Banc One Corp. said Wednesday that it would restructure its home lending units and combine its mortgage and home equity divisions under one leader.

Donald K. Erling, now president of Bank One Mortgage Corp., will become chairman and chief executive of the division on July 1, and assume responsibility for the company's home equity and home improvement divisions.

Brad Conner, chief financial officer, will become president and chief operating officer of Bank One Mortgage on that date.

Mr. Erling will report to Steve Alonso, president of the Consumer Financial Services Division of Finance One Corp., the bank's consumer lending division. - Heather Timmons

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