AMERICAN COMMUNITY BANCORP, INC.

American Community Bancorp, Inc. Announces Issuance of $3 Million of Trust Preferred Securities

Evansville, IN, July 18, 2005 – American Community Bancorp, Inc. (OTCBB: ACBP) (the “Company”), the holding company for Bank of Evansville, announced its newly established Delaware trust subsidiary, ACB Capital Trust II, completed the private sale of $3,000,000 of Floating Rate Preferred Securities on July 15, 2005.  These securities have a 30-year maturity and are redeemable by the Company after five years without penalty.  The securities pay a floating interest rate based on the three month LIBOR plus a specified percentage, which adjusts quarterly and is currently approximately 5.45 percent.

Michael S. Sutton, President and CEO said, “The proceeds of the securities will be used to provide additional regulatory capital to support the growth of the Company’s bank subsidiary, Bank of Evansville (the “Bank”).  The Bank’s plans for growth of loans and assets have created the need to expand the regulatory capital base.  Trust preferred securities are a capital instrument which allows us to expand our capital without diluting existing shareholders.”

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. 

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4424 Vogel Road

Evansville, IN  47715

Phone:  (812) 962-2265           Fax:  (812) 962-1383