Union Planters Corp. has lost about 12% of its St. Louis deposits, most of which it got in the 1998 acquisition of Magna Group Inc., according to company figures.

The Memphis-based company, which established itself as a major player in St. Louis when it bought Magna in July 1998, currently has about $2.7 billion of deposits in the market. At yearend 1998 it had almost $3.1 billion there.

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