COLUMBUS, Ohio - Banc One Corp. announced the completion of acquisitions in Illinois and Indiana.

The addition of Jefferson Bancorp Inc., Peoria, Ill., added five banking offices and $260 million in assets to Banc One Illinois Corp. Banc One exchanged 11 shares of its common stock for each share of Jefferson, for a total price of $28 million.

Jefferson's subsidiary, Jefferson Bank, was renamed Bank One, Peoria.

In Indiana, Bedford National Bank joined Bank One, Bloomington. Bedford's $155 million in assets and two offices brought the Banc One affiliate to $485 million and 10 offices.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.