First Chicago NBD Corp. plans to close an estimated 100 of its 650 branches, mostly in Michigan and Indiana, over the next two years, a spokesman said Friday.

Spokesman Richard Johnson called the estimate a "ballpark" figure, and said all branches are being studied for a reduction in size or remodeling. He was clarifying comments made by a First Chicago executive to the Bank Administration Institute's Retail Delivery '97 conference in New Orleans.

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