Alabama National BanCorporation Completes Acquisition of The PB Financial Services Corporation Parent of The Peachtree Bank in M
October 02 2006 - 10:40AM
PR Newswire (US)
BIRMINGHAM, Ala., Oct. 2 /PRNewswire-FirstCall/ -- Alabama National
BanCorporation (NASDAQ:ALAB) ("ANB"), headquartered in Birmingham,
Alabama, today announced the completion of its acquisition of The
PB Financial Services Corporation ("Peachtree") headquartered in
Duluth, Georgia. Peachtree had assets of approximately $558 million
as of August 31, 2006. Its bank subsidiary, The Peachtree Bank, was
founded in 1998, and serves its customer base through four offices
located in Duluth, Dunwoody, Lawrenceville and Roswell, Georgia.
ANB is a bank holding company operating 99 banking locations
through twelve bank subsidiaries in Alabama, Florida and Georgia.
Alabama subsidiaries include: First American Bank in north central
Alabama; Alabama Exchange Bank in Tuskegee; and Bank of Dadeville.
Florida subsidiaries are: Indian River National Bank in Vero Beach;
First Gulf Bank, N.A. in Escambia County, Florida and Baldwin
County, Alabama; Florida Choice Bank in Central Florida; Community
Bank of Naples, N.A.; Public Bank in metropolitan Orlando;
CypressCoquina Bank in Ormond Beach; and Millennium Bank in
Gainesville. ANB has two subsidiaries in Georgia: Georgia State
Bank and The Peachtree Bank, both 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, are 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.
Alabama National BanCorporation common stock is traded on the
Nasdaq Global Select Market under the symbol "ALAB." 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, both of Alabama National
BanCorporation Web site: http://www.alabamanational.com/
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