Union Planters Corp. has a deal that would expand its branch network in southeastern Missouri.

The Memphis company said Thursday that it had signed a definitive agreement to buy St. Louis-based Financial Bancshares for $36.6 million in stock, or 1.52 times book value.

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.