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BANC ONE DECLARES A 10 PERCENT STOCK DIVIDEND

 BANC ONE DECLARES A 10 PERCENT STOCK DIVIDEND
 COLUMBUS, Ohio, Jan. 22 /PRNewswire/ -- John B. McCoy, chairman and


chief executive officer of Banc One (NYSE: ONE), announced that the corporation's board of directors approved a 10 percent stock dividend, payable on March 2, 1992 to shareholders of record as of Feb. 14, 1992. This represents the twelfth 10 percent stock dividend declared since 1968.
 The cash dividend of 29 cents per share will be paid March 31, 1992 to shareholders of record on March 13, 1992. This dividend, which will be paid on the new shares as a result of the stock dividend, represents an effective increase in the cash dividend of 10 percent. Over the last decade, Banc One's cash dividend has been increased on 14 occasions and has grown at an annual compound rate in excess of 13 percent.
 McCoy indicated, "This truly has been another outstanding year for Banc One. We couldn't be more pleased with the earnings performance of our affiliates, especially considering the condition of the economy."
 Banc One Corporation had assets of $46.3 billion, including Bank One, Texas, NA, and total common equity of $3.5 billion as of Dec. 31, 1991. Banc One operates 53 banks with 843 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, merchant banking, trust, investment management, brokerage, equipment leasing, mortgage banking, consumer finance and insurance.
 -0- 1/22/92
 /CONTACT: George R.L. Meiling, 614-248-5908; or John A. Russell, 614-248-5989, both of Banc One Corporation/
 (ONE) CO: Banc One Corporation ST: Ohio IN: FIN SU: DIV


KK -- CL012 -- 2256 01/22/92 11:40 EST
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Publication:PR Newswire
Date:Jan 22, 1992
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