AmSouth Announces Plan to Repurchase 25 Million Shares.Business Editors BIRMINGHAM, Ala.--(BUSINESS WIRE)--Sept. 19, 2001 AmSouth Bank (NYSE NYSE See: New York Stock Exchange : ASO ASO arteriosclerosis obliterans. ASO 1 Administrative services organization, see there 2 Allele-specific–oligonucleotide hybridization 3 Anti-streptolysin O, see there ) announced today that its Board of Directors has authorized au·thor·ize tr.v. au·thor·ized, au·thor·iz·ing, au·thor·iz·es 1. To grant authority or power to. 2. To give permission for; sanction: the repurchase of up to 25 million shares of the company's outstanding common stock. C. Dowd Dowd is a derivation of an ancient surname which was once common in Ireland but is now quite rare. The name Dowd is an Anglicisation of the original Ui Dubhda, through its more common form O'Dowd. Ritter rit·ter n. pl. ritter A knight. [German, from Middle High German riter, from Middle Dutch ridder, from r , AmSouth's chairman, president and chief executive officer, said, "AmSouth's strong capital position allows us to take this action, which clearly reflects our confidence in the future of our company, our financial system and the American economy as a whole." This authorization, which expires in September 2003, represents nearly 7 percent of the company's outstanding shares. The common shares may be repurchased in the open market or in privately negotiated transactions. The reacquired common shares will be held as treasury shares and may be reissued for various corporate purposes, including employee benefit programs. As of June 30, 2001, there were 368 million shares outstanding. The company has been repurchasing shares based on a 35 million share authorization announced in April 2000. There are currently fewer than 500,000 shares remaining under that authorization. About AmSouth AmSouth is a regional bank holding company headquartered in Birmingham with $38.4 billion in assets, 600 branch banking offices and more than 1,200 ATMs. AmSouth operates in Tennessee, Alabama, Florida, Mississippi, Louisiana and Georgia. AmSouth is a leader among regional banks in the Southeast in several key business segments, including consumer and commercial banking, small business banking, mortgage lending, equipment leasing Equipment Leasing is a financing option to lease equipment for a certain amount of time. Leasing Benefits
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