Coastal Bancorp CEO Manny Mehos to Appear on Corporate Strategies with Tim Connolly" Sunday, December 7 at 9:10PM ET Hibernia National Bank to Buy Coastal Bancorp for $230 Million

Hibernia National Bank (NYSE:HIB) announced this week a definitive agreement to buy Coastal Bancorp for $230 million in cash.

Coastal Bancorp (NASDAQ: CBSA) CEO Manny Mehos will appear on Corporate Strategies with Tim Connolly" Sunday, December 7th at 9:10pm ET. Hibernia National Bank (NYSE:HIB) announced this week a definitive agreement to buy Coastal Bancorp for $230 million in cash. The transaction is subject to Coastal shareholder approval and is projected to be completed in the second quarter of 2004. Listeners may call in questions live and toll free to Manny Mehos or Tim Connolly or at 1-877-266-7469. The show may also be heard on over 350 affiliate stations nationwide, or on the Internet at www.businesstalkradio.net. This hour of Corporate Strategies with Tim Connolly" is hosted by Tim Connolly of Corporate Strategies Merchant Bankers (www.corporate-strategies.net). Noted Economist Mike King of Princeton Research provides live technical analysis for the show.

About Coastal Bancorp. The Bank is a Texas-chartered, federally insured state savings bank and operates through 43 branch offices in metropolitan Houston, Austin, Corpus Christi, the Rio Grande Valley and small cities in the southeast quadrant of Texas.

About Hibernia. Hibernia, a Forbes 500 company, was founded in 1870. It has $17.6 billion in assets and 256 locations in 34 Louisiana parishes and 17 Texas counties. Following the merger, Hibernia would exceed $20 billion in assets and have 300 locations in 34 Louisiana parishes and 35 Texas counties. Hibernia Corporation's common stock (HIB) is listed on the New York Stock Exchange.

Corporate Strategies with Tim Connolly" is live talk radio...with the Titans of Business who move financial markets! The show is hosted by Tim Connolly, CEO of Merchant Banker Corporate Strategies, Inc. The Executive Producer of the show is broadcast news veteran Jan Carson, an award winning journalist with more than 20 years experience as a top rated television news anchor and reporter for NBC, ABC and CBS network affiliates. Corporate Strategies with Tim Connolly" features financial experts from across the nation providing the latest intelligence on equities, income investments, and a variety of risk, equity and option strategies. Recent guests have included former SEC Chairman Arthur Levitt, Investor and Money Manager Mario Gabelli, Tilman Fertitta, Chairman, President & CEO of Landry's Restaurants, Inc., Motley Fools Bill Mann, former Compaq CEO Eckard Pfeiffer, Money Manager Louis Navellier, and many others.