NationsBank Corp. and Banc One Corp. have told regulators that they each expect to absorb more than $1 billion in charges to complete their pending mergers.

NationsBank, in a regulatory disclosure Tuesday, said it will spend $1.3 billion in its deal with BankAmerica Corp., mainly to cover employee severance, office closings, and system conversions.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

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