SouthTrust Reports Management Shuffle

SouthTrust Corp., Birmingham, Ala., has announced several organizational changes at the holding company level and at SouthTrust Bank, the parent company of SouthTrust Mortgage.Julian Banton, chairman and chief executive officer of the bank, will assume the additional roles of president and chief operating officer of SouthTrust Corp. Tom Coley has been named vice chairman of SouthTrust Corp. and elected to the holding company's board of directors. A 14-year veteran of SouthTrust, Mr. Coley's experience has included management positions in mortgage lending and corporate banking, among other areas. Glenn Eubanks, a 19-year veteran of the company, has been named president and COO of the bank and elected to its board, the company said. His previous management roles have included president and chief banking officer of the bank, as well as responsibility for the bank's commercial real estate business unit. Frank Schmidt, who has been with the company for 39 years, has been named vice chairman of the bank and elected a member of its board. SouthTrust can be found on the Internet at http://www.southtrust.com.