Banc One Appoints Seitz Senior Credit Policy Officer

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Banc One Appoints Seitz Senior Credit Policy Officer
    COLUMBUS, Ohio, May 6 /PRNewswire/ -- A. William Crowley, Jr., Chief
Credit Officer of BANC ONE CORPORATION, announced that Richard "Rick" Seitz
has been appointed Senior Credit Policy Officer for Wholesale Banking,
effective immediately. He will report to Crowley and be responsible for the
composition and quality of BANC ONE's commercial loan portfolio.  In this
role, he will work with regional and line of business senior credit officers
in BANC ONE, underwriting large exposures.  He will also be responsible for
standardization and consistency of credit policy application, credit
underwriting and portfolio composition throughout BANC ONE CORPORATION.
    Seitz is a 19-year veteran of BANC ONE CORPORATION, starting his career in
1978 at Bank One, Columbus, NA.  While at Bank One, Columbus, he served as
lender, group manager and as head of the Metropolitan Lending Unit.  With the
acquisition of MCorp (now Bank One, Texas, NA), he moved to Dallas as Senior
Credit Officer/Team Leader of Bank One's Credit Approval Unit in the Dallas
area, before accepting an assignment in Banc One Leasing Corporation in July
1995 as Risk Manager responsible for credit approval, portfolio monitoring,
workout and equipment evaluations.  He is married with two daughters and lives
in Dublin, Ohio.
    Crowley said that, "Rick Seitz is the ideal person to fill this critical
role as BANC ONE CORPORATION implements the standardization of the entire
commercial delivery process.  He possesses a wealth of experience in
commercial banking, particularly in large corporate transactions."
    BANC ONE CORPORATION had assets of $101.6 billion and common equity of
$8.2 billion at March 31, 1997.  BANC ONE now operates 1,502 offices in
Arizona, Colorado, Illinois, Indiana, Kentucky, Louisiana, Ohio, Oklahoma,
Texas, Utah, West Virginia and Wisconsin.  BANC ONE also owns several
additional corporations that engage in credit card and merchant processing,
consumer finance, mortgage banking, insurance, venture capital, investment and
merchant banking, trust, brokerage, investment management, equipment leasing
and data processing.  Information about BANC ONE's financial results and its
products and services can be accessed on the Internet at:
http://www.bankone.com and through InvestQuest(TM) at:
http://www.investquest.com or Fax-on-demand:  614-844-3860.
SOURCE Banc One Corporation