Re: Performance Share Plan Award

EXHIBIT 10.1

Form of Notice of Long-Term PSP Award under the Performance Share Plan

We are pleased to inform you that Alabama National BanCorporation (“ANB”) has granted you an award under the Alabama National BanCorporation Performance Share Plan (the “Plan”). Your award has been set at a target award amount of              shares (the “Award”). This memorandum sets forth some of the specific terms of your Award, and you should retain it for future reference. References to defined terms in the Plan are capitalized in this memorandum. The prospectus for the Plan, which attaches a copy of the Plan, is being separately delivered to you.

The Award Period applicable to this Award is the seven-year period beginning on January 1, 2007, and ending on December 31, 2013. The condition for payment of the Award is that