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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.
With more than $32 billion in assets and over 600 branch offices in Ohio, Kentucky, and Indiana, National City Corp. is the third-largest bank holding company headquartered in Ohio and ranks among the top twenty banks in the United States in terms of assets.
National City Bank. In 2008, PNC acquired National City Bank, Cleveland's oldest bank known for its commercial leadership, service to its customers, and its contributions to the community. As PNC upholds the core values of National City, it will also preserve the documents that tell its story.
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.
Company profile page for National City Corp including stock price, company news, executives, board members, and contact information.
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.
Its efficient and automated banking services established NCB as one of the leading banks in Cuyahoga County. The formation of a bank holding company, National City Corporation, in 1973 enabled the bank to extend its services. By 1984, NCC became the state's largest holding company.
