Compass Bancshares Completes Acquisition of Fort Worth-Based TexasBanc Holding Co.; Combination creates the fifth largest bank in Texas; #4 ranking in deposit market share in Metroplex

The combined companies will have total deposits of approximately$22 billion, of which $9.5 billion, or more than 43 percent, will belocated in Texas. In addition, Compass will operate 163 bankingcenters in the Lone Star state including 69 in Dallas/Fort Worth, 42in Houston, 23 in San Antonio, 22 in Austin and seven in CentralTexas. With total assets of $32.6 billion, Compass will rank as the28th largest U.S. bank holding company, with operations in Texas, NewMexico, Florida, Colorado, Arizona and Alabama.

"The addition of TexasBank further demonstrates our commitment tobuild long-term value for our shareholders through continuedinvestment in high-growth markets that enhance our future growthcapabilities and that make financial sense," said D. Paul Jones, Jr.,Compass' chairman and chief executive officer. "TexasBank is awell-run company that has experienced outstanding profitable growthand is well respected in the Texas market place as an organizationthat provides its customers with a high-level of personal service."

"We are very pleased to welcome TexasBank, its customers,employees and shareholders to the Compass family," Jones stated. "I amespecially pleased that Vernon Bryant will be leading our combinedcorporate business in the Fort Worth market. Vernon is awell-respected leader who shares our passion for providing exceptionalcustomer service, improving our communities, providing employees witha rewarding work environment and building long-term value for ourshareholders."

TexasBank president and chief executive officer Vernon Bryantadded, "We are delighted to be joining an outstanding organization. Inaddition to the natural synergies that this combination offers,Compass and TexasBank share the same philosophy of deliveringoutstanding personal service. The combination created by our twocompanies will allow us to better serve our individual and businesscustomers throughout Fort Worth and the Metroplex by providingincreased branch convenience, as well as access to a broader array offinancial products and services."

Compass Bancshares, Inc. is a Southwestern financial holdingcompany which operates 408 full-service banking centers including 163in Texas, 90 in Alabama, 71 in Arizona, 42 in Florida, 32 in Coloradoand 10 in New Mexico. Compass is among the top 30 U.S. bank holdingcompanies by asset size and ranks among the top earners of its sizebased on return on equity. Shares of Compass' common stock are tradedthrough the Nasdaq stock market under the symbol CBSS. Additionalinformation about Compass, a member of the S&P 500 Index and Dow JonesSelect Dividend Index, can be found at www.compassbank.com.

"Safe Harbor" Statement under the Private Securities LitigationReform Act of 1995

In accordance with the safe harbor provisions of the PrivateSecurities Litigation Reform Act of 1995, Compass Bancshares, Inc.notes that any statements in this press release, and elsewhere, thatare not historical facts are "forward-looking statements" that involverisks and uncertainties that may cause the Company's actual results ofoperations to differ materially from expected results. For adiscussion of such risks and uncertainties, see the Company's AnnualReport on Form 10-K for the most recently ended fiscal year as well asits other filings with the U.S. Securities and Exchange Commission.