GlobeNewswire Inc | Jul 22, 2020 11:00AM EDT

July 22, 2020

DANVILLE, Va., July 22, 2020 (GLOBE NEWSWIRE) -- American National Bankshares Inc. (NASDAQ: AMNB), parent company of American National Bank and Trust Company, announced its Board of Directors has declared a quarterly cash dividend of $0.27 per common share, payable September 18, 2020 to shareholders of record September 4, 2020.

The dividend amount is the same as the prior quarters dividend and based on the stocks closing price of $23.64 on July 21, 2020 the dividend yield is approximately 4.6%. About American NationalAmerican National is a multi-state bank holding company with total assets of approximately $2.5 billion. Headquartered in Danville, Virginia, American National is the parent company of American National Bank and Trust Company. American National Bank is a community bank serving Virginia and North Carolina with 26 banking offices. American National Bank also manages an additional $728 million of trust, investment and brokerage assets in its Trust and Investment Services Division. Additional information about American National and American National Bank is available on American Nationals website at www.amnb.com.

Contact: Jeffrey W. Farrar, Chief Operating and Financial Officer 434-773-2274 farrarj@amnb.com