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Union Planters Corp

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BUSINESS
March 9, 1996 | From Bloomberg Business News
Union Planters Corp. agreed Friday to acquire Leader Financial Corp. for $523 million in stock, a deal that would combine two Memphis-based financial institutions into the state's largest bank. The acquisition would extend a wave of consolidation in the banking industry and could be a prelude to further buyouts of Southeast banks, analysts said. "The region is ripe for more of this type of in-market merger," said John Coffey, an analyst with Robinson-Humphrey.
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BUSINESS
February 24, 1998 | Reuters
The stock of Midwestern bank company Magna Group jumped more than 20% after the company said it agreed to be acquired by Union Planters Corp. in a deal valued at $2.3 billion. The deal would create one of the largest regional bank holding companies in the United States, the companies said. Under terms of the definitive agreement, Memphis-based Union Planters will trade 0.9686 share of its common stock for each share of Brentwood, Mo.-based Magna Group.
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BUSINESS
February 24, 1998 | Reuters
The stock of Midwestern bank company Magna Group jumped more than 20% after the company said it agreed to be acquired by Union Planters Corp. in a deal valued at $2.3 billion. The deal would create one of the largest regional bank holding companies in the United States, the companies said. Under terms of the definitive agreement, Memphis-based Union Planters will trade 0.9686 share of its common stock for each share of Brentwood, Mo.-based Magna Group.
BUSINESS
March 9, 1996 | From Bloomberg Business News
Union Planters Corp. agreed Friday to acquire Leader Financial Corp. for $523 million in stock, a deal that would combine two Memphis-based financial institutions into the state's largest bank. The acquisition would extend a wave of consolidation in the banking industry and could be a prelude to further buyouts of Southeast banks, analysts said. "The region is ripe for more of this type of in-market merger," said John Coffey, an analyst with Robinson-Humphrey.
BUSINESS
March 31, 1998
* San Rafael-based Children's Discovery Centers of America Inc. said it agreed to be acquired by closely held Knowledge Universe for as much as $99.1 million in cash, as Knowledge Universe expands its educational services to children from infancy through eighth grade. * San Francisco-based California Federal Bank said that it had signed an agreement to sell its Florida bank franchise to the Florida unit of Union Planters Corp. for $110 million.
BUSINESS
September 9, 1998 | Reuters
The Justice Department said it cleared the $29-billion merger of Banc One Corp. with First Chicago NBD Corp. after the banks agreed to divest 39 branch offices in Indiana with total deposits of nearly $1.5 billion. The banks also offered to sell some middle-market commercial loan operations in Indiana, the Justice Department's antitrust division said. Union Planters Corp. agreed to acquire the assets in a deal expected to be completed in the first quarter of 1999.
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