BIRMINGHAM, Ala., Feb. 22 /PRNewswire-FirstCall/ -- The Board of Directors of Alabama National BanCorporation (NASDAQ:ALAB) ("ANB") today announced an increase in its quarterly cash dividend to $0.375 per share, representing a $1.50 per share annual dividend rate. This dividend represents an increase of 11.1% from the previous quarterly dividend of $0.3375 per share. The dividend is payable April 3, 2006, to stockholders of record at the close of business on March 15, 2006. "We are pleased to provide ANB stockholders with the eleventh consecutive annual dividend increase since our initial dividend in 1995," said John H. Holcomb, III, Chairman and Chief Executive Officer. ANB is a bank holding company operating 86 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., in Escambia County, Florida and Baldwin County, AL; 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. Commercial Mortgage Services including the origination of permanent commercial real estate mortgage loans for various lenders is provided by Byars and Company, a Division of First American Bank. 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. 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. 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. Alabama National BanCorporation common stock is traded on the NASDAQ National Market System under the symbol "ALAB." First Call Analyst: FCMN Contact: DATASOURCE: Alabama National BanCorporation CONTACT: John H. Holcomb, III, Chairman of the Board and Chief Executive Officer, +1-205-583-3648, or William E. Matthews, V, Executive Vice President and Chief Financial Officer, +1-205-583-3650, of Alabama National BanCorporation Web site: http://www.alabamanational.com/

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