FIRST CHICAGO'S BENNETT TO RESIGN; BALLANTINE NAMED AS CHIEF CREDIT OFFICER
FIRST CHICAGO'S BENNETT TO RESIGN;
BALLANTINE NAMED AS CHIEF CREDIT OFFICER
CHICAGO, Dec. 13 /PRNewswire/ -- First Chicago Corp. (NYSE: FNB) announced today that Executive Vice President and Chief Credit Officer William E. Bennett will resign, effective Jan. 13, 1992, to devote more time to personal and family business interests.
"Bill has made many significant contributions to First Chicago since he joined us in 1968 as a First Scholar," said First Chicago President and Chairman-designate Richard L. Thomas. "We will miss him a great deal both personally and professionally. Because Bill has been such a key player on a number of fronts, he has agreed to remain available to consult with us until the middle of next year."
John W. Ballantine, currently senior vice president and head of the Energy and Transportation Department in the North American Banking Group, will take over as chief credit officer. Ballantine, 45, has been with First Chicago for 21 years, and recently returned to Chicago after serving as head of the New York Banking Department for three years. Prior to that, Ballantine ran First Chicago's Asset Management Department, headed the Latin American Banking Department and served as head of Credit Services in the International Banking Department.
"John's previous experience and knowledge of First Chicago make him an excellent choice for this important job," Thomas said.
/CONTACT: Lisabeth Weiner of First Chicago, 312-732-4455/
(FNB) CO: First Chicago Corporation ST: Illinois IN: FIN SU: PER SM -- NY039 -- 2410 12/13/91 13:42 EST