Release Details

COLUMBUS, Ohio, June 3, 1997 -- Peter W. Atwater will be named Treasurer of BANC ONE CORPORATION (NYSE: ONE) upon completion of the merger of First USA, Inc. and BANC ONE. He will have responsibility for Liability Management, Liquidity, and Capital Management at BANC ONE CORPORATION, it was announced by Michael J. McMennamin, Executive Vice President of BANC ONE CORPORATION.

Atwater has been serving as Executive Vice President and Treasurer of First USA, Inc. for the past year. At First USA, he was responsible for on- and off-balance funding, capital management, liquidity, and hedging. Prior to that, he was with J.P. Morgan where he was Managing Director and head of the Asset Finance Group.

"Peter Atwater, with his financial management expertise in liquidity management and securitizations, will be a significant addition to BANC ONE's management team," said BANC ONE's Executive Vice President McMennamin. Atwater, 36, holds a BA degree in economics from the College of William and Mary in Virginia, where he was elected Phi Beta Kappa.

BANC ONE CORPORATION had assets of $101.6 billion and common equity of $8.2 billion at March 31, 1997. BANC ONE now operates 1,502 banking offices in Arizona, Colorado, Illinois, Indiana, Kentucky, Louisiana, Ohio, Oklahoma, Texas, Utah, West Virginia and Wisconsin. BANC ONE also owns several additional corporation that engage in credit card and merchant processing, consumer finance, mortgage banking, insurance, venture capital, investment and merchant banking, trust, brokerage, investment management, equipment leasing and data processing.

Information about BANC ONE's financial results and its products and services can be accessed on the Internet at: http://www.bankone.com and through InvestQuest(TM) at http://www.investquest.com or Fax-on-demand: 614-844-3860.