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KEY CENTURION ANNOUNCES APRIL DIVIDEND

 CHARLESTON, W.Va., Feb. 22 /PRNewsire/ -- The board of directors of Key Centurion Bancshares, Inc. (NASDAQ: KEYC), West Virginia's largest bank holding company, has declared a quarterly dividend of 17 cents per share, it was announced today.
 The dividend, declared at the board's Feb. 22 monthly meeting, will be paid on April 1, 1993, to shareholders of record on March 12, 1993.
 Key Centurion, with $3.2 billion in assets and $323 million in shareholder equity at Dec. 31, 1992, has entered into a definitive merger agreement with BANC ONE Corporation, Columbus, Ohio. Terms of the agreement include, among other items, provision for Key Centurion to become a wholly owned subsidiary of BANC ONE in an exchange of BANC ONE common shares for Key Centurion common shares. The exchange ratio is designed to provide Key Centurion shareholders the market equivalent value of $22 a share in BANC ONE stock, subject to a BANC ONE market price range of $46 to $50.60.
 The merger has been approved by the West Virginia Department of Banking. However, it is subject to additional regulatory review as well as shareholder approval. A Key Centurion special shareholder meeting has been scheduled for April 12, 1993 to consider the proposed transaction.
 Key Centurion has banks with 58 offices in West Virginia and Kentucky, operating as Beckley National Bank, Beckley and Oak Hill; The Central National Bank of Buckhannon, Buckhannon; Peoples Bank of Charles Town, Charles Town; Charleston National Bank, Charleston; Union National Bank of West Virginia, Clarksburg; The Lincoln National Bank of Hamlin, Hamlin; The First Huntington National Bank, Huntington; The National Bank of Logan, Logan; Boone National Bank, Madison; The First National Bank of New Martinsville, New Martinsville; First Nationaa?nk in Philippi, Philippi; Citizens National of Point Pleasant, Pt. Pleasant; Citizens National Bank of St. Albans, St. Albans; Nicholas County Bank, Summersville; Wayne County Bank, Wayne; Security National Bank & Trust, Wheeling; The National Bank of Commerce of Williamson, Williamson, all in West Virginia and First National Bank of Pikeville in Pikeville, Ky.
 -0- 2/22/93
 /CONTACT: Larry A. Stark of Key Centurion Bancshares, Inc., 304-526-4337, or at home, 304-529-3624/
 (KEYC)


CO: Centurion Bancshares, Inc.; BANC ONE Corporation ST: West Virginia, Ohio, Kentucky IN: FIN SU: DIV

KC-CD -- PG002 -- 0077 02/22/93 14:34 EST
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Publication:PR Newswire
Date:Feb 22, 1993
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