1. 1. Cook chorizo in a skillet until browned and crumbled. 2. Slice the bread and place American cheese slices on one side of each slice. 3. Top the cheese with cooked chorizo and banana peppers. 4. Close the sandwich with the other slice of bread. 5. Heat a skillet over medium heat and cook the sandwich until the cheese is melted and bread is toasted on both sides. 6. Serve hot and enjoy!