Exhibit 99.1

FOR MORE INFORMATION CONTACT:

NATIONAL CITY REPORTS THIRD QUARTER EARNINGS

      CLEVELAND, October 16, 2000—National City Corporation (NYSE: NCC) today reported third quarter net income of $330.7 million, or $.54 per diluted share. Returns on average common equity and assets were 21.1% and 1.56%, respectively. For the first nine months of 2000, net income was $994.4 million, or $1.63 per diluted share and year-to-date returns on average common equity and assets reached 22.2% and 1.55%, respectively.

      Chairman and CEO David A. Daberko commented, “The third quarter was highlighted by strong loan growth, an improved net interest margin, good credit quality and stable noninterest expense. Strategic initiatives were undertaken this year to improve balance sheet efficiency, upgrade technology and product offerings, strengthen personnel development, and focus on customer service and branding. Although the cost of taking these actions has slightly lowered our earnings in 2000, we are encouraged by the early successes of our efforts and are confident we are doing the right things for the longer-term growth and profitability of this company.”

      Tax-equivalent net interest income for the third quarter of 2000 was $746.0 million, compared to $749.0 million last quarter and $757.7 million in 1999’s third quarter. The 2000

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third quarter net interest margin of 3.90% was up from 3.80% in the second quarter, but down from 4.03% in the 1999 third quarter. Despite a decline in average earning assets resulting from asset sales, net interest income was relatively stable with less pressure from higher rates this quarter as asset repricing began to catch up with funding rate increases. A richer earning asset mix combined with a focus on generating core deposit growth also contributed to the linked-quarter improvement in net interest margin.

      During the second and third quarters of 2000, the Corporation took steps toward improving the net interest margin and reducing the Corporation’s sensitivity to rising interest rates. These steps to enrich and restructure the balance sheet included the sales of $2.0 billion of thin-spread student loans, $3.7 billion of fixed-rate debt securities, and $1.0 billion of low-spread adjustable rate mortgage loans, along with the securitization of $600 million of credit card loans.

      Tax-equivalent net interest income for the first nine months of 2000 was $2.24 billion versus $2.28 billion for the comparable 1999 period. On a year-to-date basis, the net interest margin declined to 3.83% in 2000 from 4.03% last year. Higher-cost funding in a rising rate environment coupled with the Corporation’s liability sensitivity and competitive lending markets led to the year-over-year decrease in net interest income and the narrower net interest margin. In addition, interest expense incurred as a result of funding share repurchase activity throughout 1999 had the effect of reducing the 2000 year-to-date margin.

      Loan demand in National City’s markets continued to be strong. Average loans for the third quarter totaled $62.2 billion. Excluding the impact of the aforementioned loan sales and securitization, average loans for the third quarter grew $2.4 billion over the second quarter of 2000 and represented an annualized growth rate of nearly 15%. Strong growth in commercial loans and leases fueled the third quarter increase, while solid growth in the residential real estate

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and home equity loan portfolios also contributed to the increase. Steady origination volume drove the increase in average mortgage loans held for sale to $3.0 billion in the third quarter of 2000 from $2.8 billion last quarter.

      For the third quarter of 2000, fees and other income were $590.9 million versus $674.3 million for the second quarter and $528.6 million for the third quarter of 1999. Fees and other income for the first nine months of 2000 reached $1.82 billion, up 10% from $1.66 billion in the same period of 1999. On a linked-quarter comparative basis, third quarter growth in item processing revenue and deposit fees, along with a $27.1 million gain on a credit card securitization was more than offset by lower trust and investment management fees and mortgage banking revenue and the second quarter gain of $74.2 million on the sale of student loans. Item processing revenue benefited over the past year from increased credit and debit card volume and an expanded merchant base. The year-over-year comparison of item processing revenue was affected by the 1999 divestitures of certain business lines at National Processing, Inc., the Corporation’s 87%-owned item processing subsidiary. On a linked-quarter basis, the increase in service charges on deposits was attributable to higher volume and a reduction in fee waivers. A standardized fee structure instituted in 1999, higher cash management fees, increased customer debit card usage and fewer waived fees led to higher service charges on deposits over the prior year. Sequential quarter trust and investment management fees declined principally as a result of seasonal tax preparation and estate settlement fees in the second quarter, and to a lesser extent, a decline in market values of assets under administration, while an increase in assets under administration and the implementation of a standardized fee structure in the latter half of 1999 led to the year-over-year growth in trust and investment management fees. Although assisted by healthy origination volumes and higher servicing contributions, mortgage banking revenue

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declined from the second quarter, a quarter in which a $13.5 million gain from the sale of mortgage servicing rights and a $10.6 million gain on the sale of certain low-spread adjustable-rate mortgage loans were recognized. Mortgage banking revenue was also hindered by the retention in 2000 of a portion of the Corporation’s higher-quality, nonconforming residential mortgage production to benefit future periods, while foregoing gains on whole-loan sales in the current year. Strong origination volumes and a growing servicing portfolio, along with purchase acquisitions in the second half of 1999, led to the year-over-year growth in mortgage banking revenue. National City’s residential loan servicing portfolio grew to $53.5 billion at September 30, 2000, up 14% from $46.7 billion at year-end 1999 and up 20% from $44.4 billion a year ago.

      In the third quarter of 2000, pre-tax securities gains, primarily from equity securities, totaled $27.5 million, or $.03 per share after tax, up from $20.3 million, or $.02 per share after tax, in the third quarter of 1999. For the first nine months of 2000, net pre-tax securities gains totaled $6.2 million, or $.01 per share after tax, down from $101.3 million, or $.10 per share after tax, for the same period last year. Net securities gains for the first nine months of 2000 included pre-tax losses of $56.3 million, or $.06 per share after tax, from the sale of $3.7 billion of primarily lower-yielding, fixed-rate debt securities, whereas for the first nine months of 1999, securities gains included a pre-tax gain of $32.1 million from the sale of the Corporation’s holdings in Concord EFS, Inc.

      Noninterest expense was $785.3 million in the third quarter of 2000, relatively unchanged from $785.1 million in the second quarter, but up from $705.9 million in the 1999 third quarter. Noninterest expense for the first nine months of 2000 was $2.33 billion, compared to $2.20 billion for the same period of 1999. On a linked-quarter basis, higher third quarter expenses resulting

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principally from increased personnel costs and state and local taxes were offset by a $15.0 million second quarter write-down of residual values on the Corporation’s auto lease portfolio, along with other expense adjustments. Compared to the third quarter of 1999, noninterest expense rose due to higher technology and marketing spending to support strategic growth initiatives, fee-based business volume increases, and expenses and intangibles amortization from the purchase acquisitions of companies whose costs were not fully included in the 1999 third quarter base. These same factors also led to the increase in noninterest expense for the first nine months of 2000, compared to the same 1999 period, with the effect partially offset by lower expenses resulting from National Processing’s second quarter 1999 business line divestitures, $37.8 million of pre-tax charges pursuant to a plan to improve the cost-efficiency of branch office facilities, along with certain unrelated executive contract obligations, decreases in benefits and other personnel expense and reduced state and local tax expense. A decline in expense related to compensation and benefit plans and an increase in costs capitalized in connection with internally-developed software projects accounted for the decrease in benefits and other personnel expense, while state and local tax expense declined due to several refunds in 2000.

      Credit quality remained sound in the third quarter. Net charge-offs totaled $70.2 million, or .45% of average loans, compared to $68.7 million, or .44% of average loans in the second quarter of 2000, and $55.0 million, or .38% of average loans in the third quarter of 1999. At September 30, 2000, the allowance for loan losses was $945.5 million, or 1.49% of loans, compared to $970.4 million, or 1.58% of loans at the end of the second quarter, and $970.7 million, or 1.67% of loans a year ago. At September 30, 2000, nonperforming assets were $365.3 million, compared to $339.3 million at June 30, 2000, and $260.0 million at September 30, 1999. Weaknesses in the healthcare sector along with the addition of several credits in the

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retail and manufacturing industries and higher delinquencies in residential real estate contributed to the rise in nonperforming assets over the past year. As a percentage of loans and other real estate, nonperforming assets were .57% at September 30, 2000, compared to .55% at the end of the second quarter, and .45% a year ago. At September 30, 2000, real estate mortgage loans, which have historically had low loss ratios, comprised 55% of nonperforming assets.

      Total assets were $85.0 billion at September 30, 2000, and total stockholders’ equity was $6.5 billion. Equity as a percentage of assets was 7.60% at September 30, 2000, up sharply from 6.57% at year-end 1999.

      Mr. Daberko’s comments contain forward-looking statements that involve significant risks and uncertainties, including changes in general economic and financial market conditions and the Corporation’s ability to execute its business plans. Although management believes the expectations reflected in such forward-looking statements are reasonable, actual results may differ materially.

      Mr. Daberko and Jeffrey D. Kelly, Executive Vice President and Chief Financial Officer, will host a conference call with financial analysts today at 11:00 a.m. EDT to discuss third quarter performance, business highlights and the outlook for the remainder of the year. Individual investors and the media are welcome to join the call in a listen-only mode by calling (800) 230-1951. Interested parties may join the call beginning at 10:45 a.m. EDT. A replay of the conference call will also be made available to interested parties through Thursday, October 19, 2000, by calling (800) 475-6701, with conference identifier #536192.

      National City Corporation is a financial holding company headquartered in Cleveland, Ohio, with $85.0 billion in total assets. National City operates banks and other financial services subsidiaries principally in Ohio, Michigan, Pennsylvania, Indiana, Kentucky and Illinois.

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UNAUDITED
National City Corporation
Financial Highlights
(Dollars in Millions, Except Per Share Amounts)

				2000																1999
																																3Q00/
								Third				Second				First								Fourth				Third				3Q99
								Quarter				Quarter				Quarter								Quarter				Quarter				% Change
EARNINGS:
Tax-equivalent net interest income								$	746.0			$	749.0			$	740.9							$	756.4			$	757.7				(1.5	)%
Provision for loan losses									70.4				68.7				66.3								66.6				55.5				26.8
Fees and other income									590.9				674.3				557.4								579.3				528.6				11.8
Securities gains (losses)									27.5				(42.8	)			21.5								37.1				20.3				34.8
Noninterest expense									785.3				785.1				759.1								780.1				705.9				11.2
Income tax expense and tax- equivalent adjustment									178.0				184.3				173.1								182.6				188.7				(5.7	)
Net income								$	330.7			$	342.4			$	321.3							$	343.5			$	356.5				(7.2	)
PER COMMON SHARE:
	Net income
		Basic						$	.55			$	.56			$	.53							$	.56			$	.58				(5.2	)%
		Diluted							.54				.56				.53								.55				.57				(5.3	)
		Diluted — cash basis (1)							.57				.59				.56								.58				.59				(3.4	)
	Dividends paid								.285				.285				.285								.27				.27				5.6
	Book value								10.58				10.05				9.71								9.39				9.54				10.9
	Market value (close)								22.00				17.06				20.63								23.69				26.69				(17.6	)
	Average shares
		Basic							608.28				606.93				605.77								613.88				616.88				(1.4	)
		Diluted							613.23				611.07				610.69								620.78				624.58				(1.8	)
PERFORMANCE RATIOS:
Return on average common equity									21.13	%			23.13	%			22.45	%							22.84	%			23.79	%
Return on average assets									1.56				1.59				1.50								1.59				1.71
Net interest margin									3.90				3.80				3.79								3.87				4.03
Efficiency ratio									58.74				55.16				58.47								58.41				54.88
AT PERIOD END:
Assets								$	85,046			$	84,601			$	86,895							$	87,121			$	85,058				—	%
Loans									63,660				61,570				61,857								60,204				58,001				9.8
Securities (at fair value)									9,656				10,719				13,783								14,904				15,811				(38.9	)
Deposits									52,726				49,988				50,613								50,066				50,395				4.6
Stockholders’ equity									6,467				6,133				5,918								5,728				5,914				9.4
Equity to assets									7.60	%			7.25	%			6.81	%							6.57	%			6.95	%			9.4
Tangible common equity to tangible assets									6.20				5.81				5.38								5.12				5.52				12.3
Common shares outstanding									608.40				607.43				606.23								607.06				616.56				(1.3	)
ASSET QUALITY:
Net charge-offs to average loans (annualized)									.45	%			.44	%			.44	%							.45	%			.38	%
Allowance for loan losses as a percentage of period-end loans									1.49				1.58				1.57								1.61				1.67
Nonperforming assets to period- end loans and OREO									.57				.55				.51								.48				.45

[Additional columns below]

[Continued from above table, first column(s) repeated]

				Nine Months Ended
				September 30,
								2000				1999				% Change
EARNINGS:
Tax-equivalent net interest income								$	2,235.9			$	2,280.6				(2.0	)%
Provision for loan losses									205.4				183.1				12.2
Fees and other income									1,822.6				1,663.1				9.6
Securities gains (losses)									6.2				101.3				(93.9	)
Noninterest expense									2,329.5				2,202.4				5.8
Income tax expense and tax- equivalent adjustment									535.4				597.5				(10.4	)
Net income								$	994.4			$	1,062.0				(6.4	)
PER COMMON SHARE:
	Net income
		Basic						$	1.64			$	1.69				(3.0	)%
		Diluted							1.63				1.67				(2.4	)
		Diluted — cash basis (1)							1.72				1.74				(1.1	)
	Dividends paid								.855				.79				8.2
	Book value
	Market value (close)
	Average shares
		Basic							606.99				626.91				(3.2	)
		Diluted							611.67				636.41				(3.9	)
PERFORMANCE RATIOS:
Return on average common equity									22.22	%			22.58	%
Return on average assets									1.55				1.69
Net interest margin									3.83				4.03
Efficiency ratio									57.40				55.84
AT PERIOD END:
Assets
Loans
Securities (at fair value)
Deposits
Stockholders’ equity
Equity to assets
Tangible common equity to tangible assets
Common shares outstanding
ASSET QUALITY:
Net charge-offs to average loans (annualized)									.44	%			.43	%
Allowance for loan losses as a percentage of period-end loans
Nonperforming assets to period- end loans and OREO

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UNAUDITED

National City Corporation
Consolidated Statements of Income
(Dollars in Thousands, Except Per Share Amounts)

					2000												1999
					Third				Second				First				Fourth				Third
					Quarter				Quarter				Quarter				Quarter				Quarter
Interest Income:
	Loans				$	1,479,328			$	1,433,996			$	1,342,266			$	1,296,074			$	1,224,469
	Securities:
		Taxable				140,303				176,765				202,255				212,596				204,563
		Exempt from Federal income taxes				10,750				10,914				11,171				13,091				11,245
		Dividends				14,054				13,989				13,463				12,120				12,612
	Federal funds sold and security resale agreements					3,058				6,802				6,958				8,290				8,656
	Other short-term investments					4,464				4,008				3,906				4,949				3,189
			Total interest income			1,651,957				1,646,474				1,580,019				1,547,120				1,464,734
Interest Expense:
	Deposits					500,477				466,241				443,939				425,849				397,516
	Federal funds borrowed and security repurchase agreements					103,895				85,727				102,568				101,114				87,901
	Borrowed funds					28,609				77,782				43,281				41,159				37,632
	Long-term debt and capital securities					281,443				276,069				257,775				231,534				194,206
			Total interest expense			914,424				905,819				847,563				799,656				717,255
			Net interest income			737,533				740,655				732,456				747,464				747,479
	Provision for loan losses					70,363				68,691				66,326				66,622				55,476
			Net interest income after provision for loan losses			667,170				671,964				666,130				680,842				692,003
Noninterest Income:
	Item processing revenue					104,916				100,575				94,369				98,471				91,519
	Service charges on deposits					115,392				108,073				106,313				108,321				107,430
	Mortgage banking revenue					110,454				147,610				111,294				126,011				81,105
	Trust and investment management fees					79,805				90,054				83,624				82,229				81,097
	Card-related fees					48,283				45,312				43,646				48,725				48,383
	Other					132,028				182,704				118,120				115,516				119,080
			Total fees and other income			590,878				674,328				557,366				579,273				528,614
	Securities gains (losses)					27,435				(42,780	)			21,533				37,095				20,353
			Total noninterest income			618,313				631,548				578,899				616,368				548,967
Noninterest Expense:
	Salaries, benefits and other personnel					405,984				401,309				406,871				400,416				367,638
	Equipment					56,038				57,759				57,682				56,468				47,590
	Net occupancy					52,730				51,816				52,668				49,772				48,944
	Third-party services					51,201				48,546				45,148				49,723				49,304
	Other					219,356				225,640				196,724				223,725				192,487
			Total noninterest expense			785,309				785,070				759,093				780,104				705,963
Income before income tax expense						500,174				518,442				485,936				517,106				535,007
Income tax expense						169,538				176,055				164,593				173,590				178,545
			Net income		$	330,636			$	342,387			$	321,343			$	343,516			$	356,462
Net Income Per Common Share:
			Basic		$	.55			$	.56			$	.53			$	.56			$	.58
			Diluted			.54				.56				.53				.55				.57

[Additional columns below]

[Continued from above table, first column(s) repeated]

					Nine Months Ended
					September 30,
					2000				1999
Interest Income:
	Loans				$	4,255,590			$	3,642,298
	Securities:
		Taxable				519,323				613,736
		Exempt from Federal income taxes				32,835				34,909
		Dividends				41,506				35,798
	Federal funds sold and security resale agreements					16,818				29,572
	Other short-term investments					12,378				9,176
			Total interest income			4,878,450				4,365,489
Interest Expense:
	Deposits					1,410,657				1,209,684
	Federal funds borrowed and security repurchase agreements					292,190				266,947
	Borrowed funds					149,672				103,073
	Long-term debt and capital securities					815,287				533,227
			Total interest expense			2,667,806				2,112,931
			Net interest income			2,210,644				2,252,558
	Provision for loan losses					205,380				183,052
			Net interest income after provision for loan losses			2,005,264				2,069,506
Noninterest Income:
	Item processing revenue					299,860				318,311
	Service charges on deposits					329,778				312,127
	Mortgage banking revenue					369,358				263,281
	Trust and investment management fees					253,483				243,627
	Card-related fees					137,241				142,952
	Other					432,852				382,838
			Total fees and other income			1,822,572				1,663,136
	Securities gains (losses)					6,188				101,265
			Total noninterest income			1,828,760				1,764,401
Noninterest Expense:
	Salaries, benefits and other personnel					1,214,164				1,157,987
	Equipment					171,479				153,306
	Net occupancy					157,214				152,305
	Third-party services					144,895				143,425
	Other					641,720				595,377
			Total noninterest expense			2,329,472				2,202,400
Income before income tax expense						1,504,552				1,631,507
Income tax expense						510,186				569,538
			Net income		$	994,366			$	1,061,969
Net Income Per Common Share:
			Basic		$	1.64			$	1.69
			Diluted			1.63				1.67

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UNAUDITED

National City Corporation
Consolidated Period-End Balance Sheets
(Dollars in Thousands)

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UNAUDITED

National City Corporation
Consolidated Average Balance Sheets
(Dollars in Millions)

						2000												1999
						Third				Second				First				Fourth				Third
						Quarter				Quarter				Quarter				Quarter				Quarter
Assets
Earning Assets:
	Loans:
			Commercial			$	25,294			$	24,379			$	23,496			$	22,988			$	22,066
			Real estate — commercial				6,273				6,157				6,020				6,141				6,238
			Real estate — residential				11,627				11,470				10,901				10,047				9,750
			Consumer				12,224				13,973				14,520				14,045				13,664
			Credit card				2,487				2,514				2,336				2,224				2,088
			Home equity				4,343				4,044				3,770				3,561				3,336
				Total loans			62,248				62,537				61,043				59,006				57,142
	Mortgage loans held for sale						3,001				2,848				2,101				2,555				2,172
	Securities available for sale, at cost						10,786				13,064				14,600				15,403				14,851
	Federal funds sold and security resale agreements						178				432				481				608				666
	Other short-term investments						165				146				154				190				140
				Total earning assets			76,378				79,027				78,379				77,762				74,971
Allowance for loan losses							(991	)			(995	)			(996	)			(985	)			(990	)
Fair value (depreciation) appreciation of securities available for sale							(304	)			(430	)			(408	)			(116	)			(8	)
Cash and demand balances due from banks							3,091				3,116				3,140				3,376				3,306
Properties and equipment							1,099				1,114				1,127				1,121				1,108
Accrued income and other assets							4,928				4,939				4,709				4,442				4,304
				Total Assets		$	84,201			$	86,771			$	85,951			$	85,600			$	82,691
Liabilities and Stockholders’ Equity
Liabilities:
	Noninterest bearing deposits					$	10,837			$	10,934			$	10,716			$	11,278			$	11,338
	NOW and money market accounts						16,473				16,477				16,443				16,580				16,742
	Savings accounts						3,139				3,321				3,413				3,605				3,795
	Time deposits of individuals						15,652				15,385				15,019				14,578				14,461
	Other time deposits						2,838				2,881				2,825				3,141				2,908
	Deposits in overseas offices						2,974				2,862				3,400				3,105				2,389
				Total deposits			51,913				51,860				51,816				52,287				51,633
	Federal funds borrowed and security repurchase agreements						6,941				6,053				7,723				8,244				7,703
	Borrowed funds						1,726				5,056				3,126				2,893				2,808
	Long-term debt and capital securities						16,014				16,636				16,259				15,081				13,532
	Accrued expenses and other liabilities						1,361				1,190				1,249				1,105				1,046
				Total Liabilities			77,955				80,795				80,173				79,610				76,722
Stockholders’ Equity:
	Preferred						30				30				30				30				31
	Common						6,216				5,946				5,748				5,960				5,938
				Total Stockholders’ Equity			6,246				5,976				5,778				5,990				5,969
				Total Liabilities and Stockholders’
				Equity		$	84,201			$	86,771			$	85,951			$	85,600			$	82,691