Bank One Invests $5 Million In Black Enterprise Fund

Fund's Investments Will Provide Capital To High-Growth,

African-American Businesses



Apr 19, 2001, 01:00 ET from Bank One Corporation

    CHICAGO, April 19 /PRNewswire/ -- Bank One (NYSE:   ONE) announced today it
 has invested $5 million in the Black Enterprise/Greenwich Street Corporate
 Growth Partners, LP, a private equity fund that invests in established high-
 growth, African-American owned and operated businesses.
     "Bank One's investment in the Black Enterprise Fund further demonstrates
 our commitment to supporting minority entrepreneurs," said James Dimon, Bank
 One's chairman and chief executive officer.  "We provide loans to many
 businesses, but we know that a substantial capital infusion at a crucial point
 can propel a company to increased sales, additional hiring and an even larger
 role in the community."
     The fund serves minority-owned companies that generate revenue between
 $10 million and $100 million and need capital to support their growth plans,
 such as an expansion, buyout or succession.  The fund is expected to invest
 between $5 million to $15 million in established companies in industries such
 as consumer goods, retail, manufacturing or information technology.
     "Access to capital continues to be a major challenge for minority-owned
 businesses," said Earl G. Graves, Sr., co-general partner of the fund and
 chief executive officer of Earl G. Graves Publishing Co. "We're thrilled to
 have Bank One as a partner in this national initiative."
     Supported by leading companies in financial services and other industries,
 the Black Enterprise Fund now has capital totaling $91 million.  The bank's
 investment was made through a subsidiary, Banc One Community Development
 Corporation.  Bank One plays a major role in its communities by providing
 financial services to consumers, businesses and corporations, and through
 contributions in education, development and civic leadership.
     Bank One Corporation (NYSE:   ONE) is the nation's fifth-largest bank
 holding company, with assets of more than $265 billion.  Bank One offers a
 full range of financial services to large corporate and middle market
 commercial customers and consumers.  It is the largest Visa credit card
 issuer, the third largest bank lender to small businesses, and one of the top
 25 managers of mutual funds.  A leader in the retail market, Bank One operates
 more than 1,800 banking centers and a nationwide network of ATMs.  Bank One
 can be found on the Internet at www.bankone.com .
 
 

SOURCE Bank One Corporation
    CHICAGO, April 19 /PRNewswire/ -- Bank One (NYSE:   ONE) announced today it
 has invested $5 million in the Black Enterprise/Greenwich Street Corporate
 Growth Partners, LP, a private equity fund that invests in established high-
 growth, African-American owned and operated businesses.
     "Bank One's investment in the Black Enterprise Fund further demonstrates
 our commitment to supporting minority entrepreneurs," said James Dimon, Bank
 One's chairman and chief executive officer.  "We provide loans to many
 businesses, but we know that a substantial capital infusion at a crucial point
 can propel a company to increased sales, additional hiring and an even larger
 role in the community."
     The fund serves minority-owned companies that generate revenue between
 $10 million and $100 million and need capital to support their growth plans,
 such as an expansion, buyout or succession.  The fund is expected to invest
 between $5 million to $15 million in established companies in industries such
 as consumer goods, retail, manufacturing or information technology.
     "Access to capital continues to be a major challenge for minority-owned
 businesses," said Earl G. Graves, Sr., co-general partner of the fund and
 chief executive officer of Earl G. Graves Publishing Co. "We're thrilled to
 have Bank One as a partner in this national initiative."
     Supported by leading companies in financial services and other industries,
 the Black Enterprise Fund now has capital totaling $91 million.  The bank's
 investment was made through a subsidiary, Banc One Community Development
 Corporation.  Bank One plays a major role in its communities by providing
 financial services to consumers, businesses and corporations, and through
 contributions in education, development and civic leadership.
     Bank One Corporation (NYSE:   ONE) is the nation's fifth-largest bank
 holding company, with assets of more than $265 billion.  Bank One offers a
 full range of financial services to large corporate and middle market
 commercial customers and consumers.  It is the largest Visa credit card
 issuer, the third largest bank lender to small businesses, and one of the top
 25 managers of mutual funds.  A leader in the retail market, Bank One operates
 more than 1,800 banking centers and a nationwide network of ATMs.  Bank One
 can be found on the Internet at www.bankone.com .
 
 SOURCE  Bank One Corporation