AmSouth Bank (NYSE: ASO) has contributed an additional $500,000 to the Orlando, Fla.,-based Florida Community Loan Fund (FCLF), doubling its 2005 contribution and bringing its total investment in the fund to $1 million. The FCLF is a statewide, federally certified community development institution. As a private, nonprofit financial intermediary, the Loan Fund makes flexible financing available at affordable rates to support the revitalization of low-income communities through affordable housing, community facilities, economic development and social services. Over 70 percent of lending activity supports the acquisition, renovation or construction of single-family and multi-family affordable housing, home-ownership and rental properties. "The social impact of these loans and the technical assistance to community organizations has been tremendous, producing more than 1,000 units of housing and delivering essential social services to thousands of people with special needs," said Susan Martinez, AmSouth's Florida state head. "Our additional investment in the fund will help meet the pressing need for affordable housing in Florida, which has been made even more acute by multiple hurricanes over the past 18 months." About AmSouth AmSouth is a regional bank holding company with over $52 billion in assets, more than 680 branch banking offices and more than 1,200 ATMs. AmSouth operates in Florida, Tennessee, Alabama, 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, and trust and investment management services. AmSouth also offers a complete line of banking products and services at its web site, www.amsouth.com.
Amsouth (NYSE:ASO)
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