AmSouth Bancorporation

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AmSouth Bancorporation

Type	Subsidiary of Regions Financial Corporation
Founded	1970
Headquarters	Birmingham, Alabama, USA
Key people	C. Dowd Ritter, Chief Executive Officer Beth E. Mooney, Chief Financial Officer
Industry	Finance and Insurance
Products	Financial Services
Revenue	$3.39 billion USD (2005)
Employees	12,000 (2004)
Slogan	The Relationship People
Website	http://www.amsouth.com/

AmSouth Bancorporation was a bank holding company headquartered in Birmingham, Alabama, at the Regions Center. 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.

[edit] Merger with Regions Financial Corporation

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.

A list of branches that will be divested for the merger to be approved was issued by the Department of Justice on October 19, 2006. [1]

On November 4, 2006 Regions completed its acquisition of AmSouth. Branch and ATM conversions will begin in mid-2007.