Banc One Corp., Columbus, Ohio, announced management changes to take place at Bank One Louisiana when it buys First Commerce Corp., New Orleans.
G. Lee Griffin will remain CEO and become president, but he will relinquish the chairmanship to Ian Arnof, president and chief executive officer of First Commerce. Another First Commerce executive, senior executive vice president Ashton J. Ryan Jr., will become vice chairman.
Mr. Ryan will also become chairman of operations at Bank One Louisiana, and Daryl Byrd will become president and CEO of operations. Mr. Byrd is now commercial segment manager at First Commerce.
The purchase is expected to close in the second quarter.