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FOR IMMEDIATE RELEASE

Arkansas Based First Security Bancorp to Acquire First National Bank of Springdale from First Tennessee

Springdale, AR, October 8, 2003 – First Security Bancorp announced today that it has entered into a definitive agreement with First Tennessee National Corporation (NYSE:FTN) to acquire substantially all of the assets of First Tennessee’s wholly owned subsidiary, First National Bank of Springdale, Springdale, Arkansas. The proposed transaction will combine $330 million in First National Bank assets with First Security’s $1.5 billion in assets, subject to receipt of all necessary approvals, to create Arkansas’ third largest state-based bank holding company with assets in excess of $1.8 billion and 44 community banking centers.

The sale includes four-branch offices and 9 ATMs in Springdale. With the appropriate regulatory approvals, the transaction is expected to close in December 2003.

The acquisition will increase First Security Bank’s presence in Springdale, where it currently has a new state of the art banking center on West Sunset, and will provide further convenience to it’s growing Northwest Arkansas customer base. First Security will move to the number one deposit market share position in Springdale and second in the Fayetteville-Springdale-Rogers MSA, served through its new combined network of 13 banking centers and 25 ATMs.

Following completion of the acquisition, First National Bank of Springdale will become part of the First Security Bank of Northwest Arkansas, a division of First Security Bank based in Searcy, Arkansas. Jerry Reinert, currently President and Chief Executive Officer of First National Bank of Springdale, will continue as Chief Executive Officer in Springdale. Mike McFarland, currently President of First Security Bank in Springdale, will continue to serve as President.

Jerry Reinert states, “First National’s customers will continue to see the same friendly faces at all current locations plus the added convenience of First Security Bank’s network of locations in Northwest Arkansas. And First Security shares First National Bank’s commitment to the future of Springdale.”

“ We are excited about this great opportunity to grow in northwest Arkansas,” said Reynie Rutledge, Chairman of First Security Bank. “Our ability to service the banking needs of the residents of Springdale and the surrounding areas will be enhanced by this addition, making us much more convenient to our current and future customers.

First Security Bancorp is a leading Arkansas-based financial services holding company with First Security Bank its principal subsidiary. First Security Bancorp provides investment banking and brokerage through First Security’s Crews & Associates, Inc. More information can be found at www.fsbancorp.com.