One for the money. (interview with Banc One CEO-Chairman John B. McCoy) (Cover Story): An article from: Chief Executive (U.S.)

This digital document is an article from Chief Executive (U.S.), published by Chief Executive Publishing on June 1, 1994. The length of the article is 2937 words. The page length shown above is based on a typical 300-word page. The article is delivered in HTML format and is available in your Amazon.com Digital Locker immediately after purchase. You can view it with any web browser.

From the supplier: Banc One CEO-Chmn. John B. McCoy believes that his bank holding company is still a force to reckon with in the bank-merger-and-acquisition business. Although its last acquisition effort involving FirsTier Financial Inc. was unsuccessful, McCoy contends that Banc One's high level of technological capacity and the imminent eradication of restrictions on interstate banking will enable his company to reclaim its position as the leader in bank acquisition. If the company's track record is any indication, it would seem that McCoy's expectation will become a reality in the near future. As of 1994, Banc One has already acquired over 100 banks. In 1993 alone, merger and acquisition reached a record $22.5 billion. McCoy credits this success to the holding company's focus on the retail side, and its predilection to purchase only those banks that it can understand and have good management.

Citation Details
Title: One for the money. (interview with Banc One CEO-Chairman John B. McCoy) (Cover Story)
Author: Joseph L. McCarthy
Publication:Chief Executive (U.S.) (Magazine/Journal)
Date: June 1, 1994
Publisher: Chief Executive Publishing
Issue: n95 Page: p32(4)

Article Type: Cover Story, Interview

Distributed by Thomson Gale