Banc One Corp. and First Chicago NBD Corp. this week chose First Chicago's auditor, Arthur Andersen LLP, as certifying accountant for the company upon completion of the banks' merger.
Andersen beat out PriceWaterHouseCoopers LLP, Banc One's auditor and the product of this summer's merger of Price Waterhouse LLP and Coopers & Lybrand LLP.
The banking companies, in a regulatory filing noting the change, emphasized they had no problem with PriceWaterHouseCoopers. The bank merger is expected to close in the fourth quarter.
The decision does not rule out PriceWaterHouseCoopers for consulting services that the merged banking companies may seek.