement by
    the other party which has not been waived in writing by the party for
    whose benefit such warranty or representation was made or given,

  . by either company if the conditions to the merger benefiting that party
    are not satisfied or waived before the closing date of the merger,

  . by American Bancshares if it receives an unsolicited acquisition proposal
    from another party that the American Bancshares board believes is
    superior to the merger,

  . by Gold Banc if American Bancshares has entered into an agreement to be
    acquired by another party or if the American Bancshares board or a
    committee of the board approves such a transaction to be acquired,

  . by either company if the stockholders of American Bancshares or the
    stockholders of Gold Banc fail to vote their approval of the merger and
    the merger agreement as required by Florida law, Kansas law and Rule 4460
    of the National Association of Securities Dealers' rules for issues under
    Nasdaq, or

  . by American Bancshares if the average closing sales price of Gold Banc
    common stock on the 10 consecutive trading days ending on the day
    immediately preceding the special meeting is less than $10.00 per share

                                      xii
<PAGE>

   and the board of directors of American Bancshares determines, by a vote of
   a majority of the entire board, at any time during the period commencing
   on the sixth day and ending on the tenth day following the later of the
   effective date of the last required regulatory approval or the date on
   which the stockholders of both American Bancshares and Gold Banc have both
   approved the merger; provided, however, before exercising this right,
   American Bancshares is required to attempt in good faith to negotiate a
   mutually acceptable revised merger consideration.

Termination Fees and Expenses (see page 30)

   American Bancshares is required to pay Gold Banc a termination fee of $3
million if:

  . American Bancshares terminates the merger agreement because it received
    an unsolicited acquisition proposal from another party that the American
    Bancshares board believes is superior to the merger, or

  . Gold Banc terminates the merger agreement because American Bancshares
    entered into an agreement to be acquired by another party or because the
    American Bancshares board or a committee of the board approved such a
    transaction to be acquired.

Stock Options (see page 8)

   American Bancshares Stock Options. Upon completion of the merger, each
option to acquire American Bancshares' common stock which is outstanding
immediately before completing the merger, whether or not vested or exercisable,
will be converted into and become rights with respect to Gold Banc common
stock. Gold Banc will assume each option to acquire American Bancshares common
stock in accordance with the terms of the stock option plan under which it was
granted, except that, following the merger: (1) Gold Banc and its compensation
committee will be substituted for American Bancshares and its board of
directors' committee administering such plan, (2) each American Bancshares
stock option assumed by Gold Banc may be exercised solely for Gold Banc common
stock, and (3) the number of shares of Gold Banc common stock subject to the
new stock options, as well as the exercise price of those stock options, will
be adjusted to account for the conversion ratio in the merger.

   Gold Banc Stock Options. Upon completion of the merger, each option to
acquire Gold Banc common stock granted under Gold Banc's stock option plans
that is outstanding and unexercised immediately before completing the merger
will remain unchanged. The options will continue to be governed by the terms of
Gold Banc's stock option plans.

                                      xiii
<PAGE>

                         SUMMARY FINANCIAL INFORMATION

   We are providing the following financial information to aid you in your
analysis of the financial aspects of the merger. This information is only a
summary and you should read it in conjunction with the historical financial
statements of Gold Banc and American Bancshares and the related notes and
Management's Discussion and Analysis of Financial Condition and Results of
Operations. These items for American Bancshares are contained in its
Management's Discussion and Analysis of Financial Condition and Results of
Operations beginning on page    and in the American Bancshares financial
statements beginning on page F-1. These items for Gold Banc are contained in
its annual, quarterly and other reports that Gold Banc has filed with the
Securities and Exchange Commission that are incorporated herein by reference.
See "Where You Can Find More Information" on page 78.

        Gold Banc Selected Historical Consolidated Financial Information

   The historical consolidated financial information for Gold Banc reflects the
following items which you should consider in making period-to-period
comparisons.

<TABLE>
<CAPTION>
                            Nine Months Ended
                              September 30,                Year Ended December 31,
                          --------------------- ----------------------------------------------
                             1999       1998       1998      1997     1996     1995     1994
                          ---------- ---------- ---------- -------- -------- -------- --------
                                       (in thousands, except for per share data)
<S>                       <C>        <C>        <C>        <C>      <C>      <C>      <C>
Selected Financial
 Data--Gold Banc:
Net interest income and
 other income...........  $   42,684 $   32,003 $   44,386 $ 32,309 $ 24,549 $ 20,555 $ 16,820
Net earnings............      10,192      9,906     11,919    9,874    4,906    3,105    3,132
 Pro Forma (1)..........      10,192      8,124      9,122    8,295    4,906    3,105    3,132
Basic and diluted net
 earnings per common
 share..................        0.59       0.60       0.71     0.64     0.45     0.30     0.29
 Pro Forma (1)..........        0.59       0.49       0.55     0.54     0.45     0.30     0.29
Cash dividends paid per
 common share (2).......        0.06       0.06       0.08     0.05      --       --       --
Total assets (end of
 period)................   1,278,662  1,039,874  1,111,356  824,464  632,561  532,044  453,065
Long-term borrowings
 (end of period)........     128,940     52,634     78,708   35,174    7,074   14,973   14,631
Total stockholders'
 equity (end of period).      90,290     80,347     83,811   66,566   53,120   28,875   24,479
Book value per common
 share (end of period)..  $     5.25 $     4.76 $     4.88 $   4.19 $   3.46 $   2.69 $   2.26
</TABLE>
- --------
(1) Citizens Bank of Tulsa (Citizens) was acquired by Gold Banc in a pooling of
    interests transaction in December 1998 and was taxed as a Subchapter S
    corporation for 1997 and 1998. As a Subchapter S corporation, Citizens was
    not subject to federal income taxes; rather such income was included in the
    taxable income of stockholders. The 1998 and 1997 data has been adjusted to
    include pro forma tax expense, net earnings, and net earnings per share as
    if Citizens had not been a Subchapter S corporation.
(2) Prior to the second quarter of 1997, Gold Banc had not paid cash dividends
    on its common stock. The dividends paid do not reflect a restatement of
    dividends paid out prior to 1998 by entities acquired in poolings of
    interests transactions.

                                      xiv
<PAGE>


   American Bancshares Selected Historical Consolidated Financial Information

   The historical consolidated financial information for American Bancshares
reflects the following items which you should consider in making period-to-
period comparisons:

<TABLE>
<CAPTION>
                          Nine Months Ended
                            September 30,             Year Ended December 31,
                          ----------------- --------------------------------------------
                            1999     1998     1998     1997     1996     1995     1994
                          -------- -------- -------- -------- -------- -------- --------
                                    (in thousands, except for per share data)
<S>                       <C>      <C>      <C>      <C>      <C>      <C>      <C>
Selected Financial
 Data--American
 Bancshares:
Net interest income and
 other income...........  $ 17,277 $ 14,792 $ 20,258 $ 15,870 $ 11,614 $  9,460 $  6,753
Net earnings............     1,670    1,233    1,627    1,920      782      850      712
Basic net earnings per
 common share...........      0.33     0.25     0.33     0.38     0.17     0.27     0.26
Diluted net earnings per
 common share...........      0.33     0.25     0.32     0.38     0.17     0.27     0.26
Total assets (end of
 period)................   471,459  436,732  455,164  353,901  273,630  218,993  183,901
Long-term borrowings
 (end of period)........    42,249   42,249   42,249      500    5,000      --       --
Total stockholders'
 equity (end of period).    26,993   27,651   27,427   26,079   23,504   14,632   11,484
Book value per common
 share (end of period)..  $   5.36 $   5.54 $   5.49 $   5.22 $   4.77 $   4.40 $   4.07
</TABLE>

                                       xv
<PAGE>

                              Recent Developments

              Proposed Acquisitions by Gold Banc Corporation, Inc.
                           of Union Bankshares, Ltd.
                          CountryBanc Holding Company,
                 First Business Bancshares of Kansas City, Inc.
                          and DSP Investments, Limited

Union Bankshares, Ltd.

   On August 9, 1999 Gold Banc entered into an Agreement and Plan of
Reorganization to acquire Union Bankshares, Ltd. of Denver, Colorado. As of
September 30, 1999, Union Bankshares had total assets of $351.9 million, total
deposits of $292.2 million and total stockholders' equity of $19.5 million.
Union Bankshares, founded in 1984, has based its recent growth on developing
startup branches that are strategically located around the Denver metropolitan
area to serve its focus market of small and medium-sized businesses and
individuals. The total purchase price of Union Bankshares is approximately $65
million in a stock-for-stock,tax-free exchange. The transaction is subject to
approval of regulatory authorities and the stockholders of both Gold Banc and
Union Bankshares. The transaction will be accounted for as a pooling of
interests and is expected to close in the first quarter of 2000.

   Should the merger of Gold Banc and Union Bankshares occur, Union Bankshares'
shares would be converted into Gold Banc shares using a "conversion number."
The conversion number is determined by dividing the "target" Union Bankshares'
share price of $23.05 by the average of the high and low sales prices of Gold
Banc common stock as reported on the Nasdaq National Market and calculated on a
daily basis for the 10 trading days ending the third trading day prior to the
date of merger, subject to certain adjustments based on the Gold Banc share
price as follows:

  . If the Gold Banc share price is greater than $16.00, the Gold Banc share
    price used to determine the conversion number is equal to $16.00.

  . If the Gold Banc share price is equal to or between $13.00 and $16.00,
    each Union Bankshares' share would be exchanged for Gold Banc common
    stock with a $23.05 value (based upon the Gold Banc share price).

  . If the Gold Banc share price is less than $13.00, the Gold Banc share
    price used to determine the conversion number is deemed to be $13.00. It
    is a condition precedent to the merger that the average Gold Banc share
    price is not less than $11.00.

   We are providing the following Union Bankshares Selected Historical
Consolidated Financial Information to aid you in your analysis of the financial
aspects of the recent development and its possible impact to Gold Banc's and
American Bancshares' stockholders. This information is only a summary and you
should read it in conjunction with the historical financial statements of Union
Bankshares and the related notes contained in its financial statements that
Gold Banc has filed with the Securities and Exchange Commission on its Form 8-K
dated November 19, 1999 that are incorporated herein by reference.

                                      xvi
<PAGE>

    Union Bankshares Selected Historical Consolidated Financial Information

<TABLE>
<CAPTION>
                              Nine Months
                          Ended September 30,           Year Ended December 31,
                          ------------------- --------------------------------------------
                            1999      1998      1998     1997     1996     1995     1994
                          --------- --------- -------- -------- -------- -------- --------
                                     (in thousands, except for per share data)
<S>                       <C>       <C>       <C>      <C>      <C>      <C>      <C>
Selected Financial
 Data--Union Bankshares:
Net interest income and
 other income...........  $  11,997 $   9,278 $ 12,559 $ 11,800 $ 10,351 $  8,856 $  7,303
Net earnings............      1,054     1,248    1,637    2,136    1,573    1,226    1,043
Basic net earnings per
 common share...........       0.45      0.53     0.70     0.92     0.68     0.53     0.44
Diluted net earnings per
 common share...........       0.40      0.47     0.62     0.84     0.65     0.53     0.44
Total assets (end of
 period)................    351,888   249,398  314,577  221,505  183,186  167,232  145,772
Long-term borrowings
 (end of period)........     10,304    11,000   15,304   12,000    3,500    6,512    6,700
Total stockholders'
 equity (end of period).     19,511    19,859   20,344   18,222   16,032   14,912   12,055
Book value per common
 share (end of period)..  $    8.30 $    8.48 $   8.69 $   7.81 $   6.97 $   6.51 $   5.19
</TABLE>

CountryBanc Holding Company

   On October 22, 1999, Gold Banc entered into an Agreement and Plan of
Reorganization to acquire CountryBanc Holding Company of Edmond, Oklahoma. On a
pro forma restated basis, as of September 30, 1999, CountryBanc had total
assets of $530.2 million, total deposits of $455.5 million and total
stockholders' equity of $49.7 million. CountryBanc's September 30, 1999
financial position on a pro forma restated basis includes its planned
acquisition of American Heritage Bancorp, Inc. ("American Heritage"). American
Heritage is expected to be acquired during December 1999. The acquisition will
be accounted for as a pooling of interests. As of September 30, 1999, American
Heritage had total assets of $81.2 million, total deposits of $67.0 million,
total stockholders' equity of $9.8 million and year to date net earnings of
$1.1 million. The companies are expected to incur transaction related costs of
$1.8 million associated with the acquisition.

   CountryBanc, founded in 1995, acquired three banks in Oklahoma in 1996 and
to date has completed three additional acquisitions plus American Heritage as
discussed above. CountryBanc operates in 17 central and western Oklahoma
communities including Oklahoma's fastest growing market of Oklahoma City. The
total purchase price of CountryBanc is approximately $83 million in a stock-
for-stock, tax free exchange. The transaction is subject to approval of
regulatory authorities and the stockholders of both Gold Banc and CountryBanc.
The transaction will be accounted for as a pooling of interests and is expected
to close in the first quarter of 2000.

   Should the merger of Gold Banc and CountryBanc occur, 1,794,955 shares of
CountryBanc would be exchanged for 7,971,589 shares of Gold Banc's common
stock. It is a condition precedent to the merger that the average of the
closing sales price of Gold Banc common stock as reported by Nasdaq on each of
the five consecutive trading days immediately preceding the closing date is not
less than $9.50.

   We are providing the following CountryBanc Selected Historical Consolidated
Financial Information to aid you in your analysis of the financial aspects of
the recent development and its possible impact to Gold Banc's and American
Bancshares' stockholders. This information does not include any adjustments or
restatements for CountryBanc's acquisition of American Heritage, which is
expected to take place in December 1999. This information is only a summary and
you should read it in conjunction with the historical financial statements of
CountryBanc and the related notes contained in its financial statements that
Gold Banc has filed with the Securities and Exchange Commission on its Form 8-K
dated November 19, 1999 that are incorporated herein by reference.


                                      xvii
<PAGE>

       CountryBanc Selected Historical Consolidated Financial Information

<TABLE>
<CAPTION>
                                  Nine Months Ended
                                    September 30,    Year Ended December 31,
                                  ----------------- --------------------------
                                                                      (90 Days)
                                                                      --------
                                    1999     1998     1998     1997     1996
                                  -------- -------- -------- -------- --------
                                   (in thousands, except for per share data)
<S>                               <C>      <C>      <C>      <C>      <C>
Selected Financial Data--
 CountryBanc (1):
Net interest income and other
 income.......................... $ 17,625 $ 15,875 $ 21,218 $ 19,196 $  4,765
Net earnings (loss)..............    3,830    3,560    4,741    3,789       (8)
Basic net earnings per common
 share...........................     3.17     3.04     4.02     3.38    (0.03)
Diluted net earnings per common
 share...........................     2.69     2.57     3.40     2.84    (0.02)
Total assets (end of period).....  449,065  430,483  444,090  387,325  381,520
Long-term borrowings (end of
 period).........................   15,090    9,700   18,900    7,225    7,100
Total stockholders' equity (end
 of period)......................   40,184   36,331   37,437   30,524   26,716
Book value per common share (end
 of period)...................... $  33.26 $  30.08 $  30.99 $  27.23 $  23.83
</TABLE>
- --------
(1) CountryBanc commenced operations in October 1996 with three acquisitions;
    previous operations of the company were insignificant.

First Business Bancshares of Kansas City, Inc.

   On October 19, 1999, Gold Banc entered into an Agreement and Plan of
Reorganization to acquire First Business Bancshares of Kansas City, Inc. First
Business Bancshares' principal asset is an 86% ownership in First Business Bank
of Kansas City, N.A. As of September 30, 1999, the bank had total assets of
$125.0 million, total deposits of $105.1 million and total stockholders equity
of $7.1 million. First Business Bancshares was founded in 1989. Most of the
bank's customers are small and medium-sized businesses and individuals located
in and around metropolitan Kansas City, Missouri. The total purchase price of
First Business Bancshares is approximately $29 million in a stock-for-stock,
tax-free exchange. The transaction is subject to approval of regulatory
authorities and the stockholders of both Gold Banc and First Business
Bancshares. The transaction will be accounted for as a pooling of interests and
is expected to close in the first quarter of 2000.

   In conjunction with the acquisition of First Business Bancshares and
included in the approximately $29 million purchase price is a stock-for-stock,
tax-free exchange of Gold Banc stock for the 14% minority interest held by
third parties in First Business Bank of Kansas City, N.A. The acquisition of
the minority interests will be accounted for as a purchase.

   Should the merger of Gold Banc and First Business Bancshares occur, First
Business Bancshares' shares would be converted into Gold Banc shares using a
"conversion number." The conversion number is determined by dividing the
"target" First Business Bancshares' share price of $109.79 by the average of
the high and low sales prices of Gold Banc common stock as reported on the
Nasdaq National Market and calculated on a daily basis for the 10 trading days
ending the third trading day prior to the date of merger, subject to certain
adjustments based on the Gold Banc share price as follows:

  . If the Gold Banc share price is greater than $13.50, the Gold Banc share
    price used to determine the conversion number is equal to $13.50.

  . If the Gold Banc share price is equal to or between $11.00 and $13.50,
    each First Business Bancshares' share would be exchanged for Gold Banc
    common stock with an $109.79 value (based upon the Gold Banc share
    price).

  . If the Gold Banc share price is less than $11.00, the Gold Banc share
    price used to determine the conversion number is deemed to be $11.00. It
    is a condition precedent to the merger that the average Gold Banc share
    price is not less than $10.50.

                                     xviii
<PAGE>


   Should the merger of Gold Banc and First Business Bancshares occur, the
minority interests in First Business Bank would be acquired using Gold Banc
shares using a "conversion number." The conversion number is determined by
dividing the "target" minority share price of $101.73 by the average of the
high and low sales prices of Gold Banc common stock as reported on the Nasdaq
National Market and calculated on a daily basis for the 10 trading days ending
the third trading day prior to the date of merger, subject to certain
adjustments based on the Gold Banc share price as follows:

  . If the Gold Banc share price is greater than $13.50, the Gold Banc share
    price used to determine the conversion number is equal to $13.50.

  . If the Gold Banc share price is equal to or between $11.00 and $13.50,
    each minority share would be exchanged for Gold Banc common stock with an
    $101.73 value (based upon the Gold Banc share price).

  . If the Gold Banc share price is less than $11.00, the Gold Banc share
    price used to determine the conversion number is deemed to be $11.00.

   We are providing the following First Business Bancshares' Selected
Historical Consolidated Financial Information to aid you in your analysis of
the financial aspects of the recent development and its possible impact to Gold
Banc's and American Bancshares' stockholders. This information is only a
summary and you should read it in conjunction with the historical financial
statements of First Business Bancshares and the related notes contained in its
financial statements that Gold Banc has filed with the Securities and Exchange
Commission on its Form 8-K dated November 19, 1999 that are incorporated herein
by reference.

      First Business Bancshares Selected Historical Consolidated Financial
                                  Information

<TABLE>
<CAPTION>
                          Nine Months Ended
                            September 30,           Year Ended December 31,
                          ----------------- ----------------------------------------
                            1999     1998     1998    1997    1996    1995    1994
                          -------- -------- -------- ------- ------- ------- -------
                                  (in thousands, except for per share data)
<S>                       <C>      <C>      <C>      <C>     <C>     <C>     <C>
Selected Financial
 Data--First Business
 Bancshares:
Net interest income and
 other income...........  $  4,684 $  4,210 $  5,734 $ 4,719 $ 4,557 $ 3,970 $ 3,584
Net earnings............       596      651      962     560   1,458     734     476
Basic net earnings per
 common share...........      3.65     4.02     5.94    3.48    9.11    4.59    2.98
Diluted net earnings per
 common share...........      2.86     2.99     4.41    2.70    6.77    3.52    2.41
Total assets (end of
 period)................   125,118  119,444  112,874  90,602  81,908  80,785  63,296
Long-term borrowings
 (end of period)........     4,008    1,868    2,425   1,567   1,567   1,367   1,318
Total stockholders'
 equity (end of period).     7,129    6,190    6,333   5,790   5,215   3,744   2,844
Book value per common
 share (end of period)..  $  42.43 $  40.72 $  42.23 $ 36.82 $ 33.17 $ 23.81 $ 18.09
</TABLE>

DSP Investments, Limited

   On October 21, 1999, Gold Banc entered into a definitive agreement to
acquire all the outstanding common stock of DSP Investments, Limited, whose
only asset is its 100% ownership of Linn County Bank. Linn County Bank is the
oldest established community bank in Kansas. As of September 30, 1999, DSP
Investments, Limited had total assets of $53.2 million, total deposits of $35.6
million, total equity of $4.2 million and consolidated year to date earnings of
$420,000.

   The total purchase price of DSP Investments, Limited is approximately $9
million. The purchase price will be paid in cash (48% of the price) and Gold
Banc stock (52% of the price). The number of shares of Gold Banc stock to be
exchanged will be determined at the closing based upon the average of the
closing sales price of Gold Banc common stock on each of the ten consecutive
trading days immediately preceding the third day prior to the closing divided
into $4.7 million (52% of the $9 million total purchase price). The transaction
will be accounted for as a purchase. DSP Investments, Limited's results of
operations and financial position are not material to Gold Banc operations or
its financial position or to the combined Gold Banc and American Bancshares pro
forma operations or their financial position. The transaction is expected to
close by December 31, 1999.

                                      xix
<PAGE>


               Selected Unaudited Pro Forma Financial Information

   Selected Unaudited Pro Forma Financial Information.  Gold Banc and American
Bancshares are providing the following unaudited pro forma financial
information to illustrate what the results of operations and financial position
of the combined company would have looked like, absent any operational or other
changes, had Gold Banc's and American Bancshares' businesses been combined for
the periods and at the dates indicated. Gold Banc and American Bancshares also
are providing unaudited pro forma financial information to illustrate the
results of operations and financial position of the combined Gold Banc, Union
Bankshares, American Bancshares, CountryBanc and First Business Bancshares
merged entity absent any operational or other changes had Gold Banc's, Union
Bankshares', American Bancshares', CountryBanc's and First Business Bancshares'
businesses been combined for the periods and at the dates indicated. DSP
Investments, Limited's results of operations and financial position are not
included in the pro forma data because it is immaterial to the combined group
and will be accounted for as a purchase. This information is provided for
illustrative purposes only and does not show what their results of operations
or financial position would have been if the mergers had actually occurred on
the dates assumed. This information also does not indicate what their future
operating results or consolidated financial position will be. Only normal
recurring adjustments necessary for a fair statement of results of unaudited
historical interim periods have been included. Please see "Unaudited Pro Forma
Financial Statements" on page 31 for a more detailed explanation of this
analysis.

   Pooling Accounting Treatment.  Each of the mergers will be accounted for as
a pooling of interests, which means that we will treat our companies as if they
had always been combined for accounting and financial reporting purposes. For a
more detailed description of pooling of interests accounting, see "The Proposed
Merger--Accounting Treatment; Restrictions on Sales by Affiliates" on page 25.

   Periods Covered.  The unaudited pro forma income statement data combines
Gold Banc's results for its years 1996, 1997 and 1998 and for the nine months
ended September 30, 1999 and 1998, with American Bancshares' results for its
years 1996, 1997 and 1998 and the nine months ended September 30, 1999 and
1998, and with Union Bankshares, American Bancshares, CountryBanc and First
Business Bancshares results for their years 1996, 1997 and 1998 and the nine
months ended September 30, 1999 and 1998, giving effect to the mergers as if
they had occurred as of January 1, 1996.

   The unaudited pro forma balance sheet data combines Gold Banc's and American
Bancshares' balance sheets at September 30, 1999 and December 31, 1998, giving
effect to the merger as if it had occurred as of September 30, 1999 and
December 31, 1998. The unaudited pro forma balance sheet data also combines
Gold Banc's, Union Bankshares', American Bancshares', CountryBanc's and First
Business Bancshares' balance sheets at September 30, 1999 and December 31,
1998, giving effect to the mergers as if they had occurred as of September 30,
1999 and December 31, 1998. Pro forma cash dividends paid per share reflect
Gold Banc's cash dividends paid in the periods indicated.

                                       xx
<PAGE>

                    Combined Pro Forma Financial Information
                       Gold Banc and American Bancshares

<TABLE>
<CAPTION>
                             Nine Months Ended
                               September 30,        Year Ended December 31,
                           --------------------- ------------------------------
                              1999       1998       1998       1997      1996
                           ---------- ---------- ---------- ---------- --------
                                (in thousands, except for per share data)
<S>                        <C>        <C>        <C>        <C>        <C>
Selected Pro Forma
 Financial Data--
Gold Banc and American
 Bancshares combined:
Net interest income and
 other income............  $   59,961 $   46,795 $   64,644 $   48,179 $ 36,163
Net earnings.............      11,862     11,139     13,546     11,794    5,688
 Pro Forma (1)...........      11,862      9,357     10,749     10,215    5,688
Basic net earnings per
 common share (2)........        0.48       0.47       0.57       0.52     0.32
 Pro Forma (1)...........        0.48       0.39       0.45       0.45     0.32
Diluted net earnings per
 common share (2)........        0.48       0.47       0.56       0.52     0.32
 Pro Forma (1)...........        0.48       0.39       0.45       0.45     0.32
Cash dividends paid per
 common share............        0.06       0.06       0.08       0.05      --
Total assets (end of
 period).................   1,745,321  1,476,606  1,566,520  1,178,365  906,191
Long-term borrowings (end
 of period)..............     171,189     94,883    120,957     35,674   12,074
Total stockholders'
 equity (end of period)..     113,683    107,998    111,238     92,645   76,624
Book value per common
 share (end of period)...  $     4.64 $     4.47 $     4.55 $     4.00 $   3.40
</TABLE>
- --------
(1) Citizens Bank of Tulsa (Citizens) was acquired by Gold Banc in a pooling of
    interests transaction in December 1998 and was taxed as a Subchapter S
    corporation for 1997 and 1998. As a Subchapter S corporation, Citizens was
    not subject to federal income taxes; rather such income was included in the
    taxable income of stockholders. The 1998 and 1997 data has been adjusted to
    include pro forma tax expense, net earnings, and net earnings per share as
    if Citizens had not been a Subchapter S corporation.
(2) Pro forma data of the combined Gold Banc and American Bancshares is
    computed using a $12.50 share price for Gold Banc stock in the exchange.

                                      xxi
<PAGE>

                    Combined Pro Forma Financial Information
               Gold Banc, Union Bankshares, American Bancshares,
                   CountryBanc and First Business Bancshares

<TABLE>
<CAPTION>
                            Nine Months Ended
                              September 30,         Year Ended December 31,
                          --------------------- --------------------------------
                             1999       1998       1998       1997       1996
                          ---------- ---------- ---------- ---------- ----------
                                (in thousands, except for per share data)
<S>                       <C>        <C>        <C>        <C>        <C>
Selected Pro Forma
 Financial Data--Gold
 Banc,
Union Bankshares,
 American Bancshares,
CountryBanc and First
 Business Bancshares
 combined:
Net interest income and
 other income...........  $   98,125 $   79,824 $  109,090 $   88,550 $   56,931
Net earnings............      18,400     17,663     22,303     19,655      9,032
 Pro Forma (1)..........      18,400     15,881     19,506     18,076      9,032
Basic net earnings per
 common share (2).......        0.50       0.49       0.61       0.56       0.36
 Pro Forma (1)..........        0.50       0.44       0.54       0.52       0.36
Diluted net earnings per
 common share (2).......        0.47       0.46       0.58       0.53       0.34
 Pro Forma (1)..........        0.47       0.41       0.51       0.49       0.34
Cash dividends paid per
 common share...........        0.06       0.06       0.08       0.05        --
Total assets (end of
 period)................   2,741,250  2,362,866  2,531,673  1,970,784  1,632,321
Long-term borrowings
 (end of period)........     199,821    117,011    156,816     55,896     24,571
Total stockholders'
 equity (end of period).     184,211    184,730    189,887    160,591    136,664
Book value per common
 share (end of period)..  $     4.80 $     4.88 $     4.98 $     4.40 $     3.82
</TABLE>
- --------
(1) Citizens Bank of Tulsa (Citizens) was acquired by Gold Banc in a pooling of
    interests transaction in December 1998 and was taxed as a Subchapter S
    corporation for 1997 and 1998. As a Subchapter S corporation, Citizens was
    not subject to federal income taxes; rather such income was included in the
    taxable income of stockholders. The 1998 and 1997 data has been adjusted to
    include pro forma tax expense, net earnings, and net earnings per share as
    if Citizens had not been a Subchapter S corporation.
(2) Pro forma data of the combined Gold Banc, Union Bankshares, American
    Bancshares, CountryBanc and First Business Bancshares is computed using a
    $14.00 share price for Gold Banc stock in the Union Bankshares exchange,
    using a $12.50 share price for Gold Banc stock in the American Bancshares
    exchange, using 4.441 shares of Gold Banc stock for each share of
    CountryBanc in the exchange and using a $12.25 share price for Gold Banc
    stock in the First Business Bancshares exchange. The midpoint price of the
    floating exchange conversion price was used for transactions contemplating
    a fluctuating exchange ratio based upon Gold Banc's share price at closing.

                                      xxii
<PAGE>

                           COMPARATIVE PER SHARE DATA

   The following table sets forth per share data of:

  . Gold Banc on a historical basis adjusted to include the tax effect of
    Citizens Bank of Tulsa, the Subchapter S corporation acquired in a
    poolings of interests transaction, as if it was subject to Federal income
    tax.

  . American Bancshares on a historical basis.

  . Gold Banc and American Bancshares combined on a pro forma basis.

  . Gold Banc and American Bancshares combined on a pro forma basis stated on
    an equivalent American Bancshares basis.

  . Gold Banc, Union Bankshares, American Bancshares, CountryBanc and First
    Business Bancshares combined on a pro forma basis.

  . Gold Banc, Union Bankshares, American Bancshares, CountryBanc and First
    Business Bancshares combined on a pro forma basis stated on an equivalent
    American Bancshares basis.

   This table should be read in conjunction with the historical supplemental
financial statements and notes thereto for Gold Banc and the historical
financial statements for American Bancshares contained herein. Pro forma
combined and equivalent pro forma per share data reflect the combined results
of Gold Banc and American Bancshares presented as though they were one company
for all periods shown. Pro forma combined and equivalent pro forma per share
data reflect the combined results of Gold Banc, Union Bankshares, American
Bancshares, CountryBanc and First Business Bancshares as though they were one
company for all periods shown. Pro forma and equivalent pro forma cash
dividends paid per share reflect Gold Banc's cash dividends paid in the periods
indicated.

   The relative exchange ratios for the business combination are as follows:

  . 1.6527 Gold Banc shares for one American Bancshares share -- assumes the
    average Gold Banc price is $11.00 or less.

  . 1.5150 Gold Banc shares for one American Bancshares share -- assumes the
    average Gold Banc price is $12.00.

  . 1.3985 Gold Banc shares for one American Bancshares share -- assumes the
    average Gold Banc price is $13.00.

  . 1.3222 Gold Banc shares for one American Bancshares share -- assumes the
    average Gold Banc price is $13.75 or more.

   The American Bancshares equivalent per share pro forma information shows the
effect of the merger from the perspective of an owner of American Bancshares
common stock.

   The pro forma data of the combined Gold Banc, Union Bankshares, American
Bancshares, CountryBanc and First Business Bancshares merger is computed using
a $14.00 share price for Gold Banc stock in the Union Bankshares exchange,
using 4.441 shares of Gold Banc stock for each share of CountryBanc in the
exchange and using a $12.25 share price for Gold Banc stock in the First
Business Bancshares exchange. The midpoint price of the floating exchange
conversion price was used for transactions contemplating a fluctuating exchange
ratio based upon Gold Banc's share price at closing.

                                     xxiii
<PAGE>

<TABLE>
<CAPTION>
                                        Nine Months
                                           Ended
                                       September 30,  Years Ended December 31,
                                       ------------- --------------------------
                                        1999   1998    1998     1997     1996
                                       ------ ------ -------- -------- --------
<S>                                    <C>    <C>    <C>      <C>      <C>
Basic Earnings Per Share:

Gold Banc historical basis...........  $ 0.59 $ 0.49 $   0.55 $   0.54 $   0.45

Gold Banc and American Bancshares
combined on a
pro forma basis assuming a Gold Banc
price of:
 $11.00 or less......................  $ 0.47 $ 0.38 $   0.43 $   0.43 $   0.30
 $12.00..............................  $ 0.48 $ 0.39 $   0.45 $   0.44 $   0.31
 $13.00..............................  $ 0.49 $ 0.40 $   0.46 $   0.45 $   0.32
 $13.75 or more......................  $ 0.50 $ 0.41 $   0.46 $   0.46 $   0.33

Gold Banc, Union Bankshares, American
Bancshares,
CountryBanc and First Business
Bancshares
combined on a pro forma basis
assuming
a Gold Banc price of:
 $11.00 or less......................  $ 0.48 $ 0.43 $   0.52 $   0.50 $   0.35
 $12.00..............................  $ 0.49 $ 0.44 $   0.53 $   0.51 $   0.35
 $13.00..............................  $ 0.50 $ 0.44 $   0.54 $   0.52 $   0.36
 $13.75 or more......................  $ 0.51 $ 0.45 $   0.55 $   0.53 $   0.37

American Bancshares historical basis.  $ 0.33 $ 0.25 $   0.33 $   0.38 $   0.17

Gold Banc and American Bancshares
combined on
a pro forma basis per American
Bancshares
equivalent common share assuming a
Gold Banc price of:
 $11.00 or less......................  $ 0.77 $ 0.63 $   0.72 $   0.71 $   0.50
 $12.00..............................  $ 0.72 $ 0.59 $   0.67 $   0.67 $   0.47
 $13.00..............................  $ 0.69 $ 0.56 $   0.64 $   0.64 $   0.45
 $13.75 or more......................  $ 0.66 $ 0.54 $   0.61 $   0.61 $   0.43

Gold Banc, Union Bankshares, American
Bancshares,
CountryBanc and First Business
Bancshares
combined on a pro forma basis per
American Bancshares
equivalent common share assuming Gold
Banc price of:
 $11.00 or less......................  $ 0.80 $ 0.71 $   0.86 $   0.83 $   0.57
 $12.00..............................  $ 0.75 $ 0.66 $   0.81 $   0.78 $   0.54
 $13.00..............................  $ 0.70 $ 0.62 $   0.76 $   0.73 $   0.51
 $13.75 or more .....................  $ 0.67 $ 0.59 $   0.72 $   0.70 $   0.49
</TABLE>

                                      xxiv
<PAGE>

<TABLE>
<CAPTION>
                                        Nine Months
                                           Ended
                                       September 30,  Years Ended December 31,
                                       ------------- --------------------------
                                        1999   1998    1998     1997     1996
                                       ------ ------ -------- -------- --------
<S>                                    <C>    <C>    <C>      <C>      <C>
Diluted Earnings Per Share:

Gold Banc historical basis...........  $ 0.59 $ 0.49 $   0.55 $   0.54 $   0.45

Gold Banc and American Bancshares
combined on a
pro forma basis assuming a Gold Banc
price of:
 $11.00 or less......................  $ 0.46 $ 0.38 $   0.43 $   0.43 $   0.30
 $12.00..............................  $ 0.48 $ 0.39 $   0.44 $   0.44 $   0.31
 $13.00..............................  $ 0.49 $ 0.40 $   0.45 $   0.45 $   0.32
 $13.75 or more......................  $ 0.50 $ 0.40 $   0.46 $   0.46 $   0.33

Gold Banc, Union Bankshares, American
Bancshares,
CountryBanc and First Business
Bancshares
combined on a pro forma basis
assuming
a Gold Banc price of:
 $11.00 or less......................  $ 0.46 $ 0.40 $   0.49 $   0.48 $   0.33
 $12.00..............................  $ 0.46 $ 0.41 $   0.50 $   0.48 $   0.34
 $13.00..............................  $ 0.47 $ 0.42 $   0.51 $   0.49 $   0.35
 $13.75 or more......................  $ 0.48 $ 0.42 $   0.51 $   0.50 $   0.35

American Bancshares historical basis.  $ 0.33 $ 0.25 $   0.32 $   0.38 $   0.17

Gold Banc and American Bancshares
combined on
a pro forma basis per American
Bancshares
equivalent common share assuming a
Gold Banc price of:
 $11.00 or less......................  $ 0.77 $ 0.62 $   0.71 $   0.71 $   0.50
 $12.00..............................  $ 0.72 $ 0.59 $   0.67 $   0.67 $   0.47
 $13.00..............................  $ 0.68 $ 0.55 $   0.63 $   0.63 $   0.45
 $13.75 or more......................  $ 0.66 $ 0.53 $   0.61 $   0.61 $   0.43

Gold Banc, Union Bankshares, American
Bancshares,
CountryBanc and First Business
Bancshares
combined on a pro forma basis per
American Bancshares
equivalent common share assuming Gold
Banc price of:
 $11.00 or less......................  $ 0.75 $ 0.67 $   0.81 $   0.79 $   0.55
 $12.00..............................  $ 0.70 $ 0.62 $   0.76 $   0.73 $   0.51
 $13.00..............................  $ 0.66 $ 0.58 $   0.71 $   0.69 $   0.48
 $13.75 or more .....................  $ 0.63 $ 0.56 $   0.68 $   0.66 $   0.46
</TABLE>

                                      xxv
<PAGE>

<TABLE>
<CAPTION>
                                        Nine Months
                                           Ended
                                       September 30,  Years Ended December 31,
                                       ------------- --------------------------
                                        1999   1998    1998     1997     1996
                                       ------ ------ -------- -------- --------
<S>                                    <C>    <C>    <C>      <C>      <C>
Dividends Per Common Share:

Gold Banc historical basis...........  $ 0.06 $ 0.06 $   0.08 $   0.05 $    --

Gold Banc and American Bancshares
combined on a
pro forma basis assuming a Gold Banc
price of:
 $11.00 or less......................  $ 0.06 $ 0.06 $   0.08 $   0.05 $    --
 $12.00..............................  $ 0.06 $ 0.06 $   0.08 $   0.05 $    --
 $13.00..............................  $ 0.06 $ 0.06 $   0.08 $   0.05 $    --
 $13.75 or more......................  $ 0.06 $ 0.06 $   0.08 $   0.05 $    --

Gold Banc, Union Bankshares, American
Bancshares,
CountryBanc and First Business
Bancshares
combined on a pro forma basis
assuming
a Gold Banc price of:
 $11.00 or less......................  $ 0.06 $ 0.06 $   0.08 $   0.05 $    --
 $12.00..............................  $ 0.06 $ 0.06 $   0.08 $   0.05 $    --
 $13.00..............................  $ 0.06 $ 0.06 $   0.08 $   0.05 $    --
 $13.75 or more......................  $ 0.06 $ 0.06 $   0.08 $   0.05 $    --

American Bancshares historical basis.  $  --  $  --  $    --  $    --  $    --

Gold Banc and American Bancshares
combined on
a pro forma basis per American
Bancshares
equivalent common share assuming a
Gold Banc price of:
 $11.00 or less......................  $ 0.10 $ 0.09 $   0.12 $   0.07 $    --
 $12.00..............................  $ 0.09 $ 0.08 $   0.11 $   0.07 $    --
 $13.00..............................  $ 0.08 $ 0.08 $   0.11 $   0.06 $    --
 $13.75 or more......................  $ 0.08 $ 0.07 $   0.10 $   0.06 $    --

Gold Banc, Union Bankshares, American
Bancshares,
CountryBanc and First Business
Bancshares
combined on a pro forma basis per
American Bancshares
equivalent common share assuming Gold
Banc price of:
 $11.00 or less......................  $ 0.10 $ 0.09 $   0.12 $   0.07 $    --
 $12.00..............................  $ 0.09 $ 0.08 $   0.11 $   0.07 $    --
 $13.00..............................  $ 0.08 $ 0.08 $   0.11 $   0.06 $    --
 $13.75 or more .....................  $ 0.08 $ 0.07 $   0.10 $   0.06 $    --
</TABLE>

                                      xxvi
<PAGE>


<TABLE>
<CAPTION>
                                                 Nine Months Ended  Year Ended
                                                   September 30,   December 31,
                                                 ----------------- ------------
                                                       1999            1998
                                                 ----------------- ------------
<S>                                              <C>               <C>
Book Value Per Share:

Gold Banc historical basis.....................       $ 5.25          $ 4.88

Gold Banc and American Bancshares combined on a
 pro forma basis assuming a Gold Banc price of:
  $11.00 or less...............................       $ 4.46          $ 4.37
  $12.00.......................................       $ 4.58          $ 4.49
  $13.00.......................................       $ 4.69          $ 4.60
  $13.75 or more...............................       $ 4.77          $ 4.68

Gold Banc, Union Bankshares, American
 Bancshares, CountryBanc and First Business
 Bancshares on a pro forma basis assuming a
 Gold Banc price of:
  $11.00 or less...............................       $ 4.68          $ 4.86
  $12.00.......................................       $ 4.77          $ 4.94
  $13.00.......................................       $ 4.84          $ 5.02
  $13.75 or more...............................       $ 4.89          $ 5.07

American Bancshares historical basis...........       $ 5.36          $ 5.49

Gold Banc and American Bancshares combined on a
 pro forma basis per American Bancshares
 equivalent common share assuming a Gold Banc
 price of:
  $11.00 or less...............................       $ 7.37          $ 7.23
  $12.00.......................................       $ 6.94          $ 6.81
  $13.00.......................................       $ 6.56          $ 6.44
  $13.75 or more...............................       $ 6.31          $ 6.18

Gold Banc, Union Bankshares, American
 Bancshares, CountryBanc and First Business
 Bancshares combined on a pro forma basis per
 American Bancshares equivalent common share
 assuming Gold Banc price of:
  $11.00 or less...............................       $ 7.74          $ 8.03
  $12.00.......................................       $ 7.22          $ 7.49
  $13.00.......................................       $ 6.77          $ 7.02
  $13.75 or more...............................       $ 6.46          $ 6.70
</TABLE>

                                     xxvii
<PAGE>

               COMPARATIVE MARKET PRICE AND DIVIDEND INFORMATION

   Gold Banc. The shares of Gold Banc common stock are listed for trading under
the symbol "GLDB" as a Nasdaq National Market issue on The Nasdaq Stock Market.
The following table sets forth the quarterly high and low sales prices of Gold
Banc common stock as reported by Nasdaq and cash dividends declared, in each
case based on published financial sources.

<TABLE>
<CAPTION>
                                                                         Cash
                                                                       Dividends
                                                                       Declared
                                                        High     Low   per Share
                                                       ------- ------- ---------
   <S>                                                 <C>     <C>     <C>
   1997
   First quarter...................................... $  5.94 $  4.25    $ .000
   Second quarter.....................................    7.25    5.25      .015
   Third quarter......................................   10.25    6.94      .015
   Fourth quarter.....................................   13.13    9.25      .015
   1998
   First quarter...................................... $ 13.38 $ 11.63    $ .015
   Second quarter.....................................   22.75   12.50      .020
   Third quarter......................................   21.75   14.00      .020
   Fourth quarter.....................................   17.25   13.00      .020
   1999
   First quarter...................................... $ 16.25 $ 12.80    $ .020
   Second quarter.....................................   16.38   11.88      .020
   Third quarter......................................   13.88    9.75      .020
</TABLE>

   On September 3, 1999, the last full trading day prior to the public
announcement of the merger, the reported closing price of Gold Banc common
stock on The Nasdaq Stock Market was $11.88 per share. On      [date of proxy],
the reported closing price of Gold Banc common stock was $    per share.

   American Bancshares. The shares of American Bancshares common stock are
listed for trading under the symbol "ABAN" as a Nasdaq National Market issue on
The Nasdaq Stock Market. The following table sets forth the quarterly high and
low sales prices of American Bancshares common stock as reported by Nasdaq
based on published financial sources. During the periods indicated, American
Bancshares did not pay any dividends.

<TABLE>
<CAPTION>
                                                                  High     Low
                                                                 ------- -------
   <S>                                                           <C>     <C>
   1997
   First quarter................................................ $  9.25 $  7.50
   Second quarter............................................... $  9.63 $  8.00
   Third quarter................................................ $ 12.75 $  9.00
   Fourth quarter............................................... $ 13.25 $ 11.63
   1998
   First quarter................................................ $ 13.13 $ 11.75
   Second quarter............................................... $ 13.88 $ 11.50
   Third quarter................................................ $ 11.50 $  8.63
   Fourth quarter............................................... $ 10.25 $  8.00
   1999
   First quarter................................................ $ 11.13 $  8.25
   Second quarter............................................... $  9.75 $  8.00
   Third quarter................................................ $ 15.00 $  7.88
</TABLE>

   On September 3, 1999, the last full trading day prior to the public
announcement of the merger, the reported closing price of American Bancshares
common stock on The Nasdaq Stock Market was $12.00 per share. On      [date of
proxy], the reported closing price of American Bancshares common stock was $
per share.

                                     xxviii
<PAGE>

                                 RISK FACTORS

   You should carefully consider the following risk factors concerning Gold
Banc in determining whether to approve the merger. This prospectus contains
forward-looking statements that involve risk and uncertainties. You can
identify these forward-looking statements because they may include terms such
as "believes," "anticipates," "intends," "expects," or similar expressions and
may include discussions of future strategy. We caution you not to rely unduly
on any forward-looking statements in this prospectus. Our actual results could
differ materially from the forward-looking statements. The risk factors
described below could cause or contribute to these differences and apply to
all forward-looking statements wherever they appear in this prospectus.
However, there could be other factors not listed below that may affect us. We
may not update these risk factors or publicly announce revisions to forward-
looking statements contained in this joint proxy statement/prospectus.

 It may be difficult for us to maintain our rapid growth.

   We have completed several acquisitions in the past few years that have
significantly enhanced our rate of growth. We cannot be certain that we will
continue to sustain this rate of growth or grow at all. Competition for
suitable acquisition candidates is intense. We are targeting acquisition
candidates, particularly in the metropolitan and suburban areas, that a
variety of larger financial institutions are also interested in acquiring.

   We continue to review potential acquisition candidates and hold preliminary
discussions with several of these candidates. We cannot assure you that any of
these discussions will be successful. We may not be successful in identifying
acquisition candidates or be able to acquire banks and financial services
businesses on terms we feel are favorable.

   The rural market areas we now serve afford limited, if any, opportunities
for growth. We believe future growth in our revenues and net earnings will
depend, in addition to acquisitions, on our growth in the metropolitan and
suburban market areas where we have locations. The financial institutions in
these metropolitan and suburban areas also compete intensely for assets and
deposits. This competition may adversely affect our ability to grow our asset
and deposit base profitability.

   In addition, the proposed elimination of pooling of interests accounting,
if adopted, may impede Gold Banc's ability to acquire other banks or
businesses without adversely impacting our future earnings due to the
amortization expense related to goodwill.

 We are uncertain that the integration of American Bancshares or future
 acquisitions will be successful.

   We cannot assure that the integration of American Bancshares or future
mergers or acquisitions (including those referred to herein) will be
successful or that the anticipated strategic benefits of the merger or future
mergers or acquisitions will be realized. Mergers and acquisitions involve a
number of special risks, including adverse short-term effects on Gold Banc's
reported operating results, diversion of management's attention,
standardization of operating and accounting systems, dependence on retaining,
hiring and training personnel and unanticipated problems or legal liabilities.
If Gold Banc is unable to successfully integrate American Bancshares or future
mergers or acquisitions for these or any other reasons, Gold Banc's desired
revenue and cost savings opportunities may be adversely affected. Acquiring
other banks and businesses will involve risks commonly associated with
acquisitions, including:

  .  potential exposure to liabilities of banks and financial services
     businesses we acquire;

  .  difficulty and expense of integrating operations and personnel of banks
     and financial services businesses we acquire;

  .  potential disruption to our business;

  .  potential diversion of our management's time and attention;

  .  impairment of relationships with and the possible loss of key employees
     and customers of the banks and financial services businesses we acquire;

                                       1
<PAGE>

  .  incurrence of amortization expense if we account for an acquisition as a
     purchase rather than as a pooling of interests; and

  .  dilution to our stockholders if we use our common stock as consideration
     for the acquisition.

 The loss of certain key personnel could adversely affect our operations.

   Our success depends in large part on the retention of a limited number of
key persons, including:

  .  Michael W. Gullion, our Chairman and Chief Executive Officer;

  .  Malcolm M. Aslin, our President and Chief Operating Officer;

  .  Keith E. Bouchey, our Executive Vice President, Mergers and
     Acquisitions;

  .  J. Craig Peterson, our Executive Vice President and Chief Financial
     Officer; and

  .  Joseph F. Smith, our Executive Vice President and Chief Technology
     Officer.

   We will likely undergo a difficult transition period if we lose the
services of any or all of these individuals. In recognition of this risk, we
own and are the beneficiary of an insurance policy on the life of Mr. Gullion
providing death benefits of $1.5 million and have entered into employment
agreements with Messrs. Gullion, Aslin, Bouchey and Smith.

   We also place great value on the experience of the presidents of our
subsidiaries and the branches of our subsidiaries and on their relationships
with the communities they serve. The loss of these key persons could
negatively impact the affected banking locations. There is no assurance we
will be able to retain our current key personnel or attract additional
qualified key persons as needed.

 Changes in the local economic conditions could adversely affect our loan
 portfolio.

   Our success depends to a certain extent upon the general economic
conditions of the local markets that we serve. Unlike larger banks that are
more geographically diversified, we provide banking and financial services to
customers in those markets in Kansas, Oklahoma, Missouri, Colorado and
Florida, including a number of rural markets, where our subsidiary banks
operate or are expected to operate. Our commercial, real estate and
construction loans, and the ability of the borrowers to repay these loans and
the value of the collateral securing these loans, are impacted by the local
economic conditions. In the rural markets we serve, the predominant economic
sector is agriculture. We cannot assure you that favorable economic conditions
will exist in such markets.

 Our allowance for loan losses may not be adequate to cover actual loan
 losses.

   As a lender, we are exposed to the risk that our customers will be unable
to repay their loans according to their terms and that any collateral securing
the payment of their loans may not be sufficient to assure repayment. Credit
losses are inherent in the lending business and could have a material adverse
effect on our operating results. Our credit risk with respect to our real
estate and construction loan portfolio relates principally to the general
creditworthiness of individuals and the value of real estate serving as
security for the repayment of loans. Our credit risk with respect to our
commercial and consumer installment loan portfolio relates principally to the
general creditworthiness of businesses and individuals within our local
markets.

   We make various assumptions and judgments about the collectability of our
loan portfolio and provide an allowance for potential losses based on a number
of factors. If our assumptions are wrong, our allowance for loan losses may
not be sufficient to cover our loan losses. We may have to increase the
allowance in the future. Material additions to our allowance for loan losses
would decrease our net earnings.

                                       2
<PAGE>

 We may be unable to manage interest rate risk that could reduce our net
 interest income.

   Like other financial institutions, our results of operations are impacted
principally by net interest income, which is the difference between interest
earned on loans and investments and interest expense paid on deposits and
other borrowings. We cannot predict or control changes in interest rates.
Regional and local economic conditions and the policies of regulatory
authorities, including monetary policies of the Federal Reserve, affect
interest income and interest expense. While we continually take measures
intended to manage the risks from changes in market interest rates, changes in
interest rates can still have a material adverse effect on our profitability.

 We cannot predict how changes in technology will impact our business.

   The financial services market, including banking services, is increasingly
affected by advances in technology, including developments in:

  .  telecommunications;

  .  data processing;

  .  automation;

  .  Internet-based banking;

  .  telebanking; and

  .  debit cards and so-called "smart cards."

   Our ability to compete successfully in the future will depend on whether we
can anticipate and respond to technological changes. To develop these and
other new technologies we will likely have to make additional capital
investments. Although we continually invest in new technology, we cannot
assure you that we will have sufficient resources or access to the necessary
proprietary technology to remain competitive in the future.

 The banking business is highly competitive.

   We operate in a competitive environment. In the metropolitan and suburban
areas in which we compete, other commercial banks, savings and loan
associations, credit unions, finance companies, mutual funds, insurance
companies, brokerage and investment banking firms and other financial
intermediaries offer similar services. We also face competition in our rural
markets. Many of these competitors have substantially greater resources and
lending limits and may offer certain services our subsidiary banks and
businesses do not currently provide. In addition, some of the non-bank
competitors are not subject to the same extensive regulations that govern our
subsidiary banks and businesses. Our profitability depends upon the ability of
our subsidiaries to compete in our primary market areas.

 Our operations may be adversely affected if we, or certain persons with whom
 we do business, fail to adequately address the Year 2000 issue.

   Certain older computer programs identify years with two digits instead of
four. If not remedied, this is likely to cause problems because these programs
may recognize the Year 2000 as the Year 1900. As with other financial
institutions, we engage in a significant amount of business and reporting
activity that depends on accurate date information, such as calculation of
interest and other calculations pertaining to loans, deposits, assets and
investments. As a result, Year 2000 problems could result in a system failure
or miscalculations that disrupt our operations. We continue to address these
issues as they relate to our subsidiaries and corporate systems and are in the
implementation phase of our preparations for the year change from 1999 to
2000.

   The process of remediating, the costs of remediating or failing to
remediate Year 2000 issues may be more burdensome than we anticipate. In
addition, it is possible that Year 2000 issues could have a material adverse
effect on:

  .  our service providers and their ability to provide us services,
     including SLMsoft.com, Inc. formerly

                                       3
<PAGE>

   Bankline MidAmerica, Inc., which provides a data processing system to
   which most of our subsidiary banks have converted, and

  .  our customers, their businesses and their ability to repay loans.

   The cumulative effect of such problems, if they occur, could adversely
affect our operations. For a more detailed discussion of our Year 2000
initiatives, see the disclosure under "Year 2000 Initiatives" in Gold Banc's
annual report on Form 10-K for the year ended December 31, 1998, which has
been incorporated by reference into this prospectus.

 We are subject to extensive regulation.

   The banking industry is heavily regulated under both federal and state law.
These regulations are primarily intended to protect depositors and the Federal
Deposit Insurance Corporation, not our creditors or stockholders. Our non-bank
subsidiaries are also subject to the supervision of the Federal Reserve Board,
in addition to other regulatory and self-regulatory agencies including the
Securities and Exchange Commission, the National Association of Securities
Dealers, and state securities and insurance regulators. Regulations affecting
banks and financial services businesses are undergoing continuous change, and
the ultimate effect of such changes cannot be predicted. Regulations and laws
may be modified at any time, and new legislation may be enacted that affects
us, our subsidiary banks or our non-bank subsidiaries. We cannot assure you
that such modifications or new laws will not adversely affect us.

 Our subsidiary banks may be forced to pay for any losses the Federal Deposit
 Insurance Corporation incurs if it provides assistance to any of our other
 subsidiary banks.

   Federal law contains a "cross guarantee" provision that could require any
of our insured subsidiary banks to pay for losses incurred by the Federal
Deposit Insurance Corporation if it provides assistance to another of our
insured subsidiary banks or in the event a subsidiary bank fails. If another
of our subsidiary banks is assessed for any assistance the Federal Deposit
Insurance Corporation may provide, such assessment could materially effect
that subsidiary bank's financial condition as well as ours.

                             THE SPECIAL MEETINGS

Date, Times and Places

   Gold Banc. This joint proxy statement/prospectus is first being mailed by
Gold Banc to the holders of Gold Banc common stock, $1.00 par value per share,
on or about     , 2000, and is accompanied by the notice of the Gold Banc
special meeting and form of proxy that is solicited by Gold Banc's board of
directors for use at the Gold Banc special meeting and at any adjournments or
postponements of that meeting. Gold Banc's special meeting will be held at
Gold Banc, 11301 Nall Avenue, Leawood, Kansas, at 10:00 a.m., local time, on
     , 2000.

   American Bancshares. This joint proxy statement/prospectus is first being
mailed by American Bancshares to the holders of American Bancshares common
stock, $1.175 par value per share, on or about     , 2000, and is accompanied
by the notice of the American Bancshares special meeting and form of proxy
that is solicited by the board of directors of American Bancshares for use at
the American Bancshares special meeting and at any adjournments or
postponements of that meeting. American Bancshares' special meeting will be
held at                       at 11:00 a.m., local time, on    , 2000.

Matters to be Considered at the Special Meetings

   Gold Banc. At Gold Banc's special meeting, holders of Gold Banc common
stock are being asked to consider and approve the merger agreement that
provides for the merger of American Bancshares with and into

                                       4
<PAGE>

Gold Banc Acquisition Corporation XI, as well as the resulting issuance of
Gold Banc common stock to American Bancshares' stockholders as provided under
the terms of the agreement.

   American Bancshares. At American Bancshares' special meeting, holders of
American Bancshares common stock are being asked to approve the merger
agreement that provides for the merger of American Bancshares with and into
Gold Banc Acquisition Corporation XI.

Record Date; Stock Entitled to Vote; Quorum

   Gold Banc. The Gold Banc board of directors has established the close of
business on     , 2000 as the date to determine those record holders of Gold
Banc common stock entitled to notice of and to vote at the Gold Banc special
meeting. On that date, there were    shares of Gold Banc common stock
outstanding held by approximately    holders of record. A majority of the
shares of Gold Banc issued and outstanding and entitled to vote on the record
date must be represented in person or by proxy at Gold Banc's special meeting
in order for a quorum to be present for purposes of transacting business at
Gold Banc's special meeting. In the event that a quorum is not present at Gold
Banc's special meeting, it is expected that the meeting will be adjourned or
postponed to solicit additional proxies. Holders of record of Gold Banc common
stock on the record date are each entitled to one vote per share on each
matter to be considered at Gold Banc's special meeting.

   American Bancshares. The American Bancshares board of directors has
established the close of business on      , 2000 as the date to determine
those record holders of American Bancshares common stock entitled to notice of
and to vote at the American Bancshares special meeting. On that date, there
were    shares of American Bancshares common stock outstanding held by
approximately    holders of record. A majority of the shares outstanding and
entitled to vote on the record date are required to be represented in person
or by proxy in order for a quorum to be present for purposes of approving the
merger at American Bancshares' special meeting. An affirmative vote of a
majority of all shares entitled to vote at the special meeting is required for
approval of the merger. In the event a quorum is not present at American
Bancshares' special meeting, it is expected that the meeting will be adjourned
or postponed to solicit additional proxies. Holders of record of American
Bancshares common stock on the record date are each entitled to one vote per
share on each matter to be considered at American Bancshares' special meeting.

Votes Required

   Gold Banc. The approval of the merger agreement and issuance of the shares
of Gold Banc common stock to American Bancshares stockholders requires the
affirmative vote of a majority of the votes cast with respect to that proposal
and entitled to vote at Gold Banc's special meeting. An abstention or a broker
non-vote, as described below, will not count as a vote cast at the special
meeting.

   American Bancshares. The approval and adoption of the merger agreement
requires the affirmative vote of the majority of the shares of American
Bancshares common stock outstanding on      , 2000. An abstention or a broker
non-vote, as described below, will have the same effect as a vote against the
merger.

Security Ownership of Management

   Gold Banc. As of the record date for the Gold Banc special meeting, the
directors and executive officers of Gold Banc as a group beneficially owned
(excluding shares purchasable upon exercise of stock options)    % of the
outstanding shares of Gold Banc common stock. The approval of the merger
agreement and issuance of the shares of Gold Banc common stock to American
Bancshares stockholders requires the affirmative vote of a majority of the
votes cast with respect to that proposal and entitled to vote at Gold Banc's
special meeting.

   American Bancshares. As of the record date for the American Bancshares
special meeting, the directors and executive officers of American Bancshares
as a group beneficially owned (excluding shares purchasable upon exercise of
stock options)     % of the outstanding shares of American Bancshares common
stock. Additionally,

                                       5
<PAGE>

American Bancshares' directors, J. Gary Russ, Ronald L. Larson, Timothy I.
Miller, Dan E. Molter, Kirk D. Moudy, Lynn B. Powell, III, Walter L. Presha,
R. Jay Taylor and Edward D. Wyke, who in the aggregate hold approximately 8%
of the outstanding shares, have entered into a voting agreement with Gold
Banc. The voting agreement requires these persons to vote all shares of
American Bancshares common stock beneficially owned by them in favor of the
merger agreement and against any competing acquisition proposal or other
proposal inconsistent with the merger agreement. The approval and adoption of
the merger agreement requires the affirmative vote of the majority of the
shares of American Bancshares common stock outstanding on      , 2000.

Voting of Proxies

Submitting Proxies.

   Gold Banc and American Bancshares stockholders may vote their shares in
person by attending their respective special meeting or vote their shares by
proxy by completing the enclosed proxy card, including signature and date, and
mailing it to us in the enclosed postage-paid envelope. If a Gold Banc or
American Bancshares stockholder signs and returns a written proxy card without
instructions, the shares represented by the proxy will be counted as a vote in
favor of the merger.

   For American Bancshares stockholders whose shares are held in "street name"
(i.e., in the name of a broker, bank, or other record holder), not returning a
proxy card or not directing the record holder of their shares as to how to
vote their shares will have the same effect as voting those shares against the
merger.

Revoking Proxies.

   Gold Banc. Gold Banc stockholders of record may revoke their proxies at any
time before their proxies are voted at Gold Banc's special meeting. Proxies
may be revoked by (1) submitting a written revocation to the Corporate
Secretary of Gold Banc, (2) duly executing another valid proxy bearing a later
date or (3) attending the Gold Banc special meeting and voting in person. A
stockholder's attendance at the Gold Banc special meeting will not by itself
revoke a proxy. Gold Banc stockholders of record should address any revocation
to:

     Gold Banc Corporation, Inc.
     11301 Nall Avenue
     Leawood, Kansas 66211
     Attention: Corporate Secretary

   Stockholders who require assistance in changing or revoking a proxy should
contact: Keith E. Bouchey, Corporate Secretary.

   American Bancshares. American Bancshares stockholders of record may revoke
their proxies at any time before their proxies are voted at American
Bancshares' special meeting. Proxies may be revoked by (1) submitting a
written revocation to the Corporate Secretary of American Bancshares, (2) duly
executing another valid proxy bearing a later date or (3) attending the
American Bancshares special meeting and voting in person. A stockholder's
attendance at the American Bancshares special meeting will not by itself
revoke a proxy. American Bancshares stockholders of record should address any
revocation to:

     American Bancshares, Inc.
     4502 Cortez Road West
     Bradenton, Florida 34210-2801
     Attention: Corporate Secretary

   Stockholders who require assistance in changing or revoking a proxy should
contact: Brian M. Watterson, Corporate Secretary.

                                       6
<PAGE>

General Information.

   Abstentions may be specified on the proposals. Shares of Gold Banc common
stock or American Bancshares common stock represented at their respective
special meeting for which proxies have been received, but with respect to
which stockholders have abstained on any matter, will be treated as present at
the applicable special meeting for purposes of determining the presence or
absence of a quorum for the transaction of all business. For Gold Banc
stockholders, an abstention or a broker non-vote will not count as a vote cast
for purposes of determining whether the votes representing at least a majority
of the shares voted at the meetings were cast in favor of the merger. For
American Bancshares stockholders, the failure to vote the shares in favor of
the merger for any reason whatsoever--whether by withholding the vote, by
abstaining or by causing a broker non-vote--will have the same effect as a
vote cast opposing the merger.

   A broker non-vote generally occurs when a broker who holds shares in street
name for a customer does not have the authority to vote on certain non-routine
matters because its customer has not provided any voting instructions with
respect to that matter.

   Because approval of the merger agreement requires the affirmative vote of a
majority of all the votes entitled to be cast at the special meeting by
holders of the issued and outstanding American Bancshares common stock,
abstentions and broker non-votes will have the same effect as negative votes.
Accordingly, the American Bancshares board of directors urges its shareholders
to complete, date, and sign the accompanying proxy and return it promptly in
the enclosed, postage-paid envelope.

   Neither Gold Banc nor American Bancshares is aware of any matters expected
to be presented for consideration at its respective special meeting other than
as described in their respective notice of special meeting. If any other
matters are properly presented, the persons named as proxies will vote in
accordance with their best judgment with respect to such matters, unless
authorization to use that discretion is withheld. However, proxies having
instructions to vote against the adoption of the merger agreement will not be
allowed to be voted in favor of a motion to adjourn or postpone either meeting
to another time or place.

   Gold Banc and American Bancshares will each bear the cost of the
solicitation of proxies from its own stockholders. In addition to solicitation
by mail, the directors, officers and employees of Gold Banc and American
Bancshares, who will receive no compensation for their services other than
their regular salaries, may also solicit proxies from stockholders by
telephone, telecopy, telegram or in person. In addition, Gold Banc and
American Bancshares may engage brokerage houses and other custodians, nominees
and fiduciaries to forward copies of these proxy materials to those persons
for whom they hold shares, and in that event, incur additional costs.

   Stockholders who submit proxy cards should not send in any stock
certificates with their proxy cards. A letter of transmittal with instructions
for the surrender of certificates representing shares of American Bancshares
common stock will be mailed by Gold Banc to former American Bancshares
stockholders shortly after the merger is completed.

                                       7
<PAGE>

                              THE PROPOSED MERGER

General

   Gold Banc and American Bancshares are furnishing this document to their
stockholders in connection with the solicitation of proxies by their boards of
directors for use at their special meetings of their stockholders.

   Gold Banc Proposal. At the Gold Banc stockholders' meeting, holders of Gold
Banc common stock will be asked to vote on the approval of the merger
agreement and the issuance of the shares of Gold Banc common stock to American
Bancshares stockholders. The number of shares needed to approve this proposal
is a majority of the votes cast at the Gold Banc stockholders' meeting. The
merger will not be completed unless the merger agreement is approved by Gold
Banc stockholders.

   American Bancshares Proposal. At the American Bancshares stockholders'
meeting, holders of American Bancshares common stock will be asked to vote on
the approval and adoption of the merger agreement. The number of shares needed
to approve this proposal is a majority of the shares outstanding on     ,
2000. The merger will not be completed unless the merger agreement is approved
and adopted by the American Bancshares stockholders.

Exchange of American Bancshares Shares

   If you are a record holder of American Bancshares common stock immediately
prior to the effective time of the merger and the proposals are approved, you
will receive in exchange for each share of American Bancshares common stock, a
number of shares of Gold Banc common stock equal to $18.18 divided by the
average of the closing sales prices of Gold Banc common stock on the 10
consecutive trading days immediately preceding the third trading day prior to
the effective time of the merger. However, if such average is greater than
$13.75, then each share of American Bancshares common stock will be converted
into 1.3222 shares of Gold Banc common stock, and if such average is less than
$11.00, then each share of American Bancshares common stock will be converted
into 1.6527 shares of Gold Banc common stock.

Stock Options

   American Bancshares Stock Options. Upon completion of the merger, each
option to acquire American Bancshares' common stock which is outstanding
immediately before completing the merger, whether or not vested or
exercisable, will be converted into and become rights with respect to Gold
Banc common stock. Gold Banc will assume each option to acquire American
Bancshares common stock in accordance with the terms of the stock option plan
under which it was granted, except that following the merger: (1) Gold Banc
and its compensation committee will be substituted for American Bancshares and
its board of directors' committee administering such plan, (2) each American
Bancshares stock option assumed by Gold Banc may be exercised solely for Gold
Banc common stock, and (3) the number of shares of Gold Banc common stock
subject to the new stock options, as well as the exercise price of those stock
options, will be adjusted to account for the conversion ratio in the merger.

   Gold Banc Stock Options. No adjustments will be made to the outstanding
stock options issued by Gold Banc, and no options will vest or become
exercisable as a result of the merger.

Background of the Merger

   American Bancshares has been aware of the rapidly changing structure in its
banking market due, in part, to the significant consolidation of financial
institutions, especially in the State of Florida. This trend toward
consolidation in the financial services industry has been fueled by, among
other things, recent national and state bank-related legislation which has
made it easier for institutions to grow their operations across state lines
and take advantage of and benefit from economies of scale and greater
operating efficiencies. As a result of this trend,

                                       8
<PAGE>

American Bancshares perceived that it would be facing significantly increased
competition from other banks, financial institutions, thrifts, credit unions,
and commercial lenders.

   In late 1997, American Bancshares evaluated the market on the west coast of
Florida and concluded that the process of consolidation would continue to
occur in its market thereby reducing the number of community and independent
banks. Larger out-of-state institutions were expected to increase the pace of
their acquisition of Florida-based financial institutions in an attempt to
increase their share of the Florida banking market. At the same time,
community banks had been, and were expected to continue, to combine in an
effort to remain competitive with the larger institutions. After completing
its review, American Bancshares determined that the acquisition of other
Florida-based community banks and financial institutions would be the most
cost effective method for increasing its market share and continuing the
growth of the institution. Pursuing this strategy, American Bancshares
acquired a local mortgage company in 1997 and in early 1998 it consummated the
acquisition of Murdock Florida Bank located in Murdock, Florida.

   Following the acquisition of Murdock Florida Bank, American Bancshares
continued to identify additional acquisition candidates, but it was not able
to reach any agreement with suitable candidates. Accordingly, American
Bancshares resumed its strategy of growth through branching. As a result of
these events, among other things, the board of directors became concerned
about the operating efficiencies of its wholly-owned banking subsidiary,
American Bank, and whether further profitable acquisitions were feasible.
Advest Inc., American Bancshares' financial advisor, was requested to conduct
an analysis of its banking operations and provide a comparison of stock
performance and projected results of operations of its current business plan
as compared to other community banks in Florida and adjacent states. American
Bancshares also engaged Sheshunoff & Co. Investment Banking to perform a
similar review concentrating on how to improve earnings and reduce expenses.
Both Sheshunoff and Advest identified several areas where operating
efficiencies could be improved and costs that could be reduced. In early 1999,
American Bancshares began to restructure its banking operations in an effort
to improve earnings through a reduction of expenses and the elimination of
unprofitable banking relationships.

   From time to time, members of the board of directors and management of
American Bancshares had been approached by other financial institutions which
expressed an interest in a business combination with American Bancshares.
Although American Bancshares had routinely dismissed such approaches,
following the Sheshunoff and Advest studies in mid-1999 and the repeated
inability to locate suitable acquisition candidates, together with concerns
that proposals to eliminate the pooling of interests method of accounting
could lower prices paid in financial institution acquisitions, the board of
directors determined that it should evaluate its current business and
prospects under its business plan against the values that might be achieved
through a sale of American Bancshares.

   On July 20, 1999, the executive committee of the board of directors of
American Bancshares asked Advest to make a presentation discussing the current
market for the acquisition of financial institutions in the Southeastern
United States, as well as the trading market for the common stock of such
institutions. Advest identified those institutions that it believed would be
interested in pursuing an acquisition of American Bancshares. On July 21,
1999, the board of directors of American Bancshares formally engaged Advest to
assist them in evaluating American Bancshares' current business plan and to
analyze the strategic alternatives available to it.

   On July 29, 1999, Advest made its presentation to the board of directors.
In this presentation, Advest discussed the current operating environment for
financial institutions in the Southeastern United States, provided a
comparison of the financial performance of American Bancshares and the trading
market for its shares to that of its peers, and provided an assessment of the
American Bancshares business plan and prospects and its potential long-term
value to shareholders. Similar to the report made to the executive committee
on July 20, 1999, this presentation to the full board also identified
financial institutions that Advest believed would be interested in considering
an acquisition of American Bancshares. After deliberation of the matter
following the Advest presentation, the board of directors authorized Advest to
solicit non-binding indications of interest for the acquisition of American
Bancshares by a limited number of financial institutions, with the
understanding that the

                                       9
<PAGE>

board of directors had not yet determined that a sale of American Bancshares
was desirable or in the best interests of American Bancshares shareholders.

   Between July 30, 1999, and August 3, 1999, Advest contacted several
financial institutions regarding their interest in considering a potential
acquisition of American Bancshares. These institutions were presented with a
copy of a confidentiality agreement. They were informed that American
Bancshares had not yet determined whether it was for sale. Most of these
institutions expressed an interest in a potential business combination with
American Bancshares. Each institution entered into a confidentiality agreement
and was provided with a confidential information memorandum regarding American
Bancshares prepared by Advest and senior members of American Bancshares'
management. In order for American Bancshares' board of directors to ascertain
whether a sale of American Bancshares should be considered further, each
interested party was advised that indications of interest, including prices,
and the form of consideration that they would be willing to pay for an
acquisition of American Bancshares, were to be furnished to Advest on or
before August 25, 1999. After receiving the indications of interest, the board
of directors would then consider whether it was in the best interests of
American Bancshares and its shareholders to further consider and negotiate a
sale of American Bancshares.

   On August 26, 1999, Advest made a presentation to the board of directors
describing the results of its solicitation of indications of interest and
provided an analysis of the values offered against its updated assessment of
the American Bancshares business plan. This presentation included a summary of
all indications of interest received. Several of the recipients of the
confidential information memorandum actively discussed the possibility of
submitting an indication of interest to Advest. Five submitted indications of
interest. Advest's presentation of the indications of interest included a
present value analysis of projected future values of the stock being offered
by each interested party. Advest's presentation also included an analysis of
the American Bancshares business plan which included projected income
statements and present value analysis of the potential impact of the plan on
the market price for American Bancshares common shares.

   After receiving and discussing the information provided by Advest, and
analyzing the indications of interests received and the projected results of
its business plan, the board of directors authorized Advest to seek formal
bids for the acquisition of American Bancshares. Advest identified the
indications of interest from Gold Banc and from another financial institution
as the highest values offered for American Bancshares. Based on Gold Banc's
indication of interest, which offered the highest value for American
Bancshares, the board of directors authorized Advest to request a formal bid
and to invite Gold Banc to conduct due diligence prior to submitting their
bid. The final bid, however, was required to be submitted no later than the
close of business on September 3, 1999.

   From August 29, 1999 through August 31, 1999, Gold Banc conducted due
diligence at the offices of American Bancshares. The due diligence review
included a review of certain documents of American Bancshares, as well as
interviews with senior management.

   On September 1, 1999, representatives of the other financial institution
which had submitted the second highest indication of interest contacted Advest
to request an opportunity to conduct due diligence and to provide a revised
indication of interest. After several discussions between Advest and certain
members of the executive committee of American Bancshares, the other financial
institution was given approval to perform a limited due diligence on September
2, 1999. Later that day, following their review, the other financial
institution submitted a revised indication of interest. The other financial
institution was advised by Advest that final bids were due no later than
September 3, 1999.

   On September 3, 1999, Gold Banc submitted its formal bid and a further
revised bid was submitted by the other financial institution. The board of
directors held a meeting that evening to review the bids received. At this
meeting, Advest presented a report to the board of directors analyzing and
comparing each of the bids. Each bid offered a stock-for-stock exchange. Gold
Banc offered (a) $18.18 per share based on the average closing price of Gold
Banc common stock several days prior to the merger, (b) a floating rate
exchange ratio if the average closing price of Gold Banc common stock was
between $13.75 and $11.00 per share, and (c) a right to terminate

                                      10
<PAGE>

the transaction if the average closing price is below $10.00 per share. The
other financial institution offered a higher price, based on current stock
values, with a floating rate exchange ratio to be set on the date of the
definitive merger agreement, but without any termination provision in the
event of a drop in the market price of the other financial institution's
common stock.

   Advest reviewed the following points with the board of directors:

  .  the mechanics for, and timing of, fixing the exchange ratios, and the
     risks and benefits of the floating exchange ratio being set immediately
     prior to the closing of the transaction as provided for in the Gold Banc
     proposal as compared to the ratio being set upon the signing of the
     definitive agreement as provided in the other financial institution's
     proposal,

  .  the current value of the price being offered by each bidder, the
     firmness of the prices proposed, and the risk of such offers losing
     value if the overall market should fall,

  .  the differences in the trading values of each bidder's common stock,

  .  the protections offered by the proposed walk-away rights offered by Gold
     Banc, and the lack of such protections under the other financial
     institution's proposal,

  .  the long-term prospects for stock appreciation in each bidders stock,
     including analysts estimates of future stock values for Gold Banc and
     the other financial institution,

  .  the level of ownership control that the American Bancshares'
     shareholders would have in the surviving institution (both in percentage
     of stock ownership and in view of director representation offered by
     each bidder, both at the holding company and bank level),

  .  the potential impact on both employees and customers,

  .  the plans for the franchise following a merger.

   Following this presentation, the board of directors engaged in a lengthy
discussion of the differences of the two bids. Each of the above points was
viewed as having a potential impact on the value of its shareholders'
investment.

   The board of directors noted that Gold Banc intended to utilize American
Bancshares as the lead bank for its Florida expansion and would give its
shareholders a significantly larger interest in the combined entity. The
directors also believed that the Gold Banc offer afforded its shareholders an
opportunity to be a part of the early stages of Gold Banc's Florida expansion
while providing its shareholders with an ability to influence its direction
and maintaining the community bank approach to its operations. In this regard,
American Bank would retain its name, management, directors, and most of its
staff. The board of directors concluded that these factors were likely to
provide significantly more long-term upside value for its shareholders than
that afforded by the other financial institution's proposal. During this
discussion Advest stated that it was of the opinion that the Gold Banc offer
was fair from a financial point of view to the shareholders of the American
Bancshares.

   Following these deliberations, the board of directors then unanimously
voted to accept the Gold Banc bid and authorized the executive committee and
the president of American Bancshares to negotiate the final terms and
conditions of the definitive agreement.

   On September 6, 1999, a final agreement was reached and the parties entered
into the merger agreement. A public announcement of the agreement was released
before the opening of the market on September 7, 1999.

Our Reasons for the Merger

   Gold Banc. In negotiating the terms of the merger and in considering its
recommendation for the approval of the merger agreement, the Gold Banc board
of directors considered a number of factors including the following (which are
all the material factors that the Gold Banc board considered):

     1. The anticipated merger consideration to be paid to the American
  Bancshares stockholders in relation to the book value and earnings per
  share of the American Bancshares common stock;

                                      11
<PAGE>

     2. The Gold Banc board's review of the business, operations and
  financial condition of American Bancshares, as well as the market presence,
  cost savings opportunities and enhanced opportunities for growth made
  possible by the merger;

     3. The Gold Banc board's recognition of the complimentary nature of the
  products offered by Gold Banc and American Bancshares in expectation that
  the merger would provide it with opportunities for additional growth, and
  permit Gold Banc to further establish its market presence in Florida in a
  manner that would provide greater geographic diversification;

     4. The impact of the merger on customers, depositors, employees and
  communities served by Gold Banc and American Bancshares;

     5. The expectation that the merger will be accounted for under the
  pooling of interests method of accounting. See "Accounting Treatment;
  Restrictions on Sales by Affiliates" on page 25;

     6. The merger is consistent with Gold Banc's ongoing strategy of growth
  through acquisitions of community banks and financial services businesses
  with strong existing management; and

     7. The terms of the merger agreement and the other documents executed in
  connection with the merger.

   Gold Banc's board of directors did not assign any specific or relative
weights to the factors considered and reviewed all of the foregoing factors as
favoring the merger.

   In addition, the Gold Banc board of directors has obtained the opinion of
Keefe, Bruyette & Woods, Inc., financial advisor to Gold Banc, that the
consideration proposed to be paid by Gold Banc for American Bancshares
pursuant to the merger agreement is fair, from a financial point of view, to
Gold Banc. The opinion of Keefe, Bruyette & Woods, Inc. is set forth in
Appendix C to this joint proxy statement-prospectus.

   The board of directors of Gold Banc unanimously recommends that its
stockholders vote "FOR" approval of the merger agreement and the issuance of
shares of Gold Banc common stock to the American Bancshares stockholders.

   American Bancshares. In reaching its decision that the merger is fair to,
and in the best interests of, American Bancshares and its shareholders and
recommending that the American Bancshares shareholders vote in favor of the
merger and approve and adopt the merger agreement, the board of directors of
American Bancshares consulted with management of American Bancshares, as well
as its financial and legal advisors and considered a variety of factors,
including the following:

     1. The financial terms of the merger, including the value of the
  consideration offered, the premium to book value paid, the prices paid in
  comparable transactions, relative earnings per share, and the relative
  shareholders' equity of Gold Banc and American Bancshares.

     2. The future prospects of American Bancshares and possible alternatives
  to the proposed merger of American Bancshares with Gold Banc Acquisition
  Corporation XI, including the prospects of continuing as an independent
  institution. The American Bancshares board considered the other indications
  of interest received, and the prospects for receiving a better financial
  offer from another institution having the same commitment to providing
  community banking services to its customers following a merger. In
  evaluating firm bids received by American Bancshares, the board of
  directors gave strong consideration to (a) the mechanics surrounding the
  establishment of the terms of the exchange ratio and the risks regarding
  the differences in timing, (b) the protections afforded, or the lack
  thereof, with regard to a potential drop in the price of the bidder's
  common stock, and (c) the firmness of the prices proposed.

     3. The business and financial condition and earnings prospects of Gold
  Banc, the potential growth of Gold Banc's banking operations, and the
  competence, experience, and integrity of Gold Banc and its management. In
  this regard, the board of directors considered the long-term prospects for
  appreciation in Gold Banc's common stock, as well as the level of ownership
  control that American Bancshares' shareholders would have in the surviving
  institution and in the Florida operations of Gold Banc. Further,

                                      12
<PAGE>

  American Bancshares also considered the impact of being the first Florida
  institution acquired by Gold Banc and the prospects for additional growth
  in the Florida market.

     4. The opinion of Advest, Inc. that the terms of the merger as provided
  in the merger agreement were fair, from a financial point of view, to
  American Bancshares shareholders. The opinion of Advest, Inc. is set forth
  in Appendix B to this joint proxy statement/prospectus.

     5. Information with respect to the financial condition, results of
  operations, business and prospects of American Bancshares and the current
  industry, economic, and market conditions, as well as the risks associated
  with achieving those prospects. This consideration also included the
  potential effect that the proposed elimination of the pooling of interests
  method of accounting may have on prices paid for stock of financial
  institutions in the future.

     6. The non-financial terms and structure of the merger agreement and the
  proposed merger, in particular, the fact that the merger is intended to
  qualify as a tax-free reorganization to American Bancshares shareholders.

     7. The social and economic effects of the merger on American Bancshares
  and its employees, depositors, loan and other customers, creditors, and
  other constituencies of the communities in which American Bancshares is
  located. The board of directors of American Bancshares considered the
  anticipated retention level of its employees following the merger, the
  terms of the employee benefits to be received, the proposed structure and
  operation of the resultant financial institution as a community bank
  following the merger, and the commitment to customer quality and service
  that Gold Banc would provide to American Bancshares' customers and
  depositors.

     8. The likelihood of the proposed merger being approved by appropriate
  regulatory authorities.

   Each of the above factors support, directly or indirectly, the
determination of the board of directors of, American Bancshares as to the
fairness of the merger agreement and the related merger. American Bancshares
board did not quantify or attempt to assign relative weights to the specific
factors considered in reaching its determination; however, the American
Bancshares board placed special emphasis on future prospects for stock
appreciation in Gold Banc common stock, the role American Bancshares will play
in the future Florida expansion of Gold Banc, and the receipt of a favorable
fairness opinion from its financial advisor. See "--Opinion of American
Bancshares' Financial Advisor on page 13."

   The board of directors of American Bancshares unanimously recommends that
American Bancshares stockholders vote "FOR" approval and adoption of the
merger agreement.

Opinion of American Bancshares' Financial Advisor

   By agreement dated July 21, 1999, American Bancshares' board of directors
retained Advest, Inc. ("Advest") as its financial advisor in connection with
American Bancshares' continuing review of its business, operations, financial
condition and prospects. Services provided by Advest under the agreement
included an assessment of the various strategic options available to American
Bancshares and the impact on stockholder value of such options, including a
business combination. To the extent a business combination was deemed
advisable, Advest would assist American Bancshares in identifying and
contacting suitable business combination candidates, preparing due diligence
information, evaluating any proposals and other necessary investment banking
matters, including, if requested by American Bancshares' board of directors,
rendering a fairness opinion regarding the consideration to be received by the
stockholders of American Bancshares in a merger or acquisition transaction
from a financial point of view.

   Advest has delivered a written opinion to American Bancshares' board of
directors, originally dated and delivered on September 6, 1999, and updated to
the date of this proxy statement-prospectus to the effect that the exchange
ratio to be received by American Bancshares' stockholders, pursuant to the
merger agreement, is fair, from a financial point of view, to the stockholders
of American Bancshares. Except as otherwise disclosed herein, there were no
limitations imposed by American Bancshares on Advest in connection with its
rendering of the fairness opinion.

                                      13
<PAGE>

   Advest is a nationally recognized investment banking firm, which was
selected by American Bancshares based on Advest's experience and expertise, as
well as on Advest's familiarity and prior experience with American Bancshares.
As part of its investment banking business, Advest is regularly engaged in the
valuation of bank, bank holding company and thrift institution securities in
connection with mergers, acquisitions, negotiated underwritten offerings,
secondary distributions of listed and unlisted securities, private placements
and for various other purposes. As financial advisor to American Bancshares,
Advest was involved throughout all of the discussions with the various
financial institutions that had expressed interest in a business combination
with American Bancshares, including the offer by Gold Banc, as well as the
negotiations with Gold Banc that resulted in the merger agreement.

   The full text of Advest's fairness opinion, which sets forth the
assumptions made and matters considered, is attached as Appendix B to this
proxy statement/prospectus. You should read Advest's opinion in its entirety.
You should also consider the following when reading the discussion of Advest's
opinion in this document:

  . Advest's opinion is directed only to the consideration offered in the
    merger and does not constitute a recommendation to any American
    Bancshares stockholder as to how such stockholder should vote on the
    proposed transaction.

  . The Advest opinion does not address the relative merits of the merger and
    the other business strategies considered by American Bancshares' board of
    directors, nor does it address the board of directors' decision to
    proceed with the merger.

  . Advest expressed no opinion as to the prices at which American Bancshares
    common stock or Gold Banc common stock will actually trade at any time.

  . The summary information regarding Advest's opinion and the procedures
    followed in rendering such opinion set forth in this proxy statement-
    prospectus is qualified in its entirety by reference to the full text of
    such opinion.

   In arriving at the opinion, Advest, among other things:

  . reviewed financial and other information that was publicly available,
    including SEC and regulatory filings and related disclosures, for both
    American Bancshares and Gold Banc;

  . analyzed certain internal financial projections and other financial and
    operating data prepared by the management of American Bancshares;

  . discussed with senior management of each of Gold Banc and American
    Bancshares their views on each company's respective past and current
    business operations, results thereof, financial condition and future
    prospects;

  . compared the price and trading activity for Gold Banc's and American
    Bancshares' common stock, as well as certain financial and market
    information for Gold Banc and American Bancshares, with similar
    information for certain other companies whose securities are publicly
    traded;

  . reviewed the merger agreement;

  . analyzed certain bank mergers and acquisitions on a state and regional
    basis for institutions deemed to be reasonably similar to American
    Bancshares, and compared the proposed financial consideration in the
    merger with the consideration paid in other relevant mergers and
    acquisitions;

  . assessed the pro forma impact of the merger on Gold Banc and American
    Bancshares;

  . reviewed this joint proxy statement/prospectus;

  . conducted such other financial studies, analyses and investigations as
    Advest deemed appropriate for purposes of its opinion.

   In performing its review, Advest assumed and relied upon, without
independent verification, the accuracy and completeness of all the financial
information, analyses and other information reviewed by and discussed with
Advest. Advest did not make any independent evaluation or appraisal of
specific assets or liabilities, the collateral securing the assets or the
liabilities of Gold Banc or American Bancshares or any of their subsidiaries,
or the

                                      14
<PAGE>

collectibility of any such assets (relying, where relevant, on the analyses
and estimates of Gold Banc and American Bancshares). Advest also assumed the
following with regard to its review:

  . The financial projections reviewed with management have been reasonably
    prepared on bases reflecting the best currently available estimates and
    judgments of the respective managements of the future financial
    performance of Gold Banc and American Bancshares;

  . The merger would be consummated in accordance with the terms of the
    merger agreement, without material waiver or modification.

  . The merger will qualify as a pooling of interests transaction under
    generally accepted accounting principles.

  . The transaction will qualify as a tax-free reorganization for United
    States federal income tax purposes and all material governmental,
    regulatory or other consents and approvals necessary for the consummation
    of the merger will be obtained without any adverse effect on American
    Bancshares or Gold Banc, or on the anticipated benefits of the merger.

  . There has been no material change in Gold Banc's or American Bancshares'
    assets, financial condition, results of operations, business or prospects
    since the date of the last financial statements made available to Advest.

   In connection with rendering its fairness opinion to the American
Bancshares board of directors, Advest performed a variety of financial
analyses. The following is a summary of such analyses, but does not purport to
be a complete description of the Advest analyses. The preparation of a
fairness opinion is a complex process involving subjective judgments and is
not necessarily susceptible to partial analyses or summary description. Advest
believes that its analyses must be considered as a whole and that selecting
portions of such analyses and the factors considered therein, without
considering all factors and analyses, could create an incomplete view of the
analyses and the processes underlying Advest's opinion. You should also
understand that the order of analyses (and results thereof) described does not
represent relative importance or weight given to these analyses by Advest.

   In performing its analyses, Advest made numerous assumptions with respect
to industry performance, business and economic conditions and various other
matters, many of which cannot be predicted and are beyond the control of
American Bancshares, Gold Banc or Advest. Any estimates contained in Advest's
analyses are not necessarily indicative of future results or values, which may
be significantly more or less favorable than such estimates. Estimates of
values of companies do not purport to be appraisals or necessarily reflect the
prices at which companies or their securities may actually be sold. No company
or transaction utilized in Advest's analyses was identical to American
Bancshares or Gold Banc or the merger. Because such estimates are inherently
subject to uncertainty, Advest assumes no responsibility for their accuracy.

   The forecasts or projections furnished to Advest for American Bancshares
were prepared by American Bancshares management. As a matter of policy,
American Bancshares does not publicly disclose internal management forecasts,
projections or estimates of the type furnished to Advest in connection with
its analysis of the merger, and such forecasts, projections and estimates were
not prepared with a view towards public disclosure. These forecasts,
projections and estimates were based on numerous variables and assumptions
which are inherently uncertain and which may not be within the control of
American Bancshares management, including, without limitation, general
economic, regulatory and competitive conditions.

   Advest's opinion dated September 6, 1999, and its opinion dated as of the
date of this joint proxy statement/prospectus, are based upon economic, market
and other conditions as they existed and could be evaluated on September 6,
1999 and the date of this joint proxy statement/prospectus, respectively.
Since the announcement of the merger and Advest's opinion dated September 6,
1999, Gold Banc has announced the acquisitions of CountryBanc Holding Company,
Edmond, Oklahoma, First Business Bancshares, Kansas City, Missouri, and Linn
County Bank, LaCygne, Kansas. Analyses discussed herein and incorporated into
Advest's opinion dated as of the date of this joint proxy statement/prospectus
consider these pending transactions.

                                      15
<PAGE>

   Stock Trading History. Advest reviewed the performance of the weekly stock
prices and trading volume of American Bancshares common stock and Gold Banc
common stock for the period from December 31, 1996 through            , 2000.
Advest compared the per share stock price activity of American Bancshares
common stock, up to the announcement of the merger, to American Bancshares'
peer companies and to major bank stock indices. Advest also compared the per
share stock price activity of Gold Banc common stock to Gold Banc's peer
companies and to the same major bank stock indices.

   Assessment of Implied Purchase Price. Gold Banc's closing stock price was
$11.875 per share on September 3, 1999, which is the last trading day prior to
the date of the merger agreement and Advest's first fairness opinion. As of
           , 2000, the closing stock price for Gold Banc was      per share.
On this date, the trailing 10-day, 20-day and 30-day average stock price for
Gold Banc, along with the implied purchase price for American Bancshares and
multiple of price to book value and price to trailing twelve month earnings,
are as follows:

<TABLE>
<CAPTION>
                                                     Implied American        Price To
                                                        Bancshares      ------------------
                             Gold Banc Stock Price Deal Value Per Share Book Value LTM EPS
                             --------------------- -------------------- ---------- -------
   <S>                       <C>                   <C>                  <C>        <C>
   Trailing 10-day average.
   Trailing 20-day average.
   Trailing 30-day average.
</TABLE>

   Comparable Public Company Analysis. Advest reviewed certain financial,
operating and stock market performance data of 20 publicly traded banks and
bank holding companies headquartered in the Southeast United States, each with
between $255 million and $720 million in total assets, and using data as of
and for the nine months ended September 30, 1999. Advest analyzed the relative
performance and value of American Bancshares by comparing certain publicly
available financial data of American with that of its peer companies,
including leverage ratio, return on assets, return on equity, market price to
estimated 1999 earnings per share, market price to estimated 2000 earnings per
share and market price to book value. All stock prices were closing prices as
of August 27, 1999, five trading days prior to the acquisition announcement.
The analyses yielded the following comparison of the medians for the peer
companies with American Bancshares, respectively:

<TABLE>
<CAPTION>
                                             Peer Companies American Bancshares
                                             -------------- -------------------
   <S>                                       <C>            <C>
   Leverage ratio...........................       8.92%            8.45%
   Return on average assets.................       1.08%            0.59%
   Return on average equity.................      12.63%           10.43%
   Market price to estimated 1999 earnings
    per share...............................      16.13            18.75
   Market price to estimated 2000 earnings
    per share...............................      13.54            13.93
   Market price to book value...............     180.00%          182.00%
</TABLE>

   Advest performed similar analyses with respect to Gold Banc. Advest
reviewed and compared certain financial, operating and stock performance data
of Gold Banc with 20 publicly traded commercial banks and bank holding
companies in the Midwest, with assets of between $1.0 billion and $4.2
billion, and financial data as of and for the nine months ended September 30,
1999. Advest analyzed the relative performance and value of Gold Banc by
comparing certain publicly available financial data of Gold Banc with that of
the peer companies, including leverage ratio, return on assets, return on
equity, market price to estimated 1999 earnings per share, market price to
estimated 2000 earnings per share and market price to book value. All stock
prices were closing prices on     , 2000. The analysis yielded the following
comparison of the medians for the peer companies with those for Gold Banc,
respectively:

<TABLE>
<CAPTION>
                                                        Peer Companies Gold Banc
                                                        -------------- ---------
   <S>                                                  <C>            <C>
   Leverage ratio......................................      9.45%        7.40%
   Return on average assets............................      1.35%        1.15%
   Return on average equity............................     13.09%       15.56%
   Market price to estimated 1999 earnings per share...
   Market price to estimated 2000 earnings per share...
   Market price to book value..........................
</TABLE>

                                      16
<PAGE>

   Advest also analyzed certain of these ratios for Gold Banc on a pro forma
basis, including the merger and all other pending acquisitions, and compared
those ratios to Gold Banc's peer companies. The analysis yielded the following
comparisons of the medians for the peer companies with those of Gold Banc on a
pro forma basis, respectively:

<TABLE>
<CAPTION>
                             Peer Companies Gold Banc
                             -------------- ---------
   <S>                       <C>            <C>
   Market price to
    estimated 2000 earnings
    per share..............
   Market price to book
    value..................
</TABLE>

   Discounted Cash Flow Valuation. Advest performed a discounted cash flow
valuation to estimate a range of present values per share of American
Bancshares common stock assuming American Bancshares continued to operate as a
stand-alone entity. Advest calculated the theoretical per share value of
American Bancshares common stock based on the present value of (1) implied
dividends per share over a five-year period, assuming American Bancshares
could dividend out all current earnings as long as its leverage ratio remained
at 6%, and (2) the terminal value, or the theoretical value of a share of
American Bancshares common stock at the end of the five-year period. Advest
based the projected earnings per share of American Bancshares common stock on
internal management estimates, which include certain earnings enhancement
initiatives currently in process at American Bancshares. The terminal values
are based upon a range of price-to-earnings and price-to-book multiples at
which similarly sized banking institutions are currently trading, which are
to    times earnings and   % to   % of book value. Advest used a range of
discount rates of 12% to 15%, which it deemed appropriate for a company with
American Bancshares' risk characteristics.

   Advest determined that the value per share of American Bancshares common
stock ranged from     to     based on the price-to-earnings multiple
assumptions for the terminal value, and from     to     based on the price-to-
book value assumptions for the terminal value.

   The results of the discounted cash flow analysis using implied dividends
does not purport to reflect the prices at which any securities may trade at
the present time or at any time in the future. Discounted cash flow analysis
is a widely used valuation method, but the results of this method are highly
dependent upon numerous assumptions, including earnings growth rates, dividend
payout rates, multiples to terminal stock prices and discount rates.

   Analysis of Selected Merger Transactions. Advest reviewed the consideration
paid, or proposed to be paid, in other transactions in 1998 and 1999 involving
commercial banks and bank holding companies. Specifically, Advest reviewed
acquisitions of commercial banking companies in Florida, and a larger universe
of    transactions in the Southeast United States since January 1, 1998, with
deal values between $   million and $   million. In reviewing the comparable
transactions, Advest examined the multiples at announcement of price paid
relative to the last twelve months earnings of the seller, price to book
value, price to tangible book value, and premium to core deposits. These
analyses yielded the following comparisons of the medians for the Florida
transactions with the merger, respectively:

<TABLE>
<CAPTION>
                                               Florida Transactions The Merger
                                               -------------------- ----------
   <S>                                         <C>                  <C>
   Price to earnings for the last twelve
    months....................................
   Price to book value........................
   Price to tangible book value...............
   Premium to core deposits...................
</TABLE>

   These analyses yielded the following comparison of the medians for the
Southeast transactions with the merger, respectively:

<TABLE>
<CAPTION>
                                             Southeast Transactions The Merger
                                             ---------------------- ----------
   <S>                                       <C>                    <C>
   Price to earnings for the last twelve
    months..................................
   Price to book value......................
   Price to tangible book value.............
   Premium to core deposits.................
</TABLE>

                                      17
<PAGE>

   Pro Forma Merger Analysis. Advest analyzed the changes in the amount of
fully diluted earnings per share and book value represented by the issuance of
Gold Banc common shares at the exchange ratio, as well as the impact of the
merger on the combined company's market capitalization, total assets, loan
portfolio, deposit base, credit quality and net income. At Gold Banc's stock
price of    per share at     , 2000, American Bancshares shareholders would
receive approximately    Gold Banc shares for each American Bancshares share.
The analysis was based upon: (1) September 30, 1999 balance sheet information
for American Bancshares and Gold Banc, (2) projected 2000 earnings for
American Bancshares and Gold Banc, and (3) relevant balance sheet, earnings
and synergies information for Gold Banc's other pending acquisitions.

   Advest initially did the analysis looking at the impact to Gold Banc
without the effect of its additional pending acquisitions. These analyses
indicate that, with projected synergies, the transaction is expected to be
     to the 2000 earnings per share of Gold Banc on a full-year basis, based
on the issuance of approximately    million new Gold Banc shares. Prior to
adjustments for anticipated synergies, the merger would be approximately   %
dilutive to Gold Banc's projected 2000 earnings per share on a full year
basis. Before considering pooling costs, and based on the above exchange
ratio, the transaction is expected to be   % dilutive to Gold Banc's book
value per share and   % dilutive to tangible book value.

   Advest also reviewed the analysis looking at Gold Banc on a pro forma
basis, including all of its pending acquisitions. On this basis, with
projected synergies, the transaction would be expected to be      to the 2000
pro-forma earnings per share of Gold Banc on a full-year basis, based on the
issuance of approximately    million new Gold Banc shares. Prior to
adjustments for anticipated synergies, the merger would be approximately   %
dilutive to Gold Banc's projected pro forma 2000 earnings per share on a full
year basis. Before considering pooling costs, and based on the above exchange
ratio, the transaction is expected to be approximately   % dilutive to Gold's
pro forma book value per share and   % dilutive to pro forma tangible book
value.

   Advest also analyzed the impact of the merger on the American Bancshares
shareholders by calculating equivalent values in Gold Banc stock for each
American Bancshares share, using an exchange ratio of         Gold Banc shares
per American Bancshares share, and considering all of Gold's pending
acquisitions. That analysis, which was based on certain assumptions made by
Advest, found that equivalent post transaction earnings per share of Gold Banc
for American Bancshares shareholders would be $     per share on a full-year
basis, which is    % greater than American Bancshares' projected 2000 earnings
per share of     . Gold Banc's equivalent book value per share, not including
pooling costs, would be      per share post transaction, which is   % greater
than American Bancshares' current book value of      per share. The equivalent
post-transaction dividends per share for American Bancshares shareholders in
Gold Banc stock would be      per share. American Bancshares does not
currently pay dividends.

   Contribution Analysis. Based upon Gold Banc's closing stock price of
on             , 2000, shareholders of American Bancshares would receive
        Gold Banc shares for each American Bancshares share. American
Bancshares shareholders would therefore own approximately     % of the pro
forma shares outstanding. American Bancshares would contribute approximately
    % of the assets,     % of the loans,     % of the deposits and     % of
the equity to the combined pro forma entity, which also includes all other
pending acquisitions by Gold Banc. Based upon internal management estimates
for both Gold Banc and American Bancshares, American Bancshares is projected
to contribute approximately     % of the pro forma combined net income in
2000, excluding the impact of cost savings and revenue enhancements.

   Consideration to Advest. American Bancshares agreed to pay Advest a
transaction fee of 0.90% of the aggregate consideration to be paid by Gold
Banc upon consummation of the merger. Of this fee, $75,000 has been paid upon
signing of the merger agreement and $100,000 has been paid upon the delivery
of Advest's fairness opinion to American Bancshares' board of directors.
American Bancshares has also agreed to reimburse Advest, upon request, for
reasonable out-of-pocket expenses incurred in connection with Advest's
engagement as financial advisor to American Bancshares in the merger. American
Bancshares has agreed to indemnify Advest and related persons against certain
liabilities, including certain liabilities under the federal securities laws,
from

                                      18
<PAGE>

and arising out of or based upon Advest's engagement on American Bancshares'
behalf with regard to the merger.

   In the ordinary course of business, Advest may effect transactions, for its
own account or for the accounts of customers, and hold at any time a long or
short position in securities of American Bancshares or Gold Banc. In the past
four years, Advest has provided to American Bancshares financial advisory,
investment banking and other services unrelated to the proposed merger, and
has received fees for the rendering of these services. Advest is a market
maker in American Bancshares' common stock.

   Advest has served as lead managing underwriter for two common stock
offerings and two trust preferred offerings for Gold Banc and, from time to
time, has provided strategic and advisory services to Gold Banc in relation to
financial planning and acquisition analysis. Advest is a market maker in Gold
Banc common stock. Advest is not engaged by Gold Banc with respect to the
merger and will not receive any fee from Gold Banc thereby.

Opinion of Gold Banc's Financial Advisor

   On November 9, 1999, Gold Banc retained Keefe, Bruyette & Woods, Inc.
("Keefe Bruyette") to render an opinion as to the fairness, from a financial
point of view of the merger to the shareholders of Gold Banc. Keefe Bruyette
was selected to serve as Gold Banc's financial advisor because Keefe Bruyette
is a nationally recognized investment banking firm with substantial experience
in transactions similar to the merger and is familiar with Gold Banc and its
business. As part of its investment banking business, Keefe Bruyette is
continually engaged in the valuation of businesses and their securities in
connection with mergers and acquisitions.

   On December 6, 1999, Keefe, Bruyette delivered its oral opinion to the
senior management of Gold Banc (subsequently confirmed to Gold Banc's board of
directors by a written opinion dated as of the same date) to the effect that,
as of the date of the opinion and based on and subject to the assumptions,
factors and limitations as set forth in the opinion and as described below,
the consideration proposed to be paid by Gold Banc pursuant to the merger
agreement was fair, from a financial point of view, to Gold Banc. A copy of
the Keefe Bruyette opinion letter is attached to this document as Appendix C
and is incorporated herein by reference.

   Keefe Bruyette's opinion is directed to the Gold Banc Board and does not
constitute a recommendation to any Gold Banc shareholder as to how such
shareholders should vote at the special meeting with respect to the merger or
any other matter related thereto. No limitations were imposed by the Gold Banc
board of directors upon Keefe Bruyette with respect to the investigations made
or procedures followed by Keefe Bruyette in rendering its opinion.

   The full text of Keefe Bruyette's written opinion dated as of the date of
this proxy statement/prospectus is attached as Appendix C to this joint proxy
statement/prospectus and is incorporated herein by reference. The description
of the opinion set forth herein is qualified in its entirety by reference to
Appendix C. Gold Banc shareholders are urged to read the opinion in its
entirety for a description of the procedures followed, assumptions made,
matters considered, and qualifications and limitations on the review
undertaken by Keefe Bruyette in connection therewith.

   In rendering its opinion, Keefe Bruyette reviewed, analyzed and relied upon
the following material relating to the financial and operating condition of
American Bancshares and Gold Banc: (1) the merger agreement; (2) annual
reports to shareholders for the three years ended December 31, 1998 for
American Bancshares and Gold Banc; (3) certain interim reports to shareholders
of American Bancshares and Gold Banc and quarterly reports on Form 10-Q of
American Bancshares and Gold Banc and certain other communications from
American Bancshares and Gold Banc to their respective shareholders; (4) other
financial information concerning the businesses and operations of American
Bancshares and Gold Banc furnished to Keefe Bruyette by American Bancshares
and Gold Banc for the purpose of Keefe Bruyette's analysis, including certain
internal financial

                                      19
<PAGE>

analyses and forecasts for American Bancshares and Gold Banc prepared by
senior management of American Bancshares and Gold Banc; (5) certain publicly
available information concerning the trading of, and the trading market for,
the common stock of American Bancshares and Gold Banc; and (6) certain
publicly available information with respect to banking companies and the
nature and terms of certain other transactions that Keefe Bruyette considered
relevant to its inquiry. Additionally, in connection with its written opinion
attached as Appendix C to this proxy statement/prospectus, Keefe Bruyette
reviewed a draft of this proxy statement/prospectus in substantially the form
hereof. Keefe Bruyette also held discussions with senior management of
American Bancshares and Gold Banc concerning their past and current
operations, financial condition and prospects, as well as the results of
regulatory examinations. Keefe Bruyette also considered such financial and
other factors as it deemed appropriate under the circumstances and took into
account its assessment of general economic, market and financial conditions
and its experience in similar transactions, as well as its experience in
securities valuation and its knowledge of banks, bank holding companies and
thrift institutions generally. Keefe Bruyette's opinion was necessarily based
upon conditions as they existed and could be evaluated on the date thereof and
the information made available to Keefe Bruyette through the date thereof.

   In conducting its review and arriving at its opinion, Keefe Bruyette relied
upon and assumed the accuracy and completeness of all of the financial and
other information provided to it or publicly available, and Keefe Bruyette did
not attempt to verify such information independently. Keefe Bruyette relied
upon the managements of American Bancshares and Gold Banc as to the
reasonableness and achievability of the financial and operating forecasts (the
assumptions and bases therefor) provided to Keefe Bruyette and assumed that
such forecasts reflected the best available estimates and judgments of such
managements and that such forecasts will be realized in the amounts and in the
time periods estimated by such managements. Keefe Bruyette also assumed,
without independent verification, that the aggregate allowances for loan
losses for American Bancshares and Gold Banc are adequate to cover such
losses. Keefe Bruyette did not make or obtain any evaluations or appraisals of
the property of American Bancshares or Gold Banc, nor did Keefe Bruyette
examine any individual loan credit files. Keefe Bruyette was informed by Gold
Banc, and assumed for purposes of its opinion, that the merger would be
accounted for as a pooling-of-interests under generally accepted accounting
principles.

   Keefe, Bruyette performed certain financial and comparative analyses,
including those summarized below which it discussed with members of senior
management of Gold Banc on November 26, 1999. Keefe Bruyette also prepared and
delivered to the Gold Banc board of directors certain written material
containing various analyses and other information relevant to the opinion.

   The following is a summary of the material financial analyses employed by
Keefe Bruyette in connection with its opinion and does not purport to be a
complete description of all analyses employed by Keefe Bruyette, although all
material elements of the opinion are included in the summary.

   Transaction Summary and Premiums Paid. Keefe Bruyette calculated the merger
consideration to be paid pursuant to the exchange ratio as a multiple of
American Bancshares' trailing four quarter earnings per share, estimated
earnings per share for the years ended December 31, 1999, December 31, 2000,
and December 31, 2001 and as a multiple to book value and tangible book value
as of June 30, 1999. This computation assumed a price per share of Gold Banc
common stock of $11.875 (closing price on September 6, 1999) and exchange
ratio of 1.5309 shares of Gold Banc common stock per share of American
Bancshares common stock or $18.18 for each share of American Bancshares common
stock held. Such an amount would represent a multiple of 45.45 times the
trailing four quarters earnings per share of $0.40, a multiple of 32.46 times
third quarter 1999 annualized earnings per share of $0.56, a multiple of 20.38
times management's 2000 estimate of $0.89 per share and a multiple of 17.72
times management's 2001 estimate of $1.03 per share.

   Financial Overview. Keefe Bruyette reviewed financial ratios, market
capitalization and summary September 30, 1999 income statement and balance
sheet information for both Gold Banc and American Bancshares and the combined
company before and after acquisition adjustments, cost savings and revenue
enhancements.

                                      20
<PAGE>

   Contribution Analysis. Keefe Bruyette analyzed the relative contribution of
each of Gold Banc and American Bancshares to certain balance sheet and income
statement items, including assets, common equity, deposits and 1999 annualized
net income and 2000 estimated net income. Keefe Bruyette then compared the
relative contribution of such balance sheet and income statement items with
the estimated pro-forma ownership of 31.3% for American Bancshares
shareholders based on an exchange ratio of 1.5309. The contribution analysis
showed that American Bancshares would contribute approximately 26.9% of the
combined assets, 23.0% of the combined common equity, 26.7% of the combined
deposits, 14.1% of the combined nine months annualized September 30,1999 net
income, and 20.4% of the 2000 estimated net income (before cost savings,
revenue enhancements or intangible amortization).

   Financial Impact Analysis. Keefe Bruyette performed a pro forma merger
analysis that combined projected income statement and balance sheet
information assuming the merger was effective January 1, 2000. Other
assumptions regarding the accounting treatment, acquisition adjustments, cost
savings, and revenue enhancements were used to calculate the financial impact
that the merger would have on certain projected financial results of Gold
Banc. This analysis was based on estimated earnings per share estimates for
Gold Banc and American Bancshares and estimates of expected cost savings and
revenue enhancements in connection with the merger. These projections were
discussed with the managements of American Bancshares and Gold Banc. The
actual results achieved by Gold Banc following the merger may vary from the
projected results and the variations may be material.

   Keefe, Bruyette calculated the impact of the merger on Gold Banc's 2000 and
2001 estimated earnings per share of $1.04 and $1.14, respectively. The 2000
estimate was based on the Institutional Brokers Estimate System, while the
2001, as well as the estimates for 2002, 2003 and 2004 assumed per annum
growth of 10% from the 2000 base year. For American Bancshares, management's
estimate of 2000 and 2001 earnings per share estimates were $0.89 and $1.03,
respectively, and for 2002, 2003 and 2004 earnings per share were projected to
grow at 15% annually. Projections included estimated after-tax cost savings of
American Bancshares' non-interest expenses of $2.3 million in 2000, $2.4
million in 2001, $2.5 million in 2002, $2.6 million in 2003 and $2.8 million
in 2004 and after-tax revenue enhancements of $1.8 million for 2000 and
projected to grow by 5% from 2001 through 2004, resulting in $1.9 million in
2001, $2.0 million in 2002, $2.1 million in 2003, and $2.2 million in 2004.
The resulting pro forma combined estimated earnings per share resulted in
projected increases of $0.02 in 2000, $0.02 in 2001, $0.03 in 2002, $0.03 in
2003 and $0.04 in 2004.

   Keefe, Bruyette also calculated Gold Banc pro forma combined book value per
share dilution from 2000 through 2004 of 9.37%, 8.18%, 7.11%, 6.13% and 5.24%,
respectively, and pro forma tangible book value dilution from 2000 through
2004 of 0.98%, 1.02%, 0.96%, 0.87% and 0.73%, respectively.

   Return on Investment Analysis. Keefe, Bruyette provided a return on
investment analysis for Gold Banc based on a purchase price of $93,077,000 on
January 1, 2000 and assuming annual income growth rates of 15% for American
Bancshares, after-tax cost savings and revenue enhancements growth rates of
5%, a terminal multiple of twenty times American Bancshares' earnings
contribution in 2005, and a 50% dividend payout. The analysis resulted in a
26.51% return on Gold Banc's purchase of American Bancshares. Keefe Bruyette
also included a table based on a range of terminal multiples of 14.0 times,
16.0 times and 18.0 times, which resulted in rates of return of 18.6%, 21.5%
and 24.2%, respectively.

   Comparable Transaction Analysis. Keefe Bruyette analyzed certain financial
data related to nine acquisitions of Florida bank holding companies with
assets of $100 million and over announced from January 1, 1998 to November 19,
1999 (the "Florida bank acquisitions").

                                      21
<PAGE>

   The following transactions comprised the Florida bank acquisitions:

     Buyer:                             Seller:


     Carolina First Corp.               Citrus Bank
     Union Planters Corp                Republic Banking Corp. of FL
     Union Planters Corp.               Ready State Bank
     F.N.B. Corp.                       Guaranty Bank & Trust
     SunTrust                           CitizensBancorp, Inc.
     Regions Financial Corp.            Village Bankshares, Inc.
     Union Planters Corp.               Transflorida Bank
     South Trust Corp.                  American Banks of Florida

   For the Florida bank acquisitions, Keefe Bruyette calculated an average
multiple of price to the sellers' earnings (trailing twelve months) as 27.11
times compared to a multiple of 45.45 times (trailing twelve months) earnings
per share associated with the merger; an average premium to the sellers'
stated book value of 316% compared to a premium of 338% associated with the
merger; and an average premium to the sellers' tangible book value of 318%
compared to a premium of 339% associated with the merger; an average deal
price to assets of 29.21 compared to 19.20 associated with the merger and an
average deposit premium of 25.46 compared to a deposit premium of 21.72
associated with the merger.

   Keefe Bruyette also analyzed certain financial data related to ten
acquisitions of Southeastern bank holding companies with assets of $250
million to $750 million announced from January 1, 1998 to November 19, 1999
(the "Southeastern bank acquisitions").

   The following transactions comprised the Southeastern bank acquisitions:

     Buyer:                             Seller:


     BB&T Corp.                         Hardwick Holding Co.
     Wachovia Corp.                     B.C. Bankshares, Inc.
     Regions Financial Corp.            Minden Bancshares Inc.
     National Commerce BanCorp          First Financial Corp. of Mt. Juliet
     Synovus Financial Corp.            First & Farmers Bancshares
     Union Planters Corp.               Southeast Bancorp, Inc.
     Union Planters Corp.               Arkansas Banking Co.
     Regions Financial Corp.            Etowah Bank
     Regions Financial Corp.            CB&T Inc.

   For the Southeastern bank acquisitions, Keefe Bruyette calculated an
average multiple of price to the sellers' earnings (trailing twelve months) as
21.84 times compared to a multiple of 45.45 times (trailing twelve months)
earnings per share associated with the merger; an average premium to the
sellers' stated book value of 306% compared to a premium of 338% associated
with the merger; and an average premium to the sellers' tangible book value of
326% compared to a premium of 339% associated with the merger; an average deal
price to assets of 28.25 compared to 19.20 associated with the merger and an
average deposit premium of 26.42 compared to a deposit premium of 21.72
associated with the merger.

   Selected Peer Group Analysis. Keefe Bruyette compared the financial
performance and market performance of American Bancshares based on various
financial measures of earnings performance, operating efficiency, capital
adequacy and asset quality and various measures of market performance,
including

                                      22
<PAGE>

market/book values, price to earnings and dividend yields to those of a group
of comparable holding companies. For purposes of such analysis, the financial
information used by Keefe Bruyette was as of and for the quarter ended
September 30, 1999 as available and the market price information was as of
September 6, 1999. The companies in the peer group were southern bank holding
companies in Florida, Alabama and Georgia which had total assets ranging from
approximately $300 million to $700 million and included the following
companies:

  . PAB Bancshares, Inc.            . Gulf West Banks, Inc.
  . Peoples BancTrust Company       . Community First Banking Co.
  . South Alabama Bancorp           . TIB Financial Corp.
  . Commercial Bankshares, Inc.     . Auburn National Bancorp
  . Habersham Bancorp               . First Sterling Banks, Inc.
  . Colony Bankcorp, Inc.           . CNB Florida Bancshares, Inc.
  . First Banking Co. of SE Georgia

   Keefe Bruyette's analysis showed the following concerning American
Bancshares' financial performance:

  . that its return on equity on an annualized basis was 10.43 %, compared
    with an average of 11.32% for the peer group;

  . that its return on assets on an annualized basis was 0.59% compared with
    an average of 1.06% for the group;

  . that its net interest margin on an annualized basis 3.88%, compared with
    an average of 4.69%;

  . that its efficiency ratio on an annualized basis was 73.96%, compared
    with an average of 63.43%;

  . that its equity to assets ratio was 5.73%, compared to an average of
    9.27%;

  . that its ratio of loan loss reserve to nonperforming loans was 62.11%,
    compared to an average of 256.46%;

  .  that its net charge-offs to average loans were 0.35% compared to 0.27%
     for the group; and

  .  that its ratio of nonperforming assets to total loans and other real
     estate owned was 1.57%, compared to an average of 0.78% for the group.

   Keefe Bruyette's analysis further showed the following concerning American
Bancshares' market performance:

  .  that American Bancshares' price to earnings multiple based on 1999
     estimated earnings of $0.47 per share was 25.53 times, compared to an
     average for the group of 17.17 times;

  .  that their price to earnings multiple based on 2000 estimated earnings
     of $0.89 was 13.45 times compared to an average for the group of 15.65
     times;

  .  that their price to book value multiple was 2.24 times, compared to a
     group average of 1.74 times; and

  .  that their dividend yield was 0%, compared to an average for the group
     of 3.30%.

For purposes of the above calculations, 1999 and 2000 earnings estimates for
the group were based upon estimates of Keefe Bruyette and Institutional
Brokers Estimate System except for American Bancshares' estimate for 2000
which was based upon Gold Banc's management projections before cost savings
and revenue enhancements related to the merger.

   Keefe Bruyette has been retained by the board of directors of Gold Banc as
an independent contractor to act as financial adviser to Gold Banc with
respect to the merger. Keefe Bruyette as part of its investment banking
business, is continually engaged in the valuation of banking businesses and
their securities in connection with mergers and acquisitions, negotiated
underwritings, competitive biddings, secondary distributions of listed and
unlisted securities, private placements and valuations for estate, corporate
and other purposes. As specialists in the securities of banking companies,
Keefe Bruyette has experience in, and knowledge of, the valuation of banking
enterprises. In the ordinary course of its business as a broker-dealer, Keefe
Bruyette may, from time to

                                      23
<PAGE>

time, purchase securities from, and sell securities to, Gold Banc and as a
market maker in securities Keefe Bruyette may from time to time have a long or
short position in, and buy or sell, debt or equity securities of Gold Banc for
Keefe Bruyette's own account and for the accounts of its customers.

   Gold Banc and Keefe Bruyette have entered into a letter agreement dated
November 9, 1999 relating to the services to be provided by Keefe Bruyette in
connection with the merger. Gold Banc has agreed to pay Keefe Bruyette fees as
follows: $50,000 upon the mailing of the proxy statement/prospectus relating
to the merger and $50,000 upon consummation of the merger. Pursuant to the
Keefe Bruyette engagement agreement, Gold Banc also agreed to reimburse Keefe
Bruyette for reasonable out-of-pocket expenses and disbursements incurred in
connection with its retention and to indemnify Keefe Bruyette against certain
liabilities, including liabilities under the federal securities laws. Keefe
Bruyette has also served as financial advisor to First Business Bancshares in
connection with their pending merger with Gold Banc. Keefe Bruyette will also
receive an advisory fee from CountryBanc Holding Company in connection with
its pending merger with Gold Banc.

Operations and Management after the Merger

   At the effective time of the merger, the separate corporate existence of
American Bancshares will terminate as it merges into Gold Banc's acquisition
subsidiary, Gold Banc Acquisition Corporation XI. The Articles of
Incorporation and Bylaws of the acquisition subsidiary as in effect
immediately prior to the effective time shall be and remain the Articles of
Incorporation and Bylaws of the surviving corporation from and after the
effective time until amended as provided by law. The officers and directors of
Gold Banc's acquisition subsidiary will become the officers and directors of
the surviving corporation from and after the effective time of the merger. At
the effective time, American Bank will become an operating subsidiary of Gold
Banc's acquisition subsidiary.

   American Bank will receive assistance in bringing new methods and systems
to the bank. Gold Banc also expects to enhance the net interest margin and
non-interest income of American Bank by expanding the products and services
offered.

   Gold Banc will analyze American Bank's operations for potential
efficiencies. Gold Banc anticipates achieving operating cost savings through
the proposed consolidation and the elimination of redundant costs. While there
can be no assurances that operating cost savings will be realized or in what
fiscal period the savings will actually be recorded, plans are currently being
developed to realize operating cost savings. It is expected that the
annualized level of operating cost savings achieved will be realized unevenly
throughout the period of consolidation. The extent to which operating cost
savings will be achieved depends, among other things, on the regulatory
environment and economic conditions, and may be affected by unanticipated
changes in business activities.

   The board of directors of Gold Banc will consist of the seven present Gold
Banc directors. J. Gary Russ, the present Chairman of the Board of American
Bancshares, will be added to the board of directors. Mr. Russ is the principal
owner of Russ Citrus Groves, Ltd. and a 50% partner of Edwards-Russ Groves.

Federal Securities Laws Consequences

   The shares of Gold Banc to be issued pursuant to the merger have been
registered under the Securities Act of 1933. The provisions of Rule 145 under
the Securities Act allow such shares to be sold without restriction by
stockholders of American Bancshares who are not deemed to be "affiliates" (as
that term is defined in the rules under the Securities Act) of American
Bancshares and who do not become affiliates of Gold Banc. The shares of Gold
Banc common stock to be issued to affiliates of American Bancshares may be
resold only pursuant to an effective registration statement, pursuant to Rule
145 under the Securities Act, or in transactions otherwise exempt from
registration under the Securities Act.

                                      24
<PAGE>

Resale of Gold Banc Common Stock

   The shares of Gold Banc common stock issued pursuant to the merger will be
freely transferable under the Securities Act, except that shares received by
an affiliate of American Bancshares may not be resold except in transactions
permitted by Rule 145 or as otherwise permitted under the Securities Act. It
is a condition to the obligations of Gold Banc to consummate the merger that
American Bancshares shall deliver to Gold Banc an affiliate letter from each
affiliate in the form attached to the merger agreement. As of the date of the
merger agreement, American Bancshares has identified its affiliates as being
each of its directors and certain of its executive officers.

   An affiliate letter will constitute an agreement by each affiliate of
American Bancshares with Gold Banc to the effect that such affiliate: (a) will
not sell, transfer or otherwise dispose of any shares of Gold Banc common
stock issued to such a person in connection with the merger, except pursuant
to an effective registration statement or in compliance with Rule 145 or
another exemption from the registration requirements of the Securities Act,
and (b) has not made or will not make any disposition or other reduction of
such person's risk relative to any Gold Banc or American Bancshares stock
during the period commencing 30 days prior to the effective time of the merger
and ending at such time as the financial results covering at least 30 days of
post-merger combined operations have been published by Gold Banc. The
"affiliates" of Gold Banc also are subject to the restrictions referred to in
clause (a) during such risk-sharing period.

Fees And Expenses of the Merger

   Each party is responsible for its own expenses in connection with the
merger.

Accounting Treatment; Restrictions on Sales by Affiliates

   It is intended that the merger will qualify as a pooling of interests for
accounting and financial reporting purposes. Under this method of accounting,
the consolidated assets and liabilities of American Bancshares will be carried
forward to the consolidated financial statements of Gold Banc at their
recorded amounts and the consolidated earnings of American Bancshares will be
included in the earnings of Gold Banc.

   To ensure that the merger will qualify as a pooling of interests, each
person who is an "affiliate" (as defined in Rule 144 adopted under the
Securities Act) of American Bancshares at the time the merger agreement is
submitted for the approval of American Bancshares' stockholders will agree in
writing not to sell, pledge, transfer or otherwise dispose of, or reduce such
stockholder's risk relative to, any shares of Gold Banc common stock until
financial results covering at least 30 days of combined operations of Gold
Banc and American Bancshares have been published. Pursuant to the merger
agreement, Gold Banc has agreed to publish such results as soon as practicable
after the effective time of the merger.

Federal Income Tax Consequences

   The following discussion is based upon the provisions of the Internal
Revenue Code, the applicable regulations thereunder, judicial authority,
current administrative rulings and practice as of the date hereof and the
opinion to be provided by Stinson, Mag & Fizzell, P.C. The opinion of Stinson,
Mag & Fizzell, P.C. will be based upon certain assumptions and representations
by the management of each of American Bancshares and Gold Banc and by certain
holders of the outstanding American Bancshares common stock. A ruling from the
Internal Revenue Service concerning the tax consequences of the merger will
not be requested. The discussion also assumes that the shares of American
Bancshares common stock are held as capital assets. The following discussion
does not address the federal income tax consequences to special classes of
taxpayers including, without limitation, foreign corporations, tax exempt
entities and persons who acquired their American Bancshares common stock
pursuant to the exercise of an employee option or otherwise as compensation.

                                      25
<PAGE>

   In the opinion of Stinson, Mag & Fizzell, P.C., the merger will constitute
a reorganization within the meaning of Sections 368(a)(1)(A) and 368(a)(2)(D)
of the Internal Revenue Code. Consequently:

     1. No gain or loss will be recognized by the stockholders of American
  Bancshares who exchange all of their American Bancshares common stock
  solely for Gold Banc common stock pursuant to the merger. Gain or loss may
  be recognized by stockholders of American Bancshares with respect to cash
  received in lieu of a fractional share interest in Gold Banc common stock.

     2. The tax basis of Gold Banc common stock received by the stockholders
  of American Bancshares in the merger will equal the tax basis of American
  Bancshares common stock exchanged therefor, adjusted to reflect the impact
  of the payments of cash for fractional share interests in Gold Banc common
  stock.

     3. The holding period of Gold Banc common stock received by the
  stockholders of American Bancshares in the merger will include the holding
  period of American Bancshares common stock exchanged therefor.

   The federal income tax discussion set forth above is included for general
information only. Each American Bancshares stockholder should consult his or
her own tax advisor as to the specific tax consequences of the merger to him
or her, including the application and effect of federal, state and local and
other tax laws.

Interests of American Bancshares' Management and Directors in the Merger

   You should be aware that certain members of American Bancshares' management
and board of directors have certain interests in the merger that differ from,
and are in addition to, your interests generally. These interests, which are
described below, may present these individuals with potential conflicts of
interest. Gold Banc was aware of these interests and considered them, among
other matters, in adopting the merger agreement and approving the merger.

   Employee Stock Option Plans. Upon completion of the merger, each option to
acquire American Bancshares' common stock which is outstanding immediately
before completing the merger, whether or not vested or exercisable, will be
converted into and become rights with respect to Gold Banc common stock. Gold
Banc will assume each option to acquire American Bancshares common stock in
accordance with the terms of the stock option plan under which it was granted,
except that following the merger: (1) Gold Banc and its compensation committee
will be substituted for American Bancshares and its board of directors'
committee administering such plan, (2) each American Bancshares stock option
assumed by Gold Banc may be exercised solely for Gold Banc common stock, and
(3) the number of shares of Gold Banc common stock subject to the new stock
options, as well as the exercise price of those stock options, will be
adjusted to account for the conversion ratio in the merger.

   Continuation of Employee Benefits. American Bancshares' employees will be
eligible to participate in all Gold Banc employee benefit plans (as defined in
Sections 3(3) and 3(37) of ERISA) in accordance with their terms. Gold Banc
will recognize years of service by employees with American Bancshares in
determining eligibility and vesting of benefits. Gold Banc will maintain all
of American Bancshares' welfare plans (as defined in Section 3(1) of ERISA)
until Gold Banc determines it will terminate such plans.

   Employment Agreement Severance Payments from American Bancshares. Pursuant
to existing employment agreements between Stuart M. Gregory, David R. Mady and
John S. Nash (officers of the bank) and American Bank, if Mr. Gregory, Mr.
Mady or Mr. Nash resigns within one year of the completion of the merger, then
such officer is entitled to certain severance payments. Similarly, pursuant to
employment agreements between Brain M. Watterson and Jerry L. Neff (executive
officers of American Bank and American Bancshares) and American Bancshares,
entered into in May 1999, if Mr. Watterson or Mr. Neff resigns within one year
of the completion of the merger, then such officer is entitled to receive
certain severance payments.

                                      26
<PAGE>

   Under their employment agreements, each of Messrs. Gregory, Nash and
Watterson is entitled to payment equal to two times his annual base salary if
he resigns within 30 days of the consummation of the merger. In addition, if
any of these three officers resigns more than 30 days following the merger but
before one year following the merger, then each officer is entitled to receive
the same severance amount less the amount of annual base salary the officer
has earned up to the time of such resignation.

   Under Mr. Mady's employment agreement, he is entitled to payment equal to
his annual base salary if he resigns within 30 days of consummation of the
merger. In addition, if he resigns more than 30 days following the merger but
before one year following the merger, then he is entitled to receive his
annual base salary less the amount of annual base salary he has earned up to
the time of such resignation.

   Under Mr. Neff's employment agreement, he is entitled to payment equal to
three times his annual base salary if he resigns within 30 days of
consummation of the merger. In addition, if he resigns more than 30 days
following the merger but before one year following the merger, then he is
entitled to receive three times his annual base salary less the amount of
annual base salary he has earned up to the time of such resignation.

   Annual base salaries for Messrs. Neff, Gregory, Nash, Watterson and Mady
are $175,000, $140,000, $140,000 and $125,000, $85,000 respectively. Should
these gentlemen resign within 30 days following completion of the merger, the
total severance payment would be $1,420,000 under the employment agreements.

Dissenters' Rights

   Under the applicable Kansas and Florida law, neither Gold Banc stockholders
nor American Bancshares stockholders have dissenters' rights with respect to
the merger.

Conditions to the Merger

   The merger is conditioned upon the fulfillment prior to the closing of
certain conditions set forth in the merger agreement, including the following:

  . Approval of the merger agreement by the holders of a majority of all the
    outstanding shares of American Bancshares common stock;

  . Approval of the merger agreement by the holders of a majority of all
    shares of Gold Banc common stock voting at the Gold Banc stockholders'
    meeting;

  . The accuracy of the representations of Gold Banc, Gold Banc Acquisition
    Corporation XI and American Bancshares made in the merger agreement and
    the performance of their respective obligations thereunder;

  . The absence of a material adverse change since September 6, 1999 in Gold
    Banc and its subsidiaries, taken as a whole or in American Bancshares or
    its subsidiaries, taken as a whole;

  . On the closing date of the merger, the total equity capital of American
    Bank is not less than $37.75 million, the reserve for loan and lease loss
    of American Bank is not less than $4.7 million, the total equity capital
    of American Bancshares is not less than $27.2 million, the total
    indebtedness of American Bancshares (on a nonconsolidated basis) is not
    more than $16.75 million, the total equity capital of Freedom Finance
    Company is not less than $296,000, the reserve for loan and lease loss of
    Freedom Finance Company is not less than one and one-half percent (1.5%)
    of the aggregate amount of all its outstanding loans and the total
    indebtedness of Freedom Finance Company is not more than $3 million;

  . The receipt by Gold Banc from PricewaterhouseCoopers LLP, independent
    public accountants for American Bancshares of (1) a written calculation
    of all payments due current or former employees of American Bancshares or
    any of its subsidiaries in connection with the merger or upon the
    occurrence of a change in control of American Bancshares under their
    respective employment agreements, stock option plans, deferred
    compensation plans or otherwise, (2) certification that such calculation
    was completed in accordance with such agreements and plans and (3) an
    opinion that such payments will not constitute non-deductible "parachute
    payments" under Section 280G of the Internal Revenue Code;

                                      27
<PAGE>

  . The receipt by Gold Banc and American Bancshares of an opinion from
    Stinson, Mag & Fizzell, P.C. relating to certain tax matters;

  . The receipt by Gold Banc of certain tax representations from American
    Bancshares and holders of more than 10% of the outstanding American
    Bancshares common stock;

  . The receipt by Gold Banc of an opinion from Carlton, Fields, Ward,
    Emmanuel, Smith & Cutler, P.A. as to certain corporate matters regarding
    American Bancshares, American Bank and Freedom Finance Company including
    the opinion that after the consummation of the merger, the interest paid
    on subordinated debentures issued by American Bancshares to the ABI
    Capital Trust will be deductible by Gold Banc Acquisition Corporation XI,
    Inc. as interest payments for federal income tax purposes;

  . The receipt by American Bancshares of an opinion from Stinson, Mag &
    Fizzell P.C. as to certain corporate matters regarding Gold Banc and its
    acquisition subsidiary;

  . The receipt by Gold Banc of an opinion from PricewaterhouseCoopers LLP
    and KPMG, LLP that the transaction will qualify for pooling of interests
    accounting treatment;

  . The receipt by Gold Banc of an affiliate letter from each person who is
    an "affiliate" of American Bancshares and its subsidiaries at the time
    the merger agreement is submitted for approval of the stockholders of
    Gold Banc;

  . The absence of any pending or threatened litigation that could reasonably
    result in restraining, enjoining or prohibiting consummation of the
    merger;

  . The average closing sales price of Gold Banc common stock as reported by
    Nasdaq on the ten consecutive trading days immediately preceding the
    third trading day prior to the effective time of the merger is not less
    than $10.00 per share unless Gold Banc and American Bancshares have
    agreed to a mutually acceptable revised merger consideration pursuant to
    the merger agreement;

  . The Gold Banc common stock to be issued pursuant to the merger shall have
    been approved and authorized for quotation on Nasdaq upon official notice
    of issuance;

  . This registration statement shall have been declared effective, and no
    stop orders suspending the effectiveness of the registration statement
    shall have been issued, and no action, suit, proceeding or investigation
    by the Securities Exchange Commission to suspend the effectiveness
    thereof shall have been initiated and continuing, and all necessary
    consents under applicable blue sky or state securities laws or the
    Securities Act of 1933 or the Securities Exchange Act of 1934 relating to
    the issuance or trading of the Gold Banc common stock issuable pursuant
    to their merger shall have been received;

  . Gold Banc shall have delivered to American Stock Transfer and Trust Co.,
    at closing the Gold Banc common stock and cash in lieu of fractional
    shares deliverable to the holders of American Bancshares' common stock
    pursuant to the merger; and

  . The receipt of necessary regulatory approvals.

Regulatory Approval

   Pursuant to Section 3(a)(5) of the Bank Holding Company Act, the merger is
subject to the approval of the Federal Reserve System. Gold Banc filed on
November 12, 1999, an application for approval with the Federal Reserve Bank
of Kansas City, which approval was obtained on December 15. The merger also
required the approval of the Florida Department of Banking and Finance, which
approval was obtained on     . No other regulatory approvals are required in
order to consummate the merger.

Conduct of Business Pending the Merger

   Until either the merger is completed or the merger agreement is terminated,
Gold Banc, Gold Banc Acquisition Corporation XI, American Bancshares and its
subsidiaries have agreed to carry on their business in the usual, regular and
ordinary course in substantially the same manner as they conducted prior to
the execution of the merger agreement. American Bancshares has agreed to
certain limitations on their ability to engage in

                                      28
<PAGE>

material transactions. Among those limitations, American Bancshares and its
subsidiaries have agreed, subject to certain exceptions, to refrain from:

  . Amending its certificate of incorporation or bylaws;

  . Making any capital expenditure or entering into any material contract or
    commitment (except loan commitments) in excess of $25,000;

  . Making any single loan or commitment for a loan in an amount greater than
    $500,000;

  . Acquiring a substantial equity interest in or substantial portion of the
    assets in any business or entity that would be material;

  . Declare or pay any dividend or make any other distribution in respect of
    any capital stock or of other beneficial interest in American Bancshares
    or its subsidiaries, other than distributions in accordance with the
    trust instrument of ABI Capital Trust and any dividends from American
    Bank to American Bancshares to cover American Bancshares' expenses
    consistent with past practices;

  . Make no material acquisitions or distributions;

  . Incur or guaranty any debts outside of the ordinary course of business;
    or

  . Entering into, modifying, amending, renewing or terminating any material
    contract, agreement or lease for goods, services or office space.

No Solicitation

   The merger agreement provides that, unless and until the merger agreement
has been terminated, neither American Bancshares nor its subsidiaries will
directly or indirectly solicit or encourage or hold discussions or
negotiations with, or provide information to, any person in connection with
any proposal from any person relating to the transfer of all or a substantial
portion of the business, assets or stock of American Bancshares or its
subsidiaries, except that to the extent required by the fiduciary obligations
of the board of directors of American Bancshares, it may provide information
in response to an unsolicited request and participate in negotiations
regarding any such unsolicited proposal. American Bancshares is required to
promptly advise Gold Banc of the receipt of, and the substance of, any such
proposal or inquiry.

Waiver and Amendment

   Prior to or at the effective time of the merger, any provision of the
merger agreement, including, without limitation, the conditions to
consummation of the merger, may be (a) waived, to the extent permitted under
law, in writing by the party which is entitled to the benefits thereof; or (b)
amended at any time by written agreement of the parties, whether before or
after approval of the merger agreement by the stockholders of American
Bancshares and Gold Banc. However, no such amendment or modification may,
after the stockholder approval, alter the amount or change the form of the
consideration or alter or change any of the terms of the merger agreement if
such alteration or change would adversely affect the holders of American
Bancshares' common stock. It is anticipated that a condition to consummate the
merger would be waived only in those circumstances where the boards of
directors of American Bancshares and Gold Banc, as the case may be, deem such
waiver to be in the best interests of American Bancshares and Gold Banc and
their respective stockholders.

Termination of the Merger Agreement

   The merger agreement and the merger may be terminated at any time prior to
the closing date, provided that the terminating party is not then in material
breach of the merger agreement, by:

     (a) The mutual consent of Gold Banc, its acquisition subsidiary and
  American Bancshares;

     (b) Gold Banc or American Bancshares if the merger has not been
  consummated by March 31, 2000, unless Gold Banc and American Bancshares
  agree to extend the deadline;

                                      29
<PAGE>

     (c) Gold Banc, if any regulatory approval shall be denied or if any such
  regulatory approval shall be conditioned or restricted in any manner which
  would materially adversely affect the operations of or would be unduly
  burdensome to Gold Banc;

     (d) Gold Banc or American Bancshares (1) any of the conditions precedent
  to the merger have not been satisfied or waived in writing; (2) any
  material breach or default shall be made and not cured within 30 days of
  the notice of the breach or the closing date, whichever is earlier; and (3)
  there exists any material inaccuracy, misrepresentation or breach of a
  representation of warranty made by the other party that has not been waived
  in writing;

     (e) American Bancshares if it receives an unsolicited acquisition
  proposal from another party that the American Bancshares board of directors
  believes is superior to the merger;

     (f) Gold Banc if American Bancshares enters into an agreement to be
  acquired by another party or if American Bancshares board of directors or a
  committee of the board of directors approves such a transaction to be
  acquired;

     (g) Gold Banc or American Bancshares if the stockholders of Gold Banc or
  American Bancshares fail to vote their approval of the merger or the merger
  agreement as required under Florida law, Kansas law and Rule 4460 of the
  National Association of Securities Dealers' rules of issuers under Nasdaq;
  or

     (h) American Bancshares, if the average closing sales price of Gold Banc
  common stock as reported by Nasdaq on the ten consecutive trading days
  ending on the day immediately preceding the special meeting is less than
  $10.00 per share and the board of directors of American Bancshares
  determines, by a vote of a majority of the entire board, at any time during
  the period commencing on the sixth day and ending on the tenth day
  following the later to occur of the effective date of the last regulatory
  approval or the date on which the stockholders of both Gold Banc and
  American Bancshares have approved the merger and the merger agreement, vote
  to terminate the merger agreement; provided, however, that before
  exercising this right to terminate the board of directors of American
  Bancshares shall have made a good faith attempt to negotiate a revised
  merger consideration.

   If the merger agreement is terminated for the reasons described in clauses
(e) or (f) above, American Bancshares must pay Gold Banc a termination fee of
$3 million.

Effective Time

   It is presently anticipated that the effective time of the merger will
occur some time during the first quarter of 2000, but no assurance can be
given to that effect.

                                      30
<PAGE>

                   UNAUDITED PRO FORMA FINANCIAL STATEMENTS
           GOLD BANC CORPORATION, INC. AND AMERICAN BANCSHARES, INC.

   The following unaudited pro forma consolidated financial statements combine
the historical consolidated balance sheets and statements of earnings of Gold
Banc and American Bancshares giving effect to the merger using the pooling of
interests method of accounting for a business combination.

   We are providing the following information to aid you in your analysis of
the financial aspects of the merger. We derived this information from the
financial statements of Gold Banc for the interim periods ended September 30,
1999 and 1998 and for the years ended December 31, 1998, 1997 and 1996 and
from the financial statements of American Bancshares for the interim periods
ended September 30, 1999 and 1998 and for the years ended December 31, 1998,
1997 and 1996. The information is only a summary and you should read it in
conjunction with our historical financial statements and related notes
contained in the annual reports and other information that we have filed with
the SEC and incorporated by reference. See "Where You Can Find More
Information" on page 78.

   The unaudited pro forma consolidated statements of earnings for the interim
periods ended September 30, 1999 and 1998 and for the years ended December 31,
1998, 1997 and 1996 assume the merger was effected on January 1, 1996. The
unaudited pro forma consolidated balance sheets give effect to the merger as
if it had occurred on September 30, 1999 and December 31, 1998. The accounting
policies of Gold Banc and American Bancshares are substantially comparable.

   The unaudited pro forma combined financial information is for illustrative
purposes only and may not be indicative of the historical results that would
have been achieved had the companies always been combined or the future
results that the combined company will experience after the merger.

                                      31
<PAGE>

           GOLD BANC CORPORATION, INC. AND AMERICAN BANCSHARES, INC.
                Unaudited Pro Forma Consolidated Balance Sheets

                              September 30, 1999

<TABLE>
<CAPTION>
                                             American
                                Gold Banc   Bancshares  Dr       Cr       Pro Forma
                                ----------  ---------- -----    -----    -----------
                                               (In thousands)
<S>                             <C>         <C>        <C>      <C>      <C>
            Assets
            ------
Cash and due from banks.......  $   39,935    17,357            4,800(2) $    52,492
Federal funds sold and
 interest-bearing deposits....      21,255        43                          21,298
                                ----------   -------                     -----------
   Total cash and cash
    equivalents ..............      61,190    17,400                          73,790
                                ----------   -------                     -----------
Investment securities
  Held-to-maturity............          25       --                               25
  Available-for-sale..........     257,593    71,340                         328,933
  Trading securities..........       4,873       --                            4,873
                                ----------   -------                     -----------
   Total investment
    securities................     262,491    71,340                         333,831
                                ----------   -------                     -----------
Mortgage and student loans
 held for sale, net...........      50,506   102,220                         152,726
Loans, net....................     806,930   257,467                       1,064,397
Premises and equipment, net...      31,415    12,682                          44,097
Goodwill, net.................      29,383        70                          29,453
Accrued interest and other
 assets.......................      36,747    10,280                          47,027
                                ----------   -------                     -----------
   Total assets...............  $1,278,662   471,459                     $ 1,745,321
                                ==========   =======                     ===========
<CAPTION>
 Liabilities and Stockholders'
            Equity
 -----------------------------
<S>                             <C>         <C>        <C>      <C>      <C>
Liabilities:
  Deposits....................  $  967,295   352,138                     $ 1,319,433
  Securities sold under
   agreements to repurchase...      61,176    29,195                          90,371
  Federal funds purchased and
   other short-term
   borrowings.................      20,625    17,150                          37,775
  Guaranteed preferred
   beneficial interests in
   Company's debentures.......      66,300    16,249                          82,549
  Long-term debt..............      62,640    26,000                          88,640
  Accrued interest and other
   liabilities................      10,336     3,734   1,200(2)               12,870
                                ----------   -------                     -----------
   Total liabilities..........   1,188,372   444,466                       1,631,638
                                ----------   -------                     -----------
Minority interests............         --        --                              --
Stockholders' equity:
  Preferred stock, no par
   value; 50,000,000 shares
   authorized; no shares
   issued at September 30,
   1999.......................         --        --                              --
  Common stock, $1 par value;
   50,000,000 shares
   authorized; 17,181,618
   shares issued and
   outstanding at September
   30, 1999 (24,501,008 pro
   forma) ....................      17,182     5,913   5,913(1) 7,319(1)      24,501
  Additional paid-in capital..      29,200    15,716   1,406(1)               43,510
  Retained earnings...........      46,386     7,819   3,600(2)               50,605
  Accumulated comprehensive
   income (loss), net.........      (2,281)   (2,455)                         (4,736)
  Unearned compensation.......        (197)      --                             (197)
                                ----------   -------                     -----------
   Total stockholders' equity.      90,290    26,993                         113,683
                                ----------   -------                     -----------
     Total liabilities and
      stockholders' equity ...  $1,278,662   471,459                     $ 1,745,321
                                ==========   =======                     ===========
</TABLE>
- --------
(1) Entry to reflect merger of American Bancshares, Inc. through exchange of
    stock. Exchange ratio used: 1.4544 to one.
(2) Gold Banc and American Bancshares estimate they will incur direct
    transaction costs of approximately $4.8 million associated with the
    merger. These costs consist primarily of investment banking, legal,
    accounting, printing, severance payments and operational consolidation
    costs. The unaudited pro forma combined balance sheet reflects such
    expenses as if they had been paid as of September 30, 1999. Pro forma net
    earnings and earnings per share do not reflect these one-time transaction
    costs.

                                      32
<PAGE>

           GOLD BANC CORPORATION, INC. AND AMERICAN BANCSHARES, INC.
                Unaudited Pro Forma Consolidated Balance Sheets

                               December 31, 1998

<TABLE>
<CAPTION>
                                         American
                            Gold Banc   Bancshares  Dr       Cr      Pro Forma
                            ----------  ---------- -----    -----    ----------
                                           (In thousands)
<S>                         <C>         <C>        <C>      <C>      <C>
          Assets
          ------
Cash and due from banks...  $   36,305    20,319                     $   56,624
Federal funds sold and
 interest-bearing
 deposits.................      62,798       --                          62,798
                            ----------   -------                     ----------
   Total cash and cash
    equivalents...........      99,103    20,319                        119,422
                            ----------   -------                     ----------
Investment securities
  Held-to-maturity........          63       --                              63
  Available-for-sale......     255,606    77,078                        302,684
  Trading securities......       3,851       --                           3,851
                            ----------   -------                     ----------
   Total investment
    securities............     229,520    77,078                        306,598
                            ----------   -------                     ----------
Mortgage and student loans
 held for sale, net ......       5,425    88,158                         93,583
Loans, net................     717,939   248,808                        966,747
Premises and equipment,
 net......................      26,183    12,894                         39,077
Goodwill, net.............      13,328        74                         13,402
Accrued interest and other
 assets...................      19,858     7,833                         27,691
                            ----------   -------                     ----------
     Total assets.........  $1,111,356   455,164                     $1,566,520
                            ==========   =======                     ==========
     Liabilities and
   Stockholders' Equity
   ---------------------
Liabilities:
  Deposits................  $  926,687   344,845                     $1,271,532
  Securities sold under
   agreements to
   repurchase.............       6,644    29,592                         36,236
  Federal funds purchased
   and other short-term
   borrowings.............       7,568     8,900                         16,468
  Guaranteed preferred
   beneficial interests in
   Company's debentures...      28,750    16,249                         44,999
  Long-term debt..........      49,958    26,000                         75,958
  Accrued interest and
   other liabilities......       7,938     2,151                         10,089
                            ----------   -------                     ----------
   Total liabilities......   1,027,545   427,737                      1,455,282
                            ----------   -------                     ----------
Minority interests........         --        --                             --
Stockholders' equity:
  Preferred stock, no par
   value; 50,000,000
   shares authorized; no
   shares issued at
   December 31, 1998 .....         --        --                             --
  Common stock, $1 par
   value; 50,000,000
   shares authorized;
   17,181,618 shares
   issued and outstanding
   at December 31, 1998
   (24,446,323 pro forma).      17,182     5,870   5,870(1) 7,265(1)     24,447
  Additional paid-in
   capital................      29,200    15,551   1,395(1)              43,356
  Retained earnings.......      37,235     6,149                         43,384
  Accumulated
   comprehensive income
   (loss), net............         391      (143)                           248
  Unearned compensation...        (197)      --                            (197)
                            ----------   -------                     ----------
   Total stockholders'
    equity................      83,811    27,427                        111,238
                            ----------   -------                     ----------
     Total liabilities and
      stockholders'
      equity..............  $1,111,356   455,164                     $1,566,520
                            ==========   =======                     ==========
</TABLE>
- --------
(1) Entry to reflect merger of American Bancshares, Inc. through exchange of
    stock. Exchange ratio used: 1.4544 to one.

                                       33
<PAGE>

           GOLD BANC CORPORATION, INC. AND AMERICAN BANCSHARES, INC.
            Unaudited Pro Forma Consolidated Statements of Earnings
                               September 30, 1999

<TABLE>
<CAPTION>
                                                            American
                                                Gold Banc  Bancshares Pro Forma
                                                ---------  ---------- ---------
                                                (In thousands except per share
                                                            data)
<S>                                             <C>        <C>        <C>
Interest income:
  Loans, including fees.......................  $ 52,616     22,272   $ 74,888
  Investment securities.......................    10,315      3,681     13,996
  Other.......................................     2,284         47      2,331
                                                --------     ------   --------
                                                  65,215     26,000     91,215
                                                --------     ------   --------
Interest expense:
  Deposits....................................    28,558      9,751     38,309
  Borrowings and other........................     6,461      3,580     10,041
                                                --------     ------   --------
                                                  35,019     13,331     48,350
                                                --------     ------   --------
Net interest income...........................    30,196     12,669     42,865
Provision for loan losses.....................     1,301      1,203      2,504
                                                --------     ------   --------
  Net interest income after provisions for
   loan losses................................    28,895     11,466     40,361
Other income:
  Service fees................................     3,031      2,102      5,133
  Investment trading fees and commissions.....     2,556        --       2,556
  Net gains on sale of mortgage loans.........     1,559        825      2,384
  Net securities gains........................       170         28        198
  Unrealized gains (losses) on trading
   securities.................................       (22)       --         (22)
  Gain (loss) on sale of assets...............        23        206        229
  Other income................................     5,171      1,447      6,618
                                                --------     ------   --------
                                                  12,488      4,608     17,096
                                                --------     ------   --------
Other expense:
  Salaries and employee benefits..............    13,783      6,124     19,907
  Net occupancy expense.......................     4,323      1,916      6,239
  Outside services............................     1,545        574      2,119
  Data processing.............................     1,238        674      1,912
  Advertising.................................       686        206        892
  Goodwill amortization.......................       721          4        725
  Other expense...............................     3,950      3,945      7,895
                                                --------     ------   --------
                                                  26,246     13,443     39,689
                                                --------     ------   --------
Earnings before income taxes..................    15,137      2,631     17,768
Income tax expense............................     4,945        961      5,906
                                                --------     ------   --------
Net earnings..................................  $ 10,192      1,670   $ 11,862
                                                ========     ======   ========
Earnings per share-basic......................  $   0.59       0.33   $   0.48
                                                ========     ======   ========
Earnings per share-diluted....................  $   0.59       0.33   $   0.48
                                                ========     ======   ========
Weighted average shares outstanding (basic)...    17,182      5,024     24,488(1)
                                                ========     ======   ========
Weighted average shares outstanding (diluted).    17,244      5,031     24,613(1)
                                                ========     ======   ========
</TABLE>
- --------
(1) Reflects merger of American Bancshares through exchange of stock. Exchange
    ratio used: 1.4544 to one.

                                       34
<PAGE>

           GOLD BANC CORPORATION, INC. AND AMERICAN BANCSHARES, INC.
            Unaudited Pro Forma Consolidated Statements of Earnings
                               September 30, 1998

<TABLE>
<CAPTION>
                                                           American
                                                Gold Banc Bancshares Pro Forma
                                                --------- ---------- ---------
                                                (In thousands except per share
                                                            data)
<S>                                             <C>       <C>        <C>
Interest income:
  Loans, including fees.......................   $44,309    19,136    $63,445
  Investment securities.......................     8,287     3,488     11,775
  Other.......................................     1,977       200      2,177
                                                 -------    ------    -------
                                                  54,573    22,824     77,397
                                                 -------    ------    -------
Interest expense:
  Deposits....................................    25,289     9,823     35,112
  Borrowings and other........................     3,271     1,962      5,233
                                                 -------    ------    -------
                                                  28,560    11,785     40,345
                                                 -------    ------    -------
Net interest income...........................    26,013    11,039     37,052
Provision for loan losses.....................     1,801       429      2,230
                                                 -------    ------    -------
  Net interest income after provisions for
   loan losses ...............................    24,212    10,610     34,822
                                                 -------    ------    -------
Other income:
  Service fees................................     2,275     1,352      3,627
  Investment trading fees and commissions.....     2,177       --       2,177
  Net gains on sale of mortgage loans.........       769     1,036      1,805
  Net securities gains........................        92       186        278
  Unrealized gains (losses) on trading
   securities.................................      (367)      --        (367)
  Gain (loss) on sale of assets...............       (10)       87         77
  Other income................................     1,054     1,092      2,146
                                                 -------    ------    -------
                                                   5,990     3,753      9,743
                                                 -------    ------    -------
Other expense:
  Salaries and employee benefits..............     9,272     5,131     14,403
  Net occupancy...............................     2,743     1,376      4,119
  Outside services............................     1,427     1,055      2,482
  Data processing.............................       417       707      1,124
  Advertising.................................       488       224        712
  Goodwill amortization.......................       300         4        304
  Other expense...............................     3,544     3,969      7,513
                                                 -------    ------    -------
                                                  18,191    12,466     30,657
                                                 -------    ------    -------
Earnings before income taxes..................    12,011     1,897     13,908
Income tax expense............................     2,105       664      2,769
                                                 -------    ------    -------
Net earnings..................................   $ 9,906     1,233    $11,139
                                                 =======    ======    =======
Earnings per share-basic......................   $  0.60      0.25    $  0.47
                                                 =======    ======    =======
Earnings per share-diluted....................   $  0.60      0.25    $  0.47
                                                 =======    ======    =======
Pro forma net earnings and earnings per share
 data (2):
  Earnings before income taxes................   $12,011     1,897    $13,908
  Pro forma income tax expense................     3,887       664      4,551
                                                 -------    ------    -------
  Pro forma net earnings......................   $ 8,124     1,233    $ 9,357
                                                 =======    ======    =======
Pro forma earnings per common share-basic.....   $  0.49      0.25    $  0.39
                                                 =======    ======    =======
Pro forma earnings per common share-diluted...   $  0.49      0.25    $  0.39
                                                 =======    ======    =======
Weighted average shares outstanding (basic)...    16,458     4,995     23,722(1)
                                                 =======    ======    =======
Weighted average shares outstanding (diluted).    16,600     5,022     23,877(1)
                                                 =======    ======    =======
</TABLE>
- --------
(1) Reflects merger of American Bancshares through exchange of stock. Exchange
    ratio used: 1.4544 to one.
(2) Citizens Bank of Tulsa (Citizens) was acquired by Gold Banc in a pooling of
    interests transaction in December 1998 and was taxed as a Subchapter S
    corporation for 1997 and 1998. As a Subchapter S corporation, Citizens was
    not subject to federal income taxes; rather such income was included in the
    taxable income of stockholders. The 1998 and 1997 data has been adjusted to
    include pro forma tax expense, net earnings and net earnings per share as
    if Citizens had not been a Subchapter S corporation.

                                       35
<PAGE>

           GOLD BANC CORPORATION, INC. AND AMERICAN BANCSHARES, INC.
            Unaudited Pro Forma Consolidated Statements of Earnings
                               December 31, 1998

<TABLE>
<CAPTION>
                                                          American
                                              Gold Banc  Bancshares Pro Forma
                                              ---------  ---------- ---------
                                              (In thousands except per share
                                                          data)
<S>                                           <C>        <C>        <C>
Interest income:
 Loans, including fees......................  $ 61,017     26,250   $ 87,267
 Investment securities......................    11,110      4,670     15,780
 Other......................................     3,069        265      3,334
                                              --------     ------   --------
                                                75,196     31,185    106,381
                                              --------     ------   --------
Interest expense:
 Deposits...................................    34,931     13,142     48,073
 Borrowings and other.......................     4,657      3,030      7,687
                                              --------     ------   --------
                                                39,588     16,172     55,760
                                              --------     ------   --------
Net interest income.........................    35,608     15,013     50,621
Provision for loan losses...................     2,781      1,180      3,961
                                              --------     ------   --------
 Net interest income after provisions for
  loan losses...............................    32,827     13,833     46,660
                                              --------     ------   --------
Other income:
 Service fees...............................     3,275      1,878      5,153
 Investment trading fees and commissions....     3,265        --       3,265
 Net gains on sale of mortgage loans........     1,106      1,321      2,427
 Net securities gains.......................        94        410        504
 Unrealized gains (losses) on trading
  securities................................      (399)       --        (399)
 Gain (loss) on sale of assets..............       (85)       --         (85)
 Other income...............................     1,522      1,636      3,158
                                              --------     ------   --------
                                                 8,778      5,245     14,023
                                              --------     ------   --------
Other expense:
 Salaries and employee benefits.............    13,307      7,015     20,322
 Net occupancy..............................     3,023      1,953      4,976
 Outside services...........................     3,065        634      3,699
 Data processing............................     1,115        946      2,061
 Advertising................................     1,124        487      1,611
 Goodwill amortization......................       103          5        108
 Other expense..............................     6,342      5,534     11,876
                                              --------     ------   --------
                                                28,079     16,574     44,653
                                              --------     ------   --------
Earnings before income taxes................    13,526      2,504     16,030
Income tax expense..........................     1,607        877      2,484
                                              --------     ------   --------
Net earnings................................  $ 11,919      1,627   $ 13,546
                                              ========     ======   ========
Earnings per share--basic...................  $   0.71       0.33   $   0.57
                                              ========     ======   ========
Earnings per share--diluted.................  $   0.71       0.32   $   0.56
                                              ========     ======   ========
Pro forma net earnings and earnings per
 share data (2):
 Earnings before income taxes...............  $ 13,526      2,504   $ 16,030
 Pro forma income tax expense...............     4,404        877      5,281
                                              --------     ------   --------
 Pro forma net earnings.....................  $  9,122      1,627   $ 10,749
                                              ========     ======   ========
Pro forma earnings per common share--basic..  $   0.55       0.33   $   0.45
                                              ========     ======   ========
Pro forma earnings per common share--
 diluted....................................  $   0.55       0.32   $   0.45
                                              ========     ======   ========
Weighted average shares outstanding (basic).    16,566      4,995     23,830(1)
                                              ========     ======   ========
Weighted average shares outstanding
 (diluted)..................................    16,707      5,019     24,033(1)
                                              ========     ======   ========
</TABLE>
- --------
(1) Reflects merger of American Bancshares through exchange of stock. Exchange
    ratio used: 1.4544 to one.
(2) Citizens Bank of Tulsa (Citizens) was acquired by Gold Banc in a pooling of
    interests transaction December 1998 and was taxed as a Subchapter S
    corporation for 1997 and 1998. As a Subchapter S corporation, Citizens was
    not subject to federal income taxes; rather such income was included in the
    taxable income of stockholders. The 1998 and 1997 data has been adjusted to
    include pro forma tax expense, net earnings and net earnings per share as
    if Citizens had not been a Subchapter S corporation.

                                       36
<PAGE>

           GOLD BANC CORPORATION, INC. AND AMERICAN BANCSHARES, INC.
            Unaudited Pro Forma Consolidated Statements of Earnings
                               December 31, 1997

<TABLE>
<CAPTION>
                                                          American    Pro
                                               Gold Banc Bancshares  Forma
                                               --------- ---------- --------
                                                 (In thousands except per
                                                        share data)
<S>                                            <C>       <C>        <C>
Interest income:
 Loans, including fees.......................  $ 44,977    20,101   $ 65,078
 Investment securities.......................     8,767     3,996     12,763
 Other ......................................       787       534      2,321
                                               --------    ------   --------
                                                 55,531    24,631     80,162
                                               --------    ------   --------
Interest expense:
 Deposits....................................    26,175    11,905     38,080
 Borrowings and other........................     1,800     1,012      2,812
                                               --------    ------   --------
                                                 27,975    12,917     40,892
                                               --------    ------   --------
Net interest income..........................    27,556    11,714     39,270
Provision for loan losses....................     2,130       921      3,051
                                               --------    ------   --------
 Net interest income after provisions for
  loan losses................................    25,426    10,793     36,219
                                               --------    ------   --------
Other income:
 Service fees................................     2,446     1,812      4,258
 Investment trading fees and commissions.....       --        --         --
 Net gains on sale of mortgage loans.........       679       870      1,549
 Net securities gains........................       116       140        256
 Unrealized gains (losses) on trading
  securities.................................       229       --         229
 Gain (loss) on sale of assets...............       203       --         203
 Other income................................     1,080     1,334      2,414
                                               --------    ------   --------
                                                  4,753     4,156      8,909
                                               --------    ------   --------
Other expense:
 Salaries and employee benefits..............     8,884     5,181     14,065
 Net occupancy...............................     2,145     1,627      3,772
 Outside services............................     1,340       534      1,874
 Data processing.............................       677       917      1,594
 Advertising.................................       728       307      1,035
 Goodwill amortization.......................        95         4         99
 Other expense...............................     3,609     3,342      6,951
                                               --------    ------   --------
                                                 17,478    11,912     29,390
                                               --------    ------   --------
Earnings before income taxes.................    12,701     3,037     15,738
Income tax expense...........................     2,827     1,117      3,944
                                               --------    ------   --------
Net earnings.................................  $  9,874     1,920   $ 11,794
                                               ========    ======   ========
Earnings per share-basic.....................  $   0.64      0.38   $   0.52
                                               ========    ======   ========
Earnings per share-diluted...................  $   0.64      0.38   $   0.52
                                               ========    ======   ========
Pro forma net earnings and earnings per share
 data (2):
 Earnings before income taxes................  $ 12,701     3,037   $ 15,738
 Pro forma income tax expense................     4,406     1,117      5,523
                                               --------    ------   --------
 Pro forma net earnings......................  $  8,295     1,920   $ 10,215
                                               ========    ======   ========
Pro forma earnings per common share-basic....  $   0.54      0.38   $   0.45
                                               ========    ======   ========
Pro forma earnings per common share-diluted..  $   0.54      0.38   $   0.45
                                               ========    ======   ========
Weighted average shares outstanding (basic)..    15,482     4,988     22,737(1)
                                               ========    ======   ========
Weighted average shares outstanding
 (diluted)...................................    15,522     5,019     22,790(1)
                                               ========    ======   ========
</TABLE>
- --------
(1) Reflects merger of American Bancshares through exchange of stock. Exchange
    ratio used: 1.4544 to one.
(2) Citizens Bank of Tulsa (Citizens) was acquired by Gold Banc in a pooling of
    interests transaction in December 1998 and was taxed as a Subchapter S
    corporation for 1997 and 1998. As a Subchapter S corporation, Citizens was
    not subject to federal income taxes; rather such income was included in the
    taxable income of stockholders. The 1998 and 1997 data has been adjusted to
    include pro forma tax expense, net earnings and net earnings per share as
    if Citizens had not been a Subchapter S corporation.

                                       37
<PAGE>

           GOLD BANC CORPORATION, INC. AND AMERICAN BANCSHARES, INC.
            Unaudited Pro Forma Consolidated Statements of Earnings

                               December 31, 1996

<TABLE>
<CAPTION>
                                                           American
                                                Gold Banc Bancshares Pro Forma
                                                --------- ---------- ---------
                                                (In thousands except per share
                                                            data)
<S>                                             <C>       <C>        <C>
Interest income:
 Loans, including fees........................   $34,674    16,150    $50,824
 Investment securities........................     8,777     2,945     11,722
 Other........................................     1,201       336      1,537
                                                 -------    ------    -------
                                                  44,652    19,431     64,083
                                                 -------    ------    -------
Interest expense:
 Deposits.....................................    22,336     9,475     31,811
 Borrowings and other.........................     1,946       490      2,436
                                                 -------    ------    -------
                                                  24,282     9,965     34,247
                                                 -------    ------    -------
Net interest income...........................    20,370     9,466     29,836
Provision for loan losses.....................     1,262       515      1,777
                                                 -------    ------    -------
 Net interest income after provisions for loan
  losses......................................    19,108     8,951     28,059
                                                 -------    ------    -------
Other income:
 Service fees.................................     1,982     1,192      3,174
 Investment trading fees and commissions......       --        --         --
 Net gains on sale of mortgage loans..........     1,128       514      1,642
 Net securities gains.........................       --        107        107
 Unrealized gains (losses) on trading
  securities..................................       --        --         --
 Gain (loss) on sale of assets................       297       --         297
 Other income.................................       772       335      1,107
                                                 -------    ------    -------
                                                   4,179     2,148      6,327
                                                 -------    ------    -------
Other expenses:
 Salaries and employee benefits...............     8,301     4,361     12,662
 Net occupancy................................     1,571     1,184      2,755
 Outside services.............................     1,000       244      1,244
 Data processing..............................       633       925      1,558
 Advertising..................................       549       351        900
 Goodwill amortization........................       551       --         551
 Other expense................................     3,442     2,791      6,233
                                                 -------    ------    -------
                                                  16,047     9,856     25,903
                                                 -------    ------    -------
Earnings before income taxes..................     7,240     1,243      8,483
Income tax expense............................     2,334       461      2,795
                                                 -------    ------    -------
Net earnings before extraordinary item........     4,906       782      5,688
Extraordinary item............................       --        --         --
                                                 -------    ------    -------
Net earnings..................................   $ 4,906       782    $ 5,688
                                                 =======    ======    =======
Earnings per share-basic, before extraordinary
 item.........................................   $  0.45      0.17    $  0.32
                                                 =======    ======    =======
Extraordinary item, net.......................   $   --        --     $   --
                                                 =======    ======    =======
Earnings per share-basic......................   $  0.45      0.17    $  0.32
                                                 =======    ======    =======
Earnings per share-diluted, before
 extraordinary item...........................   $  0.45      0.17    $  0.32
                                                 =======    ======    =======
Extraordinary item, net.......................   $   --        --     $   --
                                                 =======    ======    =======
Earnings per share-diluted....................   $  0.45      0.17    $  0.32
                                                 =======    ======    =======
Weighted average shares outstanding (basic)...    11,237     4,638     17,982(1)
                                                 =======    ======    =======
Weighted average shares outstanding (diluted).    11,237     4,692     17,982(1)
                                                 =======    ======    =======
</TABLE>
- --------
(1) Reflects merger of American Bancshares through exchange of stock. Exchange
    ratio used: 1.4544 to one.

                                       38
<PAGE>

                   UNAUDITED PRO FORMA FINANCIAL STATEMENTS
   Gold Banc Corporation, Inc., Union Bankshares, Ltd., American Bancshares,
                                     Inc.,
CountryBanc Holding Company and First Business Bancshares of Kansas City, Inc.

   The following unaudited pro forma consolidated financial statements combine
the historical consolidated balance sheets and statements of earnings of Gold
Banc, Union Bankshares, American Bancshares, CountryBanc and First Business
Bancshares giving effect to the merger and the acquisition of these entities
using the pooling of interests method of accounting for a business
combination.

   We are providing the following information to aid you in your analysis of
the financial aspects of the mergers. We derived this information from the
financial statements of Gold Banc for the interim periods ended September 30,
1999 and 1998 and for the years ended December 31, 1998, 1997 and 1996 and
from the financial statements Union Bankshares, American Bancshares,
CountryBanc and First Business Bancshares for the interim periods ended
September 30, 1999 and 1998 and for the years ended December 31, 1998, 1997
and 1996. The information is only a summary and you should read it in
conjunction with Gold Banc's historical financial statements and related notes
contained in the annual reports and other information that we have filed with
the SEC and incorporated by reference. See "Where You Can Find More
Information" on page 78.

   The unaudited pro forma consolidated statements of earnings for the interim
periods ended September 30, 1999 and 1998 and for the years ended December 31,
1998, 1997 and 1996 assume the mergers were effected on January 1, 1996. The
unaudited pro forma consolidated balance sheets give effect to the mergers as
if they had occurred on September 30, 1999 and December 31, 1998. The
accounting policies of Gold Banc, Union Bankshares, American Bancshares,
CountryBanc and First Business Bancshares are substantially comparable.

   The pro forma data does not reflect the results of operations and financial
position of DSP Investments, Limited for the periods presented. As of
September 30, 1999 DSP Investments, Limited had total assets of $53.2 million,
total deposits of $35.6 million, total equity of $4.2 million and year to date
consolidated net earnings of $420,000. This acquisition will be accounted for
as a purchase and its results of operations and financial position are
immaterial to the combined group.

   The unaudited pro forma combined financial information is for illustrative
purposes only and may not be indicative of the historical results that would
have been achieved had the companies always been combined or the future
results that the combined company will experience after the mergers.

                                      39
<PAGE>

Gold Banc Corporation, Inc., Union Bankshares, Ltd., American Bancshares, Inc.,
 CountryBanc Holding Company and First Business Bancshares of Kansas City, Inc.

                Unaudited Pro Forma Consolidated Balance Sheets
                               September 30, 1999

<TABLE>
<CAPTION>
                                                 Gold Banc
                                                    and                                    First
                                                  American     Union                      Business   Adjustments
                                                 Bancshares  Bankshares  CountryBanc(4)  Bancshares    Dr (Cr)
                                                 ----------  ----------  --------------  ----------  -----------
                                                                             (In thousands)
<S>                                              <C>         <C>         <C>             <C>         <C>
                    Assets
                    ------
Cash and due from banks.......................   $   52,492      14,528          12,567       1,987    (13,600)(5)
Federal funds sold and interest-bearing
 deposits.....................................       21,298       7,200           4,667         --
                                                 ----------     -------         -------     -------
   Total cash and cash equivalents............       73,790      21,728          17,234       1,987
                                                 ----------     -------         -------     -------
Investment securities:
 Held-to-maturity.............................           25      34,045           8,317         --     (42,362)(6)
 Available-for-sale...........................      328,933     113,677         107,653      10,138     41,903 (6)
 Trading securities...........................        4,873         --              --          --
                                                 ----------     -------         -------     -------
   Total investment securities................      333,831     147,722         115,970      10,138
                                                 ----------     -------         -------     -------
Mortgage and student loans held for sale, net.      152,726         --              --          --
Loans, net....................................    1,064,397     166,440         360,170     109,880
Premises and equipment, net...................       44,097       3,245          15,438       1,113
Goodwill, net.................................       29,453       6,765          10,798         --       2,741 (2)
Accrued interest and other assets.............       47,027       5,988          10,631       2,000
                                                 ----------     -------         -------     -------
     Total assets.............................   $1,745,321     351,888         530,241     125,118
                                                 ==========     =======         =======     =======
     Liabilities and Stockholders' Equity
     ------------------------------------
Liabilities:
 Deposits.....................................   $1,319,433     292,159         455,532     105,003
 Securities sold under agreements to
  repurchase..................................       90,371         --              --        4,638
 Federal funds purchased and other short-term
  borrowings..................................       37,775      28,600           3,603       2,100
 Guaranteed preferred beneficial interests in
  Company's debentures........................       82,549      10,304             --          --
 Long-term debt...............................       88,640         --           15,090       4,008        770 (3)
 Accrued interest and other liabilities.......       12,870       1,314           5,985         810      2,975 (5)(6)
                                                 ----------     -------         -------     -------
   Total liabilities..........................    1,631,638     332,377         480,210     116,559
                                                 ----------     -------         -------     -------
Minority interests............................          --          --              --        1,430      1,430 (2)
Stockholders' equity:
 Preferred stock, no par value; 50,000,000
  shares authorized; no shares issued at
  September 30,
  1999........................................          --          --                5         --           5 (1)
 Common stock, $1 par value; 50,000,000
  shares authorized; 24,501,008 shares issued
  and outstanding at September 30, 1999
  (38,346,824
  pro forma)..................................       24,501           2              16         181    (13,647)(1)(2)(3)
 Additional paid-in capital...................       43,510       9,672          29,241       5,939      9,276 (1)(2)(3)
 Retained earnings............................       50,605      11,114          21,695       1,706     10,800 (5)
 Accumulated comprehensive income (loss),
  net.........................................       (4,736)     (1,277)           (926)       (122)       284 (6)
 Unearned compensation or treasury stock......         (197)        --              --         (575)      (575)(1)
                                                 ----------     -------         -------     -------
   Total stockholders' equity.................      113,683      19,511          50,031       7,129
                                                 ----------     -------         -------     -------
     Total liabilities and stockholders' equity. $1,745,321     351,888         530,241     125,118
                                                 ==========     =======         =======     =======
<CAPTION>
                                                 Pro Forma
                                                 ---------
<S>                                              <C>
                    Assets
                    ------
Cash and due from banks.......................   $   67,974
Federal funds sold and interest-bearing
 deposits.....................................       33,165
                                                 -----------
   Total cash and cash equivalents............      101,139
                                                 -----------
Investment securities:
 Held-to-maturity.............................           25
 Available-for-sale...........................      602,304
 Trading securities...........................        4,873
                                                 -----------
   Total investment securities................      607,202
                                                 -----------
Mortgage and student loans held for sale, net.      152,726
Loans, net....................................    1,700,887
Premises and equipment, net...................       63,893
Goodwill, net.................................       49,757
Accrued interest and other assets.............       65,646
                                                 -----------
     Total assets.............................   $2,741,250
                                                 ===========
     Liabilities and Stockholders' Equity
     ------------------------------------
Liabilities:
 Deposits.....................................   $2,172,127
 Securities sold under agreements to
  repurchase..................................       95,009
 Federal funds purchased and other short-term
  borrowings..................................       72,078
 Guaranteed preferred beneficial interests in
  Company's debentures........................       92,853
 Long-term debt...............................      106,968
 Accrued interest and other liabilities.......       18,004
                                                 -----------
   Total liabilities..........................    2,557,039
                                                 -----------
Minority interests............................          --
Stockholders' equity:
 Preferred stock, no par value; 50,000,000
  shares authorized; no shares issued at
  September 30,
  1999........................................          --
 Common stock, $1 par value; 50,000,000
  shares authorized; 24,501,008 shares issued
  and outstanding at September 30, 1999
  (38,346,824
  pro forma)..................................       38,347
 Additional paid-in capital...................       79,086
 Retained earnings............................       74,320
 Accumulated comprehensive income (loss),
  net.........................................       (7,345)
 Unearned compensation or treasury stock......         (197)
                                                 -----------
   Total stockholders' equity.................      184,211
                                                 -----------
     Total liabilities and stockholders' equity. $2,741,250
                                                 ===========
</TABLE>
- -------
See footnotes to pro forma data on page 47.

                                       40
<PAGE>

Gold Banc Corporation, Inc., Union Bankshares, Ltd., American Bancshares, Inc.,
 CountryBanc Holding Company and First Business Bancshares of Kansas City, Inc.

                Unaudited Pro Forma Consolidated Balance Sheets
                               December 31, 1998

<TABLE>
<CAPTION>
                           Gold Banc
                              and                                  First
                           American      Union                    Business   Adjustments
                          Bancshares   Bankshares CountryBanc(4) Bancshares    Dr (Cr)             Pro Forma
                          -----------  ---------- -------------- ----------  -----------           ----------
                                                      (In thousands)
<S>                       <C>          <C>        <C>            <C>         <C>                   <C>
         Assets
         ------
Cash and due from banks.  $    56,624      18,914         21,359      5,556                        $  102,453
Federal funds sold and
 interest-bearing
 deposits...............       62,798      26,505         11,663        880                           101,846
                          -----------     -------        -------    -------                        ----------
   Total cash and cash
    equivalents.........      119,422      45,419         33,022      6,436                           204,299
                          -----------     -------        -------    -------                        ----------
Investment securities
 Held-to-maturity.......           63      27,469          6,374        --       (33,843)(6)               63
 Available-for-sale.....      302,684      78,582        109,239     10,418       34,803 (6)          535,726
 Trading securities.....        3,851         --             --         --                              3,851
                          -----------     -------        -------    -------                        ----------
   Total investment
    securities..........      306,598     106,051        115,613     10,418                           539,640
                          -----------     -------        -------    -------                        ----------
Mortgage and student
 loans held for sale,
 net....................       93,583       4,285            --         --                             97,868
Loans, net..............      966,747     144,517        350,260     93,127                         1,554,651
Premises and equipment,
 net....................       39,077       3,276         15,396        893                            58,642
Goodwill, net...........       13,402       7,169          9,594        --         2,871 (2)           33,036
Accrued interest and
 other assets...........       27,691       3,860          9,986      2,000                            43,537
                          -----------     -------        -------    -------                        ----------
     Total assets.......  $ 1,566,520     314,577        533,871    112,874                        $2,531,673
                          ===========     =======        =======    =======                        ==========
    Liabilities and
  Stockholders' Equity
  ---------------------
Liabilities:
 Deposits...............  $ 1,271,532     271,650        455,257     97,769                        $2,096,208
 Securities sold under
  agreements to
  repurchase............       36,236         --             --       4,129                            40,365
 Federal funds
  purchased and other
  short-term
  borrowings............       16,468       5,000          7,533        --                             29,001
 Guaranteed preferred
  beneficial interests
  in Company's
  debentures............       44,999      10,304            --         --                             55,303
 Long-term debt.........       75,958       5,000         18,900      2,425          770 (3)          101,513
 Accrued interest and
  other liabilities.....       10,089       2,279          5,777        867         (384)(6)           19,396
                          -----------     -------        -------    -------                        ----------
   Total liabilities....    1,455,282     294,233        487,467    105,190                         2,341,786
                          -----------     -------        -------    -------                        ----------
Minority interests......          --          --             --       1,351        1,351 (2)              --
Stockholders' equity:
 Preferred stock, no
  par value; 50,000,000
  shares authorized; no
  shares issued at
  December 31, 1998.....          --          --               5        --             5 (1)              --
 Common stock, $1 par
  value; 50,000,000
  shares authorized;
  24,446,323 shares
  issued and
  outstanding
  (38,112,538 pro
  forma)................       24,447           2             16        162      (13,486)(1)(2)(3)     38,113
 Additional paid-in
  capital...............       43,356       9,639         29,226      5,628        9,064 (1)(2)(3)     78,785
 Retained earnings......       43,384      10,060         16,803      1,109                            71,356
 Accumulated
  comprehensive income
  (loss), net...........          248         643            354          9          576 (6)            1,830
 Unearned compensation..         (197)        --             --        (575)        (575)(1)             (197)
                          -----------     -------        -------    -------                        ----------
   Total stockholders'
    equity..............      111,238      20,344         46,404      6,333                           189,887
                          -----------     -------        -------    -------                        ----------
     Total liabilities
      and stockholders'
      equity............  $ 1,566,520     314,577        533,871    112,874                        $2,531,673
                          ===========     =======        =======    =======                        ==========
</TABLE>
- -------
See footnotes to pro forma data on page 47.

                                       41
<PAGE>

Gold Banc Corporation, Inc., Union Bankshares, Ltd., American Bancshares, Inc.,
 CountryBanc Holding Company and First Business Bancshares of Kansas City, Inc.

            Unaudited Pro Forma Consolidated Statements of Earnings
                               September 30, 1999

<TABLE>
<CAPTION>
                          Gold Banc                               First
                         and American   Union                    Business
                          Bancshares  Bankshares CountryBanc(4) Bancshares Pro Forma
                         ------------ ---------- -------------- ---------- ---------
                                    (In thousands except per share data)
<S>                      <C>          <C>        <C>            <C>        <C>
Interest income:
 Loans, including fees..   $74,888      11,033       26,451       7,293    $119,665
 Investment securities..    13,996       6,221        4,913         506      25,636
 Other..................     2,331         334          682          57       3,404
                           -------      ------       ------       -----    --------
                            91,215      17,588       32,046       7,856     148,705
                           -------      ------       ------       -----    --------
Interest expense:
 Deposits...............    38,309       5,284       12,737       3,131      59,461
 Borrowings and other...    10,041       1,595        1,102         360      13,098
                           -------      ------       ------       -----    --------
                            48,350       6,879       13,839       3,491      72,559
                           -------      ------       ------       -----    --------
Net interest income.....    42,865      10,709       18,207       4,365      76,146
Provision for loan
 losses.................     2,504         102          800         427       3,833
                           -------      ------       ------       -----    --------
 Net interest income
  after provisions for
  loan losses...........    40,361      10,607       17,407       3,938      72,313
                           -------      ------       ------       -----    --------
Other income:
 Service fees...........     5,133         491        2,408         319       8,351
 Investment trading fees
  and commissions.......     2,556         --           --          --        2,556
 Net gains on sale of
  mortgage loans........     2,384         --           --          --        2,384
 Net securities gains...       198         266           71         --          535
 Unrealized gains
  (losses) on trading
  securities............       (22)        --           --          --          (22)
 Gain (loss) on sale of
  assets................       229         --            (8)        --          221
 Other income...........     6,618         531          805         --        7,954
                           -------      ------       ------       -----    --------
                            17,096       1,288        3,276         319      21,979
                           -------      ------       ------       -----    --------
Other expense:
 Salaries and employee
  benefits..............    19,907       5,387        7,252       1,645      34,191
 Net occupancy expense..     6,239         873        1,963         342       9,417
 Outside services.......     2,119         613          522         107       3,361
 Data processing........     1,912         566          379         207       3,064
 Advertising............       892         271          302          48       1,513
 Goodwill amortization..       725         404          643         --        1,772
 Other expense..........     7,895       2,213        1,756         846      12,710
                           -------      ------       ------       -----    --------
                            39,689      10,327       12,817       3,195      66,028
                           -------      ------       ------       -----    --------
Earnings before income
 taxes..................    17,768       1,568        7,866       1,062      28,264
Income tax expense......     5,906         514        2,978         466       9,864
                           -------      ------       ------       -----    --------
Net earnings............   $11,862       1,054        4,888         596    $ 18,400
                           =======      ======       ======       =====    ========
Earnings per share-
 basic..................   $  0.48        0.45         3.09        3.65    $   0.50
                           =======      ======       ======       =====    ========
Earnings per share-
 diluted................   $  0.48        0.40         2.72        2.86    $   0.47
                           =======      ======       ======       =====    ========
Weighted average shares
 outstanding (basic)....    24,488       2,349        1,580         163      37,071
                           =======      ======       ======       =====    ========
Weighted average shares
 outstanding (diluted)..    24,613       2,634        1,795         221      39,315
                           =======      ======       ======       =====    ========
</TABLE>
- --------
See footnotes to pro forma data on page 47.

                                       42
<PAGE>

Gold Banc Corporation, Inc., Union Bankshares, Ltd., American Bancshares, Inc.,
 CountryBanc Holding Company and First Business Bancshares of Kansas City, Inc.

            Unaudited Pro Forma Consolidated Statements of Earnings
                               September 30, 1998

<TABLE>
<CAPTION>
                          Gold Banc                               First
                         and American   Union                    Business
                          Bancshares  Bankshares CountryBanc(4) Bancshares Pro Forma
                         ------------ ---------- -------------- ---------- ---------
                                    (In thousands except per share data)
<S>                      <C>          <C>        <C>            <C>        <C>
Interest income:
 Loans, including fees..   $63,445       9,385       24,771       6,365    $103,966
 Investment securities..    11,775       3,207        5,332         382      20,696
 Other..................     2,177         487        1,082         255       4,001
                           -------      ------       ------       -----    --------
                            77,397      13,079       31,185       7,002     128,663
                           -------      ------       ------       -----    --------
Interest expense:
 Deposits...............    35,112       3,932       13,214       2,908      55,166
 Borrowings and other...     5,233         584          902         230       6,949
                           -------      ------       ------       -----    --------
                            40,345       4,516       14,116       3,138      62,115
                           -------      ------       ------       -----    --------
Net interest income.....    37,052       8,563       17,069       3,864      66,548
Provision for loan
 losses.................     2,230         243          784         242       3,499
                           -------      ------       ------       -----    --------
 Net interest income
  after provisions for
  loan losses...........    34,822       8,320       16,285       3,622      63,049
                           -------      ------       ------       -----    --------
Other income:
 Service fees...........     3,627         292        1,789         184       5,892
 Investment trading fees
  and commissions.......     2,177         --           --          --        2,177
 Net gains on sale of
  mortgage loans........     1,805         --           --          --        1,805
 Net securities gains...       278          25           17         --          320
 Unrealized gains
  (losses) on trading
  securities............      (367)        --           --          --         (367)
 Gain (loss) on sale of
  assets................        77         --            (2)        --           75
 Other income...........     2,146         398          668         162       3,374
                           -------      ------       ------       -----    --------
                             9,743         715        2,472         346      13,276
                           -------      ------       ------       -----    --------
Other expense:
 Salaries and employee
  benefits..............    14,403       4,009        6,449       1,415      26,276
 Net occupancy..........     4,119         663        1,599         506       6,887
 Outside services.......     2,482         511          516         119       3,628
 Data processing........     1,124         248          264         174       1,810
 Advertising............       712         254          284          90       1,340
 Goodwill amortization..       304         170          500         --          974
 Other expense..........     7,513       1,692        1,895         470      11,570
                           -------      ------       ------       -----    --------
                            30,657       7,547       11,507       2,774      52,485
                           -------      ------       ------       -----    --------
Earnings before income
 taxes..................    13,908       1,488        7,250       1,194      23,840
Income tax expense......     2,769         240        2,625         543       6,177
                           -------      ------       ------       -----    --------
Net earnings............   $11,139       1,248        4,625         651    $ 17,663
                           =======      ======       ======       =====    ========
Earnings per share-
 basic..................   $  0.47        0.53         3.00        4.02    $   0.49
                           =======      ======       ======       =====    ========
Earnings per share-
 diluted................   $  0.47        0.47         2.63        2.99    $   0.46
                           =======      ======       ======       =====    ========
Pro forma net earnings
 and earnings per share
 data:
 Earnings before income
  taxes.................   $13,908       1,488        7,250       1,194    $ 23,840
 Pro forma income tax
  expense...............     4,551         240        2,625         543       7,959
                           -------      ------       ------       -----    --------
 Pro forma net earnings.   $ 9,357       1,248        4,625         651    $ 15,881
                           =======      ======       ======       =====    ========
Pro forma earnings per
 common share-basic.....   $  0.39        0.53         3.00        4.02    $   0.44
                           =======      ======       ======       =====    ========
Pro forma earnings per
 common share-diluted...   $  0.39        0.47         2.63        2.99    $   0.41
                           =======      ======       ======       =====    ========
Weighted average shares
 outstanding (basic)....    23,722       2,338        1,542         162      36,180
                           =======      ======       ======       =====    ========
Weighted average shares
 outstanding (diluted)..    23,877       2,631        1,756         229      38,394
                           =======      ======       ======       =====    ========
</TABLE>
- --------
See footnotes to pro forma data on page 47.

                                       43
<PAGE>

Gold Banc Corporation, Inc., Union Bankshares, Ltd., American Bancshares, Inc.,
 CountryBanc Holding Company and First Business Bancshares of Kansas City, Inc.
            Unaudited Pro Forma Consolidated Statements of Earnings
                               December 31, 1998

<TABLE>
<CAPTION>
                          Gold Banc                               First
                         and American   Union                    Business
                          Bancshares  Bankshares CountryBanc(4) Bancshares Pro Forma
                         ------------ ---------- -------------- ---------- ---------
                                      (In thousands except per share data)
<S>                      <C>          <C>        <C>            <C>        <C>
Interest income:
 Loans, including fees..   $ 87,267     12,585       32,861       8,738    $141,451
 Investment securities..     15,780      4,536        7,047         530      27,893
 Other..................      3,334        796        1,554         409       6,093
                           --------     ------       ------       -----    --------
                            106,381     17,917       41,462       9,677     175,437
                           --------     ------       ------       -----    --------
Interest expense:
 Deposits...............     48,073      5,519       17,487       3,995      75,074
 Borrowings and other...      7,687        801        1,169         309       9,966
                           --------     ------       ------       -----    --------
                             55,760      6,320       18,656       4,304      85,040
                           --------     ------       ------       -----    --------
Net interest income.....     50,621     11,597       22,806       5,373      90,397
Provision for loan
 losses.................      3,961        278          836         319       5,394
                           --------     ------       ------       -----    --------
 Net interest income
  after provisions for
  loan losses...........     46,660     11,319       21,970       5,054      85,003
                           --------     ------       ------       -----    --------
Other income:
 Service fees...........      5,153        405        2,420         298       8,276
 Investment trading fees
  and commissions.......      3,265        --           --          --        3,265
 Net gains on sale of
  mortgage loans........      2,427        --           --          --        2,427
 Net securities gains...        504         43           17         --          564
 Unrealized gains
  (losses) on trading
  securities............       (399)       --           --          --         (399)
 Gain (loss) on sale of
  assets................        (85)       --           --          --          (85)
 Other income...........      3,158        514          910          63       4,645
                           --------     ------       ------       -----    --------
                             14,023        962        3,347         361      18,693
                           --------     ------       ------       -----    --------
Other expense:
 Salaries and employee
  benefits..............     20,322      5,311        8,797       1,884      36,314
 Net occupancy..........      4,976        884        1,919         676       8,455
 Outside services.......      3,699        796          655         110       5,260
 Data processing........      2,061        400          381         229       3,071
 Advertising............      1,611        332          392         102       2,437
 Goodwill amortization..        108        232          684         --        1,024
 Other expense..........     11,876      2,312        2,817         657      17,662
                           --------     ------       ------       -----    --------
                             44,653     10,267       15,645       3,658      74,223
                           --------     ------       ------       -----    --------
Earnings before income
 taxes..................     16,030      2,014        9,672       1,757      29,473
Income tax expense......      2,484        377        3,514         795       7,170
                           --------     ------       ------       -----    --------
Net earnings............   $ 13,546      1,637        6,158         962    $ 22,303
                           ========     ======       ======       =====    ========
Earnings per share-
 basic..................   $   0.57       0.70         3.97        5.94    $   0.61
                           ========     ======       ======       =====    ========
Earnings per share-
 diluted................   $   0.56       0.62         3.49        4.41    $   0.58
                           ========     ======       ======       =====    ========
Pro forma net earnings
 and earnings per share
 data:
 Earnings before income
  taxes.................   $ 16,030      2,014        9,672       1,757    $ 29,473
 Pro forma income tax
  expense...............      5,281        377        3,514         795       9,967
                           --------     ------       ------       -----    --------
 Pro forma net earnings.   $ 10,749      1,637        6,158         962    $ 19,506
                           ========     ======       ======       =====    ========
Pro forma earnings per
 common share-basic.....   $   0.45       0.70         3.97        5.94    $   0.54
                           ========     ======       ======       =====    ========
Pro forma earnings per
 common share-diluted...   $   0.45       0.62         3.49        4.41    $   0.51
                           ========     ======       ======       =====    ========
Weighted average shares
 outstanding (basic)....     23,830      2,339        1,551         162      36,319
                           ========     ======       ======       =====    ========
Weighted average shares
 outstanding (diluted)..     24,033      2,623        1,766         229      38,583
                           ========     ======       ======       =====    ========
</TABLE>
- --------
See footnotes to pro forma data on page 47.

                                       44
<PAGE>

Gold Banc Corporation, Inc., Union Bankshares, Ltd., American Bancshares, Inc.,
 CountryBanc Holding Company and First Business Bancshares of Kansas City, Inc.

            Unaudited Pro Forma Consolidated Statements of Earnings
                               December 31, 1997

<TABLE>
<CAPTION>
                            Gold Banc
                               and                                 First
                             American    Union                    Business
                            Bancshares Bankshares CountryBanc(4) Bancshares Pro Forma
                            ---------- ---------- -------------- ---------- ---------
                                      (In thousands except per share data)
 <S>                        <C>        <C>        <C>            <C>        <C>
 Interest income:
 Loans, including fees...    $65,078     11,448       29,552       7,018    $113,096
  Investment securities..     12,763      4,286        6,373         427      23,849
  Other..................      2,321        226          843         343       3,733
                             -------     ------       ------       -----    --------
                              80,162     15,960       36,768       7,788     140,678
                             -------     ------       ------       -----    --------
 Interest expense:
  Deposits...............     38,080      4,121       15,319       3,199      60,719
  Borrowings and other...      2,812        997        1,018         202       5,029
                             -------     ------       ------       -----    --------
                              40,892      5,118       16,337       3,401      65,748
                             -------     ------       ------       -----    --------
 Net interest income.....     39,270     10,842       20,431       4,387      74,930
 Provision for loan
  losses.................      3,051        360        1,596         274       5,281
                             -------     ------       ------       -----    --------
  Net interest income
   after provisions for
   loan losses ..........     36,219     10,482       18,835       4,113      69,649
                             -------     ------       ------       -----    --------
 Other income:
  Service fees...........      4,258        371        2,534         274       7,437
  Investment trading fees
   and commissions.......        --         --           --          --          --
  Net gains on sale of
   mortgage loans........      1,549        --           --          --        1,549
  Net securities gains...        256        101          --          --          357
  Unrealized gains
   (losses) on trading
   securities............        229        --           --          --          229
  Gain (loss) on sale of
   assets................        203        --           --          --          203
  Other income...........      2,414        486          887          58       3,845
                             -------     ------       ------       -----    --------
                               8,909        958        3,421         332      13,620
                             -------     ------       ------       -----    --------
 Other expense:
  Salaries and employee
   benefits..............     14,065      4,477        7,669       1,783      27,994
  Net occupancy..........      3,772        732        1,492         522       6,518
  Outside services.......      1,874        666          656         126       3,322
  Data processing........      1,594        328          316         145       2,383
  Advertising............      1,035        232          346         169       1,782
  Goodwill amortization..         99        226          478         --          803
  Other expense..........      6,951      1,792        2,890         590      12,223
                             -------     ------       ------       -----    --------
                              29,390      8,453       13,847       3,335      55,025
                             -------     ------       ------       -----    --------
 Earnings before income
  taxes..................     15,738      2,987        8,409       1,110      28,244
 Income tax expense......      3,944        851        3,244         550       8,589
                             -------     ------       ------       -----    --------
 Net earnings............    $11,794      2,136        5,165         560    $ 19,655
                             =======     ======       ======       =====    ========
 Earnings per share--
  basic..................    $  0.52       0.92         3.46        3.48    $   0.56
                             =======     ======       ======       =====    ========
 Earnings per share--
  diluted................    $  0.52       0.84         3.02        2.70    $   0.53
                             =======     ======       ======       =====    ========
 Pro forma net earnings
  and earnings per share
  data:
  Earnings before income
   taxes.................    $15,738      2,987        8,409       1,110    $ 28,244
  Pro forma income tax
   expense...............      5,523        851        3,244         550      10,168
                             -------     ------       ------       -----    --------
  Pro forma net earnings.    $10,215      2,136        5,165         560    $ 18,076
                             =======     ======       ======       =====    ========
 Pro forma earnings per
  common share--basic....    $  0.45       0.92         3.46        3.48    $   0.52
                             =======     ======       ======       =====    ========
 Pro forma earnings per
  common share--diluted..    $  0.45       0.84         3.02        2.70    $   0.49
                             =======     ======       ======       =====    ========
 Weighted average shares
  outstanding (basic)....     22,737      2,317        1,493         161      34,949
                             =======     ======       ======       =====    ========
 Weighted average shares
  outstanding (diluted)..     22,790      2,535        1,708         225      37,010
                             =======     ======       ======       =====    ========
</TABLE>
- --------
See footnotes to pro forma data on page 47.

                                       45
<PAGE>

Gold Banc Corporation, Inc., Union Bankshares, Ltd., American Bancshares, Inc.,
 CountryBanc Holding Company and First Business Bancshares of Kansas City, Inc.

            Unaudited Pro Forma Consolidated Statements of Earnings
                               December 31, 1996

<TABLE>
<CAPTION>
                          Gold Banc
                             and                                 First
                           American    Union      (90 DAYS)     Business
                          Bancshares Bankshares CountryBanc(4) Bancshares Pro Forma
                          ---------- ---------- -------------- ---------- ---------
                                    (In thousands except per share data)
<S>                       <C>        <C>        <C>            <C>        <C>
Interest income:
 Loans, including fees..   $50,824      9,404       7,140        6,430     $73,798
 Investment securities..    11,722      3,945       1,382          386      17,435
 Other..................     1,537        177         346          580       2,640
                           -------     ------       -----        -----     -------
                            64,083     13,526       8,868        7,396      93,873
                           -------     ------       -----        -----     -------
Interest expense:
 Deposits...............    31,811      3,736       3,851        3,170      42,568
 Borrowings and other...     2,436        476         209          166       3,287
                           -------     ------       -----        -----     -------
                            34,247      4,212       4,060        3,336      45,855
                           -------     ------       -----        -----     -------
Net interest income.....    29,836      9,314       4,808        4,060      48,018
Provision for loan
 losses.................     1,777        285       1,196           41       3,299
                           -------     ------       -----        -----     -------
 Net interest income
  after provisions for
  loan losses...........    28,059      9,029       3,612        4,019      44,719
                           -------     ------       -----        -----     -------
Other income:
 Service fees...........     3,174        368         825          409       4,776
 Investment trading fees
  and commissions.......       --         --          --           --          --
 Net gains on sale of
  mortgage loans........     1,642        --          --           --        1,642
 Net securities gains...       107        162         --           --          269
 Unrealized gains
  (losses) on trading
  securities............       --         --          --           --          --
 Gain (loss) on sale of
  assets................       297        --          --           --          297
 Other income...........     1,107        507         227           88       1,929
                           -------     ------       -----        -----     -------
                             6,327      1,037       1,052          497       8,913
                           -------     ------       -----        -----     -------
Other expense:
 Salaries and employee
  benefits..............    12,662      3,994       1,904        1,605      20,165
 Net occupancy..........     2,755        701         480          500       4,436
 Outside services.......     1,244        469         736          247       2,696
 Data processing........     1,558        339          67          104       2,068
 Advertising............       900        155          49           97       1,201
 Goodwill amortization..       551        226         125          --          902
 Other expense..........     6,233      1,732         785          766       9,516
                           -------     ------       -----        -----     -------
                            25,903      7,616       4,146        3,319      40,984
                           -------     ------       -----        -----     -------
Earnings before income
 taxes..................     8,483      2,450         518        1,197      12,648
Income tax expense
 (benefit)..............     2,795        540         205         (261)      3,279
                           -------     ------       -----        -----     -------
Net earnings before
 extraordinary item.....     5,688      1,910         313        1,458       9,369
Extraordinary item:
 Loss on early
  extinguishment of debt
  (net of applicable
  taxes of $201,000)....       --         337         --           --          337
                           -------     ------       -----        -----     -------
Net earnings............   $ 5,688      1,573         313        1,458     $ 9,032
                           =======     ======       =====        =====     =======
Earnings per share
 basic, before
 extraordinary item.....   $  0.32       0.83        0.85         9.11     $  0.37
                           =======     ======       =====        =====     =======
Extraordinary item, net.   $   --       (0.15)        --           --      $ (0.01)
                           =======     ======       =====        =====     =======
Earnings per share
 basic..................   $  0.32       0.68        0.85         9.11     $  0.36
                           =======     ======       =====        =====     =======
Earnings per share
 diluted, before
 extraordinary item.....   $  0.32       0.79        0.75         6.77     $  0.35
                           =======     ======       =====        =====     =======
Extraordinary item, net.   $   --       (0.14)        --           --      $ (0.01)
                           =======     ======       =====        =====     =======
Earnings per share
 diluted................   $  0.32       0.65        0.75         6.77     $  0.34
                           =======     ======       =====        =====     =======
Weighted average shares
 outstanding (basic)....    17,982      2,299         376          160      25,221
                           =======     ======       =====        =====     =======
Weighted average shares
 outstanding (diluted)..    17,982      2,415         430          222      26,409
                           =======     ======       =====        =====     =======
</TABLE>
- --------
See footnotes to pro forma data on page 47.

                                       46
<PAGE>

  Footnotes to Gold Banc Corporation, Inc., Union Bankshares, Ltd., American
                               Bancshares, Inc.,
CountryBanc Holding Company and First Business Bancshares of Kansas City, Inc.

                           Pro Forma Financial Data

   1) Entry to reflect merger of Union Bankshares, CountryBanc and First
Business Bancshares through exchange of stock using the midpoints of the
floating exchange conversion prices based upon Gold Banc's share price at
closing as follows:

     a) Union Bankshares exchange ratio of 1.6464 Gold Banc shares to 1.0
  Union shares at a Gold Banc share price of $14.00 per share.

     b) First Business Bancshares exchange ratio of 8.9624 Gold Banc shares
  to 1.0 First Business shares at a Gold Banc share price of $12.25 per
  share.

Entry includes exchange of 4.441 shares of Gold Banc stock for 1 share of
CountryBanc.

   2) Entry to reflect exchange of Gold Banc shares to purchase the minority
interest of First Business Bank of Kansas City, N.A. an 86% owned subsidiary
of First Business Bancshares. Exchange ratio of 8.3049 Gold Banc shares to 1.0
First Business Bank, N.A. shares at a Gold Banc share price of $12.25 per
share. The acquisition of the minority interest is accounted for as a
purchase.

   3) As of September 30, 1999, First Business Bancshares had convertible
debentures outstanding in the aggregate principal amount of $770,000. The
debentures are convertible into 55,132 common shares of First Business
Bancshares. The debentures will mature or will be called prior to the closing,
which is anticipated to result in the conversion of all the debentures. Entry
reflects this conversion prior to the stock-for-stock exchange with Gold Banc.

   4) CountryBanc amounts have been restated on a pro forma basis to include
its acquisition of American Heritage Bancorp which will be accounted for as a
pooling of interests. As of September 30, 1999, American Heritage had total
assets of $81.2 million, total deposits of $67.0 million, total equity of $9.8
million and year-to-date earnings of $1.1 million. The companies are expected
to incur direct transaction costs of approximately $1.8 million associated
with the merger.

   5) Gold Banc, Union Bankshares, CountryBanc and First Business Bancshares
estimate they will incur direct transaction costs of approximately $13.6
million associated with the merger. These costs consist primarily of
investment banking, legal, accounting, printing, severance payments and
operational consolidation costs. The unaudited pro forma combined balance
sheet reflects such expenses as if they had been paid as of September 30,
1999. Pro forma net earnings and earnings per share do not reflect these one-
time transaction costs.

   6) Entry to adjust securities classified as held-to-maturity to fair value
and reclassify into available-for-sale in accordance with Gold Banc policy.

                                      47
<PAGE>

                   INFORMATION REGARDING AMERICAN BANCSHARES

Business

   American Bancshares, Inc., a Florida corporation organized on June 30,
1995, is a bank holding company registered under the Bank Holding Company Act
of 1956, and, on December 1, 1995, became the bank holding company for
American Bank. American Bank is the largest independent bank in Manatee
County, Florida, based on 1998 year-end asset size. American Bank, whose
capital stock is wholly-owned by American Bancshares, is American Bancshares'
primary subsidiary and principal asset. Through its ownership of American
Bank, American Bancshares is engaged in a general commercial banking business
and its primary source of earnings is derived from income generated by
American Bank. In 1998, American Bancshares commenced the operations of
Freedom Finance Company, a wholly-owed Florida subsidiary which engages in
full service consumer financing operation. As of December 31, 1998, American
Bancshares, on a consolidated basis, had total assets of approximately
$455,164,000, net portfolio loans of approximately $248,808,000, total
deposits of approximately $344,845,000, and shareholders' equity of
approximately $27,427,000. Unless the context otherwise requires, references
herein to American Bancshares include American Bancshares and its subsidiaries
on a consolidated basis.

   American Bank, which commenced operations in 1989, is a Florida state-
chartered commercial bank and is not a member of the Federal Reserve System.
It is a general commercial bank which provides a variety of corporate and
personal banking services to consumers and small to mid-sized businesses in
its primary market areas from nine banking offices located on the west coast
of central Florida. In 1998, American Bancshares expanded the geographic base
of its operations from Manatee County to include Charlotte, Sarasota, and
Hillsborough counties through its acquisition of Murdock Florida Bank, a
Charlotte county based institution, and the opening of full service branches
in Ruskin, Florida, a Hillsborough county branch, and Beneva Road South, a
Sarasota county branch.

   The business of American Bank consists of attracting deposits from the
general public in areas served by its banking offices and using those
deposits, together with funds derived from other sources, to originate a
variety of commercial, consumer, and residential real estate loans. In
addition, American Bank offers customized accounts receivable financing and
billing services, and credit card merchant services. The bank presently does
not provide fiduciary, trust, or appraisal services. The bank, however, has
existing arrangements with Advest, Inc. whereby American Bank's customers may
obtain trust services. The bank also offers computer-based home banking
services.

   American Bank maintains a mortgage banking department which generates,
closes, and services single family residential home mortgages. Its primary
function is to originate fixed and adjustable rate construction-to-permanent
residential real estate mortgage loans which fit the needs of borrowers for
the purchase and construction of homes. These loans are originated, approved,
and serviced from American Bank's mortgage banking department offices located
in Bradenton, Florida. Since the establishment of the mortgage banking
department in 1994, the bank has substantially expanded its mortgage banking
operations by emphasizing the origination of construction-to-permanent
residential real estate mortgage loans for sale in the secondary mortgage
market while retaining or packaging for sale the fee generating mortgage
servicing rights associated with such loans. A majority of the mortgage loans
made by the bank since 1994 have been sold in the secondary market to the
Federal National Mortgage Association and other institutional investors.
Consideration may be given to making such sales to other governmental agencies
in the future.

   During the fiscal year ended December 31, 1998, the mortgage banking
department originated approximately $128,211,000 in mortgage loans and sold in
the secondary market approximately $67,614,000 of such loans, including those
held in inventory from the previous year.

   The revenues of the bank are primarily derived from interest on, and fees
received in connection with, real estate and other loans, from the sales of
loans, and from interest and dividends from investment securities and short-
term investments. The principal sources of funds for the bank's lending
activities are its deposits,

                                      48
<PAGE>

amortization and prepayment of loans, sales of loans, and the sale of
investment securities. The principal expenses of the bank are the interest
paid on deposits and operating and general administrative expenses.

   As is the case with banking institutions generally, American Bank's
operations are materially and significantly influenced by general economic
conditions and by related monetary and fiscal policies of financial
institution regulatory agencies, including the Board of Governors of the
Federal Reserve System and the Federal Deposit Insurance Corporation. Deposit
flows and cost of funds are influenced by interest rates on competing
investments and general market rates of interest. Lending activities are
affected by the demand for financing of real estate and other types of loans,
which in turn is affected by the interest rates at which such financing may be
offered and other factors affecting local demand and availability of funds.

Management and Additional Information

   Certain information relating to the executive compensation, various benefit
plans (including stock option plans), voting securities, including the
principal holders of those securities, certain relationships and related
transactions and other matters as to American Bancshares is incorporated by
reference or set forth in American Bancshares Annual Report on Form 10-K for
the fiscal year ended December 31, 1998, which is incorporated in this joint
proxy statement/prospectus by reference. Stockholders desiring copies of this
document and other documents may contact American Bancshares at its address or
by telephone number indicated under "Where You Can Find More Information."

           AMERICAN BANCSHARES' MANAGEMENT'S DISCUSSION AND ANALYSIS
               OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS

General

   American Bancshares' principal asset is its ownership of American Bank.
Accordingly, American Bancshares' results of operations are primarily
dependent on the results of the operations of American Bank. American Bank
conducts a commercial banking business which consists of attracting deposits
from the general public and applying those funds to the origination of loans
for commercial, consumer, and real estate loans (including commercial loans
collateralized by real estate). American Bank's profitability depends
primarily on net interest income, which is the difference between interest
income generated from interest-earning assets (i.e., loans and investments)
less the interest expense incurred on interest-bearing liabilities (i.e.,
customer deposits and borrowed funds). Net interest income is affected by the
relative amounts of interest-earning assets and interest-bearing liabilities,
and the interest rate earned or paid on these balances.

   Net interest income is dependent upon American Bank's interest rate spread,
which is the difference between the average yield earned on its interest-
earning assets and the average rate paid on its interest-bearing liabilities.
When interest-earning assets approximate or exceed interest-bearing
liabilities, any positive interest rate spread will generate net interest
income. The interest rate spread is impacted by interest rates, deposit flows,
and loan demands. Additionally, and to a lesser extent, American Bank's
profitability is affected by such factors as the level of non-interest income
and expenses, the provision for loan losses, and the effective tax rate. Non-
interest income consists primarily of loan and other fees and income from the
sale of loans, servicing rights, and investment securities. Non-interest
expenses consist of compensation and benefits, occupancy related expenses,
deposit insurance premiums paid to the FDIC, expenses of opening branch
offices, and other operating expenses.

   American Bank enjoys an excellent reputation in its market areas and
strives for quality customer service. During 1998, American Bank completed its
merger with Charlotte County-based Murdock Florida Bank located in Murdock,
Florida and opened full service branches in Ruskin and Sarasota, Florida. The
former Murdock Florida Bank was converted into a full service branch of
American Bank.

   This Management's Discussion and Analysis of Financial Condition and
Results of Operations presents a review of the consolidated operating results
and financial condition of American Bancshares for the fiscal years ended
December 31, 1998, 1997 and 1996 and for the nine month periods ended
September 30, 1999 and 1998.
This discussion and analysis is intended to assist in understanding the
financial condition and results of operation

                                      49
<PAGE>

of American Bancshares and its subsidiaries. This section should be read in
conjunction with the consolidated financial statements and the related notes
contained herein.

Results of Operations
Comparison of Fiscal Years Ended December 1998 and 1997
   For the year ended December 31, 1998, American Bancshares reported net
income of $1,627,000, or $0.33 per share, as compared to net income of
$1,920,000 or $0.38 per share for 1997. This decrease was due primarily to the
one-time costs associated with the acquisition of Murdock, the settlement of
an outstanding lawsuit, and an increase in the provision for loan loss
expense. From 1997 to 1998, net interest income increased by $3,299,000 and
non-interest income increased by $1,089,000. The increase in non-interest
income was primarily attributable to the gain on the sale of loans and the
sale of securities. These increases to income were offset by a $4,662,000
increase in non-interest expenses. The increase in non-interest expense was
attributed to increased salaries and benefits and occupancy expenses, the
costs to settle a significant litigation matter, and certain other expenses.

   American Bancshares' total assets at December 31, 1998 were $455,164,000,
an increase of $101,263,000 or approximately 28.6% from December 31, 1997. The
majority of the increase was invested in loans receivable. Asset growth was
funded by an increase in deposits from the opening of new branches, continued
growth at existing branches, through FHLB advances, and the issuance of trust
preferred securities.

   American Bancshares' loans at December 31, 1998 totaled $336,966,000 net,
or approximately 74% of total assets. Of this total, portfolio loans consisted
of $59,027,267 in commercial loans, $99,765,515 in commercial real estate
loans, $28,532,261 in residential real estate loans, and $61,417,581 in
consumer loans, net of deferred costs, and allowance for loan losses of
$2,355,000. The allowance for loan losses represents approximately 0.70% of
total loans, down from 0.91% at December 31, 1997. The allowance for loan
losses represents 0.95% of portfolio loans at December 31, 1998, as compared
to 1.07% at December 31, 1997.

Comparison of Fiscal Years Ended 1997 and 1996
   For the year ended December 31, 1997, American Bancshares reported net
income of $1,920,000, or $0.38 per share, as compared to net income of
$782,000 or $.17 per share for 1996. From 1996 to 1997, net interest income
increased by $2,248,000 and non-interest income increased by $2,008,000. The
increase in non-interest income from 1996 to 1997 is primarily attributable to
increases in collection of service charges on deposits of $620,000, credit
card merchant fee income of $217,000, and gains on sale of loan servicing of
$250,000. These changes contributing to income were offset by increases in
start-up costs in the form of general and administrative expenses associated
with the opening of a new full service branch in early 1997 and an increase of
$406,000 in the provision for loan losses. Management believes the long term
benefits associated with the new branch will provide additional income which
will contribute to the growth and profitability of American Bank.

   American Bancshares' total assets at December 31, 1997 were $353,901,000,
an increase of $80,271,000 or approximately 29% from December 31, 1996. The
majority of the increase was invested in loans receivable and in U.S.
government agency securities. Asset growth was funded by an increase in
deposits from the opening of new branches as well as continued growth at
existing branches.

   American Bancshares' loans at December 31, 1997 totaled $252,991,000, net,
or approximately 71% of total assets. Of this total, portfolio loans consisted
of $50,104,000 in commercial loans, $61,935,000 in commercial real estate,
$54,243,000 in residential real estate, and $48,827,000 in consumer loans, net
of deferred costs, and allowance for loan losses of $1,704,000. Loans held for
sale were $21,127,000 in residential real estate loans and $18,461,000 in real
estate construction loans. The allowance for loan losses increased from
$1,761,000 at December 31, 1996 to $2,311,000 at December 31, 1997. The
allowance for loan losses represents 1.07% of portfolio loans at December 31,
1997, as compared to 1.00% at December 31, 1996.

Results for Nine Months Ended September 30, 1999
   For the nine months ended September 30, 1999, net income was $1,670,000 or
$.33 per share, compared to

                                      50
<PAGE>

net income of $1,232,000 or $.25 per share for the same period for 1998. In
1998 earnings per share were affected by the settlement of certain litigation
of $525,000 and associated legal fees of $235,000, costs associated with the
acquisition of Murdock Florida Bank of $541,000 and costs associated with the
opening of the Ruskin branch of $67,000 net of the associated income tax
benefit of $479,000. In 1999 earnings per share were affected by approximately
$124,000, after tax, as a result of a severance payment to former CEO and
President Gerald Anthony.

   Net interest income increased $1,630,000 to $12,669,000 compared to
$11,039,000 for the same period in 1998 as a result of the 7.7% asset growth
and the repricing of certain deposit liabilities. The provision for loan loss
expense increased from $429,000 for the nine month period ended September 30,
1998 to $1,203,000 for the same period in 1999. During the nine months ended
September 30,1999 the bank charged-off $593,000 of bad debt that was part of a
loan relationship totaling approximately $1 million. Management believes the
remaining loan balances in this relationship are adequately collateralized and
that additional write-downs should not be necessary. Management continues to
monitor the status of this relationship and intends to take action as
appropriate. Management uses a procedure on a monthly basis for evaluating the
adequacy of the allowance for loan loss. Based on that review management
considers the allowance sufficient to cover expected loan losses.

   Noninterest income increased to $4.6 million for the nine months ended
September 30,1999 from $3.8 million for the same period for 1998. Significant
increases include service charges and fees of $750,000; merchant fees of
$247,000 and gain on sale of servicing of $119,000.

   Noninterest expenses increased $976,000 to $13.4 million for the nine
months ended September 30, 1999 from $12.5 million for the same period for
1998. Salaries and employee benefits increased $993,000 to $6.1 million from
$5.1 million due to increased staff size and furniture and equipment expenses
increased $327,000 (including $190,000 of increased depreciation expenses).
These increases were partially offset by decreases in litigation settlement of
$525,000 and associated legal fees of $235,000, costs associated with the
acquisition of Murdock Florida Bank of $541,000 and costs associated with the
opening of the Ruskin branch of $67,000.

Net Interest Income
   Net interest income, which constitutes the principal source of income for
American Bancshares, represents the difference between interest income on
interest-earning assets and interest expense on interest-bearing liabilities.
The principal interest-earning assets are loans made to businesses and
individuals. Interest-bearing liabilities primarily consist of time deposits,
interest-paying checking accounts ("NOW Accounts"), retail savings deposits,
and money market accounts. Funds deposited to these interest-bearing
liabilities are invested in interest-earning assets. Accordingly, net interest
income depends on the volume of average interest-earning assets and average
interest-bearing liabilities and the interest rates earned or paid on them.

   American Bancshares has experienced a steady increase in net interest
income during the past three fiscal years primarily as a result of the growth
in loans. Net interest income for the fiscal years ended December 31, 1998,
1997, and 1996 was $15,013,000, $11,714,000, and $9,466,000, respectively, on
average outstanding balances of interest-earning assets of $375,235,000,
$294,634,000, and $229,103,000, respectively. Total interest income for the
fiscal years ended December 31, 1998, 1997, and 1996, was $31,185,000,
$24,631,000, and $19,431,000, respectively. Interest income from loans for the
fiscal years 1998, 1997, and 1996 comprised approximately 84.2%, 81.6%, and
83.1%, respectively, of the total interest income, and earned an average yield
of 8.74%, 8.89%, and 9.05%, respectively. Interest income from investments and
federal funds sold earned an average yield of 6.60%, 6.70%, and 6.47%,
respectively.

   Total interest expense for fiscal years 1998, 1997, and 1996 was
$16,172,000, $12,917,000, and $9,965,000, respectively, on average outstanding
balances of interest-bearing liabilities of $323,973,000, $253,255,000, and
$196,712,000, respectively. The average cost of interest-bearing liabilities
for fiscal years 1998, 1997, and 1996 was 4.99%, 5.10%, and 5.07%
respectively.

   Average interest-earning assets to average interest-bearing liabilities was
1.16 for the fiscal years ended December 31, 1998, 1997, and 1996. American
Bancshares' net yield on average earning assets was 4.00%, 3.98%, and 4.13%
for 1998, 1997, and 1996, respectively. The decrease in net yield on average
earning assets from 1997 to 1998 and from 1996 to 1997 were due, in part, to a
decrease in average yield on interest-earning assets as a result of interest
rate changes in the market place.

                                      51
<PAGE>

          Comparative Average Balances, Interest, and Average Yields

   The following table shows for each category of interest-earning assets and
interest-bearing liabilities, the average amount outstanding, the interest
earned or paid on such amount, and the average rate earned or paid for the
years ended December 31, 1998, 1997, and 1996. This table also shows the
average rate earned on all interest-earning assets, the average rate paid on
all interest-bearing liabilities, and the net yield on average interest-
earning assets for the same periods.

<TABLE>
<CAPTION>
                                                      Years Ended December 31,
                           ---------------------------------------------------------------------------------
                                      1998                      1997                        1996
                           -------------------------- -------------------------- ---------------------------
                                      Interest                   Interest                   Interest
                            Average   Income/  Yield/  Average   Income/  Yield/  Average    Income/  Yield/
                           Balance(1) Expense   Rate  Balance(1) Expense   Rate  Balance(1)  Expense   Rate
                           ---------- -------- ------ ---------  -------- ------ ---------  --------- ------
                                                      (Dollars In Thousands)
<S>                        <C>        <C>      <C>    <C>        <C>      <C>    <C>        <C>       <C>
Cash and due from banks..  $  13,806                  $   8,938                  $   7,989
Bank premises and
 equipment, net..........     11,368                      6,869                      5,902
Other assets.............      7,332                      4,438                      2,335
                           ---------                  ---------                  ---------
Total non-interest
 earning assets..........     32,506                     20,245                     16,226
INTEREST-EARNING ASSETS:
Federal funds sold and
 other interest-earning
 assets..................  $   4,762  $    265  5.56% $   9,459  $    535  5.66% $   5,842  $     336  5.75%
Investment securities
 (2).....................     70,028     4,670  6.67     58,119     3,994  6.88     44,898      2,946  6.56
Loans, net (3)(4)........    300,445    26,250  8.74    227,055    20,101  8.89    178,363     16,150  9.05
                           ---------  --------        ---------  --------        ---------  ---------
Total interest-earning
 assets/interest/ income
 average rates earned....  $ 375,235  $ 31,185  8.31% $ 294,634  $ 24,631  8.36% $ 229,103   $ 19,431  8.48%
                           =========  ========        =========  ========  ====  =========  =========  ====
Total assets.............  $ 407,741                  $ 314,879                  $ 245,329
                           =========                  =========                  =========
Total non-interest
 bearing
 liabilities.............   $ 56,752                   $ 40,351                  $  27,082
                           =========                  =========                  =========
INTEREST-BEARING
 LIABILITIES:
NOW......................  $  27,743  $    471  1.70% $  22,901  $    433  1.89% $  19,161  $     368  1.92%
Money market.............     69,537     2,914  4.19     59,466     2,773  4.66     36,692      1,720  4.69
Savings..................     14,504       308  2.12     12,773       304  2.38     12,682        312  2.46
Time.....................    157,172     9,449  6.01    137,986     8,395  6.08    117,407      7,075  6.03
                           ---------  --------        ---------  --------        ---------  ---------
Total interest-bearing
 deposits................    268,956    13,142  4.89    233,126    11,905  5.11    185,942      9,475  5.10
Securities sold under
 agreement to repurchase.     26,039     1,206  4.63     14,374       653  4.54      8,628        352  4.08
Federal funds purchased..          0         0  0.00         77         4  5.19         47          3  6.38
FHLB advances............     20,313     1,114  5.48      5,678       355  6.25      2,095        136  6.49
Guaranteed preferred
 beneficial interests in
 the Company's junior
 subordinated debentures.      7,822       685  8.75        --        --    --         --         --    --
Other borrowed money.....        843        25  2.95        --        --    --         --         --    --
                           ---------  --------        ---------  --------        ---------  ---------
Total interest-bearing
 liabilities/rate paid
 interest/expense/average. $ 323,973  $ 16,172  4.99% $ 253,255  $ 12,917  5.10% $ 196,712  $   9,965  5.07%
                           =========  ========        =========  ========  ====  =========  =========  ====
Total liabilities........  $ 380,725                  $ 293,606                  $ 223,794
Shareholders' equity.....     27,016                     21,273                     21,535
                           ---------                  ---------                  ---------
Total liabilities and
 shareholders' equity....  $ 407,741                  $ 314,879                  $ 245,329
                           =========                  =========                  =========
Net interest income......             $ 15,013                   $ 11,714                   $   9,466
                                      ========                   ========                   =========
Net yield on average
 assets (5)..............                       4.00%                      3.98%                       4.13%
                                                ====                       ====                        ====
</TABLE>
- --------
(1) Average balances represent the average daily balance year to date.
(2) Principally taxable. The yield information does not give effect to changes
    in fair value that are reflected as a component of shareholders equity.
(3) Non-accruing loans included in computation of average balance.
(4) Interest income on loans includes fees of $492,000 in 1998, $352,000 in
    1997, and $525,000 in 1996.
(5) The net yield on average earning assets is the net interest income divided
    by average interest-earning assets.

                                      52
<PAGE>

   The effect on interest income, interest expense, and net interest income
for the periods indicated, of changes in average balance and rate, is shown
below for American Bancshares. The effect of a change in average balance has
been determined by applying the average rate at the year-end for the earlier
period to the change in average balance at the year-end for the later period.
Changes resulting from average balance/rate variances are included in changes
resulting from volume.

   The following table illustrates the changes in American Bancshares' net
interest income due to changes in volume and changes in interest rate on a
full tax equivalent basis. Changes attributable to the combined effect of
volume and interest rate have been allocated proportionately to the change due
to volume and the change due to interest rate.

<TABLE>
<CAPTION>
                                                    Year Ended December 31,
                          --------------------------------------------------------------------------------------
                                  1998 Compared to 1997                        1997 Compared to 1996
                          Increase (Decrease) Due to Change in:        Increase (Decrease) Due to Change in:
                          -------------------------------------        -------------------------------------
                             Average         Average       Total          Average       Average       Total
                            Volume (1)        Rate         Change        Volume (1)      Rate         Change
                          --------------   -----------   ------------  -------------- -----------   ------------
                                                    (Dollars in Thousands)
<S>                       <C>              <C>           <C>           <C>            <C>           <C>
INTEREST EARNING ASSETS:
Federal funds sold......   $        (264)   $        (6) $       (270)   $        208  $        (9) $        199
Investment securities...             819           (145)          674             867          184         1,051
Loans, net (2)..........           6,468           (319)        6,149           4,409         (458)        3,951
                           -------------    -----------  ------------    ------------  -----------  ------------
  Total interest income.         $ 7,023    $      (469) $      6,553    $      5,484  $      (283) $      5,201
                           =============    ===========  ============    ============  ===========  ============
INTEREST BEARING
 LIABILITIES:
NOW.....................   $          98    $       (54) $         38    $         72  $        (7) $         65
Money market............             470           (329)          141           1,067          (13)        1,054
Savings.................              42            (38)            4               2          (10)           (8)
Time....................           1,167           (113)        1,054           1,240           80         1,320
                           -------------    -----------  ------------    ------------  -----------  ------------
  Total interest on
   deposits.............         $ 1,777          $(540)       $1,237          $2,381          $50        $2,431
                           =============    ===========  ============    ============  ===========  ============
Securities sold under
 agreement to repurchase
 and borrow funds.......   $       1,488    $      (155) $      1,333    $        427  $        94  $        521
Guaranteed preferred
 beneficial interests in
 the Company's junior
 subordinated
 debentures.............             685            --            685             --           --            --
                           -------------    -----------  ------------    ------------  -----------  ------------
  Total interest
   expense..............         $ 3,950          $(695)       $3,255          $2,808        $ 144        $2,952
                           =============    ===========  ============    ============  ===========  ============
Change in net interest
 income.................   $       3,073    $       226  $      3,298    $      2,676  $      (427) $      2,249
                           =============    ===========  ============    ============  ===========  ============
</TABLE>
- --------
(1) Non-accruing loans are excluded form the average volumes used in
    calculating this table.
(2) Includes loan fees of $492,000 in 1998 and $352,000 in 1997.

Provision for Loan Losses

   For the years ended December 31, 1998, 1997, and 1996, the loan loss
provisions recorded were in the amounts of $1,180,000, $921,000, and $515,000,
respectively. The allowance for loan losses represented 0.94%, 1.07%, and
1.00% of portfolio loans as of December 31, 1998, 1997, and 1996,
respectively. The recorded loan loss provision has steadily increased during
the past three years as a result of management's estimate of the required
allowance for its growing loan portfolio coupled with an increase of loans
written-off and increased portfolio risk in 1998 as compared to 1997 and in
1997 as compared to 1996.

Non-Interest Income

   For the years ended December 31, 1998, 1997, and 1996, non-interest income
totaled $5,245,000, $4,156,000, and $2,148,000, respectively, an increase of
approximately 26% from 1997 to 1998, and 93% from

                                      53
<PAGE>

1996 to 1997. During 1998, service charges and fees increased to $1,878,000,
mortgage banking operations contributed $1,473,000, gain on the sale of
securities contributed $410,000, merchant fees increased to $750,000, and
other income contributed $734,000. For the 1997 fiscal year, service fees on
customer deposits contributed $1,812,000, mortgage banking operations
(including brokered loan fees and gains on the sale of loans) contributed
$1,198,000, fees on credit card merchant services contributed $479,000, gains
from sales of securities contributed $140,000, and other income increased to
$337,000. The increase in non-interest income in 1998 as compared to 1997 is
primarily due to gain on sales of loans and securities, mortgage servicing
rights, and merchant fees. Non-interest income increased in 1997 approximately
93% from the amounts generated in 1996. The increase in non-interest income in
1997 as compared to 1996 reflects American Bancshares' increase in its
mortgage banking operations through its acquisition of DesChamps in early
1997, a full year of credit card merchant service fees in 1997 versus a
partial year in 1996, and continued sales of both its mortgage loans held for
sale and the mortgage servicing rights.

   The following table summarizes the major components of non-interest income
for the periods indicated:

<TABLE>
<CAPTION>
                                                           Years Ended December
                                                                   31,
                                                           --------------------
                                                            1998   1997   1996
                                                           ------ ------ ------
                                                               (Dollars in
                                                                Thousands)
   <S>                                                     <C>    <C>    <C>
   Service charges and fees............................... $1,878 $1,812 $1,192
   Gain on sale of mortgage loans.........................  1,321    870    514
   Gain on sale of securities.............................    410    140    107
   Broker loan fees.......................................    152    327     33
   Merchant fees..........................................    750    479    262
   Other income...........................................    734    528     40
                                                           ------ ------ ------
     Total................................................ $5,245 $4,156 $2,148
                                                           ====== ====== ======
</TABLE>

Non-Interest Expense

   Non-interest expense for the years ended December 31, 1998, 1997, and 1996,
totaled $16,574,000, and $11,912,000, $9,856,000, respectively, substantially
all of which was general and administrative expenses. The increase in non-
interest expense in 1998 was due primarily to salaries and benefits, occupancy
costs, and the settlement of certain litigation. The increase in 1997 and 1996
was due primarily to the start-up costs associated with the opening of new
branches, hiring of additional lending staff and support staff for backroom
operations, and the related costs associated with such activities. For the
years ended December 31, 1998, 1997, and 1996, non-interest expenses were
4.06%, 3.78%, and 4.02%, respectively, of average assets. The largest
component, salaries and employee benefits, amounted to $7,015,000 or 42% in
1998, $5,181,000 or 43% in 1997, and $4,361,000 or 44% in 1996, respectively,
of total other expenses for the years ended 1998, 1997, and 1996. Management
continuously monitors non-interest expenses and the efficiency ratio in an
effort to maintain non-interest expenses at a level within industry standards,
to the extent consistent with American Bancshares' growth activities.

   The following table summarizes the various categories of non-interest
expense for the periods indicated:

<TABLE>
<CAPTION>
                                                          Years Ended December
                                                                  31,
                                                         ----------------------
                                                          1998    1997    1996
                                                         ------- ------- ------
                                                         (Dollars in Thousands)
   <S>                                                   <C>     <C>     <C>
   Salaries and employee benefits....................... $ 7,015 $ 5,181 $4,361
   Net occupancy and equipment expense..................   1,953   1,627  1,184
   Data processing fees.................................     946     917    925
   Litigation settlement................................     525     --     --
   ATM and credit card fees.............................     943     631    206
   Professional fees....................................     634     534    244
   Other expenses.......................................   4,558   3,022  2,936
                                                         ------- ------- ------
     Total.............................................. $16,574 $11,912 $9,856
                                                         ======= ======= ======
</TABLE>

                                      54
<PAGE>

Income Tax Expense

   For the three years ended December 31, 1998, 1997, and 1996, income tax
provisions totaling $877,000, $1,117,000, and $461,000 were recorded. The
decrease in income tax provisions in 1998 from 1997 is the result of decreased
earnings. The increase in income tax provision in 1997 from 1996 is the result
of increased earnings. The effective tax rate was 35%, 36.7% and 37% for each
of the years ended 1998, 1997, and 1996, respectively.

Asset/Liability Management

   One of American Bancshares' primary objectives is to control fluctuations
in net interest income caused by changes in interest rates. To manage interest
rate risk, American Bank's Board of Directors has established interest rate
risk policies and procedures which delegate to the Asset/Liability Management
Committee ("ALCO") the responsibility to monitor and report on interest rate
risk, devise strategies to manage interest rate risk, monitor loan origination
and deposit activity, and approve all pricing strategies.

   The management of interest rate risk is one of the most significant factors
affecting American Bancshares' ability to achieve future earnings. The
principal measure of American Bancshares' exposure to interest rate risk is
the difference between interest rate sensitive assets and liabilities for the
periods being measured, commonly referred to as the "gap" for such period. An
asset or liability is considered interest rate sensitive if it will reprice or
mature within the time period being analyzed. Controlling the maturity or
repricing of an institution's liabilities and assets in order to minimize
interest rate risk is commonly referred to as gap management. A gap is
considered positive when the amount of interest rate assets exceed the amount
of interest rate sensitive liabilities. When the opposite occurs, the gap is
considered to be negative. During periods of increasing interest rates, a
negative gap would tend to adversely affect income while a positive gap would
tend to result in net interest income. During periods of decreasing interest
rates, the inverse would tend to occur. If the maturities of interest rate
sensitive assets and liabilities were equally flexible and moved concurrently,
the impact of any material or prolonged increase or decrease in interest rates
or net interest income on existing assets or liabilities would be minimal. It
is common to focus on the one year gap, which is the difference between the
dollar amount of assets and the dollar amount of liabilities maturing or
repricing within the next twelve months.

   ALCO uses an external asset/liability modeling service to analyze American
Bank's current financial position and develop strategies prior to
implementation. The systems attempt to simulate American Bank's asset and
liability base and project future operating results under several interest
rate and spread assumptions. Management utilizes a simulation model, complete
with rate shock scenarios, to determine American Bancshares' sensitivity to
rate changes. Using historical data and prepayment assumptions, management
places each category of asset and liability in a time frame that it expects
its assets and liabilities to reprice.

   Under asset/liability management guidelines, American Bancshares' policy is
to maintain a cumulative one-year gap of no more than 15% of total assets,
primarily by managing the maturity distribution of its investment portfolio
and emphasizing loan originations tied to interest sensitive indices.
Additionally, American Bank has joined the FHLB to enhance its liquidity
position and provide the ability to utilize fixed rate advances to improve the
match between interest-earning assets and interest-bearing liabilities in
certain periods.

   American Bancshares' cumulative one year gap at December 31, 1998 was a
negative $58,191,000 (or -20.16%, expressed as a percentage of total assets).
This represents an increase of $4,552,000 in interest sensitive liabilities
over interest sensitive assets from December 31, 1997. This increase was due
primarily to the growth in NOW and money market accounts and repurchase
agreements. Management believes its negative gap position is mitigated by its
$119,438,000 in NOW, money market, and savings deposits, the majority of which
it considers to be core deposits.

                                      55
<PAGE>

   The following table presents the interest rate-sensitive assets and
liabilities of American Bank at December 31, 1998, which are expected to
mature or are subject to repricing in each of the time periods indicated. The
tables may not be indicative of American Bancshares' rate sensitive position
at other points in time. The balances have been derived based on the financial
characteristics of the various assets and liabilities. Adjustable and floating
rate assets are included in the period in which interest rates are next
scheduled to adjust rather than their scheduled maturity dates. Fixed rate
loans are shown in the periods in which they are scheduled to be repaid.
Repricing of time deposits is based on their scheduled maturities. Deposits
without a stated maturity are shown as repricing within ninety (90) days.

Interest Rate Sensitivity Analysis As Of December 31, 1998

<TABLE>
<CAPTION>
                                                       Term to Repricing
                              ---------------------------------------------------------------------------------
                                         90-180    181 Days       1-2       2-3       3-4       4+
                              90 Days     Days    to 365 Days    Years     Years     Years     Years    Total
                              --------   ------   -----------   -------   -------   -------   -------  --------
                                                       (Dollars in Thousands)
<S>                           <C>        <C>      <C>           <C>       <C>       <C>       <C>      <C>
Federal funds sold..........  $    --       --            --        --        --        --        --        --
Interest-bearing due from
 banks......................       104      --            --        --        --        --        --        104
Fixed rate loans............    86,467    8,633         7,613    13,956    27,806    24,821    74,487   243,783
Variable rate loans.........    57,719    7,218         9,843     4,504     1,102     3,922     9,940    94,248
Treasuries..................       --       --            505     1,537       --        --        --      2,042
Governmental agencies.......    20,881   10,984         6,010       --        --        --        --     37,875
State and municipal.........       --       --            --        --        --        --      1,647     1,647
Mortgage-backed securities..       --       --            --        --        --        --     18,780    18,780
Collateralized Mortgage
 Obligations................       --       --            --        --        --        --      9,975     9,975
Trust Preferred Securities..       --       --            --        --        --        781     4,108     4,889
Federal Home Loan Bank
 Stock......................     1,870      --            --        --        --        --        --      1,870
                              --------   ------       -------   -------   -------   -------   -------  --------
Total interest-earning
 assets.....................   167,041   26,835        23,971    19,997    28,908    29,524   118,937   415,213
NOW.........................    32,266      --            --        --        --        --        --     32,266
Money market................    72,497      --            --        --        --        --        --     72,497
Savings.....................    14,675      --            --        --        --        --        --     14,675
Certificates/IRS's<$100,000.    14,962   18,180        46,506    19,080    16,064     3,940     5,837  124, 569
Certificates/IRS's>$100,000.     5,795    6,990        14,675     4,090     4,550       912     1,703    38,715
Securities sold under
 agreements to repurchase...    29,592      --            --        --        --        --        --     29,592
Guaranteed preferred
 beneficial interests in the
 Company's junior
 subordinated debentures....       --       --            --        --        --        --     16,249    16,249
Federal Home Loan Bank
 advances...................     8,900      --         11,000    15,000       --        --        --     34,900
                              --------   ------       -------   -------   -------   -------   -------  --------
Total interest-bearing
 liabilities................   178,687   25,170        72,181    38,170    20,614     4,852    23,784   363,463
Interest sensitivity gap....   (11,646)   1,665       (48,210)  (18,173)    8,294    24,672    95,148    51,750
                              --------   ------       -------   -------   -------   -------   -------  --------
Cumulative gap..............  $(11,646)  (9,981)      (58,191)  (76,364)  (68,070)  (43,398)   51,750
                              ========   ======       =======   =======   =======   =======   =======
Cumulative gap ratio........      0.93     0.95          0.79      0.76      0.80      0.87      1.14
                              ========   ======       =======   =======   =======   =======   =======
Cumulative gap as a
 percentage of total assets.     (4.03)%  (3.46)%      (20.16)%  (26.45)%  (23.58)%  (15.03)%   17.93%
                              ========   ======       =======   =======   =======   =======   =======
</TABLE>

                                      56
<PAGE>

Market Risk Management

   In addition to gap analysis, the ALCO utilizes a model that further takes
into account and evaluates the market risk of American Bank's financial
position. Market risk represents to risk of loss from adverse changes in
market prices and interest rates. ALCO monitors the impact of changes in the
interest rates through the use of an Economic Value of Equity ("EVE") model.
EVE is the net present value of the balance sheet cash flows. This measures a
sudden increase or decrease in interest rates in 100 basis point increments
and the effect of such change on the net present value of equity. The
following table sets forth the estimated impact of immediate changes in
interest rates as of September 30, 1999:

<TABLE>
<CAPTION>
   Rate Change                           Eve                                               % Change
   -----------                           ---                                               --------
   <S>                                 <C>                                                 <C>
    -400                               $52,593                                              11.35 %
    -300                                49,766                                               5.37
    -200                                47,444                                               0.45
    -100                                46,387                                              (1.79)
     --                                 47,231                                                --
   + 100                                48,360                                               2.39
   + 200                                49,610                                               5.04
   + 300                                50,913                                               7.80
   + 400                                52,251                                              10.63
</TABLE>

   The preceding table indicates that at September 30, 1999, in the event of a
sudden and sustained increase or decrease in market rates the EVE would be
expected to increase, with the exception of a 100 basis point drop where the
EVE would be expected to decrease. These changes are the result of repricing
opportunities inherent in the balance sheet. Computations of forecasted
efforts of interest rates are based on numerous assumptions, such as market
interest rates, loan growth and prepayment, deposit maturities and retention
and should not be relied upon as indicative of future results. Also, the
computations do not take into effect any actions that the ALCO could undertake
in response to changes in interest rates.

Financial Condition

Lending Activities

   American Bancshares offers a broad range of personal and business loans and
mortgage loan products. American Bancshares aggressively pursues quality
indirect lending through local automobile dealerships, small to medium sized
commercial business loans, and direct residential loans. Also, through its
Mortgage Banking Division, American Bank has focused efforts on residential
loan originations that can be sold in the secondary market while it retains or
packages for sale the servicing rights. The Mortgage Banking Division
maintains relationships with correspondent lenders throughout the State of
Florida, ensuring continued lending efforts without a concentration in any one
area. Management believes this to be a prudent practice in the mortgage
banking area as it minimizes risks associated with the localized economic
downturns. The Mortgage Banking Division originates primary construction-to-
permanent financing loans, which are considered to have less risk of
nonpayment than construction only financings. In addition, with its
acquisition of DesChamps, a Bradenton based residential mortgage brokerage
company, in early 1997, American Bank also increased its origination of
residential mortgage loans in Manatee and Sarasota counties.

   Loan Portfolio Composition. At December 31, 1998, total loans included
portfolio loans of approximately $248.8 million, net, and loans held for sale
of approximately $88.2 million. Total loans represented approximately 74% of
American Bancshares' total assets at December 31, 1998. Management's objective
is to maintain its one-to-four family residential and construction loans at
30% of total loans. At December 31, 1998, approximately 35%, or $118.5
million, of its total loans were in one-to-four family residential and
construction loans, including approximately $59.1 million in mortgage loans
held for sale and

                                      57
<PAGE>

$29.1 million of construction loans held for sale. The following table
summarizes the composition of American Bank's loan portfolio (excluding loans
held for sale) by type of loan on the dates indicated.

<TABLE>
<CAPTION>
                                                   Year Ended December 31
                         ----------------------------------------------------------------------------------
                              1998             1997             1996            1995             1994
                         ---------------  ---------------  --------------- ---------------  ---------------
                          Amount     %     Amount     %     Amount     %    Amount     %     Amount     %
                         --------  -----  --------  -----  --------  ----- --------  -----  --------  -----
                                                   (Dollars in Thousands)
<S>                      <C>       <C>    <C>       <C>    <C>       <C>   <C>       <C>    <C>       <C>
TYPE OF LOAN:
Residential mortgage
 (1).................... $ 30,304   12.1% $ 54,243   25.2% $ 49,575   28.1 $ 46,032   33.1% $ 37,041   34.2%
Commercial (2)..........  159,356   63.6   112,039   52.1    82,172   46.6   61,064   43.8    46,774   43.2
Consumer and other
 loans (3)..............   60,768   24.3    48,827   22.7    44,691   25.3   32,169   23.1    24,479   22.6
                         --------  -----  --------  -----  --------  ----- --------  -----  --------  -----
Total loans............. $250,428  100.0% $215,109  100.0% $176,438  100.0 $139,265  100.0% $108,294  100.0%
LESS:
Allowance for loan
 losses.................   (2,355)          (2,311)          (1,761)         (1,609)          (1,374)
Net deferred costs
 (fees).................      735              607              588             430              450
                         --------         --------         --------        --------         --------
Total loans net......... $248,808         $213,405         $175,265        $138,086         $107,370
                         ========         ========         ========        ========         ========
</TABLE>
- --------
(1) Substantially all single family loans. Real estate construction loans are
    included in loans held for sale.
(2) Commercial consists of commercial real estate and other commercial loans.
(3) Includes consumer installment loans.

   Residential Mortgage Loans. This category of loans is comprised of mainly 1
to 4 single family residential loans. The decrease of this category of loans
during the period covered by the table is due to the reclassification of
Murdock's mortgage portfolio as held for sale. The loans held as portfolio
loans are primarily variable rate loans.

   Commercial Loans. This category of loan is comprised of commercial and
commercial real estate loans to local business involved primarily in light
manufacturing, service, retail, and wholesale activities. The growth in these
loans is attributable to the continued economic growth of the region and
American Bank's solicitation efforts in this area.

   Consumer Loans. This category of loans is comprised of consumer and other
loans that include automobile, personal lines of credit, boat, and credit
cards. The increase in these loans is primarily due to American Bank's
continued branching activities and solicitation of local automobile dealers.

   Loan Maturity Schedule. The following table sets forth the maturities of
loans outstanding as of December 31, 1998.

<TABLE>
<CAPTION>
                                               At December 31, 1998
                                       ------------------------------------
                                               Due after 1
                                       Due in   Year but     Due
                                       1 Year   Before 5    after
                                       or Less    Years    5 Years  Total
                                       ------- ----------- ------- --------
                                                (Dollars in Thousands)
   <S>                                 <C>     <C>         <C>     <C>      <C>
   1-4 Family Residential............. $ 3,670  $  9,117   $17,517 $ 30,304
   Other loans collateralized by real
    estate............................  11,886    43,248    45,060  100,194
   Commercial and consumer loans......  37,125    70,395    12,410  119,930
                                       -------  --------   ------- --------
   Total loans (1).................... $52,681  $122,760   $74,987 $250,428
                                       =======  ========   ======= ========
</TABLE>
- --------
(1) Excluding deferred fees, allowance for loan losses, and loans held for
    sale.

                                      58
<PAGE>

   Sensitivity of Loans to Changes in Interest Rates. The following table sets
forth as of December 31, 1998 the dollar amounts of loans due after one year
which had predetermined interest rates and loans due after one year which had
floating or adjustable interest rates.

<TABLE>
<CAPTION>
                              Dollar Amount of Loans
                                December 31, 1998
                              ----------------------
                              (Dollars in Thousands)
   <S>                        <C>
   Type of Interest Rate:
     Predetermined rate,
      maturity greater than
      one year...............        $157,886
     Floating or adjustable
      rate due after one
      year...................          39,861
                                     --------
     Total...................        $197,747
                                     ========
</TABLE>

Loan Classification

   Management seeks to maintain a level of high quality assets through
conservative underwriting and sound lending practices. Management intends to
follow this policy even though it may result in foregoing the funding of
higher yielding loans. Approximately 35% of American Bancshares' loan
portfolio, including loans held for sale, is collateralized by first liens on
primarily owner-occupied residential homes which have historically carried a
relatively low credit risk. American Bancshares also maintains a commercial
real estate portfolio comprised primarily of owner-managed commercial
businesses.

   In an effort to maintain the quality of the loan portfolio, management
seeks to minimize higher risk types of lending and additional precautions have
been taken when such loans are made in order to reduce American Bancshares'
risk of loss. Generally, construction loans present a higher degree of risk to
a lender depending upon, among other things, whether the borrower has
permanent financing at the end of the loan period, whether the project is an
income producing transaction in the interim, and the nature of changing
economic conditions including changing interest rates. While there is no
assurance that American Bancshares will not suffer losses on its construction
loans or its commercial real estate loans, management believes that it has
reduced the risks associated therewith because, among other things, primarily
all such loans relate to owner-occupied projects, projects where the borrower
has received permanent financing commitments from which American Bancshares
will be repaid, and projects where the borrower has demonstrated to American
Bancshares' management that its business will generate sufficient income to
repay the loan. American Bancshares primarily enters into agreements with
individuals who are familiar to American Bank personnel, are residents of
American Bancshares' primary market area and are believed by management to be
good credit risks.

   Commercial and financial loans also entail certain risks since they usually
involve large loan balances to single borrowers or a related group of
borrowers, resulting in a more concentrated loan portfolio. Further, since
their repayment is usually dependent upon the successful operation of the
commercial enterprise, they also are subject to adverse conditions in the
economy. Commercial loans are generally riskier than residential mortgages
because they are typically made on the basis of the ability to repay from the
cash flow of a business rather than on the ability of the borrower or
guarantor to repay. Further, the collateral underlying commercial loans may
depreciate over time, and occasionally cannot be appraised with as much
precision as residential real estate, and may fluctuate in value based on the
success of the business.

   In addition to maintaining high quality assets, management attempts to
limit American Bancshares' risk exposure to any one borrower or borrowers with
similar or related entities. As of December 31, 1998, American Bank has
extended credit in excess of $2 million to 20 borrowers.

   Loan concentrations are defined as amounts loaned to a number of borrowers
engaged in similar activities which would cause them to be similarly impacted
by economic or other conditions. American Bancshares, on a routine basis,
evaluates these concentrations for purposes of policing its concentrations and
to make necessary adjustments in its lending practices that most clearly
reflect the economic times, loan to deposit ratios, and industry trends. As of
December 31, 1998, total loans to any particular group of customers engaged in
similar activities or having similar economic characteristics did not exceed
10% of total loans.

                                      59
<PAGE>

   The Board of Directors of American Bancshares concentrates its efforts and
resources, and that of its senior management and lending officials, on loan
review and underwriting procedures. American Bancshares utilizes the services
of an independent consultant to perform periodic loan documentation and
compliance reviews as well as deposit and operations compliance reviews.
Internal controls include a loan review specialist employed by American Bank,
who performs on-going reviews of new and existing loans to monitor
documentation and ensure the existence and valuations of collateral. Senior
loan officers have established a review process with the objective of quickly
identifying, evaluating, and initiating necessary corrective action for
substandard loans. The goal of the loan review process is to address the watch
list, and substandard and non-performing loans, as early as possible.
Combined, these components are integral elements of American Bancshares' loan
program which has resulted in its loan portfolio performance to date.
Nonetheless, management maintains a cautious outlook in anticipating the
potential effects of uncertain economic conditions (both locally and
nationally) and the possibility of more stringent regulatory standards.

   Loans, including impaired loans, are generally classified by American
Bancshares as non-accrual loans if they are past due as to maturity or payment
of principal or interest for a period of ninety days or more, unless such
loans are well collateralized and in the process of collection. If a loan or a
portion of a loan is classified as doubtful or is partially charged off, the
loan is classified as a non-accrual loan. Loans that are on a current payment
status or past due less than ninety days may also be classified as non-accrual
if repayment in full of principal and/or interest is in doubt. Loans are not
returned to accrual status until the principal and interest payments are
brought current and future payments appear certain.

   Interest accrued and unpaid at the time a loan is placed in non-accrual
status is charged against interest income. During the time that a loan is
classified as non-accrual and the future collectability of the recorded loan
balance is doubtful, collections of interest and principal are generally
applied as a reduction to principal outstanding. When the future
collectability of the recorded loan balance is expected, interest income may
be recognized on a cash basis. In the case where a non-accrual loan had been
partially charged off, recognition of interest on a cash basis is limited to
that which would have been recognized on the recorded loan balance at the
contractual interest rate. Cash interest receipts in excess of that amount are
recorded as recoveries to the allowance for credit losses until prior charge-
offs have been fully recovered.

   Real estate acquired by American Bancshares as a result of foreclosure or
acceptance of deeds in lieu of foreclosure is classified as foreclosed real
estate. These properties are recorded on the date acquired at the lower of
fair value less estimated selling costs or the recorded investment in the
related loan. If the fair value after deducting the estimated selling costs of
the acquired property is less than the recorded investment in the related
loan, the estimated loss is charged to the allowance for loan losses at that
time. The resulting carrying value established at the date of foreclosure
becomes the new cost basis for subsequent accounting. After foreclosure, if
the fair value less estimated selling costs of the property becomes less than
its costs, the deficiency is charged to the provision for losses on foreclosed
real estate. Costs relating to the developmental improvement of the property
are capitalized, whereas those relating to holding the property for sale are
charged as an expense.

   As of December 31, 1998, American Bancshares had 20 loans on non-accrual
status totaling $429,000, or 0.17% of total loans. As of December 31, 1998,
American Bancshares had other real estate owned ("OREO") of approximately
$1,003,000, which consisted of six single family residences.

   In addition, American Bancshares performs ongoing reviews of its new and
existing loans to identify, evaluate, and initiate corrective action for
substandard loans. As of December 31, 1998, American Bancshares has identified
approximately 125 loans to 86 borrowers to be monitored on its watch list and
substandard list of loans, representing aggregate borrowings of approximately
$6,480,000. Of this aggregate amount, management has assessed the maximum risk
of loss to be $1,154,000 based on management's assessment of the ability of
such borrowers to comply with their present loan repayment terms and assuming
that the collateral for such loans must be liquidated. These loans have been
considered by management in its assessment of the allowance for loan losses
and none of these borrowers have failed to comply with their present loan
repayment terms.

                                      60
<PAGE>

   The following table sets forth certain information, as of the date
indicated, regarding non-accrual loans, restructured loans and loans 90 days
or more past due.

<TABLE>
<CAPTION>
                                                  At December 31,
                                         --------------------------------------
                                          1998    1997    1996    1995    1994
                                         ------  ------  ------  ------  ------
                                               (Dollars in Thousands)
<S>                                      <C>     <C>     <C>     <C>     <C>
NON-ACCRUAL LOANS
  Residential mortgage.................  $  225  $  762  $  934  $  130  $  685
  Commercial and commercial real
   estate..............................      71     153     133   1,017     341
  Consumer.............................     133      71      67      96      71
                                         ------  ------  ------  ------  ------
  Total non-accrual loans..............     429     986   1,134   1,243   1,097
TOTAL NON-PERFORMING LOANS (1).........      33     687     229       0       0
RESTRUCTURED LOANS.....................   2,320      22      24       0       0
                                         ------  ------  ------  ------  ------
TOTAL..................................  $2,782  $1,695  $1,387  $1,243  $1,097
                                         ======  ======  ======  ======  ======
Percentage non-accrual, non-performing
 and restructured loans to total loans.    1.11%    0.8%    0.8%    0.9%    1.0%
</TABLE>
- --------
(1) Accruing loans which are contractually past due 90 days or more as to
    principal or interest.

Allowance for Loan Losses

   In originating loans, American Bancshares recognizes that loan losses will
be experienced and that the risk of loss will vary with, among other things,
the type of loan being made, the creditworthiness of the borrower over the
term of the loan and, in the case of a collateralized loan, the quality of the
collateral for the loan as well as general economic conditions. It is
management's policy to maintain an adequate allowance for loan losses based
on, among other things, American Bancshares' historical loan loss experience,
evaluation of economic conditions, and regular reviews of delinquencies and
loan portfolio quality.

   Management continues to actively monitor American Bancshares' asset quality
and to charge-off loans against the allowance for credit losses when
appropriate or to provide specific loss allowances when necessary. Although
management believes it uses the best information available to make
determinations with respect to the allowance for loan losses, future
adjustments may be necessary if economic conditions differ from the economic
conditions in the assumptions used in making the initial determinations.

                                      61
<PAGE>

   The following table sets forth an analysis of American Bancshares'
allowance for loan losses for the periods indicated.

<TABLE>
<CAPTION>
                                    Years Ended December 31,
                          ----------------------------------------------------
                            1998       1997       1996       1995       1994
                          --------   --------   --------   --------   --------
                                     (Dollars in Thousands)
<S>                       <C>        <C>        <C>        <C>        <C>
Total loans at end of
 period (1).............  $250,428   $215,109   $176,438   $139,265   $108,294
Allowance at beginning
 of period..............     2,311      1,761      1,609      1,374      1,021
Loans charged-off during
 the period.............    (1,258)      (471)      (412)      (534)      (165)
Recoveries of loans
 previously charged-off.       122        100         49         67         57
                          --------   --------   --------   --------   --------
Net loans charged-off
 during the period......    (1,136)      (371)      (363)      (467)      (108)
Provisions charged to
 income.................     1,180        921        515        702        291
                          --------   --------   --------   --------   --------
Allowance at end of
 period.................  $  2,355   $  2,311   $  1,761   $  1,609   $  1,374
                          ========   ========   ========   ========   ========
Ratio of net charge-offs
 to average loans
 outstanding............      0.38 %     0.21 %     0.23 %     0.37 %     0.14 %
Allowance as a
 percentage of total
 loans..................      0.94 %     1.07 %     1.00 %     1.16 %     1.27 %
Allowance as a
 percentage of non-
 performing and non-
 accrual loans..........     509.7 %    138.1 %    129.2 %    129.4 %    125.2 %
</TABLE>
- --------
(1) Excludes loans held for sale.

   The following table sets forth a breakdown of the allowance for loan losses
by loan category for the periods indicated. Management believes that the
allowance can be allocated by category only on an approximate basis. The
allocation of an allowance to each category is not necessarily indicative of
future losses and does not restrict the use of the allowance to absorb losses
in any other category.

<TABLE>
<CAPTION>
                                                  At December 31,
                          --------------------------------------------------------------------
                              1998          1997          1996          1995          1994
                          ------------  ------------  ------------  ------------  ------------
                                 % Of          % Of          % Of          % Of          % Of
                                 Loans         Loans         Loans         Loans         Loans
                                  To            To            To            To            To
                                 Total         Total         Total         Total         Total
                          Amount Loans  Amount Loans  Amount Loans  Amount Loans  Amount Loans
                          ------ -----  ------ -----  ------ -----  ------ -----  ------ -----
<S>                       <C>    <C>    <C>    <C>    <C>    <C>    <C>    <C>    <C>    <C>
Residential
 mortgage (1)...........  $  310  12.1% $  773  25.2% $  615  28.1  $  468  33.1% $  463  34.2%
Commercial and
 Commercial real estate.     914  63.6     861  52.1     773  46.6     630  43.8     512  43.2
Consumer loans..........     639  24.3     641  22.7     342  25.3     233  23.1     251  22.6
Unallocated.............     492   0.0      36   0.0      31   0.0     278   0.0     148   0.0
                          ------ -----  ------ -----  ------ -----  ------ -----  ------ -----
Total allowance for loan
 losses.................  $2,355 100.0% $2,311 100.0% $1,761 100.0% $1,609 100.0% $1,374 100.0%
                          ====== =====  ====== =====  ====== =====  ====== =====  ====== =====
</TABLE>
- --------
(1) No allowance has been allocated to real estate construction since the
    amount such loans held in American Bancshares' loan portfolio at the
    periods indicated was not material.

   The measurement of impaired loans is based on the fair value of the loan's
collateral. The measurement of non-collateral dependent loans is based on the
present value of expected future cash flows discounted at the historical
effective interest rate. The components for the allowance for credit losses
are as follows:

<TABLE>
<CAPTION>
                                                          December 31,
                                                --------------------------------
                                                   1998       1997       1996
                                                ---------- ---------- ----------
      <S>                                       <C>        <C>        <C>
      Impaired loans........................... $  556,000 $  246,000 $  331,400
      Other....................................  1,799,000  2,065,000  1,429,600
                                                ---------- ---------- ----------
                                                $2,355,000 $2,311,000 $1,761,000
                                                ========== ========== ==========
</TABLE>

                                      62
<PAGE>

Investment Activities

   At December 31, 1998, 1997 and 1996, American Bancshares' investment
portfolio totaled $77,078,000, $68,664,000, and $43,509,000, respectively. The
investment portfolio consists of U.S. Treasury and federal agency securities,
trust preferred securities, municipal bonds, and FHLB stock. Maturities range
from three months to fifteen years with a portfolio average maturity of
approximately 5 years.
   Funds generated by American Bank as a result of increases in deposits or
decreases in loans which are not immediately used by American Bank are
invested in securities held in its investment portfolio. The investment
portfolio is used as a source of liquidity for American Bank. The investment
portfolio is structured so that it provides an ongoing source of funds for
meeting loan and deposit demands and for reinvestment opportunities to take
advantage of changes in interest rates.

   The following table summarizes American Bank's investment portfolio as of
the dates indicated.

Investment Securities Portfolio

<TABLE>
<CAPTION>
                                                            At December 31,
                                                        -----------------------
                                                         1998    1997    1996
                                                        ------- ------- -------
                                                        (Dollars in Thousands)
      <S>                                               <C>     <C>     <C>
      AVAILABLE FOR SALE (1):
      U.S. Treasury securities......................... $ 2,042 $ 4,039 $ 7,425
      U.S. Government Agencies.........................  37,875  55,847  22,080
      State and municipal..............................   1,647   1,164   1,034
      Trust Preferred Securities.......................   4,889       0       0
                                                        ------- ------- -------
      Total debt securities............................  46,453  61,050  30,539
      FHLB stock (restricted)..........................   1,870   1,709   1,075
      Mortgage-backed securities.......................  28,755   5,905  11,895
                                                        ------- ------- -------
      Total available for sale (2)..................... $77,078 $68,664 $43,509
                                                        ======= ======= =======
</TABLE>
- --------
(1) Carried at estimated market value. American Bancshares does not have any
    securities being held to maturity.
(2) Cost of such securities (dollars in thousands) was $77,309 as of December
    31, 1998, $68,438 as of December 31, 1997, and $43,664 as of December 31,
    1996

   The following table summarizes American Bancshares' securities (excluding
the restricted FHLB Stock and mortgage-backed securities) by maturity and
weighted average yields at December 31, 1998. Yields on tax exempt securities
are stated at their nominal rates and have not been adjusted for tax rate
differences.

<TABLE>
<CAPTION>
                                             After One     After Five
                                              Year But      Years But
                                               Within        Within        After 10
                         Within One Year      5 Years       10 Years         Years          Total
                         ----------------   ------------  -------------  -------------  -------------
                          Amount   Yield    Amount Yield  Amount  Yield  Amount  Yield  Amount  Yield
                         -------- -------   ------ -----  ------- -----  ------- -----  ------- -----
                                                 (Dollars In Thousands)
<S>                      <C>      <C>       <C>    <C>    <C>     <C>    <C>     <C>    <C>     <C>
At December 31, 1998:
U.S. Treasury
 securities.............  $   505    5.30%  $1,014 5.34%  $   523 7.46%  $     0 0.00%  $ 2,042 5.87%
U.S. Government
 agencies...............        0    0.00    2,015 6.54    11,030 6.75    24,830 6.64    37,875 6.67
State and municipals....        0    0.00        0 0.00         0 0.00     1,647 6.69     1,647 6.69
Trust preferred
 securities.............        0    0.00        0 0.00         0 0.00     4,889 8.67     4,889 8.67
                          ------- -------   ------ ----   ------- ----   ------- ----   ------- ----
                          $   505    5.30%  $3,029 6.13%  $11,553 6.78%  $31,366 6.71%  $46,453 6.69%
                          ======= =======   ====== ====   ======= ====   ======= ====   ======= ====
</TABLE>

Deposit Activities and Other Sources of Funds

   General. Deposit accounts are the primary source of funds of American
Bancshares for use in lending and other investment purposes. In addition to
deposits, American Bancshares draws funds from interest

                                      63
<PAGE>

payments, loan principal payments, loan and security sales, and funds from
operations (including various types of loan fees). Scheduled loan payments of
principal and interest are a relatively stable source of funds, while deposit
inflows and outflows are significantly influenced by general interest rates
and money market conditions. American Bancshares may use borrowings on a
short-term basis, if necessary, to compensate for reductions in the
availability of other sources of funds, or borrowings may be used on a longer
term basis for general business purposes.

   Deposit Activities. Deposits are attracted principally from within American
Bancshares' primary market area through the offering of a broad variety of
deposit instruments, including checking accounts, money market accounts,
savings accounts, certificates of deposit (including jumbo certificates in
denominations of $100,000 or more), and retirement savings plans. Total
deposits were $344,845,000, $302,746,000, and $232,433,000 at December 31,
1998, 1997, and 1996 respectively. The introduction of new products and the
continued focus on quality customer service have contributed to strong deposit
growth. American Bancshares continues to develop consumer and commercial
deposit relationships through referrals and additional contacts within its
market area. As of December 31, 1998, 1997, and 1996, jumbo certificates
accounted for $38,716,000, $36,170,000, and $24,702,000, respectively, of
American Bancshares' deposits. American Bancshares has not aggressively
attempted to obtain large denomination, high interest-bearing certificates
except to address a particular funding need. In an effort to fund the rapid
growth of the loan volume originated by the Mortgage Banking Division during
the fourth quarter of 1994, American Bancshares offered a five year
certificate of deposit and money market product at above market rates at that
time. In addition, in an effort to fund strong loan demand during 1996,
American Bancshares offered a five year certificate and money market product
at above market rates at that time. Although all of such deposits were
originated within American Bancshares' market area and substantially all were
not jumbo products, the regulators required American Bancshares to classify
these deposits as brokered deposits because the rate exceeded 75 basis points
over the then existing market rate.

   Maturity terms, service fees, and withdrawal penalties are established by
American Bancshares on a periodic basis. The determination of rates and terms
is predicated on funds acquisition and liquidity requirements, rates paid by
competitors, growth goals and federal regulations.

   Average Deposit Balance and Rates. The following table sets forth the
average balance and weighted average rates for American Bank's categories of
deposits for the period indicated.

<TABLE>
<CAPTION>
                                                         At December 31,
                          -----------------------------------------------------------------------------
                                    1998                      1997                      1996
                          ------------------------- ------------------------- -------------------------
                          Average  Average   % Of   Average  Average   % Of   Average  Average   % Of
                          Balance   Rate   Deposits Balance   Rate   Deposits Balance   rate   Deposits
                          -------- ------- -------- -------- ------- -------- -------- ------- --------
                                                     (Dollars In Thousands)
<S>                       <C>      <C>     <C>      <C>      <C>     <C>      <C>      <C>     <C>
Non-interest checking...  $ 56,275  0.00%     17    $ 38,753  0.00%     14    $ 25,787  0.00%     12
Interest checking and
 Money Market...........    97,280  3.48%     30      82,367  3.90%     30      55,853  3.74%     26
Savings.................    14,504  2.12%      4      12,773  2.38%      5      12,682  2.46%      6
Certificates of deposit.   157,172  6.01%     49     137,986  6.08%     51     117,407  6.03%     56
                          --------  ----     ---    --------  ----     ---    --------  ----     ---
Total...................  $325,231           100    $271,879           100    $211,729           100
                          ========           ===    ========           ===    ========           ===
</TABLE>

   Certificates of Deposit. At December 31, 1998, certificates of deposit
represented approximately 49% of American Bancshares' total deposits, as
compared to 51% of total deposits at December 31, 1997, and 56% at December
31, 1996. American Bancshares does not have a concentration of deposits from
any one source, the loss of which would have a material adverse effect on the
business of American Bancshares. Management believes that substantially all of
American Bancshares' depositors are residents, either full or part time, in
its primary market area.

                                      64
<PAGE>

   The following table summarizes the amount of American Bancshares'
certificates of deposit of $100,000 or more by time remaining until maturity
at December 31, 1998 and December 31, 1997.

<TABLE>
<CAPTION>
                                                 At December 31, At December 31,
                                                      1998            1997
                                                 --------------- ---------------
                                                      (Dollars In Thousands)
                   Maturity Period
                   ---------------
      <S>                                        <C>             <C>
      Less than three months....................     $ 5,795         $ 6,486
      Over three months through six months......       6,990           5,197
      Over six months through twelve months.....      14,675          10,208
      Over twelve months........................      11,256          14,279
                                                     -------         -------
      Totals....................................     $38,716         $36,170
                                                     =======         =======
</TABLE>

   The following table indicates the scheduled maturities of time deposits of
American Bancshares as of December 31, 1998 and December 31, 1997.

<TABLE>
<CAPTION>
                                                 At December 31, At December 31,
                                                      1998            1997
                                                 --------------- ---------------
                                                      (Dollars In Thousands)
                   Maturity Period
                   ---------------
      <S>                                        <C>             <C>
      Due within one year.......................    $107,108        $ 86,347
      Due after one through two years...........      23,170          34,662
      Due after two through three years.........      20,614          13,487
      Due after three through four years........       4,852          19,389
      Due after four years......................       7,540           5,095
                                                    --------        --------
                                                    $163,284        $158,980
                                                    ========        ========
</TABLE>

   Deposit Flows. The following table sets forth the deposit flows of American
Bancshares during the periods indicated.

<TABLE>
<CAPTION>
                                                         Years Ended December
                                                                  31,
                                                        -----------------------
                                                         1998    1997    1996
                                                        ------- ------- -------
                                                        (Dollars In Thousands)
      <S>                                               <C>     <C>     <C>
      Net increase before interest credited............ $28,961 $58,717 $35,966
      Net credited.....................................  13,138  11,596   9,740
                                                        ------- ------- -------
      Net deposit increase............................. $42,099 $70,313 $45,706
                                                        ======= ======= =======
</TABLE>

   Borrowings. American Bancshares has borrowed funds during the past to fund
short-term cash requirements. None of such funds were used to fund loan
activity. In the future, if there are periods when the supply of funds from
deposits cannot meet the demand for loans, American Bancshares has the ability
to seek a portion of the needed funds through loans (advances) from the FHLB
of Atlanta where American Bancshares, as of December 31, 1998, had a $50
million line of credit. As of December 31, 1998, $34.9 million has been
borrowed on the line and $15.1 million remained available for future use. As
of March 26, 1999, the line of credit has been increased to $75 million, of
which $45.6 million have been borrowed.

Liquidity and Capital Resources

   Liquidity is defined as the ability of American Bancshares to generate
sufficient cash to fund current loan demand, deposit withdrawals, other cash
demands and disbursement needs, and otherwise to operate on an ongoing basis.
American Bank's principal sources of funds are deposits, principal and
interest payments on loans, sale of loans, interest on investments, and the
sale of investments. During 1998, American Bank received $42.1 million from
deposit growth, $50.5 million from the sale of investments, and $50.1 million
from maturing

                                      65
<PAGE>

investments. In addition, American Bank also has the ability to borrow from
the FHLB to supplement its liquidity needs. At December 31, 1998, American
Bank had outstanding borrowings of approximately $34.9 million under its line
of credit with the FHLB.

   American Bancshares's liquidity needs and funding are provided through the
sale of its equity securities and the issuance of certain debt instruments. In
this regard, on May 21, 1998, American Bancshares formed ABI Capital Trust, a
Delaware statutory trust and a wholly-owned subsidiary of American Bancshares
(the "Trust"), for the purpose of (i) issuing and selling in common securities
to American Bancshares and its trust preferred securities to the public, and
(ii) using the proceeds therefrom to purchase 8.5% Deferrable Interest
Debentures ("Junior Subordinated Debentures") from American Bancshares.
Accordingly, the Junior Subordinated Debentures were to be, and are, the sole
asset of the Trust. In July 1998 and August 1998, the Trust sold $16,249,420
of its trust preferred securities to the public and $502,570 of its common
securities to American Bancshares. The Trust used the proceeds to purchase
$16,751,990 Junior Subordinated Debentures issued by American Bancshares. Of
the net proceeds of approximately $15.4 million, American Bancshares has
invested $8.0 million in American Bank as an additional capital contribution,
and repaid other outstanding indebtedness totaling approximately $3.0 million.
The balance of the funds will be used for general corporate purposes,
including but not limited to (a) making additional capital contributions to
American Bank, (b) making additional capital contributions to the Finance
Company, (c) investing in other business opportunities as may present
themselves from time to time, and (d) working capital. Following the offer and
sale of the Trust's securities, American Bancshares owned and currently holds
all of the outstanding common securities of the Trust, its only voting
securities, and as a result the Trust is a subsidiary of American Bancshares.

   At December 31, 1998, shareholders' equity was approximately $27,427,000,
or 6.03% of total assets, as compared to $26,079,000 at December 31, 1997, or
7.37% of total assets. At December 31, 1998 and December 31, 1997,
respectively, American Bancshares' Tier I leverage ratio was 8.1% and 7.28%,
the Tier I risk-based capital ratio was 11.4% and 9.81% and the total risk-
based capital ratio was 12% and 10.48%, all in excess of FRB guidelines for a
"well capitalized" bank holding company.

   At December 31, 1998 and December 31, 1997, the liquidity ratio of American
Bancshares was 42.53%, and 35.79%, respectively, well in excess of regulatory
requirements.

   Total assets of American Bancshares increased by 3.58% to $471,459,000 as
of September 30, 1999 from $455,164,000 as of December 31, 1998 and 7.7% from
$437,739,000 as of September 30, 1998. The increase in assets from December
31, 1998, was primarily the result of increases in net loans of $22,721,000 to
$359,687,000 and mortgage backed securities of $5,520,000 to $34,275,000. The
increases in assets from December 31, 1998 to September 30, 1999 were funded
through increases in deposits of $7,293,000 to $352,138,000 and increases in
borrowings of $8,250,000 to $43,150,000.

   As of September 30, 1999, American Bank's Tier 1 leverage ratio was 8.45%,
Tier 1 to risk weighted assets was 11.51% and total risk based capital was
12.17%, resulting in a classification of "Well Capitalized" under FDIC
guidelines. American Bank, through its Asset/Liability Committee, monitors,
among other things, American Bank's capital and liquidity position, making
adjustments to deposit, loan, and investment strategies as necessary. American
Bank continues to maintain adequate liquidity levels with a liquidity ratio at
September 30, 1999 of 41.66%. American Bank is a member of the Federal Home
Loan Bank of Atlanta (FHLB). The FHLB has approved a line of credit for
American Bank totaling $89,393,000 collateralized by qualifying mortgages and
all of American Bank's FHLB stock. As of September 30, 1999, advances totaling
$43,150,000 were outstanding. American Bank also maintains Federal Funds
Purchased agreements with several correspondent banks to provide sources of
overnight funds. As of September 30, 1999, American Bank had no federal funds
purchased.

   Management believes that there are adequate funding sources to meet its
future liquidity needs for the foreseeable future. Primary among these funding
sources are the repayment of principal and interest on loans, the renewal of
time deposits, and the growth in the deposit base. Management does not believe
that the terms

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<PAGE>

and conditions that will be present at the renewal of these funding sources
will significantly impact American Bancshares' operations, due to its
management of the maturities of its assets and liabilities. However, in order
to finance the continued growth of American Bank at current levels, additional
funds may be necessary in order to provide sufficient capital to fund loan
growth. There can be no assurance that American Bancshares will be able to
obtain such additional financing, if needed, or, if available, that it can be
obtained on terms favorable to American Bancshares.

Return on Equity and Assets

   The following table sets forth certain selected performance ratios of
American Bancshares for the periods indicated:

<TABLE>
<CAPTION>
                                At December
                                    31,
                               ------------------
                               1998   1997   1996
                               ----   ----   ----
                                (Dollars In
                                 Thousands)
      <S>                      <C>    <C>    <C>
      Return on average
       assets................. 0.40 % 0.61 % 0.32 %
      Return on average
       equity................. 6.02 % 9.03 % 3.63 %
      Dividend payout ratios..   (1)    (1)    (1)
      Average equity to
       average assets......... 6.63 % 6.79 % 8.76 %
</TABLE>
- --------
(1) American Bancshares has not paid any dividends since inception.

Impact of Inflation and Changing Prices

   The financial statements and related financial data presented herein
concerning American Bancshares have been prepared in accordance with generally
accepted accounting principles, which require the measurement of financial
position and operating results in terms of historical dollars, without
considering changes in the relative purchasing power of money over time due to
inflation. The primary impact of inflation on the operations of American
Bancshares is reflected in increased operating costs. Unlike most industrial
companies, virtually all of the assets and liabilities of a financial
institution are monetary in nature. As a result, changes in interest rates
have a more significant impact on the performance of American Bancshares than
do the effects of changes in the general rate of inflation and changes in
prices. Interest rates do not necessarily move in the same direction or in the
same magnitude as the prices of goods and services.

Federal and State Taxation

   Federal Income Taxation. Although a bank's income tax liability is
determined under provisions of the Code, which is applicable to all taxpayers
or corporations, Sections 581 through 597 of the Code apply specifically to
financial institutions.

   The two primary areas in which the treatment of financial institutions
differ from the treatment of other corporations under the Code are in the
areas of bond gains and losses and bad debt deductions. Bond gains and losses
generated from the sale or exchange of portfolio instruments are generally
treated for financial institutions as ordinary gains and losses as opposed to
capital gains and losses for other corporations, as the Code considers bond
portfolios held by banks to be inventory in a trade or business rather than
capital assets. Banks are allowed a statutory method for calculating a reserve
for bad debt deductions.

   State Taxation. American Bancshares files state income tax returns in
Florida. Florida taxes banks under primarily the same provisions as other
corporations. Generally, state taxable income is calculated under applicable
Code sections with some modifications required by state law.

Future Accounting Requirements

   Financial Accounting Standards Board ("FASB") has issued Statement of
Financial Accounting Standards No. 133, "Accounting for Derivative Instruments
and Hedging Activities ("SFAS 133")." This statement

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<PAGE>

requires all derivatives to be recorded on the balance sheet at fair value and
establishes standard accounting methodologies for hedging activities. The
standard will result in the recognition of offsetting changes in value or cash
flows of both the hedge and the hedged item in earnings or comprehensive
income in the same period. The statement is effective for American Bancshares'
fiscal year ending December 31, 2000. Because American Bancshares does not
currently hold any derivative instruments, the adoption of this statement will
have no impact on the financial statements.

   FASB also has issued Statement of Financial Accounting Standards No. 134,
"Accounting for Mortgage-Backed Securities retained after the Securitization
of Mortgage Loans Held for Sale by a Mortgage Banking Entity ("SFAS 134")".
This statement amends SFAS No. 65 allowing mortgage-backed securities or other
retained interests arising from the securitization of mortgage loans to be
classified based on the mortgage banking entities' ability and intent to sell
or hold those securities. Previously these securities had to be held within a
trading account. This statement is effective for American Bancshares' fiscal
year ending December 31, 1999. The adoption of this standard is not expected
to have a significant impact on the financial statements.

Year 2000 Compliance

   Year 2000 Issues and State of Readiness. American Bancshares is aware of
the issues associated with existing computer-controlled systems properly
recognizing and processing information relating to dates in and after the Year
2000. Systems that cannot adequately process dates beyond the year 1999 could
generate erroneous data or cause a system to fail. Because the Year 2000 issue
poses an unprecedented enterprise wide challenge for every organization,
American Bancshares formed a Year 2000 Committee ("Y2K Committee"). The Y2K
Committee developed a Year 2000 Project Plan ("Y2K Plan") which addresses both
internal and external technology. The data processing systems and software
include those developed and maintained by American Bancshares' third-party
data processing vendors and purchased software which is run on in-house
computer networks.

   In 1997 American Bancshares, through the Y2K Committee, initiated a review
and assessment of all hardware and software to confirm that it will function
properly in the Year 2000. Each system was evaluated for its degree of
significance to the operations of American Bancshares and detailed test plans
were developed for those systems determined to be of a critical nature.

   Third-party data processing vendors (primarily M&I Data Services, Inc. for
its general ledger, deposits, and portfolio loans; Essex Home Mortgage
Servicing Corp. for its loans held for sale; Compass Bank for its investment
portfolio, and Contour, Inc. for its mortgage loan processing systems) have
been contacted and American Bancshares has obtained verification from these
vendors that these systems will function properly in the Year 2000.

   With respect to purchased software and electronic hardware devices
currently in use, American Bancshares has inventoried these items to determine
which of these devices rely on a valid date in order to function. American
Bancshares has contacted those vendors identified through this inventory, who
have indicated that their hardware and software is or will be Year 2000
compliant in time frames that meet regulatory requirements.

   Non-information technology embedded systems consisting primarily of
security systems, HVAC controls and elevators have also been reviewed. These
systems were found to be generally Year 2000 compliant.

   American Bancshares also has relationships with suppliers and other
companies. American Bancshares has contacted key suppliers of goods or
services regarding their Year 2000 readiness. They are in the process of
reviewing their systems. American Bancshares will continue to monitor these
suppliers as to their Year 2000 readiness.

   Risks Associated with Year 2000 and Contingency Plan. Based on information
currently available to American Bancshares, American Bancshares believes that
the most reasonably likely worst case Year 2000 scenario with respect to
American Bancshares relate to the potential failure of third party data
processing vendors

                                      68
<PAGE>

to become Year 2000 compliant. The inability of these third party data
processing vendors to complete their Year 2000 remediation processes in a
timely fashion could result in delays in processing daily transactions and
could result in a material and adverse effect on American Bancshares' results
of operations and financial condition. American Bancshares has developed a
contingency plan to address potential failures in these systems. American
Bancshares believes that modifications to existing systems, conversion to new
systems, and vendor compliance upgrades will be resolved on a timely basis.

   Expenses Related to Year 2000 Compliance. American Bancshares's current
assessment of cost associated with the completion of its Y2K Plan is not
considered by management to be material to American Bancshares' future
operations. Through September 30, 1999, American Bancshares has expended
$71,000 on its Y2K Plan and anticipates additional costs of approximately
$25,000, to be incurred in 1999. The cost of completing American Bancshares'
Y2K Plan and the dates on which all procedures will be completed are based on
management's best estimates. These estimates were derived utilizing various
assumptions about future events, including the continued availability of
resources, external technology, modification plans and other significant
factors. However, there can be no guarantee that these estimates will be
achieved and actual results could differ materially from those currently
anticipated.

                      COMPARATIVE RIGHTS OF STOCKHOLDERS

   The rights of American Bancshares' stockholders are currently governed by
the Florida Business Corporation Act and American Bancshares' Articles of
Incorporation and Bylaws adopted thereunder. As a result of the merger, the
stockholders of American Bancshares will become stockholders of Gold Banc,
whose rights are governed by Kansas law and Gold Banc's Articles of
Incorporation and Bylaws adopted thereunder. The following discussion is
intended only to highlight certain differences between the rights of corporate
stockholders under Kansas law and Florida law generally and specifically with
respect to the stockholders of American Bancshares and Gold Banc. The
discussion is not intended as a complete statement of all such differences,
and American Bancshares' stockholders are referred to those laws and governing
documents for a definitive treatment of the subject matter.

Authorized and Outstanding Capital Stock

   Both Kansas and Florida law require a corporation's governing corporate
documents to set forth the total number of shares of stock which the
corporation has the authority to issue. The authorized capital stock of
American Bancshares consists of 20,000,000 shares of common stock, of which
approximately 5,032,584 shares are currently outstanding, and 5,000,000 shares
of preferred stock, of which no shares are currently outstanding. The
authorized capital stock of Gold Banc consists of 50,000,000 shares of common
stock, of which approximately            shares are currently outstanding, and
10,000,000 shares of preferred stock, of which no shares are currently
outstanding.

Election of Directors

   Under Florida law, directors, unless their terms are staggered, are elected
at each annual stockholder meeting. Vacancies on the board of directors may be
filled by the stockholders or directors. The articles of incorporation may
authorize the election of certain directors by one or more classes or series
of shares, and the articles of incorporation, an initial bylaw or a bylaw
adopted by a vote of the stockholders may provide for staggered terms for the
directors. The articles of incorporation or the bylaws also may allow the
stockholders or the board of directors to fix or change the number of
directors, but a corporation must have at least one director. The Articles and
Bylaws of American Bancshares have set the number of directors at between five
(5) and twenty-five (25) persons, subject to change within these limits by a
majority of the entire board of directors.

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<PAGE>

   The American Bancshares' Articles has only one class of directors. Each
director is to be elected at the annual meeting to serve a one-year term.
Newly created directorships and vacancies on the American Bancshares board
maybe filled by the affirmative vote of a majority of the remaining directors
then in office, or by a sole remaining director, or by the shareholders. Under
Florida law, stockholders do not have cumulative voting rights unless the
articles of incorporation so provide. The American Bancshares' Articles do not
provide for cumulative voting.

   The former stockholders of American Bancshares will have rights under
Kansas law in the election of directors similar, though not identical, to
those provided by Florida law. Directors, unless their terms are staggered,
are elected at each annual stockholder meeting under Kansas law. Vacancies on
the board of directors may be filled (1) by a majority of directors then in
office or (2) whenever the holders of any class or classes of stock or series
thereof are entitled to elect one or more directors by the articles of
incorporation, by a majority of the directors elected by such class or classes
or series thereof then in office, or by a sole remaining director so elected.
The articles of incorporation may authorize the election of certain directors
by one or more classes or series of shares. The number of directors shall be
fixed by, or in the manner provided in, the bylaws, unless the articles of
incorporation establish the number of directors, in which case an amendment to
the articles is required to change the number of directors.

   The Gold Banc Articles fix the number of members of the board of directors
at between three and fifteen persons, subject to change within these limits by
a majority of the entire board of directors. The board of directors is divided
into three classes, serving staggered terms. The Gold Banc Articles provides
that vacancies on the board are to be filled by the remaining members and any
director so chosen shall hold office until the next election of the class for
which such directors shall have been chosen. Under Kansas law, stockholders do
not have cumulative voting rights for the election of directors unless the
articles of incorporation so provide. The Gold Banc Articles do not provide
for cumulative voting.

Removal of Directors

   Under Florida law, a director may be removed by a corporation's
shareholders with or without cause, unless the articles provide that a
director can be removed only for cause, at a duly convened special meeting of
shareholders called for that purpose when a quorum is present if the votes
cast in favor of removal exceed the vote cast opposing removal; provided that,
if a director is elected by a voting group, only the shareholders of that
voting group may participate in the vote to remove him or her. Such action
also may be taken in action by written consent where a majority of the
outstanding shares consent to the removal of the director. Under American
Bancshares' Articles, any director or the entire board of directors, may be
removed from office at any time, but only for cause and only by the
affirmative vote of the holders of at least 66 2/3% of the voting power of all
capital stock of American Bancshares entitled to vote generally in the
election of directors, voting together as a single class.

   Kansas law provides that any director may be removed with or without cause
by a majority of the shares then entitled to vote at an election of directors
unless director terms are staggered. In the case of staggered terms, unless
the articles of incorporation provide otherwise, stockholders may remove
directors only for cause or, in the case of a corporation having cumulative
voting for directors, if less than the entire board is to be removed, no
director may be removed without cause if the votes cast against such
director's removal would be sufficient to elect such director if then
cumulatively voted at an election of the entire board of directors or, if
there be classes of directors, at an election of the class of directors of
which such director is a part. The Gold Banc Articles provides that a director
may be removed from office at anytime, but only for cause by the holders of a
majority of the voting power of all of the shares of the corporation entitled
to vote in the election of directors, or only for cause by a majority of the
board of directors.

Amendments to Articles of Incorporation

   The Florida Business Corporation Act generally requires the affirmative
vote of the holders of at least a majority of the votes actually cast on an
amendment to the articles of incorporation (i.e., the votes cast in favor of
such amendment at meeting where a quorum is present must exceed the votes cast
against the amendment); provided, however, a majority of the votes entitled to
be cast on the amendment is required with respect to an amendment that would
create dissenters' rights. Under Florida corporate law, shareholder approval
is not required for certain non-material amendments.

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<PAGE>

   Kansas law provides that an amendment to the articles of incorporation of a
corporation must be approved by at least a majority of the outstanding stock
entitled to vote upon the proposed amendment, and by at least a majority of
the outstanding stock of each class entitled to vote thereon as a class. The
articles of incorporation may state a greater number or proportion required
for approval. The Gold Banc Articles requires a vote of two-thirds of the
outstanding shares of the common stock of the corporation to amend Articles
Four, Five, Six, Seven, Eight, Nine, Ten, Twelve or Thirteen of its Articles
of Incorporation.

Amendments to Bylaws

   Florida law provides that a corporation's bylaws may be amended by the
board of directors unless such power is expressly reserved to the shareholders
by the articles of incorporation. American Bancshares' Bylaws may be amended
by the board of directors or the shareholders.

   Kansas law provides that the right to adopt, amend or repeal bylaws of a
corporation shall be vested in the corporation's board of directors, unless
otherwise provided in such corporation's articles of incorporation and subject
to the right of the stockholders to adopt, amend or repeal the bylaws. The
Gold Banc Articles require the affirmative vote of at least two-thirds of the
outstanding stock to amend or repeal Articles II, III and VI of the bylaws of
Gold Banc.

Special Meetings of Stockholders

   Under Florida law, a special meeting of shareholders of a Florida
corporation may be called by the board of directors, persons authorized by
articles of incorporation or bylaws, and the holders of shares entitled to
cast not less than 10% of all shares entitled to vote at the meeting, unless a
different percentage, not to exceed 50%, is provided in the articles of
incorporation. The American Bancshares' Articles provide that special meetings
of shareholders may be called by the American Bancshares' Board, Chairman of
the Board, the President, or by the holders of not less than 50% of the votes
entitled to be cast on any issues proposed to be considered at the special
meeting.

   Kansas law provides that special meetings of stockholders of a corporation
may be called by the corporation's board of directors or by such other persons
as may be authorized in the corporation's articles of incorporation or bylaws.
The Gold Banc Bylaws provide that a special meeting may be called by the chief
executive officer, a majority of the board of directors, and shall be called
at any time by the Chairman of the Board, the Chief Executive Officer, or the
Secretary upon the request of stockholders owning 55 percent of the
outstanding stock of the corporation entitled to vote at such meeting.

Stockholder Action by Written Consent

   Under Florida law and American Bancshares' Bylaws, American Bancshares'
stockholders may take any action by written consent if the consent is signed
by the holders of outstanding shares entitled to vote thereon having not less
than the minimum number of votes that would be necessary to authorize such
action. Under Gold Banc's Articles, however, Gold Banc's stockholders may not
take any action without a meeting.

Notice of Stockholder Proposals

   Under the Florida Business Corporation Act and the American Bancshares'
Bylaws, notice of shareholder meetings must be provided to each shareholder of
record entitled to vote at such meeting not less than 10, nor more than 60
days prior to the meeting. The American Bancshares' Bylaws provide that before
a matter can be properly brought before the annual meeting of shareholders,
such business must be either (1) specified in the notice of the meeting given
at the direction of the American Bancshares Board, (2) otherwise properly
brought before the meeting by the American Bancshares' Board, or (3) otherwise
properly brought before the meeting by an American Bancshares' Shareholder. In
order for a shareholder to properly bring any business before the annual
meeting, such shareholder generally must provide a notice to the Secretary of
American Bancshares containing

                                      71
<PAGE>

certain required information not less than 50, nor more than 75 days prior to
such annual meeting. If such meeting is not properly noticed, it can not be
presented at the annual meeting unless the American Bancshares' Board should
decide otherwise.

   Gold Banc's Bylaws provide that at any special meeting of the stockholders,
only the business specified in the notice of a special meeting may be
addressed at the meeting, but a stockholder is allowed to address any business
at an annual meeting if the procedural requirements are met. In order for a
matter to be properly brought before the annual meeting by a stockholder, the
stockholder must provide notice of the matter to Gold Banc not less than 120
days prior to the meeting and delivery of specified information of the type
customarily required by such provisions.

Vote on Extraordinary Corporate Transactions

   Florida law provides that, unless otherwise specified in a corporation's
certificate of incorporation or unless the provisions of Florida law relating
to "business combinations" discussed below are applicable, a sale or other
disposition of all or substantially all of the corporation's assets or a
merger or consolidation of the corporation with another corporation or a
dissolution of the corporation requires the affirmative vote of the board of
directors (except in certain limited circumstances) plus, with certain
exceptions, the affirmative vote of a majority of the outstanding stock
entitled to vote thereon. The foregoing provisions apply to American
Bancshares and its stockholders.

   Kansas law is similar to Florida law in that, except as described below
with respect to "business combinations," a sale or other disposition of all or
substantially all of the corporation's assets, a merger of the corporation
with and into another corporation or a dissolution of the corporation requires
the affirmative vote of the board of directors (except in certain limited
circumstances) plus, with certain exceptions, the affirmative vote of a
majority of all shares of stock entitled to vote thereon. The foregoing
provisions apply to Gold Banc and its stockholders.

Dividends

   The payment of dividends or other distributions is governed by the Florida
Business Corporation Act. The Florida Business Corporation Act generally
provides that a corporation may make distributions to its shareholders unless,
after giving effect thereto, it would be unable to satisfy its debts as they
become due in the ordinary course of business or if the corporation's total
assets would be less than its total liabilities plus the amount that would be
needed, if it were to be dissolved at the time of the distribution, to satisfy
preferential rights of shareholders whose preferential rights are superior to
those of the class of shareholders receiving the dividend or other
distribution.

   Kansas law provides that, subject to any restrictions contained in a
corporation's articles of incorporation, the directors of a corporation may
authorize the payment of dividends to that corporation's stockholders either
(1) out of its surplus or (2) if no surplus exists, out of its net profits for
the fiscal year in which the dividend is declared or the preceding fiscal
year. Provided, however, that no such dividend may be paid out of net profits
if the capital of the corporation shall have been diminished to an amount less
than the aggregate amount of the capital represented by the issued and
outstanding stock of all classes having a preference upon the distribution of
assets until such deficiency is repaired. Other than the restrictions imposed
by Kansas law, the Bylaws and Articles of Gold Banc contain no additional
restrictions on the declaration or payment of dividends, other than certain
guidelines are outlined for dividends on common and preferred stock.

Appraisal Rights of Dissenting Stockholders

   Under the Florida Business Corporation Act a shareholder is entitled to
dissent and obtain payment of the fair value of his or her shares in the event
of, among other things, (a) consummation of a plan of merger to which the
corporation is a party, if either (1) shareholder approval is required and the
shareholder is entitled to vote on the merger or (2) the corporation is a
subsidiary that is owned 80% by and is merged into its parent;

                                      72
<PAGE>

(b) consummation of a plan of share exchange to which the corporation is a
party as the corporation whose shares will be acquired, if the shareholder is
entitled to vote on the plan; (c) consummation of a sale or exchange of
substantially all of the property of the corporation other than in the usual
and regular course of the business if shareholder approval is required; (d) an
amendment to the articles of incorporation that adversely affects the rights
in respect of the dissenter's shares in specified ways; (e) in the event of a
control share acquisition as discussed in Section 607.109 of the Florida
Business Corporation Act; or (f) any corporate action pursuant to a
stockholder vote to the extent that the articles of incorporation provide that
dissenters' rights shall apply. Dissenters' rights are not available, however,
if the class of securities entitled to vote on those matters identified above
are either registered on a national securities exchange, designated for
listing on Nasdaq National Market, or are held by 2,000 or more shareholders.
Since the American Bancshares' common stock is listed on the Nasdaq National
Market, dissenter's rights will not be generally available to American
Bancshares' shareholders.

   Kansas law requires the corporation surviving or resulting from any merger
or consolidation to provide stockholders notice of the effectiveness of the
merger or consolidation if such stockholders filed with the corporation a
written objection to the merger or consolidation before the taking of the vote
on the merger or consolidation, and whose shares were either not entitled to
vote or were not voted in favor of the merger or consolidation. Such
stockholders then have twenty days from the mailing date of such notice to
demand in writing from the corporation payment of the value of their stock as
of the effective date of the merger or consolidation, exclusive of any element
of value arising from the expectation or accomplishment of the merger or
consolidation. If such demand is made, the corporation shall pay to the
stockholder such value within thirty days from the end of the twenty day
period. If the corporation and stockholder fail to agree upon the value of
such stock, the stockholder or the corporation may demand a determination of
the value of such stock by an appraiser appointed by the district court.

   However, this right to demand an appraisal does not apply to stockholders
if: (1) they are stockholders of a surviving corporation and if a vote of the
stockholders of such corporation is not necessary to authorize the merger or
consolidation; (2) the shares were registered on a national securities
exchange, or (3) the shares were held of record by not less than 2,000
stockholders on the date set to determine the stockholders entitled to vote on
the merger or consolidation, unless the articles of incorporation provide
otherwise.

   Neither American Bancshares nor Gold Banc stockholders are entitled to
dissenters' or appraisal rights in connection with the merger.

Stockholder Inspection

   Under both Kansas and Florida law, any stockholder may inspect a
corporation's stock ledger, stockholder list and other books and records for
any proper purpose. A "proper purpose" is defined as a purpose reasonably
related to the person's interest as a stockholder. Both Kansas and Florida law
specifically provide that a stockholder may appoint an agent for the purpose
of examining the corporation's books and records.

   Gold Banc's bylaws provide that Gold Banc's stockholders have the right to
inspect the books and records of the corporation to the extent and in the
manner provided by Kansas law, subject to reasonable restrictions as may be
determined by the board of directors or the officers of the corporation, from
time to time or with respect to any request for such inspection.

Indemnification and Limitation of Liability of Directors and Officers

   Under Florida law, a director is not personally liable for monetary damages
to the corporation or any other person for any statement, vote, decision, or
failure to act, regarding corporate management or policy, by a director,
unless: (1) the director breached or failed to perform his duties as a
director, and (2) the director's breach of or failure to perform those duties
constitutes: (a) a violation of criminal law, with certain exceptions, (b) a
transaction from which the director derived an improper personal benefit, (c)
a circumstance under which the

                                      73
<PAGE>

liability provisions of section 607.144 of the Florida Business Corporation
Act are applicable, (d) in a proceeding by or in the right of a corporation to
procure a judgment in its favor or by or in the right of a shareholder,
conscious disregard for the best interest of the corporation, or willful
misconduct, or (e) in a proceeding by or in the right of someone other than
the corporation or a shareholder, recklessness or an act or omission which was
committed in bad faith or with malicious purpose or in a manner exhibiting
wanton and willful disregard of human rights, safety or property.

   The American Bancshares Articles provide for the indemnification of and the
advancement of defense costs to American Bancshares's directors and officers
to the fullest extent permitted by Florida law.

   Kansas law grants a corporation power to indemnify an officer, director,
employee or agent made a party to a proceeding as a result of his status as an
officer, director, employee or agent against such expenses, judgments, fines
and amounts paid in settlement actually and reasonably incurred by such person
in connection with such proceeding if such person acted in good faith and in a
manner such person reasonably believed to be in or not opposed to the best
interests of the corporation; and, in the case of a criminal proceeding, such
director had no reasonable grounds to believe his actions were unlawful. The
determination of whether the director has met the requisite standard of
conduct for indemnification may be made by (1) a majority vote of a quorum
consisting of directors not at that time parties to the suit; (2) independent
legal counsel directed by a quorum of disinterested directors; or (3) by the
stockholders. Expenses incurred by an officer or director (or other employees
or agents as deemed appropriate by the board of directors) in defending a
civil or criminal proceeding may be paid by the corporation in advance of the
final disposition of such proceeding upon receipt of an undertaking by or on
behalf of such director or officer to repay such amount if it shall ultimately
be determined that he is not entitled to be indemnified by the corporation.

   A corporation can indemnify an officer, director, employee or agent for
expenses actually and reasonably incurred by such person in connection with
the defense or settlement of a suit by or in the right of the corporation, if
such person acted in good faith and in a manner such person reasonably
believed to be in or not opposed to the best interests of the corporation.
However, if such person is adjudged to be liable to the corporation in a suit
brought by or in the right of the corporation, no indemnification shall be
made unless the court in which such proceeding was brought determines that,
despite the adjudication of liability, such person is fairly and reasonably
entitled to indemnity for such expenses which the court shall deem proper.

   The Gold Banc's Articles limit the liability of its directors for monetary
damages to the fullest extent permissible under applicable law and indemnify
each officer and director to the fullest extent permitted by applicable law.

Preemptive Rights

   Neither Florida nor Kansas law provides for preemptive rights to acquire a
corporation's unissued stock. However, such right may be expressly granted to
the stockholders in a corporation's articles of incorporation. Neither the
American Bancshares Articles nor the Gold Banc Articles provides for
preemptive rights.

Affiliated Transaction/Business Combination Restrictions

   In general, Florida law prevents an "Interested Shareholder" (defined
generally as a person with 10% or more of a corporation's outstanding voting
stock) from engaging in an "Affiliated Transaction" with a corporation for
three years following the date such person became an Interested Shareholder.
The term an "Affiliated Transaction" includes mergers or consolidations with
an Interested Shareholder and certain other transactions with an Interested
Shareholder, including, without limitation: (1) any sale, lease, exchange,
mortgage, pledge, transfer or other disposition to or with the Interested
Shareholder of assets (except proportionately as a stockholder of the
corporation) having an aggregate market value equal to 5% or more of

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the aggregate market value of all assets of the corporation determined on a
consolidated basis or the aggregate market value of all the outstanding stock
of the corporation; (2) any transaction which results in the issuance or
transfer by the corporation or by certain subsidiaries thereof of any shares
of the corporation or such subsidiary which have an aggregate market value of
5% percent or more of the aggregate market value of all the outstanding shares
of the corporation to the Interested Shareholder, except pursuant to a
transaction which, in general, effects a pro rata distribution to all
shareholders of the corporation; (3) any transaction involving the corporation
or certain subsidiaries thereof which has the effect, directly or indirectly,
of increasing the proportionate share of the shares of any class or series, or
securities convertible into shares of the corporation or any subsidiary which
is owned directly or indirectly by the Interested Shareholder (except as a
result of immaterial changes due to fractional share adjustments or as a
result of any purchase or redemption of any shares not caused by the
Interested Shareholder); (4) the adoption of any plan or proposal for the
liquidation or dissolution of the corporation proposed by, or pursuant to any
agreement, arrangement or understanding with the Interested Shareholder or any
affiliate or associate of the Interested Shareholder; or (5) any receipt by
the Interested Shareholder of the benefit (except proportionately as a
stockholder of such corporation) of any loans, advances, guarantees, pledges,
or other financial benefits provided by or through the corporation or certain
subsidiaries.

   The three-year moratorium may be avoided if: (1) the affiliated transaction
has been approved by a majority of the disinterested directors; (2) the
corporation has not had more than 300 shareholders of record at any time
during the 3 years preceding the announcement date; (3) the Interested
Shareholder has been the beneficial owner of at least 80 percent of the
corporation's outstanding voting shares for at least 5 years preceding the
announcement date; (4) the Interested Shareholder is the beneficial owner of
at least 90 percent of the outstanding voting shares of the corporation,
exclusive of shares acquired directly from the corporation in a transaction
not approved by a majority of the disinterested directors; (5) the corporation
is an investment company registered under the Investment Company Act of 1940;
(6) certain consideration is paid to the shareholders of the corporation; or
(7) the transaction is approved by the affirmative vote of the holders of two
thirds of the voting shares other than the shares beneficially owned by the
Interested Shareholder.

   The Affiliated Transaction restrictions described above do not apply if,
among other things: (1) the corporation's original articles of incorporation
contain a provision expressly electing not to be governed by the statute; (2)
the holders of a majority of the voting stock of the corporation approve an
amendment to its certificate of incorporation or bylaws expressly electing not
to be governed by the statute (effective eighteen (18) months after the
amendment's adoption), which amendment shall not be applicable to any
Affiliated Transaction with a person who was an Interested Shareholder at or
prior to the time of the amendment; or (3) the corporation adopts an amendment
to its articles of incorporation prior to January 1, 1989, expressly electing
not to be governed by this section provided that such amendment does not apply
to any Affiliated Transaction of the corporation with an Interested
Shareholder whose determination date is on or prior to the effective date of
such amendment.

   An "Interested Shareholder" is defined to mean any person who is the
beneficial owner of more than 10 percent of the outstanding voting shares of
American Bancshares' (other than the corporation or any of its subsidiaries),
any savings, employee stock ownership, or other employee benefit plan of the
corporation or any of its subsidiaries, or any fiduciary with respect to any
such plan when acting in such capacity.

   In general, Kansas law prevents an "Interested Stockholder" (defined
generally as a person with 15% or more of a corporation's outstanding voting
stock) from engaging in a "Business Combination" with a corporation for three
years following the date such person became an Interested Stockholder. The
term "Business Combination" includes mergers or consolidations with an
Interested Stockholder and certain other transactions with an Interested
Stockholder, including, without limitation: (1) any merger or consolidation of
the corporation with the Interested Stockholder or with any other corporation
if the merger or consolidation is caused by the Interested Stockholder; (2)
any sale, lease, exchange, mortgage, pledge, transfer or other disposition to
or with the Interested Stockholder of assets (except proportionately as a
stockholder of the corporation) having an aggregate market value equal to 10%
or more of the aggregate market value of all assets of the corporation

                                      75
<PAGE>

determined on a consolidated basis or the aggregate market value of all the
outstanding stock of the corporation; (3) any transaction which results in the
issuance or transfer by the corporation or by certain subsidiaries thereof of
stock of the corporation or such subsidiary to the Interested Stockholder,
except pursuant to a transaction which, in general, effects a pro rata
distribution to all stockholders of the corporation; (4) any transaction
involving the corporation or certain subsidiaries thereof which has the
effect, directly or indirectly, of increasing the proportionate share of the
shares of any class or series, or securities convertible into shares of the
corporation or any subsidiary which is owned directly or indirectly by the
Interested Stockholder (except as a result of immaterial changes due to
fractional share adjustments or as a result of any purchase or redemption of
any shares not caused by the Interested Stockholder); or (5) any receipt by
the Interested Stockholder of the benefit (except proportionately as a
stockholder of such corporation) of any loans, advances, guarantees, pledges,
or other financial benefits provided by or through the corporation or certain
subsidiaries.

   The three-year moratorium may be avoided if: (1) before such person became
an Interested Stockholder, the board of directors of the corporation approved
either the Business Combination or the transaction in which the Interested
Stockholder became an Interested Stockholder; or (2) upon consummation of the
transaction which resulted in the stockholder becoming an Interested
Stockholder, the stockholder owned at least 85% of the voting stock of the
corporation outstanding at the time the transaction commenced (excluding
shares held by directors who are also officers of the corporation and by
employee stock ownership plans that do not provide employees with the right to
determine confidentially whether shares held subject to the plan will be
tendered in a tender or exchange offer); or (3) on or following the date on
which such person became an Interested Stockholder, the Business Combination
is approved by the board of directors of the corporation and authorized at an
annual or special meeting of stockholders (not by written consent) by the
affirmative vote of the stockholders of at least 66 2/3% of the outstanding
voting stock of the corporation not owned by the Interested Stockholder.

   The Business Combination restrictions described above do not apply if,
among other things: (1) the corporation's original certificate of
incorporation contains a provision expressly electing not to be governed by
the statute; (2) the corporation, by act of its board of directors, adopts an
amendment to its bylaws within one year of the effective date of the Business
Combinations Act expressly electing not to be governed by the act; (3) the
holders of a majority of the voting stock of the corporation approve an
amendment to its certificate of incorporation or bylaws expressly electing not
to be governed by the statute (effective twelve (12) months after the
amendment's adoption), which amendment shall not be applicable to any business
combination with a person who was an Interested Stockholder at or prior to the
time of the amendment; or (4) the corporation does not have a class of voting
stock that is (a) listed on a national securities exchange, (b) authorized for
quotation on Nasdaq or a similar quotation system; or (c) held of record by
more than 2,000 stockholders.

   An "Interested Stockholder" is defined to mean any person (other than the
corporation or any of its subsidiaries, and any affiliate thereof) who or
which: (1) is the beneficial owner of 15 percent or more of the corporation's
voting stock; or (2) is an Affiliate of the corporation and at any time within
the two year period immediately prior to the date in question was the
beneficial owner of 15 percent or more of the voting stock.

   The Gold Banc Articles expressly elect to be covered by the Business
Combinations restrictions.

Shareholder Rights Plan

   Gold Banc has in effect a shareholder rights plan and has entered into a
rights agreement with American Stock Transfer & Trust Company, as Rights
Agent. The rights plan provides for a dividend distribution of one one-
thousandth of a share of Series A Preferred Stock (a "Right") to be attached
to each outstanding share of Gold Banc common stock. As a result of the
merger, each share of Gold Banc common stock received in the merger will also
represent one Right. The Rights are not currently exercisable or transferable
apart from the Gold Banc common stock.

   The Rights will become exercisable if a person or group acquires 15% or
more of the Gold Banc common stock (and thereby becomes an "Acquiring Person")
or announces a tender offer or exchange offer that would increase the
Acquiring Person's beneficial ownership to 15% or more of the outstanding Gold
Banc common stock, subject to certain exceptions. After the Rights become
exercisable, each Right entitles the holder (other

                                      76
<PAGE>

than the Acquiring Person) to purchase Gold Banc common stock that has a
market value of two times the exercise price of the Right. If Gold Banc is
acquired in a merger or other business transaction, each exercisable Right
entitles the holder to purchase common stock of the Acquiring Person or an
affiliate that has a market value of two times the exercise price of the
Right.

   The Rights issued under the Gold Banc shareholder rights plan may make any
merger not approved by Gold Banc's board of directors prohibitively expensive,
because the Rights allow Gold Banc shareholders to purchase the voting
securities of Gold Banc or a potential acquirer at one-half of the fair market
value.

   American Bancshares does not have a shareholders rights plan.

                                    EXPERTS

   The audited financial statements included in the Gold Banc Annual Report on
Form 10-K for the year ended December 31, 1998, that are incorporated herein
by reference, have been audited by KPMG LLP, independent public accountants,
as stated in their report included in the Form 10-K, and have been
incorporated by reference herein in reliance upon such reports given upon the
authority of that firm as experts in accounting and auditing.

   The audited financial statements of Union Bankshares, Ltd., included in the
Gold Banc Current Report on Form 8-K, dated November 19, 1999, that are
incorporated herein by reference, have been audited by Baird, Kurtz & Dobson,
independent public accountants, as stated in their reports included in the
Form 8-K, and have been incorporated by reference herein in reliance upon such
reports given upon authority of that firm as experts in accounting and
auditing.

   The audited financial statements of American Bancshares, Inc. as of
December 31, 1998 and 1997 and for each of the three years in the period ended
December 31, 1998 included in this joint proxy statement/prospectus have been
so included in reliance on the report of PricewaterhouseCoopers LLP,
independent public accountants, given on the authority of said firm as experts
in accounting and auditing.

   The audited financial statements of CountryBanc Holding Company,
incorporated herein by reference in this registration statement have been
audited by Arthur Andersen LLP, independent public accountants, as indicated
in their reports with respect thereto, and are included herein in reliance
upon the authority of said firm as experts in giving said reports.

   The audited financial statements of First Business Bancshares of Kansas
City, Inc., incorporated by reference, have been audited by Baird, Kurtz and
Dobson, independent public accountants, as indicated by their reports included
in Form 8-K, and have been incorporated by reference in reliance upon such
reports given upon the authority of that firm as experts in accounting and
auditing.

                                 LEGAL MATTERS

   The legality of the Gold Banc common stock to be issued pursuant to the
merger has been passed upon for Gold Banc by Stinson, Mag & Fizzell, P.C.
Stinson, Mag & Fizzell, P.C. also will pass upon federal income tax matters in
connection with the merger. See "The Proposed Merger--Federal Income Tax
Consequences" on page  . Carlton, Fields, Ward, Emmanuel, Smith & Cutler,
P.A., Tampa, Florida, will pass on certain matters related to the merger for
American Bancshares.

                         FUTURE STOCKHOLDER PROPOSALS

   If the Merger is Consummated, or the Merger is Not Consummated and You Are
a Gold Banc Stockholder:

   A stockholder proposal may be considered at Gold Banc's 2000 Annual Meeting
of Stockholders only if it meets the following requirements set forth in Gold
Banc's Bylaws. First, the stockholder making the proposal must be a
stockholder of record on the record date for such meeting, must continue to be
a stockholder of record

                                      77
<PAGE>

at the time of such meeting, and must be entitled to vote thereat. Second, the
stockholder must deliver or cause to be delivered a written notice to Gold
Banc's Secretary. The Secretary must receive such notice no later than
December 2, 1999.

   The notice shall specify: (a) the name and address of the stockholder as
they appear on the books of Gold Banc; (b) the class and number of shares of
Gold Banc's stock that are beneficially owned by the stockholder; (c) any
material interest of the stockholder in the proposed business described in the
notice; (d) if such business is a nomination for director, each nomination
sought to be made, together with the reasons for each nomination, a
description of the qualifications and business or professional experience of
each proposed nominee and a statement signed by each nominee indicating his or
her willingness to serve if elected, and disclosing the information about him
or her that is required by the Securities and Exchange Act of 1934, as
amended, and the rules and regulations promulgated thereunder to be disclosed
in the proxy materials for the meeting involved if he or she were a nominee of
Gold Banc for election as one of its directors; (e) if such business is other
than a nomination for director, the nature of the business, the reasons why it
is sought to be raised and submitted for a vote of the stockholders and if and
why it is deemed by the stockholder to be beneficial to Gold Banc; and (f) if
so requested by Gold Banc, all other information that would be required to be
filed with the Securities and Exchange Commission if, with respect to the
business proposed to be brought before the meeting, the person proposing such
business was a participant in a solicitation subject to Section 14 of the
Exchange Act. Notwithstanding satisfaction of the above, the proposed business
may be deemed not properly before the meeting if, pursuant to state law or any
rule or regulation of the SEC, it was offered as a stockholder proposal and
was omitted from the proxy materials for the meeting.

   For stockholder proposals to be considered for inclusion in Gold Banc's
proxy materials for the 2000 Annual Meeting of Stockholders, the Secretary of
Gold Banc must receive such proposals no later than December 2, 1999.

If the Merger is Not Consummated and You Are an American Bancshares
Stockholder:

   American Bancshares stockholders who intend to present proposals at the
2000 annual meeting, which American Bancshares currently expects to hold in
May 2000 if the merger is not consummated, must deliver them to American
Bancshares at its principal executive offices at least 150 days prior to the
meeting or by December 23, 1999, whichever is earlier, for inclusion in the
proxy statement and form of proxy relating to that meeting. All proposals must
comply with the applicable requirements of the federal securities laws and
American Bancshares' Bylaws.

                      WHERE YOU CAN FIND MORE INFORMATION

   Gold Banc. Gold Banc files annual, quarterly and special reports, proxy
statements and other information with the Securities and Exchange Commission
in accordance with the informational requirements of the Securities and
Exchange Act of 1934. You may read and copy any reports, statements or other
information Gold Banc files at the SEC's public reference rooms at Room 1024,
450 Fifth Street, N.W., Washington, D.C. 20549, as well as at the SEC's
regional offices at 500 West Madison Street, Suite 1400, Chicago, Illinois
60661 and 7 World Trade Center, Suite 1300, New York, New York 10048. Copies
of these materials may also be obtained from the SEC at prescribed rates by
writing to the Public Reference Section of the SEC, 450 Fifth Street, N.W.,
Washington, D.C. 20549. Please call the Securities and Exchange Commission at
1-800-SEC-0330 for further information on the public reference rooms. Gold
Banc's filings are also available to the public on the SEC Internet site that
contains reports, proxy and information statements and other information
regarding issuers who file electronically with the SEC at http\\www.sec.gov.

   American Bancshares. American Bancshares files annual, quarterly and
special reports, proxy statements and other information with the Securities
and Exchange Commission in accordance with the informational requirements of
the Securities and Exchange Act of 1934. You may read and copy any reports,
statements or other information American Bancshares files at the Securities
and Exchange Commission's public reference

                                      78
<PAGE>

rooms at Room 1024, 450 Fifth Street, N.W., Washington, D.C. 20549, as well as
at the Securities and Exchange Commission's regional offices at 500 West
Madison Street, Suite 1400, Chicago, Illinois 60661 and 7 World Trade Center,
Suite 1300, New York, New York 10048. Copies of these materials may also be
obtained from the SEC at prescribed rates by writing to the Public Reference
Section of the Securities and Exchange Commission, 450 Fifth Street, N.W.,
Washington, D.C. 20549. Please call the Securities and Exchange Commission at
1-800-SEC-0330 for further information on the public reference rooms. American
Bancshares' filings are also available to the public on the SEC Internet site
that contains reports, proxy and information statements and other information
regarding issuers who file electronically with the SEC at http\\www.sec.gov.

   Gold Banc has filed with the Securities and Exchange Commission a
registration statement on Form S-4 with respect to the Gold Banc common stock
to be issued to holders of American Bancshares Common in connection with the
merger. This document is part of the registration statement and constitutes a
prospectus of Gold Banc in addition to being a proxy statement of Gold Banc
and American Bancshares for their respective special meetings. This document
does not contain all of the information contained in the registration
statement or the exhibits to the registration statement as allowed by the
rules and regulations of the Securities and Exchange Commission. Copies of the
registration statement including exhibits, may be inspected, without charge,
at the offices of the Securities and Exchange Commission at 450 Fifth Street,
N.W., Washington, D.C. 20549, and copies may be obtained from the SEC at
prescribed rates.

   The Securities and Exchange Commission permits Gold Banc to incorporate by
reference information that is not contained in this document. This means that
Gold Banc can disclose important information to you by referring you to
another document filed separately with the Securities and Exchange Commission.
The information incorporated by reference is deemed to be part of this
document, except for any information superseded by information in this
document. This document incorporates by reference the following documents
previously filed with the Securities and Exchange Commission:

<TABLE>
<CAPTION>
Gold Banc SEC Filings (File No. 0-28936)       Period or Date of Event
- ----------------------------------------       -----------------------
<S>                                            <C>
Registration Statement on Form S-4, filed
 November 23, 1999                             November 23, 1999
Amended Current Report on Form 8-K/A, filed
 December 9, 1999                              December 9, 1999
Current Report on Form 8-K, filed November
 19, 1999                                      November 19, 1999
Current Report on Form 8-K filed November 19,
 1999                                          November 19, 1999
Current Report on Form 8-K filed November 19,
 1999                                          November 19, 1999
Current Report on Form 8-K filed November 10,
 1999                                          November 10, 1999
Proxy Statement on Schedule 14A, filed April
 1, 1999                                       Annual Meeting on April 28, 1999
Annual Report on Form 10-K, filed April 1,
 1999                                          Year ended December 31, 1998
Quarterly Report on Form 10-Q, filed May 14,
 1999                                          Quarter ended March 31, 1999
Quarterly Report on Form 10-Q, filed August
 11, 1999                                      Quarter ended June 30, 1999
Quarterly Report on Form 10-Q, filed November
 8, 1999                                       Quarter ended September 30, 1999
</TABLE>

<TABLE>
<CAPTION>
American Bancshares SEC Filings (File No. 0-
27474)                                           Period or Date of Event
- --------------------------------------------     -----------------------
<S>                                              <C>
Current Report on Form 8-K, filed September 21,
 1999                                            September 19, 1999
Current Report on Form 8-K, filed May 21, 1999   May 21, 1999
Current Report on Form 8-K, filed May 5, 1999    May 5, 1999
Current Report on Form 8-K, filed March 16,
 1999                                            March 16, 1999
Current Report on Form 8-K, filed February 17,
 1999                                            February 17, 1999
Proxy Statement on Schedule 14A, filed April
 12, 1999                                        Annual Meeting on May 21, 1999
Annual Report on Form 10-K, filed March 31,
 1999                                            Year ended December 31, 1998
Quarterly Report on Form 10-Q, filed November
 15, 1999                                        November 19, 1999
Quarterly Report on Form 10-Q, filed August 12,
 1999                                            November 19, 1999
Quarterly Report on Form 10-Q, filed May 13,
 1999                                            May 13, 1999
</TABLE>

                                      79
<PAGE>

   Gold Banc also is incorporating by reference additional documents filed
with Securities and Exchange Commission after the date of this document, but
prior to the date of the meetings.

   Gold Banc has supplied all information contained or incorporated in this
document relating to Gold Banc. American Bancshares has supplied all such
information relating to American Bancshares.

   Gold Banc and American Bancshares stockholders may obtain documents
incorporated by reference through Gold Banc or the Securities and Exchange
Commission. Documents incorporated by reference are available from Gold Banc
without charge, by requesting such documents in writing or by telephone from
Gold Banc at:

       Gold Banc Corporation, Inc.
       11301 Nall Avenue
       Leawood, Kansas 66211
       Telephone Number: (913) 451-8050
       Attention: Keith E. Bouchey

   If you would like to request documents from us, please do so by     , 2000
in order to receive them before the meetings. Documents will be sent first
class mail within one day upon receipt of a request.

   You should rely only on the information contained or incorporated by
reference in this document to vote on the Gold Banc proposal and the American
Bancshares proposal. We have not authorized anyone to provide you with
information that is different from what is contained in this document. This
document is dated     , 2000. You should not assume that the information
contained in this document is accurate as of any date other than such date,
and neither the mailing of this document to stockholders of Gold Banc or
American Bancshares not the issuance of Gold Banc common stock in the merger
shall create any implication to the contrary.

                                      80
<PAGE>

                   AMERICAN BANCSHARES, INC. AND SUBSIDIARIES

                               TABLE OF CONTENTS
<TABLE>
<CAPTION>
                                                                          Pages
                                                                          -----
<S>                                                                       <C>
Report of Independent Certified Public Accountants....................... F-2
Consolidated Financial Statements as of December 31, 1998, 1997, 1996:
  Consolidated Balance Sheets as of December 31, 1998, 1997.............. F-3
  Consolidated Statements of Income for the years ended December 31,
   1998, 1997, 1996...................................................... F-4
  Consolidated Statements of Shareholders' Equity and Comprehensive
   Income for the years
   ended December 31, 1998, 1997, 1996 .................................. F-5
  Consolidated Statements of Cash Flows for the years ended December 31,
   1998, 1997, 1996 ..................................................... F-6
  Notes to Consolidated Financial Statements as of December 31, 1998,
   1997, 1996 ........................................................... F-7
Unaudited Consolidated Financial Statements as of September 30, 1999 and
 1998:
  Unaudited Consolidated Balance Sheets as of September 30, 1999 and
   1998 ................................................................. F-28
  Unaudited Consolidated Statements of Income for the nine month periods
   ending
   September 30, 1999 and 1998........................................... F-29
  Unaudited Consolidated Statements of Shareholders' Equity and
   Comprehensive Income for the nine month periods ending September 30,
   1999 and 1998......................................................... F-30
  Unaudited Consolidated Statements of Cash Flows for the nine month
   periods ending
   September 30, 1999 and 1998........................................... F-31
  Notes to Unaudited Consolidated Financial Statements as of September
   30, 1999 and 1998 .................................................... F-32
</TABLE>

                                      F-1
<PAGE>

              REPORT OF INDEPENDENT CERTIFIED PUBLIC ACCOUNTANTS

To the Board of Directors and Shareholders of
American Bancshares, Inc. and Subsidiaries
Bradenton, Florida

   In our opinion, based upon our audits and the report of the other auditors,
the accompanying consolidated balance sheets and the related consolidated
statements of income, shareholders' equity and comprehensive income and cash
flows present fairly, in all material respects, the financial position of
American Bancshares, Inc., and its subsidiaries (the "Company") at December
31, 1998 and 1997, and the results of their operations and their cash flows
for each of the three years in the period ended December 31, 1998, in
conformity with generally accepted accounting principles. These financial
statements are the responsibility of the Company's management; our
responsibility is to express an opinion on these financial statements based on
our audits. We did not audit the financial statements of Murdock Florida Bank
which statements reflect total assets of 18% and 23% at December 31, 1997 and
1996, respectively, and net income of 15% and 13% for the years ended December
31, 1997 and 1996, respectively. Those statements were audited by other
auditors whose report thereon has been furnished to us, and our opinion
expressed herein, insofar as it relates to the amounts included for Murdock
Florida Bank, is based solely on the report of the other auditors. We
conducted our audits of these statements in accordance with generally accepted
auditing standards which require that we plan and perform the audit to obtain
reasonable assurance about whether the financial statements are free of
material misstatement. An audit includes examining, on a test basis, evidence
supporting the amounts and disclosures in the financial statements, assessing
the accounting principles used and significant estimates made by management,
and evaluating the overall financial statement presentation. We believe that
our audits and the report of other auditors provide a reasonable basis for the
opinion expressed above.

                                          PricewaterhouseCoopers LLP

Tampa, Florida
February 13, 1999

                                      F-2
<PAGE>

                   AMERICAN BANCSHARES, INC. AND SUBSIDIARIES

                          CONSOLIDATED BALANCE SHEETS
<TABLE>
<CAPTION>
                                                               December 31,
                                                             ------------------
                                                               1998      1997
                                                             --------  --------
                                                              (in thousands)
<S>                                                          <C>       <C>
ASSETS:
Cash and due from banks..................................... $ 20,319  $ 13,276
Federal funds sold..........................................        0     5,120
Loans held for sale.........................................   88,158    39,588
Investment securities available for sale (at aggregate fair
 value) ....................................................   77,078    68,664
Loans receivable (net of allowance for loan losses and
 deferred loan fees/costs of $1,620 in 1998 and $1,705 in
 1997)......................................................  248,808   213,405
Premises and equipment, net.................................   12,894     9,161
Other assets................................................    7,907     4,687
                                                             --------  --------
  Total assets.............................................. $455,164  $353,901
                                                             ========  ========
LIABILITIES AND SHAREHOLDERS' EQUITY:
Deposits.................................................... $344,845  $302,746
Securities sold under agreements to repurchase..............   29,592    17,528
Federal Home Loan Bank advances.............................   34,900     5,000
Note payable................................................        0       500
Guaranteed preferred beneficial interests in the Company's
 junior subordinated debentures.............................   16,249         0
Other liabilities...........................................    2,151     2,048
                                                             --------  --------
  Total liabilities.........................................  427,737   327,822
COMMITMENTS AND CONTINGENCIES (Note 14)
Common stock--$1.175 par value; 10,000,000 shares
 authorized; 4,994,984 and 4,994,484 shares issued &
 outstanding at December 31, 1998 and 1997,
 respectively...............................................    5,870     5,870
Additional paid-in capital..................................   15,551    15,548
Accumulated other comprehensive income, net of tax of $(87)
 & $86
 at December 31, 1998 and 1997, respectively................     (143)      139
Retained earnings...........................................    6,149     4,522
                                                             --------  --------
    Total shareholders' equity..............................   27,427    26,079
                                                             --------  --------
    Total liabilities and shareholders' equity.............. $455,164  $353,901
                                                             ========  ========
</TABLE>

  The accompanying notes are an integral part of these consolidated financial
                                  statements.

                                      F-3
<PAGE>

                   AMERICAN BANCSHARES, INC. AND SUBSIDIARIES

                       CONSOLIDATED STATEMENTS OF INCOME


<TABLE>
<CAPTION>
                                                For the Years Ended December 31,
                                                --------------------------------
                                                   1998       1997       1996
                                                ---------- ---------- ----------
                                                   (in thousands except share
                                                            amounts)
<S>                                             <C>        <C>        <C>
Interest Income
  Interest and fees on loans................... $   26,250 $   20,101 $   16,150
  Interest and federal funds sold..............        265        534        336
  Interest on investment securities............      4,670      3,996      2,945
                                                ---------- ---------- ----------
    Total interest income......................     31,185     24,631     19,431
Interest Expense
  Deposits.....................................     13,142     11,905      9,475
  Borrowings...................................      3,030      1,012        490
                                                ---------- ---------- ----------
    Total interest expense.....................     16,172     12,917      9,965
Net interest income............................     15,013     11,714      9,466
Provision for loan losses......................      1,180        921        515
                                                ---------- ---------- ----------
  Net interest income after loan loss..........     13,833     10,793      8,951
Other income...................................      5,245      4,156      2,148
Other expense..................................     16,574     11,912      9,856
                                                ---------- ---------- ----------
Income before income tax provision.............      2,504      3,037      1,243
Provision for income taxes.....................        877      1,117        461
                                                ---------- ---------- ----------
      Net income............................... $    1,627 $    1,920 $      782
                                                ========== ========== ==========
Basic earnings per share....................... $     0.33 $     0.38 $     0.17
                                                ========== ========== ==========
Weighted average basic shares outstanding......  4,994,765  4,988,318  4,637,565
                                                ========== ========== ==========
Diluted earnings per share..................... $     0.32 $     0.38 $     0.17
                                                ========== ========== ==========
Weighted average diluted shares outstanding....  5,019,291  5,019,484  4,692,093
                                                ========== ========== ==========
</TABLE>

  The accompanying notes are an integral part of these consolidated financial
                                  statements.

                                      F-4
<PAGE>

                   AMERICAN BANCSHARES, INC. AND SUBSIDIARIES

    CONSOLIDATED STATEMENTS OF SHAREHOLDERS' EQUITY AND COMPREHENSIVE INCOME

              For the Years ended December 31, 1998, 1997 and 1996

<TABLE>
<CAPTION>
                                                Common Stock                               Accumulated
                                        ----------------------------- Additional              Other
                          Comprehensive Authorized Outstanding  Par    Paid-In   Retained Comprehensive
                             Income       Shares     Shares    Value   Capital   Earnings  Income, Net   Total
                          ------------- ---------- ----------- ------ ---------- -------- ------------- -------
                                                   (in thousands except share amounts)
<S>                       <C>           <C>        <C>         <C>    <C>        <C>      <C>           <C>
Balance, January 1,
 1996...................                10,000,000  3,325,094  $3,907  $ 8,725    $1,820     $  179     $14,631
Exercise of warrants....                         0    163,695     192      790         0          0         982
Issuance of stock.......                         0  1,436,979   1,689    5,689         0          0       7,378
Net Income..............     $  782              0          0       0        0       782          0         782
Change in net unrealized
 gain on investment
 securities available
 for sale...............       (270)             0          0       0        0         0       (270)       (270)
                             ------     ----------  ---------  ------  -------    ------     ------     -------
Comprehensive Income....     $  512
                             ======
Balance, December 31,
 1996...................                10,000,000  4,925,768   5,788   15,204     2,602        (91)     23,503
Exercise of warrants....                         0     61,597      73      297         0          0         370
Issuance of stock.......                         0      7,119       9       47         0          0          56
Net Income..............     $1,920              0          0       0        0     1,920          0       1,920
Change in net unrealized
 gain on investment
 securities available
 for sale...............        230              0          0       0        0         0        230         230
                             ------     ----------  ---------  ------  -------    ------     ------     -------
Comprehensive Income....     $2,150
                             ======
Balance, December 31,
 1997...................                10,000,000  4,994,484   5,870   15,548     4,522        139      26,079
Exercise of stock
 options................                         0        500       0        3         0          0           3
Net Income..............     $1,627              0          0       0        0     1,627          0       1,627
Change in net unrealized
 gain on investment
 securities available
 for sale...............       (282)             0          0       0        0         0       (282)       (282)
                             ------     ----------  ---------  ------  -------    ------     ------     -------
Comprehensive Income....     $1,345
                             ======
Balance, December 31,
 1998...................                10,000,000  4,994,984  $5,870  $15,551    $6,149     $ (143)    $27,427
                                        ==========  =========  ======  =======    ======     ======     =======
</TABLE>


  The accompanying notes are an integral part of these consolidated financial
                                  statements.

                                      F-5
<PAGE>

                   AMERICAN BANCSHARES, INC. AND SUBSIDIARIES

                     CONSOLIDATED STATEMENTS OF CASH FLOWS

<TABLE>
<CAPTION>
                                                      For the Years
                                                    Ended December 31,
                                              --------------------------------
                                                 1998       1997       1996
                                              ----------  ---------  ---------
                                                      (in thousands)
<S>                                           <C>         <C>        <C>
CASH FLOWS FROM OPERATING ACTIVITIES
 Net Income.................................. $    1,627  $   1,920  $     782
 Adjustments to reconcile net income to net
  cash (used in) provided by operating
  activities:
   Deferred taxes............................       (177)      (199)      (420)
   Depreciation..............................        964        718        486
   Amortization of investment securities.....          6         18        120
   Provision for loan losses.................      1,180        921        515
   Net gain on sale of investment securities
    available for sale.......................       (410)      (140)      (107)
   Gain on sale of loans.....................     (1,321)      (678)      (514)
   (Gain) loss on sale of other real estate
    owned....................................          0        (13)       336
   Origination of loans held for sale, net of
    repayments...............................   (116,184)   (58,452)   (38,628)
   Proceeds from sales of loans held for
    sale.....................................     68,179     44,113     38,159
   Increase in deferred loan costs...........          0         23        150
   Increase in other liabilities.............        103        767         71
   (Increase) decrease in other assets.......     (2,036)      (962)       682
                                              ----------  ---------  ---------
     Total adjustments.......................    (49,696)   (13,884)       850
                                              ----------  ---------  ---------
     Net cash (used in) provided by operating
      expense................................    (48,069)   (11,964)     1,632
                                              ----------  ---------  ---------
CASH FLOWS FROM INVESTING ACTIVITIES
 Net loans to customers......................    (35,949)   (43,153)   (36,812)
 Purchases of bank premises and equipment....     (4,697)    (2,744)    (3,332)
 Proceeds from sales of available for sale
  investment securities......................     50,445     17,998     33,501
 Proceeds from maturities of available for
  sale investment securities.................     50,779     14,178     12,338
 Purchases of available for sale investment
  securities.................................   (109,516)   (56,936)   (49,449)
 Recoveries of loans charged off.............        122        101         46
                                              ----------  ---------  ---------
     Net cash used in investing activities...    (48,816)   (70,556)   (43,708)
                                              ----------  ---------  ---------
CASH FLOWS FROM FINANCING ACTIVITIES
 Net increase in demand deposits, NOW, money
  market and savings accounts................     37,795     36,469     28,231
 Net increase in time deposits...............      4,304     33,844     17,475
 Net increase in securities sold under
  agreements to repurchase...................     12,064      7,415        546
 Net proceeds (repayments) from advances and
  from borrowings............................     29,400       (800)      (200)
 Payments for debt issue costs...............     (1,007)         0          0
 Proceeds from issuance of guaranteed
  preferred beneficial interests in the
  Company's junior subordinated debentures...     16,249          0          0
 Proceeds from stock sale....................          3        425      8,359
                                              ----------  ---------  ---------
     Net cash provided by financing
      activities.............................     98,808     77,353     54,411
                                              ----------  ---------  ---------
Net increases (decreases) in cash and cash
 equivalents.................................      1,923     (5,167)    12,335
Cash and cash equivalents at beginning of
 year........................................     18,396     23,563     11,228
                                              ----------  ---------  ---------
Cash and cash equivalents at ending of year.. $   20,319  $  18,396  $  23,563
                                              ==========  =========  =========
DISCLOSURES
Interest paid................................ $   15,934  $  12,711  $   9,787
                                              ==========  =========  =========
Income taxes paid............................ $    1,330  $   1,415  $     542
                                              ==========  =========  =========
Reclassification of loans to foreclosed real
 estate...................................... $    1,002  $     160  $     518
                                              ==========  =========  =========
Loans originated for sale of foreclosed real
 estate...................................... $        0  $      95  $     570
                                              ==========  =========  =========
Unrealized appreciation (depreciation) on
 investment securities....................... $     (282) $     230  $    (270)
                                              ==========  =========  =========
</TABLE>

  The accompanying notes are an integral part of these consolidated financial
                                  statements.

                                      F-6
<PAGE>

                  AMERICAN BANCSHARES, INC. AND SUBSIDIARIES

 NOTES TO CONSOLIDATED FINANCIAL STATEMENTS AS OF DECEMBER 31, 1998, 1997 AND
                                     1996

1. Organization

   American Bancshares, Inc. (Holding Company) is a one-bank holding company,
operated under the laws of the State of Florida. It has three wholly owned
subsidiaries, which include a banking subsidiary, American Bank (Bank), a
state-chartered bank; Freedom Finance Company (Finance), a Florida
Corporation; and ABI Capital Trust (ABICT), a Delaware Statutory trust. The
Bank is a general commercial bank with all the rights, powers, and privileges
granted and conferred by the Florida Banking Code. Finance is a full service
consumer financing company incorporated in 1997. ABICT is a trust formed in
1998 existing for the exclusive purpose of issuing and selling common
securities and preferred securities (together trust securities) and investing
the proceeds from the sale of the trust securities in junior subordinated
debentures issued by the Holding Company. The sole assets of ABICT are the
Junior Subordinated Debentures of the Holding Company.

2. Summary of Significant Accounting Policies:

   The accounting and reporting policies of the Holding Company and
Subsidiaries conform to generally accepted accounting principles and general
practice within the banking industry. Following is a description of the more
significant of those policies:

   Basis of Presentation--The consolidated financial statements give
retroactive effect to the merger with Murdock Florida Bank, American Bank of
Bradenton, and the Holding Company. The merger was consummated on March 23,
1998 and resulted in the Holding Company issuing a total of 924,024 shares of
common stock in exchange for all of the outstanding stock of Murdock Florida
Bank. The transaction has been accounted for on a pooling-of-interest basis,
and the financial statements are presented as if the merger had been
consummated for the period presented. As required by generally accepted
accounting principles, the consolidated financial statements became the
historical consolidated financial statements upon issuance of the Holding
Company's consolidated financial statements for the quarter ended March 31,
1998. The Company's combined net interest income and continuing net income
through the date of acquisition for the periods ended December 31, 1998, 1997,
and 1996, respectively is as follows:
<TABLE>
<CAPTION>
                                                          Net Interest Income
                                                         ----------------------
                                                          1998    1997    1996
                                                         ------- ------- ------
                                                         (amounts in thousands)
   <S>                                                   <C>     <C>     <C>
   American Bancshares, Inc............................. $12,724 $ 9,271 $7,137
   Murdock Florida Bank.................................   2,289   2,443  2,329
                                                         ------- ------- ------
   Combined Totals...................................... $15,013 $11,714 $9,466
                                                         ======= ======= ======
</TABLE>

<TABLE>
<CAPTION>
                                                                Net Income
                                                            -------------------
                                                             1998   1997  1996
                                                            ------ ------ -----
                                                                (amounts in
                                                                thousands)
   <S>                                                      <C>    <C>    <C>
   American Bancshares, Inc................................ $1,268 $1,631 $ 883
   Murdock Florida Bank....................................    359    289  (101)
                                                            ------ ------ -----
   Combined Totals......................................... $1,627 $1,920 $ 782
                                                            ====== ====== =====
</TABLE>

   Principles of Consolidation--The consolidated financial statements include
the accounts of the Holding Company and its wholly owned subsidiaries,
American Bank of Bradenton, Freedom Finance Company, and ABI Capital Trust
collectively referred to herein as the Company. All significant intercompany
accounts and transactions have been eliminated.

   Use of Estimates--Significant estimates are made by management in
determining the allowance for possible loan losses. Consideration is given to
a variety of factors in establishing these estimates including

                                      F-7
<PAGE>

                  AMERICAN BANCSHARES, INC. AND SUBSIDIARIES

            NOTES TO CONSOLIDATED FINANCIAL STATEMENTS--(Continued)

current economic conditions, diversification of the loan portfolio,
delinquency statistics, results of internal loan reviews, borrowers' perceived
financial and managerial strengths, the adequacy of underlying collateral, if
collateral dependent, or present value of future cash flows and other relevant
factors. Since the allowance for possible loan losses is dependent, to a great
extent, on general and other conditions that may be beyond the Bank's control,
it is at least reasonably possible that the estimates of the allowance for
possible loan losses, and the carrying values of the real estate assets could
differ materially in the near term.

   Loans Held for Sale--Mortgage loans originated or purchased and intended
for sale in the secondary market are carried at the lower of cost or market as
determined by outstanding commitments from investors or current investor yield
requirements, calculated on the aggregate loan basis. Net unrealized losses,
if any, are recognized in a valuation allowance by charges to earnings. Gains
and losses resulting from the sales of these loans are recognized in the
period the sale occurs. Mortgage loan servicing fees are earned concurrently
with the receipt of the related mortgage payments.

   Investment Securities Available for Sale--Securities to be held for
indefinite periods of time and not intended to be held to maturity are
classified as available for sale. Assets included in this category are those
assets that management intends to use as part of its asset/liability
management strategy and that may be sold in response to changes in interest
rates, resultant prepayment risk and other factors related to interest rate
and resultant prepayment risk changes. Securities available for sale are
recorded at fair value. Both unrealized gains and losses on securities
available for sale, net of taxes, are included as a separate component of
shareholders' equity in the consolidated balance sheets until these gains or
losses are realized. If a security has a decline in fair value that is other
than temporary, then the security will be written down to its fair value by
recording a loss in the consolidated statements of income.

   Gains or losses on the disposition of investment securities are recognized
using the specific identification method.

   Loans--Loans are carried at the principal amount outstanding, net of
deferred loan fees and/or origination costs. Interest is accrued on a simple-
interest basis. Loans are charged to the allowance for loan losses at such
time as management considers them uncollectible in the normal course of
business. Accrual of interest is discontinued on a loan, including impaired
loans, when management believes, after considering economic and business
conditions and collection efforts, the borrower's financial condition is such
that collection of interest is doubtful. Classification of a loan as
nonaccrual is not necessarily indicative of a potential loss of principal.

   Allowance for Loan Losses--The Company adheres to an internal asset review
system and allowance for loan losses methodology designated to provide for the
detection of problem assets and to provide an adequate general valuation
allowance to cover loan losses. A provision for loan losses is charged to
operations based on management's evaluation of potential losses in the loan
portfolio. The provision is based on an analysis of the loan portfolio,
economic conditions, historical loan loss experience, changes in the nature
and volume of the loan portfolios and management's assessment of the inherent
risk in the portfolio in relation to the level of the allowance for loan
losses. While management uses the best information available to make these
evaluations, future adjustments to the allowance may be necessary if economic
conditions differ from the assumptions used in preparing the evaluation. The
Company also establishes provisions on a specific loan basis when an
identified problem becomes known. Ultimate losses may vary from the current
estimates and any adjustments, as they become necessary, are reported in
earnings in the periods in which they become known.

   When a loan or portion of a loan, including an impaired loan, is determined
to be uncollectible, the portion deemed uncollectible is charged against the
allowance, and subsequent recoveries, if any, are credited to the allowance.


                                      F-8
<PAGE>

                  AMERICAN BANCSHARES, INC. AND SUBSIDIARIES

            NOTES TO CONSOLIDATED FINANCIAL STATEMENTS--(Continued)

   Loan Fees--Loan origination fees and certain direct loan origination costs
are deferred and amortized as a yield adjustment, using a method which
approximates the interest method, over the contractual lives of the loans. The
net of deferred origination fees and deferred origination costs is presented
as an adjustment of loans receivable in the accompanying balance sheets.

   The Company purchases consumer loans from local auto dealers which are
collateralized by automobiles. In conjunction with this program, the Company
pays a premium represented by the present value differential of the yield
required by the Company and the underlying loan interest rate. The premium
paid is amortized as a yield adjustment, using the interest method, over the
contractual lives of the loans. If the loan prepays, the Company has recourse
against the auto dealer for any unamortized premiums. At December 31, 1998 and
1997, the unamortized premiums totaled approximately $611,000 and $449,000,
respectively.

   Income Recognition on Impaired and Nonaccrual Loans--Loans, including
impaired loans, are generally classified as nonaccrual if they are past due as
to maturity or payment of principal or interest for a period of more than 90
days, unless such loans are well-collateralized and in the process of
collection. If a loan or a portion of a loan is classified as doubtful or is
partially charged off, the loan is classified as nonaccrual. Loans that are on
a current payment status or past due less than 90 days may also be classified
as nonaccrual if repayment in full of principal and/or interest is in doubt.

   Loans may be returned to accrual status when all principal and interest
amounts contractually due (including arrearages) are reasonably assured of
repayment within an acceptable period of time, and there is a sustained period
of repayment performance (generally a minimum of six months) by the borrower,
in accordance with the contractual terms of interest and principal.

   While a loan is classified as nonaccrual and the future collectibility of
the recorded loan balance is doubtful, collections of interest and principal
are generally applied as reduction to principal outstanding. When the future
collectibility of the recorded loan balance is expected, interest income may
be recognized on a cash basis. In the case where a nonaccrual loan had been
partially charged off, recognition of interest on a cash basis is limited to
that which would have been recognized on the recorded loan balance at the
contractual interest rate. Cash interest receipts in excess of that amount are
recorded as recoveries to the allowance for loan losses until prior
charge-offs have been fully recovered.

   Premises and Equipment--Premises and equipment are carried at cost less
accumulated depreciation and amortization. Depreciation and amortization are
computed on the straight-line method over the estimated useful lives of the
related assets. Maintenance, repairs and minor improvements are charged to
operating expenses as incurred. Major improvements and betterments are
capitalized. Upon retirement or other disposition of the assets, the
applicable cost and accumulated depreciation are removed from the accounts and
any gains or losses are included in operations.

   Mortgage Servicing Rights--The Company recognizes an asset for rights to
service mortgage loans for others. The value of mortgage servicing rights
related to loans sold was approximately $715,000 and $145,000 at December 31,
1998 and 1997, respectively. The Company had no valuation allowance for
capitalized mortgage servicing rights at December 31, 1998 and 1997.

   Other Real Estate Owned--Other real estate owned includes properties
acquired through foreclosure or acceptance of deeds in lieu of foreclosure.
These properties are recorded on the date acquired at the lower of fair value
minus estimated costs to sell or the recorded investment in the related loan.
If the fair value minus estimated costs to sell the property acquired is less
than the recorded investment in the related loan, the resulting loss is
charged to the allowance for loan losses. The resulting carrying value
established at the date of foreclosure becomes the new cost basis for
subsequent accounting. After foreclosure, if the fair value minus estimated
costs

                                      F-9
<PAGE>

                  AMERICAN BANCSHARES, INC. AND SUBSIDIARIES

            NOTES TO CONSOLIDATED FINANCIAL STATEMENTS--(Continued)

to sell the property becomes less than its cost, the deficiency is charged to
the valuation allowance on other real estate owned or charged directly to the
asset. Costs relating to the development and improvement of the property are
capitalized, whereas those relating to holding the property for sale are
charged to expense. Gains and losses on the disposition of other real estate
owned are reflected in operations as incurred. The Company had other real
estate owned of approximately $1,003,000 and $363,000 at December 31, 1998 and
1997, respectively.

   Income Taxes--The Company files consolidated income tax returns. Deferred
tax assets or liabilities are computed based on the difference between the
financial statement and income tax bases of assets and liabilities using the
enacted marginal tax rate. Deferred income tax expense or credits are based on
the changes in the asset or liability from period to period. The effect on
deferred income taxes of a change in tax rates is recognized in income in the
period that includes the enactment date.

   Statement of Cash Flows--For purposes of reporting cash flows, cash and
cash equivalents include cash and due from banks and federal funds sold.

   Earnings Per Share--In 1997 the Company adopted Financial Accounting
Standards Board Statement No. 128 (FAS No. 128), "Earnings Per Share." FAS No.
128 replaced the calculation of primary and fully diluted earnings per share
with basic and diluted earnings per share. All earnings per share amounts have
been restated to conform to the FAS No. 128 requirements.

   Basic earnings per common share is calculated by dividing net income by the
sum of the weighted average number of shares of common stock outstanding.

   Diluted earnings per common share is calculated by dividing net income by
the weighted average number of shares of common stock outstanding, assuming
the exercise of stock options and warrants using the treasury stock method.
Such adjustments to the weighted average number of shares of common stock
outstanding are made only when such adjustments dilute earnings per common
share. The diluted earnings per share is summarized as follows:

<TABLE>
<CAPTION>
                                                    1998      1997      1996
                                                  --------- --------- ---------
   <S>                                            <C>       <C>       <C>
   Weighted average common shares outstanding.... 4,994,765 4,988,318 4,637,565
   Weighted average common shares equivalents....    24,526    31,166    54,528
                                                  --------- --------- ---------
   Shares used in diluted earnings per share
    calculation.................................. 5,019,291 5,019,484 4,692,093
                                                  ========= ========= =========
</TABLE>

   Reclassifications--Certain amounts in the prior years' financial statements
have been reclassified to conform with the current year presentation. Such
reclassification had no impact on total assets, equity, net income or total
cash flow balances previously reported.

                                     F-10
<PAGE>

                  AMERICAN BANCSHARES, INC. AND SUBSIDIARIES

            NOTES TO CONSOLIDATED FINANCIAL STATEMENTS--(Continued)


3. Investment Securities Available for Sale:

   The amortized costs and approximate fair value of investment securities
available for sale at December 31, 1998 and 1997 are summarized as follows:

<TABLE>
<CAPTION>
                                                       1998
                                    --------------------------------------------
                                                Gross      Gross
                                    Amortized Unrealized Unrealized  Approximate
                                      Cost      Gains      Losses    Fair Value
                                    --------- ---------- ----------  -----------
                                              (amounts in thousands)
   <S>                              <C>       <C>        <C>         <C>
   Available for sale:
     U.S. Treasury Securities......   $ 2,026       $ 16      $   0      $ 2,042
     U.S. Government agencies......    37,974         79       (178)      37,875
     State and municipals..........     1,656         48        (57)       1,647
     Trust preferred securities....     4,975          8        (94)       4,889
                                      -------       ----      -----      -------
       Total debt securities.......    46,631        151       (329)      46,453
                                      -------       ----      -----      -------
     FHLB stock....................     1,870          0          0        1,870
     Mortgage-backed securities....    28,808         37        (90)      28,755
                                      -------       ----      -----      -------
       Total available for sale....   $77,309       $188      $(419)     $77,078
                                      =======       ====      =====      =======
<CAPTION>
                                                       1997
                                    --------------------------------------------
                                                Gross      Gross
                                    Amortized Unrealized Unrealized  Approximate
                                      Cost      Gains      Losses    Fair Value
                                    --------- ---------- ----------  -----------
                                              (amounts in thousands)
   <S>                              <C>       <C>        <C>         <C>
   Available for sale:
     U.S. Treasury Securities......   $ 4,057       $  0      $ (19)     $ 4,038
     U.S. Government agencies......    55,765        126        (43)      55,848
     State and municipals..........     1,118         46          0        1,164
                                      -------       ----      -----      -------
       Total debt securities.......    60,940        172        (62)      61,050
                                      -------       ----      -----      -------
     FHLB stock....................     1,709          0          0        1,709
     Mortgage-backed securities....     5,789        129        (13)       5,905
                                      -------       ----      -----      -------
       Total available for sale....   $68,438       $301      $ (75)     $68,664
                                      =======       ====      =====      =======
</TABLE>

   The FHLB stock is restricted investment that is required by the FHLB to be
maintained by the Company.

                                     F-11
<PAGE>

                  AMERICAN BANCSHARES, INC. AND SUBSIDIARIES

            NOTES TO CONSOLIDATED FINANCIAL STATEMENTS--(Continued)


   The amortized cost and approximate fair value of investments at December
31, 1998, by scheduled maturity, are shown below. Scheduled maturities may
differ from actual maturities because borrowers may have the right to call or
prepay obligations with or without call or prepayment penalties.

<TABLE>
<CAPTION>
                                                         Amortized  Approximate
                                                           Cost     Fair Value
                                                         ---------  -----------
                                                              (amounts in
                                                              thousands)
   <S>                                                   <C>        <C>
   Due in one year or less.............................   $    503     $    505
   Due after one year through five years...............      3,026        3,029
   Due after five years through ten years..............     11,498       11,553
   Due after ten years.................................     31,604       31,366
                                                          --------     --------
     Total debt securities.............................     46,631       46,453
   FHLB stock..........................................      1,870        1,870
   Mortgage-backed securities..........................     28,808       28,755
                                                          --------     --------
                                                          $ 77,309     $ 77,078
                                                          ========     ========

   Proceeds from the sale of investment securities available for sale during
the years ended December 31, 1998, 1997 and 1996 was approximately
$50,455,000, $17,998,000, and $33,501,000 respectively. Gross gains of
approximately $435,000, $148,000 and $160,000 were realized on these sales for
the years ended December 31, 1998, 1997, and 1996, respectively. Gross losses
of approximately $25,000, $8,000 and $53,000 were realized on these sales for
years ended December 31, 1998, 1997 and 1996, respectively.

   At December 31, 1998, the Company had pledged securities with a carrying
value of approximately $1,019,000 and market value of approximately $1,029,000
to the State of Florida for public funds deposits. The current value of
pledged securities is adequate to meet the pledging requirements.

4. Loans Receivable, Net:

   The Company's loan portfolio consisted of the following at December 31:

<CAPTION>
                                                           1998        1997
                                                         ---------  -----------
                                                              (amounts in
                                                              thousands)
   <S>                                                   <C>        <C>
   Residential mortgage loans, substantially all single
    family.............................................   $ 30,304     $ 54,243
   Commercial and commercial real estate loans.........    159,356      112,039
   Consumer loans......................................     60,768       48,827
                                                          --------     --------
                                                           250,428      215,109
     Less allowance for loan losses....................     (2,355)      (2,311)
     Net deferred costs................................        735          607
                                                          --------     --------
       Loans, net......................................   $248,808     $213,405
                                                          ========     ========
</TABLE>

   The Company grants and purchases real estate, commercial and consumer loans
throughout Florida, with a majority in the Sarasota and Manatee County area.
Although the Company has a diversified loan portfolio, a significant portion
of its debtors' ability to honor their contracts is dependent primarily upon
the economy of Sarasota and Manatee Counties, Florida and general economic
conditions.

                                     F-12
<PAGE>

                  AMERICAN BANCSHARES, INC. AND SUBSIDIARIES

            NOTES TO CONSOLIDATED FINANCIAL STATEMENTS--(Continued)


   A summary of activity in the allowance for loan losses follows:

<TABLE>
<CAPTION>
                                                       1998     1997     1996
                                                      -------  -------  -------
                                                      (amounts in thousands)
   <S>                                                <C>      <C>      <C>
   Balance at beginning of year...................... $ 2,311  $ 1,761  $ 1,609
   Provision charged to income.......................   1,180      921      515
   Recoveries on loans previously charged off........     122      100       49
   Loans charged off.................................  (1,258)    (471)    (412)
                                                      -------  -------  -------
     Balance at end of year.......................... $ 2,355  $ 2,311  $ 1,761
                                                      =======  =======  =======
</TABLE>

   In management's opinion, the allowance is adequate to reflect the risk in
the loan portfolio.

   At December 31, 1998 and 1997, the recorded investment in loans for which
impairment has been recognized totaled approximately $1,629,000 and $662,000,
respectively. The total allowance for loan losses related to these loans was
approximately $556,000 and $246,000 at December 31, 1998 and 1997,
respectively. Interest income on impaired loans of approximately $108,000,
$49,000 and $87,000 was recognized for cash payments, received in 1998, 1997
and 1996, respectively. For the years ended December 31, 1998 and 1997, the
average recorded investment in impaired loans was $854,000 and $312,000.

   At December 31, 1998 and 1997, the Company had approximately $429,000 and
$986,000 in nonaccrual loans, respectively. For the years ended December 31,
1998, 1997 and 1996, the amount of interest income not recorded related to
nonaccrual loans was approximately $14,000, $42,000 and $60,000, respectively.
There were accruing 8 and 2 loans that were 90 days or more past due amounting
to $33,000 and $140,000 for December 31, 1998 and 1997, respectively.

   Loans to Officers and Directors--In the course of its business, the Company
has granted loans to executive officers, directors and principal shareholders
of the Company and to entities to which they are related. Following is a
summary of the amount of loans in which the aggregate of the loans exceeded
$60,000 during the year.

<TABLE>
<CAPTION>
                                                                1998     1997
                                                              --------  -------
                                                                  (amounts
                                                               in thousands)
   <S>                                                        <C>       <C>
   Balance at beginning of year.............................. $  6,459  $ 6,892
   New loans.................................................    4,722    2,164
   Repayments on loans.......................................   (1,473)  (2,597)
                                                              --------  -------
     Balance at end of year.................................. $  9,708  $ 6,459
                                                              ========  =======

5. Premises and Equipment:

   A summary of premises and equipment at December 31, 1998 and 1997 is as
follows:

<CAPTION>
                                                                1998     1997
                                                              --------  -------
                                                                  (amounts
                                                               in thousands)
   <S>                                                        <C>       <C>
   Land...................................................... $  2,802  $ 2,802
   Building and improvements.................................    8,174    5,405
   Furniture, fixtures, and equipment........................    5,629    4,034
                                                              --------  -------
                                                                16,605   12,241
     Less accumulated depreciation...........................   (3,711)  (3,080)
                                                              --------  -------
                                                              $ 12,894  $ 9,161
                                                              ========  =======
</TABLE>

                                     F-13
<PAGE>

                  AMERICAN BANCSHARES, INC. AND SUBSIDIARIES

            NOTES TO CONSOLIDATED FINANCIAL STATEMENTS--(Continued)


   Depreciation expense totaled approximately $964,000, $718,000 and $486,000
for the years ended December 31, 1998, 1997 and 1996, respectively.

   The Company leases facilities and certain equipment under operating leases
with noncancelable terms. Rent expense amounted to approximately $220,000 for
the year ended December 31, 1998. Operating lease commitments were $186,000,
$125,000, $41,000, $20,000 and $8,000 for 1999, 2000, 2001, 2002, and 2003,
respectively.

6. Loan Servicing:

   Mortgage loans serviced for others are not included in the accompanying
consolidated balance sheets. The unpaid principal balances of mortgage loans
serviced for others was approximately $51,033,000 and $10,998,000 at December
31, 1998 and 1997, respectively.

   Custodial escrow balance maintained in connection with the foregoing loan
servicing, and included in demand deposits, were approximately $144,000 and
$41,000 at December 31, 1998 and 1997, respectively.

   Mortgage servicing rights of approximately $654,000 and $188,000 were
capitalized in 1988 and 1997, respectively. Amortization of mortgage servicing
rights was approximately $84,000, $26,000 and $29,000 during 1998, 1997 and
1996, respectively. The value of mortgage servicing rights sold was $0,
$234,100 and $0 for 1998, 1997 and 1996, respectively. At December 31, 1998
and 1997, the capitalized mortgage servicing rights totaled approximately
$715,000 and $145,000, respectively, which approximated fair value.

7. Deposits:

   Deposits consisted of the following at December 31:

<TABLE>
<CAPTION>
                                                                 1998     1997
                                                               -------- --------
                                                                  (amounts in
                                                                  thousands)
   <S>                                                         <C>      <C>
   Demand..................................................... $ 62,123 $ 44,120
   NOW........................................................   32,266   24,390
   Money Market...............................................   72,497   61,998
   Savings....................................................   14,675   13,258
                                                               -------- --------
                                                                181,561  143,766
                                                               -------- --------
   Certificate Accounts,
     Under $100,000...........................................  108,888  111,339
     Over $100,000............................................   36,200   34,838
     IRAs.....................................................   18,196   12,803
                                                               -------- --------
                                                                163,284  158,980
                                                               -------- --------
                                                               $344,845 $302,746
                                                               ======== ========
</TABLE>

   The aggregate amount of certificates of deposit of $100,000 or more at
December 31, 1998 and 1997 was approximately $38,716,000 and $36,170,000,
respectively.

                                     F-14
<PAGE>

                  AMERICAN BANCSHARES, INC. AND SUBSIDIARIES

            NOTES TO CONSOLIDATED FINANCIAL STATEMENTS--(Continued)


   A summary of certificate accounts at December 31, 1998 by year of scheduled
maturity follows:

<TABLE>
<CAPTION>
                                                                1998     1997
                                                              -------- --------
                                                                 (amounts in
                                                                 thousands)
   <S>                                                        <C>      <C>
   Due within one year....................................... $107,108 $ 86,347
   Due after one year through two years......................   23,170   34,662
   Due after two years though three years....................   20,614   13,487
   Due after three years through four years..................    4,852   19,389
   Due after four years......................................    7,540    5,095
                                                              -------- --------
                                                              $163,284 $158,980
                                                              ======== ========
</TABLE>

   Interest expense on deposit accounts is summarized as follows:

<TABLE>
<CAPTION>
                                                         1998    1997    1996
                                                        ------- ------- ------
                                                        (amounts in thousands)
   <S>                                                  <C>     <C>     <C>
   Interest on NOW accounts and money market deposit
    accounts........................................... $ 3,386 $ 3,206 $2,087
   Interest on savings accounts........................     308     304    312
   Interest on certificate accounts....................   9,448   8,395  7,076
                                                        ------- ------- ------
                                                        $13,142 $11,905 $9,475
                                                        ======= ======= ======
</TABLE>
8. Securities Sold Under Agreements to Repurchase:

   The Company enters into sales of securities under agreements to repurchase.
Repurchase agreements are treated as financings, and the obligations to
repurchase securities sold are reflected as a liability in the consolidated
balance sheets. The dollar amount of securities underlying the agreements
remains in the asset accounts. The securities sold under repurchase agreements
remain in the custody of a third-party trustee. The Company may have sold,
loaned, or otherwise disposed of such securities in the normal course of its
operations and has agreed to maintain substantially identical securities
during the agreements. The agreements mature within 30 days.

   Information related to the Company's securities sold under repurchase
agreements (including accrued interest) at December 31, 1998 and 1997 is
presented below, segregated by the type of securities sold and by due date of
the agreement:

<TABLE>
<CAPTION>
                                                              1998     1997
                                                             -------  -------
                                                             (dollar amounts
                                                              in thousands)
   <S>                                                       <C>      <C>
   Average balance during the year.......................... $26,039  $14,374
   Average interest rate during the year....................    4.63%    4.54%
   Maximum month-end balance during the year................ $31,433  $21,589
   US Government agencies and mortgage-backed securities
    underlying the agreements at year-end:
     Cost................................................... $31,050  $19,285
     Fair Value............................................. $30,862  $19,332
</TABLE>

9. Federal Home Loan Bank Advances:

   Each Federal Home Loan Bank (FHLB) is authorized to make advances to its
member associations, subject to such regulations and limitations as the FHLB
may prescribe. The Bank's borrowings from the FHLB of Atlanta at December 31,
1998 and 1997 were $34,900,000 and $5,000,000 at 5.04% through 5.15% and
6.95%, respectively, with the December 31, 1998 balance maturing at various
dates through August 2008.

                                     F-15
<PAGE>

                  AMERICAN BANCSHARES, INC. AND SUBSIDIARIES

            NOTES TO CONSOLIDATED FINANCIAL STATEMENTS--(Continued)


   The FHLB requires that the Bank maintain qualifying mortgages as collateral
and all of its FHLB stock as collateral for its advances. As of December 31,
1998, the Bank has a credit availability of $50,000,000.

   Uncollateralized lines amounting to $4.9 million at December 31, 1998 were
maintained with various banks with rates which are at or below prime rate. The
lines and their terms are periodically reviewed and are generally subject to
withdrawal at the discretion of the banks. No borrowings on these agreements
were outstanding at December 31, 1998 and 1997, respectively.

10. Note Payable:

   In 1997, the Company entered into a Loan Agreement with a national banking
association for a $5 million revolving line of credit facility. The agreement
requires the proceeds of the new credit facility to be used for the
acquisition of real estate to be used for the development of the Company's
corporate headquarters, an operations center, and bank branches. The credit
facility is collateralized by the shares of the Bank. The agreement requires
the Company to meet certain covenants and restricts the payment of dividends,
which have been met. Interest on the revolving credit facility is calculated
quarterly on either one or three month LIBOR plus 175 basis points (7.74% at
December 31, 1997). After two years, the loan converts into a ten-year term
note with a five-year balloon payment. In 1998 all amounts related to the line
of credit were repaid and the line was closed.

11. Guaranteed Preferred Beneficial Interests in the Company's Junior
Subordinated Debentures:

   In 1998, ABICT was created by the Company for the exclusive purpose of
issuing and selling common securities and preferred securities (together trust
securities) and investing the proceeds from the sale of the trust securities
in junior subordinated debentures issued by the Holding Company. The common
securities are wholly owned by the Holding Company, and such securities are
the only class of ABICT's securities possessing general voting powers. In May
1998, ABICT issued $15,000,000 in the aggregate liquidation amount of its
8.50% preferred securities, liquidation amount $10 per preferred security
("capital securities") in a registered public offering. In August 1998, the
underwriter exercised its over-allotment option, in part, and an additional
$1,249,420 in aggregate liquidation amount of capital securities were issued.
The surety obligations constitute a full and unconditional guarantee by the
Company of the issuer trust obligations under the capital securities.

   The trust securities are scheduled to mature on June 30, 2028.
Distributions on these securities are payable quarterly, commencing September
30, 1998; such distributions can be deferred at the option of the Company for
up to five years. The trust securities can be prepaid in whole or in part on
or after June 30, 2003 in accordance with the terms of the trust agreement.
Distributions on the securities are included in interest expense.

                                     F-16
<PAGE>

                  AMERICAN BANCSHARES, INC. AND SUBSIDIARIES

            NOTES TO CONSOLIDATED FINANCIAL STATEMENTS--(Continued)


12. Income Taxes:

   The Company's provision for income taxes consisted of the following for the
years ended December 31:

<TABLE>
<CAPTION>
                                                            1998    1997   1996
                                                            -----  ------  ----
                                                               (amounts in
                                                               thousands)
   <S>                                                      <C>    <C>     <C>
   Current:
     Federal..............................................  $ 992  $1,240  $535
     State................................................     62      76    29
                                                            -----  ------  ----
                                                            1,054   1,316   564
                                                            -----  ------  ----
   Deferred:
     Federal..............................................   (161)   (184)  (91)
     State................................................    (16)    (15)  (12)
                                                            -----  ------  ----
                                                             (177)   (199) (103)
                                                            -----  ------  ----
                                                            $ 877  $1,117  $461
                                                            =====  ======  ====
</TABLE>

   Deferred income taxes consisted of the following for the year ended
December 31:

<TABLE>
<CAPTION>
                                                           1998   1997   1996
                                                          ------  -----  -----
                                                             (amounts in
                                                              thousands)
   <S>                                                    <C>     <C>    <C>
   Provision for loan losses............................. $  163  $(163) $ 134
   Cash to accrual adjustment............................    (58)   (58)    58
   Merger expense........................................    (58)  (128)     0
   Net operating loss carryforward.......................      0    219   (219)
   Market value of loans held for sale...................   (179)     0      0
   Other.................................................    (45)   (69)   (76)
                                                          ------  -----  -----
                                                          $(177)  $(199) $(103)
                                                          ======  =====  =====
</TABLE>


                                     F-17
<PAGE>

                  AMERICAN BANCSHARES, INC. AND SUBSIDIARIES

            NOTES TO CONSOLIDATED FINANCIAL STATEMENTS--(Continued)

   Deferred income taxes reflect the impact of temporary differences between
the amounts of assets and liabilities recorded for financial reporting
purposes and such amounts as measured in accordance with tax laws. The items
which comprise a significant portion of deferred tax assets and liabilities at
December 31 are as follows:

<TABLE>
<CAPTION>
                                                             1998   1997  1996
                                                             -----  ----  ----
                                                               (amounts in
                                                               thousands)
   <S>                                                       <C>    <C>   <C>
   Deferred tax assets:
     Book over tax bad debts...............................  $ 641  $657  $495
     Market value of loans held for sale...................    285   106   101
     Merger expense........................................    128   128     0
     Net operating loss carry forward......................      0     0   219
     Other.................................................     11    32    15
                                                             -----  ----  ----
       Deferred tax assets.................................  1,065   923   830
                                                             -----  ----  ----
   Deferred tax liabilities:
     Loan origination fees.................................    (95)  (71)  (50)
     Cash to accrual adjustment............................      0   (58) (117)
     Other.................................................      0     0   (64)
                                                             -----  ----  ----
       Deferred tax liabilities............................    (95) (129) (231)
                                                             -----  ----  ----
       Net deferred tax asset..............................  $ 970  $794  $599
                                                             =====  ====  ====
</TABLE>

   The Company's effective income tax rates of 35%, 36.7% and 37% for the
years ended December 31, 1998, 1997 and 1996 respectively, vary from the
statutory federal income tax rate of 34% due primarily to state income taxes
and tax exempt interest income.

13. Other Income:

   Other income consisted of the following for the years ended December 31:

<TABLE>
<CAPTION>
                                                            1998   1997   1996
                                                           ------ ------ ------
                                                               (amounts in
                                                                thousands)
   <S>                                                     <C>    <C>    <C>
   Service charges on deposit accounts.................... $1,878 $1,812 $1,192
   Broker loan fees.......................................    152    327     33
   Net gains on sales of investment securities............    410    140    107
   Net gains on sales of loans............................  1,321    870    514
   Net gain (loss) on sale of other real estate owned.....      0     13   (336)
   Merchant fees on credit cards..........................    750    479    262
   Late fees..............................................    223    171    127
   Other..................................................    511    344    249
                                                           ------ ------ ------
                                                           $5,245 $4,156 $2,148
                                                           ====== ====== ======
</TABLE>


                                     F-18
<PAGE>

                   AMERICAN BANCSHARES, INC. AND SUBSIDIARIES

            NOTES TO CONSOLIDATED FINANCIAL STATEMENTS--(Continued)


14. Other Expenses:

   Other expense consisted of the following for the years ended December 31:

<TABLE>
<CAPTION>
                                                       1998     1997     1996
                                                      -------  -------  ------
                                                      (amounts in thousands)
   <S>                                                <C>      <C>      <C>
   Compensation and related benefits................  $ 7,015  $ 5,181  $4,361
   Occupancy and equipment..........................    1,953    1,627   1,184
   SAIF assessment..................................        0        0     348
   FDIC Insurance...................................      131       82     148
   Data processing..................................      946      917     925
   Advertising and promotion........................      487      307     351
   Printing supplies and postage....................      634      434     322
   Directors fees and expenses......................      138      157     124
   Professional fees................................      634      534     244
   ATM and credit card fees.........................      943      631     206
   Foreclosed real estate expense...................       23       29     223
   Intangible taxes.................................      167      157     126
   Litigation settlement............................      525        0       0
   Other............................................    2,978    1,856   1,294
                                                      -------  -------  ------
                                                      $16,574  $11,912  $9,856
                                                      =======  =======  ======

   Loan origination costs of approximately $985,000, $686,000 and $342,000 in
1998, 1997 and 1996, respectively, have been offset against compensation and
related benefits.

15. Comprehensive Income:

   The components of comprehensive income, net of related tax, are as follows:

<CAPTION>
                                                       Year ended December
                                                               31,
                                                      ------------------------
                                                       1998     1997     1996
                                                      -------  -------  ------
                                                      (amounts in thousands)
   <S>                                                <C>      <C>      <C>
   Net income.......................................  $ 1,627  $ 1,920  $  782
   Other comprehensive income:
     Unrealized gains (losses on securities):
       Arising during the period, net of tax expense
        (benefit) of $(8), $173 and $(108)..........      (16)     321    (200)
       Less: reclassification adjustment for gains
        in income, net of tax expense of $144, $49
        and $37.....................................     (266)     (91)    (70)
                                                      -------  -------  ------
   Other comprehensive income (expense).............     (282)     230    (270)
                                                      -------  -------  ------
   Comprehensive income.............................  $ 1,345  $ 2,150  $  512
                                                      =======  =======  ======
</TABLE>

                                      F-19
<PAGE>

                  AMERICAN BANCSHARES, INC. AND SUBSIDIARIES

            NOTES TO CONSOLIDATED FINANCIAL STATEMENTS--(Continued)


16. Financial Instruments with Off-Balance Sheet Risk:

   The Company is a party to financial instruments with off-balance sheet risk
in the normal course of business to meet the financing needs of its customer.
These financial instruments include commitments to extend credit, standby
letters of credit, and credit cards. They involve, to varying degrees,
elements of credit and interest rate risk in excess of the amount recognized
on the balance sheet. The contract or notional amounts of those instruments
reflect the extent of involvement the Company has in particular classes of
financial instruments. The Company has no financial instruments with off-
balance sheet risk that are held for trading purposes.

   The Company's exposure to credit loss in the event of nonperformance by the
other party to the financial instrument for commitments to extend credit and
standby letters of credit is represented by the contractual or notional amount
of the instruments. The Company uses the same credit policies in making
commitments and conditional obligations as it does for on-balance sheet
instruments. As of December 31, 1998 and 1997 financial instruments with off-
balance sheet risk were as follows:

<TABLE>
<CAPTION>
                                                           1998        1997
                                                        ----------- -----------
                                                        (amounts in thousands)
   <S>                                                  <C>         <C>
   Contractual or Notional Amounts
   Commitments to extend credit........................ $    75,799 $    56,598
   Standby letters of credit........................... $       986 $       537
   Credit Cards........................................ $     6,840 $     4,742
</TABLE>

   Commitments to extend credit are agreements to lend to a customer as long
as there is no violation of any condition established in the contract.
Commitments generally have fixed expiration dates or other termination clauses
and may require payment of a fee. Since many of the commitments are expected
to expire without being drawn upon, the total commitment amounts do not
necessarily represent future cash requirements. The Company evaluates each
customer's credit worthiness on a case-by-case basis. The amount of collateral
obtained if deemed necessary by the Company upon extension of credit is based
on management's credit evaluation of the counter-party. Collateral held varies
but may include accounts receivable, inventory, property, plant, and
equipment, and income-producing commercial properties.

   Standby letters of credit are conditional commitments issued by the Company
to guarantee the performance of a customer to a third party. Those guarantees
are primarily issued to support public and private borrowing arrangements,
including commercial paper, bond financing, and similar transactions. The
guarantees at December 31, 1998 are short-term, expiring in 1999.

17. Employee Benefit and Stock Option Plans:

   The Company has qualified plans under Section 401(k) of the Internal
Revenue Code (Plans) for all employees meeting certain eligibility
requirements. The Plans allow participants to make annual contributions equal
to 15% or less of the participant's compensation up to a maximum allowed by
Internal Revenue Service regulation. The Company may match a percentage of the
participant's contributions. Plan contributions by the Company for the year
ended December 31, 1998, 1997 and 1996 was approximately $49,000, $28,000 and
$18,000 respectively.

   The Company has a qualified Incentive Stock Option plan (Incentive Plan)
and a Non-qualified Share Option Plan for non-employee directors (Non-
qualified Plan) (together Option Plans) under which the Company may grant
options for up to 150,000 and 75,000 shares of common stock, respectively.
Under the Option Plans, the exercise price of each option equals the market
price of the Company's stock on the date of grant. Options are granted upon
approval of the Board of Directors and vest 33% per year for three years and
are exercisable over 10 years from the date of the grant.

                                     F-20
<PAGE>

                  AMERICAN BANCSHARES, INC. AND SUBSIDIARIES

            NOTES TO CONSOLIDATED FINANCIAL STATEMENTS--(Continued)


   The Company applies APB Opinion No. 25, "accounting for Stock Issued to
Employees" (APB 25) and related Interpretations in accounting for its Option
Plans. Accordingly, no compensation cost has been recognized for options
granted under the Option Plans. Had compensation cost for the Company's Option
Plans been determined based on the fair value at the grant dates for awards
under the Option Plans consistent with the method of Financial Accounting
Standards Statement No. 123, "Accounting for Stock-Based Compensation," the
Company's net income and net income per share would have been reduced to the
pro forma amounts of approximately $1,562,000, $1,891,000 and $775,000 for net
income and basic earnings per share of $.31, $.38 and $.17 for the years ended
December 31, 1998, 1997 and 1996, respectively.

   The fair value of each option grant is estimated on the date of grant using
the Black-Scholes option-pricing model with the following weighted-average
assumptions used for grants in 1998; dividend yield of 0% in each period, as
there has been no regular dividend payment history, expected stock price
volatility of 27.1%, 23.6% and 23.6%, risk-free interest rates of 5.36%,
6.35%, and 6.39% for December 31, 1998, 1997 and 1996, respectively; and
expected lives of five years.

   A summary of the status of the Company's Option Plans as of December 31,
1998, 1997 and 1996, respectively, and changes during the years ending on
those dates is presented below:

<TABLE>
<CAPTION>
                                   1998             1997            1996
                             ----------------- --------------- ---------------
                                      Weighted        Weighted        Weighted
                                      Average         Average         Average
                                      Exercise        Exercise        Exercise
                             Shares    Price   Shares  Price   Shares  Price
                             -------  -------- ------ -------- ------ --------
   <S>                       <C>      <C>      <C>    <C>      <C>    <C>
   Outstanding at beginning
    of year.................  63,600    $ 6.71 28,800    $5.24 24,000    $5.24
   Granted.................. 122,698     11.13 34,800     7.93  4,800     5.17
   Forfeited................  (1,000)     8.37      0               0
   Exercised................    (500)     8.37      0               0
                             -------           ------          ------
   Outstanding.............. 184,798     10.94 63,600     6.71 28,800     5.24
                             =======           ======          ======
   Options exercisable at
    year-end................ 184,798           33,600          43,600
                             =======           ======          ======
</TABLE>

   The following table summarized information about the Option Plans' stock
options at December 31, 1998:

<TABLE>
<CAPTION>
                           Options Outstanding                 Options Exercisable
              --------------------------------------------- --------------------------
   Range of               Weighted-Average     Weighted                    Weighted
   Exercise     Number       Remaining     Average Exercise   Number       Average
    Price     Outstanding Contractual Life      Price       Exercisable Exercise Price
   --------   ----------- ---------------- ---------------- ----------- --------------
   <S>        <C>         <C>              <C>              <C>         <C>
   $5.00-
    11.125      186,798       10 years          $10.94        43,600        $1.57
</TABLE>

18. Shareholders' Equity:

   The Company's current policy is to retain all earnings to fund operations.
Future dividend payments will be at the discretion of the Board of Directors
of the Company and will be dependent upon several factors, including State and
Federal banking regulations that impose limitations on such payments.

   In February 1996, the Company completed a public offering of 1,250,000
shares of common stock at $6.00 per share (the Offering). Subsequent to the
Offering, an additional 187,000 shares of common stock were issued as part of
the over-allotment amount. The net proceeds of the Offering, after deducting
applicable issuance costs and expenses, were approximately $7,378,000.

                                     F-21
<PAGE>

                  AMERICAN BANCSHARES, INC. AND SUBSIDIARIES

            NOTES TO CONSOLIDATED FINANCIAL STATEMENTS--(Continued)


   In January 1997, the Company acquired the net assets of Deschamps & Gregory
Mortgage Company, Inc., a mortgage brokerage company, for approximately
$56,000. The Company issued 7,119 shares of common stock in connection with
the acquisition. The Company accounted for the acquisition using the purchase
method of accounting.

   The following table summarizes the activity of the Company's issued and
outstanding warrants and their corresponding exercise prices for December 31,
1997 and 1996. There were no warrants issued or outstanding at December 31,
1998.

<TABLE>
<CAPTION>
                                          1992 Warrants        1994 Warrants
                                       -------------------- --------------------
                                        Warrants   Exercise  Warrants   Exercise
                                       Outstanding  Price   Outstanding  Price
                                       ----------- -------- ----------- --------
   <S>                                 <C>         <C>      <C>         <C>
   Balance, January 1, 1996...........    18,594    $4.00     227,224    $6.00
   Warrants exercised.................       --     $0.00    (163,695)   $6.00
                                                             --------
   Balance, December 31, 1996.........    18,594    $4.00      63,529    $6.00
   Warrants expires...................   (18,594)   $4.00      (1,932)   $6.00
   Warrants exercised.................       --     $0.00     (61,597)   $6.00
                                         -------    -----    --------    -----
   Balance, December 31, 1997.........         0                    0
                                         =======             ========
</TABLE>

19. Dividend Restrictions:

   State banking regulations limit the amount of dividends that may be paid by
the Bank to its Parent without prior approval of regulatory agencies. The
amount of dividends that may be paid is based on the net profits of the
current year combined with retained net profits of the preceding two years as
defined by state banking regulations. At December 31, 1998, approximately
$5,503,000 are available for payment of dividends without prior regulatory
approval.

20. Fair Values of Financial Instruments:

   Statement of Financial Accounting Standards No. 107, "Disclosures About
Fair Value of Financial Instruments," requires that the Company disclose
estimated fair values for its financial instruments. Fair value is defined as
the price at which a financial instrument could be liquidated in an orderly
manner over a reasonable time period under present market conditions. Fair
values estimates, methods and assumptions are set forth below for the
Company's financial instruments.

   Cash and Due From Bank and Federal Funds Sold--For cash and due from banks
and Federal Funds Sold, the carrying amount is a reasonable estimate of fair
value.

   Investments and Mortgage-Backed Securities--The fair value of investments
and mortgage-backed securities is estimated based on bid prices published in
financial newspapers or bid quotations received from securities dealers.

   Loans Receivable--The estimated fair value of the Company's fixed rate
loans was calculated by discounting contractual cash flows adjusted for
current prepayment estimates. The discount rates were based on the interest
rate charged to current customers for comparable loans. The Company's
adjustable rate loans reprice frequently at current market rates. Therefore,
the fair value of these loans has been estimated to be approximately equal to
their carrying amount.

   The impact of delinquent loans on the estimation of the fair values
described above is not considered to have a material effect and, accordingly,
delinquent loans have been disregarded in the valuation methodologies used.

                                     F-22
<PAGE>

                  AMERICAN BANCSHARES, INC. AND SUBSIDIARIES

            NOTES TO CONSOLIDATED FINANCIAL STATEMENTS--(Continued)


   Deposit Liabilities--The fair value of deposits with no stated maturity,
such as demand, NOW, money market and savings is equal to the amount payable
on demand as of December 31, 1998. The fair value of time deposits is
estimated using the rates currently offered for deposits of similar remaining
maturities.

   Securities Sold Under Repurchase Agreements--The repurchase agreements
outstanding at December 31, 1998 mature within 30 days. The estimated fair
value of these agreements approximates the carrying value.

   FHLB Advances and Note Payable--Cash flow from fixed-rate borrowings are
discounted at a spread to the zero Treasury curve which equates to the LIBOR
yield. The note payables interest rate reprices quarterly. The estimated fair
value approximates the carrying value.

   Guaranteed Preferred Beneficial Interests in the Company's Junior
Subordinated Debentures--The fair values are estimated based on bid prices
published in financial newspapers.

   Commitments to Extend Credit and Standby Letters of Credit--The fair value
of commitments to extend credit is estimated using the fees currently charged
to enter into similar agreements, taking into account the remaining terms of
the agreements and the present creditworthiness of the counterparties. For
fixed rate loan commitments, fair value also considers the difference between
current levels of interest rates and the committed rates. The fair value of
standby letters of credit is based on fees currently charged for similar
agreements or on the estimated cost to terminate them or otherwise settle the
obligations with the counterparties.

   The estimated fair values of the Company's financial instruments are as
follows:

<TABLE>
<CAPTION>
                                                1998                1997
                                         ------------------- -------------------
                                         Carrying            Carrying
                                          Amount  Fair Value  Amount  Fair Value
                                         -------- ---------- -------- ----------
                                                  (amounts in thousand)
   <S>                                   <C>      <C>        <C>      <C>
   Financial assets:
     Cash and due form banks...........  $ 20,215  $ 20,215  $ 13,276  $ 13,276
     Federal funds sold................         0         0     5,120     5,120
     Loans held for sale...............    88,158    89,674    39,588    39,747
     Investments securities available
      for sale.........................    77,078    77,078    68,664    68,664
     Loans receivable, net.............   248,808   253,008   213,405   218,927
   Financial liabilities:
     Deposits..........................   344,845   190,670   302,746   303,586
     Securities sold under agreements
      to repurchase....................    29,592    29,592    17,528    17,528
     FHLB advances.....................    34,900    34,900     5,000     5,000
     Note payable......................         0         0       500       500
     Guaranteed preferred beneficial
      interests in the Company's junior
      subordinated debentures..........    16,249    16,249         0         0
<CAPTION>
                                         Contract            Contract
                                          Amount  Fair Value  Amount  Fair Value
                                         -------- ---------- -------- ----------
   <S>                                   <C>      <C>        <C>      <C>
   Unrecognized financial instruments:
     Loan commitments..................  $ 75,799  $    114  $ 56,598  $     80
     Standby letters of credit.........       986         0       537         0
     Credit cards......................     6,840         0     4,742         0
</TABLE>

   Limitations--The fair value estimates are made at a discrete point in time
based on relevant market information and information about the financial
instrument. Quoted market prices, when available, are used as the measure of
fair value. When quoted market prices are not available, fair value estimates
have been based on

                                     F-23
<PAGE>

                  AMERICAN BANCSHARES, INC. AND SUBSIDIARIES

            NOTES TO CONSOLIDATED FINANCIAL STATEMENTS--(Continued)

judgments regarding future expected loss experience, current economic
conditions, risk characteristics of various financial instruments, and other
factors. These estimates are inherently subject, involving uncertainties and
matters of significant judgment, and, therefore, may not be indicative of the
value that could be realized in a current market exchange. Changes in
assumptions could significantly affect the estimates.

   The value estimates are based on existing on- and off-balance-sheet
financial instruments without attempting to estimate the value of anticipate
future business and the value of assets and liabilities that are not
considered financial instruments. Other significant assets and liabilities
that are not considered financial assets or liabilities include deferred tax
assets and property, plant and equipment. In addition, the tax ramifications
related to the realization of the unrealized gains and losses for investments
and mortgage-backed securities can have a significant effect on fair value
estimates and have not been considered in many of the estimates.

21. Risks and Uncertainties:

   The earnings of the Company depend on the earnings of the Bank. The Bank is
dependent primarily upon the level of net interest income, which is the
difference between interest earned on its interest earning assets, such as
loans and investments and the interest paid on its interest-bearing
liabilities, such as deposits and borrowings. Accordingly, the operations of
the Bank are subject to risks and uncertainties surrounding its exposure to
changes in the interest rate environment.

   Most of the Bank's lending activity is with customers located within
Sarasota and Manatee counties. Generally, the loans are collateralized by real
estate consisting of single family, residential properties and commercial
properties. While this represents a concentration of credit risk, the credit
losses arising from this type of lending compares favorably with the Bank's
credit loss experience on its portfolio as a whole. The ultimate repayment of
these loans is dependent to a certain degree on the local economy and real
estate market.

   The financial statements of the Company are prepared in conformity with
generally accepted accounting principles that require management to make
estimates and assumptions that affect the reported amounts of assets and
liabilities and disclosures of contingent assets and liabilities at the date
of the financial statements and the reported amounts of revenues and expenses
during the reported period. Actual results could differ from these estimates.

22. Regulatory Capital

   The Bank is subject to various regulatory capital requirements administered
by the federal banking agencies. Failure to meet minimum capital requirements
can initiate certain mandatory and possibly additional discretionary actions
by regulators that, if undertaken, could have a direct material effect on the
Bank's financial statements. Under capital adequacy guidelines and the
regulatory framework for prompt corrective action, the Bank must meet specific
capital guidelines that involve quantitative measures of the Bank's assets,
liabilities, and certain off-balance-sheet items as calculated under
regulatory accounting practices. The Bank's capital amounts and classification
are also subject to qualitative judgments by the regulators about components,
risk weightings, and other factors.

   Quantitative measures established by regulation to ensure capital adequacy
require the Bank to maintain minimum amounts and ratios (set forth in the
table below) of total and Tier I capital (as defined in the regulations) to
risk-weighted assets (as defined), and of Tier I capital (as defined) to
average assets (as defined). Management believes, as of December 31, 1998,
that the Bank meets all capital adequacy requirements to which it is subject.

                                     F-24
<PAGE>

                  AMERICAN BANCSHARES, INC. AND SUBSIDIARIES

            NOTES TO CONSOLIDATED FINANCIAL STATEMENTS--(Continued)


   As of December 31, 1998, the most recent notification from the FDIC
categorized the bank as well capitalized under the regulatory framework for
prompt corrective action. To be categorized as well capitalized, the Bank must
maintain minimum total risk-based, Tier I risk-based, and Tier I leverage
ratios as set forth in the table. There are no conditions or events since that
notification that management believes have changed the Bank's category.

   The Bank's actual capital amounts and ratios are also presented in the
table. There were no deductions for interest-rate risk in 1998 and 1997.

<TABLE>
<CAPTION>
                                                                 To Be Well
                                                              Capitalized Under
                                            For Capital       Prompt Corrective
                             Actual      Adequacy Purposes    Action Provisions
                          -------------  -------------------- -------------------
                          Amount  Ratio    Amount     Ratio    Amount     Ratio
                          ------- -----  ----------- -------- ---------- --------
                                    (dollar amounts in thousands)
<S>                       <C>     <C>    <C>         <C>      <C>        <C>
As of December 31, 1998:
Total Capital
 (to Risk Weighted
 Assets)................  $39,642 12.40%  $   24,496     8.0% $   31,869    10.0%
Tier I Capital
 (to Risk Weighted
 Assets)................   37,319 11.70%      12,748     4.0%     19,122     6.0%
Tier I Capital
 (to Averaged Assets)...   37,319  8.40%      13,297     3.0%     22,162     5.0%
As of December, 1997:
Total Capital
 (to Risk Weighted
 Assets)................   25,709 10.90%      18,857     8.0%     23,571    10.0%
Tier I Capital
 (to Risk Weighted
 Assets)................   23,820 10.11%       9,428     4.0%     14,143     6.0%
Tier I Capital
 (to Averaged Assets)...   23,820  6.87%      10,398     3.0%     17,330     5.0%
</TABLE>

23. Future Accounting Pronouncements:

   Financial Accounting Standards Board Statement (FAS) No. 133, "Accounting
for Derivative Instruments and Hedging Activities, "requires all derivatives
to be recorded on the balance sheet at fair value and established standard
accounting methodologies for hedging activities. The standard will result in
the recognition of offsetting changes in value or cash flows of both the hedge
and the hedged item in earnings or comprehensive income in the same period.
The statement is effective for the Company's fiscal year ending December 31,
2000. Because the Company does not currently hold any derivative investments,
the adoption of this statement is not expected to have an impact on the
financial statements.

   FAS No. 134, "Accounting for Mortgage-Backed Securities retained after the
Securitization of Mortgage Loans Held for Sale by a Mortgage Banking Entity,"
amends FAS No, 65 allowing mortgage-backed securities or other retained
interests arising from the securitization of mortgage loans to be classified
based on the mortgage banking entities' ability and intent to sell of hold
those securities. Previously these securities had to be held within a trading
account. This statement is effective for the Company's fiscal year ending
December 31, 1999. The adoption of this standards is not expected to have a
significant impact on the financial statements.

                                     F-25
<PAGE>

                   AMERICAN BANCSHARES, INC. AND SUBSIDIARIES

            NOTES TO CONSOLIDATED FINANCIAL STATEMENTS--(Continued)


24. Condensed Parent Company Financial Statements:

   The condensed financial statements of American Bancshares, Inc., as the
parent organization, are presented as follows:

                            CONDENSED BALANCE SHEET

<TABLE>
<CAPTION>
                                                      December 31, December 31,
                                                          1998         1997
                                                      ------------ ------------
                                                        (amounts in thousands)
   <S>                                                <C>          <C>
   Assets:
     Cash............................................   $ 4,335      $   374
     Investment in banking subsidiary................    37,535       24,040
     Investment in finance subsidiary................       245            0
     Investment in trust subsidiary..................       503            0
     Premises and equipment..........................         0        2,160
     Prepaid expense.................................       588          156
     Debt issue costs................................     1,007            0
     Other assets....................................         6            3
                                                        -------      -------
       Total assets..................................   $44,219      $26,733
                                                        =======      =======
   Liabilities:
     Junior Subordinated debentures..................   $16,752      $     0
     Other liabilities...............................        40          654
                                                        -------      -------
       Total liabilities.............................    16,792          654
                                                        -------      -------
   Shareholders' equity:
     Common stock....................................     5,870        5,870
     Additional paid-in capital......................    15,551       15,548
     Unrealized gain (loss) on investment securities
      Available for sale, net........................      (143)         139
     Retained earnings...............................     6,149        4,522
                                                        -------      -------
       Total shareholders' equity....................    27,427       26,079
                                                        -------      -------
       Total liabilities and shareholders' equity....   $44,219      $26,733
                                                        =======      =======
</TABLE>

                                      F-26
<PAGE>

                   AMERICAN BANCSHARES, INC. AND SUBSIDIARIES

            NOTES TO CONSOLIDATED FINANCIAL STATEMENTS--(Continued)


                       CONDENSED STATEMENT OF OPERATIONS

<TABLE>
<CAPTION>
                                          Year Ended   Year Ended   Year Ended
                                         December 31, December 31, December 31,
                                             1998         1997         1996
                                         ------------ ------------ ------------
                                                 (amounts in thousands)
<S>                                      <C>          <C>          <C>
Equity in undistributed earnings of
 banking subsidiaries...................    $2,576       $2,021        $852
Operating Expense.......................      (949)        (101)        (70)
                                            ------       ------        ----
  Net Income............................    $1,627       $1,920        $782
                                            ======       ======        ====
</TABLE>

                       CONDENSED STATEMENT OF CASH FLOWS

<TABLE>
<CAPTION>
                                          Year Ended   Year Ended   Year Ended
                                         December 31, December 31, December 31,
                                             1998         1997         1996
                                         ------------ ------------ ------------
                                                 (amounts in thousands)
<S>                                      <C>          <C>          <C>
Cash flows (used in) provided by
 operating activities...................   $    670     $   399      $   (76)
                                           --------     -------      -------
Cash flows (used in) investing
 activities:
  Investments and advances to
   subsidiary...........................    (11,957)
  Acquisition of premises and equipment.          0      (3,843)      (4,891)
                                           --------     -------      -------
                                            (11,957)     (3,843)      (4,891)
Cash flows provided by (used in)
 financing activities:
  Proceeds from sale of common stock
   (net of stock offering costs)........          3         425        8,360
  Proceeds from junior subordinate
   debentures...........................     16,752           0            0
  Payments of debt issue costs..........     (1,007)          0            0
  Net repayment of line of credit.......       (500)          0            0
                                           --------     -------      -------
                                             15,248         425        8,360
Net increase (decrease) in cash.........      3,961      (3,019)       3,393
Cash at beginning of year...............        374       3,393            0
                                           --------     -------      -------
Cash at end of year.....................   $  4,335     $   374      $ 3,393
                                           ========     =======      =======
</TABLE>

25. SAIF Assessment

   On September 30, 1996, a one-time SAIF recapitalization assessment was
enacted. The rate was 65.7 cents per $100 on domestic deposits held as of March
31, 1995. The effect on the Bank is a pretax charge of $348,000 on deposits of
$52.9 million at March 31, 1995. This amount was paid in November 1996.

                                      F-27
<PAGE>

                   AMERICAN BANCSHARES, INC. AND SUBSIDIARIES

                          CONSOLIDATED BALANCE SHEETS

<TABLE>
<CAPTION>
                                                               September 30,
                                                             ------------------
                                                               1999      1998
                                                             --------  --------
                                                                (unaudited)
                                                              (in thousands)
<S>                                                          <C>       <C>
ASSETS:
  Cash and due from banks................................... $ 17,400  $ 18,189
  Federal funds sold........................................        0         0
  Loans held for sale.......................................  102,220    82,596
  Investment securities available for sale (at aggregate
   fair value)..............................................   71,340    81,371
  Loans receivable(net of allowance for loan losses and
   deferred loan fees/costs of $1,620 in 1998 and $1,705 in
   1997)....................................................  257,467   234,432
  Premises and equipment, net...............................   12,682    12,455
  Other assets..............................................   10,350     7,689
                                                             --------  --------
    Total assets............................................ $471,459  $436,732
                                                             ========  ========
LIABILITIES AND SHAREHOLDERS' EQUITY:
  Deposits.................................................. $352,138  $326,857
  Securities sold under agreements to repurchase............   29,195    30,378
  Federal Home Loan Bank advances...........................   43,150    32,500
  Note payable..............................................        0         0
  Guaranteed preferred beneficial interests in the Company's
   junior subordinated debentures...........................   16,249    16,249
  Other liabilities.........................................    3,734     3,097
                                                             --------  --------
    Total liabilities.......................................  444,466   409,081
  Common stock--$1.175 par value; 20,000,000 shares
   authorized; 5,032,584 and 4,994,484 shares issued &
   outstanding at September 30, 1999 and 1998, respectively.    5,914     5,870
  Additional paid-in Capital................................   15,716    15,551
  Accumulated other comprehensive income, net ..............   (2,455)      476
  Retained earnings.........................................    7,818     5,754
                                                             --------  --------
      Total shareholders' equity............................   26,993    27,651
                                                             --------  --------
      Total liabilities and shareholders' equity............ $471,459  $436,732
                                                             ========  ========
</TABLE>

  The accompanying notes are an integral part of these consolidated financial
                                  statements.

                                      F-28
<PAGE>

                   AMERICAN BANCSHARES, INC. AND SUBSIDIARIES

                       CONSOLIDATED STATEMENTS OF INCOME

<TABLE>
<CAPTION>
                                                             Nine Months Ended
                                                               September 30,
                                                           ---------------------
                                                              1999       1998
                                                           ---------- ----------
                                                                (unaudited)
                                                           (in thousands except
                                                              share amounts)
<S>                                                        <C>        <C>
Interest Income
  Interest and fees on loans.............................. $   22,272 $   19,136
  Interest on federal funds sold..........................          0          0
  Interest on investment securities.......................      3,681      3,488
  Other interest income...................................         47        200
                                                           ---------- ----------
    Total interest income.................................     26,000     22,824
Interest Expense
  Deposits................................................      9,751      9,823
  Borrowings..............................................      3,580      1,962
                                                           ---------- ----------
    Total interest expense................................     13,331     11,785
  Net interest income.....................................     12,669     13,142
  Provision for loan losses...............................      1,203        429
                                                           ---------- ----------
    Net interest income after provision for loan losses...     11,446     10,610
  Other income............................................      4,608      3,753
  Other expense...........................................     13,443     12,467
                                                           ---------- ----------
  Income before income tax provision......................      2,631      1,896
  Provision for income taxes..............................        961        664
                                                           ---------- ----------
      Net income.......................................... $    1,670 $    1,232
                                                           ========== ==========
  Basic earnings per share................................ $     0.33 $     0.25
                                                           ========== ==========
  Weighted average basic shares outstanding...............  5,023,535  4,994,691
                                                           ========== ==========
  Diluted earnings per share.............................. $     0.33 $     0.25
                                                           ========== ==========
  Weighted average diluted shares outstanding.............  5,031,406  5,022,425
                                                           ========== ==========
</TABLE>

  The accompanying notes are an integral part of these consolidated financial
                                  statements.

                                      F-29
<PAGE>

                   AMERICAN BANCSHARES, INC. AND SUBSIDIARIES

  UNAUDITED CONSOLIDATED STATEMENTS OF SHAREHOLDER'S EQUITY AND COMPREHENSIVE
                                     INCOME

  For Years Ended December 31, 1998, 1997, 1996 and for the Nine Months Ended
                               September 30, 1999

<TABLE>
<CAPTION>
                                             Common Stock                                  Accumulated
                                        ----------------------        Additional              Other
                          Comprehensive Authorized Outstanding  Par    Paid-In   Retained Comprehensive
                             Income       Shares     Shares    Value   Capital   Earnings  Income, Net   Total
                          ------------- ---------- ----------- ------ ---------- -------- ------------- -------
                                                   (in thousands except share amounts)
<S>                       <C>           <C>        <C>         <C>    <C>        <C>      <C>           <C>
Balance, January 1,
 1996...................                10,000,000  3,325,094  $3,907  $ 8,725    $1,820     $   179    $14,631
Exercise of warrants....                         0    163,695     192      790         0           0        982
Issuance of stock.......                         0  1,436,979   1,689    5,689         0           0      7,378
Net Income..............     $   782             0          0       0        0       782           0        782
Change in net unrealized
 gain on investment
 securities available
 for sale...............        (270)            0          0       0        0         0        (270)      (270)
                             -------
Comprehensive Income....     $   512             0          0       0        0         0           0          0
                             =======    ----------  ---------  ------  -------    ------     -------    -------
Balance, December 31,
 1996...................                10,000,000  4,925,768   5,788   15,204     2,602         (91)    23,503
Exercise of warrants....                         0     61,597      73      297         0           0        370
Issuance of stock.......                         0      7,119       9       47         0           0         56
Net Income..............     $ 1,920             0          0       0        0     1,920           0      1,920
Change in net unrealized
 gain on investment
 securities available
 for sale...............         230             0          0       0        0         0         230        230
                             -------
Comprehensive Income....     $ 2,150             0          0       0        0         0           0          0
                             =======    ----------  ---------  ------  -------    ------     -------    -------
Balance, December 31,
 1997...................                10,000,000  4,994,484   5,870   15,548     4,522         139     26,079
Exercise of stock
 options................                         0        500       0        3         0           0          3
Net Income..............     $ 1,627             0          0       0        0     1,627           0      1,627
Change in net unrealized
 gain on investment
 securities available
 for sale...............        (282)            0          0       0        0         0        (282)      (282)
                             -------
Comprehensive Income....     $ 1,345             0          0       0        0         0           0          0
                             =======    ----------  ---------  ------  -------    ------     -------    -------
Balance, December 31,
 1998...................                10,000,000  4,994,984  $5,870  $15,551    $6,149     $  (143)   $27,427
Exercise of stock
 options................                         0     37,600      44      165         0           0        209
Net Income..............     $ 1,670             0                  0        0     1,670           0      1,670
Change in net unrealized
 gain on investment
 securities available
 for sale...............      (2,312)            0          0       0        0         0      (2,312)    (2,312)
                             -------
Comprehensive Income....     $  (642)            0          0       0        0         0           0          0
                             =======    ----------  ---------  ------  -------    ------     -------    -------
Unaudited Balance,
 September 30, 1999.....                20,000,000  5,032,584  $5,914  $15,716    $7,818     $(2,455)   $26,993
                                        ==========  =========  ======  =======    ======     =======    =======
</TABLE>

  The accompanying notes are an integral part of these consolidated financial
                                  statements.

                                      F-30
<PAGE>

                   AMERICAN BANCSHARES, INC. AND SUBSIDIARIES

                     CONSOLIDATED STATEMENTS OF CASH FLOWS
<TABLE>
<CAPTION>
                                                            Nine Months Ended
                                                              September 30,
                                                            ------------------
                                                              1999      1998
                                                            --------  --------
                                                               (unaudited)
                                                             (in thousands)
<S>                                                         <C>       <C>
CASH FLOWS FROM OPERATING ACTIVITIES
 Net Income................................................ $  1,670  $  1,232
 Adjustments to reconcile net income to net cash (used in)
  provided by operating activities:
   Depreciation............................................      964       689
   Amortization of investment securities Provision for loan
    losses.................................................    1,203       429
   Net gain on sale of investment securities available for
    sale...................................................      (20)     (170)
   Gain on sale of loans...................................     (823)   (1,036)
   (Gain) loss on sale of other real estate owned..........       50         0
   Origination of loans held for sale, net of repayments...  (58,451)  (95,199)
   Proceeds from sales of loans held for sale..............   44,428    52,194
   Increase in deferred loan costs.........................        0         0
   Increase in other liabilities...........................    1,583     1,049
   (Increase) decrease in other assets.....................   (2,287)   (2,413)
                                                            --------  --------
     Total adjustments.....................................  (13,353)  (44,457)
                                                            --------  --------
     Net cash (used in) provided by operating expense......  (11,683)  (43,225)
                                                            --------  --------
CASH FLOWS FROM INVESTING ACTIVITIES
   Net loans to customers..................................   (9,412)  (21,088)
   Purchases of bank premises and equipment................     (752)   (3,983)
   Proceeds from sales of available for sale investment
    securities.............................................   18,321    53,201
   Proceeds from maturities of available for sale
    investment securities..................................        0     1,000
   Purchases of available for sale investment securities...  (14,914)  (66,405)
   Recoveries of loans charged off.........................      166        83
                                                            --------  --------
     Net cash used in investing activities.................   (6,591)  (37,192)
                                                            --------  --------
CASH FLOWS FROM FINANCING ACTIVITIES
   Net increase in demand deposits, NOW, money market and
    savings accounts.......................................     (662)   25,644
   Net increase in time deposits...........................    7,955    (1,533)
   Net increase in securities sold under agreements to
    repurchase.............................................     (397)   12,850
   Net proceeds (repayments) from advances and from
    borrowings.............................................    8,250    27,000
   Payments for debt issue costs...........................        0         0
   Proceeds from issuance of guaranteed preferred
    beneficial interests in the Company's junior
    subordinated debentures................................        0    16,249
   Proceeds from stock sale................................      209         0
                                                            --------  --------
     Net cash provided by financing activities.............   15,355    80,210
                                                            --------  --------
Net Increases (decreases) in cash and cash equivalents.....   (2,919)     (207)
Cash and cash equivalents at beginning of year.............   20,319    18,396
                                                            --------  --------
Cash and cash equivalents at ending of year................ $ 17,400  $ 18,189
                                                            ========  ========
DISCLOSURES
Interest paid.............................................. $ 12,988  $ 11,422
                                                            ========  ========
Income taxes paid.......................................... $    415  $    915
                                                            ========  ========
Reclassification of loans to foreclosed real estate........ $      0  $      0
                                                            ========  ========
Loans originated for sale of foreclosed real estate........ $      0  $      0
                                                            ========  ========
Unrealized appreciation (depreciation) on investment
 securities................................................ $ (2,455) $    476
                                                            ========  ========
</TABLE>

  The accompanying notes are an integral part of these consolidated financial
                                  statements.

                                      F-31
<PAGE>

                  AMERICAN BANCSHARES, INC. AND SUBSIDIARIES

      NOTES TO CONSOLIDATED FINANCIAL STATEMENTS AS OF SEPTEMBER 30, 1999

1. Holding Company and Subsidiaries Background Information

   American Bancshares, Inc. (Holding Company) is a one-bank holding company,
operated under the laws of the State of Florida. It wholly owned banking
subsidiary is American Bank (Bank), a state chartered bank. The Holding
Company, a Florida corporation organized June 30, 1995, is a registered
holding company under the Bank Holding Act of 1956, as amended, and on
December 1, 1995 became the bank holding company for the Bank. The Bank was
incorporated on December 6, 1988 and opened for business on May 8, 1989. The
Bank is a general commercial bank with all the rights, powers, privileges
granted and conferred by the the Florida Banking Code. Although the Holding
Company was not formed until June 30, 1995 and did not acquire the Bank until
December 1, 1995, the financial statements have been presented as if the
Company had been in existence since the Bank was formed in 1988 and as if the
Bank was it's' wholly owned subsidiary since that time.

   The Company organized a wholly-owned Florida subsidiary corporation,
Freedom Finance Company ("Finance Company"), pursuant to which it engages in
full service consumer financing. The Finance Company was incorporated on March
26, 1997 and opened for business on March 31, 1998. The Finance Company offers
consumer-driven products and services ranging from mortgages to automobile
loans, home equity loans and education financing. The Finance Company has the
ability to extend financing to individuals and entities which may not be able
to satisfy the Bank's underwriting requirements or loan standards.

   ABI Capital Trust ("ABICT"), a Delaware statutory trust, was created on May
21, 1998. The ABICT exists for the exclusive purpose of (i) issuing and
selling Common Securities and Preferred Securities of ABICT (together the
"Trust Securities", (ii) using the proceeds of the sale of Trust Securities to
acquire Deferrable Interest Debentures ("Junior Subordinated Debentures")
issued by the Company, and (iii) engaging only in those other activities
necessary, convenient, or incidental thereto (such as registering the transfer
of Trust Securities). Accordingly the Junior Subordinated Debentures will be
the sole assets of the ABICT. The Company owns all of the Common Securities of
ABICT, the only voting security, and as a result it is a subsidiary of the
Company.

   On September 6, 1999 the Company entered into an Agreement and Plan of
Reorganization with Gold Banc Corporation, Inc., a Kansas corporation ("Gold
Banc") and Gold Banc Acquisition Corporation XI, Inc., a Kansas corporation
which will be a wholly-owned subsidiary of Gold Banc, ("Acquisition
Subsidiary") pursuant to which, among other things the Company will be merged
with and into Acquisition Subsidiary, with Acquisition Subsidiary as the
surviving corporation. Exhibit 2.1 is incorporated herein by reference.

2. Basis of Presentation

   The accompanying unaudited condensed consolidated financial statements, in
the opinion of management, include all adjustments, consisting only of normal
recurring adjustments necessary for a fair presentation of the results for the
interim periods. Certain information and footnote disclosures normally
included in financial statements prepared in accordance with generally
accepted accounting principles have been condensed or omitted pursuant to SEC
rules and regulations, although the Company believes that the disclosures
included herein are adequate to make the information presented not misleading.
The results of operations for the three and nine month periods ended September
30, 1999 are not necessarily indicative of the results expected for the full
year.

   The organization and business of the Company, accounting policies followed
by the Company and other information are contained in the Company's December
31, 1998 Form 10-K. This quarterly report should be read in conjunction with
such annual report.

                                     F-32
<PAGE>

                  AMERICAN BANCSHARES, INC. AND SUBSIDIARIES

            NOTES TO CONSOLIDATED FINANCIAL STATEMENTS--(Continued)


3. Investments

   The Company's investments and mortgage-backed securities are classified as
available for sale and recorded at fair value as required by the provisions of
Statement of Financial Accounting Standards No. 115. Unrealized gains and
losses are reflected as a separate component of shareholders' equity on the
consolidated statement of condition. At September 30, 1999, an unrealized
loss, net of tax, of $2,455,000 was reflected as a decrease of shareholders'
equity.

4. Earnings Per Share

   Basic earnings per common share is calculated by dividing net income by the
sum of the weighted average number of shares of common stock outstanding.

   Diluted earnings per common share is calculated by dividing net income by
the weighted average number of share of common stock outstanding, assuming the
exercise of stock options and warrants using the treasury stock method. Such
adjustments to the weighted average number of shares of common stock
outstanding are made only when such adjustments dilute earnings per common
share. The diluted earnings per share is summarized as follows:

<TABLE>
<CAPTION>
                                                                 Nine Months
                                                             Ended September 30,
                                                             -------------------
                                                               1999      1998
                                                             --------- ---------
   <S>                                                       <C>       <C>
   Weighted average common shares outstanding............... 5,023,535 4,994,691
   Weighted average common shares equivalents...............     7,871    27,734
                                                             --------- ---------
   Shares used in diluted earnings per shares calculation... 5,031,406 5,022,245
                                                             ========= =========
</TABLE>

5. Comprehensive Income

   Effective January 1, 1998 the Company has adopted Financial Accounting
Standards ("FAS") No. 130 "Reporting Comprehensive Income," which requires
that all items that are required to be recognized under accounting standards
as components of comprehensive income be reported in the financial statements.
Prior periods will be reclassified as required. The Company's total
comprehensive earnings are as follows:


<TABLE>
<CAPTION>
                                                              Nine Months
                                                          Ended September 30,
                                                          -------------------
                                                             1999       1998
                                                          ----------  ---------
   <S>                                                    <C>         <C>
   Net income (loss)..................................... $    1,670  $   1,232
   Other comprehensive earnings
   (losses) unrealized gains
   (losses) on securities................................     (2,312)       336
                                                          ----------  ---------
                                                          $     (642) $   1,568
                                                          ==========  =========
</TABLE>

6. Impact of Recently Issued Accounting Standards

   Financial Accounting Standards Board Statement (FAS) No. 137, "Accounting
for Derivative Instruments and Hedging Activities--Deferral of the Effective
Date of FASB Statement No. 133--an amendment of FASB Statement No. 133," was
issued in June 1999 and was effective upon issuance. As issued, FAS No. 133
was to

                                     F-33
<PAGE>

                  AMERICAN BANCSHARES, INC. AND SUBSIDIARIES

            NOTES TO CONSOLIDATED FINANCIAL STATEMENTS--(Continued)

be effective for all fiscal quarters of all fiscal years beginning after June
15, 1999, with earlier application encouraged. This statement amends FAS No.
133 by deferring the effective date of FAS No. 133 to all fiscal quarters of
all fiscal years, beginning after June 15, 2000. See additional analysis below
for the impact of FAS No. 133. FAS No. 134, "Accounting for Mortgage-Backed
Securities retained after the Securitization of Mortgage Loans Held for Sale
by a Mortgage Banking Entity," amends FAS No. 65 allowing mortgage-backed
securities or other retained interests arising from the securitization of
mortgage loans to be classified based on the mortgage banking entities'
ability and intent to sell or hold those securities. Previously these
securities had to be held within a trading account. This statement became
effective in the first quarter of 1999 and had no impact on the financial
statements.

   FAS No. 133, "Accounting for Derivative Instruments and Hedging
Activities," requires all derivatives to be recorded on the balance sheet at
fair value and establishes standard accounting methodologies for hedging
activities. The standard will result in the recognition of offsetting changes
in value or cash flows of both the hedge and the hedged item in earnings or
comprehensive income in the same period. The statement, as amended by FAS No.
137, is effective for the Company's fiscal year ending December 31, 2001.
Because the Company does not currently hold any derivative investments, the
adoption of this statement is not expected to have an impact on the financial
statements.

   Securities and Exchange Commission Staff Accounting Bulletin No. 99 ("SAB
99"), "Materiality," was issued in September 1999 and discusses materiality in
the financial statements. SAB 99 emphasizes that quantitative measurements
should be coupled with a qualitative analysis when assessing and evaluating
materiality. It further states that known, recurring errors should not be
permitted. The Company believes that it is currently in compliance with this
bulletin.

                                     F-34
<PAGE>

                                                                      APPENDIX A

                      Agreement and Plan of Reorganization

                                  By and Among

                          GOLD BANC CORPORATION, INC.

                   GOLD BANC ACQUISITION CORPORATION XI, INC.

                                      and

                           AMERICAN BANCSHARES, INC.

                               September 6, 1999
<PAGE>

                               TABLE OF CONTENTS

<TABLE>
<CAPTION>
                                                                           Page
                                                                           ----
 <C>             <S>                                                       <C>
 ARTICLE I................................................................  A-1
    Section 1.1  Defined Terms...........................................   A-1
    Section 1.2  Construction............................................   A-5

 ARTICLE II...............................................................  A-6
    Section 2.1  The Merger..............................................   A-6
    Section 2.2  Effective Time of the Company Merger....................   A-6
                 Articles of Incorporation, Bylaws, Directors and
    Section 2.3   Officers...............................................   A-6
    Section 2.4  Effect of Company Merger................................   A-6
    Section 2.5  Further Assurances......................................   A-6
    Section 2.6  Conversion of Acquisition Subsidiary Common Stock.......   A-6
    Section 2.7  Effect of Merger on Company Common Stock................   A-7
    Section 2.8  Exchange of Certificates................................   A-7
    Section 2.9  Closing of the Company Transfer Books...................   A-7
    Section 2.10 Voting and Dividends....................................   A-8
    Section 2.11 Stockholders' Approval..................................   A-8
    Section 2.12 Adjustments.............................................   A-8
    Section 2.13 Voting Agreements.......................................   A-9
                 Decrease in Exchange Ratio for Failure to Achieve
    Section 2.14  Financial Measures.....................................   A-9

 ARTICLE III..............................................................  A-9
    Section 3.1  Organization and Active Status..........................   A-9
    Section 3.2  Capital Structure.......................................  A-10
    Section 3.3  Authority...............................................  A-11
    Section 3.4  Stockholder Approval....................................  A-11
    Section 3.5  No Violations...........................................  A-11
    Section 3.6  SEC Documents and Financial Statements..................  A-12
    Section 3.7  Information Supplied....................................  A-12
    Section 3.8  Internal Controls and Records...........................  A-13
    Section 3.9  Taxes...................................................  A-13
    Section 3.10 Title to Assets.........................................  A-13
    Section 3.11 Leases..................................................  A-14
    Section 3.12 Intangible Properties...................................  A-14
    Section 3.13 Regulatory Filings......................................  A-14
    Section 3.14 Insurance...............................................  A-15
    Section 3.15 Compliance with ERISA...................................  A-15
    Section 3.16 Environmental Laws......................................  A-15
    Section 3.17 Labor Matters...........................................  A-16
    Section 3.18 Year 2000 Compliance....................................  A-16
    Section 3.19 Legal Proceedings.......................................  A-16
    Section 3.20 Material Contracts......................................  A-16
    Section 3.21 Required Consents.......................................  A-17
    Section 3.22 Broker's Fees...........................................  A-17
    Section 3.23 No Material Adverse Change..............................  A-17
    Section 3.24 Absence of Certain Events...............................  A-17
    Section 3.25 Loans...................................................  A-18
    Section 3.26 Opinion of Financial Advisers...........................  A-18
    Section 3.27 Accounting Matters......................................  A-18
    Section 3.28 Beneficial Ownership of Gold Banc Common Stock..........  A-18
</TABLE>

                                      A-ii
<PAGE>

<TABLE>
<CAPTION>
                                                                            Page
                                                                            ----
 <C>             <S>                                                        <C>
    Section 3.29 Undisclosed Liabilities; Adverse Agreements..............  A-18
    Section 3.30 No Dissenter's Rights....................................  A-18
    Section 3.31 Deductibility of Severance Payments......................  A-18
    Section 3.32 Full Disclosure..........................................  A-19

 ARTICLE IV................................................................ A-19
    Section 4.1  Corporate................................................  A-19
    Section 4.2  Capital Structure........................................  A-19
    Section 4.3  Authority................................................  A-20
    Section 4.4  Stockholder Approval.....................................  A-21
    Section 4.5  Status of Gold Banc Common Stock to be Issued............  A-21
    Section 4.6  No Violation.............................................  A-21
    Section 4.7  SEC Documents............................................  A-22
    Section 4.8  Information Supplied.....................................  A-22
    Section 4.9  Internal Controls and Records............................  A-22
    Section 4.10 Taxes....................................................  A-22
    Section 4.11 Regulatory Filings.......................................  A-23
    Section 4.12 Compliance with ERISA....................................  A-23
    Section 4.13 Environmental Laws.......................................  A-23
    Section 4.14 Year 2000 Compliance.....................................  A-24
    Section 4.15 Legal Proceedings........................................  A-24
    Section 4.16 Required Consents........................................  A-24
    Section 4.17 Broker's Fees............................................  A-24
    Section 4.18 No Material Adverse Change...............................  A-24
    Section 4.19 Undisclosed Liabilities; Adverse Agreements..............  A-24
    Section 4.20 Disclosure...............................................  A-24
    Section 4.21 Ownership of Company Common Stock........................  A-25
    Section 4.22 Material Contracts.......................................  A-25
    Section 4.23 Continuation of the Bank's Identity and Directors........  A-25

 ARTICLE V................................................................. A-25
    Section 5.1  Affirmative Covenants of the Company.....................  A-25
    Section 5.2  Negative Covenants of the Company........................  A-25
    Section 5.3  Inspection...............................................  A-27
    Section 5.4  Financial Statements and Call Reports....................  A-27
    Section 5.5  Reserved.................................................  A-27
    Section 5.6  Right to Attend Meetings.................................  A-27
    Section 5.7  Data Processing..........................................  A-27
    Section 5.8  No Solicitation..........................................  A-27
    Section 5.9  Regulatory Approvals.....................................  A-28
    Section 5.10 Information..............................................  A-28
    Section 5.11 Tax-Free Reorganization Treatment........................  A-28
    Section 5.12 Pooling-of-Interests Accounting Treatment................  A-28
    Section 5.13 Cooperation by the Company...............................  A-28
    Section 5.14 Year 2000 Compliance.....................................  A-29
    Section 5.15 Proxy Statement and Registration Statement...............  A-29
    Section 5.16 Confidentiality..........................................  A-29
    Section 5.17 Employee Benefit Plans...................................  A-29
    Section 5.18 Deductibility of Severance Payments......................  A-29
    Section 5.19 Company Employment Agreements............................  A-30
    Section 5.20 Achievement of Financial Measures........................  A-30
    Section 5.21 Company's Accounting of Merger Expenses..................  A-30
</TABLE>

                                     A-iii
<PAGE>

<TABLE>
<CAPTION>
                                                                            Page
                                                                            ----
 <C>             <S>                                                        <C>
 ARTICLE VI................................................................ A-30
    Section 6.1  Regulatory Approvals.....................................  A-30
    Section 6.2  Information..............................................  A-30
    Section 6.3  Tax-Free Reorganization Treatment........................  A-30
    Section 6.4  Employee Benefit Plans; Prior Service Credit.............  A-30
    Section 6.5  Assumption of Company Stock Options......................  A-30
    Section 6.6  Confidentiality..........................................  A-32
    Section 6.7  Pooling-of-Interest Accounting...........................  A-32
    Section 6.8  Cooperation by Gold Banc and Acquisition Subsidiary......  A-32
    Section 6.9  Year 2000 Compliance.....................................  A-32
    Section 6.10 Nasdaq Listing...........................................  A-32
    Section 6.11 Continuation of Business.................................  A-32
    Section 6.12 Election of Bank Directors...............................  A-32

 ARTICLE VII............................................................... A-32
    Section 7.1  Representations, Warranties and Covenants................  A-32
    Section 7.2  Regulatory Authority Approval............................  A-33
    Section 7.3  Litigation...............................................  A-33
    Section 7.4  Approval by Stockholders.................................  A-33
    Section 7.5  Adverse Changes..........................................  A-33
    Section 7.6  Federal Tax Opinion......................................  A-33
    Section 7.7  Opinion of Counsel.......................................  A-33
    Section 7.8  Nasdaq Listing...........................................  A-33
    Section 7.9  Market Price of Gold Banc Common Stock...................  A-33
    Section 7.10 Fairness Opinion.........................................  A-33
    Section 7.11 Qualification for Pooling-of-Interest Treatment..........  A-33
    Section 7.12 Registration Statement...................................  A-34
    Section 7.13 Payment of Merger Consideration..........................  A-34

 ARTICLE VIII.............................................................. A-34
    Section 8.1  Representations, Warranties and Covenants................  A-34
    Section 8.2  Adverse Changes..........................................  A-34
    Section 8.3  Regulatory Authority Approval............................  A-34
    Section 8.4  Litigation...............................................  A-34
    Section 8.5  Financial Measures.......................................  A-34
    Section 8.6  Approval by Stockholders.................................  A-35
    Section 8.7  Tax Representations......................................  A-35
    Section 8.8  Affiliate Agreements.....................................  A-35
    Section 8.9  Federal Tax Opinion......................................  A-35
    Section 8.10 Opinion of Counsel.......................................  A-35
    Section 8.11 Qualification for Pooling-of-Interest Treatment..........  A-35
    Section 8.12 Deductibility of Severance Payments......................  A-35

 ARTICLE IX................................................................ A-36
    Section 9.1  No Survival of Representations and Warranties............  A-36

 ARTICLE X................................................................. A-36
    Section 10.1 Registration Statement and Proxy Statement...............  A-36
    Section 10.2 State Securities Laws....................................  A-36
    Section 10.3 Publication of Combined Financial Results................  A-37
    Section 10.4 Indemnification by Gold Banc.............................  A-37
    Section 10.5 Indemnification by the Company...........................  A-37
    Section 10.6 Indemnification by the Surviving Corporation.............  A-37
</TABLE>

                                      A-iv
<PAGE>


<TABLE>
<S>                                                                         <C>
ARTICLE XI................................................................. A-38
  Section 11.1 Basis for Termination....................................... A-38
  Section 11.2 Effect of Termination....................................... A-39
  Section 11.3 Termination Fee; Other Fees................................. A-39
  Section 11.4 Specific Performance........................................ A-39

ARTICLE XII................................................................ A-40
  Section 12.1 Amendment................................................... A-40
  Section 12.2 Extension: Waiver........................................... A-40
  Section 12.3 Expenses.................................................... A-40
  Section 12.4 Parties in Interest......................................... A-40
  Section 12.5 Entire Agreement; Amendments; Waiver........................ A-40
  Section 12.6 Obligation of Gold Banc..................................... A-40
  Section 12.7 Notices..................................................... A-40
  Section 12.8 Law Governing............................................... A-41
  Section 12.9 Fiduciary Duties............................................ A-41

Signature Pages............................................................  S-1
</TABLE>

                                      A-v
<PAGE>

                                                                     APPENDIX A

                     AGREEMENT AND PLAN OF REORGANIZATION

   THIS AGREEMENT AND PLAN OF REORGANIZATION (the "Agreement"), dated as of
September 6, 1999, is made by and among GOLD BANC CORPORATION, INC., a Kansas
corporation ("Gold Banc"), GOLD BANC ACQUISITION CORPORATION XI, INC., a
Kansas corporation ("Acquisition Subsidiary"), and AMERICAN BANCSHARES, INC.,
a Florida corporation (the "Company").

                                   RECITALS
   A. The Boards of Directors of Gold Banc, Acquisition Subsidiary and the
Company have approved and deem it advisable and in the best interests of their
respective companies and stockholders that Gold Banc and the Company become
affiliated through the merger of the Company with and into Acquisition
Subsidiary in the manner hereinafter set forth (the "Merger" or the "Company
Merger").

   B. As a condition to Gold Banc entering into this Agreement, Gold Banc has
required that the Significant Shareholders (as defined herein) agree to enter
into a Voting Agreement dated the date hereof substantially in the form
attached hereto as Exhibit A.

   C. The parties desire to make certain representations, warranties and
agreements in connection with the Merger and also to prescribe certain
conditions to the Merger.

                                   AGREEMENT

   ACCORDINGLY, in consideration of the premises, the mutual covenants and
agreements set forth herein and other good and valuable consideration, the
receipt and sufficiency of which are hereby acknowledged, the parties hereto
agree as follows:

                                   ARTICLE I
                                  DEFINITIONS

   Section 1.1 Defined Terms. As used in this Agreement, the following terms
have the following meanings:

   "280G Opinion Letter" shall have the meaning set forth in Section 8.12
hereof.

   "401(k) Plan" shall have the meaning set forth in Section 5.17 hereof.

   "ABICT" means the ABI Capital Trust, a Delaware business trust formed by
the Company on May 21, 1998.

   "ABICT Common Securities" shall have the meaning set forth in Section
3.2(c) hereof.

   "ABICT Preferred Securities" shall have the meaning set forth in Section
3.2(c) hereof.

   "Acquisition Proposal" means any proposal for a tender or exchange offer, a
merger, consolidation or other business combination, recapitalization,
liquidation, dissolution or similar transaction involving the Company or any
Subsidiary, or any proposal or offer to acquire in any manner, directly or
indirectly, a material equity interest in, or a material amount of voting
securities of (with the acquisition of beneficial ownership of 15% or more of
the Company's or any Subsidiary's voting securities being deemed to be
material for this purpose), or, outside the ordinary course of business, any
sale of a significant amount of assets of, the Company or any Subsidiary, or
similar transactions involving the Company or any Subsidiary, other than the
Merger.

<PAGE>

   "Acquisition Subsidiary" means Gold Banc Acquisition Corporation XI, Inc.,
a Kansas corporation, and its successors and assigns.

   "Acquisition Subsidiary Common Stock" shall have the meaning set forth in
Section 2.6 hereof.

   "Action" means any action, suit, claim, demand, petition, arbitration,
inquiry, proceeding or investigation by or before any Governmental Entity or
arbitrator.

   "Affiliate Letter" shall have the meaning set forth in Section 8.8 hereof.

   "Agreement" means this Agreement and Plan of Reorganization.

   "Average Gold Banc Stock Price" means the average of the closing sales
price of Gold Banc Common Stock as reported by Nasdaq on each of the ten
consecutive trading days immediately preceding the third trading day prior to
the Determination Date.

   "Bank" means American Bank, a Florida banking corporation.

   "BHC Act" means the Banking Holding Company Act of 1956, as amended, and
the regulations promulgated hereunder.

   "Business Day" means a day other than Saturday, Sunday or another day on
which commercial banks in Kansas or Florida are authorized or required by law
to close.

   "Closing" means the consummation of the transactions contemplated hereby.

   "Closing Date" shall have the meaning set forth in Section 2.2 hereof.

   "Code" means the Internal Revenue Code of 1986, as amended, and the
regulations promulgated thereunder.

   "Company" means American Bancshares, Inc., a Florida corporation, and its
successors and assigns.

   "Company Common Stock" means the common stock, par value $1.175 per share,
of the Company.

   "Company Merger" shall have the meaning set forth in the Recitals hereof.

   "Company Plans" shall have the meaning set forth in Section 3.15 hereof.

   "Company Preferred Stock" means the preferred stock, $1.175 par value per
share, of the Company.

   "Company SEC Documents" shall have the meaning set forth in Section 3.6
hereof.

   "Company Stock Options" shall have the meaning set forth in Section 3.2(a)
hereof.

   "Company's Accountants" means PricewaterhouseCoopers LLP, and its
successors.

   "Company's Counsel" means Carlton, Fields, Ward, Emmanuel, Smith & Cutler,
P.A., and its successors.

   "Confidentiality Agreement" means the Confidentiality Agreement, dated
August 2, 1999, by and between Gold Banc and the Company.

   "Consent" means a consent, approval, authorization, waiver or notification
from any Person or Governmental Entity.

                                      A-2
<PAGE>

   "Contract" means any contract, agreement, mortgage, deed of trust,
indenture, instrument, promissory note, lease or other legally binding
commitment or arrangement.

   "Damages" means all losses, claims, damages, costs, fines, penalties,
obligations, judgments, payments, liabilities, deficiencies and diminutions in
value (including those arising out of any Action), together with all
reasonable costs and expenses (including reasonable outside attorneys' fees
and reasonable out-of-pocket expenses) incurred in connection with any of the
foregoing.

   "Determination Date" means the date on which the last of the following
occurs: (i) the effective date (including the expiration of any applicable
waiting period by Law) of the last required Consent or Order of any
Governmental Entity having authority over and approving or exempting the
Merger, and (ii) the date on which the stockholders of both the Company and
Gold Banc have both approved this Agreement and the Merger.

   "Effective Time" shall have the meaning set forth in Section 2.2 hereof.

   "Exchange Act" means the Securities Exchange Act of 1934, as amended, and
the rules and regulations promulgated thereunder as in effect at the
applicable time.

   "Exchange Agents" shall have the meaning set forth in Section 2.8(a)
hereof.

   "Exchange Ratio" shall have the meaning set forth in Section 2.7(b) hereof.

   "ERISA" means the Employee Retirement Income Security Act of 1974, as
amended, and the regulations promulgated pursuant thereto.

   "Finance" means Freedom Finance Company, a Florida corporation, and its
successors and assigns.

   "FBCA" means the Florida Business Corporation Act, as amended from time to
time.

   "GAAP" means United States generally accepted accounting principles,
applied on a basis consistent with prior periods, as in effect on the date of
this Agreement, applicable to banks, savings associations, or bank holding
companies, as the case may be. All references herein to financial statements
prepared in accordance with GAAP shall mean in accordance with GAAP
consistently applied throughout the period to which reference is made.

   "GBC Florida, Inc." shall have the meaning set forth in Section 2.3(a)
hereof.

   "Gold Banc" means Gold Banc Corporation, Inc., a Kansas corporation, and
its successors and assigns.

   "Gold Banc Common Stock" means the common stock, par value $1.00 per share,
of Gold Banc.

   "Gold Banc Confidential Information" shall have the meaning set forth in
Section 5.16 hereof.

   "Gold Banc Plans" shall have the meaning set forth in Section 4.12 hereof.

   "Gold Banc Preferred Stock" means the preferred stock, no par value per
share, of Gold Banc.

   "Gold Banc SEC Documents" shall have the meaning set forth in Section 4.7
hereof.

   "Gold Banc Subsidiaries" shall have the meaning set forth in Section 4.1(c)
hereof.

   "Gold Banc's Accountants" means KPMG LLC, and its successors.

   "Gold Banc's Counsel" means Stinson, Mag & Fizzell, P.C., and its
successors.

                                      A-3
<PAGE>

   "Governmental Entity" means any federal, state or local government, any of
its subdivisions, agencies, authorities, commissions, boards or bureaus, and
any federal, state or local court or tribunal.

   "IRS" means the United States Internal Revenue Service.

   "KGCC" means the Kansas General Corporation Code, as amended from time to
time.

   "Laws" means any federal, state, local, municipal or other constitution,
statute, rule, regulation or ordinance or common law of any state.

   "Lease" means any Real Property Lease or Personal Property Lease.

   "Leased Facilities" shall have the meaning set forth in Section 3.11(a)
hereof.

   "Leased Personal Property" shall have the meaning set forth in Section
3.11(b) hereof.

   "License" means any permit, license, variance, exemption, order, franchise
or approval from any Person or Governmental Entity.

   "Lien" means any lien, mortgage, deed of trust, security interest, charge,
claim, imposition, community property interest, option, pledge, right of first
refusal, retention of title agreement, easement, encroachment, condition,
reservation, covenant or other encumbrance affecting title or the use, benefit
or value of the asset in question, including without limitation any
restriction on transfer, receipt of income or any other attribute of
ownership.

   "Material Adverse Effect" or "Material Adverse Change" to a party shall
mean an event, change, or occurrence which, individually or together with any
other event, change, or occurrence, has a material adverse effect on (i) the
financial position, business, or results of operations of a party and its
subsidiaries, taken as a whole, or (ii) the ability of such party to perform
its obligations under this Agreement or to consummate the Merger or the
transactions contemplated by this Agreement; provided, however, that a
Material Adverse Effect or Material Adverse Change shall not include (a)
changes in banking and similar Laws of general application, or interpretations
thereof by Governmental Entities, (b) changes in GAAP or regulatory accounting
principles generally applicable to banks or bank holding companies, (c)
actions or omissions of a party (or its subsidiaries) taken with the prior
informed consent of the other party in contemplation of the transactions
contemplated by this Agreement, (d) circumstances affecting Florida based or
regional banks generally, and (e) the Merger and compliance with the
provisions of this Agreement on the operating performance of the Company or
Gold Banc.

   "Merger" shall have the meaning set forth in the Recitals hereof.

   "Nasdaq" means the Nasdaq National Market System.

   "OREO" means other real estate owned.

   "Order" means any order, judgment, injunction, decree, determination or
award of any Governmental Entity or arbitrator.

   "Person" means any natural person, corporation, partnership, limited
liability company, trust, unincorporated organization or other entity.

   "Personal Property Leases" shall have the meaning set forth in Section
3.11(b) hereof.

   "Pooling Letter" shall have the meaning set forth in Section 5.12(b)
hereof.

   "Proxy Statement" shall have the meaning set forth in Section 10.1 hereof.


                                      A-4
<PAGE>

   "Real Property Leases" shall have the meaning set forth in Section 3.11(a)
hereof.

   "Registration Statement" shall have the meaning set forth in Section 10.1
hereof.

   "Rule 4460" shall have the meaning set forth in Section 4.3(a) hereof.

   "SEC" means the United States Securities and Exchange Commission and the
staff thereof.

   "Securities Act" means the Securities Act of 1933, as amended, and the
rules and regulations promulgated thereunder as in effect at the applicable
time.

   "Significant Stockholders" means, collectively, J. Gary Russ, Ronald L.
Larson, Timothy I, Miller, Dan E. Molter, Kirk D. Moudy, Lynn B. Powell III,
Walter L. Presha, R. Jay Taylor and Edward D. Wyke, and their heirs,
successors and assigns.

   "Subsidiaries" means, collectively, the Bank, ABICT and Finance, and
"Subsidiary" means any one of the Subsidiaries.

   "Surviving Corporation" shall have the meaning set forth in Section 2.1
hereof.

   "Termination Fee" shall have the meaning set forth in Section 11.3 hereof.

   "Total Equity Capital" means, with respect to any Person, the sum of
outstanding capital stock, paid in capital, retained earnings and current year
earnings, all determined in accordance with GAAP, but excluding any FAS 115
adjustments.

   "Year 2000 Compliant" means the ability to perform date sensitive functions
for all dates before and after January 1, 2000.

   "Year 2000 Problem" means the risk that computer applications used by the
applicable Person may be unable to recognize and properly perform date
sensitive functions involving certain dates prior to and any date after
December 31, 1999.

   Section 1.2 Construction.

     (a) Unless the context otherwise requires or unless otherwise provided
  herein the terms defined in this Agreement which refer to a particular
  agreement, instrument or document also refer to and include all renewals,
  extensions, modifications, amendments, and restatements of such agreement,
  instrument or document.

     (b) As used in this Agreement, accounting terms not defined in Section
  1.1, and accounting terms partly defined in Section 1.1 to the extent not
  defined, shall have the respective meanings given to them under GAAP.

     (c) The words "hereof," "herein" and "hereunder" and words of similar
  import when used in this Agreement shall refer to this Agreement as a whole
  and not to any particular provision of this Agreement. Section, subsection,
  schedule and exhibit references are to this Agreement unless otherwise
  specified. Whenever an item or items are listed after the word "including,"
  such listing is not intended to be a listing that excludes items not
  listed.

     (d) Words of the masculine gender shall be deemed and construed to
  include correlative words of the feminine and neuter genders. Unless the
  context shall otherwise indicate, words importing the singular number shall
  include the plural and vice versa, and words importing person shall include
  individuals, corporations, partnerships, joint ventures, associations,
  joint-stock companies, trusts, unincorporated organizations and governments
  and any agency or political subdivision thereof.

                                      A-5
<PAGE>

                                  ARTICLE II

                              THE COMPANY MERGER

   Section 2.1 The Merger. Upon the terms and subject to the conditions of
this Agreement and in accordance with the KGCC and the FBCA, at the Effective
Time, the Company shall be merged with and into Acquisition Subsidiary and the
separate existence and corporate organization of the Company shall thereupon
cease and the Company and Acquisition Subsidiary shall thereupon be a single
corporation. Acquisition Subsidiary shall be the surviving corporation in the
Merger (the "Surviving Corporation") and the separate corporate existence of
Acquisition Subsidiary shall continue unaffected and unimpaired by the Merger.

   Section 2.2 Effective Time of the Company Merger. On the Closing Date (as
hereinafter defined), officers of the Company and Acquisition Subsidiary shall
execute and acknowledge appropriate certificates or articles of merger that
shall be filed with the Kansas Secretary of State and the Florida Secretary of
State in accordance with the KGCC and the FBCA. The Merger and the other
transactions contemplated by this Agreement shall become effective on the date
that such certificates or articles of merger have been filed with the Kansas
Secretary of State and the Florida Secretary of State in accordance with the
KGCC and the FBCA (the "Effective Time"). The Closing shall be on a day (the
"Closing Date") occurring not later than ten (10) days nor earlier than five
(5) days after the Determination Date at 10:00 a.m. at the office of Gold
Banc's Counsel, which day shall be specified by notice from Gold Banc to the
Company (such notice to be at least five (5) days in advance of such Closing
Date), or on such other date and at such other place and time as the parties
hereto may mutually agree. Unless the Company and Gold Banc otherwise mutually
agree in writing, the parties to this Agreement shall use their best efforts
to cause the Effective Time to occur on the Closing Date or the next Business
Day, but in no event shall the Effective Time be more than three Business Days
following the Closing.

   Section 2.3 Articles of Incorporation, Bylaws, Directors and Officers.

     (a) The Articles of Incorporation and Bylaws of Acquisition Subsidiary
  as in effect immediately prior to the Effective Time shall be and remain
  the Articles of Incorporation and Bylaws of the Surviving Corporation from
  and after the Effective Time until amended as provided by Law, except that
  the name of the Surviving Corporation shall be changed to "GBC Florida,
  Inc." at the Effective Time.

     (b) The officers and directors of Acquisition Subsidiary shall continue
  as the officers and directors of the Surviving Corporation from and after
  the Effective Time, subject to the Bylaws of the Surviving Corporation and
  applicable Laws.

   Section 2.4 Effect of Company Merger. From and after the Effective Time,
the Merger shall have the effects on the Company and Acquisition Subsidiary
set forth in Section 607.1106 of the FBCA and Section 17-6709 of the KGCC.

   Section 2.5 Further Assurances. If at any time after the Effective Time,
Acquisition Subsidiary shall consider it advisable that any further
conveyances, agreements, documents, instruments or assurances of law or other
actions or things are necessary or desirable to vest, perfect, confirm or
record in Acquisition Subsidiary the title to any property, rights,
privileges, powers, or franchises of the Company, the former Board of
Directors and officers of the Company may, and are hereby authorized to,
execute and deliver in the name and on behalf of the Company or otherwise, any
and all proper conveyances, agreements, documents, instruments, and assurances
of law and do all things necessary or proper to vest, perfect, or confirm
title to such property, rights, privileges, powers and franchises in
Acquisition Subsidiary, and otherwise to carry out the provisions of this
Agreement.

   Section 2.6 Conversion of Acquisition Subsidiary Common Stock. At the
Effective Time, each share of common stock, $1.00 par value per share, of
Acquisition Subsidiary ("Acquisition Subsidiary Common Stock") issued and
outstanding immediately prior to the Effective Time shall remain issued and
outstanding, and shall be unaffected by the Company Merger.

                                      A-6
<PAGE>

   Section 2.7 Effect of Merger on Company Common Stock. At the Effective
Time, by virtue of the Merger and without any action on the part of any holder
thereof:

     (a) Each share of Company Common Stock that is either authorized but
  unissued or held in the treasury of the Company, if any, or held by the
  Company or any Subsidiary other than as trustee, fiduciary, nominee or some
  similar capacity or for debts previously contracted shall be canceled and
  retired and shall cease to exist from and after the Effective Time, and no
  cash or other consideration shall be delivered in exchange therefor.

     (b) Each outstanding share of Company Common Stock issued and
  outstanding at the Effective Time, of which 5,028,584 shares are issued and
  outstanding as of the date hereof, shall cease to be outstanding and shall
  be converted into and exchanged for the number of shares (the "Exchange
  Ratio") of Gold Banc Common Stock determined by dividing $18.18 by the
  Average Gold Banc Stock Price, with the Exchange Ratio being rounded to
  four decimal places. Notwithstanding the foregoing, (i) if the Average Gold
  Banc Stock Price is greater than $13.75, then the Exchange Ratio shall be
  $18.18 divided by $13.75 and (ii) if the Average Gold Banc Stock Price is
  less than $11.00, then the Exchange Ratio shall be $18.18 divided by
  $11.00, in either case rounded to four decimal places. Fractions of shares
  determined pursuant to this Section 2.7(b) shall be rounded to three
  decimal places.

If the Average Gold Banc Stock Price on the Determination Date is less than
$10.00 or if the Company, the Bank or Finance fail to achieve any of the
financial measures set forth in Section 8.5 hereof, then Gold Banc and the
Company shall in good faith attempt to negotiate a mutually acceptable revised
Exchange Ratio; provided, however, that if a mutually acceptable revised
Exchange Ratio is not negotiated within five (5) Business Days following the
Determination Date, then the Company may terminate this Agreement as provided
in Section 11.1(h) hereof, or Gold Banc may terminate this Agreement as
provided in Section 11.1(d)(i) hereof, respectively.

   Section 2.8 Exchange of Certificates.

     (a) Gold Banc, on behalf of Acquisition Subsidiary, shall make available
  to American Stock Transfer and Trust Co., which is hereby designated as the
  exchange agent (the "Exchange Agents"), on or prior to the Closing Date,
  such number of shares of Gold Banc Common Stock (and cash in lieu of
  fractional shares) as shall be issuable or deliverable to the holders of
  Company Common Stock in accordance with Section 2.7 hereof. As soon as
  practicable after the Effective Time, Gold Banc, on behalf of the Exchange
  Agents, shall mail to each holder of record of a certificate that
  immediately prior to the Closing Date represented outstanding shares of
  Company Common Stock (i) a form letter of transmittal and (ii) instructions
  for effecting the surrender of certificates of Company Common Stock for
  exchange into certificates of Gold Banc Common Stock. The Gold Banc Common
  Stock into which the Company Common Stock is being converted in accordance
  with Section 2.7(b) hereof shall be delivered to each stockholder of the
  Company as set forth in a letter of transmittal.

     (b) Notwithstanding any other provision herein, no fractional shares of
  Gold Banc Common Stock and no certificates or scrip therefor or other
  evidence of ownership thereof will be issued. All fractional shares of Gold
  Banc Common Stock to which a holder of Company Common Stock would otherwise
  be entitled to under Section 2.7 hereof shall be aggregated. If a
  fractional share results from such aggregation, such stockholder shall be
  entitled, after the Effective Time and upon the surrender of such
  stockholder's certificate or certificates representing shares of Company
  Common Stock, to receive from the Exchange Agents an amount in cash in lieu
  of such fractional share equal to the product of such fraction and the
  Average Gold Banc Stock Price. Gold Banc, on behalf of Acquisition
  Subsidiary, shall make available to the Exchange Agents, as required from
  time to time, any cash necessary for this purpose.

   Section 2.9 Closing of the Company Transfer Books. At the Effective Time,
the stock transfer books of the Company shall be closed and no transfer of
Company Common Stock shall thereafter be made.

                                      A-7
<PAGE>

   Section 2.10 Voting and Dividends.

     (a) Until sixty (60) days after the Effective Time, former shareholders
  of the Company shall be entitled to vote at any meeting of the stockholders
  of Gold Banc the number of shares of Gold Banc Common Stock into which
  their shares of the Company Common Stock are converted, regardless of
  whether such holders have exchanged their certificates representing Company
  Common Stock for certificates representing Gold Banc Common Stock in
  accordance with the provisions of this Agreement.

     (b) No dividends or other distributions that are declared after the
  Effective Time with respect to Gold Banc Common Stock payable to holders of
  record thereof after the Effective Time shall be paid to the Company
  stockholders entitled to receive certificates representing Gold Banc Common
  Stock until such stockholders surrender to the Exchange Agent their
  certificates representing Company Common Stock. Upon such surrender, there
  shall be paid to the stockholder in whose name the certificates
  representing such Gold Banc Common Stock shall be issued any dividends
  which shall have become payable with respect to such Gold Banc Common Stock
  between the Effective Time and the time of such surrender, without
  interest. After such surrender there shall also be paid to the stockholder
  in whose name the certificates representing such Gold Banc Common Stock
  shall be issued any dividend on such Gold Banc Common Stock that shall have
  (i) a record date subsequent to the Effective Time and prior to such
  surrender and (ii) a payment date after such surrender, and such payment
  shall be made on such payment date. In no event shall the stockholders
  entitled to receive such dividends be entitled to receive interest on such
  dividends.

   Section 2.11 Stockholders' Approval.

     (a) The Company agrees to submit this Agreement and the transactions
  contemplated hereby to its stockholders for approval to the extent required
  and as provided by Law and the Articles of Incorporation and Bylaws of the
  Company and in accordance with Section 10.1 hereof. The Company shall use
  its reasonable best efforts to take all steps as shall be required for the
  stockholders' meeting to obtain such approval to be held as soon as
  reasonably practicable after the effective date of the Registration
  Statement. Subject to the exercise of the fiduciary duties of the Company's
  Board of Directors, the Company shall, through its Board of Directors,
  recommend that the stockholders of the Company approve and adopt this
  Agreement and the transactions contemplated hereby and shall use its
  reasonable best efforts to secure such approval.

     (b) Gold Banc agrees to submit this Agreement and the transactions
  contemplated hereby to its stockholders for approval to the extent required
  and as provided by Rule 4460 of the rules of Nasdaq. Subject to the
  exercise of fiduciary duties by Gold Banc's Board of Directors, Gold Banc
  shall, through its Board of Directors, recommend that the stockholders of
  Gold Banc approve and adopt this Agreement and the transactions
  contemplated hereby and shall use its reasonable best efforts to secure
  such approval.

     (c) Acquisition Subsidiary agrees to submit this Agreement and the
  transactions contemplated hereby to its sole stockholder for approval to
  the extent required and as provided by Law, the Articles of Incorporation
  and Bylaws of Acquisition Subsidiary. Subject to the exercise of fiduciary
  duties by Acquisition Subsidiary's Board of Directors, Acquisition
  Subsidiary shall, through its Board of Directors, recommend that the
  stockholders of Acquisition Subsidiary approve and adopt this Agreement and
  the transactions contemplated hereby and shall use its reasonable best
  efforts to secure such approval.

   Section 2.12 Adjustments. If at any time during the period between the date
hereof and the Effective Time, any change in the number of outstanding shares
of Gold Banc Common Stock is effected by reason of any reclassification,
recapitalization, stock split or combination, exchange or readjustment of
shares, or any stock dividend thereon with a record date (in the case of a
stock dividend) or the effective date thereof (in the case of a stock split or
combination, or similar recapitalization for which a record date is not
established) during such period, the Exchange Ratio shall be proportionately
adjusted on a pro rata basis so as to prevent the dilutive effect of such
transaction on a percentage ownership basis.

                                      A-8
<PAGE>

   Section 2.13 Voting Agreements. Contemporaneously with the execution and
delivery of this Agreement, each of the Significant Stockholders and Gold Banc
shall execute and deliver the Voting Agreement in the form attached hereto as
Exhibit A.

   Section 2.14 Decrease in Exchange Ratio for Failure to Achieve Financial
Measures.

     (a) If by the Closing Date any of the Company, the Bank or Finance fail
  to achieve any of the financial measures set forth in Section 8.5 hereof
  and Gold Banc desires to waive compliance with such condition precedent and
  consummate the Merger, then Gold Banc and the Company shall in good faith
  attempt to negotiate a mutually acceptable revised Exchange Ratio, which
  negotiations shall be based upon the formula set forth in Section 2.14(b)
  hereof; provided, however, that if a mutually acceptable revised Exchange
  Ratio is not negotiated within five (5) Business Days, then Gold Banc may
  terminate this Agreement as provided in Section 11.1(d)(i) hereof.

     (b) The basis of such negotiations shall be that the Exchange Ratio
  otherwise determined as set forth in Section 2.7(b) hereof would be
  decreased accordingly, on a pro rata basis, as follows: (i) multiplying the
  aggregate dollar amount of the shortfalls (with shortfalls in the reserves
  for loan and lease losses requirements set forth in Section 8.5(a) and (c)
  hereof treated on an after-tax basis) in financial performance (without
  duplication) by 3.38 (the multiple of book value being paid by Gold Banc);
  (ii) subtracting the product obtained in (i) from $95,058,347 (which is not
  adjusted for the cash proceeds from the exercise of stock options), the
  nominal purchase price being paid by Gold Banc for the Company ($18.18 per
  share X [5,028,584 outstanding shares of Company Common Stock + 200,148
  shares under outstanding Company Stock Options]); (iii) dividing the
  remainder obtained in (ii) by 5,228,732, the sum of the outstanding shares
  of Company Common Stock and Company Stock Options, rounded to two decimal
  places; and (iv) substituting the quotient obtained in (iii) in place of
  "$18.18" everywhere it appears in Section 2.7(b) hereof.

                                  ARTICLE III

                 REPRESENTATIONS AND WARRANTIES OF THE COMPANY

   The Company hereby makes the following representations and warranties to
Gold Banc and Acquisition Subsidiary, each of which is true and correct on the
date hereof and will be true and correct as of the Effective Time, each of
which shall be unaffected by any investigation heretofore or hereafter made by
Gold Banc or Acquisition Subsidiary or their respective representatives.

   Section 3.1 Organization and Active Status.

     (a) Company. The Company is a corporation duly organized, validly
  existing and in active status under the laws of the State of Florida with
  all requisite corporate power and authority to own, lease and operate its
  properties and conduct its business as it is now being conducted. The
  Company is duly registered as a bank holding company under the BHC Act. The
  Company has heretofore made available to Gold Banc and Acquisition
  Subsidiary complete and correct copies of its Articles of Incorporation and
  Bylaws. The Company is duly qualified and in good standing in all states
  where the conduct of its business so requires except where failure to so
  qualify is not reasonably likely to have a Material Adverse Effect on the
  Company or its Subsidiaries, taken as a whole.

     (b) Bank. The Bank is a wholly-owned subsidiary of the Company and is a
  Florida banking corporation duly organized, validly existing and in active
  status under the laws of the State of Florida, with all requisite corporate
  power and authority to own, lease and operate its properties and conduct
  its business as it is now being conducted. The Bank has heretofore made
  available to Gold Banc and Acquisition Subsidiary complete and correct
  copies of its Articles of Incorporation and Bylaws. The Bank is duly

                                      A-9
<PAGE>

  qualified to do business in all states in which the conduct of its business
  requires such qualification except where the failure to be so qualified is
  not reasonably likely to have a Material Adverse Effect on the Bank.

     (c) ABICT. ABICT is a subsidiary of the Company and is a Delaware
  business trust duly organized, validly existing and in good standing under
  the laws of the State of Delaware, with all requisite trust power and
  authority to own, lease and operate its properties and conduct its business
  as it is now being conducted. ABICT has heretofore made available to Gold
  Banc and Acquisition Subsidiary complete and correct copies of its
  Certificate of Trust and Amended and Restated Trust Agreement. ABICT is
  duly qualified to do business in all states in which the conduct of its
  business requires such qualification except where the failure to be so
  qualified is not reasonably likely to have a Material Adverse Effect on
  ABICT.

     (d) Finance. Finance is a subsidiary of the Company and is a Florida
  corporation duly organized, validly existing and in active status under the
  laws of the State of Florida, with all requisite power and authority to
  own, lease and operate its properties and conduct its business as it is now
  being conducted. Finance has heretofore made available to Gold Banc and
  Acquisition Subsidiary complete and correct copies of its Articles of
  Incorporation and Bylaws. Finance is duly qualified to do business in all
  states in which the conduct of its business requires such qualification
  except where the failure to be so qualified is not reasonably likely to
  have a Material Adverse Effect on Finance.

     (e) The list of subsidiaries filed as Exhibit 21.1 to the most recently
  filed Company SEC Document on Form 10-K for the fiscal year ended December
  31, 1998, is a true and complete list of all of the Company's subsidiaries,
  direct and indirect, as of the date hereof.

   Section 3.2 Capital Structure.

     (a) Company. As of the date hereof, the authorized capital stock of the
  Company consists only of 20,000,000 shares of Company Common Stock, of
  which 5,028,584 shares of Company Common Stock are issued and outstanding,
  and 5,000,000 shares of Company Preferred Stock, of which no shares are
  issued and outstanding. All outstanding shares of Company Common Stock are
  validly issued, fully paid and nonassessable and are not subject to
  preemptive rights. Except for 199,098 shares of the Company Common Stock
  reserved for issuance upon the exercise of outstanding options of the
  Company (the "Company Stock Options"), as of the date of this Agreement,
  there are no outstanding or authorized options, warrants, agreements,
  subscriptions, calls, demands or rights of any character relating to the
  capital stock of the Company, whether or not issued, including without
  limitation securities convertible into or evidencing the right to purchase
  any Company Common Stock, Company Preferred Stock or any other securities
  of the Company. There are not as of the date hereof and will not be as of
  the Effective Time any stockholder agreements, voting trusts or other
  agreements or understandings to which the Company is a party or by which it
  is bound relating to the voting of any shares of the capital stock of the
  Company which will limit in any way the solicitation of proxies by or on
  behalf of the Company or Gold Banc from, or the casting of votes by, the
  stockholders of the Company with respect to the Merger.

     (b) Bank. The authorized capital stock of the Bank consists only of
  4,000,000 shares of common stock, par value $1.175 per share, of which
  2,382,570 shares are issued and outstanding. All of the issued and
  outstanding shares of common stock of the Bank are owned beneficially and
  of record by the Company, free and clear of all Liens. All outstanding
  shares of common stock of the Bank are validly issued, fully paid and
  nonassessable. There are no outstanding or authorized options, warrants,
  agreements, subscriptions, calls, demands or rights of any character
  relating to the capital stock of the Bank, whether or not issued, including
  without limitation securities convertible into or evidencing the right to
  purchase any common stock or any other securities of the Bank.

     (c) ABICT. The capital of ABICT consists only of $503,000 of 8.5% Common
  Securities ("ABICT Common Securities") issued and outstanding and
  $16,752,000 of 8.5% Preferred Securities ("ABICT Preferred Securities")
  issued and outstanding. All of the issued and outstanding ABICT Common
  Securities are owned beneficially and of record by the Company, free and
  clear of all Liens. All outstanding ABICT

                                     A-10
<PAGE>

  Common Securities are validly issued, fully paid and nonassessable. There
  are no outstanding or authorized options, warrants, agreements,
  subscriptions, calls, demands or rights of any character relating to the
  capital of ABICT, whether or not issued, including without limitation
  securities convertible into or evidencing the right to purchase any ABICT
  Common Securities or ABICT Preferred Securities or any other securities of
  ABICT.

     (d) Finance. The authorized capital stock of Finance consists only of
  10,000 shares of common stock, par value $0.01 per share, of which 100
  shares are issued and outstanding. All outstanding shares of common stock
  of Finance are owned beneficially and of record by the Company, free and
  clear of all Liens. All outstanding shares of common stock of Finance are
  validly issued, fully paid and nonassessable. There are no outstanding or
  authorized options, warrants, agreements, subscriptions, calls, demands or
  rights of any character relating to the capital stock of Finance, whether
  or not issued, including without limitation securities convertible into or
  evidencing the right to purchase any common stock or any other securities
  of Finance.

   Section 3.3  Authority.  The Company has all requisite corporate power and
authority to execute and deliver this Agreement and all other agreements to be
executed and delivered by the Company pursuant hereto, and, subject, with
respect to consummation of the Merger, to approval of this Agreement and the
Merger by the stockholders of the Company in accordance with the FBCA and the
Company's Articles of Incorporation and Bylaws, to perform its obligations
hereunder and thereunder, and to consummate the transactions contemplated
hereby and thereby. The execution and delivery of this Agreement and all other
agreements to be executed and delivered by the Company pursuant hereto and
thereto, the performance of its obligations hereunder and thereunder, and the
consummation of the transactions contemplated hereby and thereby, have been
duly authorized by all necessary corporate action on the part of the Company,
subject, with respect to consummation of the Merger, to such approval of this
Agreement and the Merger by the stockholders of the Company in accordance with
the FBCA. This Agreement has been, and all other agreements to be executed and
delivered by the Company will be prior to the Effective Time, duly executed
and delivered by the Company, subject, with respect to consummation of the
Merger, to approval of this Agreement and the Merger by the stockholders of
the Company in accordance with the FBCA, and (assuming due authorization,
execution, and delivery by Gold Banc and Acquisition Subsidiary) constitutes,
or will constitute, the legal, valid and binding obligations of the Company,
enforceable against the Company in accordance with their terms (except in all
cases to the extent that such enforceability may be limited by applicable
bankruptcy, insolvency, reorganization, moratorium, or similar Laws affecting
the enforcement of Creditors' rights and remedies generally and except that
the availability of the equitable remedy of specific performance and
injunctive relief is subject to the discretion of the court before which any
proceedings may be brought).

   Section 3.4 Stockholder Approval. The Board of Directors of the Company has
directed or will direct that this Agreement and the Merger contemplated hereby
be submitted to the Company's stockholders for approval at a meeting of such
stockholders and, except for adoption of this Agreement by the requisite vote
of the Company's stockholders, no other stockholder action is necessary to
approve this Agreement and to consummate the Merger contemplated hereby. The
Board of Directors will recommend that the stockholders approve this Agreement
and the Merger contemplated hereby, subject to their fiduciary duties. The
affirmative vote of the holders of a majority of the outstanding shares of
Company Common Stock is the only vote of the holders of any class or series of
the Company's capital stock necessary to approve this Agreement, and to
consummate the Merger and the transactions contemplated hereby. No approval of
a number of outstanding shares of capital stock of the Company greater than
that required by the relevant statutory provisions is required for approval of
this Agreement and the consummation of the Merger and the transactions
contemplated hereby.

   Section 3.5 No Violations.

   (a) The execution and delivery of this Agreement and all other agreements
to be executed and delivered by the Company pursuant hereto, the performance
of the Company's obligations hereunder and thereunder, and the consummation of
the transactions contemplated hereby and thereby, will not conflict with,
violate or

                                     A-11
<PAGE>

   constitute a breach or default under (i) the Articles of Incorporation or
   Bylaws or other organizational documents of the Company or any Subsidiary,
   (ii) any provision of any Contract, Lien, Order or other restriction of any
   kind or character to which the Company or any Subsidiary is a party, or by
   which the Company or any Subsidiary, or any of their assets, is bound or
   (iii) result in the creation or imposition or any Lien upon the capital
   stock or the assets of the Company or any Subsidiary; except in the case of
   Sections 3.5 (a)(ii) and (iii), such conflicts, violations, breaches or
   defaults which are not reasonably likely to have a Material Adverse Effect
   on the Company or its Subsidiaries, taken as a whole.

     (b) The Company and the Subsidiaries are not currently in violation,
  breach or default of, and the consummation of the transactions contemplated
  hereby will not, subject to obtaining all required regulatory approvals and
  making all required state and federal securities law filings, cause any
  violation, breach or default of, any Laws, Orders, or Contracts applicable
  to the Company or any of the Subsidiaries except for any violations,
  breaches or defaults that are not reasonably likely to have a Material
  Adverse Effect on the Company and its Subsidiaries, taken as a whole.

     (c) All Licenses required or necessary for the Company or any of the
  Subsidiaries to carry on their respective businesses as they are currently
  conducted have been obtained and are in full force and effect. The Company
  and the Subsidiaries are in compliance with all terms of the Licenses,
  except where the failure to so comply is not reasonably likely to have a
  Material Adverse Effect on the Company and its Subsidiaries, taken as a
  whole.

   Section 3.6 SEC Documents and Financial Statements. The Company has filed
and made available to Gold Banc and Acquisition Subsidiary a true and complete
copy of each report, schedule, registration statement and definitive proxy
statement filed by the Company with the SEC since January 1, 1996 (the
"Company SEC Documents"), which are all the documents (other than preliminary
material) that the Company was required to file with the SEC since such date.
As of their respective dates, each of the Company SEC Documents complied in
all material respects with the requirements of the Securities Act or the
Exchange Act, as the case may be, and the rules and regulations of the SEC
thereunder applicable to such Company SEC Documents, and none of the Company
SEC Documents contained any untrue statement of a material fact or omitted to
state a material fact required to be stated therein or necessary to make the
statements therein, in light of the circumstances under which they were made,
not misleading (except any statements or omissions therein which were
corrected or otherwise disclosed or updated in a subsequent Company SEC
Document). The audited financial statements and the unaudited financial
statements of the Company (including in each case, the notes thereto)
contained in the Company SEC Documents filed on Form 10-K (or Form 10-KSB) or
Form 10-Q (or Form 10-QSB), including Company SEC Documents filed subsequent
to the date hereof on such forms, (i) are or will be prepared in accordance
with GAAP (except as may be indicated in the notes to such financial
statements or, in the case of unaudited financial statements, as permitted by
Form 10-Q or Form 10-QSB, as the case may be, and by Rule 10-01 of Regulation
S-X promulgated by the SEC), and (ii) present or will present fairly the
consolidated financial position of the Company and its Subsidiaries as of
their respective dates and the consolidated results of operations and cash
flows for the periods indicated (except that the unaudited interim financial
statements were or are subject to normal and recurring year-end adjustments,
and except for the absence of certain footnote information in the unaudited
statements). Reserves for the Company's current and deferred federal and state
income tax liabilities have been accrued in accordance with GAAP. Neither the
Company nor either of the Subsidiaries has any material liability or
obligation of a type which would be included in a balance sheet prepared in
accordance with GAAP whether related to tax or non-tax matters, accrued or
contingent, due or not yet due, liquidated or unliquidated, or otherwise,
except and to the extent disclosed or reflected in the financial statements
included in the Company SEC Documents.

   Section 3.7 Information Supplied. None of the information supplied or to be
supplied by the Company for inclusion or incorporation by reference in (i) the
Registration Statement will, at the time the Registration Statement becomes
effective under the Securities Act or at the Effective Time, contain any
untrue statement of a material fact or omit to state any material fact
required to be stated therein or necessary to make the statements

                                     A-12
<PAGE>

therein not misleading, and (ii) the Proxy Statement will, at the date mailed
to stockholders of the Company and Gold Banc or at the times of the meetings
of such stockholders to be held in connection with the Merger, contain any
untrue statement of a material fact or omit to state any material fact
required to be stated therein or necessary in order to make the statements
therein, in light of the circumstances under which they are made, not
misleading, other than information supplied or required to be supplied by Gold
Banc and Acquisition Subsidiary.

   Section 3.8 Internal Controls and Records. The Company and the Subsidiaries
maintain books of account which accurately and validly reflect, in all
material respects, all loans, mortgages, collateral and other business
transactions and maintain accounting controls sufficient to ensure that all
such transactions are (i) in all material respects, executed in accordance
with its management's general or specific authorization, and (ii) recorded in
conformity with GAAP.

   Section 3.9 Taxes. The Company and the Subsidiaries each have timely filed,
or requests for extensions have been timely filed for, all tax returns
required to be filed by them through the date hereof, and the Company and the
Subsidiaries have timely paid and discharged all taxes shown to be due on such
returns and have timely paid all other taxes as are due, except such as are
being contested in good faith by appropriate proceedings and with respect to
which the Company or the appropriate Subsidiary is maintaining reserves
adequate for their payment. The liability for taxes set forth on each such tax
return adequately reflects the taxes required to be reflected on such tax
return. The Company has not been advised that the IRS or any other
Governmental Entity or taxing authority or agency is now asserting, either
through audits, administrative proceedings, court proceedings or otherwise, or
threatening to assert against the Company or any Subsidiary, any deficiency or
claim for additional taxes. Neither the Company nor any Subsidiary has granted
any waiver of any statute of limitations with respect to, or any extension of
a period for the assessments of, any tax. There are no tax liens on any assets
(excluding OREO properties) of the Company or any Subsidiary other than Liens
for taxes which are not yet due and payable. Neither the Company nor any
Subsidiary has received a ruling or entered into an agreement with the IRS or
any other Governmental Entity or taxing authority or agency that is reasonably
likely to have a Material Adverse Effect on the Company and its Subsidiaries,
taken as a whole. Immediately after the consummation of the Merger (and
without regard to any actions that may be taken by Gold Banc or the Surviving
Corporation following the Merger), the interest paid on subordinated
debentures issued by the Company to ABICT will be deductible by the Surviving
Corporation to the same extent deductible by the Company as of the date hereof
as interest payments for federal income tax purposes.

   Section 3.10 Title to Assets. The Company and the Subsidiaries have good
and marketable title to and possession of all their respective material real
and personal properties and assets reflected in the Company's financial
statements as being owned by the Company or its Subsidiaries, in each case
free and clear of any Liens (except as reflected on the Company's consolidated
financial statements, and except for (i) Liens for current taxes and
assessments not yet due and payable, (ii) inchoate mechanic and materialmen's
Liens for construction in progress, (iii) workmen's, repairmen's,
warehousemen's, and carrier's and other similar Liens arising in the ordinary
course of business, (iv) for depository institutions, pledges to secure
deposits, (v) other Liens incurred in the ordinary course of the banking
business, and (vi) such imperfections or irregularities of title or Liens as
do not materially affect the use of such assets or property which are subject
thereto, or affect the business and operations of the Company and its
Subsidiaries, taken as a whole). Schedule 3.10 hereto contains or incorporates
by reference a complete list of all real property owned by the Company or any
subsidiary (other than OREO properties acquired and held by the Bank in the
ordinary course of business). Except as set forth in the Company SEC Documents
or Schedule 3.10, since June 30, 1999, neither the Company nor any of the
Subsidiaries has entered into any agreement or commitment to sell any
property, real or personal, or any other assets of the Company or any of the
Subsidiaries other than in the ordinary course of business, nor has the
Company nor any of the Subsidiaries made any commitment or taken or failed to
take any action which would cause any Lien to attach to any property, other
than such Liens which are not reasonably likely to have a Material Adverse
Effect on the Company and its Subsidiaries, taken as a whole.

                                     A-13
<PAGE>

   Section 3.11 Leases.

     (a) Schedule 3.11(a) hereof contains or incorporates by reference a list
  of all real property leases (the "Real Property Leases") to which the
  Company or any of the Subsidiaries is a party, either as lessor or lessee
  (the facilities subject to such Real Property Leases being referred to as
  the "Leased Facilities"). Each of the Real Property Leases is in full force
  and effect and neither the Company nor any of the Subsidiaries nor, to the
  Company's knowledge, any other party thereto has committed any default
  thereunder. Neither the Company nor any of the Subsidiaries is subject to
  any increase in rentals or other costs in connection with any Leased
  Facility of which the Company or any of the Subsidiaries is lessee which is
  not provided for in the applicable Real Property Lease. No Consent is
  necessary under the terms of any such Lease in connection with the
  consummation of the transactions contemplated hereby.

     (b) Schedule 3.11(b) hereof contains a list of all Leases with respect
  to personal property involving an obligation in excess of $15,000 on an
  annual basis or $30,000 in the aggregate (the "Personal Property Leases")
  to which the Company or any of the Subsidiaries is a party, either as
  lessor or lessee (the personal property subject to such Personal Property
  Leases being referred to as the "Leased Personal Property"). Each of the
  Personal Property Leases is in full force and effect and neither the
  Company nor any of the Subsidiaries nor, to the Company's knowledge, any
  other party thereto has committed any material default thereunder. Neither
  the Company nor any of the Subsidiaries is subject to any increase in
  rentals or other costs in connection with any Leased Personal Property of
  which the Company or any of the Subsidiaries is lessee which is not
  provided for in the applicable Personal Property Lease. No Consent is
  necessary under the terms of any such Lease in connection with the
  consummation of the transactions contemplated hereby.

   Section 3.12 Intangible Properties.

     (a) None of the assets of the Company or any of the Subsidiaries is
  subject to any patent or patent application, copyright or copyright
  application, trademark or trademark application, or similar evidence of
  ownership or the right to the use thereof by any third party, except for
  software duly licensed to the Company or its Subsidiaries in the ordinary
  course of business.

     (b) To their knowledge, neither the Company nor any of the Subsidiaries
  has infringed upon any patent or patent application, copyright or copyright
  application, trademark or trademark application or trade name or other
  proprietary or intellectual property right of any other person. Neither the
  Company nor any Subsidiary has received any notice of a claim of such
  infringement.

     (c) Attached hereto as Schedule 3.12(c) is a true and accurate list of
  all material patents, copyrights, trademarks, trade names and service
  marks, both foreign and domestic, which are necessary to operate or conduct
  the business of the Company and its Subsidiaries. The Company or one or
  more of the Subsidiaries owns or possesses licenses or other legal rights,
  necessary to use such patents, copyrights, trademarks, trade names and
  service marks, except for those the absence of which is not reasonably
  likely to have a Material Adverse Effect on the Company and its
  Subsidiaries, taken as a whole.

     (d) The Company and each of the Subsidiaries have the right to use all
  data and information (including without limitation confidential
  information, trade secrets and know-how) necessary to permit the conduct
  from and after the Effective Time of the business of the Company and each
  of the Subsidiaries, as such business is and has been normally conducted.

   Section 3.13 Regulatory Filings. The Company and each of the Subsidiaries
have timely filed all notices, reports, registrations and statements with all
Governmental Entities and have paid all fees and assessments due and payable
in connection therewith. Except for normal examinations and reviews conducted
by Governmental Entities in the regular course of the business of the Company
and the Subsidiaries, to the Company's knowledge no Governmental Entity has
initiated any proceeding or investigation into the business or operations of
the Company or any of the Subsidiaries. To the Company's knowledge there is no
unresolved violation, criticism, or exception by any Governmental Entity with
respect to any written report or statement relating to any

                                     A-14
<PAGE>

examinations of the Company or any of the Subsidiaries. The Company has made
available to Gold Banc and Acquisition Subsidiary all reports of examinations
conducted by any Governmental Entity with respect to the Company or any of the
Subsidiaries during the preceding three (3) years. To the extent permitted by
Law, the Company also will make available to Gold Banc and Acquisition
Subsidiary any subsequent reports of examination received from any
Governmental Entity between the date hereof and the Effective Time.

   Section 3.14 Insurance. Complete and correct copies of all policies of
fire, product or other liability, workers' compensation and other similar
forms of insurance owned or held by the Company and the Subsidiaries have been
delivered or made available to Gold Banc and Acquisition Subsidiary. Subject
to expirations and renewals of insurance policies in the ordinary course of
business, all such policies are in full force and effect, all premiums with
respect thereto covering all periods up to and including the date as of which
this representation is being made have been paid, and no notice of
cancellation or termination has been received with respect to any such policy.
The insurance policies to which the Company and the Subsidiaries are parties
are sufficient for compliance with all requirements of Law and all material
agreements to which the Company or any of the Subsidiaries is a party, except
for any noncompliance that would not have a Material Adverse Effect on the
Company and its Subsidiaries, taken as a whole, and will be maintained by the
Company and the Subsidiaries until the Effective Time. Neither the Company nor
any of the Subsidiaries has been refused any insurance with respect to any
assets or operations, nor has coverage been limited in any respect material to
their operations by any insurance carrier to which they have applied for any
such insurance or with which they have carried insurance during the last three
(3) years.

   Section 3.15 Compliance with ERISA. Neither the Company nor any of the
Subsidiaries has established, maintained or contributed at any time during the
three-year period ending as of the Effective Time to any employee benefit plan
(as defined in Sections 3(3) or 3(37) of ERISA) or any other similar plan with
respect to which any governmental filings are required, except for the plans
listed on Schedule 3.15 hereof (collectively, the "Company Plans"). A true and
accurate copy of each of the Company Plans, any related trust agreements and
each of the amendments thereto has been provided to Gold Banc and Acquisition
Subsidiary together with (i) all determination letters received in respect of
any qualified plans, and (ii) all required reports and supporting schedules
filed with any Governmental Entity in respect of the Company Plans for the
three most recent years ending on or before the date hereof. The Company Plans
and each fiduciary (as defined in Section 3(21) of ERISA) of the Company Plans
are in compliance in all material respects with all applicable requirements
(including nondiscrimination requirements in effect as of the date hereof) of
the Code, including, but not limited to, Sections 79, 105, 106, 125, 401, 501,
and 4975 of the Code. For purposes of this Section 3.15, noncompliance with
the Code or ERISA is material if such noncompliance could have a Material
Adverse Effect on the condition of one or more of the Company Plans or of the
Company and the Subsidiaries, either as of the date hereof or upon discovery
of the noncompliance. All required contributions to the Company Plans through
the date hereof have been made. The Company and the Subsidiaries (each with
respect to the Company Plans), as well as the Company Plans, have no material
current or, to the knowledge of the Company, threatened liability of any kind
to any Person, including but not limited to any Governmental Entity, as of the
date hereof, other than for the payment of benefits in the ordinary course.

   Section 3.16 Environmental Laws. To the best knowledge of the Company: (i)
the operations of the Company and each of the Subsidiaries comply in all
material respects with all applicable federal, state and local environmental
Laws and neither the condition of any property owned by the Company or any of
the Subsidiaries nor the operation of the business of any of such entities
violates in any material respect any applicable environmental Law; (ii) none
of the operations of the Company or any of the Subsidiaries is subject to any
judicial or administrative proceeding alleging the violation of any
environmental health or safety Law nor is it the subject of any claim alleging
damages to health or property pursuant to which the Company or any of the
Subsidiaries may be liable; (iii) none of the operations of the Company or any
of the Subsidiaries nor any of the properties owned by the Company or any of
the Subsidiaries is the subject of any federal, state or local investigation
in evaluating whether any remedial action is needed to respond to a release or
threatened release of any hazardous waste or substance from whatever source;
(iv) no condition or event has occurred which, with

                                     A-15
<PAGE>

notice or the passage of time or both, would constitute a material violation
of any environmental Law and neither the Company nor any of the Subsidiaries
has any Liability in connection with the storage or use of any pollutants,
contaminants or hazardous or toxic waste, substances or materials on or at any
location owned or leased by the Company or any of the Subsidiaries; (v) there
are no underground storage tanks now or heretofore located on any real
property owned or leased by the Company or any of the Subsidiaries; (vi)
neither the Company nor any of the Subsidiaries has ever been notified by a
Governmental Entity, or any private party, that the Company or any of the
Subsidiaries is a potentially responsible party for remedial costs spent
addressing the release, or threat of a release, of a hazardous substance into
the environment pursuant to the Comprehensive Environmental Response,
Compensation or Liability Act, 42 U.S.C. (S)(S) 9601, et seq. or any
corresponding state law.

   Section 3.17 Labor Matters.

     (a) The Company and the Subsidiaries are in compliance in all material
  respects with all Laws respecting employment and employment practices,
  terms and conditions of employment and wages and hours, and are not engaged
  in any unfair labor practice, except for such matters as would not have a
  Material Adverse Effect on the Company and its Subsidiaries, taken as a
  whole.

     (b) To the knowledge of the Company, there is no unfair labor practice
  complaint against the Company or any of the Subsidiaries pending before the
  National Labor Relations Board.

     (c) Neither the Company nor any of the Subsidiaries is party to any
  collective bargaining agreements and there is no labor strike, dispute,
  slowdown, representation campaign or work stoppage actually pending or to
  the knowledge of the Company threatened against or affecting the Company or
  any of the Subsidiaries.

     (d) No grievance or arbitration proceeding by any employee is pending
  and, to the knowledge of the Company, no claim therefor has been asserted
  against the Company or any of the Subsidiaries.

     (e) Neither the Company nor any of the Subsidiaries is experiencing any
  material work stoppage.

   Section 3.18 Year 2000 Compliance. Each of the Company and the Subsidiaries
has (i) initiated a review and assessment of all areas material to its
business and operations (including those affected by suppliers and vendors)
that would reasonably be expected to be adversely affected by the Year 2000
Problem, (ii) developed a plan and time line for addressing the Year 2000
Problem on a timely basis, and (iii) to date, reasonably believes that all
computer applications that are material to the Company's and the Subsidiaries'
respective business and operations will be Year 2000 Compliant.

   Section 3.19 Legal Proceedings. Except as disclosed on or incorporated by
reference in Schedule 3.19 hereof, there are no Actions pending or, to the
knowledge of the Company, threatened against or affecting the properties,
assets, rights or business of the Company or any of the Subsidiaries, or the
right to carry on or conduct their business, other than collection and
foreclosure Actions by the Bank in the ordinary course of business. To the
knowledge of the Company, there are no Actions pending or, threatened which
could prevent or interfere with the consummation of the transactions
contemplated by this Agreement.

   Section 3.20 Material Contracts. Except as set forth on or incorporated by
reference in Schedule 3.20 hereof, neither the Company nor either of the
Subsidiaries is a party to or subject to any:

     (a) employment, consulting, non-compete, severance or similar contract;

     (b) bonus, deferred compensation, equity incentive, savings, profit
  sharing, severance pay, pension or retirement plan or arrangement, except
  for the Company Plans referenced in Section 3.15 hereof;

     (c) agreement, contract or indenture relating to the borrowing of money
  by the Company or the Subsidiaries, excluding items made in the ordinary
  course of business (it being understood, with reference to the Bank, that
  in the ordinary course of business includes, among other things,
  agreements, contracts, and other instruments and commitments evidencing
  deposit liabilities, the purchase of federal funds, sales of certificates
  of deposits, advances from the Federal Reserve Bank or the Federal Home
  Loan Bank, fully

                                     A-16
<PAGE>

  secured repurchase agreements, or agreements, contracts, and other
  instruments, and commitments and understandings relating to borrowings or
  guarantees made by the Bank in the ordinary course of its business);

     (d) other contract, agreement or other commitment which is material to
  the business, operations, property, prospects or assets or to the
  condition, financial or otherwise, of the Company or any of the
  Subsidiaries or which involve a payment by the Company or any of the
  Subsidiaries of more than $15,000 on an annual basis, other than loans and
  investments made in the ordinary course of business.

   Section 3.21 Required Consents. Other than (i) in connection or compliance
with the provisions of applicable state corporate and securities Laws, the
federal securities Laws, and the rules of Nasdaq, (ii) Consents required from,
or notification to, or filings with Governmental Entities, and (iii) notices
to or filings with the IRS, or the Pension Benefit Guaranty Corporation with
respect to any employee benefit plans, and except as set forth in Schedule
3.21 hereof, no Consent of any Person or Governmental Entity is necessary for
the consummation by the Company or any of the Subsidiaries of this Agreement
or any of the transactions contemplated hereby, other than such Consent, which
if not obtained, would not be reasonably likely to have a Material Adverse
Effect on the Company.

   Section 3.22 Broker's Fees. Other than the engagement of Advest, Inc.
described on Schedule 3.22 hereof, neither the Company, the Subsidiaries nor
any of the directors, trustees, officers or employees of the Company or any of
the Subsidiaries, has employed any broker or finder, or incurred any liability
for any broker's fees, commissions or finder's fees in connection with the
transactions contemplated by this Agreement.

   Section 3.23 No Material Adverse Change. From June 30, 1999 until the date
hereof: there has been no Material Adverse Change in the Company and its
Subsidiaries, taken as a whole or in the relationship of the Company or any of
the Subsidiaries with respect to their employees, creditors, suppliers,
distributors, customers or others with whom they have business relationships
which are reasonably likely to have a Material Adverse Effect on the Company
and its Subsidiaries, taken as a whole.

   Section 3.24 Absence of Certain Events. Except as contemplated by this
Agreement and set forth on or incorporated by reference in Schedule 3.24
hereof, since June 30, 1999, the Company and the Subsidiaries have conducted
their business only in the ordinary and usual course, and there has not been:
(i) any declaration, setting aside or payment of any dividend or other
distribution (whether in cash, stock or property) with respect to the capital
stock or other securities of, or other ownership interests in, the Company,
(ii) any amendment of any term of any outstanding security of the Company or
any of the Subsidiaries, (iii) any repurchase, redemption or other acquisition
by the Company or any of the Subsidiaries of any outstanding shares of capital
stock or other securities of, or other ownership interests in, the Company or
any of the Subsidiaries, (iv) any incurrence, assumption or guarantee by the
Company or any of the Subsidiaries of any indebtedness for borrowed money
(other than deposit liabilities, the purchase of federal funds, sales of
certificates of deposit, advances from the Federal Reserve Bank or the Federal
Home Loan Bank, or fully secured repurchase agreements); (v) any creation or
assumption by the Company or any of the Subsidiaries of any Lien on any of
their assets other than any Lien that is not reasonably likely to have a
Material Adverse Effect on the Company or its Subsidiaries, taken as a whole;
(vi) any making of any material loan, advance or capital contributions to or
any material investment in any Person except for loans and investments made in
the ordinary course of business; (vii) any material change in any method of
accounting or accounting practice; (viii) any (a) grant of any severance or
termination pay to any director, officer, or employee of the Company or any of
the Subsidiaries, (b) entering into of any employment, deferred compensation
or other similar agreement (or any amendment to any such existing agreement)
with any director, officer or employee of the Company or any of the
Subsidiaries, (c) increase in benefits payable under any existing severance or
termination pay policies or employment agreements with any director, officer
or employee of the Company or any of the Subsidiaries or (d) increase in
compensation, bonus or other benefits payable to any director, officer or
employee of the Company or any of the Subsidiaries other than normal annual
and merit raises consistent with past practices; or (ix) any other
transaction, commitment, dispute or other event or condition (financial or
otherwise) of any character, whether or not in the ordinary course

                                     A-17
<PAGE>

of business, individually or in the aggregate, which is reasonably likely to
have a Material Adverse Effect on the Company and the Subsidiaries, taken as a
whole.

   Section 3.25 Loans.

     (a) Neither the Bank nor Finance is a party to any written or oral loan
  agreement, note or borrowing arrangement which has been classified as
  "substandard", "doubtful," "loss," "other loans especially mentioned" or
  any comparable classifications by the Company, Finance or the Bank or any
  Governmental Entity, except as reflected on the OREO list or other list
  previously provided to Gold Banc and Acquisition Subsidiary prior to the
  date hereof;

     (b) Neither the Company nor any Subsidiary is a party to any written or
  oral loan agreement, note, or borrowing arrangement, including any loan
  guaranty, with any present or former director or executive officer of the
  Company or any Subsidiary, or any person, corporation or enterprise
  controlling, controlled by or under common control with any of the
  foregoing, except as reflected on the list previously provided to Gold Banc
  and Acquisition Subsidiary prior to the date hereof;

     (c) Neither the Company nor any Subsidiary is a party to any written or
  oral loan agreement, note or borrowing arrangement in violation of any Law,
  which violation is reasonably likely to result in a Material Adverse Effect
  on the Company and the Subsidiaries, taken as a whole.

   Section 3.26 Opinion of Financial Advisers. The Company has received the
written opinion of Advest, Inc., investment advisor to the Company, to the
effect that, as of the date hereof, the Exchange Ratio is fair, from a
financial point of view, to the holders of the Company Common Stock.

   Section 3.27 Accounting Matters.  Neither the Company nor any of the
Subsidiaries has through the date of this Agreement taken or agreed to take
any action that would prevent Gold Banc from accounting for the business
combination to be effected by the Merger as a pooling-of-interests.

   Section 3.28 Beneficial Ownership of Gold Banc Common Stock. As of the date
hereof, neither the Company nor any of the Subsidiaries "beneficially owns"
(as defined in Rule 13d-3 under the Exchange Act) any Gold Banc Common Stock.

   Section 3.29 Undisclosed Liabilities; Adverse Agreements.

     (a) Except as disclosed in the Company SEC Documents or in the Schedules
  hereto, or as disclosed in the Company's financial statements, there are no
  liabilities of the Company or any of the Subsidiaries of any kind
  whatsoever, whether accrued, contingent, absolute, determined, determinable
  or otherwise, that are reasonably likely to have a Material Adverse Effect
  on the Company and the Subsidiaries, taken as a whole or which were fully
  incurred or paid after June 30, 1999 except in the ordinary course of
  business consistent with past practices.

     (b) Neither the Company nor any of the Subsidiaries is a party to any
  Order which is reasonably likely to result in a Material Adverse Effect on
  the Company or any of the Subsidiaries, taken as a whole.

   Section 3.30 No Dissenter's Rights. The Company's Common Stock is
designated as a national market system security on the interdealer quotation
system by the National Association of Securities Dealers, Inc. and, under
Section 607.1302(4) of the FBCA, the stockholders of the Company are not
entitled to any dissenter's rights in the Merger.

   Section 3.31 Deductibility of Severance Payments. Except as set forth on
Schedule 3.31, no severance or other payments to be made under the Employment
Agreements or otherwise by the Company, any of the Subsidiaries, Gold Banc, or
any of Gold Banc's subsidiaries in connection with the Merger or upon a change
in control of the Company will constitute non-deductible "parachute payments"
under Section 280G of the Code.

                                     A-18
<PAGE>

   Section 3.32 Full Disclosure Section. Copies of all material documents
heretofore or hereafter delivered or made available to Gold Banc or
Acquisition Subsidiary pursuant hereto are and will be complete and accurate.
No representation or warranty of the Company in this Agreement or any other
material document delivered pursuant hereto or any material statement,
document, certificate or exhibit furnished or to be furnished by the Company
pursuant to this Agreement or in connection with the transactions contemplated
hereby contains or will contain any untrue statement of a material fact or
omits or will omit a material fact necessary to make the statements contained
herein or therein not misleading.

                                  ARTICLE IV

                  REPRESENTATIONS AND WARRANTIES OF GOLD BANC

   Gold Banc hereby makes the following representations and warranties to the
Company, each of which is true and correct on the date hereof and shall be
true and correct as of the Effective Time, each of which shall be unaffected
by any investigation heretofore or hereafter made by the Company or its
representatives.

   Section 4.1 Corporate.

     (a) Gold Banc. Gold Banc is a corporation duly organized, validly
  existing and in good standing under the laws of the State of Kansas with
  all requisite corporate power and authority to own, lease and operate its
  properties and conduct its business as it is now being conducted. Gold Banc
  is duly registered as a bank holding company under the BHC Act. Gold Banc
  is duly qualified and in good standing in all states where the conduct of
  its business so requires except where failure to so qualify is not
  reasonably likely to have a Material Adverse Effect on Gold Banc.

     (b) Acquisition Subsidiary. Acquisition Subsidiary is a wholly-owned
  subsidiary of the Company and is a corporation duly organized, validly
  existing and in good standing under the laws of the State of Kansas.
  Acquisition Subsidiary is duly qualified to do business in all states in
  which the conduct of its business requires such qualification except where
  the failure to be so qualified is not reasonably likely to have a Material
  Adverse Effect on Acquisition Subsidiary.

     (c) Other Gold Banc Subsidiaries. Except as disclosed in Schedule 4.1
  hereto, the list of subsidiaries of Gold Banc filed by Gold Banc with its
  most recent Gold Banc SEC Document on Form 10-K for the fiscal year ended
  December 31, 1998, is a true and complete list of all of the Gold Banc
  subsidiaries, direct and indirect (the "Gold Banc Subsidiaries"), as of the
  date of this Agreement. Gold Banc or one of its subsidiaries owns all of
  the issued and outstanding shares of capital stock of each of the Gold Banc
  subsidiaries. All shares of the capital stock of each of the Gold Banc
  Subsidiaries are fully paid and nonassessable under the applicable
  corporate Law of the jurisdiction in which such Gold Banc Subsidiary is
  incorporated or organized (except, in the case of Gold Banc Subsidiaries
  that are national banks, for the assessment contemplated by 12 U.S.C. (S)
  55), and are owned by Gold Banc or one of the other Gold Banc Subsidiaries.
  Each of the Gold Banc Subsidiaries (i) is either a bank, a corporation, a
  limited liability company or a Delaware business trust and is duly
  organized, validly existing and in good standing under the laws of the
  jurisdiction in which it is incorporated or organized, (ii) is duly
  qualified to do business and in good standing in all jurisdictions where
  the character of its properties, assets owned, operated or leased by it, or
  the nature of its activities make such qualification necessary, except
  where the failure to be so qualified is not reasonably likely to have a
  Material Adverse Effect on such Gold Banc Subsidiary, and (iii) has the
  corporate power and authority to own, lease and operate its properties and
  assets and to carry on its business as now conducted.

   Section 4.2 Capital Structure.

     (a) Gold Banc. As of the date hereof, the authorized capital stock of
  Gold Banc consists only of 50,000,000 shares of Gold Banc Common Stock and
  50,000,000 shares of Gold Banc Preferred Stock, of which 17,181,618 shares
  of Gold Banc Common Stock and no shares of Gold Banc Preferred Stock are

                                     A-19
<PAGE>

  issued and outstanding. All outstanding shares of Gold Banc Common Stock
  are validly issued, fully paid and nonassessable and are not subject to
  preemptive rights.

     (b) Acquisition Subsidiary. The authorized capital stock of Acquisition
  Subsidiary consists only of 1,000,000 shares of common stock, par value
  $1.00 per share, of which 1,000 shares are issued and outstanding. All of
  the issued and outstanding shares of common stock of Acquisition Subsidiary
  are owned beneficially and of record, free and clear of all Liens, by Gold
  Banc. All outstanding shares of common stock of Acquisition Subsidiary are
  validly issued, fully paid and nonassessable.

   Section 4.3 Authority.

     (a) Gold Banc has all requisite corporate power and authority to enter
  into this Agreement and all other agreements to be executed and delivered
  by Gold Banc pursuant hereto, and, subject, with respect to consummation of
  the Merger, to approval of this Agreement and the Merger by the
  stockholders of Gold Banc in accordance with Rule 4460 of the National
  Association of Securities Dealers' rules for issuers under Nasdaq ("Rule
  4460"), to perform its obligations hereunder and thereunder, and to
  consummate the transactions contemplated hereby and thereby. The execution
  and delivery of this Agreement and all other agreements to be executed and
  delivered by Gold Banc pursuant hereto and thereto, the performance of Gold
  Banc's obligations hereunder and thereunder, and the consummation of the
  transactions contemplated hereby and thereby, have been duly authorized by
  all necessary corporate action on the part of Gold Banc, subject, with
  respect to consummation of the Merger, to approval of this Agreement and
  the Merger by the stockholders of Gold Banc in accordance with Rule 4460.
  This Agreement has been, and all other agreements to be executed and
  delivered by Gold Banc will be prior to the Effective Time, duly executed
  and delivered by Gold Banc, subject, with respect to consummation of the
  Merger, to such approval of the Agreement and the Merger by the
  stockholders of Gold Banc in accordance with Rule 4460, and (assuming due
  authorization, execution, and delivery by the Company) constitutes, or will
  constitute, the legal, valid and binding obligations of Gold Banc,
  enforceable against Gold Banc in accordance with their terms (except in all
  cases to the extent that such enforceability may be limited by applicable
  bankruptcy, insolvency, reorganization, moratorium, or similar Laws
  affecting the enforcement of Creditor's rights and remedies generally and
  except that the availability of the equitable remedy of specific
  performance and injunctive relief is subject to the discretion of the court
  before which any proceedings may be brought).

     (b) Acquisition Subsidiary has all requisite corporate power and
  authority to enter into this Agreement and all other agreements to be
  executed and delivered by Acquisition Subsidiary pursuant hereto and,
  subject, with respect to consummation of the Merger, to approval of this
  Agreement and the Merger by the stockholders of Acquisition Subsidiary in
  accordance with the KGCC, to perform its obligations hereunder and
  thereunder, and to consummate the transactions contemplated hereby and
  thereby. The execution and delivery of this Agreement and all other
  agreements to be executed and delivered by Acquisition Subsidiary pursuant
  hereto and thereto, the performance of Acquisition Subsidiary's obligations
  hereunder and thereunder, and the consummation of the transactions
  contemplated hereby and thereby, have been duly authorized by all necessary
  corporate action on the part of Acquisition Subsidiary, subject, with
  respect to consummation of the Merger, to approval of this Agreement and
  the Merger by the stockholders of Acquisition Subsidiary in accordance with
  the KGCC. This Agreement has been, and all other agreements to be executed
  and delivered by Acquisition Subsidiary will be prior to the Effective
  Time, duly executed and delivered by Acquisition Subsidiary, subject, with
  respect to consummation of the Merger, to such approval of the Agreement
  and the Merger by the stockholders of Acquisition Subsidiary in accordance
  with the KGCC, and (assuming due authorization, execution, and delivery by
  the Company) constitutes, or will constitute, the legal, valid and binding
  obligations of Acquisition Subsidiary, enforceable against Acquisition
  Subsidiary in accordance with their terms (except in all cases to the
  extent that such enforceability may be limited by applicable bankruptcy,
  insolvency, reorganization, moratorium, or similar Laws affecting the
  enforcement of Creditor's rights and remedies generally and except that the
  availability of the equitable remedy of specific performance and injunctive
  relief is subject to the discretion of the court before which any
  proceedings may be brought).

                                     A-20
<PAGE>

   Section 4.4 Stockholder Approval.

     (a) The Board of Directors of Gold Banc has directed, or will direct,
  that this Agreement and the transactions contemplated hereby be submitted
  to Gold Banc's stockholders for approval at a meeting of such stockholders
  and, except for adoption of this Agreement by the requisite vote of Gold
  Banc's stockholders, no other Gold Banc stockholder action is necessary to
  approve this Agreement and to consummate the transactions contemplated
  hereby. The Board of Directors of Gold Banc will recommend that the Gold
  Banc stockholders approve the transactions contemplated hereby, subject to
  their fiduciary duties. The affirmative vote of the holders of a majority
  of the shares of Gold Banc Common Stock represented at a meeting of Gold
  Banc's stockholders at which a quorum is present is the only vote of the
  holders of any class or series of Gold Banc's capital stock necessary to
  approve this Agreement and to consummate the transactions contemplated
  hereby. No approval of a number of outstanding shares of capital stock of
  Gold Banc greater than that required by Rule 4460 is required for approval
  of this Agreement and the consummation of the transactions contemplated
  hereby.

     (b) The Board of Directors of Acquisition Subsidiary has directed, or
  will direct, that this Agreement and the transactions contemplated hereby
  be submitted to Acquisition Subsidiary's stockholders for approval at a
  meeting of such stockholders and, except for adoption of this Agreement by
  the requisite vote of Acquisition Subsidiary's stockholders, no other
  Acquisition Subsidiary stockholder action is necessary to approve this
  Agreement and to consummate the transactions contemplated hereby. The Board
  of Directors of Acquisition Subsidiary will recommend that the Acquisition
  Subsidiary stockholders approve the transactions contemplated hereby,
  subject to their fiduciary duties. The affirmative vote of the holders of a
  majority of the outstanding shares of Acquisition Subsidiary Common Stock
  is the only vote of the holders of any class or series of Acquisition
  Subsidiary's capital stock necessary to approve this Agreement and to
  consummate the transactions contemplated hereby. No approval of a number of
  outstanding shares of capital stock of Acquisition Subsidiary greater than
  that required by the relevant statutory provisions is required for approval
  of this Agreement and the consummation of the transactions contemplated
  hereby.

   Section 4.5 Status of Gold Banc Common Stock to be Issued. The shares of
Gold Banc Common Stock into which the Company Common Stock are to be exchanged
or converted pursuant to this Agreement will be, when delivered as specified
in this Agreement, validly authorized and issued, fully paid and
nonassessable, and registered pursuant to an effective registration statement
under the Securities Act.

   Section 4.6 No Violation.

     (a) The execution and delivery of this Agreement and all other
  agreements to be executed and delivered by Gold Banc and Acquisition
  Subsidiary pursuant hereto, the performance of the obligations of Gold Banc
  and Acquisition Subsidiary hereunder and thereunder, and the consummation
  of the transactions contemplated hereby and thereby, will not conflict
  with, violate or constitute a breach or default under (i) the Articles of
  Incorporation or Bylaws of Gold Banc or Acquisition Subsidiary (ii) any
  provision of any Contract, Lien, Order or other restriction of any kind or
  character to which Gold Banc or Acquisition Subsidiary is a party, or by
  which Gold Banc or Acquisition Subsidiary, or any of their assets, is bound
  or (iii) result in the creation or imposition of any Lien upon the capital
  stock or the assets of Gold Banc or Acquisition Subsidiary except in the
  case of Sections 4.6(a)(ii) and (iii), such conflicts, violations, breaches
  or defaults which are not reasonably likely to have a Material Adverse
  Effect on Gold Banc or Acquisition Subsidiary, taken as a whole.

     (b) Gold Banc and Acquisition Subsidiary are not currently in violation,
  breach or default of, and the consummation of the transactions contemplated
  hereby will not, subject to obtaining all required regulatory approvals and
  making all required state and federal securities law filings, cause any
  violation, breach or default of, any Laws, Orders, or Contracts applicable
  to Gold Banc or Acquisition Subsidiary except for any violations, breaches
  or defaults that are not reasonably likely to have a Material Adverse
  Effect on Gold Banc and Acquisition Subsidiary, taken as a whole.


                                     A-21
<PAGE>

     (c) All Licenses required or necessary for Gold Banc or Acquisition
  Subsidiary to carry on their respective businesses as they are currently
  conducted have been obtained and are in full force and effect. Gold Banc
  and Acquisition Subsidiary are in compliance with all terms of the
  Licenses, except where the failure to so comply is not reasonably likely to
  have a Material Adverse Effect on Gold Banc or Acquisition Subsidiary.

   Section 4.7 SEC Documents. Gold Banc has made available to the Company a
true and complete copy of each report, schedule, registration statement and
definitive proxy statement filed by Gold Banc with the SEC since January 1,
1996 (the "Gold Banc SEC Documents") which are all the documents (other than
preliminary material) that Gold Banc was required to file with the SEC since
such date. As of their respective dates, each of the Gold Banc SEC Documents
complied in all material respects with the requirements of the Securities Act
or the Exchange Act, as the case may be, and the rules and regulations of the
SEC thereunder applicable to such Gold Banc SEC Documents, and none of the
Gold Banc SEC Documents contained any untrue statement of a material fact or
omitted to state a material fact required to be stated therein or necessary to
make the statements therein, in light of the circumstances under which they
were made, not misleading (except any statements or omissions therein which
were corrected or otherwise disclosed or updated in a subsequent Gold Banc SEC
Document). The financial statements of Gold Banc included in the Gold Banc SEC
Documents complied as to form in all material respects with the published
rules and regulations of the SEC with respect thereto, have been prepared in
accordance with GAAP (except as may be indicated in the notes thereto or, in
the case of the unaudited statements, as permitted by Rule 10-01 of Regulation
S-X of the SEC) and fairly present in accordance with applicable requirements
of GAAP (subject, in the case of the unaudited statements, to normal,
recurring adjustments, none of which were material) the consolidated financial
position of Gold Banc and its subsidiaries as of their respective dates and
the consolidated results of operations and the consolidated cash flows of Gold
Banc for the periods presented therein. Gold Banc has no material liability or
obligation of a type which would be included in a balance sheet prepared in
accordance with GAAP whether related to tax or non-tax matters, accrued or
contingent, due or not yet due, liquidated or unliquidated, or otherwise,
except and to the extent disclosed or reflected in the financial statements
included in the Gold Banc SEC Documents.

   Section 4.8 Information Supplied. When considered in the aggregate, none of
the information supplied or to be supplied by Gold Banc for inclusion or
incorporation by reference in (i) the Registration Statement will, at the time
the Registration Statement becomes effective under the Securities Act or at
the Effective Time, contain any untrue statement of a material fact or omit to
state any material fact required to be stated therein or necessary to make the
statements therein not misleading, and (ii) the Proxy Statement will, at the
date mailed to stockholders of the Company and Gold Banc or at the times of
the meetings of such stockholders to be held in connection with the Merger,
contain any untrue statement of a material fact or omit to state any material
fact required to be stated therein or necessary in order to make the
statements therein, in light of the circumstances under which they are made,
not misleading, other than information supplied or required to be supplied by
the Company.

   Section 4.9 Internal Controls and Records. Gold Banc and the Gold Banc
Subsidiaries maintain books of account which accurately and validly reflect,
in all material respects, all loans, mortgages, collateral and other business
transactions and maintain accounting controls sufficient to ensure that all
such transactions are (i) in all material respects, executed in accordance
with its management's general or specific authorization, and (ii) recorded in
conformity with GAAP.

   Section 4.10 Taxes. Gold Banc has timely filed, or requests for extensions
have been timely filed for, all tax returns required to be filed by them
through the date hereof, and Gold Banc has timely paid and discharged all
taxes shown to be due and has timely paid all other taxes as are due, except
that such as are being contested in good faith by appropriate proceedings and
with respect to which Gold Banc or the appropriate Gold Banc Subsidiary is
maintaining reserves adequate for their payment. The liability for taxes set
forth on each such tax return adequately reflects the taxes required to be
reflected on such tax return. Gold Banc has not been advised that the IRS or
any other Governmental Entity or taxing authority or agency is now asserting,
either through

                                     A-22
<PAGE>

audits, administrative proceedings, court proceedings or otherwise, or
threatening to assert against Gold Banc, any deficiency or claim for
additional taxes. Gold Banc has not granted any waiver of any statute of
limitations with respect to, or any extension of a period for the assessments
of, any tax. There are no tax liens on any assets (excluding OREO properties)
of Gold Banc other than liens for taxes which are not yet due and payable.
Gold Banc has not received a ruling or entered into an agreement with the IRS
or any other Governmental Entity or taxing authority or agency that would have
a Material Adverse Effect on Gold Banc or the Gold Banc Subsidiaries, taken as
a whole.

   Section 4.11 Regulatory Filings. Gold Banc has timely filed all notices,
reports, registrations and statements with all Governmental Entities and has
paid all fees and assessments due and payable in connection therewith. Except
for normal examinations and reviews conducted by Governmental Entities in the
regular course of the business of Gold Banc, no Governmental Entity has
initiated any proceeding or investigation into the business or operations of
Gold Banc. To Gold Banc's knowledge, there is no unresolved material
violation, criticism, or exception by any Governmental Entity with respect to
any written report or statement relating to any examinations of Gold Banc.
Gold Banc has made available to the Company all reports of examinations
conducted by any Governmental Entity with respect to Gold Banc during the
preceding three (3) years. To the extent permitted by Law, Gold Banc will also
make available to the Company any subsequent reports of examination received
from any Governmental Entity between the date hereof and the Effective Time.

   Section 4.12 Compliance with ERISA. Each employee benefit plan (as defined
in Sections 3(3) or 3(37) of ERISA) of Gold Banc or any of its subsidiaries or
other similar plan of Gold Banc or any of its subsidiaries with respect to
which any governmental filings are required (collectively, the "Gold Banc
Plans") and each fiduciary (as defined in Section 3(21) of ERISA) of the Gold
Banc Plans are in compliance in all material respects with all applicable
requirements (including nondiscrimination requirements in effect as of the
date hereof) of the Code, including, but not limited to, Sections 79, 105,
106, 125, 401, 501, and 4975 of the Code. For purposes of this Section 4.12,
noncompliance with the Code or ERISA is material if such noncompliance could
have a Material Adverse Effect on the condition of one or more of the Gold
Banc Plans or of Gold Banc and the Gold Banc Subsidiaries, taken as a whole,
either as of the date hereof or upon discovery of the noncompliance. All
required contributions to the Gold Banc Plans through the date hereof have
been made. Gold Banc and its subsidiaries (each with respect to the Gold Banc
Plans), as well as the Gold Banc Plans, have no material current or, to the
knowledge of Gold Banc, threatened liability of any kind to any Person,
including but not limited to any Governmental Entity, as of the date hereof,
other than for the payment of benefits in the ordinary course.

   Section 4.13 Environmental Laws. To the knowledge of Gold Banc: (i) the
operations of Gold Banc and each of the Gold Banc Subsidiaries comply in all
material respects with all applicable federal, state and local environmental
Laws and neither the condition of any property owned by Gold Banc or any of
the Gold Banc Subsidiaries nor the operation of the business of any of such
entities violates in any material respect any applicable environmental Law;
(ii) none of the operations of Gold Banc or any of the Gold Banc Subsidiaries
is subject to any judicial or administrative proceeding alleging the violation
of any environmental health or safety Law nor is it the subject of any claim
alleging damages to health or property pursuant to which Gold Banc or any of
the Gold Banc Subsidiaries may be liable; (iii) none of the operations of Gold
Banc or any of the Gold Banc Subsidiaries nor any of the properties owned by
Gold Banc or any of the Gold Banc Subsidiaries is the subject of any federal,
state or local investigation in evaluating whether any remedial action is
needed to respond to a release or threatened release of any hazardous waste or
substance from whatever source; (iv) no condition or event has occurred which,
with notice or the passage of time or both, would constitute a material
violation of any environmental Law and neither Gold Banc or any of the Gold
Banc Subsidiaries has any Liability in connection with the storage or use of
any pollutants, contaminants or hazardous or toxic waste, substances or
materials on or at any location owned or leased by Gold Banc or any of the
Gold Banc Subsidiaries; (v) there are no underground storage tanks now or
heretofore located on any real property owned or leased by Gold Banc or any of
the Gold Banc Subsidiaries; (vi) neither Gold Banc nor any of the Gold Banc
Subsidiaries has ever been notified by a Governmental Entity, or any private
party, that Gold Banc or any of the Gold Banc Subsidiaries is a potentially
responsible party for remedial costs spent addressing the release, or threat
of a

                                     A-23
<PAGE>

release, of a hazardous substance into the environment pursuant to the
Comprehensive Environmental Response, Compensation or Liability Act, 42 U.S.C.
(S)(S) 9601, et seq. or any corresponding state law.

   Section 4.14 Year 2000 Compliance. Each of Gold Banc and the Gold Banc
Subsidiaries has (i) initiated a review and assessment of all areas material
to its business and operations (including those affected by suppliers and
vendors) that would reasonably be expected to be adversely affected by the
Year 2000 Problem, (ii) developed a plan and time line for addressing the Year
2000 Problem on a timely basis, and (iii) to date, reasonably believes that
all computer applications that are material to Gold Banc's and the Gold Banc
Subsidiaries' respective business and operations will be Year 2000 Compliant.

   Section 4.15 Legal Proceedings. Except as disclosed on or incorporated by
reference in Schedule 4.15 hereof, there are no Actions pending or threatened
against or affecting the properties, assets, rights or business of Gold Banc
or the Gold Banc Subsidiaries, or the right to carry on or conduct its
business. There are no Actions pending or, to the knowledge of Gold Banc,
threatened which could prevent or interfere with the consummation of the
transactions contemplated by this Agreement.

   Section 4.16 Required Consents. Other than (i) in connection or compliance
with the provisions of applicable state corporate and securities Laws, the
federal securities Laws, and the rules of Nasdaq, (ii) Consents required from,
or notification to, or filings with Governmental Entities, and (iii) notices
to or filings with the IRS, or the Pension Benefit Guaranty Corporation with
respect to any employee benefit plans, and except as set forth in Schedule
4.16 hereof, no Consent of any Person or Governmental Entity is necessary for
the consummation by Gold Banc or Acquisition Subsidiary of this Agreement or
any of the transactions contemplated hereby other than any Consent, which if
not obtained, would not be reasonably likely to have a Material Adverse Effect
on Gold Banc.

   Section 4.17 Broker's Fees. Neither Gold Banc, Acquisition Subsidiary nor
any of their respective directors, trustees, officers or employees has
employed any broker or finder, or incurred any liability for any broker's
fees, commissions or finder's fees in connection with the transactions
contemplated by this Agreement.

   Section 4.18 No Material Adverse Change. From June 30, 1999 until the date
hereof, there has been no Material Adverse Change in Gold Banc and its
subsidiaries, taken as a whole or in the relationship of Gold Banc or any of
its subsidiaries with respect to their employees, creditors, suppliers,
distributors, customers or others with whom they have business relationships
which are reasonably likely to have a Material Adverse Effect on Gold Banc and
its subsidiaries, taken as a whole.

   Section 4.19 Undisclosed Liabilities; Adverse Agreements

     (a) Except as disclosed in the Gold Banc SEC Documents or in the
  Schedules hereto, or as disclosed in Gold Banc's financial statements,
  there are no liabilities of Gold Banc or any of its subsidiaries of any
  kind whatsoever, whether accrued, contingent, absolute, determined,
  determinable or otherwise, that are reasonably likely to have a Material
  Adverse Effect on Gold Banc and its subsidiaries, taken as a whole or which
  were fully incurred or paid after June 30, 1999 or in the ordinary course
  of business consistent with past practices.

     (b) Neither Gold Banc nor any of its subsidiaries is a party to any
  Order, which is reasonably likely to result in a Material Adverse Effect on
  Gold Banc or any of its Subsidiaries, taken as a whole.

   Section 4.20 Disclosure. Copies of all material documents heretofore or
hereafter delivered or made available to the Company pursuant hereto are and
will be complete and accurate. No representation or warranty of Gold Banc in
this Agreement or any other material document delivered pursuant hereto or any
material statement, document, certificate or exhibit furnished or to be
furnished by Gold Banc pursuant to this Agreement or in connection with the
transactions contemplated hereby contains or will contain any untrue statement
of a material fact or omits or will omit a material fact necessary to make the
statements contained herein or therein not misleading.


                                     A-24
<PAGE>

   Section 4.21 Ownership of Company Common Stock. As of the date of this
Agreement, Gold Banc and its Subsidiaries beneficially own, in the aggregate,
no shares of the Company Common Stock.

   Section 4.22 Material Contracts. Except as disclosed in Schedule 4.22
hereto, all material contracts, leases, agreements, commitments, and other
instruments to which Gold Banc or any of the Gold Banc Subsidiaries are a
party, and which are required to be filed as an exhibit to a Gold Banc SEC
Documents under the rules and regulations of the SEC under the Securities Act
or the Exchange Act has been so filed.

   Section 4.23 Continuation of the Bank's Identity and Directors. Following
the Effective Time, the Bank will maintain its name and separate legal
identity, and the members of the Bank's board of directors will continue to
serve as directors of the Bank.

                                   ARTICLE V

                           COVENANTS OF THE COMPANY

   Section 5.1 Affirmative Covenants of the Company. During the period from
the date of this Agreement until the earlier of the Effective Time or the
termination of this Agreement, unless the prior written consent of Gold Banc
shall have been obtained, and which consent will be given or denied within two
(2) Business Days of receipt of written request for such consent, and except
as otherwise expressly contemplated herein, the Company shall, and shall cause
each of the Subsidiaries to, (i) operate its business only in the usual,
regular, and ordinary course, consistent with past practices, (ii) use all
reasonable efforts to preserve intact its business organization and assets and
maintain its rights and franchises; (iii) use all reasonable efforts to
preserve substantially the Company's and each of the Subsidiaries'
relationships with suppliers, customers and employees, (iv) use all reasonable
efforts to perform the Company's and the Subsidiaries' obligations under the
Contracts and Licenses, (v) comply with all applicable Laws, (vi) maintain as
valid and enforceable all policies of insurance as referenced in Section 3.14
hereof, (vii) provide updates to Gold Banc and Acquisition Subsidiary with
respect to those loans reflected on the list previously provided to Gold Banc
and Acquisition Subsidiary as referenced on Schedule 3.25(b) hereto, and
(viii) take no action which would be reasonably likely to (a) materially
adversely affect the ability of any party to obtain any Consents required for
the transactions contemplated hereby, (b) prevent the transactions
contemplated hereby, including the Merger, from qualifying as a reorganization
within the meaning of Section 368(a) of the Code, or (c) materially adversely
affect the ability of any party to perform its covenants and agreements under
this Agreement.

   Section 5.2 Negative Covenants of the Company. Except as specifically
permitted by this Agreement, from the date of this Agreement until the earlier
of the Effective Time or the termination of this Agreement, the Company
covenants and agrees that it will not do or agree to do, or permit either of
its Subsidiaries to do or agree or commit to do, any of the following without
the prior written consent of Gold Banc, which consent shall not be
unreasonably withheld and which consent will be given or denied within two (2)
Business Days of receipt of written request for such consent:

     (a) make any single loan (or series of loans to the same or related
  persons) or any commitment (verbal or written) for a loan (or series of
  commitments to the same or related persons) in an amount greater than
  $500,000.00 other than renewals of existing loans or commitments to loan;

     (b) purchase or invest in any securities, other than United States
  government obligations or other securities backed by the full faith and
  credit of the United States having a maturity of not more than two (2)
  years from the date of purchase;

     (c) amend or adopt any employee benefit plan or grant any increase in
  the rates of pay of their employees or any increase in the compensation
  payable or to become payable, if any, to any director, officer, trustee,
  employee or agent thereof, or contribute to any pension plan or otherwise
  increase in any amount the benefits or compensation of any such director,
  officer, trustee, employee or agent under any pension plan

                                     A-25
<PAGE>

  or other contract or commitment except for regular annual and merit
  increases in accordance with past practices or as may be required by Law;

     (d) make any capital expenditure or enter into any material contract or
  commitment (except as permitted in subparagraphs (a) and (r) of this
  Section 5.2); involving an obligation or commitment in excess of $25,000 or
  is not in its usual and ordinary course of business and consistent with
  past practices;

     (e) declare or pay any dividend or make any other distribution in
  respect of any capital stock of or other beneficial interest in the Company
  or any of its Subsidiaries, split, combine or reclassify any shares of its
  capital stock or, directly or indirectly, redeem, purchase or otherwise
  acquire any share of the capital stock of the Company or either of its
  Subsidiaries, other than regular distributions in accordance with the trust
  instrument of ABICT and any dividends from the Bank to the Company to cover
  Company's expenses consistent with past practices.

     (f) amend the Articles of Incorporation, Bylaws or any other governing
  document of the Company or any of its Subsidiaries or make any change in
  the authorized, issued or outstanding capital stock (or any change in the
  par value thereof) of the Company or any of its Subsidiaries;

     (g) acquire or purchase any assets of or make any investment in any
  financial institution other than the purchase of loans or participations
  therein in the ordinary course of business, but subject to Section 5.2(a);

     (h) enter into any new line of business;

     (i) acquire or agree to acquire, by merging or consolidating with, or by
  purchasing a substantial equity interest in or a substantial portion of the
  assets of, or by any other manner, any business or any corporation,
  partnership, association or other business organization or division
  thereof, or otherwise acquire any assets, which would be material,
  individually or in the aggregate, to the Company or any of its
  Subsidiaries, other than in connection with foreclosures, settlements in
  lieu of foreclosure or troubled loan or debt restructuring in the ordinary
  course of business consistent with prudent banking practices;

     (j) knowingly take any action that is intended or may reasonably be
  expected to result in any of its representations and warranties set forth
  in this Agreement being or becoming untrue in any material respect, or in
  any of the conditions to the Merger set forth in Article VII not being
  satisfied, or in a violation of any provision of this Agreement except, in
  every case, as may be required by applicable Law;

     (k) change its methods of accounting in effect on the date hereof,
  except as required by changes in GAAP or regulatory accounting principles
  as concurred with by the Company's independent accountants;

     (l) other than activities in the ordinary course of business consistent
  with prior practice, sell, lease, encumber, assign or otherwise dispose of
  any of its material assets or properties;

     (m) file any application to relocate or terminate the operations of any
  banking office;

     (n) make any equity investment or commitment to make such an investment
  in real estate or in any real estate development project, other than in
  connection with foreclosures, settlements in lieu of foreclosure or
  troubled loan or debt restructuring in the ordinary course of business
  consistent with prudent banking practices;

     (o) except in the ordinary course of business, create, renew, amend or
  terminate or give notice of a proposed renewal, amendment or termination
  of, any material Contract, other than a loan or any commitment for a loan,
  to which the Company or any of its Subsidiaries is a party or by which the
  Company or any of its Subsidiaries or their respective properties is bound;

     (p) make any new loan or new extension of credit, or commit to make any
  such loan or extension of credit, to any director, officer or trustee of
  the Company or any of its Subsidiaries without giving Gold Banc two days'
  notice in advance of the approval of such loan or extension of credit or
  commitment relating thereto;

                                     A-26
<PAGE>

     (q) waive any material right, forgive any material debt or release any
  material claim; or

     (r) incur or guaranty any debt (other than instruments and commitments
  evidencing deposit liabilities in the Bank, the purchase of federal funds,
  sales of certificates of deposits, borrowings from a Federal Reserve Bank
  or advances from a Federal Home Loan Bank).

   Section 5.3 Inspection. Between the date hereof and the Closing Date and
upon reasonable notice and subject to applicable Laws, Gold Banc and its
authorized representatives shall be permitted full access during regular
business hours to all properties, books, records, contracts and documents of
the Company and any of its Subsidiaries. The Company shall furnish to Gold
Banc and its authorized representatives all information with respect to the
affairs of the Company and any of its Subsidiaries as Gold Banc may reasonably
request.

   Section 5.4 Financial Statements and Call Reports. From and after the date
hereof through the Closing Date, to the extent permitted by Law the Company
shall deliver to Gold Banc monthly reports of condition and income statements
of the Bank and shall deliver to Gold Banc copies of the call reports for the
Bank as filed with any regulatory agency promptly after such filing.

   Section 5.5 [Reserved.]

   Section 5.6 Right to Attend Meetings. The Company shall allow a
representative of Gold Banc, who is a member of the Board of Directors of Gold
Banc and who has agreed to comply with terms of the Confidentiality Agreement,
to attend as an observer all meetings of the Board of Directors of the Company
and any Subsidiary and all meetings of the committees of each such board,
including, without limitation, the audit and executive committees thereof and
any other meetings of the Company's or any Subsidiary's officials at which
policy is being made. The Company and any Subsidiary shall give reasonable
notice to Gold Banc of any such meeting and, if known, the agenda for or
business to be discussed at such meeting. The Company and any Subsidiary shall
provide to Gold Banc all information provided to the directors on all such
boards and committees in connection with all such meetings or otherwise
provided to the directors and shall provide any other financial reports or
other analyses prepared for senior management of the Company.

   Section 5.7 Data Processing. The Company shall, and shall cause each of its
Subsidiaries to, cooperate with Gold Banc in taking those planning actions
necessary to be in a position to convert, as soon as practicable after the
Effective Time, its data processing procedures and formats to procedures and
formats used by Gold Banc. Gold Banc shall provide such assistance and
consultation as the Company may reasonably require in such planning process.

   Section 5.8 No Solicitation.

     (a) Except with respect to the Agreement and the transactions
  contemplated hereby, none of the Company, any Subsidiary, or any officer,
  director, trustee or employee of, or any investment banker, attorney or
  other advisor or representative of, the Company or any Subsidiary, shall,
  directly or indirectly, (i) solicit, initiate or encourage the submission
  of, any Acquisition Proposal, or approve or authorize any Acquisition
  Proposal or (ii) participate in any discussions or negotiations regarding
  or take any other action to expedite any inquiries or the making of any
  proposal that constitutes, or may reasonably be expected to lead to, any
  Acquisition Proposal, or (iii) furnish to any Person (other than Gold Banc,
  Acquisition Subsidiary, an affiliate or associate of Gold Banc or
  Acquisition Subsidiary or an officer, employee or other authorized
  representative of Gold Banc, Acquisition Subsidiary or such affiliate or
  associate or the Company's counsel, accountants and financial adviser,
  solely for use in connection with the transactions contemplated hereby) any
  information with respect to the Company or any Subsidiary that may
  reasonably be expected to lead to an Acquisition Proposal; provided,
  however, that to the extent required by the fiduciary obligations of the
  Board of Directors of the Company, as determined in good faith by the Board
  of Directors based on the advice of outside counsel, the Company may (A) in
  response to an unsolicited request therefor, furnish information with
  respect to the Company or any Subsidiary to any Person pursuant to a
  customary confidentiality agreement and discuss such information with such
  Person, (B) upon receipt by the Company

                                     A-27
<PAGE>

  of an Acquisition Proposal, following delivery to Gold Banc of the notice
  required pursuant to Section 5.8(b) hereof, participate in negotiations
  regarding such Acquisition Proposal, and (C) modify or withdraw its
  recommendation that the stockholders of the Company vote in favor of the
  Merger as contemplated by Section 2.11 hereof.

     (b) The Company shall (i) promptly notify Gold Banc of (A) the existence
  of any request for confidential information with respect to, or the receipt
  of, any Acquisition Proposal, (B) any inquiry or discussions with respect
  to, or which would reasonably be expected to lead to, any Acquisition
  Proposal, (C) the execution of a confidentiality agreement with respect to
  an Acquisition Proposal, (D) the execution of any agreement with respect to
  the terms of an Acquisition Proposal, (E) the furnishing of any information
  in contemplation of an Acquisition Proposal, whether or not pursuant to a
  confidentiality agreement and (F) any endorsement, approval or
  recommendation of an Acquisition Proposal by the Company's Board of
  Directors or any committee thereof, (ii) promptly describe to Gold Banc the
  terms and conditions of any Acquisition Proposal in reasonable detail, and
  (iii) furnish to Gold Banc all information made available to any Person
  making the Acquisition Proposal, or contemplating the making of an
  Acquisition Proposal, subject to a customary confidentiality agreement.

     (c) Except as may be required in the exercise of the fiduciary duties of
  the Board of Directors of the Company, the Company shall not take any
  action that would enhance the ability of any other Person making an
  Acquisition Proposal to obtain the approval of the Company's stockholders
  or otherwise consummate such Acquisition Proposal without also taking a
  comparable action that would similarly enhance the ability of Gold Banc to
  obtain any necessary approval of the Company's stockholders of, and
  otherwise to consummate, the Merger contemplated by this Agreement or an
  alternative transaction initiated by Gold Banc, and concurrently
  withdrawing any impediments thereto that do not similarly impede such other
  Person.

   Section 5.9 Regulatory Approvals. Subject to the terms and conditions of
this Agreement, the Company agrees to, and to cause each of its Subsidiaries
to, use its reasonable best efforts to cooperate with Gold Banc in Gold Banc's
efforts to secure as expeditiously as practicable all the necessary approvals,
regulatory or otherwise, needed to consummate the transactions contemplated
herein.

   Section 5.10 Information. The Company shall provide such information and
answer such inquiries as Gold Banc may reasonably request or make concerning
the subject matter of the representations and warranties of the Company
herein.

   Section 5.11 Tax-Free Reorganization Treatment. The Company shall not
intentionally take or cause or permit to be taken any action, whether before
or after the Effective Time, which would disqualify the Merger as a tax-free
"reorganization" within the meaning of Section 368(a) of the Code (subject to
required recognition of gain or loss with respect to cash paid for fractional
shares pursuant hereto).

   Section 5.12 Pooling-of-Interests Accounting Treatment.

     (a) The Company shall not intentionally take or cause or permit to be
  taken any action, whether before or after the Effective Time, which would
  disqualify the Merger from receiving pooling-of-interests accounting
  treatment.

     (b) Within thirty (30) days after the execution and delivery of this
  Agreement, the Company shall obtain from the Company's Accountants and
  deliver to Gold Banc a letter stating that the Company is eligible to
  participate in a pooling-of-interests transaction (the "Pooling Letter").

   Section 5.13 Cooperation by the Company. The Company shall use all
reasonable efforts to take all actions and to do all things necessary or
advisable to consummate the transactions contemplated by this Agreement and to
cooperate with Gold Banc and Acquisition Subsidiary in connection therewith,
including using reasonable efforts to obtain all required Consents.

                                     A-28
<PAGE>

   Section 5.14 Year 2000 Compliance. With respect to all computer hardware,
computer software applications, and Bank services and products, the Company
shall, and shall cause the Bank to (i) use its best efforts to comply with all
Federal Financial Institution Examination Council Year 2000 regulations and
guidelines and (ii) take all action necessary to receive a rating of
"Satisfactory" or better on any Year 2000 compliance examination conducted by
its respective examining agencies.

   Section 5.15 Proxy Statement and Registration Statement. If at any time
prior to the Effective Time any event with respect to the Company or the
Subsidiaries, or with respect to other information supplied by the Company for
inclusion in the Proxy Statement or Registration Statement, shall occur which
is required to be described in an amendment of, or a supplement to, the Proxy
Statement or the Registration Statement, the Company will promptly notify Gold
Banc of such event and use all commercially reasonable efforts to ensure that
such event will be so described, and that such amendment or supplement be
promptly filed with the SEC and, as required by law, disseminated to the
stockholders of the Company. The Company shall use all reasonable efforts to
ensure that the Proxy Statement, insofar as it relates to the Company or the
Subsidiaries or other information supplied by the Company for inclusion
therein, will comply as to form in all material respects with the provisions
of the Exchange Act and the rules and regulations thereunder at the time of
the mailing of the Proxy Statement or any supplement thereof.

   Section 5.16 Confidentiality. Except as and to the extent required by Laws,
the Company and the Subsidiaries will not disclose or use, and will direct
their representatives not to disclose or use to the detriment of Gold Banc or
any of its subsidiaries any Gold Banc Confidential Information furnished, or
to be furnished, to the Company, any of its subsidiaries or their
representatives at any time or in any manner other than in connection with the
evaluation of the transactions contemplated herein. "Gold Banc Confidential
Information" includes any information about Gold Banc or its subsidiaries and
their business unless (a) such information is already known to the Company,
any of its subsidiaries or their representatives not bound by a duty of
confidentiality or such information becomes publicly available through no
fault of the Company, any of its subsidiaries or their representatives, (b)
the use of such information is necessary or appropriate in making any filing
or obtaining any consent or approval required for the consummation of the
transactions contemplated herein, or (c) the furnishing or use of such
information is required by or necessary or appropriate in connection with
legal proceedings. Following the termination of this Agreement, upon written
request of Gold Banc, each of the Company and the Subsidiaries will promptly
return to Gold Banc or destroy any Gold Banc Confidential Information in its
possession and certify in writing to Gold Banc that it has so returned or
destroyed such Gold Banc Confidential Information.

   Section 5.17 Employee Benefit Plans. The Company shall, prior to the
Closing Date, adopt any and all resolutions and take all other actions that
are necessary or appropriate to (i) make the necessary contributions to the
Company Profit Sharing 401(k) Plan (the "401(k) Plan") to satisfy the
Company's 401(k) safe harbor contribution obligation for the partial plan year
ending on the 401(k) Plan termination date; (ii) except as set forth
immediately above in (i) of this paragraph, cease all other contributions to
the 401(k) Plan as of the day before the Closing Date; (iii) terminate the
401(k) Plan and fully vest all participant account balances in such plan as of
the day before the Closing Date; (iv) resign as plan administrator of the
401(k) Plan; and (v) secure the resignation of the current trustees of the
401(k) Plan. The Surviving Corporation shall (i) assume full responsibility
and bear full expense in amending the 401(k) Plan following the Closing Date
in such manner as is necessary for the 401(k) Plan to be in compliance with
all applicable laws as of the 401(k) Plan's termination date and (ii) apply
for and obtain a favorable determination letter from the IRS following which
it will distribute the assets of the 401(k) Plan. Gold Banc agrees to accept
its appointment, or will appoint an affiliate corporation, as successor plan
trustee and successor plan administrator.

   Section 5.18 Deductibility of Severance Payments.

     (a) The Company shall, and shall cause each of the Subsidiaries to,
  ensure that no severance or other payments made by the Company or any of
  the Subsidiaries constitute non-deductible "parachute payments" under
  Section 280G of the Code.

                                     A-29
<PAGE>

     (b) The Company shall obtain and deliver to Gold Banc on or prior to the
  Closing Date the 280G Opinion Letter contemplated by Section 8.12 hereof.

   Section 5.19 Company Employment Agreements. On or prior to the Closing
Date, the Company and the Subsidiaries will pay or cause to be paid all
amounts due under any Employment Agreement as a result of the Merger or the
change in control of the Company.

   Section 5.20 Achievement of Financial Measures. The Company shall use its
reasonable best efforts, and shall cause the Bank and Finance to use their
reasonable best efforts, to cause the Company, the Bank and Finance to satisfy
the financial measures set forth in Section 8.5 hereof by the Closing Date.

   Section 5.21 Company's Accounting of Merger Expenses.The Company shall
defer recognition of all of its out-of-pocket expenses relating to the Merger
(including, without limitation, the fees and expenses of the Company's
Counsel, the Company's Accountants and Advest, Inc., and all severance
payments), and account for such expenses as pooling costs. The Company shall
not recognize such expenses in its monthly income statements and such expenses
shall not be included in the calculation of the financial measures set forth
in Section 8.5 hereof.

                                  ARTICLE VI

               COVENANTS OF GOLD BANC AND ACQUISITION SUBSIDIARY

   Section 6.1 Regulatory Approvals. Subject to the terms and conditions of
this Agreement, Gold Banc and Acquisition Subsidiary agree to use their
reasonable best efforts to secure as expeditiously as practicable all the
necessary approvals, regulatory or otherwise, needed to consummate the
transactions contemplated herein and agree to exercise best efforts to file
applications relating to such approvals within thirty (30) days from the date
hereof or as soon thereafter it is reasonably possible. Gold Banc and
Acquisition Subsidiary shall provide to Company's Counsel a copy of all
applications for such approvals and shall keep such counsel or the Company
advised of the status of the regulatory review process.

   Section 6.2 Information. Gold Banc and Acquisition Subsidiary shall provide
such information and answer such inquiries as the Company may reasonably
request or make concerning the subject matter of the representations and
warranties of Gold Banc and Acquisition Subsidiary herein.

   Section 6.3 Tax-Free Reorganization Treatment. Neither Gold Banc nor
Acquisition Subsidiary shall intentionally take or cause to be taken any
action, whether before or after the Effective Time, which would disqualify the
Merger as a tax-free "reorganization" within the meaning of Section 368(a) of
the Code.

   Section 6.4 Employee Benefit Plans; Prior Service Credit. Employees of the
Company or a Subsidiary shall be eligible to participate in all Gold Banc
employee benefit plans (as defined in Sections 3(3) or 3(37) of ERISA) in
accordance with their terms; provided, however, that for purposes of
determining eligibility to participate in and vesting of benefits under Gold
Banc's employee benefit plans, Gold Banc shall recognize years of service by
such employees with the Company or any Subsidiary prior to the Effective Time.

   Section 6.5 Assumption of Company Stock Options.

     (a) At the Effective Time, each award, option, or other right to
  purchase or acquire the Company Common Stock pursuant to any Company Stock
  Options granted and under any Company Plans or arrangement of the Company
  which are outstanding at the Effective Time, whether or not vested or
  exercisable, without any action on the part of the holder thereof, shall be
  converted into and become rights with respect to Gold Banc Common Stock,
  and Gold Banc shall assume each Company Stock Option, in accordance with
  the terms of the Company Stock Plan under which it was granted and the
  stock option agreement or award by which it is evidenced, except that from
  and after the Effective Time (i) Gold Banc

                                     A-30
<PAGE>

  and its compensation committee shall be substituted for the Company and the
  committee of Company's Board of Directors (including, if applicable, the
  entire Board of Directors of the Company) administering such Company Plan,
  (ii) each Company Stock option assumed by Gold Banc may be exercised solely
  for Gold Banc Common Stock (or cash in the case of stock appreciation
  rights), (iii) the number of Gold Banc Common Stock subject to such Company
  Stock Options shall be equal to the number of Gold Banc Common Stock
  subject to such Company Stock Option immediately prior to the Effective
  Time multiplied by the Exchange Ratio, and (iv) the per share exercise
  price (or similar threshold price, in the case of stock awards) under each
  such Company Stock Option shall be adjusted by dividing the per share
  exercise (or threshold) price under each such Company Stock Option by the
  Exchange Ratio and rounding up to the nearest cent. Notwithstanding the
  provisions of clause (iii) of the proceeding sentence, Gold Banc shall not
  be obligated to issue any fraction of a share of Gold Banc Common Stock
  upon exercise of such Company Stock Option and any fraction of a share of
  Gold Banc Common Stock that otherwise would be subject to a converted such
  Company Stock Option shall represent the right to receive a cash payment
  equal to the product of such fraction and the difference between the market
  price of one share of Gold Banc Common Stock and the per share exercise
  price of such right. In addition, notwithstanding the provisions of clauses
  (iii) and (iv) of the first sentence of this Section 6.5(a), each such
  Company Stock Option which is an "incentive stock option" shall be adjusted
  as required by Section 424 of the Internal Revenue Code, and the
  regulations promulgated thereunder, so as not to constitute a modification,
  extension, or renewal of the option, within the meaning of Section 424(h)
  of the Internal Revenue Code. Gold Banc agrees to take all necessary steps
  to effectuate the foregoing provisions of this Section 6.5.

     (b) As soon as practicable after the Effective Time, Gold Banc shall
  deliver to the participants in each Company Stock Plan an appropriate
  notice setting forth such participant's rights pursuant thereto and the
  grants pursuant to such Company Stock Plan shall continue in effect on the
  same terms and conditions (subject to the adjustments required by Section
  6.5(a) of this Agreement after giving effect to the Merger), and Gold Banc
  shall comply with the terms of each Company Stock Plan to ensure, to the
  extent required by, and subject to the provisions of, such Company Stock
  Plan, that the such Company Stock Option which qualified as incentive stock
  options prior to the Effective Time continue to qualify as incentive stock
  options after the Effective Time. At or prior to the Effective Time, Gold
  Banc shall take all corporate action necessary to reserve for issuance
  sufficient shares of Gold Banc Common Stock for delivery upon exercise of
  such Company Stock Option assumed by Gold Banc in accordance with this
  Section 6.5. As soon as practicable after the Effective Time, Gold Banc
  shall file with the SEC a registration statement on Form S-3 or Form S-8,
  as the case may be (or any successor or other appropriate form), with
  respect to the shares of Gold Banc Common Stock subject to such options and
  shall use its reasonable efforts to obtain and maintain the effectiveness
  of such registration statement (and maintain the current status of the
  prospectus or prospectuses contained therein) for so long as such options
  remain outstanding. With respect to those individuals who subsequent to the
  Merger will be subject to the reporting requirements under Section 16(a) of
  the Exchange Act, where applicable, Gold Banc shall administer the Company
  Plans assumed pursuant to this Section 6.5 in a manner that complies with
  Rule 16b-3 promulgated under the Exchange Act.

     (c) All restrictions or limitations on transfer with respect to the
  Company Common Stock awarded under the Company Stock Plans, to the extent
  that such restrictions or limitations shall not have already lapsed, and
  except as otherwise expressly provided in such plan, program, or
  arrangement, shall remain in full force and effect with respect to Gold
  Banc Common Stock into which such restricted stock is converted pursuant to
  Section 2.7 of this Agreement.

     (d) Except as contemplated by this Agreement, the Company will not,
  after the date hereof, without the written consent of Gold Banc, amend any
  outstanding such Company Stock Option or other options or rights to
  purchase shares of the Company Common Stock.

     (e) Neither the Company's Board of Directors nor any committee thereof
  shall authorize any cash payment in connection with any outstanding Company
  Stock Option, and each member of each committee empowered to act with
  respect to any stock option plan shall have resigned.

                                     A-31
<PAGE>

   Section 6.6 Confidentiality. Except as otherwise agreed to in writing by
the Company, unless and until the Effective Time, the Company, Gold Banc and
its affiliates will be bound by, and all information received with respect to
the Company pursuant to Section 5.3 shall be subject to, the Confidentiality
Agreement. In the event that this Agreement is terminated and the Merger is
not consummated, the parties to this Agreement affirm their understanding that
the terms of the Confidentiality Agreement will survive such termination and
will continue in full force and effect.

   Section 6.7 Pooling-of-Interest Accounting Treatment. Gold Banc shall not
intentionally take or cause or permit to be taken any action, whether before
or after the Effective Time, which would disqualify the Merger from receiving
pooling-of-interest accounting treatment.

   Section 6.8 Cooperation by Gold Banc and Acquisition Subsidiary. Gold Banc
and Acquisition Subsidiary shall use all commercially reasonable efforts to
take all actions and to do all things necessary or advisable to consummate the
transactions contemplated by this Agreement and to cooperate with the Company
in connection therewith.

   Section 6.9 Year 2000 Compliance. With respect to all computer hardware,
computer software applications, and Bank services and products, Gold Banc
shall, and shall cause its subsidiaries to, (i) use their best efforts to
comply with all Federal Financial Institution Examination Council Year 2000
regulations and guidelines and (ii) take all action necessary to receive a
rating of "Satisfactory" or better on any Year 2000 compliance examination
conducted by their respective examining agencies.

   Section 6.10 Nasdaq Listing. Gold Banc shall use all reasonable efforts to
maintain the current Nasdaq listing of Gold Banc Common Stock.

   Section 6.11 Continuation of Business. From the date of this Agreement
until the earlier of the Effective Time or the termination of this Agreement,
Gold Banc covenants and agrees that it shall (a) continue to conduct its
business and the business of its Gold Banc Subsidiaries in a manner designed
in its reasonable judgment, to enhance the long-term value of the Gold Banc
Common Stock and the business prospects of Gold Banc and its Gold Banc
Subsidiaries, and (b) take no action which would (i) materially adversely
affect the ability of any party to this Agreement to obtain any Consents
required for the transactions contemplated hereby without imposition of a
condition or restriction of the type referred in Section 11.1(c), or (ii)
materially adversely affect the ability of any party to perform its covenants
and agreements under this Agreement; provided, that the foregoing shall not
prevent Gold Banc or any of the Gold Banc Subsidiaries from discontinuing or
disposing of any of its properties, assets, or business if such action is, in
the judgment of Gold Banc, desirable in the conduct of the business of Gold
Banc and its Gold Banc Subsidiaries.

   Section 6.12 Election of Bank Directors. Immediately after the Effective
Time, Gold Banc shall cause the Surviving Corporation, as the sole stockholder
of the Bank, to elect all of the existing directors of the Bank as the
continuing directors of the Bank, to hold such offices until the next annual
meeting of the stockholders of the Bank, or until their successors shall have
been duly elected as provided in the Bylaws of the Bank.

                                  ARTICLE VII

              CONDITIONS PRECEDENT TO OBLIGATIONS OF THE COMPANY

   The obligations of the Company to consummate the transactions contemplated
hereunder shall be subject to satisfaction on or before the Closing Date of
all of the following conditions, except such conditions as the Company may
waive in writing:

   Section 7.1 Representations, Warranties and Covenants. All representations
and warranties of Gold Banc and Acquisition Subsidiary contained in this
Agreement shall be true and correct in all material respects on and as of the
Closing Date, except for changes permitted by or contemplated by this
Agreement, and except that

                                     A-32
<PAGE>

to the extent any such representation or warranty is made solely as of a
specified date. Each of Gold Banc and Acquisition Subsidiary shall have
performed in all material respects all agreements and covenants required by
this Agreement to be performed by it on or prior to the Closing Date. The
Company shall have received a certificate signed by the President and CFO of
Gold Banc, dated the Closing Date, to the foregoing effects.

   Section 7.2 Regulatory Authority Approval. Orders and Consents in form and
substance reasonably satisfactory to the Company shall have been entered by or
obtained from the appropriate regulatory authorities authorizing consummation
of the transactions contemplated by this Agreement pursuant to the provisions
of the BHC Act and any other applicable Law.

   Section 7.3 Litigation. There shall not be pending or threatened any Action
which the Company reasonably believes would result in restraining, enjoining
or prohibiting the consummation of the transactions contemplated by this
Agreement.

   Section 7.4 Approval by Stockholders. The stockholders of the Company shall
have duly approved and adopted this Agreement, the Merger and the transactions
contemplated hereby to the extent required by applicable Law and the Articles
of Incorporation and Bylaws of the Company and the Bank, and the stockholders
of Gold Banc and of Acquisition Subsidiary shall have duly approved and
adopted this Agreement, the Merger and the transactions contemplated hereby to
the extent required by applicable Law, the Articles of Incorporation and
Bylaws of Gold Banc and of Acquisition Subsidiary, and the rules of Nasdaq.

   Section 7.5 Adverse Changes. From the date hereof to the Closing Date,
there shall have been no Material Adverse Change in Gold Banc and its
subsidiaries, taken as a whole, and taking into account for this purpose the
proceeds of any applicable insurance.

   Section 7.6 Federal Tax Opinion. The Company shall have received, at Gold
Banc's expense, an opinion of Gold Banc's Counsel, addressed to the Company
and its stockholders in form and substance reasonably satisfactory to the
Company and the Company's Counsel, dated the Closing Date, to the effect that
the Merger will be a tax-free reorganization under Section 368(a) of the Code
and no gain or loss will be recognized by the stockholders of the Company.

   Section 7.7 Opinion of Counsel. The Company shall have received, at Gold
Banc's expense, an opinion of Gold Banc's Counsel, dated the Closing Date, in
form and substance reasonably satisfactory to the Company, covering customary
corporate law matters.

   Section 7.8 Nasdaq Listing. The Gold Banc Common Stock to be issued
pursuant to the Merger shall have been approved and authorized for quotation
on Nasdaq upon official notice of issuance.

   Section 7.9 Market Price of Gold Banc Common Stock. The Average Gold Banc
Stock Price shall not be less than $10.00 per share, unless amended pursuant
to Section 2.7 hereof.

   Section 7.10 Fairness Opinion. The Company shall have received an opinion,
as of the date of this Agreement, rendered by Advest, Inc., that, in the
opinion of such firm, the Exchange Ratio is fair, from a financial point of
view, to the holders of the Company Common Stock, which opinion shall be
affirmed and reissued in writing by a letter, dated not more than five
Business Days prior to the date of the Proxy Statement and again at Closing,
and is not withdrawn or substantially qualified by Advest, prior to the
Effective Time.

   Section 7.11 Qualification for Pooling-of-Interest Treatment. The Company
shall have received (i) the Pooling Letter from the Company's Accountant
contemplated by Section 5.12 hereto, and (ii) an opinion from the Gold Banc's
Accountants that the transactions contemplated hereby will qualify for
pooling-of-interest accounting treatment and that all conditions applicable
thereto (including limitation of any cash consideration paid by Gold Banc
hereunder and absence of any capital transactions involving any parties
hereto) have been met.


                                     A-33
<PAGE>

   Section 7.12 Registration Statement. The Registration Statement referenced
in Section 10.1 shall have been declared effective and the parties hereto
shall have taken all actions required pursuant to Article X hereof, and no
stop orders suspending the effectiveness of the Registration Statement shall
have been issued, and no action, suit, proceeding, or investigation by the SEC
to suspend the effectiveness thereof shall have been initiated and continuing,
and all necessary Consents under applicable blue sky or state securities Laws
or the Securities Act or the Exchange Act relating to the issuance or trading
of the Gold Banc Common Stock issuable pursuant to the Merger shall have been
received.

   Section 7.13 Payment of Merger Consideration. Gold Banc shall have
delivered to the Exchange Agents at Closing the Gold Banc Common Stock and
cash in lieu of fractional shares deliverable to the holders of Company Common
Stock pursuant to the Merger as contemplated by Section 2.8 hereof.

                                 ARTICLE VIII

                    CONDITIONS PRECEDENT TO OBLIGATIONS OF
                     GOLD BANC AND ACQUISITION SUBSIDIARY

   The obligations of Gold Banc and Acquisition Subsidiary to consummate the
transactions hereunder shall be subject to the satisfaction on or before the
Closing Date of all of the following conditions, except such conditions as
Gold Banc or Acquisition Subsidiary may waive in writing:

   Section 8.1 Representations, Warranties and Covenants. All representations
and warranties of the Company contained in this Agreement shall be true and
correct on and as of the Closing Date, except for changes permitted by or
contemplated by this Agreement, and except that to the extent any such
representation or warranty is made solely as of a specified date, such
representation or warranty need only be true and correct in all material
respects as of such date. The Company and each Subsidiary shall have performed
all agreements and covenants required by this Agreement to be performed by it
on or prior to the Closing Date. Gold Banc shall have received a certificate
signed by the President and CFO of the Company, dated the Closing Date, to the
foregoing effects.

   Section 8.2 Adverse Changes. From the date hereof to the Closing Date,
there shall have been no Material Adverse Change in the Company or the
Subsidiaries, taken as a whole.

   Section 8.3 Regulatory Authority Approval. Orders and Consents in form and
substance reasonably satisfactory to Gold Banc shall have been entered by or
obtained from the appropriate regulatory authorities authorizing consummation
of the transactions contemplated hereby pursuant to the provisions of the BHC
Act and any other applicable federal or state banking regulatory statute or
rule, and no such order, Consent or approval shall be conditioned or
restricted in any manner which in the reasonable judgment of Gold Banc would
materially adversely affect the operations of or be unduly burdensome to Gold
Banc.

   Section 8.4 Litigation. At the Closing Date, there shall not be pending or
threatened any Action which Gold Banc reasonably believes would result in
restraining, enjoining or prohibiting the consummation of the transactions
contemplated by this Agreement.

   Section 8.5 Financial Measures. Unless waived pursuant to Section 2.14
hereof:

     (a) On the Closing Date, the Total Equity Capital of the Bank shall be
  not less than $37,752,000, and the reserve for loan and lease losses of the
  Bank shall be not less than $4,735,000.

     (b) On the Closing Date, the Total Equity Capital of the Company shall
  not be less than $27,230,000 and, the total indebtedness of the Company (on
  an unconsolidated basis) shall not exceed $16,752,000.

     (c) On the Closing Date, the Total Equity Capital of Finance shall not
  be less than $296,000, the total indebtedness of Finance shall not be
  greater than $3,000,000 and the reserve for loan and lease losses of

                                     A-34
<PAGE>

  Finance shall not be less than one and one-half percent (1.5%) of the
  aggregate amount of all its outstanding loans.

     (d) The parties acknowledge and agree that all future earnings from the
  date hereof forward shall accrue to the retained earnings or reserves of
  the Company, the Bank and Finance, respectively, and shall not result in an
  increase of any consideration payable by Gold Banc or Acquisition
  Subsidiary hereunder.

   Section 8.6 Approval by Stockholders. The stockholders of the Company shall
have duly approved and adopted this Agreement and the other transactions
contemplated hereby to the extent required by applicable Law and the Articles
of Incorporation and Bylaws of the Company and the stockholders of Gold Banc
and of Acquisition Subsidiary shall have duly approved and adopted this
Agreement and the other transactions contemplated hereby to the extent
required by applicable Law, the Articles of Incorporation and Bylaws of Gold
Banc and of Acquisition Subsidiary and the rules of Nasdaq.

   Section 8.7 Tax Representations. The Company and each stockholder of the
Company owning more than 10% of the outstanding Company Common Stock shall
have made those representations reasonably requested by Gold Banc's Counsel
and necessary to enable Gold Banc's Counsel to render the opinion described in
Section 8.10 hereof.

   Section 8.8 Affiliate Agreements. Each person who is an "affiliate" (for
purposes of Rule 145 under the Securities Act and for pooling-of-interests
accounting treatment) of the Company at the time this Agreement is submitted
to approval of the stockholders of the Company shall deliver to Gold Banc a
letter in substantially the form set forth in Exhibit B (the "Affiliate
Letter") hereto.

   Section 8.9 Federal Tax Opinion. Gold Banc shall have received an opinion
of Gold Banc's Counsel, in form and substance reasonably satisfactory to Gold
Banc, dated the Closing Date, stating that the Merger will be treated as a
tax-free reorganization within the meaning of Section 368(a) of the Code.

   Section 8.10 Opinion of Counsel. Gold Banc shall have received an opinion
of Company's Counsel, dated the Closing Date, in form and substance reasonably
satisfactory to Gold Banc and Gold Banc's counsel covering customary corporate
law matters, including without limitation the opinion of Company's Counsel
(subject to reasonable assumptions as to factual matters and conditions that
will continue to exist after the Closing) that, after the consummation of the
Merger, the interest paid on subordinated debentures issued by the Company to
ABICT, will be deductible by the Surviving Corporation as interest payments
for federal income tax purposes.

   Section 8.11 Qualification for Pooling-of-Interest Treatment.

     (a) Gold Banc shall have received an opinion from Gold Banc's
  Accountants that the transactions contemplated hereby will qualify for
  pooling of-interest accounting treatment and that all conditions applicable
  thereto (including limitation of any cash consideration paid by Gold Banc
  hereunder and absence of any capital transactions involving any parties
  hereto) have been met.

     (b) The Company shall have obtained from the Company's Accountants and
  delivered to Gold Banc a letter, dated the Closing Date, affirming the
  accuracy of their Pooling Letter.

   Section 8.12 Deductibility of Severance Payments. The Company shall have
obtained and Gold Banc shall have received from the Company's Accountants a
written (i) calculation of all payments due to current or former employees of
the Company or any Subsidiary in connection with the Merger or upon the
occurrence of a change in control of the Company under their respective
Employment Agreements, stock option plans, deferred compensation plans or
otherwise, (ii) certification that such calculation was completed in
accordance with such agreements and plans, and (iii) opinion that no such
severance or other payments will constitute any non-deductible "parachute
payments" under Section 280G of the Code (the "280G Opinion Letter").


                                     A-35
<PAGE>

                                  ARTICLE IX

                NON-SURVIVAL OF REPRESENTATIONS AND WARRANTIES

   Section 9.1 No Survival of Representations and Warranties. The
representations and warranties contained herein shall not survive after the
Effective Time. The representations and warranties contained herein shall not
be deemed modified or waived by any investigation made by the party(ies)
entitled to the benefit of such representations and warranties or by their
representatives. Except as otherwise provided herein, any waiver or
modification of any representation or warranty shall be effective only if made
in writing and signed by the party(ies) entitled to the benefit of such
representation or warranty. All agreements and covenants of the parties of
this Agreement which by their terms are to be performed following the
Effective Time shall survive the Effective Time until performed in accordance
with their terms.

                                   ARTICLE X

                            SECURITIES LAWS MATTERS

   Section 10.1 Registration Statement and Proxy Statement.

     (a) Gold Banc shall, at Gold Banc's expense as soon as practicable
  prepare and file a registration statement on Form S-4, including the Proxy
  Statement, to be filed with the SEC pursuant to the Securities Act for the
  purpose of registering the shares of Gold Banc Common Stock to be issued in
  the Merger (the "Registration Statement"). The Company, Gold Banc and
  Acquisition Subsidiary shall each provide promptly to the other such
  information concerning their respective businesses, financial conditions,
  and affairs as may be required or appropriate for inclusion in the
  Registration Statement or the proxy statement to be used in connection with
  the special stockholders' meetings of the Company, Gold Banc and
  Acquisition Subsidiary to be called for the purpose of considering and
  voting on the Merger (the "Proxy Statement"). The Company, Gold Banc and
  Acquisition Subsidiary shall each cause their counsel, auditors and other
  experts to cooperate with the other's counsel, auditors and other experts
  in the preparation and filing of the Registration Statement and the Proxy
  Statement. Gold Banc shall not include in the Registration Statement any
  information concerning the Company or any Subsidiary to which the Company
  shall reasonably and timely object in writing. Gold Banc, Acquisition
  Subsidiary and the Company shall use their reasonable best efforts to have
  the Registration Statement declared effective under the Securities Act as
  soon as may be practicable and thereafter the Company shall distribute the
  Proxy Statement to its stockholders in accordance with applicable laws not
  fewer than twenty (20) Business Days prior to the date on which this
  Agreement is to be submitted to its stockholders for voting thereon. If
  necessary, in light of developments occurring subsequent to the
  distribution of the Proxy Statement, Gold Banc shall prepare and file such
  amendments or supplements to the Registration Statement and the Proxy
  Statement and Gold Banc, Acquisition Subsidiary and the Company shall mail
  or otherwise furnish to their stockholders such amendments to the Proxy
  Statement or supplements to the Proxy Statement as may, in the reasonable
  opinion of Gold Banc, Acquisition Subsidiary or the Company, be necessary
  so that the Proxy Statement, as so amended or supplemented, will contain no
  untrue statement of any material fact and will not omit to state any
  material fact required to be stated therein or necessary to make the
  statements therein, in light of the circumstances under which they were
  made, not misleading, or as may be necessary to comply with applicable law.
  Gold Banc and Acquisition Subsidiary shall not be required to maintain the
  effectiveness of the Registration Statement after delivery of the Gold Banc
  Common Stock issued pursuant hereto for the purpose of resale of Gold Banc
  Common Stock by any Person.

     (b) For a period of at least two years from the Effective Time, Gold
  Banc shall make available "adequate current public information" within the
  meaning of and as required by paragraph (c) of Rule 144 adopted pursuant to
  the Securities Act.

   Section 10.2 State Securities Laws. The parties hereto shall cooperate in
making any filings required under the securities laws of any state in order to
qualify or register the Gold Banc Common Stock so it may be

                                     A-36
<PAGE>

offered and sold lawfully in such state in connection with the Merger or to
obtain an exemption from such qualification or registration.

   Section 10.3 Publication of Combined Financial Results. Gold Banc shall
publish financial results covering at least thirty (30) days of post-Merger
combined operations of Gold Banc and the Company, ending on a normal month-end
closing date, as soon as practicable after the Effective Time, unless the
first thirty (30) day period of combined operations ending on a normal month-
end closing date ends on the normal closing date of an annual report on Form
10-K or quarterly report on Form 10-Q.

   Section 10.4 Indemnification by Gold Banc. Gold Banc agrees to indemnify
and hold harmless the Company and its stockholders, directors, officers,
employees, representatives and agents from and against any and all Damages,
whether arising under federal or state securities or Blue Sky laws or
otherwise, which may be asserted against any of them and which arise as a
result of any alleged act or failure to act, or any alleged statement or
omission, of Gold Banc done or made in connection with the Registration
Statement, Proxy Statement, or any other statement or form filed or required
to be filed with the SEC or any state securities department or delivered or
required to be delivered to the holders of Company Common Stock or Gold Banc
Common Stock except to the extent any such alleged act, failure to act,
statement or omission is a result of information provided by the Company. This
obligation shall survive the consummation of the Merger.

   Section 10.5 Indemnification by the Company. The Company agrees to
indemnify and hold harmless Gold Banc and its stockholders, directors,
officers, employees, representatives and agents from and against any and all
Damages, whether arising under federal or state securities or Blue Sky laws or
otherwise, which may be asserted against any of them and which arise as a
result of any alleged act or failure to act, or any alleged statement or
omission, of the Company or any Subsidiary done or made in connection with the
Registration Statement, Proxy Statement, or any other statement or form filed
or required to be filed with the SEC or any state securities department or
delivered or required to be delivered to the holders of Company Common Stock
or Gold Banc Common Stock except to the extent any such alleged act, failure
to act, statement or omission is a result of information provided by Gold
Banc.

   Section 10.6 Indemnification by the Surviving Corporation.

     (a) The Surviving Corporation shall indemnify, defend, and hold harmless
  the present directors, officers, employees, and agents of the Company and
  its Subsidiaries (each, an "Indemnified Party") after the Effective Time
  against all Damages in connection with any Action arising out of actions or
  omissions occurring at or prior to the Effective Time (including the
  transactions contemplated by this Agreement) to the full extent permitted
  under Florida Law and by the Company's Articles of Incorporation and Bylaws
  as in effect as of the date hereof, including any provisions relating to
  advances of expenses incurred in the defense of any action, suit or
  proceeding. Gold Banc shall cause the Surviving Corporation and all other
  relevant Gold Banc subsidiaries to apply such rights of indemnification in
  good faith and to the fullest extent permitted by applicable Law.

     (b) With respect to all persons who are currently covered by the
  Company's directors' and officers' liability insurance, the Surviving
  Corporation shall maintain in effect for a period of not less than three
  years following the Effective Time the current directors' and officers'
  liability insurance maintained by the Company (provided that the Surviving
  Corporation may substitute therefor policies of at least equivalent
  coverage containing terms and conditions and coverages which are no less
  advantageous to the current directors and officers of the Company) with
  respect to matters occurring prior to the Effective Time.

     (c) If the Surviving Corporation or any of its successors or assigns
  shall consolidate with or merge into any other corporation or entity and
  shall not be the continuing or surviving corporation or entity of such
  consolidation or merger or shall transfer all or substantially all of its
  assets to any person, corporation or entity, then in each case, proper
  provision shall be made so that the successors and assigns of the Surviving
  Corporation shall assume the obligations set forth in this Section 10.6.


                                     A-37
<PAGE>

     (d) The provisions of this Section 10.6 are intended to be for the
  benefit of and shall be enforceable by, each Indemnified Party, his or her
  heirs and representatives, and shall survive the consummation of the Merger
  and be binding on all successors and assigns of the Surviving Corporation.

                                  ARTICLE XI

                                  TERMINATION

   Section 11.1 Basis for Termination. This Agreement and the Merger
contemplated hereby may be terminated at any time prior to the Closing Date:

     (a) by mutual consent in writing of the parties hereto;

     (b) by either party if the transactions contemplated hereby have not
  closed by March 31, 2000; provided, however, that the right to terminate
  this Agreement pursuant to this Section 11.1(b) shall not be available to
  any party whose failure to fulfill any obligations under this Agreement has
  been the cause of, or resulted in the failure of the Merger to be
  consummated on or before such date;

     (c) by Gold Banc upon written notice to the Company if any regulatory
  approval of the transactions contemplated under the terms of this Agreement
  shall be denied or if any such regulatory approval shall be conditioned or
  restricted in any manner which in the reasonable judgment of Gold Banc
  would materially adversely affect the operations of or would be unduly
  burdensome to Gold Banc;

     (d) by Gold Banc or the Company, as the case may be, (i) if any of the
  conditions precedent to the performance of the obligations of the party
  giving notice of termination shall not have been fulfilled and cannot be
  fulfilled in all material respects on or prior to the Closing Date and
  shall not have been waived in writing by such party; or (ii) if a material
  breach or default shall be made by the other party in observance or in the
  due and timely performance of any material covenant or agreement herein
  contained that cannot be cured on or prior to the Closing Date or, if
  capable of being cured, has not been cured within thirty (30) days after
  the party for whose benefit this Agreement or covenant was made, has given
  written notice to the other party of such breach or default, and shall not
  have been waived in writing by such party; or (iii) if there exists any
  material inaccuracy, misrepresentation or breach of a representation or
  warranty made herein by the other party which has not been waived in
  writing by the party for whose benefit such warranty or representation was
  made or given;

     (e) by the Company if it receives an unsolicited Acquisition Proposal as
  contemplated by Section 5.8 hereof, which the Board of Directors of the
  Company, in good faith, believes is superior to the Merger contemplated
  hereby;

     (f) by Gold Banc upon receipt of written notice from the Company
  pursuant to Section 5.8(b) hereof that the Company has entered into an
  agreement to engage in a transaction relating to an Acquisition Proposal
  with any Person other than Gold Banc or its affiliates or the Company's
  Board of Directors or any committee thereof has endorsed, approved or
  recommended an Acquisition Proposal made by any Person other than Gold Banc
  or its affiliates;

     (g) by either party, if the stockholders of the Company or the
  stockholders of Gold Banc fail to vote their approval of this Agreement and
  the Merger contemplated hereby as required under the FBCA and the KGCC at
  the shareholder meetings held pursuant to Section 10.1 of this Agreement;
  or

     (h) by the Company, if the Average Gold Banc Stock Price is less than
  $10.00 and the Board of Directors of the Company determines, by a vote of a
  majority of the entire Board, at any time during the period commencing on
  the sixth day following the Determination Date and ending on the tenth day
  after the Determination Date to terminate this Agreement; provided,
  however, before exercising its rights to effect termination under this
  Section 11.1(h), the Company shall first have satisfied the good faith
  procedures specified in Section 2.7 of this Agreement, it being agreed that
  it shall not be a failure to negotiate in good faith if the Board of
  Directors of the Company declines to agree to a revised Exchange Ratio
  because it has

                                     A-38
<PAGE>

  determined in its reasonable business judgment that there has been a
  Material Adverse Change in Gold Banc and its subsidiaries, taken as a
  whole.

As used in this Section 11.1, actions contemplated as being taken by Gold Banc
or the Company must be taken by their respective Boards of Directors or the
executive committee of such Boards.

   Section 11.2 Effect of Termination. Except in the event of a termination of
this Agreement pursuant to Section 11.1(d) or Section 11.3 hereof, there shall
be no liability on the parties hereto or any of their respective directors,
officers or shareholders as a result thereof under this Agreement. A
termination under Section 11.1(d) hereof shall not prejudice any claim for
damages which any party may have hereunder or in law or in equity as a
consequence of any matter giving rise to a termination of the Agreement under
Section 11.1(d) hereof. Sections 6.6, 10.4, 10.5, 11.2, 11.3, 12.3 and 12.8
shall survive termination of this Agreement.

     Section 11.3 Termination Fee; Other Fees.

     (a) The Company agrees to pay to Gold Banc upon demand a termination fee
  of Three Million Dollars ($3,000,000) (the "Termination Fee") if this
  Agreement is terminated (i) by the Company pursuant to Section 11.1(e) or
  (ii) by Gold Banc pursuant to Section 11.1(f). In the event of a
  termination of this Agreement pursuant to Section 11.1(e) or 11.1(f) of
  this Agreement, the payments provided under this Section 11.3(a) shall be
  the sole and exclusive remedy available to Gold Banc.

     (b) In the event this Agreement is terminated as a result of Gold Banc's
  failure or breach under Section 11.1(d), Gold Banc shall reimburse the
  Company for its reasonable out-of-pocket expenses relating to the Merger
  (including, without limitation, the fees and expenses of the Company's
  Counsel, the Company's Accountants and Advest, Inc. (other than performance
  fees)). This payment is not the exclusive remedy available to the Company
  for any such failure or breach on the part of Gold Banc and will not serve
  as liquidated damages therefor, and such payment will cumulative to all
  other remedies available to the Company under this Agreement and under
  applicable Law.

     (c) In the event this Agreement is terminated as a result of the
  Company's failure or breach under Section 11.1(d), the Company shall
  reimburse Gold Banc for its reasonable out-of-pocket expenses relating to
  the Merger (including without limitation the fees and expenses of Gold
  Banc's Counsel, Gold Banc's Accountants and Gold Banc's investment bankers
  and SEC fees and printing fees)). This payment is not the exclusive remedy
  available to Gold Banc for any such failure or breach on the part of the
  Company and will not serve as liquidated damages therefor, and such payment
  will cumulative to all other remedies available to Gold Banc under this
  Agreement and under applicable Law.

   Section 11.4 Specific Performance.

     (a) Subject to Section 11.1, in the event Gold Banc and Acquisition
  Subsidiary have performed all of their obligations hereunder and all
  conditions precedent to the obligation of the Company to close have been
  met or waived in writing by the Company, but the Company fails or otherwise
  refuses to close, then either or both of Gold Banc and Acquisition
  Subsidiary shall be entitled to enforce the terms hereof by an Action
  seeking specific performance. Such right is not exclusive and shall not
  preclude Gold Banc or Acquisition Subsidiary from also pursuing an Action
  to recover any and all damages resulting from the Company's default
  hereunder. All remedies available to Gold Banc or Acquisition Subsidiary
  hereunder or by law are cumulative

     (b) In the event the Company has performed all of its obligations
  hereunder and all conditions precedent to the obligations of Gold Banc and
  Acquisition Subsidiary to close have been met or waived in writing by Gold
  Banc and Acquisition Subsidiary, but Gold Banc and Acquisition Subsidiary
  fail or otherwise refuse to close, then the Company shall be entitled to
  enforce the terms hereof by an Action seeking specific performance. Such
  right is not exclusive and shall not preclude the Company from also
  pursuing an Action to recover any and all damages resulting from the
  default by Gold Banc and Acquisition Subsidiary hereunder. All remedies
  available to the Company hereunder or by law are cumulative.


                                     A-39
<PAGE>

                                  ARTICLE XII

                                 MISCELLANEOUS

   Section 12.1 Amendment. This Agreement may be amended by the parties
hereto, by action taken or authorized by their respective Boards of Directors,
at any time before or after approval of the matters presented in connection
with the Merger by the stockholders of the Company, Gold Banc or Acquisition
Subsidiary, but, after any such approval, no amendment shall be made which by
law requires further approval by such stockholders without such further
approval. This Agreement may not be amended except by an instrument in writing
signed on behalf of each of the parties hereto.

   Section 12.2 Extension: Waiver. At any time prior to the Effective Time,
the parties hereto, by action taken or authorized by their respective Board of
Directors, may, to the extent legally allowed, (a) extend the time for the
performance of any of the obligations or other acts of the other parties
hereto, (b) waive any inaccuracies in the representations and warranties
contained herein or in any document delivered pursuant hereto and (c) waive
compliance with any of the agreements or conditions contained herein. Any
agreement on the part of a party hereto to any such extension or waiver shall
be valid only if set forth in a written instrument signed on behalf of such
party.

   Section 12.3 Expenses. Except as set forth herein, each party shall be
responsible for its own expenses in connection with this transaction.
Specifically, each party shall be responsible for their own legal and
accounting fees and any related costs or charges associated with the
negotiation, execution and consummation of this Agreement.

   Section 12.4 Parties in Interest. This Agreement and the rights hereunder
are not assignable unless such assignment is consented to in writing by all
parties hereto. Except as otherwise expressly provided herein, all of the
terms and provisions of this Agreement shall be binding upon, shall inure to
the benefit of and shall be enforceable by the respective heirs,
beneficiaries, personal and legal representatives, successors and permitted
assigns of the parties hereto.

   Section 12.5 Entire Agreement; Amendments; Waiver. This Agreement contains
the entire understanding of Gold Banc, Acquisition Subsidiary and the Company
with respect to the Merger and supersedes all prior agreements and
understandings, whether written or oral, between them with respect to the
Merger contemplated herein. Notwithstanding the foregoing, the Confidentiality
Agreement is not superseded by this Agreement. This Agreement may be amended
only by a written instrument duly executed by the parties or their respective
successors or permitted assigns. Any condition to a party's obligation
hereunder may be waived by such party in writing.

   Section 12.6 Obligation of Gold Banc. Whenever this Agreement requires Gold
Banc (including Acquisition Subsidiary) to take any action, such requirement
will be deemed to include an undertaking of Gold Banc to cause the Gold Banc
Subsidiaries to take such action, if necessary.

   Section 12.7 Notices. All notices, requests, demands or other
communications hereunder shall be in writing and shall be deemed to have been
duly given (a) when personally delivered, (b) on the first Business Day
following the Business Day on which delivered to a nationally recognized
overnight delivery service, (c) if sent by facsimile transmission, on the date
that transmission is received by a responsible employee of the recipient in
legible form (it being agreed that the burden of proving receipt will be on
the sender and will not be met by a transmission report generated by the
sender's facsimile machine) or (d) if sent by certified or registered mail,
return receipt requested, on the Business Day that it is delivered or its
delivery is attempted, in any case addressed to the parties at the following
addresses or at such other address as shall be given in like manner by any
party to the other:

                                     A-40
<PAGE>

   If to the Company:

       Jerry L. Neff
       American Bancshares, Inc.
       4502 Cortez Road West
       Bradenton, Florida 34210-2801
       Telephone: (941) 795-3050
       FAX: (941) 798-3712

   with a copy to:

       Richard A. Denmon
       Carlton, Fields, Ward, Emmanuel, Smith & Cutler, P.A.
       One Harbor Place
       777 South Harbour Island Boulevard
       Tampa, Florida 33602-5799
       Telephone: (813) 223-7000
       FAX: (813) 229-4133

   If to Gold Banc:

       Michael W. Gullion
       Gold Banc Corporation, Inc.
       11301 Nall Avenue
       Leawood, KS 66211
       Telephone: (913) 451-8050
       FAX: (913) 451-8004

   with a copy to:

       Michael W. Lochmann
       Stinson, Mag & Fizzell, P.C.
       1201 Walnut Street, Suite 2800
       Kansas City, MO 64106
       Telephone: (816) 842-8600
       FAX: (816) 691-3495

   Section 12.8 Law Governing. This Agreement shall be governed by and
construed and enforced in accordance with the laws of the State of Florida,
except to the extent that Kansas corporate law applies to the provisions hereof
relating to the Company Merger.

   Section 12.9 Fiduciary Duties. Notwithstanding anything to the contrary in
this Agreement, no provision of this Agreement shall be construed to prevent
the exercise by any director of the Company (or the actions of the Company
thereon) of his fiduciary duty under applicable federal or state law.

                                      A-41
<PAGE>

                                   SIGNATURES

   IN WITNESS WHEREOF, the parties hereto have duly executed this Agreement as
of the date first above written.

                                          Gold Banc Corporation, Inc.

                                             /s/ Michael W. Gullion
                                          By: _________________________________
                                             Name: Michael W. Gullion
                                             Title:Chairman of the Board

ATTEST:

/s/ Keith E. Bouchey
_____________________________________
Name: Keith E. Bouchey
Title:Secretary

                                          Gold Banc Acquisition Corporation
                                          XI, Inc.

                                             /s/ Michael W. Gullion
                                          By: _________________________________
                                             Name: Michael W. Gullion
                                             Title:President

ATTEST:

/s/ Keith E. Bouchey
_____________________________________
Name: Keith E. Bouchey
Title:Secretary

                                          American Bancshares, Inc.

                                             /s/ Jerry L. Neff
                                          By: _________________________________
                                             Name: Jerry L. Neff
                                             Title:President and Chief
                                             Executive Officer

ATTEST:

/s/ Brian M. Watterson
_____________________________________
Name: Brian M. Watterson
Title:Secretary

                                      S-1
<PAGE>

                                                                     Appendix B

                        FORM OF OPINION OF ADVEST, INC.

           , 2000

Board of Directors
American Bancshares, Inc.
4502 Cortez Road West
Bradenton, Florida 34210

Members of the Board:

   American Bancshares, Inc. ("American") and Gold Banc Corporation, Inc.
("Gold") have entered into an Agreement and Plan of Reorganization (the
"Agreement") dated September 6, 1999 and attached hereto as Appendix A,
pursuant to which American will merge with and into an Acquisition Subsidiary
of Gold (as defined in the Agreement), with the Acquisition Subsidiary
becoming the surviving corporation (the "Merger").

   The Agreement provides that each outstanding share of American common stock
issued and outstanding at the Effective Time (as defined in the Agreement)
will be effectively exchanged into the number of shares of Gold (through the
Acquisition Subsidiary), par value $1.00, determined using the exchange ratio
(the "Exchange Ratio") as follows:

      (i) if the Average Gold Banc Stock Price (as defined in the Agreement)
  is equal to or greater than $13.75, the Exchange Ratio shall be $18.l8
  divided by $13.75;

       (ii) if the Average Gold Banc Stock Price is greater than or equal to
  $11.00 but less than or equal to $13.75, the Exchange Ratio shall be
  determined by dividing $18.18 by the Average Gold Banc Stock Price, with
  the Exchange Ratio being rounded to four decimal places;

        (iii) if the Average Gold Banc Stock Price is less than $11.00, the
  Exchange Ratio shall be $18.18 divided by $11.00;

       (iv) if the Average Gold Banc Stock Price is less than $10.00,
  American has the right to either renegotiate, within five business days
  following the Determination Date (as defined in the Agreement) or terminate
  the transaction.

   American will pay Gold upon demand a termination fee of $3,000,000 (three
million dollars) if this agreement is terminated pursuant to certain terms in
the Agreement.

   Fractional shares will be rounded to three decimal places pursuant to
Section 2.7(b) of the Agreement.

   The terms and conditions of the proposed transaction are described in
further detail in the Agreement. The Agreement is expected to be considered by
the shareholders of American at a shareholders meeting and the Merger
consummated shortly after the receipt of shareholder, state and federal
regulatory approvals.

   You have asked us whether, in our opinion, the Exchange Ratio is fair, from
a financial point of view, to the shareholders of American.

   In arriving at the opinion set forth below, we have, among other things:

  . reviewed the Agreement and the exhibits and schedules thereto;

  . reviewed the Annual Reports on Form 10-K for Gold for the years ended
    December 31, 1998 and 1997, and the Annual Report on Form 10-KSB for the
    year ended December 31, 1996;

  . reviewed the Annual Report on Form 10-K for American for the year ended
    December 31, 1998 and the Annual Reports on Form 10-KSB for American for
    the years ended December 31, 1997 and 1996;

                                      B-1
<PAGE>

  . reviewed the Quarterly Reports on Form 10-Q for American and Gold for the
    periods ended September 30, 1999, June 30, 1999 and March 31, 1999;

  . reviewed comparative financial and operating data on the banking industry
    and certain institutions which we deemed to be comparable to each of
    American and Gold individually;

  . reviewed the historical market prices and trading activity for the common
    stock of each of American and Gold relative to other publicly traded
    companies which we deemed to be comparable to each company;

  . reviewed the contribution of American and Gold to the new pro forma
    combined entity on the basis of a number of key financial categories in
    relation to pro forma ownership;

  . reviewed certain bank mergers and acquisitions on a state and regional
    basis for institutions which we deemed to be comparable to American and
    compared the proposed consideration with the consideration paid in such
    other mergers and acquisitions;

  . conducted limited discussions with members of senior management of each
    of American and Gold concerning the financial condition, business and
    prospects of each respective company;

  . reviewed this Proxy Statement-Prospectus; and

  . reviewed such other financial studies and analyses and performed such
    other investigations and took into account such other matters as we
    deemed necessary.

   We have assumed and relied upon the accuracy and completeness of all
financial and other information reviewed by us for purposes of this opinion,
and we have not independently verified such information nor have we undertaken
an independent evaluation of the assets and liabilities of American or Gold.
Further, our opinion assumes that the Merger will be consummated in accordance
with the terms of the Merger Agreement without material waiver or
modification. Advest has been retained by the Board of Directors of American
to act as financial advisor to American with respect to the Merger and will
receive a fee for its services including a fee for this opinion.

   Advest has served as lead managing underwriter for two separate offerings
of common stock and two offerings of trust preferred securities for Gold and,
from time to time, has provided strategic and advisory services to Gold in
relation to financial planning and acquisition analysis. Advest is not engaged
by Gold with respect to the Merger and will not receive any fee from Gold
thereby.

   This opinion is necessarily based upon circumstances and conditions as they
exist and can be evaluated by us as of the date of this letter. Our opinion is
directed to the Board of Directors of American and does not constitute a
recommendation of any kind to any shareholder of American as to how such
shareholder should vote at the shareholders' meeting to be held in connection
with the Merger. We have assumed for purposes of this opinion that there has
been no material change in the financial condition of either American or Gold
from that reflected in the Form 10-Q for the three and nine months ended
September 30, 1999 filed with the Securities and Exchange Commission for each
respective company.

   In reliance upon and subject to the foregoing, it is our opinion that, as
of the date hereof, the Exchange Ratio is fair, from a financial point of
view, to the shareholders of American.

                                          Very truly yours,

                                          Advest, Inc.

                                          By: _________________________________
                                                     Thomas G. Rudkin
                                                     Managing Director

                                      B-2
<PAGE>

                                                                     Appendix C

                   OPINION OF KEEFE, BRUYETTE & WOODS, INC.

December 6, 1999

Board of Directors
Gold Banc Corporation, Inc.
11301 Nall Avenue
Leawood, KS 66211

Members of the Board:

   You have requested our opinion as investment bankers as to the fairness,
from a financial point of view, to the shareholders of Gold Banc Corporation,
Inc. ("Gold Banc") of the exchange ratio in the proposed merger (the "Merger")
of Gold Banc with American Bancshares ("American Bancshares"), pursuant to the
Agreement and Plan of Merger dated as of September 6, 1999 between Gold Banc
and American Bancshares (the "Agreement"). Under the terms of the Merger, each
outstanding share of common stock of American Bancshares will, subject to
certain exceptions as set forth in the Agreement, be exchanged for 1.5309
shares of common stock of Gold Banc (the "Exchange Ratio"). It is our
understanding that the Merger will be accounted for as a pooling-of-interests
under generally accepted accounting principles.

   Keefe, Bruyette & Woods, Inc. as part of its investment banking business is
continually engaged in the valuation of banking businesses and their
securities in connection with mergers and acquisitions, negotiated
underwritings, competitive biddings, secondary distributions of listed and
unlisted securities, private placements and valuations for estate, corporate
and other purposes. As specialists in the securities of banking companies we
have experience in, and knowledge of, the valuation of banking enterprises. In
the ordinary course of our business as a broker-dealer, we may, from time to
time, purchase securities from, and sell securities to, Gold Banc and as a
market maker in securities we may from time to time have a long or short
position in, and buy or sell, debt or equity securities of Gold Banc for our
own account and for the accounts of our customers. To the extent we have any
such position as of the date of this opinion it has been disclosed to Gold
Banc. We have acted as a financial advisor to the Board of Directors of Gold
Banc in rendering this fairness opinion and will receive a fee from Gold Banc
for our services.

   In connection with this opinion, we have reviewed, among other things, the
Agreement; the Annual Reports to Stockholders of Gold Banc for the three years
ended December 31, 1998 and the three years ended December 31, 1998 for
American Bancshares; certain interim reports to stockholders and Quarterly
Reports on Form 10Q of American Bancshares and Gold Banc, and certain internal
financial analyses and forecasts for Gold Banc and American Bancshares
prepared by management. We also have held discussions with members of the
senior management of Gold Banc regarding the past and current business
operations, regulatory relationships, financial condition and future prospects
of Gold Banc as well as the results of their due diligence examination of
American Bancshares. In addition, we have compared certain financial and stock
market information for Gold Banc and American Bancshares with similar
information for certain other companies the securities of which are publicly
traded, reviewed the financial terms of certain recent business combinations
in the banking industry and performed such other studies and analyses as we
considered appropriate.

   In conducting our review and arriving at our opinion, we have relied upon
and assumed the accuracy and completeness of all of the financial and other
information provided to us or publicly available and we have not assumed any
responsibility for independently verifying any of such information. We have
relied upon the management of Gold Banc as to the reasonableness and
achievability of the financial and operating forecasts and projections (and
the assumptions and bases therefor) provided to us, and we have assumed that
such forecasts and projections reflect the best currently available estimates
and judgments of Gold Banc and that such forecasts

                                      C-1
<PAGE>

and projections will be realized in the amounts and in the time periods
currently estimated by such management. We have also assumed that the
aggregate allowances for loan losses for Gold Banc and American Bancshares are
adequate to cover such losses. In rendering our opinion, we have not made or
obtained any evaluations or appraisals of the property of Gold Banc or
American Bancshares, nor have we examined any individual credit files.

   We have considered such financial and other factors as we have deemed
appropriate under the circumstances, including among others the following: (i)
the historical and current financial position and results of operations of
Gold Banc and American Bancshares; (ii) the assets and liabilities of Gold
Banc and American Bancshares; and (iii) the nature and terms of certain other
merger transactions involving banks and bank holding companies. We have also
taken into account our assessment of general economic, market and financial
conditions and our experience in other transactions, as well as our experience
in securities valuation and our knowledge of the banking industry generally.
Our opinion is necessarily based upon conditions as they exist and can be
evaluated on the date hereof and the information made available to us through
the date hereof.

   Based upon and subject to the foregoing, it is our opinion that, as of the
date hereof, the Exchange Ratio in the Merger is fair, from a financial point
of view, to the common stockholders of Gold Banc.

                                          Very truly yours,

                                               /s/ Keefe, Bruyette & Woods,
                                                         Inc.
                                          -------------------------------------
                                               KEEFE, BRUYETTE & WOODS, INC.

                                      C-2
<PAGE>

                                    PART II

                    INFORMATION NOT REQUIRED IN PROSPECTUS

Item 20. Indemnification of Directors and Officers

   The following summary is qualified in its entirety by reference to the
complete text of the statute referred to below and the Restated Articles of
Incorporation, as amended, and Amended and Restated Bylaws of Gold Banc
Corporation, Inc. (the "Registrant").

   Under Section 17-6305 of the Kansas General Corporation Code (the "Kansas
Code"), a corporation may indemnify a director, officer, employee or agent of
the corporation (or other entity if such person is serving in such capacity at
the corporation's request) against expenses (including attorneys' fees),
judgments, fines and amounts paid in settlement actually and reasonably
incurred by him if he acted in good faith and in a manner he reasonably
believed to be in, or not opposed to, the best interests of the corporation
and, with respect to any criminal action or proceeding, had no reasonable
cause to believe his conduct was unlawful. In the case of an action brought by
or in the right of a corporation, the corporation may indemnify a director,
officer, employee or agent of the corporation (or other entity if such person
is serving in such capacity at the corporation's request) against expenses
(including attorneys' fees) actually and reasonably incurred by him if he
acted in good faith and in a manner he reasonably believed to be in, or not
opposed to, the best interests of the corporation, except that no
indemnification shall be made in respect of any claim, issue or matter as to
which such person shall have been adjudged to be liable to the corporation
unless a court determines that, despite the adjudication of liability but in
view of all the circumstances of the case, such person is fairly and
reasonably entitled to indemnification for such expenses as the court shall
deem proper. Expenses (including attorneys' fees) incurred by an officer of
director in defending any civil or criminal suit or proceeding may be paid by
the corporation in advance of the final disposition of such action, suit or
proceeding upon receipt of an undertaking by or one half of such director or
officer to repay such amount if it shall ultimately be determined that he is
not entitled to be indemnified by the corporation.

   Consistent with Section 17-6305 of the Kansas Code, Article VI, Section 1
of the Amended and Restated Bylaws of the Registrant provide that the
Registrant will indemnify its directors, advisory directors and officers
against expenses, judgments, fines and amounts paid in settlement in
connection with any action, suit or proceeding to the fullest extent permitted
by the Kansas Code. With respect to a criminal action or proceeding, the
director or officer must also have had no reasonable cause to believe his
conduct was unlawful.

   Article Nine of the Registrant's Restated Articles of Incorporation
provides that no director or advisory director shall be liable to the
Registrant or its stockholders for monetary damages for breaches of fiduciary
duty as a director except to the extent such exemption from liability or
limitation thereof is not permitted under the Kansas Code. Section 17-
6002(b)(8) of the Kansas Code does not permit the exemption from or limitation
of liability for (i) breaches of their duty of loyalty to the Registrant or
its stockholders, (ii) acts or omissions not in good faith or which involve
intentional misconduct or knowing violations of law, (iii) certain
transactions under Section 17-6424 of the Kansas Code (unlawful payment of
dividends) or (iv) transactions from which a director derives an improper
personal benefit.

   Under VI, Section 4 of the Amended and Restated Bylaws of the Registrant,
the Registrant may purchase and maintain insurance on behalf of any person who
is or was a director, advisory director, officer, employee, fiduciary or agent
of another corporation, partnership, joint venture, trust or other enterprise
against any liability arising out of his status as such, whether or not the
Registrant would have the Registrant would have the power to indemnify such
persons against liability. The Registrant carries standard directors and
officers liability coverage for its directors and officers and the directors
and officers of its subsidiaries. Subject to certain limitations and
exclusion, the policies reimburse the Registrant for liability indemnified
under the Amended and Restated Bylaws and indemnify the directors and officers
against additional liabilities not indemnified under the Amended and Restated
Bylaws.


                                     II-1
<PAGE>

Item 21(a). Exhibits

   The following exhibits are filed herewith or incorporated herein by
reference.

<TABLE>
<CAPTION>
     Exhibit
     Number
     -------
     <C>     <S>
      2.1    Agreement and Plan of Reorganization dated September 6, 1999,
             among the Registrant, Gold Banc Acquisition Corporation XI, Inc.,
             and American Bancshares, Inc. (Included as Appendix A to the
             Prospectus).

      3.1    Restated Articles of Incorporation of the Registrant. (Previously
             filed as an Exhibit to the Registrant's Registration Statement on
             Form SB-2 No. 333-12377 and the same is incorporated herein by
             reference.)

      3.2    Certificate of Amendment to Restated Articles of Incorporation.
             (Previously filed as an Exhibit to the Registrant's Registration
             Statement on Form S-4 No. 333-28563 and the same is incorporated
             herein by reference.)

      3.3    Amended and Restated Bylaws of the Registrant. (Previously filed
             as an Exhibit to the Registrant's Registration Statement on Form
             S-4 No. 333-91559 and the same is incorporated herein by
             reference.)

      4.1    Form of Common Stock Certificate. (Previously filed as an Exhibit
             to the Registrant's Registration Statement on Form SB-2 No. 333-
             12377 and the same is incorporated herein by reference.)

      4.2    Rights Agreement dated October 13, 1999, between the Registrant
             and American Stock Transfer and Trust Registrant, as Rights Agent.
             (Previously filed as an Exhibit to the Registrant's Current Report
             on Form 8-K filed October 15, 1999 and the same is incorporated
             herein by reference.)

      5.1    Opinion of Stinson, Mag & Fizzell, P.C.

      8.1    Opinion of Stinson, Mag & Fizzell, P.C..

      9.1    Proxy Agreement/Stockholder Agreement between Michael W. Gullion
             and William Wallman, dated as of September 15, 1996. (Previously
             filed as an Exhibit to the Registrant's Registration Statement on
             Form SB-2 No. 333-12377 and the same is incorporated herein by
             reference.)

      9.2    Proxy Agreement/Stockholder Agreement between Michael W. Gullion,
             William F. Wright, and Allen D. Petersen dated as of September 15,
             1996. (Previously filed as an Exhibit to the Registrant's
             Registration Statement on Form SB-2 No. 333-12377 and the same is
             incorporated herein by reference.)

      9.3    Accession of The Lifeboat Foundation to the Proxy
             Agreement/Stockholder Agreement among Michael W. Gullion, William
             F. Wright, and Allen D. Petersen, dated May 28, 1997. (Previously
             filed as an Exhibit to the Registrant's Registration Statement on
             Form SB-2 No. 333-39849 and the same is incorporated herein by
             reference.)

     10.1    Employment Agreement between the Registrant and Michael W.
             Gullion. (Previously filed as an Exhibit to the Registrant's
             Registration Statement on Form SB-2 No. 333-12377 and the same is
             incorporated herein by reference.)

     10.2    Employment Agreement between the Registrant and Keith E. Bouchey.
             (Previously filed as an Exhibit to the Registrant's Registration
             Statement on Form SB-2 No. 333-12377 and the same is incorporated
             herein by reference.)

     10.3    Employment Agreement between the Registrant and Joseph F. Smith.
             (Previously filed as an Exhibit to the Registrant's Annual Report
             on Form 10-K filed March 31, 1999 for the year ended December 31,
             1998 and the same is incorporated herein by reference.)
</TABLE>


                                      II-2
<PAGE>

<TABLE>
     <C>   <S>
     10.4  Employment Agreement between the Registrant and Malcolm M. Aslin.
           (Previously filed as an Exhibit to the Registrant's Annual Report on
           Form 10-K filed March 31, 1999 for the year ended December 31, 1998
           and the same is incorporated herein by reference.)

     10.5  Gold Banc Corporation, Inc. 1996 Equity Compensation Plan.
           (Previously filed as an Exhibit to the Registrant's Registration
           Statement on Form SB-2 No. 333-12377 and the same is incorporated
           herein by reference.)

     10.6  Form of Tax Sharing Agreements between the Registrant and the
           Registrant Subsidiaries. (Previously filed as an Exhibit to the
           Registrant's Registration Statement on Form SB-2 No. 333-12377 and
           the same is incorporated herein by reference.)

     10.7  Form of Federal Home Loan Bank Credit Agreement to which each of the
           Registrant's banking subsidiaries is a party. (Previously filed as
           an Exhibit to the Registrant's Registration Statement on Form SB-2
           No. 333-12377 and the same is incorporated herein by reference.)

     10.8  Form of Junior Subordinated Indenture dated as of December 15, 1997
           between the Registrant and Banker's Trust Company as Trustee.
           (Previously filed as an Exhibit to the Registrant's Registration
           Statement on Form SB-2 No. 333-39849 and the same is incorporated
           herein by reference.)

     10.9  Form of Trust Agreement dated as of December 15, 1997 between the
           Registrant and Banker's Trust (Delaware) as Trustee. (Previously
           filed as an Exhibit to the Registrant's Registration Statement on
           Form SB-2 No. 333-39849 and the same is incorporated herein by
           reference.)

     10.10 Form of Amended and Restated Trust Agreement among the Registrant,
           Banker's Trust Company, as Property Trustee, Banker's Trust
           (Delaware), as Delaware Trustee and various holders of Trust
           Securities. (Previously filed as an Exhibit to the Registrant's
           Registration Statement on Form SB-2 No. 333-39849 and the same is
           incorporated herein by reference.)

     10.11 Form of Guaranty Agreement between the Registrant, as Guarantor, and
           Banker's Trust Company, as Trustee, dated as of December 15, 1997.
           (Previously filed as an Exhibit to the Registrant's Registration
           Statement on Form SB-2 No. 333-39849 and the same is incorporated
           herein by reference.)

     10.12 Voting Agreement, dated August 9, 1999, among Gold Banc Corporation,
           Inc., Charles R. Harrison, Herman J. Zueck, Bruce E. Hall, Bruce E.
           Hall, trustee of the Colleen M. Thompson Irrevocable Trust, dated
           June 7, 1999, and Bruce E. Hall, trustee of the Andrea M. Harrison
           Irrevocable Trust, dated June 7, 1999. (Previously filed as an
           Exhibit to the Registrant's Current Report on Form 8-K filed August
           24, 1999 and the same is incorporated herein by reference.)

     10.13 Agreement and Plan of Reorganization, dated August 9, 1999, among
           Gold Banc Corporation, Inc., Gold Banc Acquisition Corporation VIII,
           Inc., and Union Bankshares, Ltd. (Previously filed as an Exhibit to
           the Registrant's Registration Statement on Form S-4 No. 333-91559
           and the same is incorporated herein by reference.)

     10.14 Voting Agreement, dated September 6, 1999, among Gold Banc
           Corporation, Inc., J. Gary Russ, Ronald L. Larson, Timothy I.
           Miller, Dan E. Molter, Kirk D. Moudy, Lynn B. Powell, III, Walter L.
           Presha, R. Jay Taylor and Edward D. Wyke. (Previously filed as an
           Exhibit to the Registrant's Current Report on Form 8-K filed
           September 9, 1999 and the same is incorporated herein by reference.)

     10.15 Agreement and Plan of Reorganization, dated October 22, 1999, among
           Gold Banc Corporation, Inc., Gold Banc Acquisition Corporation XII,
           Inc., and CountryBanc Holding Company. (Previously filed as an
           Exhibit to the Registrant's Current Report on Form 8-K filed October
           29, 1999 and the same is incorporated herein by reference.)
</TABLE>


                                      II-3
<PAGE>

<TABLE>
     <C>   <S>
     10.16 Agreement and Plan of Reorganization, dated October 19, 1999,
           between Gold Banc Corporation, Inc. and First Business Bancshares of
           Kansas City, Inc., together with the Bank Merger Agreement attached
           thereto as Exhibit A. (Previously filed as an Exhibit to the
           Registrant's Current Report on Form 8-K filed October 29, 1999 and
           the same is incorporated herein by reference.)

     21.1  List of Subsidiaries of the Registrant. (Previously filed as an
           Exhibit to the Registrant's Registration Statement on Form S-4 No.
           333-91559 and the same is incorporated herein by reference.)

     23.1  Consent of KPMG LLP.

     23.2  Consent of Baird, Kurtz & Dobson.

     23.3  Consent of Baird, Kurtz & Dobson.

     23.4  Consent of Arthur Andersen LLP.

     23.5  Consent of PricewaterhouseCoopers LLP

     23.6  Consent of Keefe, Bruyette & Woods, Inc.

     23.7  Consent of Advest, Inc.

     23.8  Consent of Stinson, Mag & Fizzell, P.C. (included in Exhibits 5.1
           and 8.1).

     24.1  Powers of Attorney (included in signature page to registration
           statement).

     99.1  Form of Proxy of American Bancshares, Inc.*
</TABLE>
- --------
*To be filed by amendment.

Item 21(b). Financial Statement Schedules

   Schedules are omitted because they either are not required or are not
applicable or because equivalent information has been included in the
financial statements, the notes thereto or elsewhere herein.

Item 22. Undertakings

   The undersigned registrant hereby undertakes:

     (1) That, for purposes of determining any liability under the Securities
  Act of 1933, each filing of the registrant's annual report pursuant to
  Section 13(a) or Section 15(d) of the Securities Exchange Act of 1934 (and,
  where applicable, each filing of an employee benefit plan's annual report
  pursuant to Section 15(d) of the Securities Exchange Act of 1934) that is
  incorporated by reference in the registration statement shall be deemed to
  be a new registration statement relating to the securities offered therein,
  and the offering of such securities at that time shall be deemed to be the
  initial bona fide offering thereof.

     (2) That, prior to any public reoffering of the securities registered
  hereunder through use of a prospectus which is a part of this registration
  statement, by any person or party who is deemed to be an underwriter within
  the meaning of Rule 145(c), the issuer undertakes that such reoffering
  prospectus will contain the information called for by the applicable
  registration form with respect to reofferings by persons who may be deemed
  underwriters, in addition to the information called for by the other Items
  of the applicable form.

     (3) That, every prospectus (i) that is filed pursuant to paragraph (2)
  immediately preceding, or (ii) that purports to meet the requirements of
  section 10(a)(3) of the Act and is used in connection with an offering of
  securities subject to Rule 415 (section 230.415 of this chapter), will be
  filed as part of an amendment of the registration statement and will not be
  used until such amendment is effective, and that, for purposes of
  determining any liability under the Securities Act of 1933, each such post-
  effective amendment shall be deemed to be a new registration statement
  relating to the securities offered therein, and the offering of such
  securities at that time shall be deemed to be the initial bona fide
  offering thereof.

                                     II-4
<PAGE>

     (4) To respond to requests for information that is incorporated by
  reference into the prospectus pursuant to Items 4, 10(b), 11 or 13 of this
  Form, within one business day of receipt of such request, and to send the
  incorporated documents by first class mail or other equally prompt means.
  This includes information contained in documents filed subsequent to the
  effective date of the Registration Statement through the date of responding
  to the request.

     (5) To supply by means of a post-effective amendment all information
  concerning a transaction, and the company being acquired involved therein,
  that was not the subject of and included in the registration statement when
  it became effective.

   Insofar as indemnification for liabilities arising under the Securities Act
of 1933 may be permitted to directors, officers and controlling persons of the
registrant pursuant to the foregoing provisions, or otherwise, the registrant
has been advised that in the opinion of the Securities and Exchange Commission
such indemnification is against public policy as expressed in the Act and is
therefore unenforceable. In the event that a claim for indemnification against
such liabilities (other than the payment by the registrant of expenses
incurred or paid by a director, officer or controlling person of registrant in
the successful defense of any action, suit or proceeding) is asserted by such
director, officer or controlling person in connection with securities being
registered, the registrant will, unless in the opinion of its counsel the
matter has been settled by controlling precedent, submit to a court of
appropriate jurisdiction the question of whether such indemnification by it is
against public policy as expressed in the Act and will be governed by the
final adjudication of such issue.

                                     II-5
<PAGE>

                                  SIGNATURES

   Pursuant to the requirements of the Securities Act of 1933, the Registrant
has duly caused this registration statement to be signed on its behalf by the
undersigned, thereunto duly authorized in the City of Leawood, Kansas on
December 15, 1999.

                                          Gold Banc Corporation, Inc.
                                          (Registrant)

                                                /s/ Michael W. Gullion
                                          By___________________________________
                                                    Michael W. Gullion
                                                  Chief Executive Officer

   Know all men by these presents, that we, the undersigned directors of Gold
Banc Corporation, Inc., hereby severally constitute Michael W. Gullion and J.
Craig Peterson, and each of them singly, our true and lawful attorneys with
full power to them, and each of them singly, to sign for us and in our names
in the capacities indicated below, the registration statement filed herewith
and any and all amendments to said registration statement, and generally to do
all such things in our names and in our capacities as directors to enable Gold
Banc Corporation, Inc. to comply with the provisions of the Securities Act of
1933, and all requirements of the Securities and Exchange Commission, hereby
ratifying and confirming our signature as they may be signed by our said
attorneys, or any of them, to said registration statement and any and all
amendments thereto.

   Pursuant to the requirements of the Securities Act of 1933, this
registration statement has been signed below by the following persons in the
capacities and on the dates indicated:

<TABLE>
<CAPTION>
             Signature                           Title                    Date
             ---------                           -----                    ----


<S>                                  <C>                           <C>
     /s/ Michael W. Gullion          Chairman of the Board, and    December 15, 1999
____________________________________  Chief
         Michael W. Gullion           Executive Officer
                                      (Principal Executive
                                      Officer)

      /s/ Malcolm M. Aslin           Director, President, and      December 15, 1999
____________________________________  Chief Operating Officer
          Malcolm M. Aslin

      /s/ Keith E. Bouchey           Director, Executive Vice      December 15, 1999
____________________________________  President, and Corporate
          Keith E. Bouchey            Secretary

       /s/ Craig Peterson            Chief Financial Officer       December 15, 1999
____________________________________  (Principal Financial
           Craig Peterson             Officer)

     /s/ Brian J. Ruisinger          Treasurer and Controller      December 15, 1999
____________________________________  (Principal Accounting
         Brian J. Ruisinger           Officer)

      /s/ William Wallman            Director                      December 15, 1999
____________________________________
          William Wallman

   /s/ William F. Hagman, Jr.        Director                      December 15, 1999
____________________________________
       William F. Hagman, Jr.

     /s/ William F. Wright           Director                      December 15, 1999
____________________________________
         William F. Wright

     /s/ Allen D. Petersen           Director                      December 15, 1999
____________________________________
         Allen D. Petersen
</TABLE>

                                     II-6

<PAGE>

                                                                     Exhibit 5.1


                    Opinion of Stinson, Mag & Fizzell, P.C.

                               December 15, 1999


Gold Banc Corporation, Inc.
11301 Nall Avenue
Leawood, Kansas 66211

Ladies and Gentlemen:

     We have acted as counsel to Gold Banc Corporation, Inc., a Kansas
corporation ("Gold Banc"), in connection with the transactions contemplated by
the Agreement and Plan of Reorganization, dated as of September 6, 1999 (the
"Agreement"), by and among Gold Banc, Gold Banc Acquisition Corporation XI, Inc.
("Acquisition Subsidiary") and American Bancshares, Inc. (the "Company").

     Pursuant to the Agreement, the Company will be merged with and into
Acquisition Subsidiary, with Acquisition Subsidiary being the surviving
corporation (the "Merger"). In the Merger, the outstanding shares of common
stock, par value $1.175 per share, of the Company, other than any shares owned
by Gold Banc, Acquisition Subsidiary or the Company (which shares will be
canceled), will be exchanged for fully paid and nonassessable shares of common
stock, par value $1.00 per share, of Gold Banc (the "Gold Banc Common Stock").

     In connection with the transactions contemplated by the Agreement, Gold
Banc will file with the Securities and Exchange Commission (the "Commission") a
Registration Statement on Form S-4 (the "Registration Statement") relating to
the registration under the Securities Act of 1933, as amended (the "Securities
Act"), of the shares of Gold Banc Common Stock to be issued in the Merger. This
opinion is being furnished in accordance with the requirements of Item 601(b)(5)
of Regulation S-K under the Securities Act.

     In connection with this opinion, we have examined and are familiar with
originals or copies, certified or otherwise identified to our satisfaction, of
(i) the Registration Statement, (ii) the Articles of Incorporation and Bylaws of
Gold Banc, (iii) the Agreement, and (iv) resolutions of the Board of Directors
of Gold Banc relating to the Merger. We have also examined originals or copies,
certified or otherwise identified to our satisfaction, of such documents as we
have deemed necessary or appropriate as a basis for the opinions set forth
herein. In addition, we have assumed that the Merger will be consummated in the
manner contemplated by the Registration Statement and in accordance with the
provisions of the Agreement.

     In our examination, we have assumed the legal capacity of all natural
persons, the genuineness of all signatures, the completeness and authenticity of
all documents submitted to us as originals, the conformity to original documents
of all documents submitted to us as certified or photostatic copies and the
completeness and authenticity of the originals of such latter documents. In
making our examination of documents executed by parties other than Gold Banc,

<PAGE>

Gold Banc Corporation
December 15, 1999
Page 2


we have assumed that such parties had the power and authority to enter into and
perform their obligations thereunder and have also assumed the due
authorization, execution and delivery by such parties of such documents. As to
any facts material to the opinion expressed herein which were not independently
established or verified, we have relied upon oral or written statements and
representations of officers of Gold Banc and others.

     Based upon and subject to the foregoing, we are of the opinion that the
shares of Gold Banc Common Stock, when issued upon the consummation of the
Merger in accordance with the terms of the Agreement and as set forth in the
Registration Statement, will be validly issued, fully paid and nonassessable.

     Members of our firm are admitted to the Bar in the State of Kansas, and we
do not express any opinion as to the laws of any other jurisdiction.

     We hereby consent to the filing of this opinion with the Commission as an
exhibit to the Registration Statement and the reference to our firm under the
heading "Legal Matters" in the related Joint Proxy Statement/Prospectus which
forms a part of the Registration Statement. In giving such consent we do not
thereby admit or imply that we are in the category of persons whose consent is
required under Section 7 of the Securities Act or the rules and regulations of
the Commission thereunder.



                                       Very truly yours,

                                       /s/ STINSON, MAG & FIZZELL, P.C.


<PAGE>

                                                                     Exhibit 8.1

                    Opinion of Stinson, Mag & Fizzell, P.C.

                               December 15, 1999

Gold Banc Corporation, Inc.
11301 Nall Avenue
Leawood, Kansas 66211

Ladies and Gentlemen:

     We have acted as counsel to Gold Banc Corporation, Inc., a Kansas
corporation ("Gold Banc"), in connection with the transactions contemplated by
the Agreement and Plan of Reorganization, dated as of September 6, 1999 (the
"Agreement"), by and among Gold Banc, Gold Banc Acquisition Corporation XI, Inc.
("Acquisition Subsidiary") and American Bancshares, Inc. (the "Company").

     Pursuant to the Agreement, the Company will be merged with and into
Acquisition Subsidiary, with Acquisition Subsidiary being the surviving
corporation (the "Merger"). In the Merger, the outstanding shares of common
stock, par value $1.175 per share, of the Company, other than any shares owned
by the Company or any subsidiary of the Company (which shares will be canceled),
will be exchanged for fully paid and nonassessable shares of common stock, par
value $1.00 per share, of Gold Banc (the "Gold Banc Common Stock").

     In connection with the transactions contemplated by the Agreement, Gold
Banc will file with the Securities and Exchange Commission (the "Commission") a
Registration Statement on Form S-4 (the "Registration Statement") relating to
the registration under the Securities Act of 1933, as amended (the "Securities
Act"), of the shares of Gold Banc Common Stock to be issued in the Merger. This
opinion is being furnished in accordance with the requirements of Item 601(b)(8)
of Regulation S-K under the Securities Act.

     In connection with this opinion, we have examined and are familiar with
originals or copies, certified or otherwise identified to our satisfaction, of
(i) the Registration Statement, (ii) the Articles of Incorporation and Bylaws of
Gold Banc, (iii) the Agreement, and (iv) resolutions of the Board of Directors
of Gold Banc relating to the Merger. We have also examined originals or copies,
certified or otherwise identified to our satisfaction, of such documents as we
have deemed necessary or appropriate as a basis for the opinions set forth
herein. In addition, we have assumed that the Merger will be consummated in the
manner contemplated by the Registration Statement and in accordance with the
provisions of the Agreement. We have also assumed that the shares of Company
common stock are held as capital assets by the stockholders of the Company.

     In our examination, we have assumed the legal capacity of all natural
persons, the genuineness of all signatures, the completeness and authenticity of
all documents submitted to us as originals, the conformity to original documents
of all documents submitted to us as certified or photostatic copies and the
completeness and authenticity of the originals of such latter

<PAGE>


Gold Banc Corporation, Inc.
December 15, 1999
Page 2


documents. In making our examination of documents executed by parties other than
Gold Banc, we have assumed that such parties had the power and authority to
enter into and perform their obligations thereunder and have also assumed the
due authorization, execution and delivery by such parties of such documents. As
to any facts material to the opinion expressed herein which were not
independently established or verified, we have relied upon oral or written
statements and representations of officers of Gold Banc and others.

     Based upon and subject to the foregoing and subject to the qualifications
and exceptions heretofore and hereinafter set forth, we are of the opinion that:

     1.   The Merger of the Company with and into Acquisition Subsidiary will
          constitute a reorganization within the meaning of sections
          368(a)(1)(A) and (a)(2)(D) of the Internal Revenue Code.

     2.   No gain or loss will be recognized by the stockholders of the Company
          who exchange all of their Company common stock solely for Gold Banc
          Common Stock pursuant to the Merger. Gain or loss may be recognized by
          stockholders of the Company with respect to cash received in lieu of a
          fractional share interest in Gold Banc Common Stock.

     3.   The tax basis of Gold Banc Common Stock received by the stockholders
          of the Company in the Merger will equal the tax basis of the Company
          common stock exchanged therefor, adjusted to reflect the impact of the
          payments of cash for fractional share interests in Gold Banc Common
          Stock.

     4.   The holding period of Gold Banc Common Stock received by the
          stockholders of the Company in the Merger will include the holding
          period of the Company common stock exchanged therefor.

     Our opinion is limited to the federal income tax matters described above
and does not address any other federal income tax considerations or any state,
local, foreign, or other tax considerations.

     If any of the information on which we have relied is incorrect, or if
changes in the relevant facts occur after the date hereof, our opinion could be
affected thereby. Moreover, our opinion is based on the Internal Revenue Code of
1986, as amended, applicable Treasury regulations promulgated thereunder, and
Internal Revenue Service rulings, procedures, and other pronouncements,
published by the United States Internal Revenue Service. These authorities are
all subject to change, and such change may be made with retroactive effect. We
can give no assurance that, after such change, our opinion would not be
different. This opinion is not binding on the Internal Revenue Service, and
there can be no assurance, and none is hereby given, that the Internal Revenue
Service will not take a position contrary to one or more of the

<PAGE>

Gold Banc Corporation, Inc.
December 15, 1999
Page 3


positions reflected in the foregoing opinion, or that our opinion will be upheld
by the courts if challenged by the Internal Revenue Service.

     We hereby consent to the filing of this opinion with the Commission as an
exhibit to the Registration Statement, the reference to this opinion under the
heading "Federal Income Tax Consequences" in the Registration Statement and the
reference to our firm under the heading "Legal Matters" in the related Joint
Proxy Statement/Prospectus which forms a part of the Registration Statement. In
giving such consent we do not thereby admit or imply that we are in the category
of persons whose consent is required under Section 7 of the Securities Act or
the rules and regulations of the Commission thereunder.



                                       Very truly yours,

                                       /s/ STINSON, MAG & FIZZELL, P.C.


<PAGE>

                                                                    Exhibit 23.1


                              ACCOUNTANTS' CONSENT

Board of Directors
Gold Banc Corporation, Inc.

We consent to the use of our report incorporated herein by reference and to the
reference to our firm under the heading "Experts" in this Registration Statement
filed on Form S-4.

/s/KPMG LLP

Kansas City, Missouri
December 15, 1999


<PAGE>

                                                                    Exhibit 23.2



               CONSENT OF INDEPENDENT CERTIFIED PUBLIC ACCOUNTANT



We consent to the incorporation by reference in this Registration Statement on
Form S-4 of our report dated January 20, 1999 which appears on page F-1 of the
annual report on Form 10-K of Union Bankshares, Ltd. for the year ended December
31, 1998 and to the reference to our Firm under the caption "Experts" in the
Prospectus.



                                                      /s/ BAIRD, KURTZ & DOBSON
                                                      -------------------------


Denver , Colorado
December 14, 1999



<PAGE>

                                                                    Exhibit 23.3


                              ACCOUNTANTS' CONSENT


We consent to the use of our reports dated January 29, 1999 and January 23,
1998, incorporated by reference in this Form S-4 with respect to the
consolidated financial statements of First Business Bancshares of Kansas City,
Inc. for the years ended December 31, 1998, 1997 and 1996.  We also consent to
the reference to our firm under the caption "Experts".


                                             /s/ BAIRD, KURTZ & DOBSON


Kansas City, Missouri
December 15, 1999





<PAGE>

                                                                    Exhibit 23.4


                   CONSENT OF INDEPENDENT PUBLIC ACCOUNTANTS


As independent public accountants, we hereby consent to the incorporation by
reference in this registration statement of our reports dated April 2, 1999 and
February 13, 1998, included in Gold Banc Corporation Inc.'s Form 8-K dated
November 19, 1999 and to all references to our Firm included in this
registration statement.

                                          /s/ ARTHUR ANDERSEN LLP
                                          --------------------------

Oklahoma City, Oklahoma
December 15, 1999

<PAGE>

                                                                    Exhibit 23.5


              CONSENT OF INDEPENDENT CERTIFIED PUBLIC ACCOUNTANTS


We hereby consent to the use in this Registration Statement on Form S-4 of Gold
Banc Corporation, Inc. of our report dated February 13, 1999 relating to the
financial statements of American Bancshares, Inc., which appears in such
Registration Statement.  We also consent to the reference to us under the
heading "Experts" in such Registration Statement.


/s/ PricewaterhouseCoopers LLP

Tampa, Florida
December 15, 1999

<PAGE>

                                                                    Exhibit 23.6


                    CONSENT OF KEEFE, BRUYETTE & WOODS, INC.


We hereby consent to the inclusion in the Registration Statement on Form S-4 of
Gold Banc Corporation, Inc. ("Gold Banc") relating to the proposed merger of
American Bancshares, Inc. ("American") into Gold Banc, of our opinion letter,
dated December 6, 1999, appearing as Appendix B to the Proxy Statement/
Prospectus which is part of the Registration Statement, and to the reference of
our firm name therein. In giving such consent, we do not thereby admit that we
come within the category of person whose consent is required under Section 7 or
Section 11 of the Securities Act of 1933, as amended, or the rules and
regulations adopted by the Securities and Exchange Commission thereunder, nor do
we admit that we are experts with respect to any part of such Registration
Statement within the meaning of the term "experts" as used in the Securities Act
of 1933, as amended, or the rules and regulations of the Securities and Exchange
Commission thereunder.

Very truly yours,

/s/ Keefe, Bruyette & Woods, Inc.

New York, New York
December 15, 1999

<PAGE>


                                                                    Exhibit 23.7

                           CONSENT OF ADVEST, INC.

We hereby consent to the inclusion in the Registration Statement on Form S-4 of
Gold Banc Corporation, Inc. ("Gold Banc") relating to the proposed merger of
American Bancshares, Inc. ("American") into Gold Banc, of our form of opinion,
appearing as Appendix B to the Proxy Statement/Prospectus which is part of the
Registration Statement, and to the reference of our firm name therein. In giving
such consent, we do not thereby admit that we come within the category of
persons whose consent is required under Section 7 or Section 11 of the
Securities Act of 1933, as amended, or the rules and regulations adopted by the
Securities and Exchange Commission thereunder, nor do we admit that we are
experts with respect to any part of such Registration Statement within the
meaning of the term "experts" as used in the Securities Act of 1933, as amended,
or the rules and regulations of the Securities and Exchange Commission
thereunder.

                                       Very truly yours,


                                       ADVEST, INC.
                                       By:
                                          ----------------------
                                          Thomas G. Rudham
                                          Managing Director



New York, New York
December 15, 1999


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