**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 endedJune 30, 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.

August 14, 2001:   3,129,674 shares of Common stock without par value



Number of pages comprising

this report. . . . . . . . .13

**TABLE OF CONTENTS**

**Part I****FINANCIAL INFORMATION**

Item  1   	Financial Statements

Condensed Consolidated Balance Sheets	      3

Condensed Consolidated Statements of Income	      4

Condensed Consolidated Statements of

Cash Flows	       5

Condensed Consolidated Statements of

Stockholders' Equity	       6

Notes to the Condensed Consolidated 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	      12

**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	       12

Item  5   		Other Information	  None

Item  6   		Exhibits and Reports on Form 8-K	  None

**SIGNATURES**	      	       13

Part 1	Financial Information

Item 1	Financial Statements

CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED)

**June 30,                    December 31,**

**2001       2000     2000**

**ASSETS**

Cash and due from banks	 **$  10,632,893**	$  10,914,263	$   9,962,874

Federal funds sold	 **21,797,000**	 3,520,297	4,530,000

Investment securities available for sale	**261,933,951**	282,030,874	272,045,286

Loans, net of unearned income	**367,222,488**	404,086,996	389,524,004

Less allowance for loan losses	**3,143,368**3,400,288	3,252,073

**364,079,120**	400,686,708	386,271,931

Premises and equipment - net	       **9,273,953**	 9,945,927	9,538,072

Accrued interest receivable	       **4,162,598**	4,608,824	4,736,395

Excess of cost over net assets acquired 	     **1,475,200**	1,813,919	1,643,066

Other assets	**16,287,216**12,385,995	16,488,437

TOTAL ASSETS	 **$689,641,931**	$725,906,807	$705,216,061

******LIABILITIES**

Deposits

Non-interest bearing	**$  39,970,722**	$ 39,598,730	$ 41,213,045

Interest bearing	**446,686,719**427,941,193	454,935,807

TOTAL DEPOSITS	 **486,657,441**	 467,539,923	496,148,852

Borrowed funds	**141,173,774**	205,693,398	149,376,008

Accrued interest payable	        **3,604,107**	2,962,108	3,578,923

Other liabilities	 **2,079,599**     5,222,308      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	    **646,164,921**	694,067,737	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	      **25,636,636**	23,564,933	24,733,853

Accumulated other comprehensive

results, net of tax benefit	  **(285,793**

**)**   (9,852,030

)(2,298,687

)

TOTAL STOCKHOLDERS' EQUITY	 **43,477,010**31,839,070	    40,561,333

TOTAL LIABILITIES AND

STOCKHOLDERS' EQUITY	  **$689,641,931**	$725,906,807	$705,216,061



CONDENSED CONSOLIDATED STATEMENTS OF INCOME (UNAUDITED)

**Quarter ended June 30,     Six Months ended June 30,**

**2001    2000   2001    2000**

**INTEREST INCOME**

Loans	  **$ 7,739,806**	$8,397,188	                $15,934,096	$16,484,171

Investment securities

Taxable interest income	      **2,780,241**	 3,976,968	6,201,197	8,009,785

Non-taxable interest income	**913,023**760,501	1,671,732	  1,521,733

**3,693,264**	4,737,469	7,872,929	9,531,518

Short-term investments	 **295,564**56,373	  371,263	  117,093

Total interest income	  **11,728,634**	13,191,030	24,178,288	26,132,782

**INTEREST EXPENSE**

Deposits	 **5,688,812**	5,271,029	11,641,984	10,180,876

Borrowed funds	**2,378,375**3,422,070	4,801,849	6,811,920

Total interest expense	**8,067,187**8,693,099	  16,443,833	  16,992,796

**NET INTEREST INCOME**	**3,661,447**	4,497,931	7,734,455	9,139,986

**PROVISION FOR LOAN LOSSES**	   **225,000**295,000	       450,000	       475,000

Net interest income after

provision for loan losses	 **3,436,447**	4,202,931	7,284,455	8,664,986

**OTHER INCOME**

Service charges on deposit accounts	**241,310**	217,880	465,356	426,677

Net securities gains	           **96,447**

205	227,020

205

Net gains on sale of loans	        **16,899**	364,737	55,928	636,762

Insurance commissions	   **10,829**	21,976	28,357	 45,741

Other income	  **271,622**423,793	       556,506	       722,760

Total other income	**637,107**	 1,028,591	1,333,167	1,832,145

**OTHER EXPENSE**

Salaries and employee benefits	   **1,431,567**	1,677,535	2,927,591	3,360,518

Occupancy expense	**579,463**	648,226	1,209,309	1,320,471

Other expenses	**1,273,357**1,328,595	    2,521,364	    2,550,983

Total other expense	**3,284,387**3,654,356	    6,658,264	    7,231,972

**INCOME BEFORE INCOME TAXES**	**789,167**	1,577,166	1,959,358	3,265,159

**PROVISION (CREDIT) FOR INCOME TAXES**	**(32,411**

**)**320,314	       117,673	      667,480

**NET INCOME**	   **$    821,578**	$ 1,256,852	$ 1,841,685	$  2,597,679

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

BASIC EARNINGS PER SHARE	   **$         0.26**	$          0.40	$           0.59	$           0.83



CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

**Six months ended June 30,**

2001    2000

**Operating Activities:**

Net Income	**$ 1,841,685**	$  2,597,679

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

Depreciation	**428,368**	466,506

Amortization of intangibles	**167,866**	148,381

Net amortization of premium on investment securities	**198,652**	214,373

Provision for loan losses	**450,000**	475,000

Net gain on sale of mortgage servicing rights	**-**

****	(251,393

)

Net gain on sale of investment securities	      **(227,020**

**)**	(205

)

Net gain on sale of loans	**(55,928**

**)**	(636,762

)

Net (increase) decrease in accrued interest receivable	**573,797**

(138,892

)

Net increase in accrued interest payable	**25,184**	409,874

Real estate mortgage loans originated for sale	**(6,696,387**

**)**	(33,506,017

)

Proceeds from sale of real estate mortgage loans	**6,832,248**	30,730,233

Net increase in other assets	**(811,918**

**)**	 (1,639,987

)

Net increase (decrease) in other liabilities	**(821,346**

**)**	1,140,693



Net increase (decrease) from other operating activities	**(220,569**

**)**	150,266



Net cash provided by operating activities	  **1,684,632**

****	  159,749



**Investing Activities:**

Investment securities available for sale:

Proceeds from maturities and repayments	 **28,189,245**	25,095,192

Proceeds from sales	**38,471,489**	1,577,278

Purchases	 **(53,274,429**

**)**	(7,536,431

)

Proceeds from the sale of mortgage servicing rights	**-**	377,709

Net change in loans, net of real estate mortgage loans originated for sale	 **21,662,878**

****	(29,589,339

)

Purchase of premises and equipment	 **(164,249**

**)**      (183,225

)

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

Net cash provided by (used) in investing activities	 **34,884,934**

****	(10,140,519

)

**Financing Activities:**

Net increase (decrease) in non-interest bearing demand deposits	**(1,242,323**

**)**	 1,621,569



Net increase (decrease) in interest bearing

demand and savings deposits	  **(2,732,058**

**)**	 11,024,247



Net decrease in time deposits	   **(5,517,030**

**)**	(4,850,191

)

Net decrease in borrowed funds	   **(8,202,234**

**)**	(8,899,803

)

Proceeds received in branch acquisition, net of assets acquired	**-**	9,860,800

Cash dividends paid	**(938,902**

**)**(938,902

)

Net cash provided by (used) in financing activities	**(18,632,547**

**)**7,817,720

Net Increase (Decrease) in Cash and Cash Equivalents	**17,937,019**

****	(2,163,050

)

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

Cash and Cash Equivalents Ending Balance	**$32,429,893**	$14,434,560





******CONDENSED CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY (UNAUDITED)**

Six months ended June 30, 2001 and 2000

**2001       2000**

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

Comprehensive results:

Net Income	**1,841,685**	2,597,679

Unrealized security gain (loss), net of tax	      **2,005,526**

****	 1,993,635



Reclassification adjustment, net of tax	**7,368**

7,697



Total comprehensive results	       **3,854,579**

****	 4,599,011



Dividends declared ($0.30 per share 2001,

$0.30 per share 2000)	**(938,902**

**)**	(938,902

)

Balance at June 30,	**$43,477,010**	$31,839,070

******NOTES TO CONDENSED 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 is subject to approvals of the appropriate banking regulatory authorities and the
shareholders of the Company.

Under the terms of the Agreement, WesBanco would exchange WesBanco common stock
based upon a fixed exchange ration of 1.1 shares of WesBanco common stock for each share
of American Bancorporation common stock outstanding. The transaction would be
accounted for using the purchase method of accounting.  The Company granted an option
to WesBanco to purchase 622,805 shares of its common stock at $18.00 per share.

WesBanco's banking subsidiary, WesBanco Bank Inc., has received preliminary notification
from its bank regulatory agency of a downgrading of the bank's Community Reinvestment Act
rating.  The impact of this change could be anticipated to adversely affect the ability of
WesBanco to obtain regulatory approval needed to complete the transaction.



**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 condensed 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
changes in financial position during the interim periods presented.  The discussion should be read
in connection with the 2000 Annual Report to Stockholders and the condensed consolidated
financial statements appearing elsewhere herein.

******SUMMARY**

American Bancorporation (the "Company") recognized net income of $1,842,000 or $0.59
basic earnings per share, for the six months ended June 30, 2001, compared to net income of
$2,598,000 or $0.83 basic earnings per share, for the six months ended June 30, 2000.  Return on
average assets and return on average equity were 0.53% and 8.62%, respectively, for the six
months ended June 30, 2001 compared to 0.72% and 17.68%, respectively, for the six months
ended June 30, 2000.

Total assets at June 30, 2001 decreased to $689,642,000, from $725,907,000 at June 30, 2000,
a decrease of 5.0%.   Deposits increased to $486,657,000 at June 30, 2001, from $467,540,000 at
June 30, 2000, an increase of 4.1%.  Total stockholders' equity was $43,477,000 at June 30, 2001
compared with $31,839,000 at June 30, 2000, an increase of 36.6%.  Stockholders' equity,
excluding net unrealized gains and losses, totalled $43,763,000 at June 30, 2001, an increase of
$2,072,000 or 5.0% compared to June 30, 2000.  The unrealized loss on investment securities
available for sale, a result of market value adjustments, totalled $286,000 at June 30, 2001,
compared to $9,852,000 at June 30, 2000.  If these available for sale securities are held to
maturity, no market value adjustment will be realized.



**RESULTS OF OPERATIONS**

**SIX MONTH COMPARISON**

**Net Income.**Net income for the six months ended June 30, 2001 amounted to $1,842,000, or
$0.59 basic earnings per share, compared to net income of $2,598,000 or $0.83 basic earnings
per share, for the six months ended June 30, 2000.  The decrease was the result of decreases in
net interest income and other income which was partially offset by a decrease in the provision
for loan losses and a decrease in other expenses.

**Net Interest Income.**Net interest income before provision for loan losses for the six months
ended June 30, 2001 amounted to $7,734,000, a decrease of $1,406,000 or 15.4%, compared to
the six months ended June 30, 2000.  The decrease resulted primarily from a $31,069,000 or 4.5%
decrease in average interest earning assets and a 30 basis point decrease in the Company's net
interest margin.



****Total interest income for the six months ended June 30, 2001 amounted to $24,178,000 a
decrease of $1,955,000 or 7.5%, compared to the six months ended June 30, 2000.  The decrease
resulted primarily from a decrease in the average interest earning assets and a 24 basis point
decrease in the average yield on earning assets.   Average loans outstanding decreased
$18,310,000 or 4.6% with average commercial loans decreasing $5,350,000 or 3.3%, average real
estate loans decreasing $11,175,000 or 6.9% and average consumer installment loans decreasing
$1,786,000 or 2.5%.  The average yield on loans increased from 8.36% in 2000 to 8.47% in 2001.
Average investment securities and other short-term investments outstanding decreased
$12,759,000 or 4.4%, while the average yield decreased from 6.64% in 2000 to 5.94% in 2001.

****Total interest expense for the six months ended June 30, 2001 amounted to $16,444,000, a
decrease of $549,000 or 3.2% , compared to the six months ended June 30, 2000.   The decrease
resulted primarily from a $41,275,000 or 6.4% decrease in the average volume of interest bearing
liabilities which was partially offset by a 17 basis point increase in interest rates paid on such
liabilities.   Average NOW, money market and savings accounts decreased $3,573,000 or 2.3%.
Average time deposits increased $31,741,000 or 11.9%.  Average noninterest bearing accounts
increased $463,000 or 1.2% and represented 8.1% of average total deposits for the six months
ended June 30, 2001.  Average borrowed funds decreased $69,442,000 or 32.8%, while the
average rate paid on borrowed funds increased from 5.91% in 2000 to 5.97% in 2001.

**Provision for Loan Losses.**The loan loss provision for the six months ended June 30, 2001 was
$450,000, compared to $475,000 for the same period in 2000.  Net loans charged off totalled
$559,000 for the six months ended June 30, 2001, compared to $155,000 for the six months ended
June 30, 2000.  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 six months ended June 30, 2001 amounted to $1,333,000,
a decrease of 27.2%, compared to the six months ended June 30, 2000.  There were security gains
of $227,000 during the six months ended June 30, 2001, compared to net gains on sale of
investment securities of $205 in 2000.  Net gains on sale of loans totalled $56,000 in 2001
compared to $637,000 in 2000, a decrease of 91.2%.  Other miscellaneous income in 2000
included a $120,000 gain on sale of former branch property and a $251,000 gain on the sale of
mortgage servicing rights.

******Other Expense.**Total other expense for the six months ended June 30, 2001 amounted to
$6,658,000, a decrease of $574,000, compared to the six months ended June 30, 2000.  Salaries
and employee benefits decreased $433,000 or 12.9%.  Occupancy and equipment expense
decreased $111,000 or 8.4%.  Other miscellaneous expenses decreased $30,000 or 1.2%.

**Provision for Income Taxes.**The provision for income taxes for the six months ended June 30,
2001 was $118,000, compared to $667,000 for the six months ended June 30, 2000.  The decrease
is primarily the result of a decrease in income before taxes coupled with an increased level of
tax-free income.

******RESULTS OF OPERATIONS**

**QUARTER COMPARISON**

**Net Income.**  Net income for the quarter ended June 30, 2001 amounted to $822,000,
compared to net income of $1,259,000 for the quarter ended June 30, 2000.  The decrease was
the result of a decrease in net interest income and other income, which was partially offset by
decreases in other expenses and provision for income taxes.

**Net Interest Income.**  Net interest income before provision for loan losses for the quarter
ended June 30, 2001 amounted to $3,661,000, a decrease of $837,000 or 18.6%, compared to the
quarter ended June 30, 2000.  The decrease resulted primarily from a 37 basis point decrease in
the Company's net interest margin.



Total interest income for the quarter ended June 30, 2001 amounted to $11,729,000, a
decrease of $1,462,000 compared to the same period in 2000.  The decrease resulted primarily
from a $36,866,000 decrease  in the average interest earning assets along with a 47 basis point
decrease in the average yield on earning assets.  Average loans outstanding decreased
$29,761,000 or 7.4%.  Average commercial loans decreased $7,295,000 or 4.5%, average
consumer installment loans decreased $5,904,000 or 7.9%, while average real estate loans
decreased $16,562,000 or 10.1%.

Average investment securities and other short-term investments decreased $7,105,000 and
the yield decreased from 6.70% in 2000 to 5.71% in 2001.

****

Total interest expense for the quarter ended June 30, 2001 amounted to $8,067,000, a
decrease of $626,000 or 7.2%.  The decrease resulted primarily from a $44,714,000 or 6.9%
decrease in the average volume of interest bearing liabilities.  Average NOW, money market and
savings accounts decreased $5,602,000 or 3.5%.  Average time deposits increased $26,446,000
or 9.8%.  Average non-interest bearing accounts increased $2,000 and represented 8.1% of
average total deposits for the quarter ended June 30, 2001.  Average borrowed funds decreased
$55,558,000 or 25.4%, while the average rate paid on borrowed funds decreased from 6.11% in
2000 to 5.98% in 2001.

**Provision for Loan Losses.**The loan loss provision for the quarter ended June 30, 2001 was
$225,000, compared to $295,000 for same period in 2000.  Net loans charged off totalled $300,000
for the quarter ended June 30, 2001, compared to $91,000 for the quarter ended June 30, 2000.
The loan loss provision reflects management's assessment of the loan portfolio, general economic
conditions and past loan experience.

**Other Income.**  Other income amounted to $637,000 for the quarter ended June 30, 2001,
compared to $1,029,000 for the quarter ended June 30, 2001.  Securities gains totalled $96,000
for the quarter ended June 30, 2001 compared to $205 for the same period in 2000.  Net gains
on sale of loans totalled $17,000 for the quarter ended June 30, 2001, compared to $365,000 for
the quarter ended June 30, 2000, a decrease of 95.3%.  Other miscellaneous income for the
quarter ended June 30, 2000 included a $251,000 gain on the sale of mortgage servicing rights.

**Other Expense.**  Total other expense for the quarter ended June 30, 2001 amounted to
$3,284,000, a decrease of $370,000 or 10.1%, compared to the same period in 2000.  Salaries and
employee benefits decreased $246,000 or 14.7%.  Other miscellaneous expenses decreased
$56,000 or 4.2%.

**Provision (Credit) for Income Taxes.** The Company had a $32,000 credit for income taxes for
the quarter ended June 30, 2001, compared to a provision of $320,000 for the quarter ended
June 30, 2000.  The decrease is primarily the result of additional tax-exempt income in 2001 along
with a decrease in income before taxes. A benefit was recorded as a result of net tax-free interest
income exceeding pre-tax income.

******ASSET QUALITY**

Nonperforming loans totalled $1,957,000 or 0.5% of total loans at June 30, 2001, compared
to $3,389,000 or 0.8% of total loans at June 30, 2000.  Nonperforming loans at June 30, 2001
consisted of nonaccrual loans totalling $582,000, 90 day delinquent loans of $1,128,000, and
restructured loans aggregating $247,000. Other real estate totalled $665,000 at June 30, 2001,
compared to $278,000 at June 30, 2000.

**CAPITAL RESOURCES**

Stockholders' equity totalled $43,477,000 at June 30, 2001. The Company's risk-based capital
ratio was 14.5%, of which 13.7% constituted common stockholder equity, while the risk-based
capital ratio for the Company's bank subsidiary, Wheeling National Bank, was 13.9%, with
common stockholder equity of 13.1%.  At June 30, 2001 the Company's leverage capital ratio was
7.9%, while the leverage ratio for Wheeling National Bank was 7.6%.

**NEW ACCOUNTING STANDARDS**

In July of 2001, the Financial Accounting Standards Board issued Statement No. 141, "Business
Combinations", and Statement No. 142, "Goodwill and Other Intangible Assets".

Statement No. 141 requires all business combinations to be accounted for using the purchase
method of accounting as use of the pooling-of-interests method is prohibited.  In addition, this
Statement requires that negative goodwill that exists after the basis of certain acquired assets is
reduced to zero should be recognized as an extraordinary gain.  The provisions of this Statement
apply to all business combinations initiated after June 30, 2001.

Statement No. 142 prescribes that goodwill associated with a business combination and
intangible assets with an indefinite useful life should not be amortized but should be tested for
impairment at least annually.  The Statement requires intangibles that are separable from
goodwill and that have a determinable useful life to be amortized over the determinable useful
life.  The provisions of this Statement will become effective for the Company in January of 2002.
Upon adoption of this statement, goodwill and other intangible assets arising from acquisitions
completed before July 1, 2001 should be accounted for in accordance with the provisions of this
Statement.  This transition provision could require a reclassification of a previously separately
recognized intangible to goodwill and vice versa if the intangibles in question do not meet the
new criteria for classification as a separately recognizable intangible.

Adoption of these statements is not expected to have a material impact on the Company's
financial condition or results of operations.

Three months ended June 30,                    Six months ended June 30,

2001     2000          2001    2000

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)

Loans

Commercial	    $154,992	8.62

%	$162,287	8.85

%	            $154,786	8.82

%	$ 160,135	 8.76

%

Real estate	      147,790	7.72	164,352	7.66	151,252	7.81	162,427	7.68

Installment-net	    68,372	8.52	74,276	8.31	70,156	8.49	71,942	8.29

Total loans   	      371,154	8.34	400,915	8.38	376,194	8.47	394,504	8.36

Investment securities

Taxable	      171,763	6.47	226,184	7.03	188,200	6.59	230,541	6.95

Tax-exempt	   82,241	4.44	57,413	5.30	72,568	4.61	57,075	5.33

Total investment securities  	      254,004	5.82	283,597	6.68	260,767	6.04	287,616	6.63

Other short-term investments	  25,273	 4.68	2,785	 8.10	16,982	 4.37	2,892	 8.10

Total interest earning assets	   $650,431	7.21	$687,297	7.68	$653,943	7.39	$685,012	7.63

**INTEREST BEARING LIABILITIES**

Deposits

NOW, Savings and MMDA	   $153,464	3.04

%	$159,066	3.56

%	$152,017	3.26

%	$155,590	3.43

%

Time	   295,340	6.13	268,894	5.74	297,966	6.15	266,225	5.64

Total deposits	     448,804	5.07	427,960	4.93	449,983	5.17	421,815	4.83

Borrowed funds	      140,567	5.98	206,125	6.11	142,537	5.97	211,979	5.91

Long-term debt	   12,6508.70	12,650	8.70	12,650	8.70	12,650	8.70

Total interest

bearing liabilities	   $602,021	5.36	$646,735	5.38	$605,170	5.43	$646,444	5.26

**MARGIN ANALYSIS**

(as a % of earning assets)

Interest income	                        7.21

%	7.68

%	7.39

%	7.63

%

Interest expense	                        4.96	5.06	5.02	4.96

Net interest income	                        2.25

%	2.62

%	2.37

%	2.67

%

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 4.   Submission of Matters to a Vote of Securities Holders**

The Annual Meeting of Shareholders was held May 16, 2001.  Proxies were solicited
pursuant to Regulation 14 of the 1934 Act.  Shares represented in person or by proxy totalled
1,300,533 or 41.55% of the shares then outstanding.  Shareholders approved by affirmative vote
the following proposals:

1.	To fix the number of positions for director at 10, with 2 vacancies that may

be filled by the Board of Directors:

**Vote For:** 1,286,464      **Against:** 10,824    **Abstain:** 3,245

2.	To elect Jack O. Cartner and Paul W. Donahie directors for a three year term.

******Vote For       Vote Withheld        Abstain**

****Jack O. Cartner      	1,294,104	6,429	0

Paul W. Donahie  	1,007,956	292,577	0

****

Continuing in the position of director were the following:

**Term Expiring**

Abigail M. Feinknopf		2002

Jay T. McCamic		2002

Jeffrey W. McCamic		2002

Jeremy C. McCamic		2003

Jolyon W. McCamic		2003

John J. Malik, Jr.		2003

******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 8/14/01                    	 /s/ Jeremy C. McCamic

Jeremy C. McCamic

Chairman and

Chief Executive Officer

Date 8/14/01                      /s/ Brent E. Richmond

Brent E. Richmond

President and

Chief Operating Officer



Date 8/14/01   	/s/ Jeffrey A. Baran

Jeffrey A. Baran

Chief Financial Officer