Alabama National Bancorporation - Current report filing (8-K)
February 01 2008 - 12:58PM
Edgar (US Regulatory)
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange
Act of 1934
Date of Report (Date of earliest event reported): February 1, 2008
ALABAMA NATIONAL BANCORPORATION
(Exact Name of Registrant as Specified
in its Charter)
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Delaware
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0-25160
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63-1114426
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(State of Incorporation)
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(Commission File Number)
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(IRS Employer
Identification Number)
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1927 First Avenue North, Birmingham, Alabama 35203
(Address of principal executive offices, including zip code)
(205) 583-3600
(Registrants telephone number, including area code)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following
provisions:
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Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
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Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
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Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
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Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
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Item 1.01.
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Entry Into a Material Definitive Agreement.
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On
February 1, 2008, Alabama National BanCorporation (the Company) executed a Commercial Promissory Note (the Promissory Note) in favor of RBC Centura Bank that provides for loans to the Company of up to $7.5 million. The
purpose of the Company entering into the Promissory Note arrangement is to fund the redemption of the Indian River Capital Trust I Floating Rate Junior Subordinated Deferrable Interest Debentures in the principal amount of $7,217,000, which
debentures are to be redeemed on February 7, 2008. The Promissory Note bears interest at LIBOR plus 0.81% and is payable on the earlier of demand or February 1, 2010.
The foregoing description of the Promissory Note does not purport to be complete and is qualified in its entirety by reference to a copy of the
Promissory Note that is attached as Exhibit 10.1 to this Form 8-K, and is incorporated into this report by reference.
Item 2.03.
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Creation of a Direct Financial Obligation.
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The
description of the Promissory Note set forth in Item 1.01 of this Current Report on Form 8-K is incorporated herein by reference.
Item 9.01.
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Financial Statements and Exhibits.
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Exhibit Number
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Exhibit
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10.1
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Commercial Promissory Note dated February 1, 2008 in favor of RBC Centura Bank
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
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Alabama National BanCorporation
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By:
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/s/ William E. Matthews, V
William E.
Matthews, V
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Executive Vice President and
Chief Financial Officer
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Dated: February 1, 2008
INDEX TO EXHIBITS
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Exhibit Number
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Exhibit
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10.1
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Commercial Promissory Note dated February 1, 2008 in favor of RBC Centura Bank
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