Articles > Popular publications > PR Newswire press releases > January-March 1996 > Friday, March 8

Article: UNION PLANTERS TO ACQUIRE LEADER FINANCIAL CORPORATION

Article from:
PR Newswire
Article date:
March 8, 1996
Copyright

MEMPHIS, Tenn., March 8 /PRNewswire/ -- 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 ...

Read all of this article with a FREE trial

Related newspaper, magazine, and journal articles:

Article: More analysts warming to Union Planters deal for ...
American Banker;  August 29, 1996 ;     700+ words ... ... early on about the Union Planters Corp. Leader Financial Corp. merger are ... strong buy" rating on Union Planters, explained that Leader Financial's strong hand in ... country." Yet, after Union Planters announced the deal ...

Article: Shareholders approve sale of Leader Financial to ...
Business Wire;  September 26, 1996 ;     700+ words ... ... acquisition of Leader Financial by Union Planters. The affiliation ... early October. Leader Financial Corp. investors ... 525 shares of Union Planters Corp. common ... share of their Leader Financial common shares ...

Article: Union Planters target has risky but lucrative loan ...
American Banker;  March 19, 1996 ;     700+ words ...The deal Union Planters Corp. struck this ... risky niche business. Leader Financial Corp., a thrift company ... actually topped Union Planters' - 1.24% and 15 ... from third parties. Union Planters' chief financial officer ...

Article: Union Planters in $523M deal; would become No. 1 in ...
American Banker;  March 11, 1996 ;     700+ words ...Union Planters Corp. said Friday ... thrift competitor, Leader Financial Corp. The stock deal ... 3 billion-asset Union Planters' position in the Memphis ... company in the state. Union Planters officials said the ...

Article: UNION PLANTERS TO ACQUIRE LEADER FEDERAL.
Business Wire;  March 8, 1996 ;     700+ words ... ... the agreement, Leader Financial will grant to Union Planters an option to acquire ... combination of Union Planters and Leader Financial gives us the additional ... and heritage of Union Planters and Leader Financial join forces to ...

Article: Union Planters Buying Mississippi's Magna Bancorp ...
Knight Ridder/Tribune Business News;  May 8, 1997 ;     700+ words ... ... mortgage loans, which will be combined with Union Planters. Union Planters Mortgage's servicing portfolio exceeds $10 billion. Last year, Union Planters acquired Leader Financial Corp., parent of Leader Federal Bank ...

Article: Union Planters CEO Quietly Building an Empire.
American Banker;  April 3, 1998 ;     700+ words ... ... internal, organic growth. "Union Planters is perfectly happy to ... community banks. So if Union Planters is to grow, it has to ... it acquired. And when Union Planters closed its purchase of Leader Financial Corp. on a Friday in ...

Article: Corporate Profile for Union Planters, dated March ...
Business Wire;  March 15, 1996 ;     700+ words ... ... Kentucky and Arkansas. Union Planters also holds an exclusive ... Feb. 29, 1996, Union Planters was ranked third ... Southern U.S. -- Union Planters recently announced plans to acquire Leader Financial Corp., the $3 ...

 
 
Newsweek Harper's Magazine The Washington Post Chicago Tribune Crain's Chicago Business PRNewswire Pediatric News The Nation Advertising Age The Economist (US) A FREE trial gives you access to over 80 million articles! Access over 6,500 publications with a FREE trial!

Find articles, research, and archives