Printer Friendly

-- REPEATING AS REQUESTED -- FEDERAL RESERVE APPROVES NATIONAL CITY CORPORATION'S APPLICATION TO ACQUIRE MERCHANTS NATIONAL CORPORATION

 -- REPEATING AS REQUESTED --


FEDERAL RESERVE APPROVES NATIONAL CITY CORPORATION'S APPLICATION
 TO ACQUIRE MERCHANTS NATIONAL CORPORATION
 CLEVELAND, March 17 /PRNewswire/ -- The Federal Reserve yesterday


approved the application of National City Corporation (NYSE: NCC) to acquire Merchants National Corporation (NASDAQ: MCHN), Indianapolis, Ind. National City had announced on Oct. 30, 1991 it signed a definitive agreement to acquire Merchants National Corporation.
 National City Corporation expects to complete the acquisition of Merchants about May 1, 1992, pending shareholder approval at Merchants' and National City's annual meetings scheduled for April 21 and April 27, 1992, respectively, and approval from the U.S. Department of Justice. National City received approval for the merger from the Indiana State Department of Financial Institutions on March 12, 1992.
 National City Corporation is a $24 billion diversified financial services company headquartered in Cleveland. National City operates banks and other financial service subsidiaries principally in Ohio, Kentucky and southern Indiana.
 -0- 3/17/92 R
 /CONTACT: Mary H. Griffith, vice president and director of National City Communications, 216-575-2728/
 (NCC MCHN) CO: National City Corporation; Merchants National Corporation ST: Ohio, Indiana IN: FIN SU: TNM


CG -- CL002 -- 9048 03/18/92 08:22 EST
COPYRIGHT 1992 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1992 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:Mar 18, 1992
Words:193
Previous Article:NBD BANCORP TO ACQUIRE INB FINANCIAL CORPORATION
Next Article:ABB ASEA BROWN BOVERI GROUP REPORTS 1991 RESULTS
Topics:


Related Articles
NATIONAL CITY CORPORATION NAMES DIGIROLAMO COORDINATOR OF MERCHANTS MERGER; TODD NAMED HEAD OF NATIONAL CITY'S COST REDESIGN PROGRAM
TRANSITION COORDINATOR OF MERCHANTS NATIONAL CORPORATION MERGER NAMED; DIGIROLAMO AND MASSEY TO CO-CHAIR MERGER INTEGRATION STEERING COMMITTEE
FEDERAL RESERVE APPROVES NATIONAL CITY CORPORATION'S APPLICATION TO ACQUIRE MERCHANTS NATIONAL CORPORATION
BANC ONE PENDING APPLICATIONS APPROVED BY BOARD OF GOVERNORS OF THE FEDERAL RESERVE
FEDERAL RESERVE APPROVES NATIONAL CITY CORPORATION'S APPLICATION TO ACQUIRE OHIO BANCORP
NATIONAL CITY CORPORATION RECEIVES REGULATORY APPROVAL TO ACQUIRE ASSETS OF RAFFENSPERGER, HUGHES & CO., INC.
FEDERAL RESERVE APPROVES NATIONAL CITY CORPORATION'S APPLICATION TO ACQUIRE INTEGRA FINANCIAL CORPORATION
NATIONAL CITY PROCESSING COMPANY AGREES TO ACQUIRE FIRST DATA RESOURCES REMITTANCE PROCESSING
National Data Corporation Agrees to Acquire Merchant Services USA Company
APPLICATIONS APPROVED UNDER BANK HOLDING COMPANY ACT: By Federal Reserve Banks.

Terms of use | Copyright © 2016 Farlex, Inc. | Feedback | For webmasters