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Published: Saturday, 5/8/2004

Bank One center closure to cost Findlay 121 jobs

FINDLAY - Bank One's mortgage-processing center in Findlay will be closed, leaving 121 workers jobless, when J.P. Morgan Chase completes the company's purchase in July.

Closing details will be made once the merger is completed, but the firm thought it was best to alert the center's employees as soon as possible, said Jeff Lyttle, a Columbus-based Bank One spokesman.

Bank One also notified 200 workers in its capital-markets and commercial-banking divisions they will lose their jobs, as well as 200 workers in its mortgage-service operations, including 185 in Indianapolis. When the $58 billion acquisition was announced in January, the firms said they hoped to cut 10,000 of the 145,000 workers in the United States, mostly through attrition and retirements.

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