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DSB CORPORATION TO AFFILIATE WITH BANC ONE CORPORATION

 DSB CORPORATION TO AFFILIATE WITH BANC ONE CORPORATION
 COLUMBUS, Ohio, March 5 /PRNewswire/ -- Banc One Corporation


(NYSE: ONE) and DSB Corporation, headquartered in Deerfield, Ill., jointly announced today that they have signed a letter of intent for affiliation of DSB Corporation with Banc One. The announcement was made by John B. McCoy, chairman and chief executive officer of Banc One, and Georg F. Springer, M.D., chairman of DSB Corporation.
 Terms of the agreement call for the exchange of 12.5034 shares of Banc One common stock for each share of DSB Corporation. Total value of the transaction is approximately $18.5 million. The transaction is expected to be completed during the fourth quarter of 1992 and is subject to regulatory approval.
 Springer said, "DSB Corporation's board of directors and management are very happy about the association with Banc One. We consider Banc One as one of the premier banking organizations in the United States. We are very fortunate that affiliation with Banc One will enable us to continue our tradition of serving our communities and our customers in a superior fashion.
 McCoy said, "When we receive regulatory approval, DSB Corporation will join the recently completed affiliation of First Illinois Corporation, which is now Illinois Banc One Corporation. DSB serves the imporant and expanding north shore Chicago market with its subsidiary, the Deerfield State Bank, which operates two offices in Lake County and allows us to continue to expand our presence in Illinois."
 DSB Corporation had year-end 1992 assets of $107.6 million. 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 now operates 57 banks with 878 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- 3/5/92
 /CONTACT: John Russell of Banc One, 614-248-5989, or C. Andrew Lawrence of DSB Corporation, 708-945-2215/
 (ONE) CO: Banc One Corporation; DSB Corporation ST: Ohio; Illinois IN: FIN SU:


CG -- CL011 -- 5532 03/05/92 14:37 EST
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Publication:PR Newswire
Date:Mar 5, 1992
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