Bank One Rebuffed Vague's Wingspan Bid

As Bank One Corp. seeks a buyer for Wingspanbank.com, its fledgling Internet bank that has not quite gotten off the ground, it has made one thing clear: Not all suitors are welcome.

Sources close to Bank One told American Banker on Wednesday that at least one bid has come in and been rejected - an offer from Richard W. Vague, former chairman and chief executive officer of Bank One's First USA unit, who had overseen Wingspanbank.com from its inception.