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Non-Tech : BANK ONE -- Ignore unavailable to you. Want to Upgrade?


To: Stormweaver who wrote (155)5/18/1999 1:42:00 PM
From: David C. Burns  Respond to of 466
 
BANK ONE Announces Buyback of 65 Million Common Shares

CHICAGO, May 18 /PRNewswire/ -- BANK ONE CORPORATION (NYSE: ONE) announced today that its Board of Directors authorized the purchase of up to 65 million shares of Bank One common stock.

Under the program, purchases will occur periodically over the next few years in open market or private transactions. The shares will be used for general corporate purposes, including employee benefit plans. There were 1.2 billion common shares outstanding at March 31, 1999.

BANK ONE, headquartered in Chicago, is the nation's fifth largest bank holding company, with assets of more than $250 billion. It offers a full range of financial services to commercial and business customers and consumers. It is one of the nation's largest credit card lenders, the second-largest bank-owned finance company, the third-largest bank lender to small businesses, and one of the top 25 managers of mutual funds. A leader in the retail market, Bank One operates approximately 2,000 banking centers and a nationwide network of ATMs. In addition, it is a major commercial bank in the United States and in select international markets. Bank One can be found on the Internet at www.bankone.com.

SOURCE BANK ONE CORPORATION

CO: BANK ONE CORPORATION



To: Stormweaver who wrote (155)5/24/1999 2:15:00 PM
From: David C. Burns  Read Replies (1) | Respond to of 466
 
Posting for the thread's info. Does not imply my endorsement.

Message 9723438



To: Stormweaver who wrote (155)6/23/1999 12:39:00 AM
From: David C. Burns  Respond to of 466
 
Bank One Completes Integration in Indiana Corporation Achieves Second of Three Key Merger-Related Milestones for Retail Banking

CHICAGO, June 21 /PRNewswire/ -- BANK ONE CORPORATION (NYSE: ONE) today achieved another merger-related milestone, with the successful integration of former Indiana NBD branches into Bank One banking centers. Bank One is the largest bank in Indiana, with $11.2 billion in deposits, 182 banking centers and 350 ATMs.

Bank One's Indiana conversion is the second of three key branding phases following the October 1998 merger of First Chicago NBD Corp. and BANC ONE Corp. On May 17, the company successfully introduced the Bank One name to former NBD locations throughout Michigan and in Florida.

On September 13, the Bank One name will replace The First National Bank of Chicago brand in Illinois and internationally, as the company continues to leverage the Bank One identity. Chicago is the corporation's headquarters location and its largest market.

BANK ONE CORPORATION is the nation's fifth largest bank holding company, with assets of more than $250 billion. Bank One offers a full range of financial services to commercial and business customers and consumers. It is the world's largest Visa issuer, the second-largest consumer and commercial finance company, the third-largest bank lender to small businesses, and the third-largest bank mutual fund company. It operates more than 2,000 offices and a nationwide network of ATMs. It can be found on the Internet at www.bankone.com .

SOURCE BANK ONE CORPORATION



To: Stormweaver who wrote (155)7/20/1999 5:25:00 PM
From: David C. Burns  Read Replies (1) | Respond to of 466
 
Bank One Earnings Up 11 Percent

CHICAGO (AP) - Bank One Corp., the nation's fifth-largest bank, reported an 11 percent increase in its second-quarter profits.

The Chicago-based company said Tuesday earnings were $992 million, or 83 cents a share, for the second quarter ended June 30, compared with $895 million, or 75 cents a share, for last year's second quarter.

This year's second-quarter results included a one-time charge of $179 million, or 10 cents a share, to cover the cost of the merger between Banc One and First Chicago NBD. Excluding the charge, the results for the quarter ended June 30 matched Wall Street's forecast of 93 cents a share, according to a survey of analysts by First Call Corp.

John McCoy, the company's president and CEO, attributed the solid quarter to ``strong revenue generation and disciplined expense management.'

He cited the launch of the company's Internet-only bank, WingspanBank, as one of the highlights of the quarter.

Investors, however, sent Bank One's stock down 87 1/2 cents to $59.65 1/4 a share in midafternoon trading on the New York Stock Exchange. All of the major stock indexes were off Tuesday as Microsoft's forecast of slower revenue growth in the coming year depressed technology shares.

Bank One's revenue from credit cards jumped 33 percent, from $630 million to $920 million, partly due to more transactions, the company said.

The company posted revenues of $4.56 billion, up slightly from $4.47 billion in the year-ago period.

For the first half of the year, Bank One earned $2.14 billion, or $1.79 a share, up from $1.83 billion, or $1.53 a share.

Revenues were $9.46 billion vs. $8.70 billion.