5 p.m. CT Sept. 16 Update: Three More Hibernia Locations Previously Closed Due to Hurricane Katrina Have Been Reopened

Hibernia (NYSE: HIB) today announced that it has
reopened three additional locations in the area affected by Hurricane
Katrina. This brings to 66 the number of previously closed locations
that have reopened. Fifty locations remain closed. Many of the offices
that remain closed have minimal damage and only require electricity to
reopen, and Hibernia expects more locations in the New Orleans area to
open during the week of Sept. 19. The company will continue to open
branches as conditions permit.
   Here is a list of previously closed branches that have reopened,
listing the branch name, parish in which it is located and street
address:

   --  Main Office, East Baton Rouge, 440 Third St.

   --  Delmont, East Baton Rouge, 5175 Plank Road

   --  Baker, East Baton Rouge, 2082 Main St., Baker

   --  Central, East Baton Rouge, 13363 Cooper Road

   --  Government, East Baton Rouge, 5220 Government St.

   --  Broadmoor, East Baton Rouge, 9638 Florida Blvd.

   --  Highland Road, East Baton Rouge, 19980 Highland Road

   --  Prairieville, Ascension, 16159 Hwy. 73

   --  Staring Lane, East Baton Rouge, 1961 Staring Lane

   --  College Drive, East Baton Rouge, 3110 College Drive

   --  North Range Avenue, Livingston, 116 N. Range Ave. Denham
        Springs

   --  Albany, Livingston, 19129 Florida Blvd.

   --  Plantation, Livingston, 7995 Vincent Road, Denham Springs

   --  Hammond, Tangipahoa, 1506 S. Morrison Blvd.

   --  Chackbay, Lafourche, 606 Hwy. 20, Chackbay

   --  West Airline, St. John, 1200 W. Airline Hwy., LaPlace

   --  West Second, Lafourche, 203 W. Second, Thibodaux

   --  Grand Caillou, Terrebonne, 1513 Grand Caillou, Houma

   --  Lafourche Plaza, Lafourche, 1659 St. Mary St., Thibodaux

   --  Pierre Part, Assumption, 3510 Hwy. 70 South

   --  Raceland, Lafourche, 3908 Hwy. 1, Raceland

   --  Val Hi, Terrebonne, 1421 St. Charles St., Houma

   --  Houma Main Office, Terrebonne, 1047 W. Tunnel Blvd.

   --  Eastside, Terrebonne, 1800 E. Tunnel Blvd., Houma

   --  Savanne Road, Terrebonne, 2201 Martin Luther King Blvd., Houma

   --  Chauvin, Terrebonne, 5120 Hwy. 56

   --  Galliano, Lafourche, 16244 W. Main St.

   --  Napoleonville, Assumption, 110 Franklin St.

   --  Thibodaux Express, Lafourche, 121 E. Bayou Road, Thibodaux

   --  Lockport, Lafourche, 400 Crescent Ave.

   --  Napoleonville Drive-Up, Assumption, 4804 Hwy. 308

   --  Tom Drive (formerly Wooddale), East Baton Rouge, 8031 Airline
        Hwy.

   --  Donaldsonville, Ascension, 400 Mississippi St.

   --  Burnside, Ascension, 1312 S. Burnside, Gonzales

   --  Shenandoah, East Baton Rouge, 6040 Jones Creek Road

   --  O'Neal, East Baton Rouge, 2390 O'Neal Lane

   --  Millerville, East Baton Rouge, 1050 Millerville Road

   --  Sherwood Forest, East Baton Rouge, 4646 S. Sherwood Forest

   --  Sherwood Forest, Drive Up, East Baton Rouge, 11221 Coursey
        Blvd.

   --  Jefferson Highway., East Baton Rouge, 8009 Jefferson Hwy.

   --  Walker, Livingston, 29741 Walker Road South

   --  Livingston, Livingston, 29963 S. Magnolia St.

   --  Bluebonnet, East Baton Rouge, 6920 Bluebonnet

   --  Destrehan, 13524 River Road in Destrehan

   --  Boutte, 12269 Highway 90 in Boutte

   --  Luling, 811 Paul Maillard Road, Luling

   --  Larose, 14008 W. Main St., Larose

   --  Norco, 22 Apple St., Norco

   --  Industriplex, East Baton Rouge, 6581 Siegen Lane, Baton Rouge

   --  Bonnabel, Jefferson, 1501 Veterans Blvd., Metairie

   --  Marrero, Jefferson, 4601 Westbank Expressway, Marrero

   --  Golden Meadow, Lafourche, 1807 N. Bayou Drive

   --  Rienzi, Lafourche, 210 N. Canal Blvd., Thibodaux

   --  Reserve, St. John, 105 W. Eighth St., Reserve

   --  Belle Terre, St. John, 627 Belle Terre Blvd., LaPlace

   --  Edgard, St. John, 2447 Hwy 18 River Road, Edgard

   --  Military, St. Tammany, 2925 Gause Blvd., Slidell

   --  Mandeville, St. Tammany, 3840 Emerald Road, Mandeville

   --  Gause, St. Tammany, 333 Gause Blvd., Slidell

   --  Bogue Falaya, St. Tammany, 1005 Lee Road, Covington

   --  Boston Street, St. Tammany, 218 E. Boston St., Covington

   --  Folsom, St. Tammany, 82378 June St., Folsom

   --  Highway 190, St. Tammany, 830 Highway 190, Covington

   --  Columbia Street, Washington, 346 Columbia St., Bogalusa

   --  Northside (drive-up only), Washington, 400 Austin St.,
        Bogalusa

   --  Franklinton, Washington, 926 Pearl St., Franklinton

   Here is a recap of some previously announced news for Hibernia
customers and employees:

   --  For small businesses: Hibernia's small-business customers in
        areas affected by the hurricane should call the bank's
        Customer Service area at 1-800-262-5689 if they have not
        already been in touch with their bankers so that Hibernia can
        be of assistance during this challenging time.

   Hibernia has announced it has made the following arrangements for
the extension of consumer, small-business and mortgage-banking loan
payments:

   --  For Hibernia consumer borrowers in Louisiana and Mississippi
        zip codes beginning with 700, 701, 703, 704, 394, 395 and 396,
        Hibernia will defer all payments on consumer loans and lines
        of credit until January 2006. This policy also will apply to
        all small-business loans and lines of credit up to $1 million.
        Individual hardship cases not addressed by this policy will be
        handled on an individual basis.

   --  All automatic deduction payments from checking accounts
        related to these loans will be suspended during the deferment
        period. If a borrower wishes to continue automatic deductions,
        payments cannot be deferred. All automatic deduction
        authorizations will be restored on Jan. 1, 2006.

   --  For Hibernia customers impacted by the hurricane whose
        residential first mortgages are held by Hibernia, the bank
        will suspend up to three months of first-mortgage payments.
        There will be no credit reporting on these accounts during
        this period. The bank also will grant up to 18 months of
        temporary forbearance to repay suspended payments, also with
        no credit reporting. Customers should contact their applicable
        mortgage servicer at 1-877-636-4008 or 1-877-636-4013 for
        details and arrangements. The Department of Housing and Urban
        Development instituted a moratorium on commencement and/or
        continuation of foreclosure action on homes in a federally
        declared disaster area for a period of 90 days from the date
        of the declaration. Also, government insured mortgages (FHA
        and VA loans) may also qualify for a variety of assistance
        options, including special forbearance, late-fee waiver,
        modification and refinance. The appropriate contact numbers
        above can guide customers through these processes.

   In addition, the bank has set up a customer emergency information
hotline. Customers who call 1-877-706-4233 will hear the latest update
on the status of Hibernia's customer service recovery efforts. The
hotline will be updated on a regular basis.

   --  For all Hibernia employees: Hibernia is making financial
        assistance available to employees affected by the hurricane.
        To learn details regarding emergency assistance and housing
        assistance, as well as a temporary expense policy, employees
        should go to Hibernia.com and locate the red emergency section
        at the top and click on the VIEW UPDATES section to reach a
        Q&A with details. The Q&A also contains information about
        employee pay.

   --  Also for employees in the impacted areas: Please call
        1-800-707-0489 or go to the same area of Hibernia.com and look
        for the CHECK-IN form in the emergency section at the top.
        Operators will help identify banking locations where
        assistance is needed.

   Hibernia is on Forbes magazine's list of the world's 2,000 largest
companies and Fortune magazine's list of America's top 1,000 companies
according to annual revenue. Hibernia has $22.1 billion in assets and
321 locations in 34 Louisiana parishes and 36 Texas counties.