Bank One Makes Special $12 Million Contribution to 401(k) Accounts for 34,000 Employees
January 09 2004 - 11:29AM
PR Newswire (US)
Bank One Makes Special $12 Million Contribution to 401(k) Accounts
for 34,000 Employees CHICAGO, Jan. 9 /PRNewswire-FirstCall/ -- Bank
One Corporation today announced it is making a special $350
contribution to the 401(k) accounts of 34,000 non-exempt employees.
In the prior two years of the program, Bank One had made
contributions of $300. Bank One's total contribution of $35 million
is now worth $39 million, reflecting the 19 percent increase in the
company's stock price since the program began in January 2002.
(Logo: http://www.newscom.com/cgi-bin/prnh/20030116/NYTH053LOGO )
"We've made terrific progress over the past three years, and this
grant program ensures that all our employees can participate in our
success," said Chairman and CEO Jamie Dimon. "Today, the vast
majority of employees I speak with are both customers and
shareholders -- and their priorities are in the right place. They
are committed to delivering an outstanding customer experience and
delivering outstanding business results." Bank One will make this
contribution to the 401(k) accounts of all non- exempt employees,
both full time and part time, who have been with the company for at
least a year. This special contribution is in addition to Bank
One's ongoing matching contributions. Bank One Corporation (
http://www.bankone.com/ ) is the nation's sixth-largest bank
holding company, with assets of $290 billion. Bank One currently
has more than 51 million credit cards issued, nearly 7 million
retail households, and over 20,000 middle market customers. It also
manages $175 billion of clients' investment assets.
http://www.newscom.com/cgi-bin/prnh/20030116/NYTH053LOGO
http://photoarchive.ap.org/ DATASOURCE: Bank One Corporation
CONTACT: Thomas Kelly of Bank One Corporation, +1-312-732-7007 Web
site: http://www.bankone.com/
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