Wall Street analysts said they are cautiously optimistic about what would result from Amsouth Bancorp.'s planned takeover of First American Corp., as the $6.3 billion deal cleared another hurdle on the road to completion last week.

Shareholders of Amsouth and Memphis, Tenn.-based First American voted overwhelmingly in favor of the merger late Thursday, with more than 93% of voters approving. The deal is expected to close Oct. 1.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.