Hibernia Introduces Free Coin-Counting Machine Service for Consumers; Also Available to Businesses and Non-Customers

NEW ORLEANS--()--Jan. 27, 2004--Hibernia National Bank (NYSE:HIB) today announced a solution to the tedious task of rolling accumulated loose change before taking it to the bank. The bank has installed coin-counting machines in 22 branches throughout Louisiana.

"Our coin-counting machine makes it easy for customers to bring their jars full of coins to the bank to have them counted," said Kyle Waters, Chief Consumer and Business Banking Officer for Louisiana. "The machine counts coins quickly, then issues a receipt that the customer takes to a teller for deposit or payment.

"The best part is that it's free to Hibernia's retail customers," he said. Waters noted that business customers and customers of other banks are welcome to use the service by paying a 10 percent fee.

Waters said Hibernia encourages parents and children to bring in their coins, have the machine sort them and then open a savings account for each child. "It's an interactive process that helps children learn the real value of their pennies, dimes and nickels, while also teaching them the importance of saving money," he said.

Hibernia installed the coin-counting machines in branches in Baton Rouge, Chalmette, Covington, Gonzales, Gretna, Harahan, Houma, Kenner, Lake Charles, LaPlace, Mandeville, Marrero, Metairie, New Orleans, Shreveport, Slidell and Thibodaux.

Hibernia, a Forbes 500 company, has $18.6 billion in assets and 259 locations in 34 Louisiana parishes and 18 Texas counties. With final approvals and successful completion of a merger with Coastal Bancorp, Inc., Hibernia's assets would exceed $20 billion, and the company would have more than 300 locations in 34 Louisiana parishes and 33 Texas counties. Hibernia Corporation's common stock (HIB) is listed on the New York Stock Exchange.

Editor's Note: A list of all Hibernia Louisiana locations with the new
coin-counting machines follows:

Baton Rouge    440 Third St.
               4646 S. Sherwood Forest Blvd.
Chalmette      8117 W. Judge Perez Drive
Covington      830 Highway 190 North
Gonzales       1312 S. Burnside
Gretna         #2 Westside Shopping Center
Harahan        5400 Mounes St.
Houma          1047 W. Tunnel Blvd.
Kenner         1000 W. Esplanade Ave.
Lake Charles   One Lakeshore Drive
LaPlace        1200 W. Airline Highway
Mandeville     3840 Emerald Road (Highway. 22)
Marrero        1867 Barataria Blvd.
Metairie       3050 Severn Ave.
               4949 W. Esplanade Ave.
New Orleans    2141 Caton St.
               301 Carondelet St.
               3540 St. Charles Ave.
               4121 Canal St.
Shreveport     9181 Mansfield Road
Slidell        333 Gause Blvd.
Thibodaux      203 W. Second

Contacts

Hibernia National Bank, New Orleans
Media Inquiries:
Ian McNulty, 504-533-2890
http://www.hibernia.com

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Contacts

Hibernia National Bank, New Orleans
Media Inquiries:
Ian McNulty, 504-533-2890
http://www.hibernia.com