AmSouth Reaches Agreement with Department of Justice to Divest 52 Branches

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Amsouth (NYSE:ASO)
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AmSouth Bancorporation (NYSE: ASO) announced today that it has reached an agreement with the Department of Justice to sell 52 branches located in Alabama, Mississippi and Tennessee with deposits totaling approximately $2.7 billion. The agreement resolves antitrust concerns raised by the Department of Justice after AmSouth and Regions Financial Corp. announced plans to merge. �We are dedicated to selling these branches to companies that share our commitment to our associates, our customers, and our communities,� said Dowd Ritter, AmSouth�s chairman, president and chief executive officer. �We would expect the purchasers to offer positions to the associates in these branches, and we will work hard to ensure that our customers and associates experience a flawless transition.� The divestiture is required by the Department of Justice to ensure that competition remains strong in certain areas where the companies are combining. The divestitures will include deposits, loans and the related premises and equipment. After buyers are identified, customers will receive information about the transition process, which is expected to occur in the first or second quarters of 2007. Customers of the affected branches will be notified but do not need to do anything at this time. Sale of the branches will be contingent on the completion of the proposed merger between AmSouth and Regions. The 52 AmSouth branches required to be divested are as follows: Market Branch name Address City ALABAMA � � � Decatur Danville Road 2404 Danville Road SW Decatur Huntsville Lily Flagg 107 Lily Flagg Road SE Huntsville � Piedmont Point 4769 Whitesburg Drive S Huntsville � University Drive 1470 Perimeter Parkway NW Huntsville � Whitesburg 2204 Whitesburg Drive Huntsville � North Madison 7930 Highway 72 W Madison Mobile Bay Minette 511 D�Olive St. Bay Minette � Bayou La Batre 13825 S Wintzell Ave. Bayou La Batre � Lake Forest 28770 US Highway 98 Daphne � Baldwin Square 111 Baldwin Square Fairhope � Fairhope 51 S Section St. Fairhope � Ambassador Plaza 7860 Airport Blvd. Mobile � Cottage Hill 5133 Cottage Hill Road Mobile � Crichton 2820 Springhill Ave. Mobile � Government Street 1402 Government St. Mobile � Hillcrest 720 Hillcrest Road Mobile � Lloyds Lane 6241 Cottage Hill Road Mobile � McGregor Square 3920 Airport Blvd. Mobile � Schillinger Road 7849 Cottage Hill Road Mobile � Skyline 3942 Government Blvd. Mobile � Spring Hill-Mobile 4357 Old Shell Road Mobile � Springdale Plaza 3250 Airport Blvd. Mobile � Tillman's Corner 5351 Highway 90 W Mobile � Toulminville 2326 St. Stephens Road Mobile � Saraland 34 Shelton Beach Road Saraland � Oak Plaza 7800 Moffat Road Semmes � Eastern Shore Centre 10010 Eastern Shore Blvd. Spanish Fort � Westminster 500 Spanish Fort Blvd. Spanish Fort Montgomery Millbrook 3725 Highway 14 Millbrook � Atlanta Highway 5375 Atlanta Highway Montgomery � Eastern Bypass 1465 Eastern Blvd. Montgomery � Taylor Road 2710 Taylor Road Montgomery � Prattville 1882 E Main St. Prattville � Wetumpka Main 743 S Main St. Wetumpka Selma Selma Main 9 Broad St. Selma Tuscaloosa Northport 3076 McFarland Blvd. Northport � Skyland 719 Skyland Blvd. E Tuscaloosa � Tuscaloosa Main 2330 University Blvd. Tuscaloosa � University Campus 331 University Blvd. Tuscaloosa MISSISSIPPI � � � Clarksdale Clarksdale Main 301 John Lee Hooker Lane Clarksdale Greenville Greenville Main 342 Washington Ave. Greenville Greenwood Greenwood 820 West Park Ave. Greenwood Starkville Eupora 102 West Fox Ave. Eupora � 12 / 25� 303 Highway 12 W Starkville � Sturgis 3869 Highway 12 West Sturgis TENNESSEE � � � Crossville Crossville 139 Elmore Road Crossville Dayton-Spring City Dayton 1525 Market St. Dayton Fayetteville Fayetteville 310 College St. W Fayetteville Nashville Woodbury 101 W Main St. Woodbury Paris Paris 101 W Wood St. Paris Shelbyville Shelbyville 508 Madison St. Shelbyville Smithville Smithville 200 W Main St. Smithville Questions and answers about divestiture Q: What is divestiture? A: When banks merge, the Department of Justice and the Federal Reserve Board sometimes require the banks to sell, or divest, branches and deposits in some markets to resolve antitrust concerns. This process keeps the merged bank from gaining an unfair advantage and ensures the market remains competitive. Q: How were branches selected for divestiture? A: The Department of Justice and the Federal Reserve made the decisions on which branches must be divested or sold. The divestiture includes deposits, loans and fixed assets, such as premises and equipment. Q: What does this mean for the customer? A: Customers will receive the same great service from the same great bankers they have had in the past. AmSouth and the purchaser will work to ensure the transition is as smooth as possible. Signs and accounts will not change until the spring or summer of 2007. When the time comes for the actual transfer to occur, the customer accounts will be transferred to the new owner of the branch. Q: What does this mean for the associates at these branches? A: Right now, it�s business as usual and there will be no immediate changes. Although buyers have not been identified, we would expect them to offer positions to the associates in these branches because that is the best way to ensure customers continue to receive excellent service. We will work hard to ensure that the customers and associates in these branches experience a flawless transition. About AmSouth AmSouth is a regional bank holding company with $54 billion in assets, 700 branch banking offices and more than 1,200 ATMs. AmSouth operates in Florida, Tennessee, Alabama, Mississippi, Louisiana and Georgia. AmSouth is a leader among regional banks in the Southeast in several key business segments, including consumer and commercial banking, small business banking, mortgage lending, equipment leasing, and trust and investment management services. AmSouth also offers a complete line of banking products and services at its web site, www.amsouth.com. About Regions Financial Corporation Regions Financial Corporation (NYSE: RF), headquartered in Birmingham, Ala., is a full-service provider of retail and commercial banking, trust, securities brokerage, mortgage and insurance products and services. Regions had $86.1 billion in assets as of June 30, 2006, making it one of the nation's top 15 banks. Regions' banking subsidiary, Regions Bank, operates some 1,300 offices and a 1,600-ATM network across a 16-state geographic footprint in the South, Midwest and Texas. Its investment and securities brokerage, trust and asset management division, Morgan Keegan & Company Inc., provides services from over 300 offices. Additional information about Regions, which is a member of both the Forbes and Fortune 500, can be found at www.regions.com. AmSouth Bancorporation (NYSE: ASO) announced today that it has reached an agreement with the Department of Justice to sell 52 branches located in Alabama, Mississippi and Tennessee with deposits totaling approximately $2.7 billion. The agreement resolves antitrust concerns raised by the Department of Justice after AmSouth and Regions Financial Corp. announced plans to merge. "We are dedicated to selling these branches to companies that share our commitment to our associates, our customers, and our communities," said Dowd Ritter, AmSouth's chairman, president and chief executive officer. "We would expect the purchasers to offer positions to the associates in these branches, and we will work hard to ensure that our customers and associates experience a flawless transition." The divestiture is required by the Department of Justice to ensure that competition remains strong in certain areas where the companies are combining. The divestitures will include deposits, loans and the related premises and equipment. After buyers are identified, customers will receive information about the transition process, which is expected to occur in the first or second quarters of 2007. Customers of the affected branches will be notified but do not need to do anything at this time. Sale of the branches will be contingent on the completion of the proposed merger between AmSouth and Regions. The 52 AmSouth branches required to be divested are as follows: -0- *T Market Branch name Address City ---------------------------------------------------------------------- ALABAMA ---------------------------------------------------------------------- Decatur Danville Road 2404 Danville Road SW Decatur ---------------------------------------------------------------------- Huntsville Lily Flagg 107 Lily Flagg Road SE Huntsville ---------------------------------------------------------------------- Piedmont Point 4769 Whitesburg Huntsville Drive S ---------------------------------------------------------------------- University Drive 1470 Perimeter Huntsville Parkway NW ---------------------------------------------------------------------- Whitesburg 2204 Whitesburg Drive Huntsville ---------------------------------------------------------------------- North Madison 7930 Highway 72 W Madison ---------------------------------------------------------------------- Mobile Bay Minette 511 D'Olive St. Bay Minette ---------------------------------------------------------------------- Bayou La Batre 13825 S Wintzell Ave. Bayou La Batre ---------------------------------------------------------------------- Lake Forest 28770 US Highway 98 Daphne ---------------------------------------------------------------------- Baldwin Square 111 Baldwin Square Fairhope ---------------------------------------------------------------------- Fairhope 51 S Section St. Fairhope ---------------------------------------------------------------------- Ambassador Plaza 7860 Airport Blvd. Mobile ---------------------------------------------------------------------- Cottage Hill 5133 Cottage Hill Road Mobile ---------------------------------------------------------------------- Crichton 2820 Springhill Ave. Mobile ---------------------------------------------------------------------- Government Street 1402 Government St. Mobile ---------------------------------------------------------------------- Hillcrest 720 Hillcrest Road Mobile ---------------------------------------------------------------------- Lloyds Lane 6241 Cottage Hill Road Mobile ---------------------------------------------------------------------- McGregor Square 3920 Airport Blvd. Mobile ---------------------------------------------------------------------- Schillinger Road 7849 Cottage Hill Road Mobile ---------------------------------------------------------------------- Skyline 3942 Government Blvd. Mobile ---------------------------------------------------------------------- Spring Hill-Mobile 4357 Old Shell Road Mobile ---------------------------------------------------------------------- Springdale Plaza 3250 Airport Blvd. Mobile ---------------------------------------------------------------------- Tillman's Corner 5351 Highway 90 W Mobile ---------------------------------------------------------------------- Toulminville 2326 St. Stephens Road Mobile ---------------------------------------------------------------------- Saraland 34 Shelton Beach Road Saraland ---------------------------------------------------------------------- Oak Plaza 7800 Moffat Road Semmes ---------------------------------------------------------------------- Eastern Shore 10010 Eastern Shore Spanish Fort Centre Blvd. ---------------------------------------------------------------------- Westminster 500 Spanish Fort Blvd. Spanish Fort ---------------------------------------------------------------------- Montgomery Millbrook 3725 Highway 14 Millbrook ---------------------------------------------------------------------- Atlanta Highway 5375 Atlanta Highway Montgomery ---------------------------------------------------------------------- Eastern Bypass 1465 Eastern Blvd. Montgomery ---------------------------------------------------------------------- Taylor Road 2710 Taylor Road Montgomery ---------------------------------------------------------------------- Prattville 1882 E Main St. Prattville ---------------------------------------------------------------------- Wetumpka Main 743 S Main St. Wetumpka ---------------------------------------------------------------------- Selma Selma Main 9 Broad St. Selma ---------------------------------------------------------------------- Tuscaloosa Northport 3076 McFarland Blvd. Northport ---------------------------------------------------------------------- Skyland 719 Skyland Blvd. E Tuscaloosa ---------------------------------------------------------------------- Tuscaloosa Main 2330 University Blvd. Tuscaloosa ---------------------------------------------------------------------- University Campus 331 University Blvd. Tuscaloosa ---------------------------------------------------------------------- MISSISSIPPI ---------------------------------------------------------------------- Clarksdale Clarksdale Main 301 John Lee Hooker Clarksdale Lane ---------------------------------------------------------------------- Greenville Greenville Main 342 Washington Ave. Greenville ---------------------------------------------------------------------- Greenwood Greenwood 820 West Park Ave. Greenwood ---------------------------------------------------------------------- Starkville Eupora 102 West Fox Ave. Eupora ---------------------------------------------------------------------- 12 / 25 303 Highway 12 W Starkville ---------------------------------------------------------------------- Sturgis 3869 Highway 12 West Sturgis ---------------------------------------------------------------------- TENNESSEE ---------------------------------------------------------------------- Crossville Crossville 139 Elmore Road Crossville ---------------------------------------------------------------------- Dayton-Spring City Dayton 1525 Market St. Dayton ---------------------------------------------------------------------- Fayetteville Fayetteville 310 College St. W Fayetteville ---------------------------------------------------------------------- Nashville Woodbury 101 W Main St. Woodbury ---------------------------------------------------------------------- Paris Paris 101 W Wood St. Paris ---------------------------------------------------------------------- Shelbyville Shelbyville 508 Madison St. Shelbyville ---------------------------------------------------------------------- Smithville Smithville 200 W Main St. Smithville ---------------------------------------------------------------------- *T Questions and answers about divestiture Q: What is divestiture? A: When banks merge, the Department of Justice and the Federal Reserve Board sometimes require the banks to sell, or divest, branches and deposits in some markets to resolve antitrust concerns. This process keeps the merged bank from gaining an unfair advantage and ensures the market remains competitive. Q: How were branches selected for divestiture? A: The Department of Justice and the Federal Reserve made the decisions on which branches must be divested or sold. The divestiture includes deposits, loans and fixed assets, such as premises and equipment. Q: What does this mean for the customer? A: Customers will receive the same great service from the same great bankers they have had in the past. AmSouth and the purchaser will work to ensure the transition is as smooth as possible. Signs and accounts will not change until the spring or summer of 2007. When the time comes for the actual transfer to occur, the customer accounts will be transferred to the new owner of the branch. Q: What does this mean for the associates at these branches? A: Right now, it's business as usual and there will be no immediate changes. Although buyers have not been identified, we would expect them to offer positions to the associates in these branches because that is the best way to ensure customers continue to receive excellent service. We will work hard to ensure that the customers and associates in these branches experience a flawless transition. About AmSouth AmSouth is a regional bank holding company with $54 billion in assets, 700 branch banking offices and more than 1,200 ATMs. AmSouth operates in Florida, Tennessee, Alabama, Mississippi, Louisiana and Georgia. AmSouth is a leader among regional banks in the Southeast in several key business segments, including consumer and commercial banking, small business banking, mortgage lending, equipment leasing, and trust and investment management services. AmSouth also offers a complete line of banking products and services at its web site, www.amsouth.com. About Regions Financial Corporation Regions Financial Corporation (NYSE: RF), headquartered in Birmingham, Ala., is a full-service provider of retail and commercial banking, trust, securities brokerage, mortgage and insurance products and services. Regions had $86.1 billion in assets as of June 30, 2006, making it one of the nation's top 15 banks. Regions' banking subsidiary, Regions Bank, operates some 1,300 offices and a 1,600-ATM network across a 16-state geographic footprint in the South, Midwest and Texas. Its investment and securities brokerage, trust and asset management division, Morgan Keegan & Company Inc., provides services from over 300 offices. Additional information about Regions, which is a member of both the Forbes and Fortune 500, can be found at www.regions.com.

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