Alabama National BanCorporation Announces Entry into Huntsville, Alabama, Market.Business Editors BIRMINGHAM, Ala.--(BUSINESS WIRE)--May 26, 2000 Alabama National BanCorporation (Nasdaq/NM:ALAB ALAB Atomic Safety and Licensing Appeal Board ) ("ANB ANB American National Biography ANB American National Bank ANB Alaska Native Brotherhood ANB Arab National Bank ANb Agoraphobic Nosebleed (band) ANB Amarillo National Bank (Texas) ") announced today that it has signed a definitive agreement for the acquisition of two bank branches in Huntsville and Madison, Alabama Madison is a city located primarily in Madison County, Alabama with a small portion in Limestone County, Alabama, and is included in the Huntsville-Decatur Combined Statistical Area. As of the 2006 Census Bureau estimates, the population of the city is 36,824. , from Eufaula BancCorp, Inc. The branches, with approximately $70 million in total assets, will be acquired by ANB's First American Bank First American Bank is the name of numerous banks operating separately in each state of the United States. Please refer to the individual articles for more information on each bank. . Terms were not disclosed. ANB expects the transaction, which should close in early third quarter of 2000, to result in no earnings dilution in 2000. ANB is a $2.0 billion bank holding company operating 47 locations through ten bank subsidiaries in Alabama, Florida and Georgia. The lead bank subsidiary for the holding company is Birmingham-based National Bank of Commerce (NBC NBC in full National Broadcasting Co. Major U.S. commercial broadcasting company. It was formed in 1926 by RCA Corp., General Electric Co. (GE), and Westinghouse and was the first U.S. company to operate a broadcast network. ). Other Alabama subsidiaries include: First American Bank in Decatur; First Citizens Bank, N.A. in Talladega; Bank of Dadeville; Alabama Exchange Bank in Tuskegee and First Gulf Bank in Baldwin County Baldwin County can refer to:
A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. , NBC Securities, Inc. Investments are not bank guaranteed, not FDIC FDIC See: Federal Deposit Insurance Corporation FDIC See Federal Deposit Insurance Corporation (FDIC). insured and may lose value. Insurance services are provided through Rankin Insurance, Inc., a wholly owned subsidiary of First American Bank. ANB common stock is traded on the NASDAQ/National Market System under the symbol "ALAB." Statements contained in this press release which are not historical facts, including, without limitation, the statement in the first paragraph of this press release regarding no earnings dilution, are forward-looking statements. 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. |
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