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.

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.