COLUMBUS, Ohio, March 26 /PRNewswire/ -- Banc One Capital Corporation
(NYSE: ONE), Columbus, Ohio and ORIX USA Corporation, New York, have formed a
joint venture to be called Banc One Mortgage Capital Markets.  The new joint
venture will create a state of the art company that will originate, sell,
service and special service commercial real estate loans.  The company will
also be an active investor in distressed assets and non-investment grade CMBS
(commercial mortgage backed securities) and provide due diligence and funds
management services for third-party investors.  Certain elements of Banc One
Management and Consulting Corporation, a nationally recognized commercial loan
servicer, Banc One Commercial Loan Origination Corporation and ORIX's Mortgage
Capital Markets Group will become part of the joint venture.
    William E. Roberts, Vice Chairman of Banc One Capital Corporation, said,
"This new joint venture will enable us to significantly enhance our
profitability by growing the business through acquisitions as the domestic
commercial mortgage services industry consolidates."  Banc One Mortgage
Capital Markets will be a fully integrated commercial mortgage lender.
    Akira Seko, President and Chief Executive Officer of ORIX USA Corporation,
said, "This is an exciting opportunity to expand our specialized financing
capabilities in the United States."  ORIX USA Corporation is a broadly
diversified financial services company with activities ranging from asset-
based loans and equipment leases to general corporate finance and real estate
financing.  ORIX USA Corporation is a subsidiary of ORIX Corporation of Tokyo,
Japan, which is a publicly-owned financial services company with operations in
over 25 countries worldwide and assets in excess of $45 billion.
    Banc One Corporation had assets of $101.8 billion and common equity of
$8.4 billion at December 31, 1996, and operates 1,502 banking offices.  Banc
One also owns several additional corporations that engage in credit card and
merchant processing, consumer and education finance, mortgage banking,
insurance, trust and investment management, brokerage, investment and merchant
banking, venture capital, equipment leasing and data processing.
    Information about Banc One's fourth quarter and full year 1996 financial
results and its products and services can be accessed on the Internet through
Banc One's home page at:  http://www.bankone.com, through InvestQuest (TM) at
http://www.investquest.com and InvestQuest (TM) Fax-on-demand:  614-844-3860.
Banc One Management and Consulting Corporation's home page is at:
http://www.bomcc.com.

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