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RICHARD L. THOMAS TO BECOME CHAIRMAN OF THE BOARD AND CHIEF EXECUTIVE OFFICER OF FIRST CHICAGO AND THE FIRST NATIONAL BANK OF CHICAGO

RICHARD L. THOMAS TO BECOME CHAIRMAN OF THE BOARD AND CHIEF EXECUTIVE
    OFFICER OF FIRST CHICAGO AND THE FIRST NATIONAL BANK OF CHICAGO
    CHICAGO, Nov. 8 /PRNewswire/ -- First Chicago Corp. (NYSE: FNB) announced today that its board of directors and the board of directors of its principal operating subsidiary, The First National Bank of Chicago, have elected Richard L. Thomas, currently president of the corporation and the bank, to become chairman of the board and chief executive officer, effective Jan. 1, 1992.  At that time, Barry F. Sullivan will retire as chairman of First Chicago Corp. and the bank. Thomas will also retain the title of president of the corporation and the bank.
    Sullivan, who on Oct. 30 announced his intention to retire, stated, "I am delighted with the board's choice of Dick Thomas to succeed me at First Chicago.  Dick has worked at First Chicago for most of his life, knows our business, our people and our customers very well.  His reputation in our community and our industry is well known, and I have every confidence in his ability to lead First Chicago in the years ahead."
    Thomas, 60 years old, joined The First National Bank of Chicago in 1958 as a trainee in the commercial banking department.  Thereafter, he held a series of positions, which included opening and serving as general manager of the bank's first foreign branch in London in 1965. Thomas has been a director of the corporation and the bank since 1973, and was elected president of the corporation in 1974 and of the bank in 1975.  For the last five years, in addition to other corporate responsibilities, he has directed the bank's growth in the middle market, consumer and credit card businesses.
    Thomas, a graduate of Kenyon College in 1953 and the Harvard Business School in 1958, has been involved in numerous civic and business activities.  Thomas is currently a trustee of Northwestern University, Kenyon College and Rush-Presbyterian-St. Luke's Medical Center, and has recently completed a five-year term as chairman of the board of the Chicago Symphony Orchestra.  He also serves as a director of Sara Lee Corp. and CNA Financial Corp.
    "I am honored and pleased to receive this vote of confidence from the board, and I look forward to taking on the many challenges confronting First Chicago and our industry.  I have enjoyed working with Barry over the last decade, and am proud to be associated with our outstanding management team and dedicated employees.  I believe that we have a strong franchise, and that we are well-positioned to succeed," Thomas said.
    -0-           11/8/91
    /CONTACT:  Lisabeth Weiner of First Chicago, 312-732-4455/
    (FNB) CO:  First Chicago Corp. ST:  Illinois IN:  FIN SU:  PER SM -- NY050 -- 2669 11/08/91 15:28 EST
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Publication:PR Newswire
Date:Nov 8, 1991
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