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Article: Union Planters Bank to Acquire Ready State Bank.
- Article from:
- Business Wire
- Article date:
- August 28, 1998
CopyrightCOPYRIGHT 1998 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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MIAMI--(BUSINESS WIRE)--Aug. 28, 1998--Union Planters Bank (NYSE:UPC) and Miami-based Ready State Bank today announced an agreement to merge, a move that strengthens the Union Planters presence in the Hispanic and commercial real estate lending markets in Florida.
Union Planters Bank will acquire Ready State's 10 Dade and 2 Broward branches and approximately $600 million in assets. Union Planters has 28 branches in the South Florida market and total assets in excess of $2 billion. After the acquisitions of Transflorida Bank and the Florida holdings of California Federal Bank are completed later this year, Union Planters Bank's Florida network will increase to ...