AmSouth Purchases Thrift in Tennessee
NASHVILLE -- AmSouth Bancorp. said it has entered the Tennessee market by purchasing Investors Savings Bank of Nashville from the Resolution Trust Corp.
AmSouth, based in Birmingham, Ala., has $8.7 billion in assets. Certain assets and all deposits of the failed thrift will become part of a newly chartered commercial bank, AmSouth Bank of Tennessee, AmSouth said.
The transaction involved about $25 million in deposits.