Investment Thesis
American National Bankshares (AMNB) is a small (~$230 million market cap) community bank with 28 branch locations in 10 different markets across central Virginia and North Carolina. Despite its relatively diminutive size (~$2.5 billion in assets), AMNB has been in business for over a century - 111 years, to be exact. The bank seeks to excel in customer loyalty and relationship-based financial services, and it boasts a net promoter score of 13 to prove its effectiveness in this regard.
(The net promoter score, which ranges from -100 to 100, measures customers'