National City Mergers and Acquisitions Summary

Financial ServicesCompany

National City has acquired 3 companies of its own. A total of 1 acquisition came from private equity firms. It has also divested 1 asset.

National City’s largest acquisition to date was in 2004, when it acquired Provident Financial Group for $2.1B. It’s largest disclosed sale occurred in 2006, when it sold First Franklin Financial Co to Merrill Lynch Wealth Management for $1.3B. National City has acquired in 3 different US states. The Company’s most targeted sectors include financial services (100%).

Join Mergr and gain access to National City’s M&A summary, the M&A summaries of companies just like it, as well as recent M&A activity in the financial services sector.

M&A Summary

  • M&A Total Activity4
    • M&A Buy Activity3
    • M&A Sell Activity1
  • Total Sectors Invested 1
  • Total Countries Invested 1
  • M&A Buy/Sell Connections 2

National City Corp.

1900 East 9th Street National City Center,
Cleveland, Ohio 44114
United States,
(216) 222-2000

National City Corp. is a mortgage banking organization with over 300 offices. The Company provides mortgage services and is now a part of PNC.

M&A Summary

Buy vs Sell

Year ≤ '01 '02 '03 '04 '05 '06 T
Buy (0.4/yr) # 1 - - 1 - 1 3
vol $2.1B $1.1B $3.2B
Sell (0.2/yr) # - - - - - 1 1
vol $1.3B $1.3B

Most Recent M&A

Company Date Value Type
First Franklin Financial Co, Inc. 2006-09-05 1.3B USD Divestiture
San Jose, California
Harbor Florida Bancshares Inc. 2006-07-12 1.1B USD Add-on Acquisition
Fort Pierce, Florida
Provident Financial Group Inc. 2004-02-18 2.1B USD Add-on Acquisition
Cincinnati, Ohio ·
First Franklin Financial Co, Inc. 1999-07-27 - Add-on Acquisition
San Jose, California
View All >>

M&A by Sector

Sector Buy # Value Sell # Value
Financial Services 3 (100%) 3.2B (100%) 1 (100%) 1.3B (100%)
Total 3 $3.2B 1 $1.3B

By Geo

State/Country Buy Value Sell Value
United States 3 3.2B 1 1.3B
  California 1 - 1 1.3B
  Ohio 1 2.1B - -
  Florida 1 1.1B - -
Total 3 $3.2B 1 $1.3B

Deal Values

buy # Total
> $1B 2 $3.2B
Largest Provident Financial Group Inc.
$2.1B (2004-02-18)
sell # Total
> $1B 1 $1.3B
Largest First Franklin Financial Co, Inc.
$1.3B (2006-09-05)

M&A Connections

Acquired from
1 (33%)
Divested to
1 (100%)

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