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BANC ONE MORTGAGE CORPORATION EXPANDS INTO ILLINOIS

 BANC ONE MORTGAGE CORPORATION EXPANDS INTO ILLINOIS
 INDIANAPOLIS, April 8 /PRNewswire/ -- Banc One Mortgage Corporation, headquartered in Indianapolis, has expanded into Illinois with the addition of two regional processing centers to serve the Illinois market. The announcement was made by J. Albert Smith, president of Banc One Mortgage Corporation.
 Banc One Mortgage Corporation's Chicago Regional Processing Center is a result of Banc One Corporation's (NYSE: ONE) acquisition of First Illinois Corporation. The office will serve the Chicago area and will be managed by Veronica Mensch. Combined wholesale and retail production from the Chicago Regional Processing Center is expected to exceed $300 million in 1992.
 Through the Springfield Regional Processing Center, Banc One Mortgage will originate loans from the Springfield, Champaign and Bloomington, Ill. areas. Nancy Unterbrink will serve as manager of the Springfield Regional Processing location. This expansion is due to the merger of the Illinois-based Marine Corporation with Banc One Corporation earlier this year. This acquisition is expected to add more than $60 million in loan originations through year-end 1992.
 Banc One Corporation, an Ohio-based bank holding company with assets of $46.3 billion, operates 57 banks with 869 offices in Indiana, lllinois, Kentucky, Michigan, Ohio, Texas and Wisconsin. Banc One Mortgage Corporation originated $1.725 billion in single- family mortgage loans in 1991, and services $8 billion in mortgage loans for various government and institutional investors.
 -0- 4/8/92
 /CONTACT: Kent Day of Banc One Mortgage Corporation, 317-321-8403; or Johanna White of Banc One Corporation, 614-248-5481/
 (ONE) CO: Banc One Corporation ST: Ohio IN: FIN SU:


KK -- CL007 -- 6327 04/08/92 14:08 EDT
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Publication:PR Newswire
Date:Apr 8, 1992
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