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Alabama National To Sell Insurance Unit

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Alabama National BanCorp. has agreed to sell its insurance agency.

The sale of ANB Insurance Services Inc. to S.S. Nesbitt & Company Inc., a subsidiary of EBSCO Industries Inc., Birmingham, Ala., should close by June 30, according to ANB, Birmingham.

ANB did not disclose terms of the agreement.

ANB is a bank holding company that operates 12 bank subsidiaries in Alabama, Florida and Georgia. Its insurance agency arm sells life and health, disability, long term care and employee benefits products.