Deposit Guaranty Corp. of Jackson, Miss., is reportedly fielding bids to sell out, and merger advisers think Regions Financial Corp. and Union Planters Corp. are the most likely buyers.

"Regions talked to Deposit about a year and a half ago. The timing just wasn't right, but there is still a lot of good chemistry between those companies," said Barry P. Taff, a partner in Silver, Freedman & Taff, a Washington law firm.

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