American Bank and BCSB Bancorp, Inc. Announce Mutual Termination of Agreement

American Bank and BCSB Bancorp, Inc. BCSB, the holding company for Baltimore County Savings Bank, F.S.B., today announced that they have mutually terminated the Purchase and Assumption Agreement that American Bank and Baltimore County Savings Bank, F.S.B. previously executed on January 12, 2010. The termination occurred without penalty to either party. In a joint statement, James Plack, president and Chief Executive Officer of American Bank, and Joseph Bouffard, President and Chief Executive Officer of BCSB Bancorp, Inc., said: "This is a mutual decision by the parties. While we believe this transaction could still be beneficial to both companies, obtaining regulatory approval has taken longer than anticipated, and we have reached the point where it is in the best interest of both of our franchises to terminate the agreement and proceed forward."