Fed schedules public hearing on bank merger

July 23, 1998
A rare public hearing has been scheduled by the Federal Reserve Board to hear objections to the proposed $29.8 billion merger of First Chicago NBD and Columbus-based Banc One.
     The hearing will be held August 13 in Chicago.
     Suzanne Heffner, spokeswoman for the Federal Reserve Bank of Chicago, told The Columbus Dispatch for a story published today that 41 groups had requested the hearing.
     The merger has been criticized by fair-lending groups as a threat to
competitive lending practices.