The $100 billion commitment would go to support for community development and small business and mortgage lending for low-income communities and borrowers. Approximately $50 billion would go for small business lending, $40 billion for mortgage lending and $10 billion for community development efforts.

"This is a concrete example of the new Regions' commitment to our communities and illustrates how combining these two great institutions will create a stronger future for our communities," Jackson W. Moore, chairman, president and CEO of Regions said in a release.

The newly-created Regions CDC would be modeled on AmSouth's current CDC and is further testament to both companies commitment to building the communities in which they operated, said Dowd Ritter, chairman, president and CEO of AmSouth.

Regions Financial Corp. (NYSE: RF), headquartered in Birmingham, Ala., is a full-service provider of retail and commercial banking, trust, securities brokerage, mortgage and insurance products and services. As of March 31, 2006 Regions had $84.6 billion in assets making it one of the nation's top 15 banks. The bank is the second largest in Memphis in terms of deposits.

AmSouth (NYSE:ASO) is a regional bank holding company with $53 billion in assets, more than 680 branch banking offices and 1,200 ATMs. AmSouth operates in Florida, Tennessee, Alabama, Mississippi, Louisiana and Georgia. The bank is the fifth largest in the Memphis market in terms of deposits.

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