Forbes Ranks AmSouth Among Best-Managed Banks; Bank Receives Top Rankings in Forbes and US Banker Magazines
05 1월 2006 - 12:04AM
Business Wire
AmSouth Bancorporation (NYSE:ASO) has been ranked by Forbes
Magazine as one of the Top 10 "Best Managed Banking Companies in
America" and by US Banker Magazine as a "Top 20 All-Star" bank.
Both rankings appeared in the January issues of the two magazines.
In the Forbes Best Managed Companies ranking, AmSouth was seventh,
based upon five-year annualized total return of 18.2 percent. In
the US Banker Top 20 All-Stars ranking, AmSouth was 13th, based
upon AmSouth's return on equity of more than 20 percent, compared
to an industry average of 12.7 percent. US Banker also ranked
AmSouth's CFO, Beth Mooney, fifth among chief financial officers in
banking. "We are pleased that AmSouth has been recognized by these
two national publications for strong performance for shareholders,"
says Dowd Ritter, chairman, president and chief executive officer
of AmSouth. "The credit should go to our employees for their focus
on delivering outstanding customer service, which is at the heart
of building solid results," he said. "We are also proud that our
chief financial officer, Beth Mooney, was honored for her focus on
achieving good performance for the company." An investment of
$10,000 in November 2000, with dividends reinvested, was worth more
than $22,401 at the end of November 2005, the time period used by
Forbes. A similar investment in the S&P 500 would have been
worth $10,321. About AmSouth AmSouth is a regional bank holding
company with over $50 billion in assets, more than 680 branch
banking offices and more than 1,200 ATMs. AmSouth operates in
Florida, Tennessee, Alabama, Mississippi, Louisiana and Georgia.
AmSouth is a leader among regional banks in the Southeast in
several key business segments, including consumer and commercial
banking, small business banking, mortgage lending, equipment
leasing, and trust and investment management services. AmSouth also
offers a complete line of banking products and services at its web
site, www.amsouth.com.
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