SouthTrust Announces Stock Split

Apr 18, 2001, 01:00 ET from SouthTrust Corporation

    BIRMINGHAM, Ala., April 18 /PRNewswire/ -- Wallace D. Malone Jr., chairman
 and chief executive officer of SouthTrust Corporation (Nasdaq: SOTR),
 announced today that SouthTrust's Board of Directors declared a two-for-one
 split of common stock of the corporation.  The split is to be effected in the
 form of a 100 percent stock dividend but will be accounted for as a stock
 split.  The additional shares will be distributed May 11, 2001, to
 stockholders of record at the close of business April 30, 2001.
     In conjunction with the stock split, the board also declared a quarterly
 cash dividend of $0.14 per share payable July 2, 2001, to stockholders of
 record at the close of business May 25, 2001.  The dividend, which is payable
 on all outstanding shares after the split, represents a 12-percent increase
 compared to the same quarter last year.
     "SouthTrust just announced record earnings of $129.9 million, or $0.76 per
 diluted share, for the first quarter of 2001, and we continue to demonstrate
 strong growth," Malone said.  "We feel that this stock split supports our
 tradition of building stockholder value by increasing the availability of our
 stock and improving its marketability."
     SouthTrust Corporation (www.southtrust.com ) is a $46 billion regional
 bank holding company with headquarters in Birmingham, Ala. SouthTrust operates
 more than 630 banking offices and 800 ATMs in Alabama, Florida, Georgia,
 Mississippi, North Carolina, South Carolina, Tennessee and Texas.  The company
 offers a complete line of banking and other related financial services to
 commercial and retail customers.  SouthTrust is a Forbes Platinum 400 and
 FORTUNE 500 company that trades on the Nasdaq Stock Market under the symbol
 SOTR and is included in the S&P 500 index.
 
 

SOURCE SouthTrust Corporation
    BIRMINGHAM, Ala., April 18 /PRNewswire/ -- Wallace D. Malone Jr., chairman
 and chief executive officer of SouthTrust Corporation (Nasdaq: SOTR),
 announced today that SouthTrust's Board of Directors declared a two-for-one
 split of common stock of the corporation.  The split is to be effected in the
 form of a 100 percent stock dividend but will be accounted for as a stock
 split.  The additional shares will be distributed May 11, 2001, to
 stockholders of record at the close of business April 30, 2001.
     In conjunction with the stock split, the board also declared a quarterly
 cash dividend of $0.14 per share payable July 2, 2001, to stockholders of
 record at the close of business May 25, 2001.  The dividend, which is payable
 on all outstanding shares after the split, represents a 12-percent increase
 compared to the same quarter last year.
     "SouthTrust just announced record earnings of $129.9 million, or $0.76 per
 diluted share, for the first quarter of 2001, and we continue to demonstrate
 strong growth," Malone said.  "We feel that this stock split supports our
 tradition of building stockholder value by increasing the availability of our
 stock and improving its marketability."
     SouthTrust Corporation (www.southtrust.com ) is a $46 billion regional
 bank holding company with headquarters in Birmingham, Ala. SouthTrust operates
 more than 630 banking offices and 800 ATMs in Alabama, Florida, Georgia,
 Mississippi, North Carolina, South Carolina, Tennessee and Texas.  The company
 offers a complete line of banking and other related financial services to
 commercial and retail customers.  SouthTrust is a Forbes Platinum 400 and
 FORTUNE 500 company that trades on the Nasdaq Stock Market under the symbol
 SOTR and is included in the S&P 500 index.
 
 SOURCE  SouthTrust Corporation