Union Planters Corp. president Jackson W. Moore said the Memphis bank's deal for some of First Chicago NBD's Indianapolis holdings is a "logical extension" of its expansion strategy.

"We are and continue to be a community bank organization," said Mr. Moore, who is also chief operating officer, "but one of the things we wanted to do was expand our franchise into larger, higher-growth markets." "This is a very logical extension of the type of markets, communities, and geography that we have grown through," he said.

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