American National Bankshares Inc. operates as the holding company for American National Bank and Trust Company that provides a range of financial products and services. The operations of the company are conducted at 25 banking offices and 2 loan production offices in Roanoke, Virginia and Raleigh, North Carolina. The company’s financial products and services include commercial, mortgage, and consumer banking; trust and investment services; and insurance. Services are also provided through 31 automated teller machines, ‘Online Banking’, and ‘Telephone Banking’. The company's new market areas are Alamance County and Guilford County, North Carolina. Loans The company’s loan portfolio consists primarily of commercial and residential real estate loans, commercial loans to small and medium-sized businesses, construction and land development loans, and home equity loans. Investment Securities As of December 31, 2013, the company’s investment securities included federal agencies and government sponsored entities, mortgage-backed and CMOs, state and municipal securities, corporate securities, and equity securities. Deposits The company's deposits consist primarily of checking, money market, savings, and consumer time deposits. Supervision and Regulation The company is qualified as a bank holding company within the meaning of the Bank Holding Company Act of 1956, as amended, and is registered as such with the Board of Governors of the Federal Reserve System (the ‘FRB’). The company is subject to supervision, regulation, and examination by the FRB and is required to file various reports and additional information with the FRB. The company is also registered under the bank holding company laws of Virginia and is subject to supervision, regulation, and examination by the Virginia State Corporation Commission. The bank is a federally chartered national bank and is a member of the Federal Reserve System. It is subject to federal regulation by the Office of the Comptroller of the Currency, the FRB, and the Federal Deposit Insurance Corporation. The deposits of the bank are insured up to applicable limits by the Deposit Insurance Fund of the Federal Deposit Insurance Corporation and are subject to deposit insurance assessments to maintain the Deposit Insurance Fund. Pursuant to Sections 23A and 23B of the Federal Reserve Act and Regulation W, the authority of the bank to engage in transactions with related parties or ‘affiliates’ or to make loans to insiders is limited. Section 22(g) of the Federal Reserve Act identifies limited circumstances in which the bank is permitted to extend credit to executive officers. In connection with its lending activities, the company is subject to various federal laws designed to protect borrowers and promote lending to various sectors of the economy and population. These include the Equal Credit Opportunity Act, the Truth-in-Lending Act, the Home Mortgage Disclosure Act, the Real Estate Settlement Procedures Act, and the Community Reinvestment Act of 1977. The company is subject to the Bank Secrecy Act and other anti-money laundering laws and regulations, including the USA Patriot Act of 2001. History American National Bankshares Inc. was founded in 1909.
amer natl bnkshs/danville va
628 Main Street
Danville, VA 24541
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