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                March 31, 1999
                    --------------------------------------------------------

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.

        April 2, 1999: 3,129,674 shares of Common stock without par value


                                         Number of pages comprising
                                         this report. . . . . . . . .  12

                                                             
<PAGE>


AMERICAN BANCORPORATION FORM 10-Q Quarterly Report
March 31, 1999





TABLE OF CONTENTS

Part I       FINANCIAL INFORMATION
Item  1      Financial Statements
                 Condensed Consolidated Balance Sheet....................      3
                 Condensed Consolidated Statement of Income..............      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
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


                                        2

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AMERICAN BANCORPORATION FORM 10-Q Quarterly Report
March 31, 1999


                                        American Bancorporation and Subsidiaries

<TABLE>
<CAPTION>

CONSOLIDATED BALANCE SHEET
                                                          March 31,             December 31,
                                                    1999            1998             1998
<S>                                           <C>              <C>             <C>  
                                          
ASSETS
Cash and due from banks ...................   $  15,208,281    $  12,096,053   $  12,316,176
Federal funds sold ........................       8,096,025        6,291,000      17,747,025
Investment securities available for sale ..     300,929,464      192,433,075     263,827,239

Loans, net of unearned income .............     307,900,341      287,828,127     300,621,884
  Less allowance for loan losses ..........       3,028,522        3,218,426       3,042,269
                                              -------------    -------------   -------------
                                                304,871,819      284,609,701     297,579,615
Due from broker ...........................      17,081,291             --              --
Premises and equipment - net ..............       9,700,257        9,981,773       9,735,582
Accrued interest receivable ...............       4,064,177        3,350,624       3,393,337
Excess of cost over net assets purchased ..       1,564,013        1,885,071       1,633,464
Other assets ..............................       6,684,211        4,787,968       5,173,024
                                              -------------    -------------    -------------
     TOTAL ASSETS .........................   $ 668,199,538    $ 515,435,265   $ 611,405,462
                                              =============    =============    =============

LIABILITIES
 Deposits
   Non-interest bearing ...................   $  36,682,582    $  33,494,284   $  39,497,617
   Interest bearing .......................     393,648,852      349,756,791     391,742,578
                                              -------------    -------------    -------------
       TOTAL DEPOSITS .....................     430,331,434      383,251,075     431,240,195
 Short-term borrowings ....................     165,223,065       88,257,113     123,891,183
Due to broker .............................      16,026,227              --               --   
 Accrued interest payable .................       2,375,242        1,808,684       2,306,854
 Other liabilities ........................       5,240,622        5,351,214       4,858,495
 Long-term debt ...........................           7,609        2,020,541          11,242
 Company obligated mandatorily redeemable 
  trust preferred securities of subsidiary 
  trust holding solely junior subordinated 
  debentures of the Company                      12,650,000             --        12,650,000
                                              -------------    -------------    ------------
    TOTAL LIABILITIES ......................    631,854,199      480,688,627     574,957,969

STOCKHOLDERS' EQUITY
  Preferred stock ...........................            --               --              --
  Common stock without par value, stated value
   $5, 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 ........................     19,245,310       15,827,526      18,430,141
 Accumulated other comprehensive income,
      (loss) net of income tax .............     (1,026,138)         792,945        (108,815)
                                              -------------    -------------    -------------
    TOTAL STOCKHOLDERS' EQUITY .............     36,345,339       34,746,638      36,447,493
                                              -------------    -------------    -------------
    TOTAL LIABILITIES AND
              STOCKHOLDERS' EQUITY .........  $ 668,199,538    $ 515,435,265   $ 611,405,462
                                              =============    =============    =============
</TABLE>



                                        3

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AMERICAN BANCORPORATION FORM 10-Q Quarterly Report 
March 31, 1999




                                        American Bancorporation and Subsidiaries

CONSOLIDATED STATEMENT OF INCOME


                                       Three Months ended March 31,
                                           1999         1998
                                       -----------   -----------
INTEREST INCOME
 Loans .............................   $ 6,486,015   $ 6,305,911
 Investment securities
  Taxable interest income ..........     3,756,007     2,917,727
  Non-taxable interest income ......       545,879        22,771
                                       -----------   -----------
                                         4,301,886     2,940,498
 Short-term investments ............       123,373        81,445
                                       -----------   -----------
   Total interest income ...........    10,911,274     9,327,854

INTEREST EXPENSE
 Deposits ..........................     4,445,526     3,843,092
 Borrowed funds ....................     2,162,026     1,221,436
                                       -----------   -----------
   Total interest expense ..........     6,607,552     5,064,528
                                       -----------   -----------
     NET INTEREST INCOME ...........     4,303,722     4,263,326
PROVISION FOR LOAN LOSSES ..........        75,000        60,000
                                       -----------   -----------
 Net interest income after
    provision for loan losses ......     4,228,722     4,203,326
OTHER INCOME
 Service charges on deposit accounts       172,265       166,980
 Securities gains ..................       267,812       156,000
 Net gains on sale of loans ........       185,582       459,055
 Insurance commissions .............        19,044        20,148
 Other income ......................       354,937       194,231
                                       -----------   -----------
   Total other income ..............       999,640       996,414
OTHER EXPENSE
 Salaries and employee benefits ....     1,772,794     1,595,115
 Occupancy and equipment expense ...       633,692       580,955
 Other expenses ....................     1,235,864     1,215,706
                                       -----------   -----------
   Total other expense .............     3,642,350     3,391,776
                                       -----------   -----------
INCOME BEFORE INCOME TAXES .........     1,586,012     1,807,964
PROVISION FOR INCOME TAXES .........       301,392       554,457
                                       -----------   -----------
NET INCOME .........................   $ 1,284,620   $ 1,253,507
                                       ===========   ===========


  Average Shares Outstanding .......     3,129,674     3,129,674

    BASIC EARNINGS PER SHARE .......   $      0.41   $      0.40

                                        4

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AMERICAN BANCORPORATION FORM 10-Q Quarterly Report
March 31, 1999


                                        American Bancorporation and Subsidiaries

<TABLE>
<CAPTION>

CONSOLIDATED STATEMENT OF CASH FLOWS
                                                                     Three months ended March 31,
                                                                          1999           1998
<S>                                                                 <C>            <C>                                  
Operating Activities:
     Net Income .................................................   $  1,284,620    $  1,253,507
      Adjustments to reconcile net income
        to net cash from operating activities:
      Depreciation ..............................................        216,623         207,446
      Amortization of intangibles ...............................         69,451          83,869
      Net amortization of premium on investment securities ......        337,493         152,850
      Provision for loan losses .................................         75,000          60,000
      Net gain on sale of investment securities .................       (267,812)       (156,000)
      Net gain on sale of loans .................................       (185,582)       (459,055)
     Change in assets and liabilities net of effects
        from the purchase of branch assets:
      Net increase in accrued interest receivable ...............       (670,840)       (637,384)
      Net increase in accrued interest payable ..................         68,388          26,016
      Real estate mortgage loans originated for sale ............    (26,493,845)    (29,691,971)
      Proceeds from sale of real estate mortgage loans ..........     26,138,924      30,147,069
      Net increase in other assets ..............................       (737,288)       (433,486)
      Net increase in other liabilities .........................        382,127       1,039,876
      Net decrease from other operating activities ..............       (162,966)       (525,770)
                                                                    ------------    ------------
          Net cash provided by operating activities .............         54,293         611,869
  Investing Activities:
     Investment securities available for sale:
           Proceeds from maturities and repayments ..............     27,988,859      33,682,122
           Proceeds from sales ..................................           --           576,000
           Purchases ............................................    (67,744,083)    (57,406,903)
     Change in loans, net of real estate mortgage
        loans originated for sale ...............................     (6,826,701)     (1,259,031)
         Purchase of premises and equipment .....................       (181,298)       (119,842)
     Proceeds from sale of premises and equipment ...............           --             1,000
                                                                    ------------    ------------
         Net cash used by investing activities ..................    (46,763,223)    (24,071,556)
   Financing Activities:
     Net decrease in non-interest bearing demand deposits .......     (2,815,035)        (18,428)
     Net increase in interest bearing demand and savings deposits         73,875       1,646,547
     Net increase in time deposits ..............................      1,832,399      25,888,624
     Net increase (decrease) in short-term borrowings ...........     41,331,882         682,961
     Issuance (principal repayment) of long-term debt ...........         (3,633)        595,741
     Cash dividends paid ........................................       (469,453)       (391,209)
                                                                    ------------    ------------
          Net cash provided by financing activities .............     39,950,035      28,404,236
                                                                    ------------    ------------
    Net Increase (Decrease) in Cash and Cash Equivalents ........     (6,758,895)      4,944,549

   Cash and Cash Equivalents Beginning Balance ..................     30,063,201      13,442,504
                                                                    ------------    ------------
   Cash and Cash Equivalents Ending Balance .....................   $ 23,304,306    $ 18,387,053
                                                                    ============    ============

Supplemental disclosure of cash-flow information:
     Non-cash investing and financial activities:
      Securities purchased not settled ..........................     16,026,227            --
      Securities sold not settled ...............................     16,813,479            --
</TABLE>


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<PAGE>


AMERICAN BANCORPORATION FORM 10-Q Quarterly Report
March 31, 1999



                                        American Bancorporation and Subsidiaries


CONSOLIDATED STATEMENT OF
CHANGES IN STOCKHOLDERS' EQUITY
Three months ended March 31, 1999 and 1998

                                                  1999            1998
                                             ------------    ------------
Balance at January 1, ....................   $ 36,447,493    $ 33,693,846
Comprehensive results:
 Net Income ..............................      1,284,620       1,253,507
 Other comprehensive income, net of tax ..       (719,971)        236,994
 Reclassification adjustment, net of tax .       (197,352)        (46,500)
                                             ------------    ------------
 Total comprehensive results .............        367,297       1,444,001
 Dividends declared ($0.15 per share 1999,
      $0.125 per share 1998) .............       (469,451)       (391,209)
                                             ------------    ------------
Balance at March 31, .....................   $ 36,345,339    $ 34,746,638
                                             ============    ============



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 1998 Annual Report to Stockholders should be read in
conjunction  with these  statements.  Certain  prior  period  amounts  have been
reclassified to conform to the current period classification.



                                        6

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AMERICAN BANCORPORATION FORM 10-Q Quarterly Report
March 31, 1999


MANAGEMENT'S DISCUSSION AND ANALYSIS
     OF FINANCIAL POSITION 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 1998 Annual
Report and the financial statements appearing elsewhere herein.

SUMMARY
     American Bancorporation (the "Company") recognized net income of $1,285,000
or $0.41 basic  earnings  per share,  for the three months ended March 31, 1999,
compared to net income of $1,254,000 or $0.40 basic earnings per share,  for the
three  months  ended  March 31,  1998.  Return on  average  assets and return on
average equity were 0.80% and 14.02%,  respectively,  for the three months ended
March 31, 1999 compared to 1.00% and 14.52%, respectively,  for the three months
ended March 31, 1998.

     Total assets at March 31, 1999 increased to $652,173,000, from $515,435,000
at March 31, 1998, an increase of 26.5%.  Deposits  increased to $430,331,000 at
March 31, 1999, from $383,251,000 at March 31, 1998, an increase of 12.3%. Total
stockholders'  equity was $36,345,000 at March 31, 1999, which represents a 4.6%
increase over total stockholders' equity of $34,747,000 at March 31, 1998.


RESULTS OF OPERATIONS
     QUARTER COMPARISON

     Net Income.  Net income for the three months ended March 31, 1999  amounted
to  $1,285,000,  or $0.41 basic  earnings  per share,  compared to net income of
$1,254,000 or $0.40 basic  earnings per share,  for the three months ended March
31, 1998. The increase was the result of an increase in net interest  income and
a decrease in income  taxes which was  partially  offset by  increases  in other
expense and provision for loan losses.

     Net Interest  Income.  Net interest income before provision for loan losses
for the three months ended March 31, 1999 amounted to $4,304,000, an increase of
$40,000 or 0.9%, compared to the three months ended March 31, 1998. The increase
resulted  primarily from a  $135,645,000  increase in average  interest  earning
assets  ,  which  was  partially  offset  by a 77 basis  point  decrease  in the
Company's margin.

     Total interest income for the three months ended March 31, 1999 amounted to
$10,911,000,  an increase of $1,583,000  or 17.0%,  compared to the three months
ended March 31, 1998. The increase  resulted  primarily from the increase in the
average  interest  earning assets which was partially offset by a 72 basis point
decrease in the  average  yield on earning  assets.  Average  loans  outstanding
increased   $18,720,000  or  6.5%  with  average   commercial  loans  increasing
$26,519,000 or 27.9%,  while average real estate loans  decreased  $6,031,000 or
4.3% and average consumer  installment  loans decreased  $1,767,000 or 3.6%. The
average yield on loans  decreased  from 8.80% in 1998 to 8.50% in 1999.  Average
investment  securities and other short-term  investments  outstanding  increased
$116,924,000  or 62.7% while the average yield  decreased  from 6.48% in 1998 to
5.83% in 1999.

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AMERICAN BANCORPORATION FORM 10-Q Quarterly Report
March 31, 1999


     Total  interest  expense for the three months ended March 31, 1999 amounted
to $6,608,000,  an increase of $1,543,000 or 30.5%, compared to the three months
ended March 31,  1998.  The  increase  resulted  primarily  from a  $131,526,000
or30.83%  increase in average interest bearing  liabilities.  Average NOW, money
market and savings accounts decreased  $2,114,000 or 1.8%. Average time deposits
increased  $55,387,000  or 25.3%,  primarily  the result of increased  marketing
efforts. Average non-interest bearing accounts increased $4,232,000 or 13.1% and
represented  8.5% of average total deposits for the three months ended March 31,
1999. Average short-term  borrowings  increased  $67,549,000 or 78.8%, while the
average rate paid on short-term borrowings decreased from 5.46% in 1998 to 4.92%
in 1999.

      Provision  for Loan Losses.  The loan loss  provision for the three months
ended  March 31,  1999 was  $75,000,  compared to $60,000 for the same period in
1998.

     Other  Income.  Other  income for the three  months  ended  March 31,  1999
amounted to  $1,000,000,  an  increase  of $3,000 or 0.3%  compared to the three
months ended March 31,  1998.  Net gains on sale of loans  decreased  $53,000 or
11.6%.  Net gains on sale of investment  securities  totalled  $268,000 in 1999,
compared to $156,000 in 1998.

     Other  Expense.  Total other  expense for the three  months ended March 31,
1999 amounted to  $3,642,000,  an increase of $251,000 or 7.4%,  compared to the
three  months ended March 31, 1998.  Salaries  and employee  benefits  increased
$178,000 or 11.1%.  Occupancy and equipment  expense  increased $53,000 or 9.1%.
Other (miscellaneous) expenses increased $20,000 or 1.7%.

     Provision  for Income  Taxes.  The provision for income taxes for the three
months  ended March 31, 1999 was  $301,000,  compared to $554,000  for the three
months ended March 31, 1998.  The decrease is primarily the result of additional
tax-exempt income in 1999.


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AMERICAN BANCORPORATION FORM 10-Q Quarterly Report
March 31, 1999



ASSET QUALITY

         Nonperforming loans totalled $2,730,000 or 0.9% of total loans at March
31, 1999,  compared to  $2,960,000  or 1.0% at December 31, 1998.  Nonperforming
loans at March 31, 1999 consisted of nonaccrual loans totalling  $1,087,000,  90
day delinquent loans of $1,318,000, and restructured loans aggregating $325,000.
Other real estate held totalled $346,000 at March 31, 1999, compared to $183,000
at December 31, 1998.

CAPITAL RESOURCES

         Stockholders'  equity  totalled  $36,345,000  at March  31,  1999.  The
Company's  risk-based capital ratio was 16.1%, of which 15.0% constituted common
stockholder  equity,  while the risk-based  capital ratio for the Company's bank
subsidiary,  Wheeling National Bank, was 14.7%, with common stockholders' equity
of 13.7%. At March 31, 1999 the Company's leverage capital ratio was 7.6%, while
the leverage ratio for Wheeling National Bank was 7.0%.

YEAR 2000 COMPLIANCE

        The  Company  may  be  exposed  to  potential  losses  due  to  business
interruption or errors which could result if any of its computer systems are not
modified to ensure that dates beginning in January,  2000 are not misinterpreted
by the system as January,  1900.  This is commonly  referred to as the Year 2000
Issue. A number of computer systems which are affected by Year 2000 are utilized
by the Company to operate its day-to-day business.

        Management  has  established a task force to develop and maintain a Year
2000 Compliance  Plan. The Company's Year 2000 Compliance Plan has been prepared
in  accordance  with the  Federal  Financial  Institutions  Examination  Council
("FFIEC")  guidelines on Year 2000  Compliance  and involves the following  five
phases: awareness,  assessment,  renovation,  validation and implementation.  To
date, the Company has completed the awareness,  assessment and renovation phases
of the Year 2000 Compliance Plan.

        The  validation/testing  phase of mission  critical third party hardware
and software  systems  required by the FFIEC has been completed,  noting no Year
2000  compliance  issues.  The Company is  expected  to  complete  the Year 2000
project no later than June 30, 1999.

        The Company has contacted  large  commercial  customers and  significant
suppliers  to  determine  their  capability  to resolve the Year 2000 issues and
attain  compliance.  Risk ratings have been assigned to customers and suppliers.
Further contact will occur based on survey results.

        The Company has prepared general contingency plans to address unforeseen
Year 2000 issues.  Contingency plans will be continuously  monitored and updated
as conditions change throughout 1999 and into the Year 2000.

        The Company has estimated that direct costs for Y2K compliance  will not
be material.

        Y2K  problems  which are inherent in the  regional,  national and global
banking and payments system are expected to be brought into compliance,  but are
completely beyond the Company's control.



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AMERICAN BANCORPORATION FORM 10-Q Quarterly Report
March 31, 1999




                                              Three months ended March 31,
                                              1999                   1998
                                        ----------------       ---------------
                                         Average  Yield/      Average     Yield/
                                         Balance   Rate       Balance      Rate
INTEREST EARNING ASSETS                  (000's)              (000's)
 Loans
  Commercial........................    $121,725    8.57%     $ 95,206     9.11%
  Real estate.......................     135,878    8.14       141,910     8.33
  Installment-net..................       47,714    8.39        49,481     8.42
                                        --------              --------
   Total loans   ...................     305,317    8.50       286,597     8.80
 Investment securities
  Taxable...........................     247,215    6.08       181,246     6.44
  Tax-exempt.......................       47,244    4.62         1,089     8.37
                                        --------             ---------
   Total investment securities   ...     294,459    5.84       182,335     6.45
 Other short-term investments......        9,007    5.48         4,207     7.74
                                        --------             ---------
    Total interest earning assets...    $608,784    7.17      $473,139     7.88
                                        ========              ========
INTEREST BEARING LIABILITIES
  Deposits
   NOW, Savings and MMDA.............   $118,016    2.26%     $120,130     2.63%
   Time.............................     274,184    5.51       218,797     5.58
                                       ---------              --------
    Total deposits..................     392,200    4.53       338,927     4.54
  Short-term borrowings.............     153,315    4.92        85,766     5.46
  Long-term debt....................      12,659    8.71         1,955    10.17
                                       ---------              --------
    Total interest
        bearing liabilities..........   $558,173    4.74      $426,648     4.75
                                        ========              ========

MARGIN ANALYSIS
 (as a % of earning assets)
 Interest income....................                7.17%                  7.88%
 Interest expense....................               4.34                   4.28
                                                    ----                   ----
 Net interest income................                2.83%                  3.60%
                                                    ====                   ====

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.



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AMERICAN BANCORPORATION FORM 10-Q Quarterly Report
March 31, 1999


Item 3.  Quantitative and Qualitative Disclosures about Market Risk

            Quantitative  and  qualitative  disclosures  about  market  risk are
presented at December 31, 1998 in Item 7a of the Company's Annual Report on Form
10-K filed with the SEC on March 31, 1999.  Management  believes there have been
no material changes in the Company's market risk since December 31, 1998.


PART II - OTHER INFORMATION



Item  6.  Exhibits and Reports on Form 8-K

          B. Reports on Form 8-K:

              Date                 Item             Description
         None





                                       11

<PAGE>




                                   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       May 14, 1999                                   /s/ Jeremy C. McCamic
    ----------------------------                       ------------------------
                                                         Jeremy C. McCamic
                                                         Chairman and
                                                         Chief Executive Officer


Date        May 14, 1999                                  /s/ Brent E. Richmond
     ----------------------------                       ------------------------
                                                         Brent E. Richmond
                                                         Executive Vice 
                                                         President and
                                                         Chief Operating Officer


Date          May 14, 1999                               /s/ Jeffrey A. Baran
     ------------------------------                    -------------------------
                                                         Jeffrey A. Baran
                                                         Chief Financial Officer


                                       12