<PAGE>


                     U.S. Securities and Exchange Commission
                              Washington, D.C. 20549

                                   Form 10-Q


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

                 For the quarterly period ended September 30, 1999

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

                 For the transition period from ____ to ____


                 Commission file number 0-27474


                            American Bancshares, Inc.
                (Exact Name of Registrants Specified in its Charter)


                 Florida                             65-0624640
        (State or other Jurisdiction of         (IRS Employer Id. No.)
        Incorporation or Organization)

                 4502 Cortez Road West, Bradenton, Florida 34210
                      (Address of Principal Executive Offices)

                                 (941) 795-3050
               (Registrant's telephone number including area code)


              ----------------------------------------------------
              (Former name, former address and former fiscal year,
                         if changed since last report)



Check  whether  the issuer  has (1) filed all  reports  required  to be filed by
Section 13 or 15(d) of the  Securities  Exchange  Act of 1934 during the past 12
months (or for such shorter period that the registrant was required to file such
reports),  and (2) has been subject to such filing  requirements for the past 90
days.
         Yes X  No    .
            ---   ---

Number of shares outstanding of the issuer's Common Stock, par value $1.175 as
of September 30, 1999: 5,032,584 shares.
<PAGE>

                                TABLE OF CONTENTS

<TABLE>
<CAPTION>

                                                                         Page
<S>       <C>                                                          <C>
Part I    FINANCIAL INFORMATION

          Item 1
               -Financial Statements                                     1-4

               -Notes to Consolidated Condensed Financial Statements     5-7

          Item 2
               -Management's Discussion and Analysis
                of Financial Condition and Results of
                Operations                                               8-10

          Item 3
               -Quantitative and Qualitative Disclosure                   11
                About Market Risk


Part II   OTHER INFORMATION

          Item 1     Legal Proceedings
                     (Not applicable)                                    n/a

          Item 2     Changes in Securities and Use of Proceeds
                     (Not applicable)                                    n/a

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

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

          Item 5     Other Information                                    12

          Item 6     Exhibits and Reports on Form 8-K                     13
</TABLE>
<PAGE>


PART 1 - FINANCIAL INFORMATION


ITEM 1.  FINANCIAL STATEMENTS

American Bancshares, Inc. and Subsidiaries
Consolidated Condensed Balance Sheets
(unaudited, $ in thousands)
<TABLE>
<CAPTION>

                                                  September 30,  December 31,       %           $
Assets                                                 1999         1998          Change      Change
                                                  -------------  ------------    --------   ----------
<S>                                                 <C>          <C>          <C>       <C>
  Cash and due from banks                              17,357       20,215         (14.14)     (2,858)
  Interest bearing deposits in banks                       43          104         (58.65)        (61)
  Mortgage loans held for sale                        102,220       88,158          15.95      14,062
  Investment securities, available for sale            37,065       48,323         (23.30)    (11,258)
  Mortgage-backed securities, available for sale       34,275       28,755          19.20       5,520
  Loans (net of allowance for credit losses and
   deferred loan fees of $1,651 as of
   September 30, 1999 and $1,620 as of
   December 31, 1998)                                 257,467      248,808           3.48       8,659
  Premises and equipment, net                          12,682       12,894          (1.64)       (212)
  Other real estate owned, net                            318        1,003         (68.30)       (685)
  Goodwill                                                 70           74          (5.41)         (4)
  Other assets                                          9,962        6,830          45.86       3,132
                                                    ---------    ---------      ---------    --------
  Total assets                                        471,459      455,164           3.58      16,295
                                                    =========   ==========      =========    ========

Liabilities and shareholders' equity

Liabilities
  Deposits                                            352,138      344,845           2.11       7,293
  Securities sold under agreements to repurchase       29,195       29,592          (1.34)       (397)
  Federal funds purchased and FHLB borrowings          43,150       34,900          23.64       8,250
  Guaranteed Preferred Beneficial Interests in
   the Company's Junior Subordinated Debentures        16,249       16,249           0.00           0
  Other liabilities                                     3,734        2,151          73.59       1,583
                                                    ---------    ---------      ---------    --------
    Total liabilities                                 444,466      427,737           3.91      16,729

Shareholders' equity
  Preferred shares, 5,000,000 shares authorized,
  0 shares issued and outstanding as of
  September 30,1999                                         0            0           0.00           0

  Common shares, $1.175 par value, 20,000,000
   shares authorized, 5,032,584 shares issued
   and outstanding as of September 30, 1999
   and 4,994,984 as of December 31, 1998                5,914        5,870           0.75          44
  Additional paid in capital                           15,716       15,551           1.06         165
  Accumulated other comprehensive income, net          (2,455)        (143)      1,616.78      (2,312)
  Retained earnings                                     7,818        6,149          27.14       1,669
                                                    ---------    ---------      ---------    --------
    Total shareholders' equity                         26,993       27,427          (1.58)       (434)
                                                    ---------    ---------      ---------    --------
Total liabilities and shareholders' equity            471,459      455,164           3.58      16,295
                                                    =========    =========      =========    ========

</TABLE>

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



                                     Page 1
<PAGE>
 American Bancshares, Inc. and Subsidiaries
 Consolidated Condensed Statements of Income
 (unaudited, $ in thousands)
<TABLE>
<CAPTION>
                                                  Three Month's Ended September 30,       %             $
                                                         1999           1998          Change        Change
                                                      -----------    -----------    ----------   -----------
<S>                                                   <C>            <C>            <C>          <C>
Interest income
  Interest and fees on loans                               7,480           6,851          9.18            629
  Interest on mortgage backed securities, taxable            591              86        587.21            505
  Interest on investment securities, taxable                 629           1,260        (50.08)          (631)
  Interest on investment securities, nontaxable                8              30        (73.33)           (22)
  Other interest income                                       34              14        142.86             20
                                                        --------        --------     ---------      ---------
    Total interest income                                  8,742           8,241          6.08            501

Interest expense
  Deposits                                                 3,421           3,335          2.58             86
  Securities sold under agreements to repurchase             292             332        (12.05)           (40)
  Federal funds purchased and FHLB advances                  419             531        (21.09)          (112)
  Trust preferred securities                                 354             331          6.95             23
  Other borrowed money                                         0              (2)      (100.00)            (2)
                                                        --------        --------     ---------      ---------
    Total interest expense                                 4,486           4,527         (0.91)           (41)

Net interest income                                        4,256           3,714         14.59            542
Provision for loan losses                                    375             154        143.51            221
                                                        --------        --------     ---------      ---------
Net interest income after loan loss                        3,881           3,560          9.02            321

Noninterest income
  Service charges & fees                                     838             476         76.05            362
  Gain on sale of mortgage loans                              51             510        (90.61)          (492)
  Gain on sale of securities                                   0              58       (100.00)           (58)
  Gain on sale of servicing                                  195              15      1,200.00            180
  Broker loan fees                                            23              27        (14.81)            (4)
  Merchant fees                                              238             172         38.87             66
  Other income                                               232             219         24.73             46
                                                        --------        --------     ---------      ---------
    Total noninterest income                               1,577           1,477          6.77            100

Noninterest expense
  Salaries & employee benefits                             1,920           1,863          3.06             57
  Net occupancy expense                                      293             232         26.29             61
  Furniture and equipment expenses                           369             274         34.67             95
  Data processing fees                                       204             220         (7.27)           (16)
  Interchange fee expenses                                   161             114         41.23             47
  Legal fees                                                  95             114        (16.67)           (19)
  Litigation settlement                                        0               0          0.00              0
  Other expense                                            1,272           1,243          2.33             29
                                                        --------        --------     ---------      ---------
    Total noninterest expense                              4,314           4,060          6.26            254

Income before income taxes                                 1,144             977         17.09            167
Provision for income taxes                                   440             342         28.65             98
                                                        --------        --------     ---------      ---------
Net income                                                   704             635         10.87             69
                                                        ========        ========     =========      =========
Earnings per share (actual $'s)
   Basic                                                    0.14            0.13
   Diluted                                                  0.14            0.13

Average number of shares outstanding
   Basic                                               5,031,497       4,994,984
   Diluted                                             5,047,836       5,015,921

</TABLE>

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



                                     Page 2
<PAGE>
 American Bancshares, Inc. and Subsidiaries
 Consolidated Condensed Statements of Income
 (unaudited, $ in thousands)
<TABLE>
<CAPTION>
                                                   Nine Months ended September 30,      %             $
                                                         1999           1998          Change        Change
                                                      -----------    -----------    ----------   -----------
<S>                                                   <C>            <C>            <C>          <C>
Interest income
  Interest and fees on loans                              22,272         19,136          16.39        3,136
  Interest on mortgage backed securities, taxable          1,409            208         577.40        1,201
  Interest on investment securities, taxable               2,223          3,202         (30.57)        (979)
  Interest on investment securities, nontaxable               49             78         (37.18)         (29)
  Other interest income                                       47            200         (76.50)        (153)
                                                       ---------       ---------       --------     --------
    Total interest income                                 26,000         22,824          13.92        3,176

Interest expense
  Deposits                                                 9,751          9,823          (0.73)         (72)
  Securities sold under agreements to repurchase             865            880          (1.70)         (15)
  Federal funds purchased and FHLB advances                1,655            726         127.96          929
  Trust preferred securities                               1,061            331         220.54          730
  Other borrowed money                                        (1)            25        (104.00)         (26)
                                                       ---------       ---------       --------     --------
    Total interest expense                                13,331         11,785          13.12         1,546

Net interest income                                       12,669         11,039          14.77         1,630
Provision for loan losses                                  1,203            429         180.42           774
                                                       ---------       ---------       --------      --------
Net interest income after loan loss                       11,466         10,610           8.07           856

Noninterest income
  Service charges & fees                                   2,102          1,352          55.47           750
  Gain on sale of loans                                      617            949         (34.98)         (332)
  Gain on sale of securities                                  28            186         (84.95)         (158)
  Gain on sale of servicing                                  206             87         136.78           119
  Broker loan fees                                            83            115         (27.83)          (32)
  Merchant fees                                              811            564          43.79           247
  Other income                                               761            500          52.20           261
                                                       ---------        --------      ---------       -------
    Total noninterest income                               4,608          3,753          22.78           855

Noninterest expense
  Salaries & employee benefits                             6,124          5,131          19.35           993
  Net occupancy expense                                      863            650          32.77           213
  Furniture and equipment expenses                         1,053            726          45.04           327
  Data processing fees                                       674            707          (4.67)          (33)
  Interchange fee expense                                    531            363          46.28           168
  Legal fees                                                 287            604         (52.48)         (317)
  Litigation settlement                                        0            525        (100.00)         (525)
  Other expense                                            3,911          3,761           3.99           150
                                                       ---------       ---------      ---------       -------
    Total noninterest expense                             13,443         12,467           7.83           976

Income before income taxes                                 2,631          1,896          38.77           735
Provision for income taxes                                   961            664          44.73           297
                                                       ---------       ---------      ---------       -------
Net income                                                 1,670          1,232          35.55           438
                                                      ==========       =========      =========       =======
Earnings per share (actual $'s)
Basic                                                       0.33           0.25
Diluted                                                     0.33           0.25

Average Number of shares outstanding
Basic                                                  5,023,535      4,994,691
Diluted                                                5,031,406      5,022,425

</TABLE>

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

                                     Page 3
<PAGE>
American Bancshares, Inc. and Subsidiaries
Consolidated Condensed Statement of Cashflows
(unaudited, $ in thousands)
<TABLE>
<CAPTION>
                                                    Nine Months ended September 30,
                                                          1999           1998
                                                       ----------     ---------
<S>                                                   <C>            <C>
Cash flows from operating activities:
 Net income                                                 1,670         1,232
                                                         --------      --------
 Adjustments to reconcile net income to net cash
  provided by operating activities:
  Provision for loan losses                                 1,203           429
  Net gain on sale of investment securities                   (20)         (170)
  Net gain on sale of loans                                  (617)         (949)
  Net gain on sale of mortgage servicing rights              (206)          (87)
  Net loss on sale of foreclosed real estate                   50             0
  Depreciation                                                964           689
  Origination of loans held for sale (net of repayments)  (58,451)      (95,199)
  Proceeds from sales of loans held for sale               44,389        52,191
  Net amortization of premiums and accretion of
   discounts on investment securities                          39             3
  Increase in other liabilities                             1,583         1,049
  (Increase) decrease in other assets                      (2 287)       (2,413)
                                                         --------      --------
 Total adjustments                                        (13,353)      (44,457)
                                                         --------      --------
Net cash provided by/(used in) operating activities       (11,683)      (43,225)
                                                         --------      --------
Cash flows from investing activities:
 Loan originations, net of repayments                      (9,412)      (21,088)
 Purchases of bank premises and equipment                    (752)       (3,983)
 Proceeds from sales and maturities of available for
  sale investment securities                               18,321        54,201
 Purchases of available for sale investment
  securities, net of repayments                           (14,914)      (66,405)
 Recoveries on loans charged off                              166            83
                                                        ---------      --------
Net cash used in investing activities                      (6,591)      (37,192)
                                                        ---------      --------
Cash flows from financing activities:
 Net increase (decrease) in demand deposits, NOW
  and savings accounts                                       (662)       25,644
 Net increase (decrease) in time deposits                   7,955        (1,533)
 Net increase (decrease) in securities sold under
  agreements to repurchase                                   (397)       12,850
 Proceeds from issuance of trust preferred securities           0        16,249
 Net proceeds from advances (repayments)from the
  FHLB and Federal Funds purchased                          8,250        27,000
 Proceeds from issuance of stock                              209             0
                                                        ---------     ---------
Net cash provided by financing activities                  15,355        80,210
                                                        ---------     ---------
Net increase (decrease) in cash and cash equivalents       (2,919)         (207)
Cash and cash equivalents at beginning of period           20,319        18,396
                                                        ---------     ---------
Cash and cash equivalents at end of period                 17,400        18,189
                                                        =========     =========
Supplemental disclosures:
 Interest paid                                             12,988        11,422
                                                        =========     =========
 Income taxes paid                                            415           915
                                                        =========     =========
</TABLE>

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



                                     Page 4
<PAGE>
                       AMERICAN BANCSHARES, INC. AND SUBSIDIARIES
                  NOTES TO CONSOLIDATED CONDENSED FINANCIAL STATEMENTS




Note 1.    Holding Company and Subsidiaries 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 (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 1, 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,  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 Company had been in existence since the Bank was formed
in 1988 and as if the Bank was it's wholly owned subsidiary since that time.

The Company organized a wholly-owned  Florida  subsidiary  corporation,  Freedom
Finance  Company,  ("Finance  Company"),  pursuant  to which it  engages in full
service  consumer  financing.  The Finance Company was incorporated on March 26,
1997 and opened  for  business on March 31, 1998.  The  Finance  Company  offers
consumer-driven  products and  services  ranging  from  mortgages to  automobile
loans,  home equity loans and education  financing.  The Finance Company has the
ability to extend financing to individuals and entities which may not be able to
satisfy the Bank's underwriting requirements or loan standards.

ABI Capital Trust  ("ABICT"),  a Delaware  statutory  trust,  was created on May
21,1998.  The ABICT exists for the exclusive  purpose of (i) issuing and selling
Common  Securities  and  Preferred  Securities  of ABICT  (together  the  "Trust
Securities"), (ii) using the proceeds of the sale of Trust Securities to acquire
Deferrable Interest Debentures ("Junior Subordinated  Debentures") issued by the
Company,   and  (iii)  engaging  only  in  those  other  activities   necessary,
convenient,  or incidental  thereto (such as  registering  the transfer of Trust
Securities).  Accordingly  the Junior  Subordinated  Debentures will be the sole
assets of the ABICT. The Company owns all of the Common Securities of ABICT, the
only voting security, and as a result it is a subsidiary of the Company.

On  September  6,  1999  the  Company  entered  into an  Agreement  and  Plan of
Reorganization  with Gold Banc Corporation,  Inc., a Kansas  corporation  ("Gold
Banc"),  and Gold Banc  Acquisition  Corporation XI, Inc., a Kansas  corporation
which will be a wholly-owned subsidiary of Gold Banc, ("Acquisition Subsidiary")
pursuant to which, among other things the Company will be merged  with  and into
Acquisition   Subsidiary,   with   Acquisition   Subsidiary   as  the  surviving
corporation. Exhibit 2.1 is incorporated herein by reference.

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 three and nine month  periods  ended  September 30, 1999 are
not necessairly  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,
1998 Form 10-K.  This quarterly  report should be read in  conjunction with such
annual report.


Note 3.           Investments

The Company's  investments  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 No. 115. Unrealized gains and losses
are  reflected  as  a  separate   component  of  shareholders'   equity  on  the
consolidated  statement of condition. At September 30, 1999, an unrealized loss,
net of tax, of $2,455,000 was reflected as a decrease of shareholders' equity.



                                     Page 5
<PAGE>
                       AMERICAN BANCSHARES, INC. AND SUBSIDIARIES
                  NOTES TO CONSOLIDATED CONDENSED FINANCIAL STATEMENTS



Note 4.           Earnings Per Share

  Basic  earnings per common share is  calculated  by dividing net income by the
sum of the weighted average number of shares of common stock outstanding.

  Diluted  earnings per common share is calculated by dividing net income by the
weighted  average  number of shares of common  stock  outstanding,  assuming the
exercise of stock options and warrants  using the treasury  stock  method.  Such
adjustments to the weighted average number of shares of common stock outstanding
are made only when such  adjustments  dilute  earnings  per  common  share.  The
diluted earnings per share is summarized as follows:
<TABLE>
<CAPTION>
                                                             Nine Months             Three Months
                                                          ended September 30,     ended September 30,
                                                           1999        1998        1999        1998
                                                        ---------   ---------   ---------   ---------
<S>                                                    <C>         <C>         <C>         <C>
Weighted average common shares outstanding...........   5,023,535   4,994,691   5,031,497   4,994,984
Weighted average common shares equivalents...........       7,871      27,734      16,339      20,937
                                                        ---------   ---------   ---------   ---------
Shares used in diluted earnings per share calculation   5,031,406   5,022,245   5,047,836   5,015,921
                                                        =========   =========   =========   =========
</TABLE>



Note 5.           Comprehensive Income

Effective January 1, 1998 the Company has adopted Financial Accounting Standards
("FAS") No. 130 "Reporting  Comprehensive Income," which requires that all items
that are required to be recognized under  accounting  standards as components of
comprehensive income be reported in the financial statements. Prior periods will
be reclassified as required.  The Company's total comprehensive  earnings are as
follows:
<TABLE>
<CAPTION>
Comprehensive Earnings (unaudited, $ in thousands)

                                           Nine Months ended September 30,      Three Months ended September 30,
                                               1999               1998              1999               1998
                                               ----               ----              ----               ----
<S>                                        <C>                <C>               <C>                <C>
Net income (loss)                              1,670              1,232               704                635
Other comprehensive earnings (losses):
Unrealized gains (losses) on securities       (2,312)               336              (769)               408
                                              -------            -------           -------            -------
Comprehensive income                            (642)             1,568               (65)             1,043
</TABLE>


Note 6.           Impact of Recently Issued Accounting Standards

Financial  Accounting  Standards Board Statement (FAS) No. 137, "Accounting for
Derivative Instruments and Hedging Activities -- Deferral of the Effective  Date
of FASB Statement  No. 133 -- an amendment of FASB Statement No. 133," was
issued in June 1999 and was effective  upon issuance. As issued, FAS No. 133 was
to be effective for all fiscal quarters of all fiscal years beginning after June
15, 1999, with earlier application  encouraged. This statement amends FAS No.133
by  deferring the  effective  date of FAS No. 133 to all  fiscal quarters of all
fiscal years  beginning after June 15, 2000.  See additional  analysis below for
the impact of FAS No. 133.




                                     Page 6
<PAGE>
                       AMERICAN BANCSHARES, INC. AND SUBSIDIARIES
                  NOTES TO CONSOLIDATED CONDENSED FINANCIAL STATEMENTS



Note 6.           Impact of Recently Issued Accounting Standards (continued)

FAS No. 134,  "Accounting  for  Mortgage-Backed  Securities  retained  after the
Securitization  of Mortgage Loans Held for Sale by a Mortgage  Banking  Entity,"
amends  FAS  No.  65  allowing  mortgage-backed  securities  or  other  retained
interests  arising from the  securitization  of mortgage  loans to be classified
based on the mortgage banking entities' ability and intent to sell of hold those
securities. Previously these securities had to be held within a trading account.
This statement  became  effective in the first quarter of 1999 and had no impact
on the financial statements.

FAS No. 133,  "Accounting for Derivative  Instruments  and Hedging  Activities,"
requires all  derivatives  to be recorded on the balance sheet at fair value and
establishes  standard  accounting  methodologies  for  hedging  activities.  The
standard will result in the  recognition of offsetting  changes in value or cash
flows of both the hedge and the hedged item in earnings or comprehensive  income
in the same period.  The statement,  as amended by FAS No. 137, is effective for
the Company's fiscal year ending December 31, 2001. Because the Company does not
currently hold any derivative investments, the adoption of this statement is not
expected to have an impact on the financial statements.

Securities and Exchange  Commission Staff Accounting Bulletin No. 99 ("SAB 99"),
"Materiality,"  was issued in September  1999 and discusses  materiality  in the
financial statements. SAB 99 emphasizes that quantitative measurements should be
coupled with a qualitative  analysis when assessing and evaluating  materiality.
It further  states that  known,  recurring  errors  should not be  permitted  if
management's  reason for not adjusting is that they know that it falls below the
quantitative  rules of thumb,  except  when they are  truly  insignificant.  The
Company believes that it is currently in compliance with this bulletin.


                                     Page 7
<PAGE>


PART I.

ITEM 2.

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

American Bancshares, Inc. and Subsidiaries

Forward Looking Statements

This  Quarterly  Report on Form 10-Q  (including the Exhibits  hereto)  contains
certain  "forward-looking  statements"  within the  meaning  of the safe  harbor
provisions  of the Private  Securities  Litigation  Reform Act of 1995,  such as
statements  relating  to,  among  other  things,  the  financial  condition  and
prospects,   results  of  operations,  plans  for  future  business  development
activities,  capital  spending and financing  sources,  capital  structure,  the
effects of regulation and competition,  year 2000 readiness, and the business of
the  Company  and  its  subsidiaries.  Where  used  in this  filing,  the  words
"anticipate",  "believe",  "estimate",  "expect",  "intend", "plan", and similar
words and expressions,  as they relate to the Company,  or the management of the
Company, identify forward-looking  statements.  Such forward-looking  statements
reflect the current views of the Company and are based on information  currently
available  to the  management  of the  Company  and upon  current  expectations,
estimates,  and  projections  about the Company and its  industry,  management's
beliefs with respect thereto, and certain assumptions made by management.  These
forward-looking  statements  are not  guarantees of future  performance  and are
subject to risks,  uncertainties,  and other  factors  which could cause  actual
results  to  differ   materially   from  those  expressed  or  implied  by  such
forward-looking  statements as a result of various factors.  Potential risks and
uncertainties  include,  but are not limited to: (i) competitive pressure in the
banking and financial services industries increasing significantly; (ii) changes
in the  interest  rate  environment  which  reduce  margins;  (iii)  changes  in
political  conditions  or changes  occurring in the  legislative  or  regulatory
environment;  (iv) general economic conditions, either nationally or regionally,
becoming  less  favorable  than expected  resulting  in, among other  things,  a
deterioration in credit quality;  (v) changes  occurring in business  conditions
and inflation;  (vi)  acquisitions  and  integration  of acquired  businesses or
assets;  (vii)  changes  in  technology;  (viii)  changes  in  monetary  and tax
policies;  (ix)  changes  occurring  in the  securities  markets;  (x) year 2000
related issues and (xi) other risks and uncertainties detailed from time to time
in the filings of the Company with the  Commission  including the report on Form
10-K for the year ended December 31, 1998.

Liquidity and Capital Resources

Total assets of the Company  increased by 3.58% to  $471,459,000 as of September
30, 1999 from $455,164,000 as of December 31, 1998 and 7.7% from $437,739,000 as
of September  30,  1998.  The  increase in assets from  December  31, 1998,  was
primarily the result of increases in net loans of  $22,721,000  to  $359,687,000
and mortgage backed  securities of $5,520,000 to  $34,275,000.  The increases in
assets from December 31,1998 to September 30,1999 were funded through  increases
in Deposits of $7,293,000  to  $352,138,000  and  increases  in  borrowings  of
$8,250,000  to $43,150,000.

As of September 30, 1999, the Bank's Tier 1 leverage ratio was 8.45%,  Tier 1 to
risk  weighted  assets  was 11.51% and total  risk  based  capital  was  12.17%,
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, 1999 of 41.66%.  The
Bank is a member of the Federal  Home Loan Bank of Atlanta  (FHLB). The FHLB has
approved a line of credit for the Bank totaling  $89,393,000  collateralized  by
qualifying mortgages and all of the Bank's FHLB stock. As of September 30, 1999,
advances totaling $43,150,000 were outstanding.  The Bank also maintains Federal
Funds Purchased  agreements with several  correspondent banks to provide sources
of overnight  funds.  As of September  30, 1999,  the Bank had no federal  funds
purchased.

Management  believes that there are adequate  funding sources to meet its future
liquidity needs for the foreseeable future.  Primary among these funding sources
are the  repayment  of  principal  and  interest  on loans,  the renewal of time
deposits,  and the growth in the deposit base.  Management does not believe that
the terms and  conditions  that will be present at the time of renewal of these
funding sources will  significantly impact the  Company's operations, due to its
management of the maturities of its assets and liabilities.



                                     Page 8
<PAGE>

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


PART I.

ITEM 2. (continued)

Results of Operations

The Company's  net income for the quarter ended  September 30, 1999 was $704,000
or $.14 per share,  compared to net income of $635,000 or $.13 per share for the
same period for 1998. Net interest income  increased  $542,000 to $4,256,000 for
the quarter ended September 30, 1999, over the same quarter in 1998, as a result
of the increase in interest earning assets.  Non-interest  income increased from
$1,477,000  for the quarter ended  September 30, 1998 to $1,577,000 for the same
period in 1999. The increase in non-interest income is primarily attributable to
increases in service  charges and fees on deposits of $362,000;  gain on sale of
servicing of $180,000;  credit card merchant  services fee income of $66,000 and
other  income of $46,000  partially  offset by  decreases in gain on the sale of
mortgage  loans of $492,000; gain on  sale of securities  of $58,000 and  broker
loan fees of $4,000.

Total general and  administrative expenses for the quarter  ended  September 30,
1999,  increased  $254,000 over the same period in 1998. This increase  resulted
primarily  from  increases in furniture  and  fixtures  expense of $95,000;  net
occupancy  expense of  $61,000;  salaries  expense of $57,000;  interchange  fee
expenses  of $47,000  and other  operating  expenses  of $29,000  related to the
growth in the Company's assets,  the number of Bank branches,  and the operation
of the Finance  Company.  These increases were partially  offset by decreases in
legal fees of $19,000 and data processing fees of $16,000.

For the three months ended  September  30,1999,  net interest  income  increased
$542,000 to $4,256,000, compared to $3,714,000 for the same period in 1998, as a
result  of  the  7.7%  asset  growth  and  the  repricing  of  certain   deposit
liabilities.  Loan loss  provision  increased  from $154,000 for the three month
period  ended  September  30,  1998 to  $375,000  for the same  period  in 1999.
Management  uses a procedure on a monthly 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.

For the nine months ended  September 30, 1999, net income was $1,670,000 or $.33
per share,  compared to net income of  $1,232,000 or $.25 per share for the same
period for 1998. In 1998  earnings per share were affected by the  settlement of
certain  litigation  of $525,000 and  associated  legal fees of $235,000,  costs
associated  with the  acquisition of Murdock  Florida Bank of $541,000 and costs
associated  with  the  opening  of  the  Ruskin  branch  of  $67,000  net of the
associated  income tax  benefit of $479,000.  In 1999  earnings per  share  were
affected  by  approximately  $124,000,  after  tax,  as a result of a  severance
payment to former CEO and President Gerald Anthony.

Net interest income increased  $1,630,000 to $12,669,000 compared to $11,039,000
for the  same  period  in 1998 as a  result  of the 7.7%  asset  growth  and the
repricing of certain  deposit  liabilities.  The provision for loan loss expense
increased  from  $429,000 for the nine month period ended  September 30, 1998 to
$1,203,000 for the same period in 1999.  During the nine months ended  September
30,1999  the  Bank  charged-off  $593,000  of bad  debt  that was part of a loan
relationship  totaling   approximately  $1  million.   Management  believes  the
remaining loan balances in this relationship are adequately  collateralized  and
that additional  write-downs  should not be necessary.  Management  continues to
monitor  the  status  of  this  relationship  and  intends  to  take  action  as
appropriate.  Management  uses a procedure on a monthly 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.

Noninterest income increased to $4.6 million for the nine months ended September
30,1999  from $3.8 million for the same period for 1998.  Significant  increases
include service charges and fees of $750,000; merchant fees of $247,000 and gain
on sale of servicing of $119,000.

Noninterest  expenses  increased  $976,000 to $13.4  million for the nine months
ended  September  30,1999  from  $12.5  million  for the same  period  for 1998.
Salaries  and  employee  benefits  increased  $993,000 to $6.1 million from $5.1
million  due to  increased  staff  size and  furniture  and  equipment  expenses
increased  $327,000  (including  $190,000 of increased  depreciation  expenses).
These increases were partially  offset by decreases in litigation  settlement of
$525,000  and  associated  legal fees of  $235,000,  costs  associated  with the
acquisition of Murdock  Florida Bank of $541,000 and costs  associated  with the
opening of the Ruskin branch of $67,000.




                                     Page 9
<PAGE>

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


PART I.

ITEM 2. (continued)

Year 2000 Compliance

Year 2000  issues  and state of  readiness:  The  Company is aware of the issues
associated with existing  computer-controlled  systems properly  recognizing and
processing  information  relating  to dates in and after the Year 2000.  Systems
that cannot adequately process dates beyond the year 1999 could generate
erroneous  data or cause a system to fail.  Because the Year 2000 issue poses an
unprecedented  enterprise  wide  challenge for every  organization,  the Company
formed a Year 2000 Committee ("Y2K  Committee").  The Y2K Committee  developed a
Year 2000 Project Plan ("Y2K Plan") which  addresses  both internal and external
technology. The data processing systems and software include those developed and
maintained by the Company's  third-party  data processing  vendors and purchased
software which is run on in-house computer networks.

In 1997  the  Company,  through  the  Y2K  Committee,  initiated  a  review  and
assessment  of all  hardware  and  software  to  confirm  that it will  function
properly  in the  Year  2000.  Each  system  was  evaluated  for its  degree  of
significance  to the  operations  of the  Company and  detailed  test plans were
developed for those systems determined to be of a critical nature.

Third-party data processing vendors  (primarily M&I Data Services,  Inc. for its
general ledger,  deposits,  and portfolio loans;  Essex Home Mortgage  Servicing
Corp. for its loans held for sale;  Compass Bank for its  investment  portfolio,
and Contour,  Inc. for its mortgage loan processing systems) have been contacted
and the Company has obtained  verification from these vendors that these systems
will function properly in the Year 2000.

With respect to purchased software and electronic  hardware devices currently in
use, the Company has inventoried these items to determine which of these devices
rely on a valid date in order to  function.  The  Company  has  contacted  those
vendors  identified  through  this  inventory,  who have  indicated  that  their
hardware and software is or will be Year 2000 compliant in time frames that meet
regulatory requirements.

Non-information  technology  embedded systems  consisting  primarily of security
systems, HVAC controls and elevators have also been reviewed. These systems were
found to be generally year 2000 compliant.

The Company also has  relationships  with  suppliers  and other  companies.  The
Company has contacted key  suppliers of goods or services  regarding  their Year
2000 readiness.  They are in the process of reviewing their systems. The Company
will continue to monitor these suppliers as to their Year 2000 readiness.

Risks  associated  with year 2000 and  contingency  plan:  Based on  information
currently  available  to  the  Company,  the  Company  believes  that  the  most
reasonably  likely  worst case Year 2000  scenario  with  respect to the Company
relates to the  potential  failure of third  party  data  processing  vendors to
become Year 2000  compliant.  The inability of these third party data processing
vendors to complete  their Year 2000  remediation  processes in a timely fashion
could result in delays in processing  daily  transactions  and could result in a
material  adverse  effect on the Company's  results of operations  and financial
condition.  The Company has  developed a contingency  plan to address  potential
failures in these systems.  The Company believes that  modifications to existing
systems,  conversion  to new systems,  and vendor  compliance  upgrades  will be
resolved on a timely basis.

Expenses related to year 2000 compliance.  The Company's  current  assessment of
cost  associated  with  the  completion  of its Y2K  Plan is not  considered  by
management to be material to  the Company's future operations. Through September
30, 1999, the Company has  expended  $71,000 on its  Y2K  Plan  and  anticipates
additional costs of approximately  $25,000, to be  incurred in 1999. The cost of
completing the Company's Y2K Plan and the dates on which all procedures  will be
completed are based on management's best estimates. These estimates were derived
utilizing  various  assumptions  about future  events,  including  the continued
availability of resources,  external  technology,  modification  plans and other
significant  factors.  However,  there can be no guarantee that these  estimates
will be achieved and actual results could differ materially from those currently
anticipated.



                                     Page 10
<PAGE>

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


PART 1.

ITEM 3.    Quantitative and Qualitative Disclosure About Market Risk

MARKET RISK

One of the  Company's  primary  objectives  is to  control  fluctuations  in the
Economic Value of Equity ("EVE") caused by changes in interest rates. The Bank's
Asset/Liability Committee ("ALCO") is responsible for addressing fluctuations in
the EVE.  The ALCO  utilizes a model that takes into account and  evaluates  the
market risk of the Bank's financial  position.  Market risk represents  possible
risk of loss from  adverse  changes in market  prices and interest  rates.  ALCO
monitors the impact of changes in the interest  rates  through the use of an EVE
model.  EVE is the net  present  value of the  balance  sheet cash  flows.  This
measures a sudden  increase or  decrease  in  interest  rates in 100 basis point
increments and the effect of such change on the net present value of equity. The
following table sets forth the estimated impact of immediate changes in interest
rates as of September 30, 1999:



<TABLE>
<CAPTION>
             RATE CHANGE                  EVE                   % CHANGE
             -----------               ---------                --------

             <S>                       <C>                      <C>
                - 400                  $  52,593                  11.35%
                - 300                     49,766                   5.37
                - 200                     47,444                   0.45
                - 100                     46,387                  (1.79)
                    0                     47,231                   0.00
                + 100                     48,360                   2.39
                + 200                     49,610                   5.04
                + 300                     50,913                   7.80
                + 400                     52,251                  10.63
</TABLE>

The  preceding  table  indicates  that at September  30, 1999, in the event of a
sudden and  sustained  increase  or  decrease  in market  rates the EVE would be
expected to increase, with the exception of a 100 basis point drop where the EVE
would be  expected  to  decrease.  These  changes  are the  result of  repricing
opportunities inherent in the balance sheet.  Computations of forecasted efforts
of interest  rates are based on numerous  assumptions,  such as market  interest
rates, loan growth and prepayment,  deposit  maturities and retention and should
not be relied upon as indicative of future  results.  Also, the  computations do
not take into effect any actions  that the ALCO could  undertake  in response to
changes in interest rates.

                                     Page 11
<PAGE>


PART II - OTHER INFORMATION


Item 1.   Legal Proceedings

         Not applicable this filing.


Item 2.   Changes in Securities and Use of Proceeds

         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

         On September 6, 1999, the Company entered into an Agreement and Plan of
Reorganization  (the "Merger  Agreement")  with Gold Banc  Corporation,  Inc., a
Kansas  corporation  ("Gold Banc"),  and Gold Banc  Acquisition  Corporation XI,
Inc., a Kansas corporation which will be a wholly-owned  subsidiary of Gold Banc
("Acquisition  Subsidiary"),  pursuant to which the Company  will be merged with
and into Acquisition  Subsidiary.  Concurrently with the execution of the Merger
Agreement,  on  September  6, 1999,  Gold Banc and all of the  directors  of the
Company executed a Voting Agreement.  For additional  information  regarding the
terms and conditions of the Merger Agreement and the Voting  Agreement,  see the
Company's  Current  Report on Form 8-K filed with the  Securities  and  Exchange
Commission (the  "Commission")  on September 21, 1999 as referenced in Item 6(b)
of this Form 10-Q.


                                     Page 12
<PAGE>


Item 6.   Exhibits and Reports on Form 8-K

(a)   Exhibits:

2.1     --    Agreement  and Plan of Reorganization, dated September 6, 1999, by
              and among  American  Bancshares, Inc., Gold Banc Corporation, Inc.
              and Gold Banc  Acquisition Corporation XI, Inc., incorporated
              herein by reference to Exhibit 2.1 to the Company's Current Report
              on Form 8-K filed with the Commission on September 21,1999.

10.1    --    Voting  Agreement, dated September 6, 1999, by and among Gold Banc
              Corporation, Inc. and all of the directors of the Company,
              incorporated  herein by reference to Exhibit 10.1 to the Company's
              Current Report on Form 8-K filed  with the Commission on September
              21, 1999.

10.2    --    American Bancshares, Inc. 1999  Stock Option and Equity Incentive
              Plan, dated March 23, 1999.*

----------------
*        Exhibit filed herewith.


(b)   Reports on Form 8-K

         A  Current  Report  on Form  8-K was  filed  by the  Company  with  the
Commission  on  September  21,  1999  pursuant  to Item 5 thereof  to report the
execution of a definitive Agreement and Plan of Reorganization,  dated September
6, 1999, by and between American Bancshares,  Inc., Gold Banc Corporation,  Inc.
and Gold Banc  Acquisition  Corporation  XI,  Inc.  pursuant  to which  American
Bancshares,  Inc. will be merged with and into Gold Banc Acquisition Corporation
XI, Inc.

                                     Page 13
<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/      Jerry L. Neff
                                            -----------------------------------
                                            Jerry L. Neff, President and
                                            Chief Executive Officer


                                            Date: November 12, 1999
                                                 -------------------


                                            /s/      Brian M. Watterson
                                            -----------------------------------
                                            Brian M. Watterson
                                            Senior Vice President and
                                            Chief Financial Officer


                                            Date: November 12, 1999
                                                 -------------------