OTHER NEWS - Nov. 29, 1991
From Times Staff and Wire Reports
Ohio Bank to Buy Kentucky Institution: Banc One Corp. of Columbus, Ohio, has agreed to buy First Security Corp. of Lexington, Ky., in a stock-swap deal valued at $204 million. The acquisition will create a banking concern with $48 billion in assets. The agreement involves exchanging a half-share of Banc One common for each share of First Security stock. W. L. Rouse Jr., chairman of First Security, said the takeover will help the Lexington-based bank holding company overcome loan losses during the past several quarters. Banc One, with assets of $46.2 billion, operates 50 banks in Ohio, Indiana, Illinois, Kentucky, Michigan, Texas and Wisconsin.
