Printer Friendly

BANC ONE ANNOUNCES AFFILIATION OF KEY CENTURION AND FIRST COMMUNITY

 COLUMBUS, Ohio, May 3 /PRNewswire/ -- Banc One Corporation (NYSE: ONE), Columbus, Ohio, said that its acquisitions of Key Centurion Bancshares, Inc. (NASDAQ: KEYC), headquartered in Charleston, W.Va., and First Community Bancorp, Inc. (NASDAQ: FRFD), a multi-bank holding company headquartered in Rockford, Ill., were completed effective today. Key Centurion is now Banc One West Virginia Corporation and First Community has joined Banc One Illinois Corporation as Bank One, Rockford, NA.
 Terms of the Key Centurion agreement called for the exchange of .43478 shares of Banc One common stock for each share of Key Centurion, or a total value of approximately $600 million. Terms of the First Community agreement called for the exchange of .6267 shares of Banc One common stock for each share of First Community, or a total value of approximately $142 million.
 Banc One West Virginia Corporation had assets of $3.1 billion as of March 31, 1993, and operates 17 banks with 58 offices in West Virginia and Kentucky. A. Michael Perry is president and chief executive officer of Banc One West Virginia Corporation. Bank One, Rockford, NA had assets of $830 million as of March 31, 1993, and operates seven offices. R. Richard Bastian III is president, chairman and chief executive officer of First Community Bancorp, Inc.
 As of March 31, 1993, Banc One Corporation had assets of $70 billion and now operates 78 banks with 1,342 offices in Arizona, California, Colorado, Indiana, Illinois, Kentucky, Michigan, Ohio, Texas, Utah, West Virginia and Wisconsin. Banc One Corporation also operates several additional corporations that engage in data processing, venture capital, investment and merchant banking, trust, brokerage, investment management, equipment leasing, mortgage banking, consumer finance and insurance.
 -0- 5/3/93
 /CONTACT: George R.L. Meiling, 614-248-5908, or John A. Russell, 614-248-5989, both of Banc One Corporation/
 (ONE KEYC FRFD)


CO: Banc One Corp.; Key Centurion Bancshares; First Community Bancorp ST: Ohio, West Virginia, Illinois IN: FIN SU: TNM

AR -- CL026 -- 3881 05/03/93 14:36 EDT
COPYRIGHT 1993 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1993 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:May 3, 1993
Words:330
Previous Article:AMERITECH TAKING DISTANCE LEARNING INTO TOLEDO, FINDLAY WORKPLACES
Next Article:FANNIE MAE ANNOUNCES DEBENTURE PRICING
Topics:


Related Articles
FIRST SECURITY TO AFFILIATE WITH BANC ONE CORPORATION
TEAM BANK TO JOIN BANC ONE CORPORATION
KEY CENTURION TO JOIN BANC ONE
FIRST SECURITY CORPORATION OF KENTUCKY JOINS BANC ONE CORPORATION
FIRST SECURITY CORPORATION OF KENTUCKY JOINS BANC ONE CORPORATION
BANC ONE, KEY CENTURION ANNOUNCE DEFINITIVE AGREEMENT FOR MERGER
BANC ONE PENDING APPLICATIONS APPROVED BY BOARD OF GOVERNORS OF THE FEDERAL RESERVE
BANC ONE COMPLETES AFFILIATION OF FIRST FINANCIAL ASSOCIATES IN KENOSHA, WISCONSIN
BANK ONE, TEXAS, NA PLANS TO ACQUIRE 1ST-BANK
Orders Issued Under Sections 3 and 4 of the Bank Holding Company Act.

Terms of use | Copyright © 2016 Farlex, Inc. | Feedback | For webmasters