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Article: UNION PLANTERS TO ACQUIRE LEADER FEDERAL.
- Article from:
- Business Wire
- Article date:
- March 8, 1996
CopyrightCOPYRIGHT 1996 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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MEMPHIS, Tenn.--(BUSINESS WIRE)--March 8, 1996--Union Planters Corporation (NYSE:UPC), the $11.3 billion asset Memphis-based bank holding company and Leader Financial Corporation (NASDAQ:LFCT), the $3.1 billion asset parent company of Leader Federal Bank announced today they have agreed to merge in a transaction that would create Tennessee's largest bank holding company.
The announcement was made jointly by Benjamin W. Rawlins, Jr., Chairman and CEO of Union Planters and Edgar H. Bailey, Chairman and CEO of Leader Financial. The definitive agreement calls for Union Planters to acquire all of the outstanding stock of Leader Financial in a transaction valued at ...