ALAB Astera Labs Inc

BIRMINGHAM, Ala., April 18 /PRNewswire-FirstCall/ -- Alabama National BanCorporation (NASDAQ:ALAB) ("ANB") announced today the declaration of a quarterly cash dividend of $0.41 per share. The dividend is payable July 3, 2007 to stockholders of record at the close of business on June 15, 2007. ANB also announced today that its directors have authorized ANB to repurchase up to 1,000,000 shares of its common stock either through open market purchases or private transactions, or both. This share repurchase program will expire December 31, 2008. Shares repurchased under the repurchase program may be used for general corporate purposes, including potential future acquisitions and re-issuance under certain stock benefit plans of ANB. The number of shares actually acquired, if any, will be subject to management discretion and will depend upon subsequent developments, market availability and other factors. The repurchase program does not obligate ANB to acquire any particular number of shares and may be suspended at any time at the company's discretion. 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. Alabama National BanCorporation common stock is traded on the NASDAQ Global Select Market 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. 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. 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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