SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549


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                                    FORM 8-K


                                 CURRENT REPORT


                     Pursuant to Section 13 or 15(d) of the
                         Securities Exchange Act of 1934


        Date of Report (Date of earliest event reported): June 23, 1997


                             SHO-ME FINANCIAL CORP.
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             (Exact name of registrant as specified in its charter)


    Delaware                        0-24084                       43-1676367
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(State or other             (Commission File Number)             (IRS Employer
jurisdiction of                                                  Identification
incorporation)                                                        No.)


109 North Hickory Street, Mount Vernon, Missouri                   65712-1004
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    (Address of principal executive offices)                       (Zip Code)


        Registrant's telephone number, including area code (417) 466-3171


                                       N/A
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         (Former name or former address, if changed since last report.)




Item 5.  Other Events.
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     On June 23, 1997, Sho-Me Financial Corp., a Delaware  Corporation  ("Sho-Me
Financial")  and Union Planters  Corporation,  a Tennessee  Corporation  ("UPC")
issued a joint press release  announcing  the execution of an Agreement and Plan
of Reorganization,  dated as of June 23, 1997, by and between,  Sho-Me Financial
and UPC (the "Merger  Agreement").  The Merger Agreement provides for the merger
of Sho-Me Financial with and into a subsidiary of UPC.

     Under the Merger  Agreement,  Sho-Me  Financial  stockholders  will receive
 .7694 shares of UPC common stock in exchange for each share of Sho-Me  Financial
common stock held.

     Consummation of the Merger is subject to various conditions, including: (i)
approval of the Merger by the stockholders of Sho-Me Financial;(ii)  approval of
the Merger by the appropriate regulatory authorities;  and (iii) satisfaction of
certain other conditions.

     Immediately after the execution of the Merger Agreement,  UPC was issued an
option agreement (the "Stock Option Agreement")  providing an option to purchase
19.9%  of  the  voting  equity  position  of  Sho-Me   Financial  under  certain
conditions.

     The Merger  Agreement,  the Stock Option  Agreement  and the press  release
issued on June 23,  1997  announcing  the Merger are filed as  exhibits  to this
Report.  The  foregoing  discussion  does  not  purport  to be  complete  and is
qualified in its entirety by reference to such exhibits.


Item 7.  Financial Statements and Exhibits
         ---------------------------------

     (i) Exhibits

     The  exhibits  referred  to in  Item 5 of this  Report  and  listed  on the
accompanying Exhibit Index are filed as part of this Report and are incorporated
herein by reference.

Exhibit
Number                                  Description
- ------                                  -----------

   2              Agreement and Plan of Reorganization, dated as of June
                  23, 1997, by and between Sho-Me Financial Corp. and Union
                  Planters Corporation

  10              Stock Option Agreement, dated as of June 23, 1997, by and
                  between Sho-Me Financial Corp. and Union Planters
                  Corporation


  99              Press release


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                                   SIGNATURES


     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.


                                        SHO-ME FINANCIAL CORP.



Date: July 21, 1997                     By: /s/ RAYMOND G. MERRYMAN
                                            -----------------------------
                                            Raymond G. Merryman
                                            President


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