Printer Friendly

FIRST SECURITY CORPORATION OF KENTUCKY JOINS BANC ONE CORPORATION

 FIRST SECURITY CORPORATION OF KENTUCKY JOINS
 BANC ONE CORPORATION
 COLUMBUS, Ohio, Aug. 21 /PRNewswire/ -- Banc One Corporation (NYSE: ONE) announced that it is completing the affiliation of First Security Corporation of Kentucky (NASDAQ: FSKY), which is headquartered in Lexington, Ky., as of the close of business on Aug. 21, 1992. The announcement was made by John B. McCoy, chairman and chief executive officer of Banc One Corporation.
 The new Bank One, Lexington, NA, representing the combined $1.7 billion assets of First Security and the existing Bank One, Lexington, will open for business at regular business hours on Aug. 24. Under terms of the transaction, each First Security share will be exchanged for .553003 of Banc One stock. William R. Hartman, who has been chairman and chief executive officer of First Security Corporation, becomes chairman and chief executive officer of Bank One, Lexington, NA after the affiliation is completed. William R. Guthrie, who had been president of the former Bank One, Lexington, becomes vice chairman of the bank.
 Bank One, Lexington Chairman Hartman said, "As Bank One, we will be able to more fully serve the financial needs of our communities and provide enhanced banking services." The enlarged Bank One, Lexington will include 30 banking centers in four central Kentucky counties.
 Bank One, Lexington, NA is an affiliate of Banc One Corporation which had mid-year 1992 assets of $48.4 billion and 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- 8/21/92
 /CONTACT: John Russell, 614-248-5989, Johanna White, 614-248-5481, or Brack Marquette, 606-231-2794, all of Banc One Corporation/
 (ONE FSKY) CO: Banc One Corporation ST: Ohio IN: FIN SU: TNM


BM -- CL011 -- 2250 08/21/92 16:06 EDT
COPYRIGHT 1992 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1992 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:Aug 21, 1992
Words:317
Previous Article:ATLANTIC COUNTY ISSUES OCEAN WATER QUALITY INDEX UPDATE
Next Article:KMEX-TV AND CALIFORNIA FEDERAL TEAM UP FOR HISPANIC VOTER REGISTRATION AND CITIZENSHIP DRIVE
Topics:


Related Articles
FIRST SECURITY TO AFFILIATE WITH BANC ONE CORPORATION
BANC ONE OFFERING OF 8.625 MILLION SHARES COMPLETED AT $43 PER SHARE
AFFILIATED OF COLORADO TO JOIN BANC ONE CORPORATION
BANC ONE TO ACQUIRE FIRST SOUTHEAST BANKING CORP.
BANK ONE, BLOOMINGTON TO ACQUIRE BEDFORD NATIONAL BANK
BANC ONE ANNOUNCES AFFILIATION OF KEY CENTURION AND FIRST COMMUNITY
BANC ONE COMPLETES AFFILIATION OF FIRST FINANCIAL ASSOCIATES IN KENOSHA, WISCONSIN
BANK ONE, TEXAS, NA PLANS TO ACQUIRE 1ST-BANK
BANC ONE TO COMPLETE AFFILIATION OF LIBERTY NATIONAL
BANC ONE CORPORATION COMPLETES ACQUISITION OF 1ST*BANK IN COPPELL, TEXAS WHICH MERGED WITH BANK ONE, TEXAS, NA

Terms of use | Copyright © 2017 Farlex, Inc. | Feedback | For webmasters