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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
- 1845; 178 years ago
- NYSE: NCC
- National City Mortgage
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.
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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. Four years later, NCC became an interstate bank with acquisitions in Kentucky, followed by Pennsylvania, Indiana, Michigan, Missouri, Florida and Illinois.
Oct 24, 2008 · National City Corporation, headquartered in Cleveland, Ohio, is one of the nation's largest financial holding companies. The company operates through an extensive banking network primarily in Ohio, Florida, Illinois, Indiana, Kentucky, Michigan, Missouri, Pennsylvania, and Wisconsin and also serves customers in selected markets nationally.
National City Corporation, headquartered in Cleveland, Ohio, is one of the nation's largest financial holding companies. The company operates through an extensive banking network primarily in Ohio, Florida, Illinois, Indiana, Kentucky, Michigan, Missouri, Pennsylvania, and Wisconsin and also serves customers in selected markets nationally.
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.
