shareholders would own 50.1 percent of the combined company, while NBD shareholders would own 49.9 percent. Richard L. Thomas, chairman and chief executive of First Chicago, would be chairman of the combined company until May 20, 1996, when he plans to resign. Verne G. Istock, chairman of NBD, would be president and chief executive of the combined company until Thomas steps down and replace Thomas as chairman of the combined company. The merger was finalized on December 1, 1995 with the formation of the First Chicago NBD Corporation. On that date, stock for the new company began trading on the New York Stock Exchange under the symbol "FCN". Most customers did not see much of a change as a result of the merger except in suburban Chicago where there was branch overlap. This problem was resolved by the closing of 15 former NBD and 9 former First Chicago offices and the rebranding of the remaining NBD offices to the First Chicago brand. Outside of Illinois, NBD branches were left unaffected. In February 1996, First Chicago NBD sold all of their NBD offices in Ohio to Fifth Third Bancorp. See also Bank One First National Bank of Chicago References Further reading Defunct banks of the United States JPMorgan Chase Companies based in Detroit History of Detroit Banks established in 1933 Banks disestablished in 1995 Defunct companies based in Michigan 1933 establishments in Michigan 1955 disestablishments in the United States