AMERICAN COMMUNITY BANK - Key Persons

Clement B. Knapp, Sr. began his career with the bank serving as an officer and Director for the bank beginning on September 26, 1930. This early leadership helped to push the bank through the Great Depression of the early 1930s and emerge as a strong financial institution. Then, on July 1, 1937, the bank changed its name to American Savings and Loan Association and its deposits became federally insured up to $5000. CB Knapp, Sr. eventually assumed leadership of the bank as its President in 1949 and was responsible for helping to grow and build the bank until his retirement in December of 1978. Fortunately, his 48-year career with the bank ended with his son, Clement B. "Skip" Knapp, Jr., succeeding him as bank President. Nearly 50 years after the first name change, on March 19, 1987, the bank converted to a federally chartered institution and changed its name again to American Savings, FSB. Much as it had under his father, the bank continued to grow and expand under the leadership of Clement B. "Skip" Knapp, Jr. until his subsequent retirement in December of 2008. Like his father before him, Clement B. "Skip" Knapp, Jr. was fortunate to be able to impart his 30 years of wisdom to his son, Michael J. Mellon, and make Mr. Mellon the family's third generation President. The bank continues under Mr. Mellon's leadership today.