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|Subject: John Woods, AmSouth executive|
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Date Posted: November 13, 2002 7:30:04 EDT
John Woods, a former AmSouth Bancorp. executive who helped transform Birmingham into a financial hub, died Monday after an illness. He was 71.
Woods served as the bank's chief executive officer from 1972 to 1995.
AmSouth grew from $800 million to $18 billion in assets during that period, when Alabama law allowed banks to acquire out-of-state banks. Woods bought dozens, and Birmingham grew from a steel manufacturing city into the nation's fourth-largest banking center.
Four of Alabama's banking companies now rank among the nation's top 50, and 57,000 Alabamians work in the banking industry.
AmSouth is part of the Standard & Poor's 500 stock index, operates in six states, employs 11,900 people and has $40 billion in assets.
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