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BANC ONE CAPITAL CORPORATION ADDS REAL ESTATE INVESTMENT GROUP

 COLUMBUS, Ohio, April 13 /PRNewswire/ -- David R. Mouse, chairman of Banc One Capital Corporation, announced that Banc One Capital has formed a new Real Estate Investment Group and James V. Pickett has joined the firm as managing director for the Group. The new Real Estate Investment Group will specialize in investment and merchant banking for commercial real estate investors. Ronald L. Callentine, as senior vice president, and Stephen C. Denz, as assistant vice president, have also joined Banc One Capital's Real Estate Investment Group.
 Mouse said that, "Pickett brings to Banc One Capital a wealth of expertise in real estate development and financing." Pickett has been the chief executive officer of a number of real estate development, management, leasing and construction companies over the past 28 years. He started in custom home building in 1965 and formed Banning & Pickett in 1969 which by the late 1970s became the largest real estate developer in Central Ohio. In 1983, he formed Pickett Hotel Company, a full- service hotel management company which grew to nearly $50 million in annual sales when it merged with the "Guest Quarters" chain in 1989. Pickett has been chairman of Pickett Realty Advisors, Inc., and will continue in that capacity. He attended the University of Dayton and the University of Notre Dame. Pickett serves as a director of Wendy's International, Inc., The Fishel Company and PCS Realty, Inc.
 Callentine was formerly the president, chief operating officer and chief financial officer of Pickett Companies. Over his 17-year tenure at Pickett Companies, he was involved in development and sale of properties and financing in excess of $1 billion. For two years, Callentine served as executive vice president and chief financial officer at Guest Quarters Limited Partnership. He is a CPA and holds a B.A. degree from Widener College.
 Banc One Capital Corporation is an affiliate of Banc One Corporation (NYSE: ONE) which is headquartered in Columbus, Ohio. Banc One Corporation now has assets of approximately $70 billion and operates 60 banks with 1,277 offices in Arizona, Colorado, Indiana, Illinois, Kentucky, Michigan, Ohio, Texas, Utah 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- 4/13/93
 /CONTACT: John Russell, 614-248-5989, or Johanna White, 614-248-5481, both of Banc One Corporation/


CO: Banc One Corporation ST: Ohio IN: FIN SU: PER

AR -- CL012 -- 5339 04/13/93 15:48 EDT
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Publication:PR Newswire
Date:Apr 13, 1993
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