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National City Corporation was a regional bank holding company based in Cleveland, Ohio, founded in 1845; it was once one of the ten largest banks in America in terms of deposits, mortgages and home equity lines of credit. Subsidiary National City Mortgage is credited for doing the first mortgage in America.
The National City acquisition by PNC was the deal by PNC Financial Services to acquire National City Corp. on October 24, 2008 following National City's untenable loan losses during the subprime mortgage crisis.
National City Corp. Address: 1900 East 9th Street. Cleveland, Ohio 44114-3484. U.S.A. Telephone: (216) 575-2000. Fax: (216) 575-2509. Statistics: Public Company. Incorporated: 1845 as City Bank of Cleveland. Employees: 20,306. Total Assets: $2.91 billion (1994) Stock Exchanges: New York.
Explore the history of National City Bank, Cleveland's oldest bank, through its documents and artifacts. See how it evolved from a local savings bank to a national bank and how it served its customers and community.
National City Corporation provides financial services. The Company offers commercial and retail banking, asset management, mortgage financing, and processing services.
PITTSBURGH, Oct. 24 / PRNewswire-FirstCall / -- The PNC Financial Services Group, Inc. (NYSE: PNC) and National City Corporation (NYSE: NCC) today announced that they have signed a definitive agreement for PNC to acquire National City for $2.23 per share, or an aggregate fixed amount of approximately $5.2 billion in PNC stock.
May 13, 2005 · National City Corporation. The PNC Financial Services Group completed its acquisition of National City Corporation effective December 31, 2008. Press Release. Merger Consideration Information. View a sample tax worksheet, including merger consideration information, for National City purposes only.
