COLUMBUS, Ohio, May 20 /PRNewswire/ -- BANC ONE CORPORATION (NYSE: ONE)
reported today that it has completed the charter and systems consolidation
of 17 affiliate banks in the state of Ohio. This new single charter
organization will be known statewide as Bank One, NA and is headquartered in
Columbus, Ohio.
"Single statewide charters provide customers with full service access and
streamline operations within each state," explained Frederick L. Cullen,
Chairman, President and Chief Executive Officer of Bank One, NA. "As a result
of the BANC ONE charter consolidation, BANC ONE's 17 banks in Ohio have
legally become one bank, permitting customers to easily complete banking
transactions at nearly 400 banking centers throughout the state," Cullen
added. Ohio was the final state within BANC ONE's organization to complete
state charter and systems consolidation.
Bank One, NA, with assets of approximately $23 billion, is an affiliate of
BANC ONE CORPORATION which had assets of $101.6 billion and common equity of
$8.2 billion at March 31, 1997. BANC ONE now operates 1,502 banking 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:
John A. Russell, 614-248-5989, or Johanna
White, 614-248-5481, both of Banc One Corporation
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