COLUMBUS, Ohio -- Banc One Corp. said it signed a letter of intent to acquire Nebraska Capital Corp. Terms were not disclosed.

Nebraska Capital has assets of $95 million and operates four offices of the Havelock Bank in Lincoln, Neb.

Separately, the Federal Reserve Board approved Banc One's application to acquire Central Banking Group Inc. of Oklahoma City and its subsidiary banks.

The Fed also approved Banc One's request to acquire Central Financial Life Insurance Co. Inc. of Phoenix, and engage in the sale of credit-related life, accident, and health insurance, according to a Fed press release.

Central Banking is the fifth-largest commercial banking organization in Oklahoma, controlling deposits of $484.9 million, representing 1.9% of the total deposits in commercial banking organizations in the state.

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