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Article: Union Planters Bank and Republic Banking Corporation of Florida Reach Agreement.
- Article from:
- Business Wire
- Article date:
- February 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)--Feb. 22, 1999--Union Planters Bank, N.A. (NYSE:UPC) and Republic Banking Corporation of Florida (Nasdaq:RBCF), the parent company of Republic National Bank of Miami, announced today an agreement to merge. Union Planters will acquire Republic National Bank's 25 Miami-Dade and two Broward County banking centers and approximately $1.6 billion in assets. The merged banks will position Union Planters as the third largest bank in Miami-Dade County and sixth largest in Florida, with combined assets of $5.5 billion and 100 banking centers.
"Republic has a rich, unparalleled tradition of providing individualized solutions to their customers' ...