October 21, 1997 |
Banc One Corp., the nation's eighth-largest bank holding company, said it agreed to acquire New Orleans-based First Commerce Corp. for about $2.7 billion in stock. The purchase would make Banc One the largest banking company in Louisiana, with a leading position in five of the top six markets in the state, Banc One said. Banc One, based in Columbus, Ohio, already operates in Louisiana as a result of its 1995 acquisition of Baton Rouge-based Premier Bancorp.
December 31, 1996 |
Banc One Corp., one of the nation's largest banks, agreed to acquire Liberty Bancorp Inc., another Midwestern bank holding company, for $546 million in stock, the companies said. The acquisition would make Banc One the largest banking company in Oklahoma City, where Liberty is based, and one of the top banking companies in the state. Columbus, Ohio-based Banc One operates 59 banks in 12 states and has assets of $98.6 billion. Liberty operates 29 banking offices in Oklahoma City and Tulsa, Okla.
September 9, 1998 |
The Justice Department said it cleared the $29-billion merger of Banc One Corp. with First Chicago NBD Corp. after the banks agreed to divest 39 branch offices in Indiana with total deposits of nearly $1.5 billion. The banks also offered to sell some middle-market commercial loan operations in Indiana, the Justice Department's antitrust division said. Union Planters Corp. agreed to acquire the assets in a deal expected to be completed in the first quarter of 1999.
July 27, 1987 |
Banc One Corp. and Milwaukee-based Marine Corp. have agreed to a stock-swap merger valued at about $543.3 million, the two bank holding companies announced Friday. The definitive agreement, if approved by shareholders of both companies and by banking regulators, would create a $22-billion institution with offices in five Midwestern states. Under the definitive agreement with Banc One, each share of Marine stock would be swapped for 2.332 shares of Banc One.
June 30, 1989 |
The Federal Deposit Insurance Corp. disclosed details Thursday of the complex arrangement under which Banc One Corp. of Columbus, Ohio, won a bidding competition to take over 20 failed banks of MCorp of Dallas, a bailout that will cost the federal government about $2 billion and constitute the second-largest bank rescue ever. FDIC Chairman L. William Seidman, describing the arrangement worked out in principle a day earlier, said the FDIC share would involve $300 million in cash outlays and an additional $1.7 billion debt to the Federal Reserve.
April 15, 1992 |
Ohio-based Banc One Corp. on Tuesday said it will acquire Arizona's largest bank, Valley National Corp., for $1.2 billion in stock, creating the nation's eighth-largest bank with its first major thrust into the West. The unexpected acquisition means that Banc One, which in recent years has emerged as one of the nation's premier banks, is now a head-to-head competitor with BankAmerica Corp.