U.S. Securities and Exchange Commission

                                Washington, D.C.

                                   Form 10-QSB


              [X] QUARTERLY REPORT UNDER SECTION 13 OR 15(d) OF THE
                         SECURITIES EXCHANGE ACT OF 1934

              [ ] TRANSITION REPORT UNDER SECTION 13 OR 15(d) OF THE
                                  EXCHANGE ACT

                          For the transition period to

                         Commission file number 0-27474


                            American Bancshares, Inc.
        (Exact name of small business issues as specified in its charter)


              Florida                                     65-0624640
      (State or other jurisdiction                   (IRS Emloyer Id. No.)
       incorporation or organization

                 4702 Cortez Road West, Bradenton, Florida 34210

                                  (941) 795-3050



     (Former name, address or fiscal year, if changed since last report)



Check  whether the issuer (1) filed all reports  required to be filed by Section
13 or 15(d) of the Exchange Act during the past 12 months (or for 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 .

State the  number of  shares  outstanding  of each  issuer's  classes  of common
equity, as of the last practicable date:

3,907,349   Common shares as of September 30, 1996


<PAGE>

                            TABLE OF CONTENTS



Part I                                                              Page

FINANCIAL INFORMATION

Item 1   
         -Financial Statements                                       1-4 
         
         -Notes to Consolidated Condensed Financial Statements       5-6

Item 2   
         -Management's Discussion and Analysis
          of Financial Condition and Results of
          Operations                                                 7-8


Part II

OTHER INFORMATION

Item 1            Legal Proceedings                                   n/a
                  (Not applicable this report)

Item 2            Changes in Securities                               n/a
                  (Not applicable this report)

Item 3            Defaults Upon Senior Securities
                  (Not applicable this report)                        n/a

Item 4            Submission of Matters to a Vote
                  of Security Holders                                
                  (Not applicable this report)                        n/a  

Item 5            Other Information                                   n/a
                  (Not applicable this report)

<PAGE>
PART 1 - FINANCIAL INFORMATION


ITEM 1. FINANCIAL STATEMENTS

American Bancshares, Inc. and Subsidiary
Consolidated Condensed Balance Sheets
($ in thousands)
                                                 September 30,    December 31,
                                                     1996             1995
Assets                                            (unaudited)     (unaudited)
                                                  -----------     -----------

Cash and due from banks                          $    5,659          $    5,687
Federal funds sold                                    5,000               1,000
Interest-bearing deposits in banks                      133                  81
Mortgage loans held for sale                         20,888              21,011
Investment securities, available for sale            19,804              18,084
Mortgage-backed securities available for sale        10,514               5,989
Loans (net of allowance  for credit losses and
  deferred loan fees of $401,583 as
  of September 30, 1996, and $493,566 as of 
  December 31, 1995)                                130,179              97,480
Premises and equipment, net                           6,561               4,071
Other assets                                          2,386               1,545
                                                   ----------        -----------

  Total assets                                   $  201,124         $   154,948
                                                   ==========        ===========


Liabilities and shareholders' equity

Liabilities
  Deposits                                      $   169,084         $   129,861
  Securities sold under agreements to repurchase      7,888               9,567
  Federal funds purchased and FHLB borrowings         5,000               5,000
  Other liabilities                                   1,221                 822
                                                   ----------        -----------
    Total liabilities                           $   183,193         $   145,250

Shareholders' equity
  Common stock, $1.175 par value, 10,000,000 
    shares authorized, 3,907,349 shares
    issued and outstanding as of 
    September 30, 1996, and 2,401,070
    as of December 31, 1995                           4,588               2,821
  Additional paid-in capital                         11,268               5,258
  Unrealized gain(loss) on investment securities
    available for sale, net                            (148)                 47
  Retained earnings                                   2,223               1,572
                                                   ----------        -----------
    Total shareholders' equity                       17,931               9,698
                                                   ----------        -----------

  Total liabilities and shareholders' equity      $ 201,124         $   154,948
                                                   ==========        ===========

The accompanying notes are an integral part of these financial statements.

<PAGE>
American Bancshares, Inc. and Subsidiary
Consolidated Condensed Statements of Income
(unaudited, $ in thousands)


                                                   Three months ended Sept. 30,
                                                         1996        1995
                                                       -------     --------
Interest income
  Interest on loans                               $    3,284      $     2,528
  Interest on mortgage backed securities, taxable        151               19
  Interest on investment securities, taxable             359              298
  Interest on investment securities, nontaxable            5                5
  Other interest income                                   54               95
                                                    --------         --------
    Total interest income                              3,853            2,945

Interest expense
  Deposits                                             1,898            1,455
  Securities sold under agreements to repurchase          87              100
  Federal funds purchased and FHLB advances                5                4
                                                    --------         --------
    Total interest expense                             1,990            1,559

Net interest income                                    1,863            1,386
Provision for loan losses                                130              213
                                                    --------         --------
Net interest income after provision for loan loss      1,733            1,173

Noninterest income
  Service charges & fees                                 193              150
  Gain on sale of loans                                   29                0
  Fees on mortgage servicing                              15               15
  Gain on sale of servicing                               34              134
  Originated mortgage servicing rights                    16                0
  Gain on sale of securities                              47                0  
  Merchant fees                                           35               19
  Other income                                            45              128
                                                    --------         --------
    Total noninterest income                             414              446

Noninterest expense
  Salaries & employee benefits                           713              630
  Net occupancy expense                                  213              158
  Data processing expense                                117              117
  Other expenses                                         719              199
                                                    --------         --------
    Total noninterest expense                          1,762            1,104

Income before income taxes                               385              515
Provision for income taxes                               129              197
                                                    --------         --------

Net income                                        $      256      $       318
                                                   =========          ========

Earnings per share                         
     Primary                                      $     0.07      $      0.15
     Fully diluted                                      0.06             0.12 

Average number of shares outstanding
     Primary                                       3,881,834         2,172,351
     Fully diluted                                 4,084,388         2,646,558 

The accompanying footnotes are an integral part of these financial statements.

<PAGE>

American Bancshares, Inc. and Subsidiary
Consolidated Condensed Statements of Income
(unaudited, $ in thousands)


                                                   Nine months ended Sept. 30,
                                                        1996            1995
                                                    --------         ---------
Interest income
  Interest on loans                               $    9,058             7,155
  Interest on mortgage backed securities, taxable        321                19
  Interest on investment securities, taxable             835               902
  Interest on investment securities, nontaxable           15                15
  Other interest income                                  204               193
                                                    --------         ---------
    Total interest income                             10,433             8,284

Interest expense
  Deposits                                             4,964             4,196
  Securities sold under agreements to repurchase         255               199
  Federal funds purchased and FHLB advances               43                 5
                                                    --------         ---------
    Total interest expense                             5,262             4,400

Net interest income                                    5,171             3,884
Provision for loan losses                                207               393
                                                    --------         ---------
Net interest income after provision for loan loss      4,964             3,491

Noninterest income
  Service charges & fees                                 512               388
  Gain on sale of loans                                  164               202
  Fees on mortgage servicing                              33                45
  Gain on sale of servicing                               38               134
  Originated mortgage servicing rights                   196                 0
  Gain on sale of securities                              60                36
  Merchant fees                                          187                59
  Other income                                           127                90
                                                    --------         ---------
    Total noninterest income                           1,317               954

Noninterest expense
  Salaries & employee benefits                         2,538             1,789
  Net occupancy expense                                  593               451
  Data processing expense                                415               279
  Other expenses                                       1,702               714
                                                    --------         ---------
    Total noninterest expense                          5,248             3,233

Income before income taxes                             1,033             1,212
Provision for income taxes                               382               457
                                                    --------         ---------

Net income                                        $      651        $      755
                                                    ========         =========

Earnings per share
  Primary                                         $     0.18        $     0.34
  Fully diluted                                         0.17              0.29 

Average number of shares outstanding              
  Primary                                          3,633,181         2,253,384
  Fully diluted                                    3,857,202         2,561,293 

The accompanying notes are an integral part of these financial statements.


<PAGE>
American Bancshares, Inc. and Subsidiary
Consolidated Statements of Cashflow
(unaudited, $ in thousands)
                                                       Nine months September 30,
                                                            1996        1995
                                                          --------    --------
Cash flows from operating activities:
Net income                                                $    650   $     755
                                                          --------    --------
Adjustments  to  reconcile   net  income  to  net
  cash provided by operatingactivities:
Provision for loan losses                                      208         393
Net gain on sale of investment securities                      (60)          0
Net gain on sale of loans                                     (165)       (218)
Net gain on sale of mortgage servicing rights                  (25)          0
Deferred income taxes                                          381          60
Depreciation                                                   291         198
Net amortization of premiums and accretion of discounts on
   investment securities                                       101          42
Increase in other liabilities                                  406         410
Increase in other assets                                       119        (506)
                                                          --------    --------
  Total adjustments                                          1,049         379
                                                          --------    --------
  Net cash provided by operating activities                  1,699       1,134
                                                          --------    --------


Loan originations, net of repayments                       (54,976)    (47,127)
Proceeds from sales of loans held for sale                  22,558      30,993
Purchases of bank premises and equipment                    (2,714)     (1,184)
Proceeds from maturities of held to maturity
 investment securities                                           0         500
Proceeds from sales and maturities of available
 for sale investment securities                             16,460       4,364
Purchases of held to maturity investment securities              0      (3,988) 
Purchases of available for sale investment
 securities                                                (24,214)     (5,744)
                                                           --------    --------
  Net cash used in investing activities                    (42,886)    (22,186)
                                                           --------    --------


Net increase (decrease) in demand deposits, NOW
 and savings accounts                                       20,384      (1,224)
Net increase in time deposits                               18,286      14,109
Net increase (decrease) in securities sold under
 agreements to repurchase                                   (1,679)      3,817
Proceeds from advances from the Federal Home Loan Bank           0       2,100
Proceeds from sale of stock                                  8,220         740
                                                           --------    --------
  Net cash provided by financing activities                 45,211      19,542
                                                           --------    --------

Net increase (decrease) in cash and cash equivalents         4,024      (1,510)
Cash and cash equivalents at beginning of the period         6,768       7,723
                                                           --------    --------
Cash and cash equivalents at end of period                $ 10,792    $  6,213
                                                           ========    ========

Supplemental disclosures:
Interest paid                                             $  5,280       4,081
                                                           ========    ========
Income taxes paid                                         $    417         326
                                                           ========    ========

<PAGE>



          AMERICAN BANCSHARES, INC. AND SUBSIDIARY
    NOTES TO CONSOLIDATED CONDENSED FINANCIAL STATEMENTS


Note 1.       Holding Company and Subsidiary Background
Information

         American  Bancshares,  Inc.  (Company),  is a one bank holding company,
         operated  under  the laws of the state of  Florida.  Its  wholly  owned
         banking  subsidiary  is  American  Bank of  Bradenton  (Bank),  a state
         chartered bank. The Holding Company,  a Florida  corporation  organized
         June 30, 1995, is a registered  holding  company under the Bank Holding
         Company Act of 1956,  as amended,  and on December  31, 1995 became the
         bank  holding  company  for the  Bank.  The  Bank was  incorporated  on
         December 6, 1988 and opened for business on May 8, 1989.  The Bank is a
         general  commercial  bank with all the rights,  powers,  and privileges
         granted and conferred by the Florida Banking Code. Although the Holding
         Company was not formed until June 30, 1995 and did not acquire the Bank
         until December 1, 1995, the financial statements have been presented as
         if the Holding  Company had been in existence since the Bank was formed
         in 1988 and as if the Bank was its wholly owned  subsidiary  since that
         time.

Note 2.       Basis of Presentation

         The accompanying unaudited condensed consolidated financial statements,
         in the opinion of management, include all adjustments,  consisting only
         of normal recurring  adjustments  necessary for a fair  presentation of
         the results for the interim periods.  Certain  information and footnote
         disclosures  normally  included  in  financial  statements  prepared in
         accordance  with generally  accepted  accounting  principles  have been
         condensed or omitted  pursuant to SEC rules and  regulations,  although
         the Company believes that the disclosures  included herein are adequate
         to make the  information  presented  not  misleading.  The  results  of
         operations  for the nine month period ended September 30, 1996  are not
         necessarily indicative of the results expected for the full year.

         The  organization  and  business of the  Company,  accounting  policies
         followed by the  Company and other  information  are  contained  in the
         Company's December 31, 1995 Form 10KSB. This quarterly report should be
         read in conjunction with such
         annual report.

Note 3.       Investments

         The Company's investment and mortgage-backed  securities are classified
         as  available  for sale and  recorded  at fair value as required by the
         provisions  of Statement of Financial  Accounting  Standards  (FAS115).
         Unrealized  gains and losses are  reflected as a separate  component of
         shareholders'  equity on the  consolidated  statement of condition.  At
         September 30, 1996, an unrealized loss, net of tax, of $148,000  was
         reflected as a decrease of shareholders' equity.

Note 4.       Earnings Per Share

         Earnings  per share have been  computed by  dividing  net income by the
         weighted  average  number  of  shares  outstanding  for the  respective
         period(s).  The increase in the weighted  average number of shares is a
         result of the Company's public offering in February 1996.  Common stock
         equivalents in the form of stock warrants have been included to reflect
         the dilution effect of such warrants.



<PAGE>


          AMERICAN BANCSHARES, INC. AND SUBSIDIARY
    NOTES TO CONSOLIDATED CONDENSED FINANCIAL STATEMENTS



Note 5.       Capital

         In December 1995,  the Company filed a  registration  statement on Form
         SB-2 with the Securities and Exchange Commission  to register  for sale
         1,250,000  shares of the  Company's  common  stock (with an  additional
         187,500 shares subject to the  underwriters'  over allotment option) at
         $6.00 per  share  pursuant  to a firm  commitment  underwritten  public
         offering.  The SB-2 became effective February 6, 1996, with the sale of
         1,250,000  shares of common stock  consummated on February 13, 1996. On
         March  6,  1996,  the  underwriter's   elected  to  exercise  the  over
         allotment,  consummating  the transaction on March 13, 1996. Of the net
         proceeds  of  approximately   $7.5  million,   $3.3  million  has  been
         contributed as capital to the Bank and approximately  $600,000 invested
         in land to be used for the construction of an administrative  facility.
         The balance will be used for general corporate  purposes  including the
         construction of a new administrative facility, possible acquisitions of
         other financial institutions, and working capital.

Note 6.       Impact of Recently Issued Accounting Standards

          The Bank adopted Statement of Financial  Accounting  Standards No. 122
     during the first quarter of 1996, as required. Standard 122 amends standard
     65 as it relates,  among other  changes,  to the  treatment  of  originated
     mortgage servicing rights. Originated Mortgage Servicing Rights are created
     when an  institution  originates a mortgage  loan,  selling the loan in the
     secondary  market,  but retaining the right to service the loan. Due to the
     fees received for servicing the loan(s) and the investability of cashflows,
     servicing  rights have an inherent  value.  Standard 122 requires that such
     rights be  capitalized  at the time they are created and amortized over the
     expected future cashflows of the servicing. In addition,  because servicing
     rights are effected by changes in market  rates,  periodic  valuations  are
     required to determine if any impairment  exists.  As of September 30, 1996,
     the  Bank  had  recorded  approximately  $178,000  of  originated  mortgage
     servicing rights.  Although  management believes that such rights have been
     properly  valued and are being  amortized in accordance  with standard 122,
     there can be no assurance that the Bank will continue to generate servicing
     rights,  or that  recorded  servicing  rights will not become  impaired and
     require an adjustment which would negatively effect earnings. 

<PAGE>


PART 1



ITEM 2.

Management's Discussion and Analysis of Financial Condition and
Results of  Operations



American Bancshares, Inc. and Subsidiary


Liquidity and Capital Resources

          Total  assets of the Company  increased by 30% to  $201,124,000  as of
     September 30, 1996, from $154,948,000 as of December 31, 1995. The increase
     in assets was primarily the result of increases in interest  earning assets
     with net loans  increasing by  $32,576,000 to  $151,067,000  and investment
     securities  increasing by $6,245,000.  Federal funds sold also increased by
     $4,000,000 to $5,000,000 as of September 30, 1996.  The increases in assets
     were funded  through  increases in deposits at existing  locations  and the
     addition of two new full service  branch  locations.  One of the  locations
     opened March 18 and the second  location  opened  September  18,  1996.  In
     addition,  deposit growth resulted in part from a deposit program  released
     in late May, 1996 which included five year  certificates of deposit,  money
     market accounts, and a Visa/Mastercard  promotion.  The program was used to
     generate  additional  customer  relationships with a focus on cross-selling
     opportunities.  The funds received  during the program will be used to fund
     strong  loan  demand  which  management  expects to  continue  through  the
     remainder of the year.

          As  a  result  of  the  public  offering  and  subsequent   $3,300,000
     investment in the Bank by the Company, the Bank's Tier 1 leverage ratio was
     7.08%,  Tier 1 to risk  weighted  assets  was 9.38% and  total  risk  based
     capital was 10.05% as of September 30, 1996,  resulting in a classification
     of  "Well  Capitalized"  under  FDIC  guidelines.  The  Bank,  through  its
     Asset/Liability Committee, monitors, among other things, the Bank's capital
     and liquidity position, making adjustments to deposit, loan, and investment
     strategies as necessary.  The Bank continues to maintain adequate liquidity
     levels with a liquidity ratio at September 30, 1996 of 30.34%. In addition,
     the Bank is a member of the Federal Home Loan Bank of Atlanta (FHLB).  FHLB
     has approved an advance totaling  $11,500,000  collateralized by qualifying
     mortgages  and all of the Bank's FHLB stock.  As of  September  30, 1996 an
     advance  in the  amount  of  $5,000,000  was  outstanding.  The  Bank  also
     maintains  Federal Funds Purchased  agreements  with several  correspondent
     banks to provide  sources of overnight  funds. As of September 30, 1996 the
     Bank had no federal funds purchased.
<PAGE>

PART 1

ITEM 2.

Management's Discussion and Analysis of Financial Condition and
Results of  Operations
(continued)

American Bancshares, Inc. and Subsidiary

Results of Operations

          The Company's net income for the quarter ended  September 30, 1996 was
     $256,000 or $.07 per share,  compared to net income of $318,000 or $.15 per
     share for the same period for 1995. Earnings per share were effected by the
     reduction  in  net  income  and  from  the  effect  of  additional   shares
     outstanding  as a result of the public  offering which was completed in the
     first quarter of 1996. The reduction in earnings is primarily  attributable
     to  start-up  costs  associated  with the  opening of two new full  service
     branches and additional  lending  personnel and support staff  necessary to
     support the Bank's rapid growth.  Net interest income increased $477,000 to
     $1,863,000  for the  quarter  ended  September  30, 1996 as a result of the
     increase in interest  earning assets.  Non-interest  income  decreased from
     $446,000 for the quarter ended  September 30, 1995 to $414,000 for the same
     period  in  1996.  The  decrease  in   non-interest   income  is  primarily
     attributable to extraordinary  items during the third quarter of 1995 which
     are not reflected in the same quarter of 1996. These include a $62,000 gain
     on sale of  property,  and a sale of mortgage  loan  servicing of $134,000.
     These  extraordinary  items were  partially  offset by increases in deposit
     fees of $43,000  resulting  from an increase in the deposit base,  gains on
     sale of loans of $29,000,  originated  mortgage servicing rights of $59,000
     generated by the wholesale  mortgage  division,  an increase in credit card
     merchant  fee  income  of  $16,000,  and a gain on sale  of  securities  of
     $47,000.
     
          Total  general  and  administrative  expense  for  the  quarter  ended
     September  1996,  increased  $658,000  over the same  period of 1995.  This
     increase  resulted  primarily  from increases in other  operating  expenses
     related to the growth in the Company's  assets and number of Bank branches.
     Specifically, legal, advertising,  processing fees, stationary and supplies
     costs  accounted  for a  substantial  portion of the  increase for both the
     quarter and year to date ended September 30, 1996. In addition,  salary and
     benefit costs increased  $83,000 as a result of increased staff in lending,
     operations,  and  accounting  which were added to support  the  significant
     growth  experienced  during 1995 and 1996. Full time  equivalent  employees
     increased from 77 at September 30, 1995 to 120 as of September 30, 1996. In
     addition,  loan officers were added in the first quarter of 1996 to provide
     support for loan demand and to continue to increase the earning  asset base
     of the Bank.

          For the nine months  ended  September  30, 1996,  net interest  income
     increased  $1,287,000  to $5,171,000  compared to  $3,884,000  for the same
     period in 1995 as a result of the 30% asset growth.  The provision for loan
     loss decreased from $393,000 for the nine month period ended  September 30,
     1995 to $207,000 for the same period in 1996.  Management  uses a procedure
     on a quarterly  basis for evaluating the adequacy of the allowance for loan
     loss. Based on that review management considers the allowance sufficient to
     cover expected loan losses.  Non-interest  income  increased by $363,000 to
     $1,317,000  for the nine  months  ended  September  30,  1996  compared  to
     $954,000  for the same  period  in 1995 for the  reasons  discussed  above.
     Non-interest  expense  increased  to  $5,249,000  for the nine month period
     ended  September 30, 1996 from  $3,233,000  for the same period in 1995 for
     the reasons discussed above. 




<PAGE>

PART II - OTHER INFORMATION



American Bancshares, Inc. and Subsidiary



Item 1.           Legal Proceedings
                  Not applicable this filing.

Item 2.           Changes in Securities
                  Not applicable this filing.

Item 3.           Defaults Upon Senior Securities.
                  Not applicable this filing.

Item 4.           Submission of Matters to a Vote of Security Holders
                  Not applicable this filing.

Item 5.           Other Information.
                  Not applicable this filing.
<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.




                                      /s/      Gerald L. Anthony         
                                      Gerald L. Anthony, President and
                                      Chief Executive Officer


                                      Date:    November 7, 1996  


                                      /s/      Brian P. Peters           
                                      Senior Vice President and
                                      Chief Financial Officer
 

                                      Date:    November 7, 1996