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BANC ONE COMPLETES PURCHASE OF FIVE DIAMOND MORTGAGE LOAN OFFICES

 BANC ONE COMPLETES PURCHASE OF FIVE DIAMOND MORTGAGE LOAN OFFICES
 COLUMBUS, Ohio, March 2 /PRNewswire/ -- Banc One Diversified Services Corporation announced the completion of the purchase by Banc One Mortgage Corporation of five Diamond Savings mortgage loan offices located in North Carolina and South Carolina. The announcement was made by Paul F. Walsh, chairman and chief executive officer of Banc One Diversified Services Corporation. Walsh said, "These offices will become part of Banc One Mortgage Corporation, which is an affiliate of Banc One Diversified Services Corporation."
 J. Albert Smith, president of Banc One Mortgage Corporation, said, "We couldn't be more pleased to add these offices in Charlotte and Raleigh, N.C., and in Greenville, Columbia and Charleston, S.C. Together with our offices in Maryland and Virginia, we now have a significant presence in an expanding area of the East Coast." During 1991, Banc One Mortgage Corporation originated $1.725 billion in single-family mortgage loans and at year-end serviced $7.7 billion in mortgage loans for various government and institutional investors.
 Banc One Diversified Services Corporation is an affiliate of Banc One Corporation (NYSE: ONE). Banc One Corporation had assets of $46.3 billion including Bank One, Texas, and total common equity of $3.5 billion as of Dec. 31, 1991. Banc One operates 53 banks with 864 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- 3/2/92
 /CONTACT: Kent Day of Banc One Mortgage, 317-321-8403; or John Russell of Banc One Corporation, 614-248-5989/
 (ONE) CO: Banc One Corporation ST: Ohio IN: FIN SU: TNM


CG -- CL018 -- 3947 03/02/92 12:07 EST
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Publication:PR Newswire
Date:Mar 2, 1992
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