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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities and Exchange Act of 1934
October 26, 1995
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(Date of Report)
National City Corporation
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(Exact name of registrant as specified in its charter)
Delaware 1-10074 34-1111088
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(State or other jurisdiction (Commission (IRS Employer
of Incorporation) File Number) Identification No.)
1900 East Ninth Street, Cleveland, Ohio 44114
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(Address of principal executive offices) (Zip Code)
216-575-2000
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(Registrant's telephone number, including area code)
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Item 5. Other Events
On October 23rd, 1995, the Registrant issued a Press Release announcing
that its Board of Directors had elected William R. Robertson president and
Vincent A. DiGirolamo vice chairman, and chief executive officer effective
Mr. Robertson succeeds David A. Daberko, who was appointed chairman and chief
executive officer of the Corporation upon Edward B. Brandon's September 30,
1995 retirement. Reference is made to the News Release, dated October 23,
1995, a copy of which is filed as Exhibit 99.1 to this Current Report on Form
8-K and is incorporated herein by reference.
Item 7. Financial Statements, Pro Forma Financial Information and Exhibits
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a) Financial Statements of business acquired: None.
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b) Pro Forma financial information: None.
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c) Exhibit:
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Exhibit 99.1 Press Release dated October 23, 1995 incorporated
herein by reference.
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934,
the Registrant has duly caused this Report to be signed on its behalf by the
undersigned hereunto duly authorized.
Dated: October 26, 1995 By /s/ David L. Zoeller
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David L. Zoeller
Senior Vice President and
General Counsel
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National City Corporation Logo National City Corporation
National City Center
Post Office Box 5756
Cleveland, OH 44101-0756
216-575-2000
FOR MORE INFORMATION CONTACT:
Mary H. Griffith
Senior Vice President
Corporate Communications
(216) 575-2728
FOR IMMEDIATE RELEASE
PHOTOGRAPHS AVAILABLE
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NATIONAL CITY CORPORATION ANNOUNCES APPOINTMENT
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OF WILLIAM R. ROBERTSON AS PRESIDENT AND
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VINCENT A. DIGIROLAMO AS VICE CHAIRMAN
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CLEVELAND, Ohio--October 23, 1995--The Board of Directors of National
City Corporation (NYSE:NCC) has elected William R. Robertson president and
Vincent A. DiGirolamo vice chairman, effective immediately.
Mr. Robertson 54, has served as deputy chairman and director of the
Corporation since 1987. He will continue to be responsible for National City's
fee income producing businesses, including National City Mortgage Company,
National City Processing Company and National City Stored Value Systems, as
well as trust, affluent banking, corporate-wide operations and information
services, audit and law. In addition, he has assumed responsibility for human
resources and marketing communications.
Mr. Robertson succeeds David A. Daberko, who was appointed chairman of
the Corporation upon Edward B. Brandon's retirement September 30. Mr. Daberko
was previously elected chief executive officer on July 24.
"Under Bill's leadership, National City's fee businesses have grown at
double-digit rates. Today, they represent approximately 40 percent of National
City's overall revenue," said Mr.
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Daberko. "In his new position, I am confident that Bill will continue to
create value for National City stockholders, customers and employees."
Mr. DiGirolamo, 58, has served as president and chief executive officer
of National City Bank, Indiana since 1992. With his appointment to vice
chairman, Mr. DiGirolamo is responsible for all National City banking units.
He will remain chief executive officer of the Indiana bank.
"Vince's extensive banking experience will help National City
effectively compete as we expand our market presence and strive to exceed our
customers' ever-growing expectations for service, products and delivery
systems," said Mr. Daberko.
Leonard M. Carroll, 52, president and chief operating officer of
Integra Financial Corporation, will join Messrs. Daberko, Robertson and
DiGirolamo in the Office of the Chairman as vice chairman of National City
Corporation at the completion of National City's acquisition of Integra
Financial Corporation. Mr. Carroll will be responsible for retail banking,
corporate-wide.
Other Board Action
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The Board also appointed W. Bruce Lunsford a member of the board. Mr.
Lunsford, 48, is chairman of the board, president and chief executive officer
of Vencor, Inc., a publicly held company that specializes in long-term hospital
care for medically complex patients, many of whom are ventilator-dependent;
With Mr. Lunsford's appointment, the total number of National City directors is
17.
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Profile of William R. Robertson
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Mr. Robertson joined National City Bank in Cleveland in 1964. Since
then, he has held various management positions in corporate banking and
executive positions in finance and administration, serving as chief financial
officer of National City Corporation from 1982 to 1989.
Most recently, Mr. Robertson served as deputy chairman of the
Corporation, a position he has held since 1987.
In addition to serving as director of National City Corporation, Mr.
Robertson is a director of National City Bank in Cleveland, National City
Processing Company, National City Mortgage Co., and several other National City
subsidiaries. Other corporate boards he serves on include Capitol American
Financial Corporation, a publicly held insurance company, Kirtland Capital
Corporation, and Execution Services Incorporated.
Mr. Robertson is a trustee and officer of many civic institutions,
including The Cleveland Museum of Art, Musical Arts Association, Saint Luke's
Hospital, The Salvation Army, United Way Services and Western Reserve
Historical Society. He is chairman of the Visiting Committee for the
Weatherhead School of Management of Case Western Reserve University, chairman
and chief volunteer officer of United Way Services, and is the past chairman of
The Salvation Army.
A native of Schenectady, New York, Mr. Robertson received an A.B.
degree in economics from Colgate University in 1964 and an M.B.A. degree in
finance from Case Western Reserve University in 1967.
Mr. Robertson and his wife, Sarah, reside in Shaker Heights, Ohio and
have three adult children.
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Profile of Vincent A. DiGirolamo
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Mr. DiGirolamo joined National City Bank, Northeast in 1960. Since
then, he has held various management positions in retail and corporate banking.
In 1983, Mr. DiGirolamo was appointed senior vice president and deputy group
head of retail banking for National City Bank, Columbus. He was appointed
chairman and chief executive officer of National City Bank, Northeast in 1984
and, in 1989, took on the added responsibility of president of the Bank.
Most recently, Mr. DiGirolamo was executive vice president of National
City Corporation and president and chief executive officer of National City
Bank, Indiana, a position he held since May 1992. While in Indiana, Mr.
DiGirolamo served as a board member for National City Bank, Indiana, Community
Hospitals Foundation, the Indiana Economic Development Council, 500 Festival
Associates, Inc., the Indianapolis Neighborhood Housing Partnership, the
Indianapolis Chamber of Commerce, Corporate Community Council, The Greater
Indianapolis Progress Committee and the Indiana Repertory Theatre. Mr.
DiGirolamo also served on the Finance Committee at Brebeuf Preparatory School
and is a board member for the Indiana Chapter of the National Committee for the
Prevention of Child Abuse Foundation Board.
A native of Ravenna, Ohio, Mr. DiGirolamo earned a B.S. degree in
commerce from Ohio University in 1959 and graduated from the Stonier Graduate
School of Banking, Rutgers University, in 1973. He also attended the Graduate
Commercial Lending School, University of Oklahoma, and the Consumer Banking
School, University of Virginia.
Mr. DiGirolamo and his wife, Nancy, have three adult children.
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Profile of Leonard M. Carroll
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Prior to joining Integra, Mr. Carroll served as vice chairman of
Pennbancorp. Before beginning his banking career, Mr. Carroll worked for
Price Waterhouse & Co. in Cleveland, Ohio. He is a certified public
accountant in Ohio and Pennsylvania.
Currently, Mr. Carroll is president and chief operating officer of
Integra Financial Corporation.
Mr. Carroll is a director of Quaker State Corporation, a New York Stock
Exchange listed company. He is active in community and cultural organizations,
currently serving as a trustee of Westminster College and chairman of the Board
of Trustees of Pittsburgh Ballet Theatre.
A native of Emlenton, Pennsylvania, Mr. Carroll earned his B.A. and
M.B.A. degrees from Gannon University.
Profile of W. Bruce Lunsford
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Mr. Lunsford, a certified public accountant and an attorney, began his
career with Alexander Grant & Company of Cincinnati in 1969. In 1974, he
joined the law firm of Keating, Muething, Klekamp of Cincinnati; From 1980 to
1983, Mr. Lunsford served as Kentucky's secretary of commerce in administration
of Governor John Y. Brown, Jr. From 1984 to 1991, Mr. Lunsford also served of
counsel to the law firm of Greenebaum Doll & McDonald, a regional law firm
based in Louisville, Kentucky.
Mr. Lunsford serves on the Board of Directors and Executive Committee
of National City Bank, Kentucky, as well as the Kentucky Economic Development
Corporation and the Campaign for Greater Louisville. In addition, he serves
on the Board of Trustees of Centre College and Shakertown at Pleasant Hill,
Kentucky, Inc.
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Mr. Lunsford is presently chairman of the Kentucky Center for the Arts
Endowment Fund, Inc. and Kentucky Country Day School, secretary of the
Ballamine College Board of Trustees and a board member of the Greater
Louisville Fund for the Arts, Res-Care Inc. and Churchill Downs Incorporated.
Mr. Lunsford previously served as a member of the Board of Trustees of the
University of Kentucky and Salmon P. Chase College of Law.
A native of Greater Cincinnati area, Mr. Lunsford graduated from the
University of Kentucky in 1969 with a B.A. degree in political science and
accounting and from Salmon P. Chase College of Law in 1974 with a J.D, degree.
Mr. Lunsford and his wife, Becky, live in Louisville with their three
children.
Profile of Integra Financial Corporation.
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Integra Financial Corporation is a $15 billion diversified financial
services company headquartered in Pittsburgh, Pennsylvania. Integra operated
banks and other financial services subsidiaries principally in western
Pennsylvania; Pending regulatory approval, National City's acquisition of
Integra is expected to be complete in the second quarter of 1996.
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Profile of National City Corporation
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National City Corporation is currently a $35 billion diversified
financial services company headquartered in Cleveland, Ohio. National City
operates banks and other financial service subsidiaries principally in Ohio,
Kentucky and Indiana.
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