Release Details

John B. McCoy, President and Chief Executive Officer of BANK ONE CORPORATION, announced plans today for the development of a 1 million square foot addition to the existing BANK ONE CORPORATE CENTER at Polaris Parkway and Sancus Boulevard in Columbus. Construction of the addition will begin immediately. BANK ONE will invest $150 million to fully develop the BANK ONE CORPORATE CENTER over the next five years. Phase I and Phase II will be the largest office complex in Columbus when completed.

BANK ONE originally chose the site in the Polaris development from a number of options available in surrounding communities and surrounding states. Requirements included easy access to major highway systems, a large, single piece of property immediately available, and proximity to existing BANK ONE facilities in any of those communities. McCoy said, "This major addition will permit us to continue to grow, while consolidating our operations and improving our efficiencies in Columbus." McCoy indicated that when complete, plans call for the site to accommodate up to 7,800 people. BANK ONE currently employs 3,000 people in the BANK ONE CORPORATE CENTER and a total of approximately 11,000 in Central Ohio.

When the BANK ONE CORPORATE CENTER was originally announced in January 1994, plans called for up to 1.2 million square feet to be built on the site. Those plans have been revised upwards to 2.1 million square feet to be built in two additional phases on the site. The BANK ONE CORPORATE CENTER will not replace the BANK ONE CENTER and the McCoy Center which are both several miles away and are located in Westerville. McCoy continued, "We couldn't have moved as fast as we have to get the addition underway without the exceptional cooperation between officials from the City of Columbus, the City of Westerville and the State of Ohio. They all came together to make this addition possible on a fast-track basis."

BANK ONE CORPORATION is headquartered in Chicago, Illinois, and is the nation's fifth largest bank holding company, with assets of more than $240 billion. BANK ONE is a major corporate bank nationally and in selected international markets in 11 foreign countries, the nation's second-largest credit card company, the leading retail bank in eight states, the leading business bank in the Midwest and Arizona, and the third-largest bank mutual fund company.

Fact Sheet For the BANK ONE CORPORATE CENTER PHASE II General Contractor: Turner Construction Company for Phase I and Phase II Square Footage: 1,077,000-square-foot, three and four-story office building addition. The square footage equals 540, 2,000 square foot homes.

Structural Steel: 6,800 tons of structural steel or enough steel for 5,440 cars.

Earthwork: 324,000 cubic yards of earth which translates into excavating 912 basements in standard 2,000 square foot homes.

Building Wing: The length of the building is 720 feet, the length of two football fields including the end zones.

Parking: 990,000 square feet of structural parking to hold 3,250 cars.

Acreage: building footprint is 6.5 acres.

Schedule: Construction starts now with completion slated for February 2001.

Largest Office Complex: Phase I and Phase II combined will be the largest office complex in Columbus.

Project Facts on Current Phase I

Square Footage: Phase I includes 804,000 square feet, equal to a 30 story office building with Turner as the lead general contractor.

Structural Steel: 4,200 tons of steel.

Concrete: 30,000 cubic yards of concrete which is enough to build a sidewalk from Columbus to Toledo.

Electric and Communication Wiring: 12 million feet of wire for electrical/communications purposes, or enough wire to lay on the ground from Columbus to Los Angeles.

Parking: 2,500 spaces.

Fact Sheet for the BANK ONE CORPORATE CENTER PHASE II (Contd.)

Schedule: Construction started in October 1994 and was completed in October 1996. Selected Construction Details/Phase II

Phase II continues the site design for Phase I. This includes decorative ponds. The project includes wetlands planting for waterfowl and other animals, even though no wetlands will be disturbed during construction. The Phase I building was designed in a U-shape around a decorative courtyard. Phase II will feature two additional courtyards to enhance the employees' work environment. Phase II's precast concrete and glass exterior matches the exterior of Phase I.

For further information contact:
John A. Russell (614) 248-5989
Thomas E. Rainey (614) 248-5915
Thomas A. Kelly (312) 782-7007