Evansville, IN, April 25, 2006 - American Community Bancorp, Inc. ("the Company") (OTCBB: ACBP), the holding company for Bank of Evansville, today announced first quarter results for 2006. The Company had net income for the first quarter of $444,168, compared to $515,326 for the same quarter a year ago, a decrease of $71,158. The Company recorded income tax expense for the first quarter of 2006 of $305,700, while no income tax expense was recorded in the first quarter of 2005. During the first quarter of 2005, net operating loss carry forwards from the Company's start up operations offset taxable income, accordingly no income tax expense was recorded. These carry forwards were fully utilized in 2005 because of the Company's profitable growth, and the Company is now required to record income tax expense at the full statutory rate. Diluted earnings per share were $0.26 for 2006, compared to $0.31 for 2005, a decrease of $0.05 per share. Income tax expense recorded in the first quarter of 2006 amounted to $0.18 per diluted share. Pre tax income for the first quarter was $749,868 in 2006 and $515,326 in 2005, reflecting an increase of $234,542 or 45.5 percent.

Total revenues, consisting of net interest income and non interest income, were $2,125,251 for the first quarter of 2006, an increase of $302,352 or 16.6 percent, compared to $1,822,899 for the first quarter of 2005. Net interest income for the first quarter was $1,813,621, reflecting an increase of $297,543 or 19.6 percent over the same period a year ago. The increase in net interest income for the first quarter of 2006 over the same quarter in the prior year was primarily attributable to an increase in average loans of $41,230,163 or 28.8 percent. Non interest income was $311,630, compared with $306,821 for the same quarter a year ago, reflecting a modest increase. Growth in service charge income and income from merchant credit card processing fees were offset by a decrease in gain on sale of real estate loans sold in the secondary market, due to the higher interest rate environment.

Non interest expense for the first quarter of 2006 was $1,238,411, $56,038 or 4.7 percent higher than the first quarter of 2005. Salaries and benefits, the largest component of non interest expense, for the current quarter increased $36,740 or 5.7 percent over the prior year quarter. The increase in salaries and benefits reflects the Company's investment in personnel necessary to support the continued growth of the Company's assets and revenues. The efficiency ratio for the first quarter improved from 64.9 percent in 2005 to 58.3 percent in 2006.

Michael S. Sutton, President and Chief Executive Officer commented, "Although income taxes negatively impacted our current quarter net income compared to the same period a year ago, our 45.5 percent increase in pre tax income is a more representative measure of our performance. Compared to the first quarter of 2005, revenues are up over 16 percent, the growth of non interest expense was held to under 5 percent, and the efficiency ratio improved by 6.6 percent."

The provision for loan losses for the first quarter was $136,972 in 2006 and $125,200 in 2005. Net charge offs for the current quarter were $37,818 or on an annualized basis 0.08 percent of average loans. There were no loans charged off in the first quarter of 2005. The ratio of the allowance for loan losses to total loans was 1.50 percent at March 31, 2006, and 1.52 percent at March 31, 2005.

Mr. Sutton continued, "Our credit quality remains sound; we have experienced only $51,000 in net charge offs since opening for business on July 2, 2001. At March 31, 2006, the Company had no non performing loans and had only one loan for $14,000 which was past due over 30 days. Our low level of charge offs and delinquency statistics reflect positively on our credit culture and underwriting standards."

Total assets at March 31, 2006, were $225,753,362, increasing $46,612,664 or 26.0 percent from $179,140,698 at the same date a year ago. Loans increased $40,772,066 or 27.7 percent and reached $187,861,180 at March 31, 2006, compared to $147,089,114 at March 31, 2005. Deposits at March 31, 2006, were $199,197,655, increasing $35,690,999, compared to $163,506,656 at March 31, 2005.

Mr. Sutton concluded, "Our asset growth continues to be driven by strong commercial loan demand in the Evansville area. We also have been successful in increasing our core deposit base by approximately $34 million over last year. These results reflect positively on our business strategy and the expertise of our banking professionals."

American Community Bancorp, Inc., through its wholly owned subsidiary, Bank of Evansville, provides a full range of commercial and consumer banking services in the Evansville, Indiana, area.

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.

AMERICAN COMMUNITY BANCORP, INC.
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