Market Overview

Bank of Utah to Acquire American Bank of Commerce

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Two great, Utah-owned banks will soon join forces as BOU Bancorp, Inc.,
the holding company for Bank of Utah, plans to purchase AmBancorp, the
holding company for American Bank of Commerce (AmBank). Douglas L.
DeFries, president and CEO of BOU Bancorp, Inc., announced that both
boards of directors have approved the merger and a definitive agreement
has been signed. The transaction will be subject to approval by
regulators and AmBancorp shareholders and is expected to close in the
fourth quarter of 2018. The three AmBank locations, with over $75
million in deposits, will bear the Bank of Utah name in Lindon, Provo
and Heber City, Utah following the purchase. This will be the fifth
acquisition in Bank of Utah's history.

Bank of Utah currently operates 14 full-service bank branches,
additional mortgage offices in St. George, Price, Logan and Sandy, and
trust services in both Ogden and Salt Lake City, Utah. The merger will
increase Bank of Utah's presence in Utah County by adding two more
retail branches and will add the first Bank of Utah branch in Wasatch
County.

"The union of these two great Utah organizations will provide a strong
set of local banking experts and the most up-to-date products and
services for individuals and businesses in what will be 17 deposit
branches from Logan to Provo," said DeFries. "We are very pleased to
create a stronger, independent, Utah-based network of retail bank
branches, with combined assets of over $1.4 billion."

"The partnership with Bank of Utah allows our trusted bankers to
continue offering locally processed and financed commercial and
residential loans, with the significant new benefit of more robust cash
management services and greater choice in deposit accounts and online
banking," noted Leonel E. Castillo, president and CEO of AmBancorp.
"Further, our customers will now enjoy trust services, including
self-directed IRAs, insurance offerings, wealth management, larger
lending limits and other excellent services. We are confident that our
customers and staff will experience a smooth transition and will soon
greatly appreciate the new opportunities available."

BOU Bancorp, Inc. was advised in the transaction by Keefe, Bruyette &
Woods, A Stifel Company, as financial advisor, and Hunton Andrews
Kurth LLP as legal counsel. AmBancorp was advised by Sandler O'Neill +
Partners, L.P. as financial advisor and Jones Waldo Holbrook &
McDonough, PC as legal counsel.

About BOU Bancorp, Inc.

BOU Bancorp, Inc. is the holding company for Bank of Utah with 14
full-service branches along the Wasatch Front, mortgage offices in St.
George, Price, Logan and Sandy, and trust teams in Ogden and Salt Lake
City. Frank M. Browning of Ogden founded the Bank of Utah in 1952 and
the bank has since grown to more than 350 employees and more than 1.3
billion dollars in assets. Bank of Utah offers personal and business
banking, mortgage and commercial lending and trust and investment
services. For more information call 1-800-516-5559 or visit bankofutah.com.

Additional Information for AmBancorp Shareholders

In the coming weeks, shareholders of AmBancorp will receive additional
information regarding the proposed transaction, and will be invited to
vote on the transaction at a special shareholders' meeting.

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