FOR MORE INFORMATION FOR IMMEDIATE RELEASE
Contact: Clement B. Knapp, Jr.
President
(219) 836-5870
August 2, 2000
AMB FINANCIAL CORP.
ANNOUNCES CLARIFICATION OF CASH DIVIDEND
MUNSTER, INDIANA - AMB Financial Corp. (NASDAQ: Small Cap Market: AMFC) (the
"Company"), the parent holding company for American Savings, FSB, today
announced a clarification of its recently announced increase in the quarterly
cash dividend. On July 28, 2000, the Company announced that it would increase
its quarterly cash dividend by 12.5% to $.06 per share on a post split basis
from $.0533 per share. The cash dividend is to be paid on August 25, 2000 to
shareholders of record on August 11, 2000.
It appears that several wire services have issued the dividend notice release in
error, stating that the increase in the quarterly cash dividend would be $.06
per share, indicating a quarterly dividend at a rate of $.1133 per share. Please
disregard any notice either in print or electronic media indicating that the
quarterly increase was $.06 per share. The new quarterly rate is set at $.06 per
share. The Company apologizes for any inconvenience that this may have caused.
American Savings, FSB is a federally chartered stock savings bank serving Lake
County Indiana through three retail offices located in Dyer, Hammond and
Munster. As of June 30, 2000, the Company had assets of $132.4 million and
stockholders' equity of $11.0 million.
