Banc One Corp. said Monday it has agreed to acquire Affiliated Bankshares of Colorado Inc. in a stock swap valued at about $387 million.

Affiliated, with 27 banking subsidiaries and $2.8 billion in assets, is the third-largest banking organization in Colorado.

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.