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.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.