Hibernia Announces Branch Closings in Advance of Hurricane Rita; ATMs, Online Banking Ready to Assist Customers

Hibernia Bank (NYSE:HIB) today announced the following
news regarding its operations in South Texas, East Texas and Southwest
Louisiana in advance of Hurricane Rita:

   In Southern Texas:

   --  All branches in the southern part of Texas, except for the Rio
        Grande Valley, are closed today and will remain closed through
        the weekend.

   --  In addition, all non-branch offices in the southern part of
        Texas are closed today and will remain closed through the
        weekend.

   In East Texas:

   --  Because of the predicted inland effects of Hurricane Rita, the
        following branches will close at 3 p.m. Friday and remain
        closed through the weekend: Lufkin, Elysian Fields, Marshall,
        Longview Judson, Longview Loop, Gladewater, Mineola, Lindale,
        Hide-a-Way, Tyler Loop, Tyler South Broadway, Jacksonville,
        Palestine Sycamore, Palestine Loop and Chireno.

   In Southwest Louisiana:

   --  The company is closing the following branches in Southwest
        Louisiana, and all closings remain in effect through the
        weekend: Cameron, closed all day today; all branches in
        Calcasieu Parish, closed at 10 a.m. today; Abbeville, closed
        at 10 a.m. today; Iowa, closes at noon today; and Welsh, Lake
        Arthur, Jennings and New Iberia, close at 1 p.m. today.

   Customers in these markets have the option of using Hibernia ATMs
and the bank's Internet banking service at www.hibernia.com.
   All other Hibernia branch and non-branch locations are open for
business as usual. Employees in mission-critical functions should be
in touch with their managers for instructions. Branch and non-branch
employees who have temporarily relocated to Houston from markets
impacted by Hurricane Katrina should follow the lead of Hibernia's
local management in Houston regarding any openings and closings, and
they should heed the instructions of local authorities.
   Hibernia employees in areas that could be affected by Hurricane
Rita should call the bank's Employee Emergency Information Line
frequently for updates on any impact on Hibernia's offices and
operations. Customers may call 1-877-706-4233 for a recorded update on
storm impact or 1-800-262-5689 to reach Hibernia's customer service
agents.
   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 $22.2 billion in assets and
318 locations in 35 Texas counties and 34 Louisiana parishes. Hibernia
Corporation's common stock (HIB) is listed on the New York Stock
Exchange.