Evansville, IN, March 5, 2007 – American Community Bancorp, Inc. (OTCBB: ACBP) (the “Company”), the holding company for Bank of Evansville, today revised its diluted earnings per share for the 2006 fiscal year to $.98 per share from the previously reported total of $.95 per share. This increase resulted from the application of Statement of Financial Accounting Standards No. 123R “Share-Based Payments” (“FAS 123R”) in determining the average diluted shares outstanding for the year. The application of FAS 123R decreased the average diluted shares outstanding from 1,829,456 to 1,767,750. This revision has no impact on the previously reported net income of $1,736,011, or any other reported financial results.

This news release contains forward looking statements within the meaning of the safe harbor provisions of the Private Securities Act of 1995. Such statements are based on management’s current expectations and are subject to a number of risk factors and uncertainties which could cause actual results to differ materially from those described in the forward looking statements.