EXHIBIT 16 November 19, 1998 Securities and Exchange Commission 450 Fifth Street, N.W. Washington, DC 20549 Gentlemen: We have read Item 4 of the amendment to Form 8-K dated November 19, 1998, of New South Bancshares, Inc. and are in agreement with the statements contained in the (a), (c), (d), (e) and (f) paragraphs on page 1 therein. We have no basis to agree or disagree with other statements of the registrant contained therein. Ernst & Young LLP Birmingham, Alabama