First Chicago NBD Corp. says it plans to build a new operations center in downtown Chicago.

The $60 million, 380,000-square-foot building would consolidate 1,200 First Chicago employees from four downtown buildings in a central location for the company's Illinois banking operations. The center, which would sit on a seven-acre lot in the South Loop, would handle check processing, deposit account services, statement processing, mail, lockbox, and money transfer services.

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