The board of directors of Banc One Corp., which has several branches in Utah, has approved a 10 percent stock dividend, payable March 4 to shareholders of record Feb. 16. This is the 13th 10 percent stock dividend declared since 1968.
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John B. McCoy, chairman and chief executive officer, said 1993 was an outstanding year for the bank. On Jan. 18, for the first time in the bank's history, yearly net income exceeded $1 billion.The board also has approved the purchase of up to 10 million shares of Banc One common stock for use in the possible acquisition of Premier Bancorp Inc., Baton Rouge, La.