FED APPROVES AMSOUTH <ASO> AFFILIATION AmSouth Corp said the Federal Reserve Board approved the affiliation of First Tuskaloosa Corp with Amsouth. The approval was the final regulatory step in the affiliation process which began in August, Amsouth said. Under terms of the affiliation, each First Tuskaloosa shareholder will receive 66 dlrs value of AmSouth stock for each share held. The total consideration is valued at 105.6 mln dlrs.