Release Details

CHICAGO, May 11, 1998 – First Chicago NBD Corporation (NYSE: FCN) announced today that it has completed the acquisition of Roney & Co., a regional full-service investment firm.

Together, Roney and First Chicago NBD serve 300,000 retail brokerage customers across the Midwest through more than 500 investment representatives.

The brokerage firm operates under the Roney name, and Robert J. Michelotti continues to serve as President and CEO. Roney provides equity as well as municipal and corporate debt underwriting as the Roney Capital Markets division of First Chicago Capital Markets Inc., the Corporation’s Section 20 subsidiary.

First Chicago NBD also operates a broker-dealer subsidiary, First Chicago NBD Investment Services, Inc., which currently has more than 200 investment representatives and serves more than 200,000 client accounts.

First Chicago NBD Corporation has assets of $115 billion, making it the nation’s 9th largest bank holding company. Last month, it announced plans to merge with BANC ONE CORPORATION to create a premier national provider of financial services.

For further information: First Chicago NBD: Media Contact Thomas A. Kelly (312)732-7007