Alabama National BanCorporation Completes Acquisition of Florida Choice Bankshares, Inc.
April 03 2006 - 5:08PM
PR Newswire (US)
BIRMINGHAM, Ala., April 3 /PRNewswire-FirstCall/ -- Alabama
National BanCorporation (NASDAQ:ALAB) ("ANB"), headquartered in
Birmingham, Alabama, today announced the completion of its
acquisition of Florida Choice Bankshares, Inc. headquartered in Mt.
Dora, Florida. Florida Choice had assets of approximately $434
million as of February 28, 2006. Its bank subsidiary, Florida
Choice Bank, was founded in 1999, and serves its customer base
through six offices located in Mt. Dora, Orlando, Longwood, Ocala,
Clermont, and Leesburg, Florida. ANB is a bank holding company
operating 93 banking locations through eleven 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, AL; 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 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. Alabama National BanCorporation
common stock is traded on the NASDAQ National Market System 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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