Alabama National BanCorporation Announces Formation of NBC Leasing Company

Business Wire, Sept 28, 1998

BIRMINGHAM, Ala.--(BUSINESS WIRE)--Sept. 28, 1998--Alabama National BanCorporation (Nasdaq/NM:ALAB) announced the formation of NBC Leasing Company, a division of National Bank of Commerce ("NBC"). Birmingham-based National Bank of Commerce is the lead bank subsidiary of Alabama National.

NBC Leasing Company offers a full line of commercial lease and finance products to businesses in Alabama, Florida, Georgia and contiguous southeastern states. The company provides ongoing consultation and education to meet commercial clients' equipment acquisition needs.

Charles H. Morris has joined NBC as senior vice president, leasing manager of the newly formed leasing company. He received a BA degree in accounting from the University of Alabama and is a Certified Public Accountant. Morris has nine years of banking and leasing experience.

Tami M. Johnson joined NBC as senior vice president, sales and marketing manager of NBC Leasing. She has over ten years of experience in the banking and leasing industries. A Certified Cash Manager, Johnson holds a BA degree in foreign languages and international trade from Auburn University.

"We are excited to announce the formation of NBC Leasing and the valuable addition of Charles Morris and Tami Johnson as senior officers," said John H. Holcomb, III, Chairman of the Board of Alabama National BanCorporation and President of NBC. "They have earned great respect in the banking and leasing industries through their vast product knowledge and attention to superior customer service," Holcomb concluded.

Alabama National BanCorporation ("ANB") common stock is traded on the NASDAQ/National Market System under the symbol "ALAB." It is the sixth largest bank holding company headquartered in Alabama, with total assets at June 30, 1998 of $1.3 billion. NBC operates seventeen locations in Jefferson, Shelby and St. Clair Counties. The bank offers a complete line of retail, commercial, investment, trust and mortgage banking services. Brokerage services are provided to customers through NBC's wholly owned subsidiary, NBC Securities, Inc.