Alabama National BanCorporation Announces Increase in Quarterly Dividend
February 22 2006 - 6:15PM
PR Newswire (US)
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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