Shares of Deposit Guaranty Corp. jumped $7.375, to $48.25, in heavy trading Friday, amid rumors that the Jackson, Miss., banking company would be bought.

Officials of Deposit Guaranty, which ranks second in deposits in Mississippi behind Trustmark Corp., also of Jackson, declined to comment on the market activity.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.