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BANC ONE INCREASES CASH DIVIDEND TO $.32 PER SHARE

 BANC ONE INCREASES CASH DIVIDEND TO $.32 PER SHARE
 COLUMBUS, Ohio, July 21 /PRNewswire/ -- John B. McCoy, chairman


and chief executive officer of Banc One Corporation, Columbus, Ohio (NYSE: ONE) announced that the corporation's board of directors approved an increase in the quarterly cash dividend paid on common stock from $.29 to $.32 per share. This increase, coupled with the 10 percent stock dividend paid on March 2nd, will effectively increase the third quarter 1992 dividend by 21 percent compared to the third quarter of 1991. The new cash dividend is payable on Sept. 30, 1992 to shareholders of record on Sept. 15, 1992.
 McCoy indicated, "We couldn't be more pleased with the earnings performance of our affiliates, especially considering the condition of the economy. This continued strong performance makes it possible for us to increase the dividend now, and is consistent with our policy of paying out 35 percent to 38 percent of net income." Earlier, Banc One reported a 24 percent increase in net income per share over the second quarter of last year. The cash dividend has increased 15 times in the past 10 years. Over that period it has grown at an annual compounded rate of 14 percent, a rate exceeded by only two of the nation's 50 largest banking organizations.
 Banc One Corporation had assets of $48.4 billion as of June 30, 1992, and total equity of $4.3 billion. Banc One operates 56 banks with 862 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- 7/21/92
 /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


BM -- CL017 -- 1315 07/21/92 12:01 EDT
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Publication:PR Newswire
Date:Jul 21, 1992
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