American National Bankshares Inc

NASDAQ AMNB

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American National Bankshares Inc Payables Turnover 1 year YoY Change (%) for the year ending September 20, 2024

American National Bankshares Inc Payables Turnover 1 year YoY Change (%) is NA for the year ending September 20, 2024. Payables turnover measures the efficiency with which a company manages its accounts payable. It is calculated by dividing the cost of revenue by the accounts payable. This ratio indicates how quickly a company pays off its obligations to suppliers and vendors. A higher turnover suggests that the company is efficiently managing its accounts payable, while a lower ratio may indicate a slower payment process or potential liquidity issues. The measure "Change (%)" refers to the percentage change in the value of a financial metric between two time points. This measure provides a relative perspective on the magnitude of change.

NASDAQ: AMNB

American National Bankshares Inc

CEO	Mr. Jeffrey Vernon Haley
IPO Date	April 13, 1999
Location	United States
Headquarters	628 Main Street, Danville, VA, United States, 24541
Employees	334
Sector	Financial Services
Industry	Banks - regional

Description

As of April 1, 2024, American National Bankshares Inc. was acquired by Atlantic Union Bankshares Corporation. American National Bankshares Inc. operates as the bank holding company for American National Bank and Trust Company that engages in the provision of financial products and services. The company operates through two segments: Community Banking and Wealth Management. It accepts deposit products, including checking, money market, savings, and consumer and commercial time deposits. The company's loan products comprise commercial and residential real estate loans, commercial loans to small and medium-sized businesses, construction and land development loans, and home equity loans, as well as mortgage and consumer loans; and provides online and telephone banking, automated teller machine, and insurance services. It also offers wealth management services, including estate planning, trust account administration, and retail brokerage services; and investment management services, such as purchasing equity, fixed income, and mutual fund investments for customer accounts. The company was founded in 1909 and is based in Danville, Virginia.

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