<PAGE> 1
Exhibit 99.1
NEWS RELEASE
FOR MORE INFORMATION CONTACT:
Dawn M. Thompson
National Processing Company (NPC)
Phone: 502.315.3057
Fax: 502.315.3535
e-mail: [email protected]
www.npc.net
FOR IMMEDIATE RELEASE
CLARK ELECTED CHAIRMAN OF NATIONAL PROCESSING, INC
LOUISVILLE, KENTUCKY, OCTOBER 20, 2000 - National Processing, Inc. (NYSE: NAP),
today announced that Paul Clark, executive vice president of National City
Corporation's fee businesses was elected Chairman of the board of directors,
succeeding Robert G. Siefers, vice chairman of National City Corporation.
NPI also announced that James R. Bell, III, executive vice president of National
City Corporation's newly-formed Capital Markets unit, has resigned as a NPI
board member. With Mr. Bell's departure and the addition of Mr. Clark, the
membership in the National Processing, Inc. board stands at eight.
Mr. Siefers commented, "We are extremely pleased with the turnaround at NPI. In
less than two years Tom Wimsett and his management team have nearly tripled the
market value of this company, while simultaneously positioning NPI for strong
growth in the years ahead. We are equally pleased that Paul Clark has joined the
NPI Board. Throughout his career, Paul has demonstrated outstanding financial
and operating leadership. Additionally, on behalf of the Board, I would like to
thank Jim Bell for his invaluable advice and contribution."
Paul Clark was appointed executive vice president of National City Corporation
fee businesses in October of this year. This includes Institutional Trust,
National City Mortgage Company and overseeing National City's 87 percent
interest in National Processing Company (NPC(R)). Combined, these businesses
account for approximately 20 percent of National City's annual revenue. Mr.
Clark began his career with National City Bank in 1976 as a management trainee
in the consumer lending division and was named an officer in 1982. In 1996 Mr.
Clark was named executive vice president of retail banking at National City Bank
of Pennsylvania and joined National City Bank of Michigan/Illinois as president
and chief executive officer in 1998.
- more -
<PAGE> 2
National Processing, Inc.
Page 2
ABOUT NATIONAL PROCESSING, INC.
National Processing, Inc. is the parent company of National Processing Company
(NPC(R)) a leading provider of merchant credit card processing. NPC supports
approximately 500,000 merchant locations, representing one out of every six
Visa(R) and MasterCard(R) transactions processed nationally. NPC's card
processing solutions offer superior levels of service and performance. NPC
assists merchants to compete and provide high-quality service to their customers
through our world-class people, technology and service. Additional information
regarding the company can be obtained at www.npc.net. National Processing, Inc.
is an 87 percent owned subsidiary of National City Corporation (NYSE: NCC)
(www.national-city.com), a Cleveland based $85 billion financial holding
company.
# # #
