BankOne to purchase Zurich Life from Zurich Financial Services

June 2003

Bank One Corporation (NYSE: ONE) announced an agreement to acquire, for approximately $500 million in cash, key business components of Zurich Life, a U.S. life and annuity operation of Zurich Financial Services Group. The transaction is expected to close in the third quarter of 2003, pending regulatory approvals.  This deal enhances BankOne's life insurance and annuity products, distribution capabilities and systems.

Source:  BankOne website