COLUMBUS, Ohio, July 1 /PRNewswire/ -- BANC ONE CORPORATION, (NYSE: ONE)
Alan M. Harrington has joined Banc One Insurance Services Corporation as
Senior Vice President, it was announced by Glen Milesko, President of Banc One
Insurance Services Corporation.
Harrington, 43, will be responsible for researching, developing and
implementing new products and programs for the life insurance and investment
life businesses. He will have additional responsibilities in strategic
planning an development of new distribution systems. In addition, he will
provide leadership to the line organization for achieving high levels of
teamwork and customer service.
Prior to joining Banc One Insurance, Harrington was Senior Vice President
of Time Insurance Company, where he led the team which conceived, pioneered
and successfully instituted the company's managed care strategy, and managed
provider-payor ventures and relationship on a national basis. Harrington also
spent eight years with Aegon USA, Inc., a top 10 ranked life and health
insurance holding company, where he was Associate General Counsel.
"Harrington's extensive insurance regulatory, legal and business
experience make him a key addition to our senior management team," said
Milesko, Chairman of Banc One Insurance Group. "His initial assignment is to
lead our life insurance and annuity business to a significantly higher level
of accomplishment."
Banc One Insurance Services Corporation, which is a subsidiary of BANC
ONE CORPORATION, provides an array of insurance products, including credit
insurance, annuities and life insurance to BANC ONE customers.
BANC ONE CORPORATION had assets of $101.1 billion and common equity of
$8.2 billion at March 31, 1997. BANC ONE now operates 1,502 offices
nationwide. BANC ONE owns First USA, INc., a financial services company
specializing in the credit card business and is currently the third largest
among domestic Visa and MasterCard issuers. BANC ONE also owns several
additional corporations that engage in 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: 614-644-3860
SOURCE BANC ONE CORPORATION
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CONTACT:
Glen Milesko, 414-765-3348, or Johanna White,
614-248-5481, both of BANC ONE CORPORATION
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