BANKING & FINANCE

From Times Staff and Wire Reports

Banc One to Acquire Colorado Bank: Columbus, Ohio-based Banc One Corp. said it will acquire Affiliated Bankshares of Colorado in a $378-million transaction. Banc One Chairman and Chief Executive John B. McCoy said the move "will allow us to establish a strong presence in Colorado." Affiliated Bankshares has $2.8 billion in assets and operates 27 affiliate banks with 38 offices in Colorado. Banc One has $46.2 billion in assets in Indiana, Illinois, Kentucky, Michigan, Ohio, Texas and Wisconsin.

Copyright © 2019, Los Angeles Times
EDITION: California | U.S. & World
55°