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INB SHAREHOLDERS APPROVE MERGER WITH NBD

 INB SHAREHOLDERS APPROVE MERGER WITH NBD
 INDIANAPOLIS, Sept. 18 /PRNewswire/ -- INB Financial Corporation


(NASDAQ: INBF) shareholders today overwhelmingly approved the corporation's merger with NBD Bancorp, headquartered in Detroit. The proposed affiliation was announced March 18.
 The merger agreement provides that NBD will exchange 1.6 shares of its common stock for each share of INB's common stock. The transaction is valued at approximately $876 million.
 NBD shareholders approved the merger at a special meeting on Sept. 17. Approval also has been received from federal bank regulators and banking regulators in the states of Indiana and Michigan. The transaction is expected to close in mid-October.
 -0- 9/18/92
 /CONTACT: Terri Moyer of INB Financial Corporation, 317-266-5272/ CO: INB Financial Corporation ST: Indiana IN: FIN SU: TNM


LC -- CL019 -- 1296 09/18/92 16:59 EDT
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Publication:PR Newswire
Date:Sep 18, 1992
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