$1 Million Loan from AmSouth to Build Homes in Bay St. Louis; One of the First New Subdivisions in the Community since Hurricane
18 2월 2006 - 2:08AM
Business Wire
A $1 million construction line of credit from AmSouth Bank (NYSE:
ASO) will be used to build up to 71 new affordable homes in the
Bayside Park Subdivision, an area hit hard by Hurricane Katrina
last year. The homes, being built by developer Double A Homes
Builders, LLC, represent one of the first new subdivisions to be
built in the Bay St. Louis community since the hurricane last
August. "Low to moderate income families who may have been
displaced by Hurricane Katrina will have the opportunity to move
back into their neighborhood, into one of these wonderful new
homes," said AmSouth Regional Community Development Manager Kevin
Williams. "I'm glad AmSouth was able to make this loan, and help
re-build the Gulf Coast." An official announcement will take place
at the subdivision site on Saturday, Feb. 18, at 1:00 p.m. The
location of the site is 6218 West Hinds Street in Bay St. Louis.
About AmSouth AmSouth is a regional bank holding company with over
$52 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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