Shareholders of First Chicago NBD Corp. and Banc One Corp. overwhelmingly approved the companies' planned merger in Tuesday meetings here and in Columbus, Ohio.

The shareholder vote was one of the last hurdles before the $21 billion deal could be completed. The merger must still be approved by the Indiana Department of Financial Institutions, which is expected to make a decision next week. Company officials hope to close the deal early next month.

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.