ALABAMA NATIONAL BANCORPORATION COMPLETES MERGER WITH FIRSTBANC.BIRMINGHAM, Ala.--(BUSINESS WIRE)--Oct. 1, 1996--Alabama National BanCorporation (Nasdaq/NM:ALAB ALAB Atomic Safety and Licensing Appeal Board ) and FIRSTBANC HOLDING COMPANY, INC inc - /ink/ increment, i.e. increase by one. Especially used by assembly programmers, as many assembly languages have an "inc" mnemonic. Antonym: dec. . today announced that the merger of FIRSTBANC with Alabama National has been completed. FIRSTBANC is the holding company for First Bank of Baldwin County Baldwin County can refer to:
First Bank is based in Robertsdale and has branches in Bay Minette and Daphne, Alabama Daphne is a city in Baldwin County, Alabama, USA on the eastern shoreline of Mobile Bay just off I-10: 11 miles east of Mobile, which it is a suburb of, 45 miles west of Pensacola, Florida and 150 miles southwest of Montgomery, the State Capital. . At June 30, 1996, First Bank had total assets of approximately $35 million, loans of $20 million, and deposits of $31 million. The acquisition of First Bank, coupled with Gulf Bank, gives Alabama National combined assets of $75 million in Baldwin county with six locations. John H. Holcomb, III, chairman and chief executive officer of Alabama National, stated, "First Bank of Baldwin County is a very successful and well-managed community bank in one of the fastest growing counties in Alabama The U.S. state of Alabama is comprised of sixty-seven counties. The oldest and newest counties in Alabama are Washington County (created June 4, 1800) and Houston County (created February 9, 1903), respectively. . The association of First Bank with Alabama National fits a mutual strategy of community banking with local decision making. We are delighted to have this fine institution join with our organization." Doug Montgomery, chairman of the board of FIRSTBANC, said, "We are excited to be associated with a holding company committed to community banking. Our relationship with Alabama National will give us the ability to provide new products and services to our customers while maintaining our local decision making and personalized per·son·al·ize tr.v. per·son·al·ized, per·son·al·iz·ing, per·son·al·iz·es 1. To take (a general remark or characterization) in a personal manner. 2. To attribute human or personal qualities to; personify. service. I am confident that our staff, stockholders and community will all benefit from the affiliation." Alabama National BanCorporation is the sixth largest bank and thrift holding company in Alabama. The Company operates currently operates 30 full-service banking locations in Alabama through eight bank and thrift subsidiaries. In addition, the Company provides a full line of services, including bond, investment, trust and brokerage services. At June 30, 1996, Alabama National had assets of $792 million. CONTACT: Alabama National BanCorporation, Birmingham Judy Lawley, 205/583-3630 Frank W. Whitehead whitehead /white·head/ (hwit´hed) 1. milium. 2. closed comedo. white·head n. 1. , 205/583-3654 |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion