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UNITED STATES SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
October 16, 1998 (October 15, 1998)
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Date of Report (Date of earliest event reported)
UNION PLANTERS CORPORATION
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(Exact name of registrant as specified in charter)
TENNESSEE 1-10160 62-0859007
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(State of incorporation) (Commission (IRS Employer
File Number) Identification No.)
UNION PLANTERS ADMINISTRATIVE CENTER
7130 GOODLETT FARMS PARKWAY
MEMPHIS, TENNESSEE 38018
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(Address of principal executive offices)
Registrant's telephone number, including area code: (901) 580-6000
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Not Applicable
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(Former name or former address, if changed since last report)
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ITEM 5. OTHER EVENTS
SALE OF CREDIT CARD PORTFOLIO
On October 15, 1998, Union Planters Corporation sold a large majority of
the credit card portfolio of Union Planters Bank, N. A. ("UPB") to MBNA Bank
America, N. A. ("MBNA") and also entered into additional agreements to sell to
MBNA a large majority of the credit card portfolios of Union Planters Bank of
Kentucky, N. A. and Magna Bank, N. A. , which on October 9, 1998 was merged with
and into UPB. As part of the sale, MBNA has been appointed the exclusive issuer
of Union Planters' credit cards. As of September 30, 1998, the portfolios being
sold totaled approximately $480 million.
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SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
Union Planters Corporation
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Registrant
Date: October 16, 1998 /s/ John W. Parker
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John W. Parker
Executive Vice President and
Chief Financial Officer
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