National City Corporation the holding company whose primary subsidiary is National City Bank. It provides many financial services from personal banking and wealth planning to commercial banking. Operating in nine states, it has over 1400 branches1. Founded in 1845, the company traces its roots over 160 years2.
Fast Facts
- Stock symbol: NCC
- Revenue (2007): $11,829,609,000 3
- Market Cap: $3.95 Billion 4
- Founders: Reuben Sheldon and Theodoric C. Severance
- Year Established: 1845
- Industry: Regional Midwest Banks
- 226 on the 2008 Fortune 500 list
- HQ: Cleveland,Ohio
- Chairman and CEO: Peter E. Raskind
- 30,302 full time employees5
- (216) 222-2000
Key Dates
- 17 May 1845: City Bank of Cleveland was granted state charter
- 1865: City Bank of Cleveland reorganizes as National City Bank
- 1930s: Gives customers 100% of funds requested during depression, maintaining full access accounts 6
- 1973: National City Corp founded as holding company
- 1980s-2000s: Expands into Kentucky, Indiana, Michigan, Pennsylvania, Illinois, Florida, Missouri, and Wisconsin
- 2007-2008: Suffers billions of dollars in losses in fallout of Subprime Mortgage Crisis7
- ↑ New York Times 1
- ↑ New York Times 2
- ↑ Yahoo! Finance 3
- ↑ Yahoo! Finance 4
- ↑ Google Finance 5
- ↑ ReferenceForBusiness.com 6
- ↑ Cleveland Plain Dealer 7
