216:(which was operating as a subsidiary of First American). AmSouth was known for its low risk accounts through its specialty in Wealth Management, especially in its largest market of Birmingham, Alabama, where it started its specialty. Following AmSouth's merger with First American in 1999, the company expanded its Wealth Management reach into many of First American's markets such as Nashville, Tennessee.
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On
November 4, 2006, Regions completed its acquisition of AmSouth. AmSouth branches in Alabama, Florida, or Columbus, GA, either closed or converted to Regions on July 13, 2007. Branches in remaining states (except parts of Northwest Georgia) closed or converted on October 26, 2007. The branches in
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A list of branches that will be divested for the merger to be approved was issued by the
Department of Justice on October 19, 2006. The 39 branches divested in Alabama were sold to
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after a merger between the two banks. AmSouth was previously known as First
National Bank of Birmingham, which was first organized by
212:. This is cited as a rare example of one bank absorbing another bank larger than itself. As part of the deal, AmSouth also acquired
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353:"Justice Department reaches agreement requiring divestitures in merger of Regions Financial Corp. and AmSouth Bancorporation"
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in 1872. AmSouth was in the financial services industry and at its peak employed over twelve thousand people.
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Northwest
Georgia were converted on December 6, 2007, officially retiring the AmSouth name.
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330:(Press release). Regions Financial Corporation. 2006-05-25. Archived from
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328:"Regions Financial Corp. and AmSouth Bancorporation to Merge"
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288:(Press release). Regions Financial Corporation. 2006-11-04
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AmSouth's size more than doubled in 2000 when it absorbed
228:, another Birmingham-based bank, in a $ 10 billion deal.
196:. With the merger came hundreds of branches primarily in
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On May 25, 2006, AmSouth announced it would merge with
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355:(Press release). Department of Justice. 2006-10-19
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309:. Birmingham Business Journal. 1999-06-04
220:Merger with Regions Financial Corporation
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169:was a banking company headquartered in
434:American companies established in 1970
404:Companies based in Birmingham, Alabama
286:"Regions and AmSouth Complete Merger"
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385:official site of parent corporation
429:Defunct companies based in Alabama
419:Defunct banks of the United States
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377:Yahoo! - AmSouth Bancorporation
259:. AmSouth Bank. Archived from
235:and converted in Spring 2007.
1:
399:Regions Financial Corporation
307:"AmSouth buys First American"
226:Regions Financial Corporation
179:Regions Financial Corporation
83:Regions Financial Corporation
424:Banks disestablished in 2006
194:First American National Bank
450:
414:Banks established in 1970
160:amsouth.com (now defunct)
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119:Chief Executive Officer
409:Banks based in Alabama
167:AmSouth Bancorporation
28:AmSouth Bancorporation
214:Deposit Guaranty Bank
46:Finance and Insurance
190:Nashville, Tennessee
175:bank holding company
171:Birmingham, Alabama
148:Number of employees
142:$ 54 billion (2006)
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129:Financial services
383:Regions Financial
257:"AmSouth History"
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16:(Redirected from
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233:RBC Centura Bank
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63:November 4, 2006
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371:External links
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263:on 6 July 2007
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116:C. Dowd Ritter
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93:AmSouth Center
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152:12,000 (2006)
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357:. Retrieved
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336:. Retrieved
332:the original
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311:. Retrieved
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290:. Retrieved
265:. Retrieved
261:the original
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200:but also in
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183:Charles Linn
166:
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137:Total assets
89:Headquarters
73:Regions Bank
71:Merged with
18:AmSouth Bank
210:Mississippi
393:Categories
359:2007-07-18
338:2007-07-18
313:2007-07-18
292:2007-07-18
243:References
112:Key people
97:Birmingham
198:Tennessee
79:Successor
206:Virginia
202:Kentucky
125:Products
42:Industry
379:profile
267:18 July
192:-based
157:Website
101:Alabama
60:Defunct
52:Founded
208:, and
269:2007
68:Fate
55:1970
105:USA
395::
277:^
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341:.
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20:)
Text is available under the Creative Commons Attribution-ShareAlike License. Additional terms may apply.
