Evansville, Indiana, October 31, 2006 - American Community Bancorp (OTCBB: ACBP) and its wholly owned subsidiary, Bank of Evansville, announced today Michael A. Elliott has been elected Senior Vice President, Chief Financial Officer, and Assistant Secretary for both the Holding Company and the Bank.

Michael S. Sutton, President and Chief Executive Officer, commented, "We are pleased to announce this appointment. Mike brings more than 25 years of financial, operational, and strategic planning expertise to our organization. We look forward to the significant contributions he will make, not only from his financial expertise, but also from his broad range of administrative experience."

Most recently, Elliott served as Chief Financial Officer and Treasurer for Anchor Industries, Inc. His prior experience includes Chief Financial Officer for Atlas Minerals, Inc. as well as Manager of the Accounting Services Division for Geo. S. Olive & Co., CPAs.

A Certified Public Accountant, Elliott graduated from the University of Southern Indiana with a Bachelor of Science degree in Accounting. He is a member of the American Institute of Certified Public Accountants and the Indiana CPA Society.

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.