FEDERAL RESERVE APPROVES NATIONAL CITY CORPORATION'S APPLICATION TO ACQUIRE OHIO BANCORP
CLEVELAND, July 29 /PRNewswire/ -- The Federal Reserve approved on July 22 the application of National City Corporation (NYSE: NCC) to acquire Ohio Bancorp (NASDAQ: OHBC), a $1.6 billion bank holding company headquartered in Youngstown, Ohio. National City had announced on April 2, 1993 that it signed a definitive agreement to acquire Ohio Bancorp. Ohio Bancorp's shareholders will consider approval of the acquisition at a special shareholders' meeting scheduled for Aug. 31, 1993. Pending the approval of Ohio Bancorp's shareholders, National City expects to complete the acquisition in October of this year.
Profile of National City Corporation
National City Corporation is a $29 billion diversified financial services company headquartered in Cleveland. National City operates banks and other financial service subsidiaries principally in Ohio, Kentucky and Indiana.
Profile of Ohio Bancorp
Ohio Bancorp is a $1.6 billion regional bank holding company based in Youngstown, Ohio, with more than 52 branch offices located throughout eastern Ohio. -0- 7/29/93 /CONTACT: Mary H. Griffith, senior vice president and director, National City Communications, 216-575-2728/ (NCC OHBC)
CO: National City Corporation; Ohio Bancorp ST: Ohio IN: FIN SU: TNM
BM -- CL020 -- 7265 07/29/93 13:48 EDT
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|Date:||Jul 29, 1993|
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