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Banc One looks good as suitor; stock gives it edge in Ameritrust race. (planned bank acquisition)
Crain's Cleveland Business, July, 1991 by Shingler, Dan
Banc One looks good as suitor Ameritrust is Banc One's for the taking - if the Columbus super-regional wants it, that is. "If Banc One wants it, it's theirs," said Thomas Brown, banking analyst with the New York securities firm Donaldson Lufkin & Jenrette. That seems to be the consensus among most analysts following the two-month courtship of Ameritrust by National City Corp.
and Ameritrust's subsequent marital advances toward Banc One. Banc One treasurer George Meiling last week confirmed reports that Ameritrust asked his company to consider a merger and that Banc One] had requested a package of detailed financial information and signed a confidentiality agreement. National City likewise said last week it had signed a similar agreement and could make no...
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