Exhibit 99.1

News Release AmSouth Bancorporation Post Office Box 11007 Birmingham, Alabama 35288

FOR IMMEDIATE RELEASE

Contact:	(Investment Community)	List Underwood	(205) 801-0265
	(News Media)	Rick Swagler	(205) 801-0105
	To hear a webcast of the conference call with analysts at 2 p.m. CDT, July 18, 2006, go to www.amsouth.com and click on the webcast link under “Message Center.” For supplemental financial information about the second quarter results, visit the Investor Relations Resource Center on AmSouth’s web site at www.amsouth.com/irrc.

AmSouth Reports Earnings for Second Quarter 2006

BIRMINGHAM, Ala., July 18, 2006 – AmSouth Bancorporation (NYSE: ASO) today reported earnings for the second quarter ended June 30, 2006, of $.53 per diluted share, compared to $.52 per diluted share reported for the second quarter of 2005. Net income for the second quarter of 2006 was a record $184.7 million and resulted in a return on average equity of 20.6 percent, a return on average assets of 1.39 percent, and an efficiency ratio of 52.7 percent.

“Even as AmSouth prepares to complete its merger with Regions Financial Corporation later this year, we are continuing to deliver solid earnings driven by higher revenue across the board,” said Dowd Ritter, AmSouth’s chairman, president and chief executive officer. “This quarter was marked by a combination of higher net interest income, higher noninterest revenue, and continued strength in credit quality.”

Net interest income in the second quarter grew to $402.8 million, or an annual rate of 6.4 percent compared with the second quarter of 2005, and the net interest margin remained stable at 3.39 percent. Contributing to the higher level of net interest income, loan growth continued at a healthy 10.9 percent pace compared to the second quarter of

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2005 and was led by growth in Commercial Real Estate, small business lending, and equity lending. Total deposits grew $2.2 billion during the same period.

Noninterest revenue, which includes earnings from service charges, trust, investment services, interchange, and other sources of fee income, was $231.4 million for the quarter, increasing at an annual rate of 21.3 percent compared with the prior quarter. Noninterest expenses in the second quarter were $339.6 million, which includes $7.2 million in stock based compensation expense not recorded in prior quarters.

Credit quality remained strong, with net charge-offs of $17.2 million or 0.19 percent of average net loans in the second quarter, a decrease of 2 basis points compared with the second quarter of 2005. The provision for loan losses totaled $24.0 million for the current quarter, while the ratio of loan loss allowance to total loans was stable at 0.96 percent at June 30, 2006.

Total nonperforming assets at June 30, 2006, were $109.4 million, or 0.29 percent of loans net of unearned income, foreclosed properties and repossessions, compared to $100.3 million, or 0.27 percent, in the previous quarter.

“We are continuing to make good progress toward completing our merger with Regions in the fourth quarter and realizing the unprecedented opportunity to combine two premier financial institutions with histories of high profitability and shareholder returns into an even stronger organization,” Ritter said.

For supplemental financial information about the second quarter results, please refer to the Form 8-K filed by AmSouth with the Securities and Exchange Commission on July 18, 2006, or visit the Investor Relations Resource Center on AmSouth’s web site at www.amsouth.com.

About AmSouth

AmSouth is a regional bank holding company with $54 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.

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Forward Looking Statements

Statements in this document that are not purely historical are forward-looking statements (as defined in the Private Securities Litigation Reform Act of 1995), including any statements regarding descriptions of management’s plans, objectives or goals for future operations, products or services, and forecasts of its revenues, earnings or other measures of performance. Forward-looking statements are based on current management expectations and, by their nature, are subject to risks and uncertainties. A number of factors – many of which are beyond AmSouth’s control – could cause actual conditions, events or results to differ materially from those described in the forward-looking statements. Such factors include, but are not limited to: the execution of AmSouth’s strategic initiatives; legislation and regulation; general economic conditions, especially in the Southeast; the performance of the stock and bond markets; changes in interest rates, yield curves and interest rate spread relationships; prepayment speeds within the loan and investment security portfolios; deposit flows; the cost of funds; cost of federal deposit insurance premiums; demand for loan products; demand for financial services; competition, including a continued consolidation in the financial services industry; changes in the quality or composition of AmSouth’s loan and investment portfolios including capital market inefficiencies that may affect the marketability and valuation of available-for-sale securities; changes in consumer spending and saving habits; technological changes; adverse changes in the financial performance and/or condition of AmSouth’s borrowers which could impact the repayment of such borrowers’ loans; changes in accounting and tax principles, policies or guidelines and in tax laws; other economic, competitive, governmental and regulatory factors affecting AmSouth’s operations, products, services and prices; the effects of weather and natural disasters, such as hurricanes; unexpected judicial actions and developments; results of investigations, examinations, and reviews of regulatory and law enforcement authorities; the outcome of litigation, which is inherently uncertain and depends on the findings of judges and juries; the impact on AmSouth’s businesses, as well as on the risks set forth above, of various domestic or international military or terrorist activities or conflicts; and AmSouth’s success at managing the risks involved in the foregoing. Forward-looking statements speak only as of the date they are made. AmSouth does not undertake a duty to update forward-looking statements to reflect circumstances or events that occur after the date the forward-looking statements are made.

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AmSouth Bancorporation

SUMMARY FINANCIAL INFORMATION

($ in thousands, except per share data)

EARNINGS SUMMARY	Three Months Ended															Percent Change Versus Prior Year		YTD						Percent Change Versus Prior Year
	2006						2005											2006			2005
	June 30			March 31			December 31			September 30			June 30					June 30			June 30
Net interest income	$	402,785		$	397,720		$	392,150		$	374,733		$	378,643		6.4	%	$	800,505		$	758,391		5.6	%
Provision for loan and lease losses		24,000			27,300			20,850			34,800			17,700		35.6	%		51,300			38,300		33.9	%
Net interest income after provision		378,785			370,420			371,300			339,933			360,943		4.9	%		749,205			720,091		4.0	%
Noninterest revenues		231,381			219,683			216,944			259,649			223,151		3.7	%		451,064			438,587		2.8	%
Noninterest expenses		339,555			330,002			320,559			336,905			314,942		7.8	%		669,557			634,459		5.5	%
Income before income taxes		270,611			260,101			267,685			262,677			269,152		0.5	%		530,712			524,219		1.2	%
Income taxes		85,930			79,110			85,552			82,349			84,553		1.6	%		165,040			160,975		2.5	%
Net income	$	184,681		$	180,991		$	182,133		$	180,328		$	184,599		0.0	%	$	365,672		$	363,244		0.7	%
Earnings per common share - basic	$	0.54		$	0.52		$	0.52		$	0.52		$	0.52		3.8	%	$	1.06		$	1.03		2.9	%
Earnings per common share - diluted		0.53			0.52			0.52			0.51			0.52		1.9	%		1.04			1.01		3.0	%
Cash dividends declared per common share		0.26			0.26			0.26			0.25			0.25		4.0	%		0.52			0.50		4.0	%
Weighted-average common shares outstanding - basic		344,647			345,433			347,201			349,346			352,054					345,038			353,170
Weighted-average common shares outstanding - diluted		349,647			350,743			351,811			354,654			357,026					350,192			357,914
End of period common shares outstanding		343,484			346,590			348,072			348,562			352,349					343,484			352,349
	Three Months Ended																	YTD
	2006						2005											2006 June 30			2005 June 30
KEY PERFORMANCE RATIOS	June 30			March 31			December 31			September 30			June 30
Average shareholders’ equity to average total assets		6.76	%		6.79	%		6.87	%		7.06	%		7.03	%				6.77	%		7.03	%
End of period shareholders’ equity to end of period total assets		6.64			6.84			6.91			7.00			7.20					6.64			7.20
Return on average assets (annualized)		1.39			1.39			1.40			1.41			1.47					1.39			1.46
Return on average shareholders’ equity (annualized)		20.59			20.52			20.36			20.02			20.92					20.56			20.70
Net interest margin - taxable equivalent		3.39			3.42			3.37			3.31			3.40					3.41			3.42
Efficiency ratio		52.65			52.53			51.71			52.22			51.41					52.59			52.06
Loans net of unearned income to total deposits		100.04			98.97			98.76			96.23			94.96					100.04			94.96
Book value per common share	$	10.42		$	10.44		$	10.44		$	10.26		$	10.33				$	10.42		$	10.33
Tangible book value per common share		9.56			9.58			9.59			9.41			9.48					9.56			9.48

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AmSouth Bancorporation

SUMMARY FINANCIAL INFORMATION

($ in thousands)

BALANCE SHEET INFORMATION AVERAGE BALANCES	Three Months Ended										Percent Change Versus Prior Year		YTD				Percent Change Versus Prior Year
	2006				2005								2006		2005
	June 30		March 31		December 31		September 30		June 30				June 30		June 30
Loans net of unearned income	$	37,012,965	$	36,344,524	$	34,993,552	$	33,765,529	$	33,361,522	10.9	%	$	36,680,591	$	33,285,458	10.2	%
Total investment securities *		11,526,166		11,530,789		11,792,136		11,969,618		12,374,769	(6.9	%)		11,528,465		12,452,245	(7.4	%)
Interest-earning assets *		48,937,299		48,394,488		47,373,341		46,276,262		46,007,898	6.4	%		48,667,393		45,968,517	5.9	%
Total assets		53,182,063		52,708,707		51,673,254		50,635,581		50,341,297	5.6	%		52,946,693		50,318,828	5.2	%
Noninterest-bearing deposits		7,948,217		7,956,264		7,949,605		7,565,672		7,454,032	6.6	%		7,952,219		7,340,457	8.3	%
Interest-bearing deposits**		29,118,925		28,790,160		28,166,662		27,848,894		27,403,908	6.3	%		28,955,450		27,445,215	5.5	%
Total deposits**		37,067,142		36,746,424		36,116,267		35,414,566		34,857,940	6.3	%		36,907,669		34,785,672	6.1	%
Shareholders’ equity		3,597,112		3,576,492		3,548,566		3,572,805		3,540,078	1.6	%		3,586,859		3,539,233	1.3	%
*       Excludes adjustment for market valuation on available-for-sale securities and certain noninterest-earning marketable equity securities. **     Statement 133 valuation adjustments related to time deposits and other interest-bearing liabilities are included in other liabilities.
BALANCE SHEET INFORMATION ENDING BALANCES	2006				2005						Percent Change Versus Prior Year
	June 30		March 31		December 31		September 30		June 30
Loans net of unearned income	$	37,454,093	$	36,737,948	$	35,897,939	$	34,335,169	$	33,533,382	11.7	%
Total investment securities		11,389,462		11,394,687		11,669,483		11,855,712		12,245,731	(7.0	%)
Interest-earning assets		49,372,999		48,491,173		48,072,394		46,779,359		46,191,133	6.9	%
Total assets		53,929,814		52,858,162		52,607,110		51,105,385		50,546,831	6.7	%
Noninterest-bearing deposits		8,188,068		8,291,134		8,233,137		8,022,022		7,687,525	6.5	%
Interest-bearing deposits		29,249,432		28,828,184		28,115,245		27,658,103		27,626,183	5.9	%
Total deposits		37,437,500		37,119,318		36,348,382		35,680,125		35,313,708	6.0	%
Shareholders’ equity		3,579,061		3,617,742		3,634,577		3,577,455		3,638,225	(1.6	%)

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AmSouth Bancorporation

SUMMARY FINANCIAL INFORMATION

($ in thousands)

	2006						2005
NONPERFORMING ASSETS	June 30			March 31			December 31			September 30			June 30
Nonaccrual loans*	$	94,892		$	84,150		$	102,981		$	80,421		$	70,421
Foreclosed properties		12,684			14,566			17,667			15,853			17,791
Repossessions		1,833			1,599			2,274			1,869			1,755
Total nonperforming assets*	$	109,409		$	100,315		$	122,922		$	98,143		$	89,967
Nonperforming assets to loans net of unearned income, foreclosed properties and repossessions		0.29	%		0.27	%		0.34	%		0.29	%		0.27	%
Accruing loans 90 days past due	$	43,542		$	49,208		$	54,005		$	52,404		$	49,185

* Exclusive of accruing loans 90 days past due

	2006						2005
ALLOWANCE FOR LOAN AND LEASE LOSSES	2nd Quarter			1st Quarter			4th Quarter			3rd Quarter			2nd Quarter
Balance at beginning of period	$	352,242		$	366,695		$	384,647		$	365,626		$	366,836
Loans charged off		(25,926	)		(50,571	)		(47,314	)		(23,926	)		(27,170	)
Recoveries of loans previously charged off		8,776			8,818			8,512			8,147			9,528
Net Charge-offs		(17,150	)		(41,753	)		(38,802	)		(15,779	)		(17,642	)
Addition to allowance charged to expense		24,000			27,300			20,850			34,800			17,700
Reduction of allowance related to sold loans		-0-			-0-			-0-			-0-			(1,268	)
Balance at end of period	$	359,092		$	352,242		$	366,695		$	384,647		$	365,626
Allowance for loan and lease losses to loans net of unearned income		0.96	%		0.96	%		1.02	%		1.12	%		1.09	%
Net charge-offs to average loans net of unearned income *		0.19	%		0.47	%		0.44	%		0.19	%		0.21	%
Allowance for loan and lease losses to nonperforming loans**		378.42	%		418.59	%		356.08	%		478.29	%		519.20	%
Allowance for loan and lease losses to nonperforming assets**		328.21	%		351.14	%		298.32	%		391.93	%		406.40	%

* Annualized

** Exclusive of accruing loans 90 days past due

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