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.
Amsouth (NYSE:ASO)
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