|For immediate release|
|The Federal Reserve Board on Wednesday announced its approval of the applications
under section 3 of the Bank Holding Company Act, the Bank Merger Act, and
section 9 of the Federal Reserve Act for SouthTrust Corporation, Birmingham,
Alabama, to merge with Founders Bancshares, and thereby indirectly acquire
its subsidiaries, including Founders Bank, all in Dallas, Texas.
Attached is the Board's Order relating to this action.
2003 Orders on banking applications