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NBD BOARD AUTHORIZES STOCK REPURCHASE

 DETROIT, Aug. 16 /PRNewswire/ -- The Board of Directors of NBD Bancorp, Inc. (NYSE: NBD) today authorized the repurchase of up to 7 million shares of the corporation's common stock. Purchases would be made from time to time on the open market or in privately negotiated transactions.
 Shares purchased under the authorization, if any, would be used for general corporate purposes, including employee stock award programs, future acquisitions and other appropriate uses.
 At June 30, 1993, NBD Bancorp had 160,557,393 common shares outstanding.
 -0- 8/16/93
 /NOTE: ILLINOIS EDITORS - NBD Bancorp is the parent company of two metropolitan Chicago banks with total assets of over $5 billion and 40 offices. OHIO EDITORS - NBD Bancorp is the parent company of NBD Bank with 23 offices in Columbus and Dayton, Ohio. INDIANA EDITORS - NBD Bancorp is the parent company of NBD Bank of Elkhart, Ind., NBD Bank, N.A. of Merrillville, Ind., and the INB Banks of Evansville, Indianapolis and Jeffersonville, Ind. NBD has 242 offices in Indiana and $10 billion in assets. NBD Bancorp is the largest banking company in the state based on total assets. FLORIDA EDITORS - NBD Bancorp is the parent company of NBD Trust Company of Florida, N.A. with offices in North Palm Beach, Sarasota, Boca Raton and Naples, and NBD Bank, FSB with offices in Venice, Sarasota, North Palm Beach, Boca Raton and Naples.
 CONTACT: J. Richard Johnson, 313-225-2591, or Susan E. Cherry, 313-225-3462, both of NBD/
 (NBD)


CO: NBD Bancorp, Inc. ST: Michigan IN: FIN SU:

SB -- DE019 -- 3052 08/16/93 11:58 EDT
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Publication:PR Newswire
Date:Aug 16, 1993
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