Exhibit 99.2

Union Planters Corporation
Computation of Consolidated Ratio of
Earnings to Fixed Charges
(Dollars in thousands)

		Nine Months		Year Ended		Year Ended		Year Ended		Year Ended		Year Ended
		9/30/03		12/31/02		12/31/01		12/31/00		12/31/99		12/31/98
Including Interest on Deposits
Earnings before income taxes		$	522,283	$	766,911	$	675,419	$	610,616	$	618,832	$	371,922
Add:
Interest expense and amortization of debt issuance costs			344,133		613,683		1,098,119		1,296,538		1,041,401		1,107,148
Portion of operating lease rents representative of the interest factor			10,461		13,381		13,449		12,145		10,975		10,760
Earnings as adjusted		$	876,877	$	1,393,975	$	1,786,987	$	1,919,299	$	1,671,208	$	1,489,830
Fixed charges
	Deposits	$	230,822	$	428,656	$	757,354	$	835,109	$	811,411	$	896,062
	Interest on short-term borrowings		25,085		36,252		176,649		366,753		141,936		79,415
	Interest on FHLB advances and other
Long-term debt			88,226		148,775		164,116		94,676		88,054		131,671
Total interest expense and amortization of debt issuance costs			344,133		613,683		1,098,119		1,296,538		1,041,401		1,107,148
Capitalized interest expense			—		—		—		—		—		—
Portion of operating lease rents representative of the interest factor			10,461		13,381		13,449		12,145		10,975		10,760
Total fixed charges		$	354,594	$	627,064	$	1,111,568	$	1,308,683	$	1,052,376	$	1,117,908
Consolidated ratio of earnings to fixed charges			2.47		2.22		1.61		1.47		1.59		1.33

Exhibit 99.2

Union Planters Corporation
Computation of Consolidated Ratio of
Earnings to Fixed Charges
(Dollars in thousands)

		Nine Months		Year Ended		Year Ended		Year Ended		Year Ended		Year Ended
		9/30/03		12/31/02		12/31/01		12/31/00		12/31/99		12/31/98
Excluding Interest on Deposits
Earnings before income taxes		$	522,283	$	766,911	$	675,419	$	610,616	$	618,832	$	371,922
Add:
Interest expense and amortization of debt issuance costs			113,311		185,027		340,765		461,429		229,990		211,086
Portion of operating lease rents representative of the interest factor			10,461		13,381		13,449		12,145		10,975		10,760
Earnings as adjusted		$	646,055	$	965,319	$	1,029,633	$	1,084,190	$	859,797	$	593,768
Fixed charges
	Deposits	$	—	$	—	$	—	$	—	$	—	$	—
	Interest on short-term borrowings		25,085		36,252		176,649		366,753		141,936		79,415
	Interest on FHLB advances and other
Long-term debt			88,226		148,775		164,116		94,676		88,054		131,671
Total interest expense and amortization of debt issuance costs			113,311		185,027		340,765		461,429		229,990		211,086
Capitalized interest expense			—		—		—		—		—		—
Portion of operating lease rents representative of the interest factor			10,461		13,381		13,449		12,145		10,975		10,760
Total fixed charges		$	123,772	$	198,408	$	354,214	$	473,574	$	240,965	$	221,846
Consolidated ratio of earnings to fixed charges			5.22		4.87		2.91		2.29		3.57		2.68