AmSouth Bank

AmSouth Bancorporation was founded in 1970, and began doing business in 1972, as a corporation under the laws of Delaware.  As a regional bank holding company AmSouth offers a broad range of banking and finance-related services through its subsidiaries. AmSouth's principal subsidiary is AmSouth Bank.

AmSouth Bank is organized under the laws of the State of Alabama, and is a wholly-owned subsidiary of AmSouth Bancorporation. As of December 31, 2004, the Bank had total consolidated assets of $49.5 billion, total consolidated deposits of $34.2 billion and total consolidated equity capital of $3.6 billion. As of December 31, 2004, the assets of the Bank constituted virtually all of the assets of AmSouth.

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AmSouth Bank offers a wide range of consumer and commercial banking services to consumers, through more than 600 branch banking offices located in Alabama, Florida, Tennessee, Mississippi, Louisiana and Georgia. AmSouth Bank operates a system of over 1,200 automated teller machines which are linked with shared automated tellers in all 50 states.

The Bank's subsidiaries include AmSouth Leasing Corporation, a specialized lender providing equipment leasing, AmSouth Investment Services, Inc., a registered broker-dealer that provides securities brokerage services, and AmSouth Capital Corporation, which originates asset-based and secured cash-flow loans.

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For those consumers interested in consolidating—and eliminating—their high interest credit cards and other debt, AmSouth Bank offers lending solutions and products to meet both the financial and personal needs of its customers.  Whether you choose a home equity line of credit or home equity loan, AmSouth provides attractive and affordable lending options for homeowners.  Features and benefits of these programs include:

AmSouth Bank Home Equity Line of Credit

• A line of credit that works like a credit card;
• You may borrow up to an approved amount for the life of the loan (up to 20 years);
• Withdraw money as you need it;
• As you pay off the principal, you can borrow it again (up to your credit limit);
• Variable interest rate that fluctuates (based on the Prime Rate);
• Borrow up to 100% of the loan-to-value of your home (less principal mortgage owed);
• Borrowing limits from $10,000 to $1,000,000;
• No origination fee;
• No closing cost option available;
• No pre-payment penalties;
• Interest may be tax deductible (consult your tax advisor);
• $50 annual fee—waived for the first year.

AmSouth Bank Home Equity Loan

• Borrow a one-time lump sum;
• Borrow up to 100% of the loan-to-value of your home (less principal mortgage owed);
• Competitive, low fixed interest rate;
• Borrowing limits from $10,000 to $1,000,000;
• Origination fee of 1% of the loan (for purchase money and/or investment property);
• No closing cost option available;
• No pre-payment penalties;
• Interest may be tax deductible (consult your tax advisor);
• No annual fees.

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