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Article: Union Planters Bank Completes Acquisition of Ready State Bank.
- Article from:
- Business Wire
- Article date:
- January 22, 1999
CopyrightCOPYRIGHT 1999 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)--Jan. 22, 1999--Union Planters Bank announced it has completed the acquisition of Miami-based Ready State Bank.
Union Planters has acquired Ready State's 10 Dade and two Broward branches and approximately $600 million in assets. The acquisition is expected to strengthen Union Planters' presence in the Hispanic and commercial real estate lending markets in Florida.
"We are working diligently to become South Florida's Bank of Choice, and this acquisition will undoubtedly help us achieve our goal," said Adolfo Henriques, president and chief executive officer of Union Planters Bank in Florida. "This new partnership greatly increases ...