Analysis of information sources in references of the Wikipedia article "Salesforce Tower (Indianapolis)" in English language version.
The parent company of Indiana's largest bank has agreed to become part of Ohio's second-largest bank company. Officials of American Fletcher Corp. of Indianapolis and Banc One Corp. of Columbus, Ohio, said Wednesday the stock-swap deal was valued at $597.3 million, or about $60 a share of American Fletcher stock. The price paid is the highest so far for any Indiana bank, experts said. The Indianapolis bank will join Banc One, one of the Midwest's largest bank companies. Banc One has assets of more than $11 billion. American Fletcher's assets total $4.1 billion. American Fletcher will change its name to Banc One, Indiana Corp. and will gain a role in the management of the parent company. As part of the agreement, American Fletcher Chairman Frank E. McKinney Jr. will become president of the Ohio-based company. John B. McCoy, now Banc One president, will become chairman and chief executive officer. McKinney and two other directors of American Fletcher will be added to the Columbus-based company's board of directors. The two additional directors have not been named.
It's getting harder to tell the difference between banks in Hamilton County and Indianapolis. Two county banks have agreed to be acquired by members of the Indianapolis "Big Three." Another is controlled by the Frenzel family, which runs another large Indianapolis institution, Merchants National Bank. "It will become very much like Marion County," Frank E. McKinney Jr., chairman of American Fletcher Corp., says of Hamilton County. The Indianapolis bank firm is the latest to enter the Hamilton market reaching a pact on Aug. 30 to buy Carmel Bank and Trust Co... Since the early 1970s, the major Indianapolis banks Merchants, American Fletcher and Indiana national banks have looked toward Hamilton County... Carmel Bank & Trust Co. $17.8 million in assets agreed to be acquired by American Fletcher Corp... In the meantime, Carmel Bank the county's smallest bank with about $17.8 million in assets intends to start branches as well. The bank currently has only its main office in Carmel. American Fletcher's McKinney adds that results won't be dramatic.
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