ATLANTA, Dec. 19 /PRNewswire/ -- Banc One Credit Company, a subsidiary of
BANC ONE CORPORATION (NYSE: ONE) is announcing an official name change for its
Atlanta Dealer Services branch office. Formerly known as Valley National
Financial Services Company, the branch is now operating under its new name
Banc One Credit Company/Dealer Financial Services.
Banc One Credit Company's Atlanta staff of 70 has also moved to a new
location, occupying 22,500 square feet at Two TownPark Commons, in Kennesaw,
Georgia. Banc One Credit Company's Atlanta office has been servicing the area
since 1993, when it began as a full service branch, offering the booking and
funding of new and used vehicles, Custom Finance lending, and other dealer
services. The office services dealerships in the Atlanta market, east
Tennessee markets, as well as area of North Carolina and South Carolina.
"The name change is consistent with Banc One Credit Company's vision to
become the premier indirect financial services provider," said John P. Abadie,
President of Banc One Credit Company. "The new name and structure of Banc One
Credit Company will help to ensure uniformity and high quality of service when
serving our customers," he added.
Banc One Credit Company, with headquarters in Phoenix, Arizona, is a
national provider of indirect automotive and specialty products financing. As
a national line of business, Banc One Credit Company (BOCC) was formed in 1996
from the indirect lending units of 26 BANC ONE affiliates nationwide. Banc
One Credit operates in 29 states with 31 locations and employs approximately
2,400 people. Banc One Credit's products include new and pre-owned auto loans
and leases, Custom Financing, Floorplan, Insurance-related products, and
credit card-related products. The company services automobile, marine,
recreational vehicle and aircraft dealerships.
Banc One Credit Company is an affiliate of BANC ONE CORPORATION which had
total managed assets of $142.9 billion, total assets of $113.1 billion and
common equity of $9.9 billion at September 30, 1997. BANC ONE operates more
than 1,200 banking centers in 12 states. BANC ONE 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 Bank One
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Related links:
http://www.bankone.com
CONTACT:
Lori Toole, 770-794-2501, , or Joel Reimer
614-248-3028, both of Banc One Credit, or Johanna White, of BANC
ONE CORP 614-248-5481
CNOC: http://www.prnewswire.com or fax, 800-758-5804, ext.
084675
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