CLEVELAND, Sept. 22 /PRNewswire-FirstCall/ -- National City Corporation
(NYSE: NCC) announced that, as the result of the recently approved conversion
of its Series G Convertible Preferred stock, effective today, its outstanding
common shares have increased from 760 million to 2.1 billion, representing a
market capitalization of approximately $11.8 billion, based on the $5.61
closing price of National City's common stock on Friday, Sept. 19, 2008.
(Logo: http://www.newscom.com/cgi-bin/prnh/20030428/NATIONALCITYLOGO )
The Series G preferred shares were issued in April 2008 as part of
National City's $7 billion capital raise, and the conversion of those shares
into common stock was approved at a special meeting of stockholders on Sept.
15.
About National City
National City Corporation (NYSE: NCC), headquartered in Cleveland, Ohio,
is one of the nation's largest financial holding companies. The company
operates through an extensive banking network primarily in Ohio, Florida,
Illinois, Indiana, Kentucky, Michigan, Missouri, Pennsylvania and Wisconsin,
and also serves customers in selected markets nationally. Its core businesses
include commercial and retail banking, mortgage financing and servicing,
consumer finance and asset management. For more information about National
City, visit the company's Web site at www.nationalcity.com .
SOURCE National City Corporation
NATIONAL CITY 
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