Fortune delays vote on sale to AmSouth.

CLEARWATER, Fla. -- Fortune Bancorp said it intends to postpone its annual meeting until May 23. Stockholders will vote on the pending merger of Fortune into AmSouth Bancorporation at that time.

The two banks have agreed to delay the meeting so they can inform all shareholders of a modification of the consideration to be paid to Fortune's preferred stockholders in the proposed merger.

Sweetener

The modification involves an additional cash payment of approximately $1.81 a share, or a total of $2.5 million, to all Fortune preferred shareholders.

This cash payment is in addition to the 1.33 shares of AmSouth common stock or an equivalent amount in cash originally agreed upon.

The modification for the preferred stockholders will not change the merger consideration to be paid to Fortune's common stockholders.

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