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BANC ONE COMPLETES DIAMOND SAVINGS PURCHASE

 BANC ONE COMPLETES DIAMOND SAVINGS PURCHASE
 COLUMBUS, Ohio, Oct. 16 /PRNewswire/ -- Banc One Corporation


(NYSE: ONE) has completed the purchase of most of the deposits and offices of Diamond Savings and Loan Company, Findlay, Ohio, as of the close of business on Oct. 16, 1992, it was announced by Thomas E. Hoaglin, chairman and chief executive officer of Banc One Ohio Corporation.
 As a result of the purchase, Banc One has acquired approximately $622 million of deposits, along with certain loans and other related assets, as well as new office locations in 11 Ohio cities, including Findlay. As part of the transaction, Banc One adds 18 additional banking offices, including 14 with Bank One, Lima, NA, three with Bank One, Fremont, NA, and one with Bank One, Marion. Banc One Ohio chairman Hoaglin said, "The added Diamond locations help Banc One to build market presence in a number of Ohio areas and in new markets. It also enables us to increase the level of service to Bank One customers in the region."
 In addition, Banc One Mortgage Corporation, a subsidiary of Banc One Diversified Services Corporation, has acquired Diamond's residential mortgage loan servicing portfolio, which includes a total of approximately 25,000 loans, with a total outstanding principal amount of approximately $1.165 billion. Earlier this year, Banc One Mortgage purchased Diamond's five mortgage loan origination offices in North Carolina and South Carolina.
 Banc One Corporation, which had assets of $48.4 billion as of June 30, 1992, operates 57 banks with 905 offices in Illinois, Indiana, Kentucky, Michigan, Ohio, Texas and Wisconsin. Banc One also operates several additional corporations that engage in data processing, venture capital, investment and merchant banking, trust, brokerage, equipment leasing, mortgage banking, consumer finance and insurance.
 -0- 10/16/92
 /CONTACT: John Russell, 614-248-5989; or Johanna White, 614-248-5481; both of Banc One Corporation/
 (ONE) CO: Banc One Corporation; Diamond Savings and Loan Company ST: Ohio IN: FIN SU: TNM


KK -- CL016 -- 1069 10/16/92 15:27 EDT
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Date:Oct 16, 1992
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