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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
F O R M 8 - K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
May 3, 1996
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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
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On May 3rd, 1996, the Registrant issued a Press Release announcing that
National City Processing Company ("NPC") intends to file a registration
statement with the Securities and Exchange Commission for an initial public
offering of its common stock in an underwritten public offering.
NPC is a wholly owned subsidiary of the Registrant. The offering will represent
new shares offered by NPC and no shares will be offered for sale by the
Registrant. After completion of the planned offering, the Registrant will own
at least 80% of the common shares of NPC.
Reference is made to the Press Release dated May 3rd, 1996, 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) Exhibits:
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Exhibit 99.1 Press Release dated May 3, 1996 incorporated
herein by reference.
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SIGNATURES
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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: May 3, 1996 By /s/ David L. Zoeller
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David L. Zoeller
Senior Vice President and
General Counsel
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[LOGO] NATIONAL CITY CORPORATION
National City Center
Post Office Box 5756
Cleveland, OH 44101-0756
216 575 2000
FOR MORE INFORMATION CONTACT:
Judy Balint
Senior Vice President
National City Processing Company
(502) 364-2233
FOR IMMEDIATE RELEASE
NPC ANNOUNCES INTENT TO FILE REGISTRATION STATEMENT
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FOR INITIAL PUBLIC OFFERING OF COMMON STOCK
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LOUISVILLE, KENTUCKY, May 3, 1996 -- National City Processing Company (NPC), a
leading nationwide provider of transaction processing services, announced today
that it intends to file a registration statement with the Securities and
Exchange Commission (SEC) for an initial public offering of its common stock in
an underwritten public offering. The SEC filing is expected to be made before
the end of the second quarter of 1996. The offering will be made only by means
of a prospectus.
NPC is a wholly-owned subsidiary of National City Corporation
(NYSE:NCC), a $50 billion diversified financial services company based in
Cleveland, Ohio. The offering will represent new shares issued by NPC. No
shares will be offered for sale by National City. After completion of the
planned offering, National City will own at least 80 percent of the common
shares of NPC. There are no current plans for National City to sell any of its
shares.
The planned offering will add to NPC's capital base and provide access
to capital markets. The public offering will raise substantial funds for NPC
that will be available for technology investments and other corporate purposes.
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National City Processing Company is a leading nationwide provider of
transaction processing services, related software application products and
value-added services providing customized solutions to retail merchants,
corporations in need of outsourcing services and participants in the air travel
industry.
This press release does not constitute an offer to sell or the solicitation of
an offer to buy any securities nor shall there be any sale of any securities in
any state in which such offer, solicitation, or sale would be unlawful prior to
registration or qualification, if required, under the securities laws of any
such state.
