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, 1997
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 24, 1997: 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
             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. . . . . . . . . . . . .     11

SIGNATURES . . . . . . . . . . . . . . . . . . . . . . . . . . . . .     12



American Bancorporation and Subsidiaries
CONSOLIDATED BALANCE SHEET

                                         September 30,          December 31,
                                       1997         1996            1996
ASSETS
Cash and due from banks. . . . . .$ 11,105,723   $ 12,118,420   $ 11,550,133
Federal funds sold . . . . . . . .   5,620,155      5,791,120     17,870,000
Investment securities
  available for sale . . . . . . . 153,456,761    130,440,071    143,473,608
Loans, net of unearned income. . . 288,340,212    258,157,544    271,449,833
  Less allowance for loan losses .   3,392,785      3,622,241      3,563,774
                                   284,947,427    254,535,303    267,886,059
Premises and equipment - net . . .  10,184,488      9,470,704      9,730,880
Accrued interest receivable. . . .   3,633,538      3,604,428      2,985,322
Excess of cost over net
  assets purchased . . . . . . . .   2,052,809      2,388,285      2,304,416
Other assets . . . . . . . . . . .   3,903,526      6,055,488      5,832,008
     TOTAL ASSETS. . . . . . . . .$474,904,427   $424,403,819   $461,632,426

LIABILITIES
 Deposits
   Non-interest bearing. . . . . .$ 34,145,567   $ 33,467,600   $ 36,744,316
   Interest bearing. . . . . . . . 309,735,355    281,190,194    283,066,502
       TOTAL DEPOSITS. . . . . . . 343,880,922    314,657,794    319,810,818
 Short-term borrowings . . . . . .  90,092,198     74,218,301    104,096,043
 Accrued interest payable. . . . .   1,952,138      1,439,634      1,488,999
 Other liabilities . . . . . . . .   5,222,991      4,188,965      4,876,191
 Long-term debt. . . . . . . . . .     927,816      1,039,364        937,681
    TOTAL LIABILITIES. . . . . . . 442,076,065    395,544,058    431,209,732

STOCKHOLDERS' EQUITY
  Preferred stock. . . . . . . . .           -              -              -
  Common stock without par value,
  stated value $5, authorized
  6,500,000 shares, issued and
  outstanding 1,564,837. . . . . .   7,824,185      7,824,185      7,824,185
  Additional paid-in capital . . .  10,301,982     10,301,982     10,301,982
  Retained earnings. . . . . . . .  14,128,088     11,441,021     12,021,258
  Unrealized gain (loss) on
   securities available for sale .     574,107       (707,427)       275,269
    TOTAL STOCKHOLDERS' EQUITY . .  32,828,362     28,859,761     30,422,694
    TOTAL LIABILITIES AND 
      STOCKHOLDERS' EQUITY . . . .$474,904,427   $424,403,819   $461,632,426


American Bancorporation and Subsidiaries
CONSOLIDATED STATEMENT OF OPERATIONS
                                   Quarter Ended          Nine Months Ended
                                   September 30,             September 30,
                                1997         1996         1997         1996     
INTEREST INCOME 
 Loans . . . . . . . . . . $ 6,335,266  $ 5,709,335   $18,442,153  $16,614,538
 Investment securities
  Taxable interest income.   2,566,404    2,107,059     7,564,434    4,834,527
  Non-taxable
   interest income . . . .      21,624       32,188        68,978      100,212
                             2,588,028    2,139,247     7,633,412    4,934,739
 Other short-term
   investments . . . . . .      83,603       41,070       264,436      319,664
   Total interest income .   9,006,897   7,889,6522    6,340,0012    1,868,941

INTEREST EXPENSE
 Deposits. . . . . . . . .   3,401,212    2,760,788     9,522,400    8,095,234
 Borrowed funds. . . . . .   1,245,475      933,629     3,856,644    1,873,140
   Total interest expense.   4,646,687    3,694,417    13,379,044    9,968,374
     NET INTEREST INCOME .   4,360,210    4,195,235    12,960,957   11,900,567
PROVISION FOR LOAN LOSSES.           -            -             -            -
 Net interest income after
  provision for loan losses  4,360,210    4,195,235    12,960,957   11,900,567
OTHER INCOME
 Service charges on
  deposit accounts . . . .     190,571      224,342       563,817      655,865
 Securities gains (losses)         (44)      (3,794)        4,293       (3,794)
 Insurance commissions . .      22,882       28,084        71,879       93,927
 Other income. . . . . . .     556,785      434,132     1,422,025    1,074,979
   Total other income. . .     770,194      682,764     2,062,014    1,820,977
OTHER EXPENSE
 Salaries and
  employee benefits. . . .   1,475,122    1,390,384     4,328,362    4,101,993
 Occupancy and
  equipment expense. . . .     598,028      553,244     1,795,405    1,665,981
 Other expenses. . . . . .   1,241,124    1,449,987     3,717,165    3,692,882
   Total other expense . .   3,314,274    3,393,615     9,840,932    9,460,856
INCOME BEFORE INCOME TAXES   1,816,130    1,484,384     5,182,039    4,260,688
PROVISION FOR INCOME TAXES     651,116      551,901     1,901,581    1,566,156
NET INCOME . . . . . . . . $ 1,165,014  $   932,483   $ 3,280,458  $ 2,694,532

Average Shares Outstanding   1,564,837    1,564,837     1,564,837    1,564,837

NET INCOME PER SHARE . . . $      0.74  $      0.60   $      2.10  $      1.72
    

American Bancorporation and Subsidiaries
CONSOLIDATED STATEMENT OF CASH FLOWS

                                               Nine months ended September 30,
                                                       1997           1996   
Operating Activities:
 Net Income. . . . . . . . . . . . . . . . . . . . $ 3,280,458    $ 2,694,532
 Charges to operations (using) not using
  cash in the current period . . . . . . . . . . .   2,973,023       (885,416)
   Net cash provided by operating activities . . .   6,253,481      1,809,116
Investing Activities:
 Purchase of branch assets, net of cash acquired .           -     14,171,001
 Investment securities available for sale:
   Proceeds from maturities and repayments . . . .  25,585,188     16,846,616
   Proceeds from sales . . . . . . . . . . . . . .  46,746,234      4,053,743
   Purchases . . . . . . . . . . . . . . . . . . . (82,031,056)   (84,908,587)
 Net increase in loans . . . . . . . . . . . . . . (17,061,368)    (7,767,131)
 Purchase of premises and equipment. . . . . . . .  (1,069,500)    (1,244,261)
   Net cash used by investing activities . . . . . (27,830,502)   (58,848,619)
Financing Activities:                                                           
 Net increase (decrease) in non-interest
  bearing demand deposits. . . . . . . . . . . . .  (2,598,749)       698,028
 Net decrease in interest bearing
  demand and savings deposits. . . . . . . . . . .  (9,291,309)    (3,619,623)
 Net increase in time deposits . . . . . . . . . .  35,960,162      9,764,952
 Net increase (decrease) in short-term borrowings. (14,003,845)    46,695,635
 Principal repayment of long-term debt . . . . . .      (9,865)        (7,761)
 Cash dividends paid . . . . . . . . . . . . . . .  (1,173,628)      (938,906)
   Net cash provided by financing activities . . .   8,882,766     52,592,325

 Net Decrease in Cash and Cash Equivalents . . . . (12,694,255)    (4,447,178)

Cash and Cash Equivalents Beginning Balance. . . . $29,420,133    $22,356,718
Cash and Cash Equivalents Ending Balance . . . . . $16,725,878    $17,909,540

                                                                    
American Bancorporation and Subsidiaries                   
CONSOLIDATED STATEMENT OF CHANGES IN STOCKHOLDERS' EQUITY
Nine months ended September 30, 1997 and 1996

                                                      1997           1996     
Balance at January 1, . . . . . . . . . . . . .   $30,422,694    $28,012,422
  Net Income. . . . . . . . . . . . . . . . . .     3,280,458      2,694,532
  Dividends declared ($.75 per share 1997,
   $0.65 per share 1996). . . . . . . . . . . .    (1,173,628)    (1,017,144)
  Unrealized gain (loss) on securities
   available for sale . . . . . . . . . . . . .       298,838       (830,049)
Balance at September 30,. . . . . . . . . . . .   $32,828,362    $28,859,761


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 1996 Annual Report to Stockholders should be read
in conjunction with these statements.

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

SUMMARY
American Bancorporation (the "Company") recognized net income of $3,280,000
($2.10 per share) for the nine months ended September 30, 1997, compared to
net income of $2,695,000 ($1.72 per share) for the nine months ended September
30, 1996.  The Company's assets totalled $474,904,000 at September 30, 1997,
compared to $424,404,000 at September 30, 1996.
  
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 1996 Annual
Report to Stockholders and the financial statements appearing elsewhere
herein.

RESULTS OF OPERATIONS
NINE MONTH COMPARISON

Net Income.  Net income for the nine months ended September 30, 1997 amounted
to $3,280,000, compared to $2,695,000 for the nine months ended September 30,
1996. 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, 1997 amounted to $12,961,000, an increase
of $1,060,000 or 8.9%, as compared to the nine months ended September 30,
1996. The increase resulted primarily from a $71,016,000 or 19.5% increase in
average interest earning assets, which was partially offset by a 39 basis
point decrease in the Company's margin.

Interest Income.  Total interest income for the nine months ended September
30, 1997 amounted to $26,340,000, an increase of $4,471,000 or 20.4%, as
compared to the same period in 1996.  The increase resulted primarily from a
$71,016,000 increase in the average volume of earning assets and a 6 basis
point increase in the average yield on earning assets.  Average loans
outstanding increased $29,759,000 or 11.9%. Average commercial loans increased
$20,891,000 or 29.7% and average real estate loans increased $14,126,000 or
11.2%, while average consumer installment loans decreased $5,258,000 or 9.9%.
The average yield on loans decreased from 8.87% in 1996 to 8.80% in 1997.
Average investment securities and other short-term investments outstanding
increased $41,257,000 or 36.1%, while the average yield increased from 6.12%
in 1996 to 6.76% in 1997.

Interest Expense.  Total interest expense for the nine months ended September
30, 1997 amounted to $13,379,000, an increase of $3,411,000 or 34.2% as
compared to the nine months ended September 30, 1996.  The increase resulted
primarily from a $68,011,000 or 20.9% increase in the average volume of
interest bearing liabilities and a 45 basis point increase in interest rates
paid on such liabilities.  Average NOW, money market and savings accounts
decreased $4,832,000.  Average time deposits increased $27,471,000.  Average
noninterest bearing accounts increased $1,208,000 and represented 10.0% of
average total deposits in 1997.  Average short-term borrowings increased
$45,483,000 or 96.2% and the average rate paid on short-term borrowings
increased from 5.10% in 1996 to 5.46% in 1997.

Provision for Loan Losses.  There was no loan loss provision for the nine
months ended September 30, 1997 or 1996.

Other Income.  Other income amounted to $2,062,000 for the nine months ended
September 30, 1997, an increase of $241,000 or 13.2%, as compared to the same
period in 1996.

Other Expense.  Total other expense for the nine months ended September 30,
1997 amounted to $9,841,000, an increase of $380,000 or 4.0%, as compared to
the same period in 1996.  Salaries and employee benefits increased $226,000
or 5.5%.  Occupancy and equipment expense increased $130,000 or 7.8%.  Other
(miscellaneous) expenses increased $24,000 or 0.7%.  Other (miscellaneous)
expenses during the same period in 1996 included a one-time assessment of
$245,000 as a result of Federal legislation enacted to recapitalize the
Savings Association Insurance Fund.

Provision for Income Taxes.  The provision for income taxes for the nine
months ended September 30, 1997 was $1,902,000, an increase of $335,000 or
21.4%, as compared to the same period in 1996.  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, 1997 amounted to
$1,165,000, compared to net income of $932,000 for the quarter ended September
30, 1996.  The increase was the result of increases in net interest income and
other income and a decrease in other expenses.

Net Interest Income.  Net interest income before provision for loan losses for
the quarter ended September 30, 1997 amounted to $4,360,000, an increase of
$165,000 or 3.9%, as compared to the quarter ended September 30, 1996.  The
increase resulted primarily from a $52,532,000 or 13.5% increase in average
interest earning assets, which was partially offset by a 36 basis point
decrease in the Company's margin.

Interest Income.  Total interest income for the quarter ended September 30,
1997 amounted to $9,007,000, an increase of $1,117,000 or 14.2%, as compared
to the same period in 1996.  The increase resulted primarily from a
$52,532,000 or 13.5% increase in the average volume of earning assets and a 5
basis point increase in the average yield on earning assets.  Average loans
outstanding increased $28,940,000  or 11.3%.  Average commercial loans
increased $19,125,000 or 26.1%, and average real estate loans increased
$14,136,000 or 10.9%, while average installment loans decreased $4,321,000 or
8.3%.  The average yield on loans decreased from 8.94% in 1996 to 8.91% in
1997.  Average investment securities and other short-term investments
outstanding increased $23,592,000 or 17.7%, while the average yield increased
from 6.53% in 1996 to 6.80% in 1997.
  
Interest Expense.  Total interest expense for the quarter ended September 30,
1997 amounted to $4,647,000, an increase of $952,000 or 25.8%, as compared to
the same period in 1996.  The increase resulted primarily from a $46,102,000
or 13.2% increase in the average volume of interest bearing liabilities
and a 47 basis point increase in interest rates paid on such liabilities. 

Provision for Loan Losses.  There was no loan loss provision for the quarter
ended September  30, 1997 or 1996.

Other Income.  Other income amounted to $770,000 for the quarter ended
September 30, 1997, compared to $683,000 for the same period in 1996.  

Other Expense.  Total other expense for the quarter ended September 30, 1997
amounted to $3,314,000, a decrease of $79,000 or 2.3%, as compared to the same
period in 1996.  Salaries and employee benefits increased $85,000 or 6.1%.
Occupancy and equipment expense increased $45,000 or 8.1%.  Other
(miscellaneous) expenses decreased $209,000 or 14.4%.  As the result of
Federal legislation enacted to recapitalize the Savings Association Insurance
Fund, the Company took a $245,000 charge against earnings during the third
quarter of 1996.  The one-time assessment applied to thrift deposits acquired
by the Company in recent years.

Provision for Income Taxes.  The provision for income taxes for the quarter
ended September 30, 1997 was $651,000, compared to $552,000 for the same
period in 1996.  The increase was due to the increase in the Company's pre-tax
income.

ASSET QUALITY

Nonperforming loans totalled $2,693,000 or 0.9% of total loans at September
30, 1997, compared to $1,963,000 or 0.7% at December 31, 1996.  Nonperforming
loans at September 30, 1997 consisted of nonaccrual loans totalling $815,000,
90 day delinquent loans of $1,265,000, and restructured loans aggregating
$613,000.  Other real estate held totalled $358,000 at September 30, 1997,
compared to $607,000 at December 31, 1996.

CAPITAL RESOURCES

Stockholders' equity totalled $32,828,000 at September 30, 1997. The Company's
risk-based capital ratio was 12.2%, of which 11.0% constituted common
stockholder equity, while the risk-based capital ratio for the Company's bank
subsidiary, Wheeling National Bank, was 12.5%, with common stockholders'
equity of 11.2%.  At September 30, 1997 the Company's leverage capital ratio
was 6.5%, while the leverage ratio for Wheeling National Bank was 6.7%.

<TABLE>
<CAPTION>

                         Three months ended September 30,       Nine months ended September 30,
                               1997               1996               1997                1996          
                         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>       <C>        <C>
 Loans
  Commercial . . . . . . $ 92,378   9.61%    $ 73,253  9.08%    $ 91,130   9.29%     $ 70,239  9.20%
  Real estate. . . . . .  143,992   8.14      129,856  8.35      140,351   8.07       126,225  8.28
  Installment-net. . . .   47,986   8.81       52,307  8.94       47,996   8.83        53,254  8.97
   Total loans . . . . .  284,356   8.91      255,416  8.94      279,477   8.80       249,718  8.87
 Investment securities
  Taxable. . . . . . . .  153,301   6.70      129,000  6.53      151,423   6.66       107,298  6.01
  Tax-exempt . . . . . .    1,028   8.41        1,882  6.84        1,109   8.30         2,011  6.64
   Total investment
    securities . . . . .  154,329   6.71      130,882  6.54      152,532   6.67       109,309  6.02
 Other short-term
   investments . . . . .    2,777  12.04        2,632  6.24        3,146  11.21         5,112  8.34
    Total interest
     earning assets. . . $441,462   8.16     $388,930  8.11     $435,155   8.07      $364,139  8.01
INTEREST BEARING LIABILITIES 
  Deposits
   NOW, Savings
    and MMDA . . . . . . $122,804   2.73%    $129,811  2.66%    $124,854   2.67%     $129,686  2.63%
   Time. . . . . . . . .  185,189   5.54      149,688  5.07      174,228   5.38       146,757  5.03
    Total deposits . . .  307,993   4.42      279,499  3.95      299,082   4.25       276,443  3.90
  Short-term borrowings.   87,058   5.63       69,338  5.25       92,771   5.46        47,288  5.10
  Long-term debt . . . .      928   8.58        1,040  8.88          932   8.44         1,043  8.42
    Total interest
     bearing liabilities $395,979   4.69     $349,877  4.22     $392,785   4.54      $324,774  4.09

MARGIN ANALYSIS
 (as a % of earning assets)
 Interest income . . . . .          8.16%              8.11%               8.07%               8.01%
 Interest expense. . . . .          4.21               3.80                4.10                3.65
 Net interest income . . .          3.95%              4.31%               3.97%               4.36%

<FN>
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
    September 23, 1997       5.       Other Events - 2 for 1 Stock Split


                        
                                  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 12, 1997                 /s/ Jeremy C. McCamic
                                        Jeremy C. McCamic
                                        Chairman and Chief Executive Officer


Date: November 12, 1997                 /s/ Brent E. Richmond
                                        Brent E. Richmond
                                        Chief Financial and
                                        Accounting Officer