Two Indiana community banks announced deals to buy eight branches in all from Chicago-based Bank One Corp. Financial terms were not disclosed.
Salin Bank and Trust Co. in Marion would buy four Grant County branches with about $160 million of assets. Salin already has 20 in the general areaas well as six branches south of Indianapolis.
The $400 million-asset bank is family owned; William N. Salin 2d is its chief executive officer.
The other four Bank One branches-three in Henry County and one in Wayne County-would become outposts of Brookville-based People's Trust. Those branches have $126 million of deposits.
People's is owned by $750 million-asset Indiana United Bancorp., which is based in Greenburg.
Bank One, which merged last month with First Chicago NBD Corp., is also selling 51 Indianapolis-area branches to Memphis-based Union Planters Corp.