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National City Bank |
| The National City Bank is one of the top 10 banking institutions in the United States comprising of deposits, mortgages and home equity lines of credit as its significant aspects. Besides retail banking and mortgages, the National City Bank is also reputed for its quality services in the realm of asset management, consumer finance as well as commercial banking. Its presence is most popular in Florida, Wisconsin, Michigan and above all Ohio. |
History of National City Bank:
National City Bank was established as City Bank of Cleveland in 1845 by a group of businessmen who contributed about $50,000 each to set up the institution. By 1865 it was christened as the National City Bank of Cleveland and was entrusted the right to print federal money. This operation continued till the 20th century when the Federal Reserve took on the responsibility of printing all US currencies.
Ever since its inception, the bank has acquired a number of banking and financial institutions. Some of the most renowned acquisitions of the bank are First National Bank of Dayton, The Hurron County Banking, Ohio Citizens Bancorp, and the Broadview Savings and Loan Company. Within a span of over 150 years, the National City Bank has crossed over $32 billion in assets and over 640 branches and is continually growing.
The headquarters of the National City Bank is located in Ohio and boasts of total assets of around $140 billion.
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