COLUMBUS, Ohio, May 14 /PRNewswire/ -- BANC ONE CORPORATION (NYSE: ONE),
Columbus, Ohio, and BP announced today that they have entered into an
agreement for BANC ONE to install automated teller machines (ATMs) in all BP
Express convenience stores in Ohio, Pennsylvania and Kentucky.
"ATMs are ideally suited to a convenience store environment such as BP
Express," said Barney Shirreffs, Manager of Co-branded Development for BP.
"We chose BANC ONE because of its expertise in ATM management and its brand
equity."
The arrangement with BANC ONE will consolidate all BP-hosted ATMs under
one brand in the Midwest. By yearend, nearly 200 Bank One ATMs will be up and
running throughout the BP Express network.
Charles W. Held, Sales Manager for Banc One's National Retail Distribution
Group, said, "Our objective is to assist retailers on a national and regional
level by significantly increasing the number of locations where consumers can
access cash." BANC ONE currently has plans to install approximately 6,000
automated teller machines in retail locations throughout the United States in
1997.
BP Oil's marketing unit, headquartered in Cleveland, Ohio, operates a
retail network of more than 7,500 service stations primarily in the Midwest
and Southeastern United States.
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
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CONTACT: Linda G. McCrae of BP, 216-586-8927, or John A. Russell of BANC ONE, 614-248-5989
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