COLUMBUS, Ohio, March 6 /PRNewswire/ -- Donald A. Winkler, Chairman and
Chief Executive Officer of Finance One Corporation, announced that Mark
Gresenz has joined Finance One as the Chief Financial Officer of Banc One
Credit Company, its indirect lending business unit, effective immediately. In
his new position, Gresenz will be located in Phoenix, Arizona.
Gresenz is a 33-year veteran of BANC ONE CORPORATION, including 28 years
with Valley National Corporation prior to its acquisition in 1993. For the
past year, Gresenz has had the responsibility for organizing and managing the
finance function for the Bank's Regional Administration business, and for the
integration of finance for new banks acquired by BANC ONE CORPORATION. He had
been its Western Region CFO since 1993 and in 1996 assumed additional
responsibilities as CFO of its Southern Region as well. Prior to entering the
financial services industry in 1964, he had been in the Finance Division of
the Eastman Kodak Company in Rochester, New York.
Gresenz graduated from the University of Wisconsin in Madison in 1962 and
earned his master of business administration degree from Arizona State
University in 1983. He is also a graduate of the School for Bank
Administration and of Bank One College. He is currently a member of the
Financial Executives Institute and was a past president and director of the
Bank Administration Institute-Arizona.
Banc One Credit Company, a business unit of Finance One Corporation, is
one of the largest providers of automotive financing in the United States and
has been in the business of financing new and used cars for over 40 years.
With offices across the country, Banc One Credit Company offers automobile
dealers local service with the lending power of a national organization. It
is responsible for dealer-originated consumer lending, primarily automobile
loans and leases, and for wholesale relationships with dealers, primarily
floor plan finance. It manages $17.6 billion in assets.
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 State and is
a holding company for eight business units engaged in consumer, indirect,
commercial and mortgage lending markets.
BANC ONE CORPORATION (NYSE: ONE) had managed total assets of $147.0
billion, total assets of $115.9 billion and common equity of $10.2 billion at
December 31, 1997. BANC ONE operates more than 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
CONTACT:
P. Michael McDermott, 614-231-5284, or
Johanna White, 614-248-5481, both of BANC ONE
CNOC: http://www.prnewswire.com or fax, 800-758-5804, ext.
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