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.

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