American Financial Holdings, Inc. to Join Nasdaq
Financial-100 Index Beginning December 5, 2001

New York, N.Y.—American Financial Holdings, Inc. (Nasdaq:AMFH) of New Britain, Connecticut, will become a component of the Nasdaq Financial-100 Index® effective at the beginning of trading Wednesday, December 5, 2001. American Financial Holdings, Inc. will replace W Holding Company, Inc. (Nasdaq:WBPR), which is de-listing from The Nasdaq Stock Market^SM.

With a market capitalization of $539 million, American Financial Holdings, Inc., the holding company for American Savings Bank, offers a full range of banking services to individuals and corporate customers primarily located in Central Connecticut.

The Nasdaq Stock Market lists over 4,100 companies and trades more shares per day than any other U.S. market. For more information about Nasdaq, visit the Nasdaq Web site at www.nasdaq.com or the Nasdaq Newsroom^SM at www.nasdaq.com/newsroom.