2:30 p.m. CT Sept. 7 update: Hibernia Reports Continued Progress in Restoring Operations

Here is the latest storm-related update for Hibernia
(NYSE:HIB) customers and employees in the aftermath of Hurricane
Katrina.

   --  The bank continues to provide full-service at 240 offices and
        208 ATMs in its Louisiana and Texas footprint and is reopening
        others as soon as it can in the Greater New Orleans area.

   --  Hibernia has 54 branches open in the area affected by Katrina.
        Sixty-six (66) branches remain closed. Many of these have
        minimal damage and only require electricity to reopen. The
        company is opening more branches every day.

   --  Hibernia has 590 ATMs. To augment its network, the company is
        deploying 25 mobile ATMs to markets where many evacuees are
        currently staying.

   --  The company's online banking service is running, allowing
        customers to conduct banking needs over the Internet.

   --  Hibernia is making emergency assistance available to its
        employees.

   --  The company's executive management team is now working from
        Baton Rouge.

   --  Power to the New Orleans Central Business District, where
        Hibernia's headquarters and operations center are located, is
        projected to be fully restored soon. In greater New Orleans,
        power has been restored to 630,000 of approximately 1.1
        million customers impacted.

   --  Levee breeches in New Orleans are being repaired, and
        dewatering is under way.

   --  Water is flowing again in Orleans Parish sufficient for
        firefighting and waste removal.

   "Despite challenging circumstances, Hibernia is making good
progress in restoring its operations in the aftermath of Hurricane
Katrina, and our communities are starting to come back as well," said
Hibernia President and CEO Herb Boydstun. "Hibernia has hundreds of
employees, both from impacted and unaffected areas, who are working
tirelessly to get everything fully back on track. They are doing a
great job of getting our systems back to full-speed and serving
customers who have evacuated to other markets where we have a
presence. In the meantime, our company remains strong, with $1.5
billion in capital and well-insured for storm-related damage."
   Employees can find details regarding the company's emergency
assistance by calling an employee hotline. That number is
1-800-707-0489. Or go to Hibernia.com.
   Hibernia is Louisiana's largest and oldest bank with $22.1 billion
in assets and 321 locations covering 34 Louisiana parishes and 36
Texas counties.