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National City Corporation

National City Corporation

Awards

IU Indianapolis Spirit of Philanthropy Award - 2002

About National City Corporation

National City Corporation was a regional bank holding company based in Cleveland, Ohio, 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 National City Mortgage is credited for doing the first mortgage in America. In 2007, National City Corp. ranked number 188 on the Fortune 500 list., and 9th in terms of revenue in the U.S. commercial banking industry with total assets of about $140 billion.

PNC Financial Services announced October 24, 2008, its purchase of National City. At the time of the acquisition, National City had been the 7th largest bank in the United States,[5] 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.

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