Mitchell, Chls/ National City Bank
<p>vanderlip</p>
<div>
</div>
<div>also James Perkins</div>
<p>
<a href="http://en.wikipedia.org/wiki/National_City_Bank">http://en.wikipedia.org/wiki/National_City_Bank</a></p>
<p>
<b>National City Corporation</b><span class="Apple-converted-space"> </span>was a<span class="Apple-converted-space"> </span><a href="http://en.wikipedia.org/wiki/Regional_bank" title="Regional bank" style=" text-decoration: none; color: rgb(11, 0, 128); background: none;">regional bank</a><span class="Apple-converted-space"> </span>holding company based in<span class="Apple-converted-space"> </span><a href="http://en.wikipedia.org/wiki/Cleveland,_Ohio" title="Cleveland, Ohio" class="mw-redirect" style=" text-decoration: none; color: rgb(11, 0, 128); background: none;">Cleveland, Ohio</a>, USA, 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<span class="Apple-converted-space"> </span><b>National City Mortgage</b><span class="Apple-converted-space"> </span>is credited for doing the first mortgage in America. The company operated through an extensive banking network primarily in Ohio, Illinois, Indiana, Kentucky, Michigan, Missouri, Pennsylvania, Florida, and Wisconsin, and also served customers in selected markets nationally. Its core businesses included commercial and retail banking, mortgage financing and servicing, consumer finance, and asset management. The bank reached out to customers primarily through mass advertising and offered comprehensive banking services online. In its last years, the company was commonly known in the media by the abbreviated<span class="Apple-converted-space"> </span><b>NatCity</b>,<sup id="cite_ref-2" class="reference" style=" line-height: 1; unicode-bidi: -webkit-isolate; font-weight: normal; font-style: normal;"><a href="http://en.wikipedia.org/wiki/National_City_Bank#cite_note-2" style=" text-decoration: none; color: rgb(11, 0, 128); white-space: nowrap; background: none;"><span>[</span>2<span>]</span></a></sup><sup id="cite_ref-3" class="reference" style=" line-height: 1; unicode-bidi: -webkit-isolate; font-weight: normal; font-style: normal;"><a href="http://en.wikipedia.org/wiki/National_City_Bank#cite_note-3" style=" text-decoration: none; color: rgb(11, 0, 128); white-space: nowrap; background: none;"><span>[</span>3<span>]</span></a></sup><span class="Apple-converted-space"> </span>with its<span class="Apple-converted-space"> </span><a href="http://en.wikipedia.org/wiki/Investment_banking" title="Investment banking" style=" text-decoration: none; color: rgb(11, 0, 128); background: none;">investment banking</a><span class="Apple-converted-space"> </span>arm even bearing the official name<span class="Apple-converted-space"> </span><b>NatCity Investments</b>.<sup id="cite_ref-4" class="reference" style=" line-height: 1; unicode-bidi: -webkit-isolate; font-weight: normal; font-style: normal;"><a href="http://en.wikipedia.org/wiki/National_City_Bank#cite_note-4" style=" text-decoration: none; color: rgb(11, 0, 128); white-space: nowrap; background: none;"><span>[</span>4<span>]</span></a></sup>
In 2007, National City Corp. ranked number 188 on the<span class="Apple-converted-space"> </span><a href="http://en.wikipedia.org/wiki/Fortune_500" title="Fortune 500" style=" text-decoration: none; color: rgb(11, 0, 128); background: none;">Fortune 500</a><span class="Apple-converted-space"> </span>list, and 9th in terms of revenue in the U.S.<span class="Apple-converted-space"> </span><a href="http://en.wikipedia.org/wiki/Commercial_banking" title="Commercial banking" class="mw-redirect" style=" text-decoration: none; color: rgb(11, 0, 128); background: none;">commercial banking</a><span class="Apple-converted-space"> </span>industry with total assets of about $140 billion.</p>
<p>
<a href="http://en.wikipedia.org/wiki/PNC_Financial_Services" title="PNC Financial Services" style=" text-decoration: none; color: rgb(11, 0, 128); background: none;">PNC Financial Services</a><span class="Apple-converted-space"> </span>announced October 24, 2008, its<span class="Apple-converted-space"> </span><a href="http://en.wikipedia.org/wiki/National_City_acquisition_by_PNC" title="National City acquisition by PNC" style=" text-decoration: none; color: rgb(11, 0, 128); background: none;">purchase</a><span class="Apple-converted-space"> </span>of National City for about $5.2 billion in stock with funds from the U.S. Treasury. At the time of the acquisition, National City had been the 7th largest bank in the United States,<sup id="cite_ref-5" class="reference" style=" line-height: 1; unicode-bidi: -webkit-isolate; font-weight: normal; font-style: normal;"><a href="http://en.wikipedia.org/wiki/National_City_Bank#cite_note-5" style=" text-decoration: none; color: rgb(11, 0, 128); white-space: nowrap; background: none;"><span>[</span>5<span>]</span></a></sup><span class="Apple-converted-space"> </span>two spots ahead of acquirer PNC. The deal was finalized on December 31, 2008, and the National City name was retired on June 14, 2010.
</p>
<div id="toc" class="toc" style=" border: 1px solid rgb(170, 170, 170); padding: 7px; font-size: 13px; display: table; zoom: 1; color: rgb(37, 37, 37); font-family: sans-serif; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; orphans: auto; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: auto; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: rgb(249, 249, 249);">
<div id="toctitle" style=" direction: ltr; text-align: center;">
<h2 style=" color: black; font-weight: bold; margin: 1em 0px 0.25em; overflow: hidden; padding: 0px; border: none; font-size: 13px; display: inline; font-family: sans-serif; line-height: 1.3; background: none;">Contents</h2>
<span class="Apple-converted-space"> </span><span class="toctoggle" style=" -webkit-user-select: none; font-size: 13px;"> [<a href="http://en.wikipedia.org/wiki/National_City_Bank#" class="internal" id="togglelink" style=" text-decoration: none; color: rgb(11, 0, 128); background: none;">hide</a>] </span></div>
<ul style=" line-height: 1.6; list-style-type: none; margin: 0.3em 0px; padding: 0px; list-style-image: none; text-align: left;">
<li class="toclevel-1 tocsection-1" style=" margin-bottom: 0.1em;"><a href="http://en.wikipedia.org/wiki/National_City_Bank#Regulatory_scrutiny" style=" text-decoration: none; color: rgb(11, 0, 128); background: none;"><span class="tocnumber">1</span><span class="Apple-converted-space"> </span><span class="toctext">Regulatory scrutiny</span></a></li>
<li class="toclevel-1 tocsection-2" style=" margin-bottom: 0.1em;"><a href="http://en.wikipedia.org/wiki/National_City_Bank#History" style=" text-decoration: none; color: rgb(11, 0, 128); background: none;"><span class="tocnumber">2</span><span class="Apple-converted-space"> </span><span class="toctext">History</span></a>
<ul style=" line-height: 1.6; list-style-type: none; margin: 0px 0px 0px 2em; padding: 0px; list-style-image: none; text-align: left;">
<li class="toclevel-2 tocsection-3" style=" margin-bottom: 0.1em;"><a href="http://en.wikipedia.org/wiki/National_City_Bank#Recent_transactions" style=" text-decoration: none; color: rgb(11, 0, 128); background: none;"><span class="tocnumber">2.1</span><span class="Apple-converted-space"> </span><span class="toctext">Recent transactions</span></a></li>
<li class="toclevel-2 tocsection-4" style=" margin-bottom: 0.1em;"><a href="http://en.wikipedia.org/wiki/National_City_Bank#Strategic_changes_and_subsequent_downfall" style=" text-decoration: none; color: rgb(11, 0, 128); background: none;"><span class="tocnumber">2.2</span><span class="Apple-converted-space"> </span><span class="toctext">Strategic changes and subsequent downfall</span></a></li>
<li class="toclevel-2 tocsection-5" style=" margin-bottom: 0.1em;"><a href="http://en.wikipedia.org/wiki/National_City_Bank#Acquired_by_PNC" style=" text-decoration: none; color: rgb(11, 0, 128); background: none;"><span class="tocnumber">2.3</span><span class="Apple-converted-space"> </span><span class="toctext">Acquired by PNC</span></a></li>
</ul>
</li>
<li class="toclevel-1 tocsection-6" style=" margin-bottom: 0.1em;"><a href="http://en.wikipedia.org/wiki/National_City_Bank#Combined_PNC_and_National_City_Facts.5B33.5D" style=" text-decoration: none; color: rgb(11, 0, 128); background: none;"><span class="tocnumber">3</span><span class="Apple-converted-space"> </span><span class="toctext">Combined PNC and National City Facts<sup style=" line-height: 1;"><span>[</span>33<span>]</span></sup></span></a></li>
<li class="toclevel-1 tocsection-7" style=" margin-bottom: 0.1em;"><a href="http://en.wikipedia.org/wiki/National_City_Bank#Historical_timeline.5B34.5D" style=" text-decoration: none; color: rgb(11, 0, 128); background: none;"><span class="tocnumber">4</span><span class="Apple-converted-space"> </span><span class="toctext">Historical timeline<sup style=" line-height: 1;"><span>[</span>34<span>]</span></sup></span></a>
<ul style=" line-height: 1.6; list-style-type: none; margin: 0px 0px 0px 2em; padding: 0px; list-style-image: none; text-align: left;">
<li class="toclevel-2 tocsection-8" style=" margin-bottom: 0.1em;"><a href="http://en.wikipedia.org/wiki/National_City_Bank#From_pioneer_times_to_the_Great_Depression" style=" text-decoration: none; color: rgb(11, 0, 128); background: none;"><span class="tocnumber">4.1</span><span class="Apple-converted-space"> </span><span class="toctext">From pioneer times to the Great Depression</span></a></li>
<li class="toclevel-2 tocsection-9" style=" margin-bottom: 0.1em;"><a href="http://en.wikipedia.org/wiki/National_City_Bank#Grows_throughout_much_of_Ohio" style=" text-decoration: none; color: rgb(11, 0, 128); background: none;"><span class="tocnumber">4.2</span><span class="Apple-converted-space"> </span><span class="toctext">Grows throughout much of Ohio</span></a></li>
<li class="toclevel-2 tocsection-10" style=" margin-bottom: 0.1em;"><a href="http://en.wikipedia.org/wiki/National_City_Bank#Becomes_interstate_bank" style=" text-decoration: none; color: rgb(11, 0, 128); background: none;"><span class="tocnumber">4.3</span><span class="Apple-converted-space"> </span><span class="toctext">Becomes interstate bank</span></a></li>
<li class="toclevel-2 tocsection-11" style=" margin-bottom: 0.1em;"><a href="http://en.wikipedia.org/wiki/National_City_Bank#The_final_years:_a_banking_conglomerate" style=" text-decoration: none; color: rgb(11, 0, 128); background: none;"><span class="tocnumber">4.4</span><span class="Apple-converted-space"> </span><span class="toctext">The final years: a banking conglomerate</span></a></li>
<li class="toclevel-2 tocsection-12" style=" margin-bottom: 0.1em;"><a href="http://en.wikipedia.org/wiki/National_City_Bank#Merger_with_PNC_and_last_actions_as_independent_bank" style=" text-decoration: none; color: rgb(11, 0, 128); background: none;"><span class="tocnumber">4.5</span><span class="Apple-converted-space"> </span><span class="toctext">Merger with PNC and last actions as independent bank</span></a></li>
</ul>
</li>
<li class="toclevel-1 tocsection-13" style=" margin-bottom: 0.1em;"><a href="http://en.wikipedia.org/wiki/National_City_Bank#References" style=" text-decoration: none; color: rgb(11, 0, 128); background: none;"><span class="tocnumber">5</span><span class="Apple-converted-space"> </span><span class="toctext">References</span></a></li>
<li class="toclevel-1 tocsection-14" style=" margin-bottom: 0.1em;"><a href="http://en.wikipedia.org/wiki/National_City_Bank#External_links" style=" text-decoration: none; color: rgb(11, 0, 128); background: none;"><span class="tocnumber">6</span><span class="Apple-converted-space"> </span><span class="toctext">External links</span></a></li>
</ul>
</div>
<p> </p>
<p>
</p>