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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of
the Securities Exchange Act of 1934
April 10, 1995
Date of Report (Date of earliest event reported)
AMSOUTH BANCORPORATION
(Exact name of registrant as specified in its charter)
Delaware 1-7476 63-0591257
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(State or other (Commission (IRS Employer
jurisdiction of File Number) Identification No.)
incorporation)
1400 AmSouth-Sonat Tower
Birmingham, Alabama 35203
(Address, including zip code, of principal executive office)
(205) 320-7151
(Registrant's telephone number,
including area code)
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Item 5. Other Events.
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AmSouth Bancorporation ("AmSouth") is filing this Current Report on Form
8-K to report that on April 10, 1995 it and certain of its subsidiaries executed
an agreement to sell to GE Capital Mortgage Services, Inc. the $6 billion third
party mortgage servicing portfolio held by AmSouth's banking and mortgage
subsidiaries. The portfolio represents approximately 120,000 mortgage loans.
AmSouth currently anticipates a second quarter pre-tax gain from the sale in the
range of $20 - $25 million after deducting costs of the transaction, purchased
mortgage servicing rights and other project-related expenses.
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
AMSOUTH BANCORPORATION
By: /s/ M. List Underwood, Jr.
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M. List Underwood, Jr.
Executive Vice President and
Controller
Date: April 21, 1995
