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                                                                      EXHIBIT 10

                      NATIONAL BANK OF COMMERCE BUILDING
                   AMENDED, RESTATED AND CONSOLIDATING LEASE
                   -----------------------------------------


     THIS AMENDED, RESTATED AND CONSOLIDATING LEASE ("this Lease") is entered
into as of June 1, 2000 by WOODWARD PROPERTIES, LLP, a limited liability
partnership whose present address is P.O. Box 43327, Birmingham, Alabama 35243
("Lessor"), and NATIONAL BANK OF COMMERCE OF BIRMINGHAM, a national banking
association whose present address is P.O. Box 10686, Birmingham, Alabama 35202
("Lessee").

                                   Recitals
                                   --------

     A.  Lessor and Lessee have entered into the following leases and/or
agreements relating to space in the Building described below (the "Original
Leases"):

        (i)  Lease dated December 17, 1984, relating to space on the Basement,
     First, Second and Third Floors, as amended by that certain First Amendment
     thereto dated August 25, 1993, and as further amended by that certain
     Second Amendment thereto dated June 21, 1995;

        (ii) Lease dated as of December 17, 1984, beginning July 1, 1985
     relating to space on the Fourth Floor, as amended by that certain First
     Amendment thereto dated August 25, 1993, and as further amended by that
     certain Second Amendment thereto dated June 21, 1995;

        (iii)Lease dated July 1, 1995, relating to space on the Eighth Floor;
     and

        (iv) That certain Letter Agreement dated April 2, 1999 relating to
     space on the Sixth Floor.

     B.  Lessee has requested Lessor, and Lessor has agreed, to make certain
modifications to the Original Leases and to permit Lessee to lease certain space
located on the Seventh Floor of the Building, and, in connection therewith,
Lessor and Lessee have agreed to amend, restate and consolidate the Leases in
their entirety, as more particularly set forth herein.

                                   Agreement
                                   ---------

     NOW, THEREFORE, in consideration of the premises, Lessor and Lessee hereby
agree to amend and restate the Original Leases in their entirety as follows:

     1.  Demise.  Lessor, upon the terms and conditions hereinafter expressed,
         ------
hereby leases to Lessee the following described space (the "Premises") in the
National Bank of Commerce
<PAGE>

Building situated on the south side of First Avenue North, between 19th and 20th
Streets in the City of Birmingham, Alabama (the "Building"), which Premises
shall consist of a total of 70,565 rentable square feet:

         All rentable space on the Basement, First, Second, Third, Fourth,
         Sixth, Seventh and Eighth floors of the Building.

     2.  Term.  This Lease shall be for a term of 240 months (the "Term"),
         ----
beginning June 1, 2000 ("Commencement Date") and ending May 31, 2020.

     3.  Use.  The Premises are leased for use and occupancy by Lessee for the
         ---
following and no other use or purpose:

         Commercial Bank.

     Lessor makes no representation or warranty that the Premises are suitable
for the use or uses for which the same are leased.

     4.  Rent; CPI Adjustment; Triple Net Lease.
         --------------------------------------

     (a) During the term of this Lease, Lessee agrees to pay to the Lessor
monthly in advance on the first day of each calendar month, rent composed of (i)
base rent (the "Base Rent") in an amount equal to one-twelfth of the amount
determined by multiplying the applicable base rental rate calculated under this
Paragraph 4(a) (the "Base Rental Rate") times the number of rentable square feet
in the Premises specified in Paragraph 1 above, and (ii) an Operating Cost
Allowance (as defined in Paragraph 4(b)), which shall initially be $5.25 per
square foot, subject to adjustment as set forth in Paragraph 4(b).  Lessee shall
pay said rent, and all other sums of money as shall become due from and payable
by Lessee to Lessor hereunder as and when the same shall become due and payable,
without demand therefor and without any abatement, deduction (except as
specifically set forth in this Lease) or set off whatsoever, at CRM, 2213 Morris
Avenue, Suite 200, Birmingham, Alabama 35203, or at such other address as Lessor
may from time to time direct by written notice to Lessee.  The applicable Base
Rental Rate shall be determined as follows:

             (1)  From the date of this Lease until May 31, 2005, the Base
         Rental Rate shall be $9.75 per square foot per annum.

             (2)  Commencing on June 1, 2005, and on June 1 of each five-year
         anniversary date thereafter, the Base Rental Rate shall be subject to
         adjustment in accordance with changes in the Consumer Price Index
         ("CPI") as published by the Bureau of Labor Statistics for All Urban
         Consumers (CPI-U), 1982-84 = 100. The Base Rental Rate payable for each
         five-year period from June 1 through May 31 in the fifth year
         thereafter (a "Rental Period"), commencing June 1, 2000, shall be an
         amount equal to the initial Base Rental Rate of $9.75 per square foot,

                                      -2-
<PAGE>

         multiplied by a fraction, the denominator of which shall be the CPI for
         May, 2000 and the numerator of which shall be the CPI for May of the
         calendar year in which the Rental Period commences.

             (3)  It is the intention of the parties that the determination of
         the Base Rental Rate shall not be distorted by any changes in the
         method by which the CPI is determined or the form in which the CPI is
         presented, including but not limited to, changes in the reference year
         on which the CPI is based or changes in the components of the CPI.
         Accordingly, if the method by which the CPI is determined or the form
         in which the CPI is presented is hereafter changed, the index used in
         the numerator of the fraction described above shall be adjusted so that
         such index is determined and presented on the same basis as the CPI
         used in the denominator of such fraction. To the extent possible, such
         adjustment shall be based on any adjustment factor published by the
         U.S. Department of Labor or any successor governmental agency. If for
         any reason the index used in the numerator of such fraction cannot be
         determined on the same basis as the CPI used in the denominator of such
         fraction, or if the CPI is not hereafter published, the Base Rental
         Rate shall be determined by reference to the index of consumer prices
         then published by the U.S. Government, or an agency thereof, that most
         nearly resembles the CPI as in effect for May, 2000.

             (4)  Lessor shall determine the adjusted Base Rental Rate payable
         for each Rental Period, commencing June 1, 2000, and shall give Lessee
         notice of any adjustment in the Base Rental Rate payable for such
         Rental Period not less than thirty (30) days' prior to the first day of
         such Rental Period. Such notice shall include the calculations on which
         the adjustment in the Base Rental Rate was based. Commencing the first
         day of the Rental Period, Lessee shall make payments of Base Rent based
         on the revised Base Rental Rate until notified by Lessor of a new
         revised Base Rental Rate as set forth above. Lessor's failure to notify
         Lessee prior to the commencement of a Rental Period of an adjustment in
         the Base Rental Rate applicable to such Rental Period shall not release
         Lessee from paying, nor diminish Lessee's obligation to pay, Base Rent
         for the Rental Period at the adjusted Base Rental Rate, within a
         reasonable period of time after Lessee receives notice of the adjusted
         rate, effective for the entire Rental Period.

     (b) The monthly rental rate set out in Paragraph 4(a) above shall be
subject to adjustment as follows (provided, that no adjustment shall be made
that would result in lower rental rate than that set out in Paragraph 4(a) above
(except as set forth in Paragraph 4(b)(3) below):

         (1)  As used in this Paragraph 4(b):

                 (i)  "Operating Costs Allowance" shall mean $5.25 per rentable
                       -------------------------
              square foot of the Building per Operating Year.

                                      -3-
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                 (ii) "Operating Costs" means the actual cost to Lessor for any
                       ---------------
              Operating Year for operating expenses of the Building, which shall
              include, but not necessarily be limited to, the items as listed in
              ANNEX A, attached hereto and by reference herein made becomes
              -------
              a part of this Lease.

                 (iii)"Operating Year" shall mean a 12-month period beginning
                       --------------
              on January 1 in each year and ending on December 31 in that year.

         (2)  The following rent adjustments shall be made at the end of the
         Operating Year that ends December 31, 2000, and at the end of each
         succeeding Operating Year for the remainder of the term of this Lease.

                 (i)  If the Operating Costs for any Operating Year are more
              than the Operating Costs Allowance, Lessee shall pay to Lessor
              within 15 days after receipt of written notice thereof from
              Lessor, as a retroactive adjustment of the monthly rent on this
              Lease for each month (or any part of a month) that this Lease was
              in effect during such Operating Year, an amount equal to one-
              twelfth (1/12) of the amount by which the actual Operating Costs
              for such Operating Year exceeded the sum of the Operating Costs
              Allowance and any estimated excess Operating Costs paid by Lessee
              for such Operating Year under Paragraph 4(b)(2)(ii) below, divided
              by the rentable square feet in the Building, multiplied by the
              number of rentable square feet in the Premises.

                 (ii) If the Operating Costs for any Operating Year are more
              than the Operating Costs Allowance, in order to cover the
              estimated excess Operating Costs for the next succeeding Operating
              Year, the monthly rent to be paid by Lessee on the first day of
              each month during such Operating Year shall be increased by an
              amount equal to one-twelfth (1/12) of the amount by which the
              Operating Costs exceeded the Operating Costs Allowance in the
              previous Operating Year, divided by the rentable square feet in
              the Building, multiplied by the number of rentable square feet in
              the Premises. However, if the actual Operating Costs, as
              determined at the end of that Operating Year, should be less than
              the estimated excess Operating Costs included in the monthly
              rental for that year, the excess Operating Costs paid during such
              year shall be credited toward the rent for the next succeeding
              Operating Year.

                 (iii)For purposes of this Paragraph 4(b) it is agreed that the
              number of rentable square feet in the Premises on the date of this
              Lease is 70,565 and the total number of rentable square feet in
              the Building is 91,643.

                                      -4-
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     5.  Possession.  Lessor and Lessee hereby acknowledge that, as of the date
         ----------
of this Lease, Lessee is in possession of the Premises, and Lessee accepts the
Premises "as-is".

     6.  Alterations.  Lessee shall make no alterations, additions,
         -----------
installations, substitutions, improvements or decorations in or to the Premises
without the express prior written consent of Lessor.  All fixtures, equipment,
improvements and appurtenances attached to or built into the Premises at the
commencement of or during the term of this Lease, whether or not in whole or in
part by or at the expense of Lessee, shall be and remain a part of the Premises,
shall be deemed the property of Lessor and shall not be removed by Lessee,
except as may be expressly otherwise provided in this Lease.

     7.  Repairs and Maintenance.
         -----------------------

     (a) Lessee shall at all times during the Term at its own cost and expense
repair, maintain, keep and make replacements to the Premises, and all equipment,
fixtures and mechanical systems within or necessarily incidental to the Premises
and the Building, and any other improvement now or hereafter made to the
Premises and the Building in good order and repair, as a careful owner would do,
and Lessee covenants to perform such maintenance, to effect such repairs and
replacements at its own cost and expense as and when necessary or reasonably
required so to do by Lessor (provided, however, Lessee shall not be required to
                             --------  -------
make any capital repairs or improvements that relate exclusively to space
located on the fifth (5th) and ninth (9th) floors of the Buidling).

     (b) Lessee shall keep and maintain the Premises and the Building in first
class order, condition and repair throughout the term of this Lease, as same may
be renewed, including, without limitation, the roof, ceiling, walls, floor and
foundation of the Building, and all trade fixtures and other fixtures and
equipment contained therein (including, but not limited to, all elevators
located in the Building), the exterior and interior portions of all doors,
windows, glass, plate glass, store fronts, locks, hardware, signs, or any
casing, frames or caulking which support or surround same, any damages caused by
wood-destroying organisms, and all plumbing, sewage, sprinkler, electrical,
wiring, heating, ventilating and air conditioning equipment and systems.  Any
and all such repairs shall be performed at Lessee's sole expense with materials
and labor of such kind and quality equal or superior to the original work.
Lessee shall permit no waste, damage or injury to the Premises or the Building
or any part or system thereof.  Lessee's obligation under this Paragraph 7(b)
shall include the obligation to repair all structural and non-structural items,
exterior and interior items, including, without limitation, the sidewalks,
driveways, parking areas and parking lots, and all landscaped areas, lawns,
grounds and streets in front of or appurtenant to same (provided, however,
                                                        --------  -------
Lessee shall not be required to make any capital repairs or improvements that
relate exclusively to space located on the fifth (5th) and ninth (9th) floors of
the Buidling).  Lessee shall not violate, nor permit Lessor or the Premises to
be in violation of, any Laws, and Lessee shall pay any and all costs and
expenses incident to such compliance, and perform all repairs related thereto,
and Lessee shall and does hereby indemnify and hold harmless Lessor from and
against any and all costs, expenses, claims and damages by reason of any
violations of any Laws affecting or imposed upon the Premises or any portion

                                      -5-
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thereof, whether or not same relate to or be for a period prior to the
Commencement Date of this Lease, or relate to or involve any extraordinary or
ordinary, or structural or non-structural, change and irrespective of whether
such Laws or Repairs be of a kind that might be deemed to be within the
contemplation of the parties hereto.  In the event Lessee fails to so make such
Repairs, as required hereunder, Lessor may do so, during the term hereby granted
as same may be renewed, or after the expiration thereof, and all costs and
expenses consequent or in any way related thereto, shall be promptly repaid by
Lessee to Lessor as additional rent hereunder.

     (c) Lessee shall at all times keep the Premises and the Building in neat,
clean and sanitary condition and will not allow any refuse or garbage, or
cartons or like material resulting from deliveries, or loose or waste material
to accumulate in or about the Premises or the Building.  All trash, rubbish,
waste material and other garbage must be disposed of by Lessee on a regular
basis, at Lessee's sole expense.  In the event Lessee fails to clean in
accordance with this Paragraph 7 upon written notice from Lessor so to do,
Lessor may clean the same and the cost thereof will be paid by Lessee to Lessor
upon demand as additional rent.

     (d) Before commencing any material repairs, replacements, maintenance,
alteration, decoration or improvements set out above, or elsewhere referred to
in this Lease, Lessee shall obtain Lessor's written approval, which approval
shall not be unreasonably withheld or denied, and will, if required by Lessor to
do so, submit plans and specifications therefor.  Any repairs, replacements,
maintenance, alterations, decorations or improvements so done by Lessee must be
carried out in a good and workmanlike manner.

     (e) If Lessee refuses or neglects to repair properly as required hereunder
and to the reasonable satisfaction of Lessor, Lessor may make such repairs
without liability to Lessee for any loss or damage that may accrue to Lessee's
merchandise, fixtures or other property or to Lessee's business by reason
thereof, and upon completion thereof, Lessee shall pay Lessor's actual
reasonable costs in the circumstances for making such repairs, immediately upon
presentation of a bill therefor.

     (f) Lessee waives the provisions of any applicable law or regulation that
would require Lessor to maintain the Premises in a tenantable condition or would
provide Lessee with the right to make repairs and deduct the cost of those
repairs from the rent.

     8.  Compliance with Laws.  Lessee, at its expense, shall comply with all
         --------------------
laws, orders and regulations of federal, state, county and local authorities
(collectively, "Laws"), and with any direction of any public officer or
officers, pursuant to law, which shall impose any violation, order or duty upon
Lessor or Lessee with respect to the Premises, or the use or occupation thereof,
provided such violation, order or duty arises from or results from Lessee's
failure to comply with Lessee's covenants or agreements in this Lease or from
Lessee's negligence or from the use of the Premises in a manner contrary to the
purposes for which the same are leased to Lessee.

                                      -6-
<PAGE>

     9.  Lessee's Property.
         -----------------

     (a) All business and trade fixtures, machinery and equipment,
communications equipment and office equipment, installed in the Premises by
Lessee without expense to Lessor, and all furniture, furnishings and other
articles of movable personal property owned by Lessee and located in the
Premises, shall be and shall remain the property of Lessee and may be removed by
Lessee at any time during the term of this Lease; provided (i) that Lessee shall
repair or pay the cost of repairing any damage to the Premises or to the
Building resulting from such removal, (ii) that Lessee is not in default under
the terms of this Lease, and (iii) that the provisions of this Paragraph 9(a)
shall be subject to the provisions of Paragraph 23 below.

     (b)  Any items of Lessee's property (except money, securities and other
like valuables) which shall remain in the Premises after the date fixed for
termination of this Lease or after a period of ten days following an earlier
termination date, may, at the option of Lessor, be deemed to have been
abandoned, and in such case either may be retained by Lessor as its property or
may at Lessee's expense be disposed of, without accountability, in such manner
as Lessor may see fit.

     10.  Insurance.
          ---------

     (a)  Lessor shall, during the whole of the Term and during such other time
as Lessee occupies the Premises, take out and maintain the following insurance
at Lessor's sole expense (subject to reimbursement as an Operating Expense as
set forth in Paragraph 4(b) above), in such form and with such companies, in
such amounts, and with such deductibles, as Lessee may approve in its reasonable
discretion:

          (i) covering the Building and other improvements that are a part of
     the Premises, a policy of standard fire and extended coverage insurance,
     with vandalism and malicious mischief endorsements, with liability limits
     of not less than Thirteen Million Dollars ($13,000,000) with guaranteed
     full replacement value;

          (ii) comprehensive general liability including non-owned automobile
     liability insurance against claims for bodily injury, including death and
     property damage or loss arising out of the use or occupation of the
     Building and the Premises, or Lessee's business on or about the Premises;
     such insurance must be in the joint name of Lessee and Lessor so as to
     indemnify and protect both Lessee and Lessor and must contain a "cross
     liability" or "severability of interests" clause so that Lessor and Lessee
     may be insured in the same manner and to the same extent as if individual
     policies had been issued to each, and must be for the amount of not less
     than One Million Dollars ($1,000,000) combined single limit or such other
     amount as may be reasonably required by Lessor from time to time, and such
     comprehensive general liability insurance must, for Lessee's benefit only,
     include contractual liability insurance in a form and of a nature broad
     enough to insure the obligations imposed upon Lessee under the terms of
     this Lease; and

                                      -7-
<PAGE>

     (b) Lessee shall, during the whole of the Term and during such other time
as Lessee occupies the Premises, take out and maintain, at Lessee's sole
expense, in such form and with such companies, in such amounts, and with such
deductibles, as Lessor may approve in its reasonable discretion, all-risk
insurance upon its furniture, fixtures and improvements and upon all other
property in the Premises owned by Lessee or for which Lessee is legally liable,
including business interruption and insurance upon all glass and plate glass in
the Premises against breakage and damage from any cause, all in an amount equal
to the full replacement value thereof.

     (c) If any insurance policy upon the Premises, or any part thereof, is
canceled or is threatened by the insurer to be canceled, or the coverage
thereunder reduced in any way by the insurer by reason of the use and occupation
of the Premises or any part thereof by Lessee or by any assignee or subtenant of
Lessee, or by anyone permitted by Lessee to be upon the Premises, and if Lessee
fails to remedy the condition giving rise to cancellation or reduction of
coverage within forty-eight (48) hours after notice thereof by Lessor, Lessor
may remedy the condition giving rise to such cancellation, threatened
cancellation or reduction, and Lessee will immediately pay the cost thereof to
Lessor which cost may be collected by Lessor as additional rent.

     11.  Destruction or Damage.
          ---------------------

     (a)  In case of damage to or destruction of the Premises or the Building by
fire or other casualty, Lessee shall give immediate notice thereof to Lessor,
and Lessor shall, if Lessor elects to repair, cause the damage to be repaired
with reasonable dispatch at the expense of Lessor, due allowance being made for
any delay which may arise by reason of adjustment of loss under insurance
policies on the part of either Lessor or Lessee or by reason of any other cause
beyond Lessor's control.  If Lessor shall elect not to repair, this Lease, at
the option of Lessor, may be terminated upon written notice to Lessee of
Lessor's decision to terminate.  Unless repairs are commenced by Lessor within
sixty days from the date of any such destruction or damage, Lessee may cancel
this Lease by giving notice thereof to Lessor promptly upon the expiration of
said sixty day period.

     (b)  Provided Lessor's right of full recovery under its insurance policies
is not prejudiced, Lessor hereby waives any and all right of recovery which it
might otherwise have against Lessee, Lessee's servants, agents, employees and
invitees, for loss or damage occurring to the Building and the fixtures,
appurtenances and equipment therein, to the extent the same is covered by
Lessor's insurance, notwithstanding that such loss or damage may result from the
negligence or fault of Lessee, Lessee's servants, agents, employees or invitees.
Provided that Lessee's right of full recovery under Lessee's insurance policies
is not prejudiced, Lessee hereby waives any and all right of recovery which
Lessee might otherwise have against Lessor, its servants, agents, employees or
invitees and against every other tenant in the Building who shall have executed
a similar waiver, for loss or damage to Lessee's furniture, furnishings,
fixtures and other property, to the extent that same is covered by Lessee's
insurance, notwithstanding that such loss or damage may result from the
negligence or fault of Lessor, its servants, agents, employees or invitees, or
such other tenant.

                                      -8-
<PAGE>

     (c) The rent shall, to the extent the Premises have been rendered
untenantable, be proportionately abated from the date of any fire or casualty
not caused by the fault or negligence of Lessee, Lessee's servants, agents,
employees or invitees, until the Premises are repaired, and shall be adjusted as
of the date of the fire or casualty in the event this Lease is terminated
pursuant to Paragraph 11(a) hereof.

     12.  Taxes and Assessments.  Lessor shall pay (subject to reimbursement as
          ---------------------
an Operating Expense as set forth in Paragraph 4(b) above) to the appropriate
public authorities, on or before the last day on which payment may be made
without penalty or interest, all taxes, assessments, permit, inspection, and
license fees, and other public charges of whatever nature that are assessed
against the Premises and the Building or arise because of the occupancy, use or
possession of the Premises (including but not limited to taxes on, or which
shall be measured by, any rents or rental income), subsequent to the
commencement of the Term, and all installments of assessments that are due
during the Term.

     13.  Services.  Subject to reimbursement under Paragraph 4(b) hereof,
          --------
Lessor will, so long as Lessee is not in default under any of the provisions of
this Lease, at the proper seasons and during reasonable hours, furnish the
following:

     (a)  Heating and air conditioning service.

     (b)  Continuous passenger elevator service.
     (c)  General cleaning and janitor services, but not including cleaning of
drapes and furniture, except for normal vacuuming and dusting.

     (d)  Electric current for lighting and operation of normal office equipment
and replacement of fluorescent tubes and incandescent bulbs in Building standard
lighting fixtures.

     (e)  Water, gas, telephone and other utilities used or consumed in the
Premises

     (f)  Cold drinking water in the corridor on each floor of the Building.

     (g)  Men's and women's restrooms on each floor and toilet supplies and hot
and cold water therefor.

     Lessee shall be responsible for the cost of power or additional air
conditioning required for special equipment that may be installed by Lessee or
because of unusually large number of personnel in the Premises.  Such cost shall
be determined by separate meter, by agreement based on load factors or by such
other methods as may be agreed upon by Lessor and Lessee.

     14.  Eminent Domain.  If the whole or any part of the Premises or of the
          --------------
Building (except any part of the Building the taking of which would not
interfere with maintenance or operation of the Building) shall be taken by
federal, state, county, municipal or other authority

                                      -9-
<PAGE>

for public use or under any statute, or by right of eminent domain, Lessor shall
have the right, at its option to be exercised by written notice to Lessee, to
terminate this Lease; upon the exercise by Lessor of such right of termination
all rights of Lessee hereunder shall immediately cease and terminate, as of the
date of such taking, and Lessee shall not be entitled to any part of the award
that may be made for such taking nor to any damages therefor, except that the
rent shall be adjusted as of the date of such termination.

     15.  Lessee Shall Discharge All Liens.  Lessee shall have no authority to
          --------------------------------
allow any liens of any kind to be placed upon the Premises.  Lessee shall
promptly pay all its contractors and materialmen and shall do any and all things
necessary so as to prevent any liens attaching to the Premises.  Should any such
lien be made or filed, Lessee shall discharge the same within ten (10) days
thereafter at Lessee's expense and shall indemnify and hold harmless Lessor
therefrom.  Lessor may require, at Lessor's sole option, that Lessee provide to
Lessor, at Lessee's sole cost and expense, a lien and completion bond acceptable
to Lessor in an amount equal to at least one and one-half (1 1/2) times the
estimated costs of any improvements, additions or alterations in the Premises
which Lessee desires to make, to ensure Lessor against any liability for
mechanics' and materialmen's liens and to ensure completion of the work.

     16.  Personal Property Taxes.  Lessee shall promptly pay all personal
          -----------------------
property taxes and other taxes levied against Lessee's trade fixtures, fixtures,
inventory, equipment, supplies and merchandise upon the Premises and against
Lessee's business.  When possible, Lessee shall cause such trade fixtures,
fixtures, inventory, equipment, supplies and merchandise and all other personal
property to be assessed and billed separately from the real property of Lessor.

     17.  Assignment, Subletting, etc.
          ----------------------------

     (a)  Lessee shall not without the express prior written consent of Lessor
assign, mortgage or otherwise encumber or transfer this Lease or sublease, or
permit any other person to use or occupy, all or any part of the Premises.  The
consent by Lessor to any assignment, mortgage, encumbrance, other transfer,
sublease or use or occupancy by others shall not relieve Lessee of the necessity
of obtaining the express prior written consent of Lessor to any other or further
assignment, mortgage, encumbrance, transfer, sublease, or use or occupancy by
others.  No assignment, mortgage, encumbrance, other transfer, sublease or use
of occupancy by others, with or without consent of Lessor, shall release Lessee
from Lessee's primary liability for performance of all of Lessee's obligations
and agreements under this Lease.

     (b)  If this Lease is assigned or otherwise transferred, whether or not in
violation of the provisions of this Lease, Lessor may collect rent from the
assignee or other transferee.  If the Premises or any part thereof be sublet or
used or occupied by anyone other than Lessee, whether or not in violation of the
provisions of this Lease, Lessor may, after default by Lessee and expiration of
Lessee's time to cure such default, collect rent from the subtenant or occupant.
In either event, Lessor may apply the net amount collected to the rents herein
reserved, but no such collection shall be deemed a waiver of any of the
provisions of Paragraph 17(a) hereof, or the acceptance by Lessor of the
assignee, other transferee, subtenant or occupant as Lessee, or a

                                      -10-
<PAGE>

release of Lessee from the further performance by Lessee of Lessee's obligations
under this Lease.

     18.  Access and Changes.
          ------------------

     (a)  Lessor may enter the Premises at reasonable hours (or at any time in
the event of an emergency) to make repairs to the Premises or to any adjoining
space, to inspect, maintain and clean the Premises, and to exhibit the Premises
to prospective Lessees, purchasers or mortgagees.

     (b)  Lessor may erect, use and maintain pipes, ducts and conduits in and
through the Premises, provided the same are installed adjacent to or concealed
behind walls and ceilings of the Premises and are installed at such times, by
such methods and at such locations as will not materially interfere with or
impair Lessee's use of the Premises or damage the appearance thereof.

     (c)  Lessor reserves the right to make, at any time without incurring any
liability to Lessee therefor, such other changes in or to the Building and the
fixtures and equipment thereof, as well as in or to the street entrances, halls,
passages, elevators, escalators and stairways thereof, as it may deem necessary
or desirable.

     (d)  Lessor shall be allowed to take all material into and upon the
Premises that may be required for the work, repairs or changes to be made by
Lessor as the same is required for such purpose without being deemed thereby to
have evicted Lessee in whole or in part, and the rent reserved shall in no wise
abate while said repairs or alterations are being made by reason of loss or
interruption of the business of Lessee because of the prosecution of any such
work, provided Lessor diligently proceeds therewith and exercises reasonable
diligence so as to minimize disturbance to Lessee.

     19.  Management of Building.  Lessor hereby engages Lessee as its sole and
          ----------------------
exclusive management agent for the Term of this Lease, to operate and manage the
Building, together with any and all expansions thereof and additions thereto,
and Lessee hereby accepts such engagement, all upon and subject to the terms and
provisions hereinafter set forth.  Lessee agrees to perform the following
services, and Lessor hereby authorizes Lessee, subject to the limitations set
forth herein, to take such action as may be necessary or desirable in connection
therewith, to-wit:

     (a)  Lessee shall use its best efforts to manage, operate and maintain the
Building in an efficient manner consistent with other first-class office
buildings located in the Birmingham, Alabama market.  Lessee shall act in a
fiduciary capacity with respect to the proper protection of and accounting for
the Building and the rents and other income from and proceeds of the Building.
Lessee shall deal at arm's length with all third parties, and serve Lessor's
interest at all times.

     (b)  Lessee shall collect all rents and other income from the Building
(other than the amounts due to be paid to Lessor by Lessee under this Lease)
when due, and when necessary, as directed by Lessor, Lessee shall institute any
and all legal actions or proceedings to effect such collections and to evict
delinquent Lessees; and Lessee agrees to employ reasonable efforts

                                      -11-
<PAGE>

normally used by real estate agents of office buildings located in the
Birmingham, Alabama area to attempt to collect such income, although Lessee
shall not be liable for any failure to so collect, nor for any legal or other
out-of-pocket expenses, all of which shall be paid by Lessor. Lessee shall use
its best efforts to insure compliance by Lessees with their respective lease
obligations. Lessee shall not terminate any tenant lease, or alter or waive any
material term of any tenant lease, without the express prior written approval of
Lessor.

     (c)  Subject to the provisions of Subparagraph (d) below, Lessee shall
deposit all monies received by Lessee for or on behalf of Lessor (less any sums
properly deducted by Lessee pursuant to any of the provisions of this Lease) in
a special account for the Building in a bank approved by Lessor (the "Depository
Account"), which funds shall not be mingled with funds of Lessee, any affiliate
of Lessee or any other third party.  Such Depository Account shall be used
exclusively for the purpose of depositing rents and other funds collected from
the operation of the Building.  Lessor shall have the right to approve any
changes of the depository bank and shall have access to, and the right to draw
against, the Depository Account.  Lessee's authority to draw against the
Depository Account shall be terminable at any time by Lessor without notice to
Lessee.  Lessee shall deduct from funds in the Depository Account any amounts
required to be paid by lessees under any tenant leases, relating to, among other
things, taxes, assessments, utility costs, repairs, replacement, maintenance
costs and any other Operating Expenses (as such term is defined is such tenant
leases).

     (d)  Any balance remaining in the Depository Account after payment of
expenses as herein provided shall be remitted from the Depository Account to
Lessor monthly or as otherwise required by Lessor.

     (e)  Unless and until Lessor directs Lessee to the contrary, Lessee, acting
for and on behalf of and in the name of Lessor, shall enter into and supervise
the performance of any and all contracts and agreements that Lessee may deem
necessary or desirable to provide any repairs, alterations, maintenance,
utilities and other services to or for the Building.

     (f)  Within twenty (20) days after the end of each month, Lessee shall
cause to be submitted to Lessor, at such place or places as may be designated by
Lessor, an itemized account of income and expense, together with such other
accounting and financial information and services as Lessee and Lessor may agree
upon. Lessee shall make information and data supporting such statements
available to Lessor and its authorized representatives, for examination and
copying, during normal business hours. Lessee shall maintain adequate and
separate books and records for the Building and maintain sufficient supporting
documentation therefor. All books, records, computer information and other
documents maintained by Lessee with respect to the Building shall at all times
be and remain the property of Lessor. Lessor will at all times have the right to
conduct examinations, without notification, of the books and records maintained
for Lessor by Lessee with respect to the Building, no matter where such books
and records are located. Lessor will also have the right to perform, at Lessor's
sole expense, any and all additional audit tasks relating to Lessee's activities
at the office of Lessee.

                                      -12-
<PAGE>

     (g)  Lessee shall perform other normal business functions and otherwise
operate and manage the affairs of the Building in accordance with and as limited
by this Lease.

     (h)  Lessee shall perform such other services as may be mutually agreed
from time to time by Lessor and Lessee.

     Notwithstanding the foregoing, Lessor and Lessee hereby acknowledge and
agree that (i) Lessee may delegate to a real estate management company (which
company must be mutually acceptable to Lessor and Lessee in their reasonable
discretion) the functions set forth in this Paragraph 19; provided, however, in
                                                          --------  -------
the event that Lessee does delegate such functions to another entity, Lessee
shall remain primarily responsible for the matters set forth above and Lessee
shall be liable for any and all matters arising from the actions or inactions of
such entity; and (ii) in the event that a Change in Control (as such term is
defined below) occurs with respect to either the Lessee or its parent, Alabama
National Bancorporation, a Delaware corporation, Lessor shall have the right to
terminate, upon ten (10) days' prior written notice, Lessee's rights and
obligations under this Section 19.

     For purposes of this Section 19, a "Change in Control" of an entity means
(i) any transaction, whether by merger, consolidation, asset sale, tender offer,
reverse stock split, or otherwise, which results in the acquisition or
beneficial ownership (as such term is defined under rules and regulations
promulgated under the Securities Exchange Act of 1934, as amended) by any person
or entity or any group of persons or entities acting in concert, of fifty
percent (50%) or more of the outstanding shares of Common Stock of such entity;
or (ii) the sale of all or substantially all of the assets of such entity; or
(iii) the liquidation of such entity.

     20.  Non-Liability and Indemnification.
          ---------------------------------

     (a)  Neither Lessor nor any agent or employee of Lessor shall be liable for
death of or any injury or damage to Lessee or any other person or for any damage
to, or loss (by theft or otherwise) of, any property of Lessee or of any other
person, irrespective of the cause of such death, injury, damage or loss, unless
caused by or due to the negligence of Lessor, its agents or employees without
contributory negligence on the part of Lessee or such other person.

     (b)  Lessee shall indemnify and save harmless Lessor and its agents against
and from (A) any and all claims arising from (i) the conduct or management of
the Premises or of any business therein, (ii) any work or thing whatsoever done,
or any condition created (other than by Lessor) in or about the Premises during
the term of this Lease or during the period of time, if any, prior to the
beginning of the term hereof that Lessee may have been given access to the
Premises, (iii) any negligent or otherwise wrongful act or omission of Lessee or
any of Lessee's subtenants or licensees or Lessee's or their employees, agents
or contractors, or (iv) any breach, violation or non-performance by Lessee, or
Lessee's agents, servants or employees, of any covenant or provision of this
Lease, and (B) all costs, expenses and liabilities incurred in or in connection
with each such claim or action or proceeding brought thereon.

                                      -13-
<PAGE>

     21.  Waivers.
          -------

     (a)  In the event that Lessee is in arrears in payment of rent hereunder,
Lessee waives Lessee's right, if any, to designate the items against which any
payments made by Lessee are to be credited, and Lessee agrees that Lessor may
apply any payments made by Lessee to any items Lessor sees fit, irrespective of
and notwithstanding any designation or request by Lessee as to the items against
which any such payments shall be credited.  The receipt by Lessor of rent or any
other payment, or a lesser amount of rent or such payment due hereunder, with
knowledge of breach of any obligation of this Lease shall not be deemed a waiver
of such breach.  No payment by Lessee or receipt by Lessor of rent or any
payment in a lesser amount than due hereunder shall be deemed to be other than a
payment on account, nor shall any endorsement or statement on any check or any
letter accompanying any check or payment be deemed an accord and satisfaction,
and Lessor may accept such check or payment without prejudice to Lessor's right
to recover the balance or pursue any other remedy in this Lease or by law
provided.

     (b)  The failure of either party to insist in any one or more instances up
on the strict performance of any one or more of the obligations of this Lease,
or the Rules and Regulations hereof, or to exercise any election herein
contained, shall not be construed as a waiver or relinquishment for the future
of the performance of such one or more obligations of this Lease, or the Rules
and Regulations hereof, or of the right to exercise such election, but the same
shall continue and remain in full force and effect with respect to any
subsequent breach, act or omission. No executory agreement hereafter made
between Lessor and Lessee shall be effective to change, modify, waive, release,
discharge, terminate or effect an abandonment of this Lease, in whole or in
part, unless such executory agreement is in writing, refers expressly to this
Lease and is signed by the party against whom enforcement of the change,
modification, waiver, release, discharge or termination or effectuation of
abandonment is sought.

     22.  Inability to Perform.  If, by reason of (a) strike, (b) other labor
          --------------------
troubles, (c) governmental pre-emption in connection with a national emergency,
(d) any rule, order or regulation of any governmental agency, (e) conditions of
supply or demand which are affected by war or other national, state or municipal
emergency, or (f) other cause beyond Lessor's control (whether or not similar to
any of the causes listed in (a) through (f) above), Lessor shall be unable to
fulfill its obligations under this Lease (including but not limited to delivery
of possession of the Premises and completion of Lessor's Work and Lessee's Work)
or shall be unable to supply any service which Lessor is obligated to supply,
this Lease and Lessee's obligation to pay rent hereunder shall in no wise be
affected, impaired or excused, and Lessor shall not be liable to Lessee or to
anyone else for damages for or on account of any failure of Lessor to perform
because of any such inability.

     23.  Lien.  Lessor shall have, and is hereby given and granted a lien (in
          ----
addition to the statutory lien existing in favor of Lessors) on all of Lessee's
furniture, fixtures, goods, merchandise and effects at any time on or moved into
the Premises during the term of this Lease, to secure the payment of the rent
and any and all other indebtedness which shall accrue to Lessor under the terms
of this Lease.  The lien hereby granted shall be and remain effective

                                      -14-
<PAGE>

notwithstanding the removal from the Premises of any part or all of such
property of Lessee.  Lessee hereby represents to Lessor, as an inducement to
Lessor to enter into this Lease, that all furniture, fixtures, goods,
merchandise and effects which have been or are to be moved into or used on the
Premises under this Lease belong to Lessee.

     24.  Exemptions and Attorney's Fee.  As to or against the payment of rent
          -----------------------------
and any other indebtedness which shall accrue to Lessor under the terms of this
Lease, Lessee waives all exemptions as to personal property allowed Lessee under
the constitution and laws of the State of Alabama, or any other State, and
agrees to pay all costs of collecting the same, including a reasonable
attorney's fee.  In the event of the breach by Lessee of any one or more of the
terms and conditions of this Lease, Lessor shall be and is hereby authorized to
employ attorneys to do any and all things deemed by Lessor or such attorneys
necessary to protect, conserve or promote the interests of Lessor under this
Lease, including the institution of legal proceedings against Lessee of any
nature, and including suit for damages for any such breach, and Lessee agrees in
that event to pay a reasonable attorney's fee to said attorneys for such
services, which fee shall be secured by the lien granted to Lessor in Paragraph
23 above.

     25.  Curing Lessee's Defaults.  If Lessee shall default in the performance
          ------------------------
of any of Lessee's obligations under this Lease, Lessor, without thereby waiving
such default, may (but shall not be obligated to) perform the same for the
account and at the expense of Lessee, without notice in a case of emergency, and
in any other case if such default continues after the expiration of (i) ten days
from the date Lessor gives Lessee notice of intention so to perform, or (ii) the
applicable grace period provided elsewhere in this Lease for cure of such
default, whichever occurs later.  All costs, expenses and disbursements of every
kind and nature whatsoever incurred by Lessor in connection with any such
performance by it for the account of Lessee, including any expenses incurred for
any property, material, labor or services provided, furnished or rendered, by
Lessor or at its instance to Lessee, together with any interest thereon, shall
be paid by Lessee to Lessor within ten days after Lessor's rendition of each
bill therefor to Lessee.

     26.  Events of Default.  Each of the following shall constitute an event of
          -----------------
default by Lessee:

     (a)  The failure of Lessee to pay at the time and place when and where due
any installment of rent or any other payment payable by Lessee to Lessor
pursuant to this Lease;

     (b)  The vacating (except in event of casualty) or abandonment of the
Premises by Lessee;

     (c)  The violation by Lessee of any other covenant, term or provision in
this Lease binding upon Lessee and the failure of Lessee to remedy such
violation for a period of ten days after written notice thereof by Lessor to
Lessee, or if such violation cannot be remedied within such ten day period, the
failure of Lessee to commence within such ten day period and thereafter
diligently to prosecute to completion all steps necessary to remedy such
violation;

                                      -15-
<PAGE>

     (d)  The filing of any petition by or against Lessee, or by or against any
then owner of Lessee's estate and interest in this Lease, under any provision of
the United States Bankruptcy Code or any law of like import;

     (e)  Any assignment by Lessee for the benefit of creditors;

     (f)  Any appointment of a receiver for all or any substantial part of the
assets of Lessee;

     (g)  Any levy of an execution or other legal process on the property of
Lessee or Lessee's interest in this Lease; and

     (h)  Any event whereby this Lease or the estate hereby granted or the
unexpired balance of the term hereof would, by operation of law or otherwise,
devolve upon or pass to any person, firm or corporation other than Lessee,
except as permitted in this Lease.

     27.  Remedies.
          --------

     (a)  Upon the occurrence of any event of default by Lessee, Lessor or its
agents shall have the right, without notice to Lessee, to re-enter and re-let
the Premises from time to time, as agent of Lessee, and such re-entry or re-
letting shall not discharge Lessee from any liability or obligation hereunder,
except that net rents (that is, gross rents less the expense of collecting and
handling, and less commissions) collected as a result of such re-letting shall
be a credit on Lessee's liability for rents under the terms of this Lease.
Nothing herein contained, however, shall be construed to require Lessor to re-
enter and re-let in such event; nor shall anything herein contained be construed
to postpone the right of Lessor to sue for rents, whether matured by
acceleration or otherwise, but on the contrary, Lessor is hereby given the right
to sue therefor at any time after default.

     (b)  Upon the occurrence of any event of default by Lessee, Lessor shall
also have the right, at Lessor's sole option, to terminate this Lease at any
time, by giving ten days' written notice to Lessee of Lessor's election so to
terminate.  Such termination shall be effective upon the expiration of ten days
from the date such notice is given to Lessee.  Upon such termination, Lessor
shall have the right immediately to re-enter and repossess the Premises, without
notice to anyone.  Upon such termination the rent for the entire agreed upon
term of this Lease, and all other indebtedness, if any, payable under the
provisions hereof by Lessee to Lessor, shall be and become immediately due and
payable, without notice to Lessee or anyone else, and without regard to whether
or not possession of the Premises shall have been surrendered to or taken by
Lessor, and Lessee agrees to pay the same to Lessor at once, together with
payment of all loss or damage which Lessor shall have suffered by reason of such
event of default.  Upon making such payment, Lessee shall receive from Lessor
all net rents received thereafter by Lessor from other Lessees of the Premises
during the agreed term of this Lease but not in excess, however, of the amount
paid as rent by Lessee pursuant to the preceding sentence.

                                      -16-
<PAGE>

     (c)  Suit or suits for the recovery of damages, or any installments
thereof, may be brought by Lessor from time to time at its election, and nothing
contained herein shall be deemed to require Lessor to postpone suit until the
date when the term of this Lease would have expired if it had not been
terminated under the provisions of Paragraph 27(b) hereof, or under any
provision of law, or had Lessor not re-entered the Premises. Nothing herein
contained shall be construed to limit or preclude recovery by Lessor against
Lessee of any sums or damages to which, in addition to the damages particularly
provided above, Lessor may lawfully be entitled by reason of any default
hereunder on the part of Lessee.

     (d)  The special remedies to which Lessor may resort hereunder are
cumulative and are not intended to be exclusive of any other remedies or means
of redress to which Lessor may lawfully be entitled at any time, and Lessor may
invoke any remedy allowed at law or in equity as if specific remedies were not
provided for herein.

     28.  Name of Building.  The Building shall be known as the "NATIONAL BANK
          ----------------
OF COMMERCE BUILDING".  Lessor, however, reserves the right, to be exercised at
Lessor's sole discretion, to change said name from time to time.  Lessee agrees
not to refer to the Building by any name other than as aforesaid or as the same
may be changed by Lessor or by its street address, which shall be:  1927 First
Avenue North, Birmingham, Alabama 35203.

     29.  Rules and Regulations.  Lessee and Lessee's employees and agents shall
          ---------------------
faithfully observe and comply with the Rules and Regulations attached hereto as

ANNEX B, and such reasonable changes therein as Lessor at any time or times
-------
hereafter may make and communicate in writing to Lessee.  In case of any
conflict or inconsistency between the provisions of this Lease and any of the
Rules and Regulations as originally promulgated or as changed, the provisions of
this Lease shall control.  Nothing contained in this Lease shall be construed to
impose upon Lessor any duty or obligation to Lessee to enforce the Rules and
Regulations or the terms, covenants or conditions in any other lease, as against
any other Lessee of the Building, and Lessor shall not be liable to Lessee for
violation of the same by any other Lessee or its employees, agents or visitors.

     30.  Subordination.  This Lease is subordinate to all mortgages which may
          -------------
now or hereafter affect the real property of which the Premises form a part, and
to all renewals and extensions thereof.  In confirmation of such subordination,
Lessee shall execute promptly any instrument of subordination that Lessor may
request.  Lessee hereby irrevocably constitutes and appoints Lessor as Lessee's
attorney in fact to execute any such instrument or instruments of subordination
for and on behalf of Lessee.

     31.  Entire Contract.  This Lease evidences the entire contract between
          ---------------
Lessor and Lessee, and no representations of, or understanding or agreement had
between the parties or agents or others, except as set forth herein, shall be
binding on the parties hereto.

     32.  Notices.  Any notice, statement, demand or other communication
          -------
required or permitted to be given, rendered or made by either party to the
other, pursuant to this Lease or

                                      -17-
<PAGE>

pursuant to any applicable law or requirement of public authority, shall be in
writing (whether or not so stated elsewhere in this Lease) and shall be deemed
to have been properly given, rendered or made, if and when sent by registered or
certified mail, return receipt requested, addressed to the other party at the
address hereinabove set forth. Either party may, by notice as aforesaid,
designate a different address or addresses for notices, statements, demands or
other communications intended for it.

     33.  Surrender.  On the termination of this Lease, or upon any re-entry by
          ---------
Lessor upon the Premises, Lessee shall quit and surrender the Premises to Lessor
in good order, condition and repair, except for ordinary wear and tear and such
damage or destruction as Lessor is required to repair or restore under this
Lease, and Lessee shall remove all of Lessee's property therefrom except as
otherwise expressly provided in this Lease.  Lessee's obligation to observe or
perform this covenant shall survive the expiration or other termination of this
Lease.

     34.  Holding Over.  If Lessee remains in possession of the Premises, or any
          ------------
part thereof, after termination of this Lease, whether with or without the
consent of Lessor, such possession shall be a tenancy at sufferance and in no
event a tenancy by month to month or from year to year.

     35.  Quiet Enjoyment.  Lessor covenants and agrees with Lessee that upon
          ---------------
Lessee's paying the rent reserved in this Lease and observing and performing all
the terms, covenants and conditions of this Lease on Lessee's part to be
observed and performed, Lessee may peaceably and quietly enjoy the Premises,
subject to the terms and conditions of this Lease.

     36.  Parties Bound.
          -------------

     (a)  The designation "Lessee", and all plural and singular words used
herein to refer to the person(s) or organization(s) hereby leasing the Premises
from Lessor, shall be construed to refer to all of the undersigned (except
Lessor), whether one or more. The terms, provisions and agreements herein
contained shall be inure to the benefit of Lessor and to its successors and
assigns. In the event of a conveyance of the Building (or, in the event of
surrender of possession of the Building if Lessor holds the same merely as
mortgagee in possession) the purchaser or new owner shall take subject to and
shall be bound by the provisions and obligations of this Lease, and thereupon
the undersigned Lessor shall be released from the agreements and burdens hereof.

     (b)  If Lessor, or any successor to Lessor's interests under this Lease,
shall be an individual, joint venture, tenancy in common, co-partnership,
unincorporated association or other unincorporated aggregate of individuals or
entities, or of both, or a corporation, Lessee shall look only to Lessor's or
such successor's estate and property in the Building (or the proceeds thereof)
for the satisfaction of Lessee's remedies for the collection of a judgment (or
other judicial process) requiring the payment of money in the event of any
default by Lessor or any such successor hereunder, and no other property or
assets of Lessor or any such successor shall be subject to levy, execution or
other enforcement procedure for the satisfaction of Lessee's remedies under

                                      -18-
<PAGE>

or with respect to this Lease, the relationship of Lessor and Lessee hereunder
or Lessee's use or occupancy of the Premises.


     IN WITNESS WHEREOF, the parties hereto have executed this Lease as of the
day and year first above written.

                                WOODWARD PROPERTIES, LLP


                                By:   /s/ John J. McMahon, Jr.
                                  ----------------------------
                                        Its:   Manager
                                           -----------


                                NATIONAL BANK OF COMMERCE OF
                                BIRMINGHAM
ATTEST:

By:       /s/ William E. Matthews V      By:  /s/ John H. Holcomb III
   ------------------------------------    -------------------------------------
Its: Executive Vice President & CFO      Its:  President and CEO
    ---------------------------------       ------------------------------------

                                      -19-