Union Planters Corp. of Memphis is seen likely to win the bidding for 52 Indiana branches that Banc One Corp. will divest to complete its planned merger with First Chicago NBD Corp.

The Indianapolis Star, citing anonymous sources, reported Wednesday that Union Planters would win the branches, $1.7 billion of deposits in the state, and $820 million of loans. About half the deposits are in Indianapolis.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

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