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Banc One Corp

BUSINESS
July 27, 1987 | Associated Press
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.
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BUSINESS
October 1, 1998 | Bloomberg News
AT&T Corp. and IBM Corp. won contracts valued at about $1.8 billion to manage the telephone and computer networks of Banc One Corp. IBM said it won a separate $2.2-billion, five-year contract from Boeing Co. to manage the aircraft maker's server computers and provide its telephone and videoconferencing service. AT&T said its Banc One contract, for $1.4 billion over six years, is its largest ever for managing such a network.
BUSINESS
September 9, 1998 | Reuters
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.
BUSINESS
October 21, 1997 | Associated Press
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.
BUSINESS
July 25, 1995 | From Reuters
Bank of Boston Corp. lost a third potential suitor when Banc One Corp. said Monday that it has withdrawn a $5-billion takeover offer. The announcement came just a day after CoreStates Financial Corp. and Bank of Boston called off a $4.2-billion merger that had been coolly received on Wall Street. Before that, Mellon Bank Corp. had been talking with Bank of Boston about a merger that was scrapped in favor of the aborted CoreStates deal.
BUSINESS
January 20, 1993 | MARTHA GROVES, TIMES STAFF WRITER
Led by Wells Fargo & Co., several major U.S. banks on Tuesday reported strong fourth-quarter profits, indicating that aggressive measures to clean up bad loans and cut costs are starting to pay off. A groundswell of enthusiasm from investors buoyed the bank stocks, with Wells setting the pace with a whopping rise of $13 a share, to $99, in trading on the New York Stock Exchange.
BUSINESS
April 22, 1998 | From Times Wire Services
The biggest U.S. banks reported strong first-quarter profits Tuesday, beating Wall Street's expectations as trading and core business operations showed solid growth and financial markets soared. Chase Manhattan Corp., the nation's largest bank-holding company, said profit from operations rose 11% to $1.05 billion, or $2.35 a diluted share, from $949 million, or $2.02, in the year-ago quarter. The latest results beat the average forecast of $2.26 a share, based on a survey by First Call Corp.
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