Hibernia Provides 'Rebuild Your Business' Flexible Line of Credit for Equipment Leasing

Hibernia National Bank (NYSE:HIB) today announced
another product designed to help companies rebuild their businesses
following hurricanes Katrina and Rita.
   The "Rebuild Your Business" equipment line of credit features 100
percent financing and flexible, deferred payments to allow businesses
to quickly lease needed office equipment, computers, furniture,
telephone systems, restaurant equipment, tractors, trailers and more.
   Chris Bucher, Senior Vice President and Equipment Finance manager,
said the equipment line of credit will be structured with no down
payment, immediate funding and deferred payments until 2006. It will
offer long-term financing that corresponds to the useful life of the
equipment.
   "We recognize the challenges many businesses in Louisiana and
Southeast Texas face in getting their companies up and running,"
Bucher said. "These equipment leases are designed to help supply the
equipment needed to rebuild their companies so small businesses can
quickly return to serving the needs of their customers."
   Bucher said Hibernia will work with customers to structure a
payment plan that matches their cash flow.
   Hibernia earlier announced two unsecured line-of-credit products
that provide short-term cash until business owners receive expected
funding from the Small Business Administration or an insurance
settlement. They also feature minimal documentation and quick funding
turnaround. Bucher said the first payment on these lines of credit
will not be due for 60 days to further assist businesses in getting
back on their financial feet.
   Small businesses that currently do not bank with Hibernia are
welcome to apply for these equipment leases as well, he added. To
apply, small-business owners can visit any Hibernia branch office or
call Hibernia Small-Business Leasing at 1-800-871-6125.
   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. Hibernia
Corporation's common stock (HIB) is listed on the New York Stock
Exchange.