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NBD INCREASES DIVIDEND

 NBD INCREASES DIVIDEND
 DETROIT, Sept. 21 /PRNewswire/ -- NBD Bancorp (NYSE: NBD) today


increased its dividend for the 27th consecutive year. The Board of Directors declared a quarterly dividend of $.27 per share for shareholders of record Oct. 20, 1992, payable on Nov. 10, 1992. This represents an 8-percent increase in the dividend.
 Chairman and President Charles T. Fisher III said, "I am pleased to announce the board's action raising the dividend for our shareholders. It represents the corporation's steadily increasing core earnings during the year and the strength of our capital base.
 "Importantly, an increase in the dividend demonstrates our confidence in the prospects for future earnings that includes the banks we have acquired and will acquire this year," Fisher said.
 NBD has paid dividends every year since 1935 and increased the dividend at least once each year since 1966.
 -0- 9/21/92
 /NOTE: ILLINOIS EDITORS - NBD Bancorp is the parent company of 18 Metropolitan Chicago Banks with total assets of over $5 billion. OHIO EDITORS - NBD Bancorp is the parent company of NBD Bank with 21 branches in Columbus and Dayton, Ohio. INDIANA EDITORS - NBD Bancorp is the parent company of Midwest Commerce Banking Company of Elkhart, Ind., NBD Gainer Bank of Merrillville, Ind., and Summcorp of Fort Wayne, Ind. NBD has 109 offices in Indiana and $4.8 billion in assets. NBD also has a pending merger agreement with INB Financial Corporation, a $6.6 billion bank holding company based in Indianapolis, Ind. FLORIDA EDITORS - NBD Bancorp is the parent company of NBD Trust Company of Florida with offices in North Palm Beach, Sarasota, Boca Raton and Naples, and NBD Bank FSB with offices in Venice, Sarasota, North Palm Beach and Boca Raton.
 CONTACT: J. Richard Johnson, 313-225-2591, or M. Renee Ahee, 313-225-2596, both of NBD Bancorp/
 (NBD) CO: NBD Bancorp ST: Michigan IN: FIN SU: DIV


JG -- DE010 -- 1594 09/21/92 10:54 EDT
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Publication:PR Newswire
Date:Sep 21, 1992
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