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JEFFERSON BANCORP, INC. AFFILIATES WITH BANC ONE CORPORATION

 JEFFERSON BANCORP, INC. AFFILIATES WITH
 BANC ONE CORPORATION
 COLUMBUS, Ohio, Sept. 1 /PRNewswire/ -- Banc One Corporation (NYSE: ONE) announced today that it has completed the affiliation of Jefferson Bancorp, Inc., headquartered in Peoria, Ill., by its merger into Banc One Illinois Corporation. The announcement was made by John B. McCoy, chairman and chief executive officer of Banc One Corporation, and Leonard B. Marshall, Jr., chairman and chief executive officer of Jefferson Bank.
 Terms of the agreement called for the exchange of 11 shares of Banc One common stock for each share of Jefferson Bancorp, Inc. Total value of the transaction is approximately $28 million.
 Jefferson Bank has five banking offices in Peoria and $260 million in assets. The new affiliate of Banc One will become Bank One, Peoria. Banc One Corporation had assets of $48.4 billion as of June 30, 1992, and total equity of $4.3 billion. Banc One operates 57 banks with 887 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, consumer finance and insurance.
 -0- 9/1/92
 /CONTACT: John Russell, 614-248-5989, Johanna White, 614-248-5481, or Caryl Lane (Peoria), 309-672-6297, all with Banc One Corporation/
 (ONE) CO: Banc One Corporation; Jefferson Bancorp, Inc. ST: Ohio, Illinois IN: FIN SU: TNM


BM -- CL015 -- 5628 09/01/92 17:18 EDT
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Publication:PR Newswire
Date:Sep 1, 1992
Words:234
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