ALAB Astera Labs Inc

Alabama National BanCorporation (NASDAQ/NMS: ALAB) ("ANB"), headquartered in Birmingham, Alabama, and Byars and Company, Inc. ("Byars"), also of Birmingham, today announced the acquisition of Byars by First American Bank, a wholly-owned subsidiary of ANB. Terms of the deal were not disclosed. Byars is a commercial mortgage banker involved in the origination of permanent commercial real estate mortgage loans for various lenders, including life insurance companies and others. The company was founded in 1986. Byars will continue to operate under the Byars name and each of its principals has agreed to remain with First American Bank post-acquisition. "We are very pleased to add Byars and Company to the Alabama National family," said John H. Holcomb, III, ANB's Chairman and Chief Executive Officer. "We have known and admired the company and its principals for years, and we are excited about our future potential together. We believe our commercial real estate borrowers will benefit by having access to a permanent loan source within our company." "We are very excited about this affiliation with Alabama National," said William G. Byars, the founder of Byars. "We look forward to becoming part of the ANB team and contributing to its future growth." ANB is a bank holding company operating 85 banking locations through ten bank subsidiaries in Alabama, Florida and Georgia. Alabama subsidiaries include: First American Bank in north central Alabama; Bank of Dadeville; and Alabama Exchange Bank in Tuskegee. Florida subsidiaries are: First Gulf Bank, N.A., headquartered in Pensacola; Community Bank of Naples, N.A.; Millennium Bank in Gainesville; Public Bank in metropolitan Orlando; CypressCoquina Bank in Ormond Beach; and Indian River National Bank in Vero Beach. ANB has one subsidiary in Georgia, Georgia State Bank in metropolitan Atlanta. ANB provides full banking services to individuals and businesses. Brokerage services are provided to customers through First American Bank's wholly owned subsidiary, NBC Securities, Inc. Investments are not bank guaranteed, not FDIC insured and may lose value. Insurance services are provided through ANB Insurance Services, Inc., a wholly owned subsidiary of First American Bank. Alabama National BanCorporation common stock is traded on the NASDAQ National Market System under the symbol "ALAB." This press release contains forward-looking statements as defined by federal securities laws. Statements contained in this press release which are not historical facts are forward-looking statements. These statements may address issues that involve significant risks, uncertainties, estimates and assumptions made by management, including the expected benefits of this acquisition. ANB undertakes no obligation to update these statements following the date of this press release. In addition, ANB, through its senior management, may make from time to time forward-looking public statements concerning the matters described herein. Such forward-looking statements are necessarily estimates reflecting the best judgment of ANB's senior management based upon current information and involve a number of risks and uncertainties. Certain factors which could affect the accuracy of such forward-looking statements are identified in the public filings made by ANB with the Securities and Exchange Commission, and forward looking statements contained in this press release or in other public statements of ANB or its senior management should be considered in light of those factors. There can be no assurance that such factors or other factors will not affect the accuracy of such forward-looking statements.