AmSouth Bank: Difference between revisions
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[[Image:AmSouth Logo.jpg|right]] | [[Image:AmSouth Logo.jpg|right]] | ||
'''AmSouth Bank''' (chartered as '''AmSouth Bancorporation''') | '''AmSouth Bank''' (chartered as '''AmSouth Bancorporation''') was a publicly-held company based in [[Birmingham]] which merged with [[Regions Bank]] in November [[2006]]. AmSouth was previously known as '''First National Bank of Birmingham'''. | ||
AmSouth's size more than doubled in 2000 when it absorbed Nashville-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) | ==Prior Mergers== | ||
AmSouth's size more than doubled in [[2000]] when it absorbed Nashville-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). | |||
== Merger with Regions == | == Merger with Regions == | ||
On [[May 25]], [[2006]], AmSouth announced it would merge with [[Regions Bank]], another Birmingham-based bank, in a $10 billion deal. The new entity, and all of its branches, will carry the Regions name. The deal | On [[May 25]], [[2006]], AmSouth announced it would merge with [[Regions Bank]], another Birmingham-based bank, in a $10 billion deal. The new entity, and all of its branches, will carry the Regions name. The deal was finalized in November 2006. [http://www.tennessean.com/apps/pbcs.dll/article?AID=/20060525/BUSINESS01/60525002] | ||
== External links == | == External links == | ||
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*[http://biz.yahoo.com/ic/10/10070.html Yahoo! - AmSouth Bancorporation] profile | *[http://biz.yahoo.com/ic/10/10070.html Yahoo! - AmSouth Bancorporation] profile | ||
[[Category:Major corporations]] | [[Category:Major corporations]] | ||
[[Category:Merged corporations]] | [[Category:Merged corporations]] | ||
[[Category:Defunct banks]] | |||
Revision as of 17:29, 7 November 2006
AmSouth Bank (chartered as AmSouth Bancorporation) was a publicly-held company based in Birmingham which merged with Regions Bank in November 2006. AmSouth was previously known as First National Bank of Birmingham.
Prior Mergers
AmSouth's size more than doubled in 2000 when it absorbed Nashville-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).
Merger with Regions
On May 25, 2006, AmSouth announced it would merge with Regions Bank, another Birmingham-based bank, in a $10 billion deal. The new entity, and all of its branches, will carry the Regions name. The deal was finalized in November 2006. [1]
External links
- AmSouth Bancorporation official site
- Yahoo! - AmSouth Bancorporation profile