**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 endedMarch 31, 2001

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



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.

YesXNo

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

April 6, 2001: 3,129,674 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 (Unaudited)

Condensed Consolidated Balance Sheets	      3

Condensed Consolidated Statements of Income	      4

Condensed Consolidated Statements of

Cash Flows	      5

Condensed Consolidated Statement of

Changes in Stockholders' Equity	      6

Notes to the Consolidated Financial Statements (Unaudited)	      6

Item 2   	Management's Discussion and Analysis of Financial

Condition and Results of Operations	      7

Item 3	Quantitative and Qualitative Disclosures

about Market Risk	    11

**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

Part 1	Financial Information

Item 1	Financial Statements



CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED)

**March 31,                    December 31,**

**2001          2000      2000**

**ASSETS**

Cash and due from banks	 **$    8,741,043**	$ 10,996,219	$    9,962,874

Federal funds sold	    **16,628,000**	 1,307,000	 4,530,000

Investment securities available for sale	  **256,571,088**	291,469,167	272,045,286

Loans, net of unearned income	    **378,611,117**	396,189,345	389,524,004

Less allowance for loan losses	 **3,218,150**3,198,353	3,252,073

**375,392,967**	392,990,992	386,271,931

Due from broker	       **7,434,920**-****-

Premises and equipment - net	      **9,397,966**	10,026,301	 9,538,072

Accrued interest receivable	        **4,402,113**	4,432,815	4,736,395

Excess of cost over net assets acquired	        **1,559,133**	1,286,208	1,643,066

Other assets	**15,735,357**12,151,584	16,488,437

TOTAL ASSETS	 **$695,862,587**	$724,660,286	$705,216,061

******LIABILITIES**

Deposits

Non-interest bearing	 **$  38,780,494**	$  39,638,172	$  41,213,045

Interest bearing	**453,515,377**418,779,322	454,935,807

TOTAL DEPOSITS	    **492,295,871**	458,417,494	496,148,852

Borrowed funds	    **140,228,414**	215,223,595	149,376,008

Accrued interest payable	        **3,631,844**	 2,653,915	3,578,923

Other liabilities	 **3,244,212**     5,294,422      2,900,945

Company obligated mandatorily redeemable

trust preferred securities of subsidiary trust

holding solely junior subordinated debentures

of the Company	  **12,650,000**12,650,000	12,650,000

TOTAL LIABILITIES	    **652,050,341**	694,239,426	664,654,728

**STOCKHOLDERS' EQUITY**

Preferred stock	                      -	-	-

Common stock without par value, stated value

$2.50, authorized 6,500,000 shares, issued

and outstanding 3,129,674	        **7,824,185**	7,824,185	7,824,185

Additional paid-in capital	      **10,301,982**	10,301,982	10,301,982

Retained earnings	      **25,284,509**	22,777,532	24,733,853

Accumulated other comprehensive

results, net of tax benefit	**401,570**

****   (10,482,839

)(2,298,687

)

TOTAL STOCKHOLDERS' EQUITY	**43,812,246**30,420,860	    40,561,333

TOTAL LIABILITIES AND

STOCKHOLDERS' EQUITY	 **$695,862,587**	$724,660,286	$705,216,061



CONDENSED CONSOLIDATED STATEMENTS OF INCOME (UNAUDITED)

**Three Months ended March 31,**

**2001           2000**

**INTEREST INCOME**

Loans	   **$ 8,194,290**	$8,086,983

Investment securities

Taxable interest income	      **3,420,956**	 4,032,817

Non-taxable interest income	**758,709**761,232

**4,179,665**	4,794,049

Short-term investments	**75,699**60,720

Total interest income	   **12,449,654**	12,941,752

**INTEREST EXPENSE**

Deposits	      **5,953,172**	4,909,847

Borrowed funds	   **2,423,474**3,389,850

Total interest expense	  **8,376,646**8,299,697

**NET INTEREST INCOME**	      **4,073,008**	4,642,055

**PROVISION FOR LOAN LOSSES**	**225,000**180,000

Net interest income after provision for loan losses	      **3,848,008**	4,462,055

**OTHER INCOME**

Service charges on deposit accounts	         **224,046**	208,797

Net securities gains	    **130,573**	          -

Net gains on sale of loans	        **39,029**	272,025

Insurance commissions	           **17,528**	23,765

Other income	**284,884**298,967

Total other income	         **696,060**	803,554

**OTHER EXPENSE**

Salaries and employee benefits	      **1,496,024**	1,682,983

Occupancy expense	         **629,846**	672,245

Other expenses	**1,248,007**1,222,388

Total other expense	   **3,373,877**3,577,616

**INCOME BEFORE INCOME TAXES**	      **1,170,191**	1,687,993

**PROVISION FOR INCOME TAXES**	  **150,084**347,166

**NET INCOME**	   **$ 1,020,107**	$ 1,340,827

Average Shares Outstanding	      **3,129,674**	3,129,674

BASIC EARNINGS PER SHARE	   **$         0.33**	$         0.43



CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

****

**Three months ended March 31,**

**2001    2000**

****  **Operating Activities:**

Net Income	 **$   1,020,107**	$   1,340,827

Adjustments to reconcile net income to net cash from operating activities:

Depreciation	         **216,154**	230,902

Amortization of intangibles	           **83,933**	69,451

Net amortization of premium on investment securities	        **108,034**	109,292

Provision for loan losses	         **225,000**	180,000

Net gain on sale of investment securities	        **(130,573**

**)**	-

Net gain on sale of loans	         **(39,029**

**)**	(272,025

)

Net decrease in accrued interest receivable	        **334,282**

****	  37,054



Net increase in accrued interest payable	       **52,921**	142,419

Real estate mortgage loans originated for sale	   **(2,876,187**

**)**	(14,001,804

)

Proceeds from sale of real estate mortgage loans originated for sale	    **2,878,583**

13,010,450

Net increase in other assets	       **(657,807**

**)**	(661,557

)

Net increase in other liabilities	       **97,144**	 1,214,578

Net increase (decrease) from other operating activities	**2,015**

****(81,077

)

Net cash provided by operating activities	     **1,314,577**

1,318,510

**Investing Activities:**

Investment securities available for sale:

Proceeds from maturities and repayments	    **7,875,724**	 9,942,609

Proceeds from sales	 **17,020,562**	         -

Purchases	   **(12,479,217**

**)**	(1,157,421

)

Change in loans, net of real estate mortgage loans originated for sale	   **10,690,597**

****	(23,764,335

)

Purchase of premises and equipment	          **(76,048**

**)**	      (52,995

)

Proceeds from sale of premises and equipment	**-**118,297

Net cash provided by (used) in investing activities	   **23,031,618**

****	(14,913,845

)

**Financing Activities:**

Net increase (decrease) in non-interest bearing demand deposits	    **(2,432,551**

**)**	 1,678,585



Net increase (decrease) in interest bearing demand and savings deposits	    **(6,946,423**

**)**	10,624,127

Net increase (decrease) in time deposits	     **5,525,993**

****	(3,162,711

)

Net increase (decrease) in borrowed funds	   **(9,147,594**

**)**   630,394



Principal repayment of long-term debt	               **-**

****	      -



Cash dividends paid	**(469,451**

**)**(469,451

)

Net cash provided (used) by financing activities	 **(13,470,026**

**)**9,300,944



Net Increase (Decrease) in Cash and Cash Equivalents	    **10,876,169**

****	(4,294,391

)

Cash and Cash Equivalents Beginning Balance	 **14,492,874**16,597,610

Cash and Cash Equivalents Ending Balance	**$ 25,369,043**	$ 12,303,219

**Supplemental disclosure of cash-flow information:**

**Non-cash investing and financial activities:**

Securities sold not settled	**7,434,920**	-







******CONDENSED CONSOLIDATED STATEMENT OF CHANGES IN STOCKHOLDERS' EQUITY (UNAUDITED)**

Three months ended March 31, 2001 and 2000

**2001       2000**

Balance at January 1,	**$40,561,333**	$28,178,961

Comprehensive results:

Net Income	      **1,020,107**	1,340,827

Unrealized security gain, net of tax	      **2,700,257**	1,370,523

Reclassification adjustment, net of tax	**-**

-



Total comprehensive results	  **3,720,364**	2,711,350

Dividends declared ($0.15 per share 2001,

$0.15 per share 2000)	 **(469,451**

**)**	(469,451

)

Balance at March 31,	**$43,812,246**	$30,420,860

******NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS (UNAUDITED)**

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 2000 Annual Report to Stockholders
should be read in conjunction with these statements.

**NOTE A - AGREEMENT AND PLAN OF MERGER**

On February 22, 2001 the Company announced entering into a definitive Agreement and
Plan of Merger (the "Agreement") with WesBanco, Inc. ("WesBanco") providing for the
merger of the Company with and into a wholly-owned subsidiary of WesBanco to be formed
for the purpose of effecting the merger, and the simultaneous merger of the Company's
banking subsidiary, Wheeling National Bank, with and into WesBanco affiliate, WesBanco
Bank, Inc.  The transaction will be accounted for using the purchase method of accounting.
Under the terms of the Agreement, WesBanco will exchange WesBanco common stock
based upon a fixed exchange ratio of 1.1 shares of WesBanco common stock for each share
of American Bancorporation common stock outstanding.  The transaction is subject to
approvals of the appropriate banking regulatory authorities and the shareholders of the
Company.  The Company granted an option to WesBanco to purchase 622,805 shares of its
common stock at $18.00 per share.  It is expected that the transaction will be completed
during the third quarter of 2001.****

**Item 2.	MANAGEMENT'S DISCUSSION AND ANALYSIS**

**OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS**

**INTRODUCTION**

****The discussion and analysis, when read in conjunction with the consolidated financial
statements and accompanying notes, is designed to provide information relevant to an
assessment of financial performance and management's perception of significant events.

****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 2000 Annual Report and the financial statements appearing elsewhere
herein.

******SUMMARY**

American Bancorporation (the "Company") recognized net income of $1,020,000 or $0.33
basic earnings per share, for the three months ended March 31, 2001, compared to net income
of $1,341,000 or  $0.43 basic earnings per share, for the three months ended March 31, 2000.
Return on average assets and return on average equity were 0.59% and 9.55%, respectively, for
the three months ended March 31, 2001 compared to 0.74% and 18.71%, respectively, for the
three months ended March 31, 2000.

Total assets at March 31, 2001 decreased to $695,863,000, from $724,660,000 at March 31,
2000, a decrease of 4.0%.  Loans outstanding at March 31, 2001 decreased to $378,611,000 from
$396,321,000 at March 31, 2000, a decrease of 4.5%.  Deposits increased to $492,296,000 at
March 31, 2001, from $458,417,000 at March 31, 2000, an increase of 7.4%.  Total stockholders'
equity was $43,812,000 at March 31, 2001.Stockholders' equity, excluding net unrealized gains
and losses, totalled $43,411,000 at March 31, 2001, an increase of $2,507,000 or 6.1% compared
to March 31, 2000.  The unrealized gain on investment securities available for sale, a result of
market value adjustments, totalled $402,000 at March 31, 2001, compared to an unrealized loss
of $10,483,000 at March  31, 2000.  If these available for sale securities are held to maturity, no
market value adjustment will be realized.

******RESULTS OF OPERATIONS**

**QUARTER COMPARISON**

**Net Income.**  Net income for the three months ended March 31, 2001 amounted to
$1,020,000, or $0.33 basic earnings per share, compared to net income of $1,341,000 or $0.43
basic earnings per share, for the three months ended March 31, 2000.  The decrease was the
result of decreases in net interest income and other income and an increase in the provision for
loan loss which was partially offset by a decrease in other expenses.

**Net Interest Income.**  Net interest income before provision for loan losses for the three months
ended March 31, 2001 amounted to $4,073,000, a decrease of $569,000 or 12.3%, compared to
the three months ended March 31, 2000.  The decrease resulted primarily from a 24 basis point
decrease in the Company's net interest margin.

Total interest income for the three months ended March 31, 2001 amounted to $12,450,000,
a decrease of $492,000 or 3.8%, compared to the three months ended March 31, 2000.  The
decrease resulted primarily from a $25,274,000 decrease in average interest earning assets.
Average loans outstanding decreased $6,860,000 or 1.8% with average commercial loans
decreasing $3,406,000 or 2.2%, average real estate loans decreasing $5,788,000 or 3.6% and
average consumer installment loans increasing $2,334,000 or 3.4%.  The average yield on loans
increased from 8.34% in 2000 to 8.60% in 2001.  Average investment securities and other short-term investments outstanding decreased $18,414,000 or 6.2% while the average yield decreased
from 6.59% in 2000 to 6.16% in 2001.

Total interest expense for the three months ended March 31, 2001 amounted to $8,377,000,
an increase of $77,000 or 1.0%, compared to the three months ended March 31, 2000.  The
increase resulted primarily from a 37 basis point increase in interest rates paid on interest bearing
liabilities which was partially offset by a $37,836,000 or 5.9% decrease in interest bearing liabilities.
Average NOW, money market and savings accounts decreased $1,545,000 or 1.0%.  Average
time deposits increased $37,036,000 or 14.1%.  Average non-interest bearing accounts increased
$923,000 or 2.4% and represented 8.2% of average total deposits for the three months ended
March 31, 2001.  Average borrowed funds decreased $73,326,000 or 33.7%, while the average
rate paid on borrowed funds increased from 5.72% in 2000 to 5.95% in 2001.



**Provision for Loan Losses.**  The loan loss provision for the three months ended March 31, 2001
was $225,000, compared to $180,000 for the same period in 2000.  Net loans charged off totalled
$259,000 for the three months ended March 31, 2001, compared to $64,000 for the three months
ended March 31, 2000.  The increase in the loan loss provision reflects management's
assessment of the loan portfolio, general economic conditions and past loan experience.



**Other Income.**  Other income for the three months ended March 31, 2001 amounted to
$696,000, a decrease of $107,000 or 13.4% compared to the three months ended March 31,
2000.  Securities gains totalled $131,000 during the three months ended March 31, 2001,
compared to no gains on sale of investment securities in 2000.  Net gains on sale of loans
totalled $39,000 in 2001, compared to $272,000 for the three months ended March 31, 2000, a
decrease of 85.7%.  Other (miscellaneous) income in 2000 included a $120,000 gain on sale of
former branch property.

**Other Expense.**  Total other expense for the three months ended March 31, 2001 amounted
to $3,374,000, a decrease of $204,000 or 5.7%, compared to the three months ended March 31,
2000.  Salaries and employee benefits decreased $187,000 or 11.1%.  Occupancy and
equipment expense decreased $43,000 or 6.3%.  Other (miscellaneous) expenses increased
$26,000 or 2.1%.

**Provision for Income Taxes.** The provision for income taxes for the three months ended
March 31, 2001 was $150,000, compared to $347,000 for the three months ended March 31,
2000.  The decrease is primarily the result of a decrease in income before taxes.

******ASSET QUALITY**

Nonperforming loans totalled $2,632,000 or 0.7% of total loans at March 31, 2001,
compared to $3,297,000 or 0.8% at December 31, 2000.  Nonperforming loans at March 31, 2001
consisted of nonaccrual loans totalling $765,000, 90 day delinquent loans of $1,603,000, and
restructured loans aggregating $264,000.  Other real estate held totalled $442,000 at March 31,
2001, compared to $444,000 at December 31, 2000.

**CAPITAL RESOURCES**

Stockholders' equity totalled $43,812,000 at March 31, 2001. The Company's risk-based
capital ratio was 14.2%, of which 13.4% constituted common stockholder equity, while the
risk-based capital ratio for the Company's bank subsidiary, Wheeling National Bank, was 13.5%,
with common stockholders' equity of 12.7%.  At March 31, 2001 the Company's leverage capital
ratio was 7.8%, while the leverage ratio for Wheeling National Bank was 7.5%.



**Three months ended March 31,**

**2001           2000**

**Average      Yield/**           Average   Yield/

**Balance    Rate**Balance   Rate

**INTEREST EARNING ASSETS**                              **(000's)**                             (000's)

Loans

Commercial	   **$154,579	9.02**

**%**	$157,985	 8.66

%

Real estate	     **154,714	7.89**	160,502	7.70

Installment-net	    **71,941****8.46**	69,607	8.27

Total loans   	     **381,234**	**8.60**	388,094	8.34

Investment securities

Taxable	     **204,636	6.69**	234,898	6.87

Tax-exempt	   **62,894****4.83**	56,738	5.37

Total investment securities   	     **267,530	6.25**	291,636	6.58

Other short-term investments	   **8,690****3.48**	2,998	8.10

Total interest earning assets	   **$657,454**	**7.57**	$682,728	7.58

**INTEREST BEARING LIABILITIES**

Deposits

NOW, Savings and MMDA	   **$150,570**	**3.48**

**%**	$152,115	3.31

%

Time	  **300,592****6.18**	263,556	5.54

Total deposits	     **451,162	5.28**	415,671	4.72

Borrowed funds	    **144,507	5.95**	217,834	5.72

Long-term debt	  **12,650****8.70**	12,650	 8.70

Total interest

bearing liabilities	   **$608,319	5.51**	$646,155	5.14

**MARGIN ANALYSIS**

(as a % of earning assets)

Interest income	                         **7.57**

**%**		7.58

%

Interest expense	                         **5.09**4.86

Net interest income	                         **2.48**

**%**		2.72

%

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.

**Item 3.  Quantitative and Qualitative Disclosures about Market Risk**

Quantitative and qualitative disclosures about market risk are presented at December
31, 2000 in Item 7a of the Company's Annual Report on Form 10-K filed with the SEC on April 2,
2001.  Management believes there have been no material changes in the Company's market
risk since December 31, 2000.



**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)

DateMay 15, 2001                    	 /s/ Jeremy C. McCamic

Jeremy C. McCamic

Chairman and

Chief Executive Officer

Date May 15, 2001                      /s/ Brent E. Richmond

Brent E. Richmond

President and

Chief Operating Officer

Date May 15, 2001      	/s/ Jeffrey A. Baran

Jeffrey A. Baran

Chief Financial Officer