Alabama National BanCorporation Announces Increase in Quarterly Dividend
February 21 2007 - 6:05PM
PR Newswire (US)
BIRMINGHAM, Ala., Feb. 21 /PRNewswire-FirstCall/ -- The Board of
Directors of Alabama National BanCorporation (ANB) (NASDAQ:ALAB)
today announced an increase in its quarterly cash dividend to $0.41
per share, representing a $1.64 per share annual dividend rate.
This dividend represents an increase of 9.3% from the previous
quarterly dividend of $0.375 per share. The dividend is payable
April 3, 2007, to stockholders of record at the close of business
on March 15, 2007. "We are pleased to provide ANB stockholders with
the twelfth 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 102
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. 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 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 Executive Officer and Chief Financial Officer,
+1-205-583-3650, both of Alabama National BanCorporation Web site:
http://www.alabamanational.com/
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