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Home > Fortune 500 Companies > Natl City Corp
Natl City Corp
Natl City Corp is a fortune 500 stock listed company trading under NCC with a good stock performance result. Natl City was founded in 1845 and is headquartered in Cleveland, Ohio.
National City Corporation, a financial holding company, provides commercial and retail banking, mortgage financing and servicing, consumer finance, and asset management services. The Consumer and Small Business Financial Services provide small business banking services, dealer finance, education finance, retail brokerage, and lending-related insurance services to consumers and small businesses.
Its consumer lending products include home equity, automobile floor plan, marine, recreational vehicle installment loans, student loans, credit cards, and other unsecured personal and small business lines of credit. The Wholesale Banking provides credit-related and treasury management services, and capital markets and international services to large and medium-sized corporations.
It offers lines of credit, term loans, leases, investment real estate lending, asset-based lending, structured finance, syndicated lending, equity and mezzanine capital, treasury management, and other services. The National City Mortgage offers residential mortgage and home equity loans for third-party investors. The National Consumer Finance provides home equity loans and nonconforming residential mortgage loans. The Asset Management business offers institutional asset and personal wealth management services.
Its services include investment management, custody, retirement planning services, other corporate trust services, private banking services and credit solutions, brokerage, estate and tax planning, and trust management and administration services for individuals and families, as well as institutional clients, publicly traded corporations, charitable endowments, foundations, and unions.
The company operated 1200 branch offices in Ohio, Illinois, Indiana, Kentucky, Michigan, Missouri, and Pennsylvania in the United States and 540 retail and wholesale mortgage offices on December 31, 2005.
As of December 31, 2005, the Company operated five lines of businesses namely Consumer and Small Business Financial Services (CSB), Wholesale Banking, National City Mortgage (NCM), National Consumer Finance (NCF) and Asset Management. On January 15, 2006, National City acquired Charter One Vendor Finance. Subsequently, Charter One Vendor Finance was renamed as National City Vendor Finance (NCVF). NCVF serves vendors, such as manufacturers, value-added resellers and select specialized lessons, in middle and large-ticket equipment and software markets, and finances equipment and real estate for franchises of selected franchisors.
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