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BANC ONE AND FIRST SOUTHEAST TERMINATE AFFILIATION PLANS

 BANC ONE AND FIRST SOUTHEAST TERMINATE AFFILIATION PLANS
 COLUMBUS, Ohio, April 15 /PRNewswire/ -- Banc One Corporation (NYSE: ONE) and First Southeast Banking Corp., Lake Geneva, Wis., announced today that they have terminated their agreement for affiliation.
 "After extensive discussion, the parties were unable to agree on certain modifications to the structure of the acquisition," stated John B. McCoy, chairman of Banc One Corporation. David A. Straz, Jr., president of First Southeast Banking Corp., stated, "We are both disappointed at the outcome." Specific reasons for the termination were not disclosed based on confidentiality agreements.
 First Southeast Banking Corp. has two banks with 23 offices and assets of $450 million.
 Banc One Corporation had assets of $46.3 billion including Bank One, Texas and total equity of $3.4 billion as of Dec. 31, 1991. Banc One Corporation operates 57 banks with 869 offices in Indiana, Illinois, Kentucky, Michigan, Ohio, Texas and Wisconsin. Banc One Corporation 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- 4/15/92
 /CONTACT: David Straz of First Southeast Banking, 414-248-9116; or Kelly Skindzelewski of Banc One Wisconsin, 414-765-2566/
 (ONE) CO: Banc One Corporation; First Southeast Banking Corp. ST: Ohio, Wisconsin IN: FIN SU:


PS -- NY132 -- 8999 04/15/92 18:19 EDT
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Publication:PR Newswire
Date:Apr 15, 1992
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