FORM 10-Q QUARTERLY REPORT UNDER SECTION 13 OR 15 (d)
OF THE SECURITIES AND EXCHANGE ACT OF 1934

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C.  20549

FORM 10-Q

[X] Quarterly Report Pursuant to Section 13 or 15(d) of the Securities
Exchange Act of 1934.

For the period ended: September 30, 1995 

Commission File Number: 0-5893

American Bancorporation
(Exact name of registrant as specified in its charter)

Ohio                                          31-0724349 
(State or other jurisdiction of             (I.R.S. Employer   
Incorporation or organization)             Identification No.)

1025 Main Street, Suite 800, Wheeling, WV                 26003
(Address of principal executive offices)                (Zip Code) 

(304) 233-5006
(Registrant's telephone number, including area code)

Indicate by check mark whether the registrant (1) has filed all reports 
required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 
1934 during the preceding 12 months (or for such shorter period that the 
registrant was required to file such reports), and (2) has been subject to 
such filing requirements for the past 90 days.

Yes  X   No

Indicate the number of shares outstanding of each of the issuer's classes of 
common stock, as of the latest practicable date.

October 6, 1995: 1,564,837 shares of Common stock without par value

Number of pages comprising this report:  12  


TABLE OF CONTENTS

Part I     FINANCIAL INFORMATION
Item  1    Financial Statements
              Condensed Consolidated Balance Sheet               3  
              Condensed Consolidated Statement of Operations     4
              Condensed Consolidated Statement of Cash Flows     5
              Condensed Consolidated Statement of 
                        Changes in Stockholders' Equity          6
            Notes to the Financial Statements                    6
Item  2     Management's Discussion and Analysis of Financial
               Condition and Results of Operations               7


Part II    OTHER INFORMATION
Item  1      Legal Proceedings                                None
Item  2      Changes in Securities                            None
Item  3      Defaults Upon Senior Securities                  None
Item  4      Submission of Matters to a
                Vote of Security Holders                      None
Item  5      Other Information                                None
Item  6      Exhibits and Reports on Form 8-K                 None

SIGNATURES                                                      12


 
American Bancorporation and Subsidiaries

CONSOLIDATED BALANCE SHEET
                                              September 30,     December 31,
                                            1995        1994       1994     
ASSETS
Cash and due from banks               $ 10,869,474  $ 11,380,472  $ 10,704,396
Interest-earning deposits and 
   Federal funds sold                    5,477,297    10,504,000     3,924,000
Securities available for sale            4,593,631     3,314,600     3,484,431
Investment securities                   67,529,717    81,121,986    78,189,252

Loans, net of unearned income          244,937,335   172,970,130   228,865,744
  Less allowance for loan losses         3,910,783     3,454,328     3,736,994
                                       241,026,552   169,515,802   225,128,750
Premises and equipment - net             8,882,023     7,830,010     8,672,714
Accrued interest receivable              1,871,774     1,695,476     2,018,778
Excess of cost over net 
    assets purchased                     1,888,996     1,187,085     2,065,475
Other assets                             5,367,578     3,180,765     3,927,839
     TOTAL ASSETS                     $347,507,042  $289,730,196  $338,115,635
LIABILITIES AND STOCKHOLDERS' EQUITY
Liabilities
 Deposits
   Non-interest bearing               $ 31,569,143  $ 30,878,696  $ 31,208,913
   Interest bearing                    262,478,166   223,208,322   261,131,744
       TOTAL DEPOSITS                  294,047,309   254,087,018   292,340,657
 Short-term borrowings                  19,530,423     7,597,156    13,398,181
 Accrued interest payable                1,171,774       873,851     1,011,323
 Other liabilities                       4,145,930     1,750,640     3,172,455
 Long-term debt                          1,000,000             -     2,000,000
    TOTAL LIABILITIES                  319,895,436   264,308,665   311,922,616
 STOCKHOLDERS' EQUITY
  Preferred stock                                -             -             -
  Common stock without par value, 
  stated value $5, authorized 
  6,500,000 shares, issued and             
  outstanding 1,564,837 at September 30, 
  1995 and December 31, 1994, and 
  1,506,612 at September 30, 1994        7,824,185     7,533,060     7,824,185
  Additional paid-in capital            10,301,982     9,753,871    10,301,982
  Retained earnings                      9,283,939     7,770,600     7,806,852
  Unrealized gain on securities 
     available for sale                    201,500       364,000       260,000
    TOTAL STOCKHOLDERS' EQUITY          27,611,606    25,421,531    26,193,019
    TOTAL LIABILITIES AND 
       STOCKHOLDERS' EQUITY           $347,507,042  $289,730,196  $338,115,635


                                   American Bancorporation and Subsidiaries

CONSOLIDATED STATEMENT OF OPERATIONS
                                 
                                 Quarter Ended            Nine Months Ended  
                                  September 30,              September 30,
                               1995          1994         1995          1994    
INTEREST INCOME 
 Loans                      $ 5,549,697  $ 3,856,264  $16,312,237  $10,677,050
 Investment securities
  Taxable interest income       990,246    1,102,355    3,082,397    3,459,148
  Non-taxable interest income    35,508       39,238      109,231      124,910
                              1,025,754    1,141,593    3,191,628    3,584,058
 Other short-term investments    84,367      128,033      259,941      397,360
   Total interest income      6,659,818    5,125,890   19,763,806   14,658,468

INTEREST EXPENSE
 Deposits                     2,505,715    1,715,334    7,220,805    5,104,032
 Borrowed funds                 349,020       62,449    1,055,514       77,097
   Total interest expense     2,854,735    1,777,783    8,276,319    5,181,129
     NET INTEREST INCOME      3,805,083    3,348,107   11,487,487    9,477,339
PROVISION FOR LOAN LOSSES        15,000       45,000      105,000      170,000
 Net interest income after
    provision for loan losses 3,790,083    3,303,107   11,382,487    9,307,339
OTHER INCOME
 Service charges on 
   deposit accounts.            203,441      164,938      535,877      488,211
 Securities gains (losses)            -               -      (106)       2,634
 Insurance commissions           32,281       23,316       95,570       78,035
 Other income                   205,223       62,621      610,325      175,923
   Total other income           440,945      250,875    1,241,666      744,803
OTHER EXPENSE
 Salaries and employee 
   benefits                   1,300,697    1,081,506    4,004,568    3,255,589
 Occupancy and equipment 
   expense                      536,805      471,523    1,577,467    1,407,417
 Other expenses               1,087,225    1,105,159    3,477,276    3,037,080
   Total other expense        2,924,727    2,658,188    9,059,311    7,700,086
 Income before income taxes   1,306,301      895,794    3,564,842    2,352,056
PROVISION FOR INCOME TAXES      478,412      344,339    1,305,336      887,593
NET INCOME                  $   827,889  $   551,455  $ 2,259,506  $ 1,464,463


Average Shares Outstanding    1,564,837    1,506,612    1,564,837    1,506,612

    NET INCOME PER SHARE    $      0.53  $      0.37  $      1.44  $      0.97





                                   American Bancorporation and Subsidiaries

CONSOLIDATED STATEMENT OF CASH FLOWS 
                                        Nine months ended September 30,
                                               1995           1994   
  Operating Activities:
     Net Income                             $ 2,259,506    $ 1,464,463
     Charges to operations not using      
       cash in the current period               405,672        252,622
          Net cash provided by 
              operating activities            2,665,178      1,717,085
  Investing Activities:
     Proceeds from maturities of 
        investment securities                12,584,750     16,355,000
     Proceeds from repayment of 
        investment securities                 4,558,734     13,735,900
     Proceeds from sales of securities 
        available for sale                            -      3,017,375
     Proceeds from redemption of 
        investment securities available 
        for sale                                995,400              -
     Purchase of securities available 
        for sale                             (2,163,100)             -
     Purchase of investment securities       (6,433,406)   (23,172,683)
     Net change in loans                    (16,002,802)   (22,706,733)
     Purchase of premises and equipment        (660,218)      (656,002)
     Proceeds from sale of premises 
        and equipment                                 -        290,468
         Net cash applied to 
            investing activities             (7,120,642)   (13,136,675)
   Financing Activities:                                                       
     Net increase in non-interest bearing 
        demand deposits                         360,230      4,958,086
     Net decrease in interest bearing
         demand and savings deposits        (13,749,493)    (1,421,291)
     Net increase in 
        certificates of deposit              15,095,915      2,510,512
     Net increase in short-term borrowings    6,132,242      5,988,409
     Principal repayment of long-term debt   (1,000,000)             -
     Cash dividends paid                       (665,055)      (564,980)
          Net cash provided by (applied to)
            financing activities              6,173,839     11,470,736
    Net Increase in Cash and 
       Cash Equivalents                       1,718,375         51,146

  Cash and Cash Equivalents 
     Beginning Balance                      $14,628,396    $21,833,326
  Cash and Cash Equivalents 
     Ending Balance                         $16,346,771    $21,884,472



                                   American Bancorporation and Subsidiaries 
                           
CONSOLIDATED STATEMENT OF CHANGES IN STOCKHOLDERS' EQUITY
Nine months ended September 30, 1995 and 1994
                                   
                                                  1995         1994     
 Balance at January 1,                         $26,193,019  $24,158,048
  Net Income                                     2,259,506    1,464,463
  Dividends declared ($0.50 per share 1995,
     $0.375 per share 1994)                       (782,419)    (564,980)
  Unrealized gain/(loss) on securities 
     available for sale                            (58,500)     364,000
 Balance at September 30,                      $27,611,606  $25,421,531




NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

  The unaudited interim condensed consolidated financial statements reflect 
all adjustments which, in the opinion of management, are necessary to a fair 
presentation of the financial position and results of operations. All 
adjustments are of a normal recurring nature. The notes to the financial 
statements contained in the 1994 Annual Report to Stockholders should be read 
in conjunction with these statements.

NOTE A - NEW FINANCIAL ACCOUNTING STANDARD ISSUED

  In May, 1995 the Financial Accounting Standards Board issued Statement of 
Financial Accounting Standards ("SFAS") No. 122, "Accounting for Mortgage 
Servicing Rights".  SFAS No. 122 amends SFAS No. 65 "Accounting for Certain 
Mortgage Banking Activities" by requiring that a mortgage banking enterprise 
that acquires mortgage servicing rights through either the purchase or 
origination of mortgage loans recognize those rights as separate assets by 
allocating the total cost of the mortgage loans to the mortgage servicing 
rights and the loans (without the mortgage servicing rights) based on their
relative fair values.  In addition, SFAS No. 122 requires that a mortgage 
banking enterprise assess its capitalized mortgage servicing rights for 
impairment based on the fair value of those rights.  The standard will be 
applied prospectively in 1996.  Management does not believe that adoption 
will have a material effect on the Company's financial statements.

MANAGEMENT'S DISCUSSION AND ANALYSIS
      OF FINANCIAL POSITION AND RESULTS OF OPERATIONS


SUMMARY

American Bancorporation (the "Company") recognized net income of $2,260,000 
($1.44 per share) for the nine months ended September 30, 1995, compared to 
net income of $1,464,000 ($0.97 per share) for the nine months ended September 
30, 1994.  The Company's assets totalled $347,507,000 at September 30, 1995, 
compared to $289,730,000 at September 30, 1994.  

The following is a discussion of significant factors influencing operating 
performance and change in financial position during the interim periods 
presented. The discussion should be read in connection with the 1994 Annual 
Report and the financial statements appearing elsewhere herein.

RESULTS OF OPERATIONS
NINE MONTH COMPARISON

Net Income.  Net income for the nine months ended September 30, 1995 amounted 
to $2,260,000, compared to $1,464,000 for the nine months ended September 30, 
1994. The increase was the result of increases in net interest income and 
other income which were partially offset by an increase in other expenses.

Net Interest Income.  Net interest income before provision for loan losses for 
the nine months ended September 30, 1995 amounted to $11,487,000 an increase 
of $2,010,000 or 21.2 %, as compared to the nine months ended September 30, 
1994.  The increase resulted primarily from a $65,655,000 or 25.5% increase
in average interest earning assets, which was partially offset by a 17 basis 
point decrease in the Company's margin.

Interest Income.  Total interest income for the nine months ended September 
30, 1995 amounted to $19,764,000 an increase of $5,105,000 or 34.8%, as 
compared to the same period in 1994.  The increase resulted primarily from a 
$65,655,000 increase in the average volume of earning assets and a 56 basis 
point increase in the average yield on earning assets.   Average loans 
outstanding increased $86,045,000 or 55.4%. Average real estate loans 
increased $69,246,000 or 121.1% and average commercial loans increased 
$11,690,000 or 24.9% and average consumer installment loans increased 
$5,109,000 or 10.0%.  The average yield on loans decreased from 9.17% in 1994 
to 9.02% in 1995.  Average investment securities and other short-term 
investments outstanding decreased $20,390,000 or 20.0%, while the average 
yield increased from 5.20% in 1994 to 5.64% in 1995.

Interest Expense.  Total interest expense for the nine months ended September 
30, 1995 amounted to $8,276,000, an increase of $3,095,000 or 59.7% as 
compared to the nine months ended September 30, 1994. The increase resulted 
primarily from a $61,144,000 or 27.4% increase in the average volume of 
interest bearing liabilities and a 78 basis point increase in interest rates 
paid on such liabilities.   Average NOW, money market and savings accounts 
increased $5,422,000.  Average time deposits increased $35,829,000. Average 
noninterest bearing accounts increased $3,495,000 and represented 10.8% of 
average total deposits in 1995.  Average borrowings increased $19,893,000.

Provision for Loan Losses.  The loan loss provision was $105,000 for the nine 
months ended September 30, 1995, compared to $170,000 for the same period in 
1994.

Other Income.  Other income amounted to $1,242,000 for the nine months ended 
September 30, 1995, an increase of $497,000 or 66.7%, as compared to the same 
period in 1994.

  Other Expense.  Total other expense for the nine months ended September 30, 
1995 amounted to $9,059,000, an increase of $1,359,000 or 17.7%, as compared 
to the same period in 1994.  Salaries and employee benefits increased $749,000 
or 23.0%.  Occupancy and equipment expense increased $170,050 or 12.1%.  Other 
(miscellaneous) expenses increased $440,000 or 14.5%.

Provision for Income Taxes.  The provision for income taxes for the nine 
months ended September 30, 1995 was $1,305,000, an increase of $418,000 or 
47.1%, as compared to the same period in 1994.  The increase was due to the 
increase in the Company's pre-tax income.

RESULTS OF OPERATIONS
  QUARTER COMPARISON

Net Income.  Net income for the quarter ended September 30, 1995 amounted to 
$828,000, compared to net income of $551,000 for the quarter ended September  
30, 1994.  The increase was the result of increases in net interest income and 
other income which were partially offset by an increase in other expenses.

Net Interest Income.  Net interest income before provision for loan losses for 
the quarter ended September 30, 1995 amounted to $3,805,000, an increase of 
$457,000 or 13.6%, as compared to the quarter ended September 30, 1994.  The 
increase resulted primarily from a $59,368,000 or 22.6% increase in average 
interest earning assets, which was partially offset by a 37 basis point 
decrease in the Company's margin.

Interest Income.  Total interest income for the quarter ended September 30, 
1995 amounted to $6,660,000, an increase of $1,534,000 or 29.9%, as compared 
to the same period in 1994.  The increase resulted primarily from a $59,368,000 
or 22.6% increase in the average volume of earning assets and a 47 basis point 
increase in the average yield on earning assets.  Average loans outstanding 
increased $78,307,000 or 47.1%.  Average real estate loans increased 
$65,258,000 or 104.7 %, average commercial loans increased $8,699,000 or 17.2% 
and average installment loans increased $4,350,000 or 8.2%.  The average yield 
on loans decreased from 9.27% in 1994 to 9.07% in 1995.  Average investment 
securities and other short-term investments outstanding decreased $18,939,000 
or 19.6% while the average yield increased from 5.25% in 1994 to 5.70% in 1995.
  
Interest Expense.  Total interest expense for the quarter ended September 30, 
1995 amounted to $2,855,000 an increase of $1,077,000 or 60.6%, as compared to 
the same period in 1994.  The increase resulted primarily from a $55,457,000 
or 24.4% increase in the average volume of interest bearing liabilities and a 
91 basis point increase in interest rates paid on such liabilities. 

Provision for Loan Losses.  The loan loss provision was $15,000 for the quarter 
ended September 30, 1995, compared to $45,000 for the same period in 1994.

Other Income.  Other income amounted to $441,000 for the quarter ended 
September 30, 1995, compared to $251,000 for the same period in 1994.  

Other Expense.  Total other expense for the quarter ended September 30, 1995 
amounted to $2,925,000, an increase of $267,000 or 10.0%, as compared to the 
same period in 1994.  Salaries and employee benefits increased $219,000 or 
20.3%.  Occupancy and equipment expense increased $65,000 or 13.8%.  Other
(miscellaneous) expenses decreased $18,000 or 1.6%. During the quarter the
Company received a refund of $151,000 from the Federal Deposit Insurance
Corporation for deposit premiums for the period June 1, 1995 to September 
30, 1995.

Provision for Income Taxes.   The provision for income taxes for the quarter 
ended September 30, 1995 was $478,000, compared to $344,000 for the same period 
in 1994.  The increase was due to the increase in the Company's pre-tax 
income.

ASSET QUALITY

Nonperforming loans totalled $1,994,000 or 0.8% of total loans at September 30, 
1995, compared to $2,590,000 or 1.1% at December 31, 1994.  Nonperforming 
loans at September 30, 1995 consisted of nonaccrual loans totalling $789,000, 
90 day delinquent loans of $511,000, and restructured loans aggregating 
$694,000.  Other real estate held totalled $579,000 at September 30, 1995, 
compared to $682,000 at December 31, 1994.

CAPITAL RESOURCES

Stockholders' equity totalled $27,612,000 at September 30, 1995. The Company's 
risk-based capital ratio was 13.0%, of which 11.7% constituted common 
stockholder equity, while risk-based capital ratios for the  Company's two 
bank subsidiaries, Wheeling National Bank and Columbus National Bank, were 
14.6% and 10.6%, respectively, with common stockholders' equity of 13.3% and 
9.4%, respectively.  At September 30, 1995 the Company's leverage capital 
ratio was 7.4%, while the leverage ratios for Wheeling National Bank and 
Columbus National Bank were 8.6% and 5.8%, respectively.

<TABLE>
<CAPTION>

                                  Three months ended September 30,    Nine months ended September 30, 
                                       1995                 1994             1995                 1994
                                  Average   Yield/    Average  Yield/   Average   Yield/   Average  Yield/
                                  Balance    Rate     Balance   Rate    Balance    Rate    Balance   Rate 
INTEREST EARNING ASSETS            (000's)             (000's)          (000's)            (000's)
<S>                               <C>        <C>      <C>        <C>    <C>        <C>   
 Loans           
  Commercial                       $ 59,408   9.78%   $ 50,709   8.43%  $ 58,569   9.95%   $ 46,879   8.27%
  Real estate                       127,565   8.34      62,307   8.71    126,414   8.18      57,168   8.66
  Installment-net                    57,714   9.26      53,364   9.29     56,265   9.19      51,156   9.48
   Total loans                      244,687   9.07     166,380   9.27    241,248   9.02     155,203   9.17
 Investment securities
  Taxable                            71,719   5.52      82,617   5.34     75,506   5.44      87,232   5.29
  Tax-exempt                          1,912   7.43       2,172   7.23      1,977   7.37       2,291   7.27
   Total investment securities       73,631   5.57      84,789   5.39     77,483   5.49      89,523   5.34
 Other short-term investments         4,212   8.01      11,993   4.27      4,165   8.32      12,515   4.23
    Total interest earning assets  $322,530   8.26    $263,162   7.79   $322,896   8.16    $257,241   7.60
INTEREST BEARING LIABILITIES 
  Deposits
   NOW, Savings and MMDA           $128,479   2.64%   $126,857   2.56%  $132,323   2.67%   $126,901   2.56%
   Time                             132,622   5.00      93,821   3.85    129,037   4.72      93,208   3.82
    Total deposits                  261,101   3.84     220,678   3.11    261,360   3.68     220,109   3.09
  Short-term borrowings              21,009   6.25       6,975   3.58     21,701   6.02       2,919   3.52
  Long-term debt                      1,000   8.41           -   0.00      1,111   9.14           -   0.00
    Total interest 
      bearing liabilities          $283,110   4.03    $227,653   3.12   $284,172   3.88    $223,028   3.10

MARGIN ANALYSIS
 (as a % of earning assets)
 Interest income                              8.26%              7.79%             8.16%              7.60%
 Interest expense                             3.54               2.70              3.42               2.69
 Net interest income                          4.72%              5.09%             4.74%              4.91%

<FN>
<F1>
Averages stated are month end average balances. Installment loans are stated 
net of unearned income. Average loans include nonaccrual loans. Yields do not 
reflect tax equivalent adjustments.
</FN>
</TABLE>


Part II.   OTHER INFORMATION



Item  6.  Exhibits and Reports on Form 8-K

B. Reports on Form 8-K:

    Date           Item           Description 
    None


                            
SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the 
Registrant has duly caused this report to be signed on its behalf by the 
undersigned thereunto duly authorized.

                                          AMERICAN BANCORPORATION
                                              (Registrant)

Date  November 13, 1995                        /s/ Jeremy C. McCamic
                                                   Jeremy C. McCamic
                                                Chairman and
                                                Chief Executive Officer


Date  November 13, 1995                        /s/ Brent E. Richmond 
                                                   Brent E. Richmond
                                                Chief Financial and
                                                Accounting Officer