Date:	May 19, 2020
Contact:	Jeffrey W. Farrar, Chief Operating and Financial Officer
	434-773-2274
	farrarj@amnb.com
Traded:	Nasdaq Global Select Market	Symbol:	AMNB

AMERICAN NATIONAL BANKSHARES Inc. DECLARES Quarterly Dividend

Danville, VA – 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 June 19, 2020 to shareholders of record June 5, 2020.

The dividend amount is the same as the prior quarter’s dividend and is a $.02 per share or 8% increase from the prior year’s quarterly dividend level. Based on the stock’s closing price of $24.73 on May 18, 2020 the dividend yield is approximately 4.4%.

About American National

American 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 National’s website at www.amnb.com.