EUFAULA BANCORP INC
8-K, EX-99.1, 2000-08-10
STATE COMMERCIAL BANKS
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                                                                    EXHIBIT 99.1
EUFAULA BANCCORP, INC.
224 East Broad Street
Eufaula, AL  36027
334-687-3581

PRESS RELEASE
FOR IMMEDIATE RELEASE


August 9, 2000

     EUFAULA, AL. - Greg Faison, President and CEO of Eufaula BancCorp, Inc.
today announced the completion of the sale of Southern Bank of Commerce's branch
in Huntsville, Alabama, to First American Bank of Decatur a subsidiary of
Alabama National BanCorporation in Birmingham. "We have enjoyed our association
with all of the people in Huntsville. We feel that the Huntsville area offers
tremendous expansion opportunities and we wish First American the best of luck
in the future." Faison further stated "We now look forward to the expansion of
our Montgomery market as well as the Florida panhandle market served by our
affiliate First American Bank of Walton County. In addition, there are other
markets in Alabama, Florida and possibly Georgia that we would like to explore."

     Eufaula BancCorp operates two banks, Southern Bank of Commerce
headquartered in Eufaula, Alabama, with additional locations in Montgomery,
Alabama, and First American Bank of Walton County, headquartered in Santa Rosa
Beach, Florida, with locations in Grayton Beach, Freeport and Panama City,
Florida.

     The common stock of the company is traded on the NASDAQ Small Cap Market
under the symbol "EUFA".

     The Company's release contains statements that constitute "forward looking
statements" within the meaning of Section 27A of the Securities Act of 1933, as
amended, and Section 21E of the Securities Exchange Act of 1934, as amended.
The words "believe", "estimate", "intend", "anticipate" and similar expressions
and variations thereof identify certain of such forward-looking statements,
which speak only as of the dates which they were made.  The Company undertakes
no obligation to publicly update or revise any forward-looking statements,
whether as a result of new information, future events, or otherwise,  Readers
are cautioned that any such forward-looking statements are not guarantees of
future performance and involve risks and uncertainties, and that actual results
may differ materially from those indicated in the forward-looking statements as
a result of various factors.  Readers are cautioned not to place undue reliance
on these forward-looking statements.

     For more information contact:
     CONTACT:  Eufaula BancCorp, Inc.
     John E. Burns, CFO   334-687-3581
     [email protected]
     -------------------



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