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NATIONAL CITY CORPORATION COMPLETES MERGER WITH MERCHANTS NATIONAL CORPORATION

 NATIONAL CITY CORPORATION COMPLETES MERGER WITH
 MERCHANTS NATIONAL CORPORATION
 CLEVELAND, May 4 /PRNewswire/ -- National City Corporation (NYSE: NCC) today announced the completion on May 2 of its previously announced merger with Merchants National Corporation (NASDAQ: MCHN), a $5.4 billion bank holding company headquartered in Indianapolis. The merger was approved by the Federal Reserve on March 16 and won overwhelming support from the stockholders of both companies at their respective annual meetings held in late April.
 The affiliation with Merchants National gives National City the dominant market share in the tri-state region of Ohio, Kentucky and Indiana, culminating a 10-year acquisition strategy for the corporation. The combined corporation ranks among the 25 largest bank holding companies in the country with assets of approximately $30 billion, and among the 20 largest based on market capitalization of about $3.3 billion. National City operates 32 banks with more than 575 branch offices throughout the tri-state area as well as a variety of other financial service units.
 -0- 5/4/92
 /CONTACT: Margaret P. Flynn of National City Corporation, 216-575-2440/
 (NCC MCHN) CO: National City Corporation; Merchants National Corporation ST: Ohio, Indiana IN: FIN SU: TNM


KK -- CL020 -- 6105 05/04/92 13:52 EDT
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Publication:PR Newswire
Date:May 4, 1992
Words:202
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