AmSouth Bancorporation Added to S&P 500 Index.NEW YORK--(BUSINESS WIRE)--Feb. 16, 1999--Standard & Poor's Financial Information Services See Information Systems. will replace Tele-Communications Inc. (TCOMA) in the S&P 500 Index with AmSouth Bancorporation AmSouth Bancorporation was a bank holding company headquartered in Birmingham, Alabama, operated as a subsidiary of Regions Financial Corporation. AmSouth was previously known as First National Bank of Birmingham first organized in 1872. (ASO ASO arteriosclerosis obliterans. ASO 1 Administrative services organization, see there 2 Allele-specific–oligonucleotide hybridization 3 Anti-streptolysin O, see there ) after the close of trading on a date to be announced To be announced (TBA) A contract for the purchase or sale of an MBS to be delivered at an agreed-upon future date but does not include a specified pool number and number of pools or precise amount to be delivered. . AT&T (T), an S&P 500 component, is acquiring Tele-Communications Inc. The transaction is still pending shareholder and regulatory approvals. AmSouth Bancorporation is a regional bank holding company operating more than 275 banking offices and 600 ATMs in Alabama, Florida, Tennessee and Georgia. AmSouth and its subsidiaries provide a full line of traditional and nontraditional financial services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. including consumer and commercial banking, small business banking, mortgage loans, trust services and investment management. The company, headquartered in Birmingham, Alabama Birmingham (pronounced [ˈbɝmɪŋˌhæm]) is the largest city in the U.S. state of Alabama and is the county seat of Jefferson County. , will be added to the S&P 500 Banks (Major Regional) industry group. Following is a summary of the announced changes: -0-
S&P 500 INDEX -- TBA
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ECONOMIC
COMPANY SECTOR INDUSTRY GROUP
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ADDED AmSouth Bancorporation Financials Banks
(Major Regional)
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DROPPED Tele-Communications Inc. Communication Telecommunications
Services (Long Distance)
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-0- Standard & Poor's Financial Information Services, a division of The McGraw-Hill Companies, provides financial, economic, and investment information, as well as analytical services, to the global financial community and commodity trading markets. Standard & Poor's calculates and maintains the S&P 500, S&P MidCap mid·cap adj. 1. Or or relating to corporations whose retained earnings and outstanding shares of common stock have a value between those of small cap companies and large cap corporations. 2. 400, S&P SmallCap 600, S&P Super Composite 1500 and S&P REIT REIT See: Real Estate Investment Trust REIT See real estate investment trust (REIT). Composite Stock Price Indices, which are widely considered key barometers of stock market activity and performance benchmarks for professional money managers. Approximately $653 billion is currently indexed to the S&P Equity Indices, including $626 billion indexed to the S&P 500, $20 billion indexed to the S&P MidCap 400, and $7 billion linked to the S&P SmallCap 600. Company additions to and deletions from the S&P equity indices do not in any way reflect an opinion on the investment merits of the company. |
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