Mich. National Sale to Aussie Bank Advances

FARMINGTON HILLS, Mich. - shareholders approved its acquistion by National Australia Bank Ltd. However, the transaction remains subject to regulatory approvals. Robert J. Mylod, Michigan National's chairman and chief executive officer, said the merger should be completed by yearend. Michigan National, headquartered in Farmington Hills, Mich., has 194 branches in Michigan and total assets of $8.5 billion.