SNL Financial Provides Additional Data on RF's $6 Billion Bid for UPC

CHARLOTTESVILLE, VA. — SNL Financial has released a new table of the twenty-five largest U.S. banks reflecting Region Financial Corporation's (RF) announcement today that it will acquire Union Planters Corporation (UPC) for a reported $6 billion.

SNL Financial's Director of M&A, Mike Scott, noted "Region's and Union Planter's branch footprint complement each other in the Mid-South region, but also extending up to the Midwest and into Texas and Florida.

The business mix is also complementary, bringing together traditional retail banking with the Morgan Keegan asset management and brokerage operations, but also including a nice insurance network as well.

UPC's asset quality may still be an issue, but the company has taken strides to improve their balance sheet." According to SNL data, net charge-offs to average loans for 2003 was 0.89%, bringing the non-performing assets to assets ratio from 1.00% in 2002 to 0.82% this year, which is "still high compared to UPC's peers," according to Scott.

Please see the attached documents for additional deal-related analysis and data including comparable deal metrics for recent deals of similar size, comprehensive deposit market share data, a branch marketshare map, and a complete table of the twenty-five largest U.S. banks, or contact Mike Scott, Director of M&A, at 434-951-7632 or email mscott@snl.com.

This data has been provided by SNL Financial, the leading independent information providers for the bank and thrift industries.

About SNL Financial

SNL collects, standardizes and disseminates all relevant corporate, financial, market, and M&A data — plus news and analysis — for the Banking, Financial Services, Insurance, Real Estate, Energy and Media & Communications industries. For more information, visit www.SNL.com.