NationalCity.com A bank that offers personal, business, and commercial banking
National City Corporation
About the company and its history
Headquartered in Cleveland, Ohio the National City Corporation was founded in 1845 by a group of businessmen. It belongs to the league of top ten banks of United States. The bank has a network of branches in Florida, Illinois, Indiana, Kentucky, Missouri, Michigan, Ohio, Pennsylvania and Wisconsin. It also caters to the needs of customers in other selected markets of the country.
1845 - The Ohio Bank Act of 1845 came into existence
1845 - Reuben Sheldon and Theodoric C. Severance organize The City Bank of Cleveland
1858 - City Bank helps in establishing Cleveland's first clearinghouse association in order to facilitate exchange between associated banks.
1863 - First National Bank of Louisville was chartered.
1865 - City Bank of Cleveland becomes National City Bank of Cleveland, also bagging the right to print federal money which lasted until the twentieth century when Federal Reserve took that charge.
1871 - First National Bank, Dayton was founded this year.
1921 - National City Bank moves to new address on the corner of Euclid Ave. and East Sixth St.
1929 - National City Bank grows its assets to $40 million.
1933 - The National Banking Act of 1933 (the Glass-Steagall Act) is made law.
1934 - On January 1, FDIC insurance is introduced.
1945 - Assets grows to $500 million in its 100th year.
1962 - Computerized its saving deposit accounts and assets reach a billion dollar.
1967 - First National Bank of Louisville introduced the first MasterCard.
1971 - National City Bank becomes first Cleveland bank to install cash dispenser machines.
1972 - National City Bank's assets cross $2 billion mark.
1973 - A new holding company, National City Corporation, is created with National City Bank as its lead bank and primary subsidiary.
1980 - National City Bank earnings fall slightly for the first time in 17 years.
1982 - National City Bank back on track of growth in annual earnings.
1995 - National City marks its 150th Anniversary with $32 billion in assets, 640 branches and 20,000 employees.
1997 - National City merges with First of America creating the 13th largest banking organization in the U.S. at that time in terms of total assets.
1998 - Launched online banking.
2006 - National City sells First Franklin group to Merrill Lynch & Co. for $1.3 billion.
2007 - National City purchases the naming rights for Riverbend Music Center's new pavilion that will open in June 2008.
What they do?
Their area of operation includes commercial and retail banking, mortgages, consumer financing and asset management.
Products and Services
Personal Banking
Checking Accounts
Free Checking - Minimum opening deposit is $50.
Free Checking Plus - Minimum opening deposit is $50.
Interest Checking - Minimum opening deposit is $50.
Interest Checking Plus - Minimum opening deposit is $50.
Elite Checking - Minimum opening deposit is $50.
Saving & Investing Accounts
Student Savings - $0 Minimum opening deposit
Personal Savings - $0 Minimum opening deposit
Money Market Savings - $1,500 Minimum opening deposit
Health Savings - $50.00 Minimum opening deposit
Loans
Home equity line of credit - A line of credit, tied to the equity in your home, that provides ongoing access to funds once you are approved.
Home equity loan - A loan, based on your home’s equity, that lets you borrow a lump sum of money for a set period of time.
Car & truck loans
Personal credit line - A line of credit often offers better rates and lower minimum monthly payments than most credit cards.
Student loans - Federal Stafford, PLUS and private loan options available for students and parents.
Other loans - Loans for many purposes, including boats, RVs, jet skies and motorcycles.
Cards
Credit cards
Prepaid cards - The National City Visa Gift Card, Visa TravelMoney, Visa Buxx and PayCard Direct are prepaid cards that can be used everywhere that accepts Visa debit cards for your gift-giving, travel or financial needs.
Debit/ATM cards
Mortgages
Fixed-rate mortgage - For those who plan to stay in home for several years and expect interest rates to rise.
(ARM) Adjustable-rate mortgage - If you predict that your income will be higher over the next few years
HomeAtLast - FHA/VA - Offers more flexible credit guidelines
Jumbo - For those who want to borrow more than $417,000
New home construction loans
Construction/ Permanent mortgage
New Home Construction Loans
- Lot loan - For those who are not quite ready to build, but would like to purchase the lot
- Construction/ Permanent mortgage - Those who already have the lot and know they want a single loan to cover both the construction phase and the permanent mortgage
Insurance
Auto
Health - Medical insurance, dental, vision and/or prescription drug insurance.
Home
Life
Fixed annuities
Identity Protect - Helps prevent identity theft.
Additional insurance products
- Disaster Mortgage Protection - Provides mortgage payment protection and other valuable coverage should a disaster strikes your home.
- Long-term care - Pays benefits to help defray the costs of extended home health care or confinement to a nursing home.
- Accidental death & dismemberment - Provides benefits in case of accidental death or injury.
Wealth services
Provides customized and expert investment guidance to high net-worth individuals and businesses.
Small Business Banking
Checking
Free Small Business Checking
Small Business Preferred Checking
Commercial Checking
Interest-bearing accounts
Business Interest Checking
Business Sweep Checking
Small Business lines, loans and leases
Small Business Premium Credit Line - An unsecured credit line for short-term borrowing needs
Small Business Equity Line of Credit - Establish credit in the business’s name using the equity in the business owner’s home.
Small Business Line of Credit - A secured line of credit to finance working capital Typically secured by assets owned by the business
Small Business Term Loan - For financing a fixed asset purchase such as equipment, commercial vehicles or to consolidate debt
Commercial Real Estate Loan - For buying, improving or refinancing commercial property
SBA Loans/Lines - Terms up to 20 years, depending on use of proceeds
Small Business - Typically 24 to 84 months – depending upon the useful life of the asset leased
Cash Management
Remote Deposit
Wire Transfer
ACH Payments
Cards
Credit cards
Gift Cards
Debit/ATM cards
Resources
Business Resource Center
Women in Business
Specialty Services
Insurance
Merchant Services
Payroll Services
Corporate Banking
Business Financing - This covers Equipment leasing, Commerical Real Estate, Dealer Floorplan etc.
Global Treasury Management - This area concentrates on Payables, Receivables, Automated investing etc.
Asset Management - They also do asset management partnering Allegiant Group, Travel Financial Services.
International services - The international services include Foreign exchange, Canadian Treasury Manager, National City Canada etc.
Capital Markets - Capital market includes Investment Banking, Loan syndications, Interest rate risk management etc.
How big are they?
According to the reports published in 2007 the company was placed at 188th position in the list of Fortune 500 Global Companies. They were also placed ninth in terms of revenue among commercial banks. The company has total assets worth $140 billion and a market capitalization of about $24 billion.
About the Website
Homepage
The homepage is decent looking and well organized unlike other banking websites which are crammed with so much of information that a user is confused where to go. The Homepage has a login facility for its customers, personal banking page, small business banking page, corporate page, about National City page, information on careers, news, diversity, investor relations etc. The web pages are easy to navigate, fast and efficient making online banking a joy. As discussed earlier the bank launched its online banking facility in 1998, one of the earliest banks to introduce that feature.
Account Login
This is available on the left side of the homepage where in bank customers can login to view their account or carry out transactions. It allows users to login to their personal accounts, card services, and mortgage accounts.
Personal Tab
This section of the homepage provides online banking services for personal accounts like checking account, savings account, mortgage accounts, loans, cards, insurance and investing.
Small Business Tab
This page provides the business users with their account login, business checking account services, savings accounts, loans and leases, cash management, cards, business resources and specialty services like insurance, merchant service and payroll services.
Corporate Banking Tab
This page caters to the needs of big businesses with online banking service, business financing, global treasury management, asset management, international services like foreign exchange, capital market services like investment banking; asset based lending services and resources for big businesses.
About National City
This section gives information about the company, career opportunities, news, community relations and diversity.
Website Rank
The website has a traffic rank of 36,090 and constitutes 0.0055% of the total Internet traffic.
Address
- National City Corporation
- National City Center
- 1900 East Ninth Street
- Cleveland, Ohio 44114-3484
- Phone: (216) 222-2000
Languages
English
Address
- 1900 E 9th St
- Cleveland OH 44114-3484 US
References
6. http://money.cnn.com/magazines/fortune/fortune500/2007/full_list/index.html
Additional Information
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- Alexa: NationalCity.com
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