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Compound Adjectives

Hello, I'd like to thank this website for having a place where I can discuss things, it has given me so much information that I ever needed.

Nonetheless, a question came in my English exam and here it is below, and I wish someone could explain.
..
Make a compound adjective to describe the noun that is described (Not sure what it was literally)

Q: A bank that is American as well as Italian.
A: An American-and-an-Italian bank.

I apologize, the question isn't stated properly, but I think the point is crystal clear.
That's all. I'm sure I've mistaken there and I wish you correct me.

Regards
- Joseph

Re: Compound Adjectives

An Italo-American Bank