<PAGE>
                                                                    EXHIBIT 22.1

                             AMERICAN BANCORP, INC.
                             321 East Landry Street
                           Opelousas, Louisiana 70570

                       PROXY STATEMENT FOR ANNUAL MEETING
                          TO BE HELD ON APRIL 10, 2002

                                    GENERAL

         Solicitation of Proxies. The accompanying proxy is solicited by and on
behalf of the Board of Directors of American Bancorp, Inc. (the Corporation),
for use at the annual meeting of shareholders to be held April 10, 2002, at the
time and place set forth in the accompanying Notice of Meeting, or any
adjournment or adjournments thereof. The principal executive offices of the
Corporation and its wholly-owned subsidiary, American Bank & Trust Company (the
Bank), are located at 321 East Landry Street, Opelousas, Louisiana 70570. The
date on which this Proxy Statement and the enclosed form of proxy were first
sent to shareholders is approximately March 27, 2002.

         All expenses of preparing, printing and mailing the proxy, this Proxy
Statement, and any other materials, and all expenses incurred in solicitation,
will be borne by the Corporation. The Corporation expects to solicit proxies
primarily by mail. Proxies also may be solicited in person or by telephone or
telegraph by directors, officers and other employees of the Corporation or the
Bank, none of whom will receive additional compensation for such services, but
who may be reimbursed for any actual expenses incurred, which expenses are
estimated not to exceed the aggregate sum of $2,000. The Corporation also may
request brokerage houses, custodians and nominees, if any such persons are
listed as record owners of the Corporation's common stock, to forward these
materials to the beneficial owners of the stock held of record by them and pay
the reasonable expenses of such persons for forwarding the material.

         Voting and Revocation of Proxies. Only shareholders of record at the
close of business on February 14, 2002, are entitled to notice of and to vote at
the meeting. On that date, the Corporation had outstanding 116,589 shares of
common stock, each share of which is entitled to one (1) vote on all matters
presented to the shareholders at the meeting. To the knowledge of the
Corporation, all persons beneficially owning more than five percent (5%) of its
outstanding voting securities are listed in the section entitled "Shareholders
Owning More Than 5% of Outstanding Shares" on page 4 of this Proxy Statement.

         The shares represented by any proxy in the enclosed form, if the proxy
is properly executed and received at or prior to the meeting, will be voted in
accordance with the specifications made thereon. Proxies received on which no
specification is made will be voted for the election of the five nominees named
herein as directors and in favor of the remaining proposal as set forth on the
enclosed proxy. Proxies are revocable by providing written notice of revocation
to the Secretary and Treasurer of the Corporation, Ronald J. Lashute, at any
time prior to their exercise or by submitting a later dated proxy to the
Secretary at or before the annual meeting. Written revocations of proxy and
later dated proxies may be presented to the Secretary in person or mailed to:
Ronald J. Lashute, Executive Vice-President and Chief Executive Officer,
American Bank & Trust Company, P. O. Box 1819, Opelousas, Louisiana 70571-1819.
The execution and return of the enclosed proxy will not affect a shareholder's
right to attend the meeting and vote in person. Proxies will, however, be deemed
revoked by attendance and voting at the annual meeting.




<PAGE>

                        SECURITY OWNERSHIP OF MANAGEMENT

         The five (5) members of the Board of Directors of the Corporation and
the two (2) executive officers of the Corporation (both of whom also serve on
the Board of Directors), as a group own, directly or indirectly, 45,177 (38.7%)
shares of the common stock of the Corporation. See "Election of Directors" for
the stock ownership of individual directors.

                             ELECTION OF DIRECTORS

         The Articles of Incorporation of the Corporation provide that the
number of directors will be designated in the Bylaws of the Corporation, or, if
not so designated, will be the number elected from time to time by the
shareholders. The Bylaws of the Corporation provide for a board of five (5)
directors.

         The information below lists each nominee for director of the
Corporation, each of whom currently serves as a director, setting forth his
address, age, principal occupation or employment, and amount and percentage of
beneficial ownership of common stock of the Corporation as of February 14, 2002.
Each person listed below has been named as a nominee for election as a director
at the meeting to which this Proxy Statement relates. Directors are elected to
hold office until the next annual meeting of shareholders unless they sooner
become disqualified, or until such time as their successors are elected and have
qualified. Unless otherwise indicated, all nominees have been with the same
organization in essentially the same position as listed below for the past five
years, and the nominees beneficially own, with sole voting and investment power,
the shares listed below. The nominees, except Ronald J. Lashute, are also
members of the Board of Directors of the Corporation's subsidiary, American Bank
& Trust Company. The year listed under the heading "First Elected Director"
indicates the year in which the nominee or director was first elected as a
director of the Bank prior to formation of the Corporation or the year in which
the nominee or director was first elected as a director of the Corporation.
Those persons listed on the table below, except Jasper J. Artall and Ronald J.
Lashute, first became directors of the Corporation on June 30, 1982. Ronald J.
Lashute has been an executive officer of the Corporation and the Bank since
1990. See "Executive Officers."

         THE BOARD OF DIRECTORS RECOMMENDS A VOTE FOR THE ELECTION OF THE
PERSONS LISTED BELOW AS DIRECTORS OF THE CORPORATION.

         None of the directors of the Corporation holds a directorship in any
other company with a class of securities registered under Section 12 of the
Securities Exchange Act of 1934, as amended (the Exchange Act), or subject to
the requirements of Section 15(d) of the Exchange Act or in any company
registered as an investment company under the Investment Company Act of 1940.



                                      -2-
<PAGE>

<Table>
<Caption>
                                                                                                 SHARES (6)
                                             PRINCIPAL OCCUPATION                              BENEFICIALLY
                                                 OR EMPLOYMENT                FIRST             OWNED AS OF
                                            AND BUSINESS EXPERIENCE          ELECTED          FEBRUARY 14, 2002
NAME AND ADDRESS                  AGE          DURING PAST 5 YEARS           DIRECTOR       NUMBER      PERCENTAGE
----------------                  ---       -----------------------          --------       ------      -----------
<S>                               <C>       <C>                              <C>            <C>         <C>
Jasper J. Artall (7)               60       Farmer                             1998            447          .38%
P. O. Box 201
Melville, LA  71353

Walter J. Champagne, Jr. (7)       81       Retired; investor in farming       1958          2,045          1.7%
P. O. Box 8                                  interest; and Senior
Port Barre, LA  70577                        Vice-President of the Bank

J.C. Diesi (1,3,7)                 81       President of Diesi Pontiac-        1958         10,891          9.3%
115 W. Smiley Street                         Cadillac- Buick, Inc.,
Opelousas, LA  70570                         (Automobile Dealer & Service)

Salvador L. Diesi, Sr.             71       Chairman of the Board              1973         15,366         13.2%
 (1,2,3,4,8)                                 and President of the
1327 Dietlein Blvd.                          Corporation and the Bank;
Opelousas, LA 70570                          Investor in and operator of
                                             Little Capital of Louisiana, Inc.
                                             (Gas Station, Convenience Store
                                             and Video Poker); Commercial
                                             real estate investor; investor
                                             in farming interest; and
                                             Attorney at Law

Ronald J. Lashute                  52       Executive Vice-President           1994         16,428         14.1%
 (2,3,5,8)                                   and Chief Executive
649 Southwood Drive                          Officer of the Bank and
Opelousas, LA  70570                         Secretary and Treasurer of
                                             the Corporation
                                                                                          --------        -----
Total for directors (five (5) persons)                                                      45,177         38.7%
                                                                                          ========        =====
</Table>

(1)      J.C. Diesi is Salvador L. Diesi's uncle.

(2)      Executive Officer of the Corporation who participates in major policy
         making functions.

(3)      Ronald J. Lashute is a cousin of Salvador L. Diesi, Sr. and a nephew of
         J.C. Diesi.

(4)      Of the 15,366 shares of common stock held by Salvador L. Diesi, Sr.,
         10,284 shares (8.8% of the Corporation's outstanding common stock) are
         held by corporations of which Mr. Diesi owns 51% or more.

(5)      Of the 16,428 shares of common stock held by Ronald J. Lashute, 16,000
         shares (13.7% of the Corporation's outstanding common stock) are owned
         by The Diesi Family Trust. Mr. Ronald J. Lashute, whose business
         address is set forth on page 1 of this Proxy Statement under the
         caption "Voting and Revocation of Proxies," is the trustee of The Diesi
         Family Trust and has sole voting authority with respect to the shares
         of the Corporation's common stock held by the trust. See "Shareholders
         Owning More Than 5% of Outstanding Shares." The trust provides that, as
         to each beneficiary, it will remain in effect for the life of the
         beneficiary or the maximum period allowed by Louisiana law, whichever
         is longer.

(6)      All figures represent the number or percentage of outstanding shares of
         common stock.

(7)      Owns shares of common stock directly.

(8)      Owns shares of common stock directly and indirectly.



                                      -3-
<PAGE>


         If elected by the shareholders to serve as the Corporation's Board of
Directors, the nominees listed above plan to direct the Chairman of the Board of
the Corporation, as the sole shareholder of the Bank, to vote the stock of the
Bank owned by the Corporation in favor of the following persons to serve as the
Board of Directors of the Bank: Jasper J. Artall, Walter J. Champagne, Jr., J.
C. Diesi, Salvador L. Diesi, Sr., Charles Jagneaux, Alvin Haynes, II, Sylvia
Sibille and Attaway Darbonne. Each of these persons has served on the Board of
Directors of the Bank for the past year.

             SHAREHOLDERS OWNING MORE THAN 5% OF OUTSTANDING SHARES

         The following table sets forth, as of February 14, 2002, information
concerning the beneficial ownership of voting stock of American Bancorp, Inc.,
by persons who are known to the Corporation to be beneficial owners of more than
five percent (5%) of the Corporation's outstanding shares of voting common
stock:

<Table>
<Caption>
                                                                                                       PERCENTAGE
                                                                            AMOUNT AND                  OF CLASS
                                  NAME AND ADDRESS OF                 NATURE OF BENEFICIAL              OF SHARES
TITLE OF CLASS                     BENEFICIAL OWNER                         OWNERSHIP                    OWNED
--------------                    -------------------                 --------------------             ----------
<S>                               <C>                                 <C>                              <C>
Common stock                        Salvador L. Diesi, Sr.                15,366 shares                   13.2%
                                    1327 Dietlein Blvd.              Direct and Indirect (1)
                                    Opelousas, LA 70570

Common stock                        J.C. Diesi                            10,891 shares                    9.3%
                                    115 W. Smiley St.                        Direct
                                    Opelousas, LA 70570

Common stock                        Ronald J. Lashute                     16,428 shares                   14.1%
                                    649 Southwood Drive              Direct and Indirect (2)
                                    Opelousas, LA 70570

Common stock                        Bobby Dupre                           6,022 shares                     5.2%
                                    P. O. Box 1298                   Direct and Indirect (3)
                                    Opelousas, LA 70570
</Table>

(1)      Mr. Salvador L. Diesi, Sr. directly owns 5,082 shares or 4.4% of the
         outstanding shares of the common stock of the Corporation. In addition,
         he owns 10,284 shares, which is equal to 8.8% of the outstanding shares
         of the Corporation, indirectly, through his associations with his
         businesses.

(2)      Mr. Ronald J. Lashute directly owns 428 shares or .4% of the
         outstanding shares of the common stock of the Corporation. Mr. Lashute
         is the trustee of The Diesi Family Trust. The Trust owns 16,000 shares
         or 13.7% of the outstanding shares of the Corporation. The Trust is for
         the benefit of the grandchildren of Frank Diesi (a former director of
         the Corporation) and Marie Diesi.

(3)      Mr. Bobby Dupre directly owns 2,164 shares or 1.9% of the outstanding
         shares of the common stock of the Corporation. In addition, he owns
         3,858 shares or 3.3% of the outstanding shares of the Corporation
         indirectly, through his associations with his businesses.



                                      -4-
<PAGE>

                          BOARD MEETINGS AND COMMITTEES

         During 2001, the Board of Directors of the Corporation held a total of
three (3) regular and special meetings. Each director attended seventy-five
percent (75%) or more of the aggregate number of meetings of the Board of
Directors of the Corporation and all committees of the Board of Directors of the
Corporation on which he served. During 2001, the Board of Directors of the Bank
held a total of twelve regular and special meetings. Each director of the Bank
attended seventy-five percent (75%) or more of the aggregate number of meetings
of the Board of Directors of the Bank and all committees of the Board of
Directors of the Bank on which they served.

         The Board of Directors of the Corporation has no nominating or
compensation committees or committees performing similar functions. The Board of
Directors of the Corporation has, however, established an Audit Committee, the
principal functions of which are to assist the Board of Directors in fulfilling
the Board's responsibility to provide independent, objective oversight by
monitoring (1) the continuing development, by the Corporation and the Bank, of
their respective systems of financial reporting, auditing, internal controls and
legal compliance, (2) the operation of those systems (including with respect to
the integrity of the Corporation's and the Bank's financial statements) and (3)
the independence and performance of the Corporation's and the Bank's external
and internal auditors and the performance and management in the financial
reporting process. The Audit Committee, composed of directors J.C. Diesi and
Jasper J. Artall, held one (1) meeting in 2001 and both members were present.
Each member of the Corporation's Audit Committee is independent under the
definition of independence set forth in Section 4200 (a) (14) of the NASD's
listing standards. The Board of Directors of the Corporation has not adopted a
written charter for the Corporation's audit committee.

         The Board of Directors of the Bank has established the following
committee:

         The Loan Discount Committee of the Bank reviews and approves all large
loans. This committee met ten (10) times in 2001 and is composed of Salvador L.
Diesi, Sr., Chairman, J.C. Diesi, Charles Jagneaux, Alvin Haynes, II, Walter J.
Champagne, Jr. and Attaway Darbonne.

                             AUDIT COMMITTEE REPORT

         The Audit Committee of the Corporation has reviewed and discussed the
audited financial statements of the Corporation with management. The Audit
Committee of the Corporation has discussed with the Corporation's independent
auditors the matters required to be discussed by SAS 61, and has received from
those accountants the written disclosures and the letter required under
ISB Standard No. 1 and has discussed with the independent accountants their
independence.

         Based on the foregoing review and discussions, the Corporation's Audit
Committee has recommended to the Board of Directors of the Corporation that the
audited financial statements be included in the Corporation's Annual Report on
Form 10-K for the last fiscal year for filing with the Securities and Exchange
Commission.

                                                             J.C. Diesi
                                                             Jasper J. Artall



                                      -5-
<PAGE>

                               EXECUTIVE OFFICERS

         The Executive Officers of the Corporation are as follows:

<Table>
<Caption>
        NAME                        AGE                       POSITIONS HELD
        ----                        ---                       --------------
<S>                                 <C>              <C>
Salvador L. Diesi, Sr.               71              Chairman of the Board of the Corporation and
                                                      the Bank since April 14, 1993 and
                                                      President of the Corporation and the Bank
                                                      since April 13, 1983.

Ronald J. Lashute                    52              Secretary and Treasurer of the Corporation
                                                      and Executive Vice-President and Chief
                                                      Executive Officer of the Bank since
                                                      March 1990; Director of the Corporation
                                                      since December 1994.
</Table>

         Executive officers are chosen by the Board of Directors to hold office
at the pleasure of the Board. Both Mr. Salvador L. Diesi, Sr. and Mr. Ronald J.
Lashute have been officers of the Corporation and the Bank for more than five
years.

         The family relationships among the executive officers of the
Corporation are indicated in the list of directors. See "Election of Directors."

                      COMPENSATION AND OTHER TRANSACTIONS

DIRECTORS FEES

         Directors of the Corporation received a board fee of $200 per month in
2001 for their services. In 2001, each director of the Bank received a board fee
of $650 per month. In addition, each director of the Bank received a cash bonus
of $3,200 in 2001. Directors serving on the Bank's Loan Discount Committee
received $150 per month in 2001.

COMPENSATION

         The following table sets forth all compensation paid, distributed or
accrued for the account of the persons listed below for the fiscal year ended
December 31, 2001 by the Bank to the executive officers of the Corporation and
the Bank.



                                      -6-
<PAGE>

                           SUMMARY COMPENSATION TABLE

<Table>
<Caption>
                                    ANNUAL COMPENSATION
NAME AND                                SALARY AND
PRINCIPAL                                DIRECTOR          BONUS           OTHER ANNUAL               ALL OTHER
POSITIONS                  YEAR          FEES($)          ($)(1)        COMPENSATION($)(2)         COMPENSATION($)
---------                  ----     -------------------   ------        ------------------         ---------------
<S>                        <C>      <C>                   <C>           <C>                        <C>
Salvador L. Diesi,         2001         40,610 (4)        3,300                 --                       198 (3)
   Sr., Chairman of        2000         39,660 (5)        3,600                 --                       307 (3)
   the Board and           1999         39,217 (6)        3,200                 --                       337 (3)
   President of the
   Corporation and
   the Bank

Ronald J. Lashute          2001         89,397 (7)       10,100                 --                    10,818 (10)
   Executive Vice-         2000         87,802 (8)       10,100                 --                    12,399 (11)
   President and           1999         84,091 (9)        8,100                 --                     9,854 (12)
   Chief Executive
   Officer of the
   Bank and Secre-
   tary and Treasurer
   of the Corporation
</Table>

(1)      The Bank had a cash bonus plan in 2001, 2000, and 1999, whereby a bonus
         was declared by the Board of Directors. The total amount of the Bonus
         paid to all eligible employees of the Bank was $70,848, $73,415, and
         $61,266, respectively, for those years. In addition, cash bonuses of
         $3,200 in 2001, $3,500 in 2000 and $3,200 in 1999 were paid to each
         director of the Bank. Cash bonuses paid to the executive officers of
         the Bank are noted in the table above.

(2)      No amounts for perquisites and other personal benefits, such as company
         automobiles, which may accrue to the named executive officers and
         which, in the opinion of management, are job related and appropriate in
         connection with the conduct of the Corporation's and the Bank's
         affairs, are shown. The aggregate amount of such compensation does not
         exceed ten percent (10%) of the total of annual salary and bonus
         reported for the named executive officer and no such compensation for
         either officer exceeds twenty-five (25%) of the total perquisites and
         other personal benefits accruing to such officer.

(3)      These figures represent term life insurance premiums paid by the Bank.

(4)      This amount includes $810 that was contributed by the Bank for the
         account of Mr. Diesi in accordance with the terms of a 401(k) Plan
         established by the Bank for the benefit of its employees in January
         1993 (the 401(k) Plan).

(5)      This amount includes $810 that was contributed by the Bank for the
         account of Mr. Diesi in accordance with the terms of the 401(k) Plan.

(6)      This amount includes $817 that was contributed by the Bank for the
         account of Mr. Diesi in accordance with the terms of the 401(k) Plan.

(7)      This amount includes $2,012 that was contributed by the Bank for the
         account of Mr. Lashute in accordance with the terms of the 401(k) Plan.



                                      -7-
<PAGE>

(8)      This amount includes $2,017 that was contributed by the Bank for the
         account of Mr. Lashute in accordance with the terms of the 401(k) Plan.

(9)      This amount includes $2,383 that was contributed by the Bank for the
         account of Mr. Lashute in accordance with the terms of the 401(k) Plan.

(10)     This amount includes $10,238 of deferred compensation accrued under a
         supplemental executive retirement plan established by the Bank on
         September 1, 1995. This amount also includes $580 in term life
         insurance premiums paid by the Bank.

(11)     This amount includes $11,847 of deferred compensation accrued under a
         supplemental executive retirement plan and $552 in term life insurance
         premiums paid by the Bank.

(12)     This amount includes $9,302 of deferred compensation accrued under a
         supplemental executive retirement plan and $552 in term life insurance
         premiums paid by the Bank.

SECTION 16(a) BENEFICIAL OWNERSHIP REPORTING COMPLIANCE

         Section 16(a) of the Securities Exchange Act of 1934 requires officers,
directors and beneficial owners of more than ten percent (10%) of the
outstanding shares of common stock of the Corporation to file with the
Securities and Exchange Commission (the SEC) certain reports describing their
stock ownership and changes in their stock ownership. They must also furnish the
Corporation with copies of these forms. Based solely on its review of the copies
of such forms received by it and written representations from certain reporting
persons that they have complied with the relevant filing requirements, the
Corporation believes that during 2001, filing requirements under Section 16(a)
were met on a timely basis.

LEGAL PROCEEDINGS

         No director, officer or affiliate of the Corporation, or owner of more
than five percent (5%) of the outstanding shares of the Corporation, is a party
adverse to the Corporation or its subsidiary in any currently pending legal
proceeding, nor does any such party have a material interest adverse to the
Corporation or the Bank in any currently pending legal proceeding.

OTHER TRANSACTIONS

         The Bank has had, and expects to have in the future, banking
transactions in the ordinary course of business with directors, officers and
principal stockholders of the Corporation and of the Bank and their associates,
affiliates or members of their immediate families. The transactions have been
and will continue to be made on the same terms, including interest rates and
collateral on loans, as those prevailing at the same time for comparable
transactions with others and do not involve more than the normal risk of
collectibility or present other unfavorable features.

         In addition, the Bank has had other transactions, as indicated below,
with certain directors of the Bank. Such transactions were made in the ordinary
course of business and were on terms competitive with those existing in the
community at the time made.



                                      -8-
<PAGE>


         The Bank is obligated under a lease for the South Branch location with
Little Capitol of Louisiana, Inc., which corporation is owned by Salvador L.
Diesi, Sr. and a trust set up by Frank Diesi (a former director of the Bank) and
Marie Diesi for the benefit of their grandchildren. For the year ended December
31, 2001, the Bank paid Little Capitol of Louisiana, Inc. $20,671 under the
terms of the lease. The initial lease expired on May 31, 1997, but was renewed
through May 31, 2002.

         During 2001, the Bank had its vehicles repaired at Diesi
Pontiac-Cadillac-Buick, Inc. and paid an aggregate amount of $13,204 for such
repairs. Also in 2001, the Bank purchased a truck for $12,446 from Diesi
Pontiac-Cadillac-Buick, Inc. Mr. J.C. Diesi, a director of the Corporation, is
an owner of the car dealership.

             RELATIONSHIP WITH, AND RATIFICATION OF APPOINTMENT OF,
                         INDEPENDENT PUBLIC ACCOUNTANTS

         General. Broussard, Poche, Lewis & Breaux, L.L.P., has served as the
Corporation's independent Certified Public Accountants for the fiscal years
ending December 31, 1986 to 2001. At the 2002 annual shareholders' meeting, the
following resolution will be subject to ratification by a simple majority vote
of shares represented at the meeting:

    RESOLVED, That the selection of Broussard, Poche, Lewis & Breaux, L.L.P., as
    the independent Certified Public Accountants of American Bancorp, Inc. and
    its sole subsidiary, American Bank & Trust Company, for the fiscal year
    ending December 31, 2002, is hereby ratified.

         Although shareholder approval is not required, it is the policy of the
Board of Directors of the Corporation to request ratification for the
appointment of accountants.

         If ratification is not achieved, the selection of independent Certified
Public Accountants will be reconsidered and made by the Board of Directors. Even
if the selection is ratified, the Board of Directors of the Corporation reserves
the right to direct and, in its discretion, may direct, the appointment of any
other independent Certified Public Accounting firm at any time if the Board
decides that such a change would be in the best interests of the Corporation and
its shareholders.

         A representative of Broussard, Poche, Lewis & Breaux, L.L.P. is
expected to attend the annual shareholders' meeting with the opportunity to make
a statement, if desired, and is expected to be available to respond to
shareholders' inquiries.

         THE BOARD OF DIRECTORS RECOMMENDS THAT YOU VOTE FOR THE RATIFICATION OF
THE APPOINTMENT OF BROUSSARD, POCHE, LEWIS & BREAUX, L.L.P. AS INDEPENDENT
CERTIFIED PUBLIC ACCOUNTANTS OF THE CORPORATION AND THE BANK FOR THE FISCAL YEAR
ENDING DECEMBER 31, 2002.

         Audit Fees. The aggregate fees billed by Broussard, Poche, Lewis
& Breaux, L.L.P. for professional services rendered for the audit of the
Corporation's annual financial statements for the most recent fiscal year and
the review of the financial statements included in the Corporation's Forms 10-Q
for that fiscal year were $32,625.



                                      -9-
<PAGE>


         Financial Information Systems Design and Implementation Fees.
Broussard, Poche, Lewis & Breaux, L.L.P. did not bill the Corporation for, or
render, professional services related to financial information systems design or
implementation for or on behalf of the Corporation during the most recent fiscal
year.

         All Other Fees. The aggregate fees billed for services rendered by
Broussard, Poche, Lewis & Breaux, L.L.P. for services, other than those
described above in "Audit Fees" and "Financial Information Systems Design and
Implementation Fees," for the most recent fiscal year were $23,237, which fees
were billed in connection with tax-related services, preparation of the
Corporation's Form 10-K, an examination of Electronic Data Processing
operations, a review of Investment Practices, restatement of retirement plan
documents and evaluation of employee benefit plans.

         Other Matters. The Audit Committee of the Corporation has considered
whether the provision of the services by Broussard, Poche, Lewis & Breaux,
L.L.P. other than the services described above under "Audit Fees," is compatible
with maintaining the independence of Broussard, Poche, Lewis & Breaux, L.L.P.
and has determined that the provision of such services is compatible with the
independence of Broussard, Poche, Lewis & Breaux, L.L.P. The percentage of the
hours expended in Broussard, Poche, Lewis & Breaux, L.L.P.'s engagement to audit
the Corporation's financial statements for the most recent fiscal year that were
attributed to work performed by persons other than the full-time permanent
employees of Broussard, Poche, Lewis & Breaux, L.L.P. was not in excess of 50
percent.

                 SHAREHOLDER PROPOSALS FOR 2003 ANNUAL MEETING

         Shareholders who desire to present a proposal for inclusion in the
proxy material relating to the 2003 annual meeting of shareholders of American
Bancorp, Inc. must forward such proposals to Ronald J. Lashute at the address
listed on the first page of this Proxy Statement in time to arrive at the
Corporation's headquarters prior to November 28, 2002. To be included, such
proposals must meet the requirements of, and not be subject to exclusion under,
applicable law, including Rule 14a-8 under the Exchange Act. Shareholders who
desire to present a proposal at the 2003 annual meeting other than one that will
be included in the Corporation's proxy materials must notify the Corporation (by
notice to Mr. Lashute at the address listed on the first page of this Proxy
Statement) no later than February 10, 2003. If a shareholder who wishes to
present a proposal fails to notify the Corporation by this date, the
shareholder's proposal will be considered untimely and the proxies solicited for
the meeting will have discretionary authority to vote on the proposal if it is
properly brought before the meeting. If a shareholder makes a timely
notification, the proxies may still exercise discretionary voting authority
under circumstances consistent with the SEC's proxy rules.

                                 OTHER MATTERS

QUORUM AND VOTING OF PROXIES

         The presence, in person or by proxy, of a majority of the outstanding
shares of common stock of the Corporation is necessary to constitute a quorum.
If a quorum is present, the vote of a majority of the shares present or
represented by proxy will decide all questions properly brought before the
meeting, except that directors will be elected by plurality vote. A
shareholder's abstention or refusal to vote on a particular matter will not
affect the presence of a quorum or reduce the voting power present. (In effect,
therefore, an abstention is counted as a vote against a matter.) A non-vote
(including broker non-votes) will have no affect



                                      -10-
<PAGE>


on the items to be addressed at the meeting.

         All proxies received in the form enclosed will be voted as specified,
and, in the absence of instruction to the contrary, will be voted FOR the
election of the nominees named above, and FOR the ratification of the
appointment of Broussard, Poche, Lewis & Breaux, L.L.P. as the independent
Certified Public Accountants of the Corporation and the Bank.

         The Corporation does not know of any matters to be presented at the
annual meeting other than those mentioned above. However, if any other matters
properly come before the meeting or any adjournment thereof, it is the intention
of the persons named on the enclosed proxy to vote the shares represented by
them in accordance with their best judgment, unless authority to do so is
withheld.

ADDITIONAL CORPORATE INFORMATION

         ANY SHAREHOLDER MAY, BY WRITTEN REQUEST, OBTAIN WITHOUT CHARGE AN
ADDITIONAL COPY OF THE CORPORATION'S 2001 ANNUAL REPORT AND/OR A COPY OF THE
CORPORATION'S FORM 10-K, INCLUDING THE FINANCIAL STATEMENTS AND THE FINANCIAL
STATEMENT SCHEDULES, FOR THE CORPORATION'S MOST RECENT FISCAL YEAR AS FILED WITH
THE SECURITIES AND EXCHANGE COMMISSION. REQUESTS SHOULD BE ADDRESSED TO RONALD
J. LASHUTE, EXECUTIVE VICE-PRESIDENT AND CHIEF EXECUTIVE OFFICER, AMERICAN BANK
& TRUST COMPANY, P. O. BOX 1819, OPELOUSAS, LOUISIANA 70571-1819.



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