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Non-Tech : SOUTHERN REGIONAL BANKS -- Ignore unavailable to you. Want to Upgrade?

To: Jimbo Cobb who wrote (45)	3/19/1998 4:17:00 PM
From: Martin Wormser	Read Replies (1) \| Respond to of 77

Banks are doing great now. As long as interest rates stay low we will do fine. martin Thursday March 19, 2:17 pm Eastern Time Company Press Release SOURCE: AmSouth Bancorporation AmSouth Bancorporation Board announces 3-for-2 stock split BIRMINGHAM, Ala., March 19 /PRNewswire/ -- The board of directors of AmSouth Bancorporation (NYSE: ASO - news) today authorized a three-for-two stock split in the form of a 50 percent stock dividend payable April 30, 1998, to stockholders of record as of April 3, 1998. As a result of the three-for-two stock split, shareholders of record as of April 3 will receive one additional share for every two shares held. Cash will be paid in lieu of fractional shares. AmSouth stock price listings will reflect the three-for-two stock split beginning May 1. Commenting on the board's actions, AmSouth Bancorporation chairman, president and chief executive officer, C. Dowd Ritter, said, ''The three-for- two stock split reflects the confidence we have in the future of our company and is consistent with our goal of enhancing shareholder value.'' AmSouth has now achieved 12 consecutive quarters of increased earnings per share from operations, and AmSouth shareholders have realized a significant appreciation on their investment in the company, according to Ritter. AmSouth shareholders realized a total return, including stock price appreciation and dividends, of 73 percent in 1997. The company's three-year cumulative total return from year-end 1994 through year-end 1997 was 253 percent. AmSouth is a regional bank holding company headquartered in Birmingham. At December 31, 1997, the company reported assets of $18.6 billion, ranking it among the top 50 banking institutions in the United States. AmSouth operates more than 270 banking offices and 600 ATMs in Alabama, Florida, Tennessee and Georgia. AmSouth and its subsidiaries provide a full line of traditional and nontraditional financial services including consumer and commercial banking, mortgages, trust services and investment management.