Shareholders of BankAmerica Corp. and Security Pacific Corp. approved the companies' merger on Thursday, but BankAmerica's chairman, Richard M. Rosenberg, said the deal would not be completed in February as had been expected.

Mr. Rosenberg told the BankAmerica shareholders he expects the closing to take place in the spring.

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.