Banc One Texas wins management contract.

WASHINGTON -- The Resolution Trust Corp. has awarded an asset management contract expected to be worth $8.6 million over three years to Banc One Corp.'s Texas unit.

A Bank One Texas subsidiary, Subsidiary Consultants Inc., will manage 1,001 nonperforming commercials loans and properties for the bailout agency.

For reprint and licensing requests for this article, click here.
MORE FROM AMERICAN BANKER