COLUMBUS, Ohio, June 17 /PRNewswire/ -- Donald A. Winkler, Chairman and
Chief Executive Officer of Finance One Corporation, the consumer finance
company owned by BANC ONE CORPORATION, announced today the following
management changes within three of Finance One's business units:
At Banc One Mortgage Corporation, Donald K. Erling, currently President of
BOMC, will become its Chairman and CEO effective July 1st. Also on that date,
Brad Conner, currently the company's Chief Financial Officer, will become Banc
One Mortgage Corporation's President and Chief Operating Officer.
Also on July 1st, Erling will assume responsibility for the Brokered Home
Equity and Home Improvement business units within Finance One's Consumer
Financial Services Division. In this regard, he will report to Steve Alonso,
President of the Consumer Financial Services Division.
"In addition to the initiatives taken by Don Erling in the mortgage
business, Finance One continues to have a number of business integration
needs," said Alonso. He added, "Don will be the strategic business
integration leader for the Division's Brokered Home Equity and Home
Improvement business units. The integration of these businesses will create
significant opportunities for us to expand our market position in the home
lending arena."
Erling will remain in Indianapolis, Indiana when he assumes these new
responsibilities.
Finance One Corporation is a subsidiary of BANC ONE CORPORATION
headquartered in Columbus, Ohio, and manages assets of approximately $28
billion. It is one of the largest finance companies in the United States and
has eight business units engaged in consumer, indirect, commercial and
mortgage lending markets.
BANC ONE CORPORATION (NYSE: ONE) had managed total assets of
$146.7 billion, total assets of $116.3 billion and common equity of
$10.4 billion at March 31, 1998. BANC ONE operates over 1,300 banking centers
in 12 states, and also owns several additional corporations that engage in a
full range of financial services. Information about BANC ONE's financial
results and its products and services can be accessed on the Internet at:
http://www.bankone.com; through InvestQuest at http://www.investquest.com; or
through Fax-on-demand at: 614-844-3860.
SOURCE BANC ONE CORPORATION
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Related links:
http://www.bankone.com
Company News On-Call: http://www.prnewswire.com or
fax, 800-758-5804, ext. 084675
CONTACT:
P. Michael Mc Dermott of Banc One,
614-213-5325
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