AmSouth Bancorporation

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AmSouth Bancorporation NYSE: [ASO] is a publicly held company based in Birmingham, Alabama. AmSouth was previously known as First National Bank of Birmingham. AmSouth is in the financial services industry with more than 12,000 employees.

AmSouth's size more than doubled in 2000 when it absorbed Nashville, Tennessee-based First American National Bank. With the merger came hundreds of branches across Tennessee along with several in Kentucky, Virginia, and Mississippi. This is cited as a rare example of one bank absorbing another bank larger than itself. As part of the deal, AmSouth also acquired Deposit Guaranty Bank (which was operating as a subsidiary of First American). As such, the Deposit Guaranty building in downtown Jackson, Mississippi is now known as the AmSouth Building.

Merger with On May 25, 2006, AmSouth announced it would merge with Regions Financial Corporation, another Birmingham-based bank, in a $10 billion deal. The new entity, and all of its branches, will carry the Regions Bank name. The deal is expected to finalize in late 2006 or early 2007. [link]

External links

[AmSouth Bancorporation] official site
[Yahoo! - AmSouth Bancorporation] profile
[Regions Financial] official site

Commercial banks in the United States