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EXHIBIT 23.5
Sandler O'Neill
CONSENT OF SANDLER O'NEILL & PARTNERS, L.P.
We hereby consent to the inclusion of our opinion letter to the Board of
Directors of Jefferson Savings Bancorp, Inc. ("Jefferson") as Appendix C to the
Proxy Statement/Prospectus relating to the proposed merger of Jefferson with and
into Union Planters Corporation ("UPC") contained in UPC's Registration
Statement on Form S-4 as filed with the Securities and Exchange Commission on
December 11, 2000, and to the references to our firm and such opinion in such
Proxy Statement/Prospectus. In giving such consent, we do not admit that we come
within the category of persons whose consent is required under Section 7 of the
Securities and Exchange Commission thereunder ("the Regulations"), nor do we
admit that we are experts with respect to any part of such Registration
Statement within the meaning of the term "experts" as used in the Act or the
Regulations.
/s/ Sandler O'Neill & Partners, L.P.
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December 14, 2000 Sandler O'Neill & Partners, L.P.
