National City Completes Merger With Wayne Bancorp

National City Completes Merger With Wayne Bancorp 


CLEVELAND, Oct. 5  /PRNewswire-FirstCall/ -- National City Corporation
(NYSE:NCC) today announced that it has completed its acquisition of Wayne
Bancorp, Inc. (NASDAQ:WNNB). The acquisition adds 23 branches to National
City's northern Ohio retail network.

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"We're excited about National City and Wayne Bancorp teaming up," said David A.
Daberko, chairman and chief executive officer of National City. "Customers of
Wayne County National Bank and Savings Bank & Trust will benefit by having
access to additional products and services that range from small business
banking to mortgages, brokerage services, annuity and mutual fund products, and
beyond. National City will offer customers more choices, more convenience and
more ways to meet their financial needs."

Following conversion of its business systems to the National City platform,
Wayne will begin to operate under the National City name in mid- December.
"Over the past several months, representatives from both companies have
designed the process for integrating our two organizations," Daberko said.
"Together, we will implement our plan that can bring opportunities to customers
and employees."

David Boyle, president and chief executive officer of Wayne Bancorp, will join
National City as area president of the markets currently served by Wayne.

Wayne Bancorp currently has a $500,000 community foundation. National City has
matched the size of the foundation, bringing the total fund to $1 million.
Decisions about the distribution of community foundation funds will be made
locally.

Under the terms of the merger agreement, Wayne Bancorp shareholders receive
$28.50 for each share of Wayne Bancorp, Inc. they own. The acquisition is a
cash transaction, valued at approximately $180 million.

In addition to the Wayne merger, National City has added the St. Louis and
Cincinnati markets to its growing Midwestern presence with the acquisitions of
Allegiant Bancorp, which closed on April 9, and Provident Financial Group,
Inc., which closed on July 1. The company also continues to expand into the
Chicagoland market, extending its commitment to providing superior financial
services at the highest levels of service quality throughout the Midwest.

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, Illinois, Indiana,
Kentucky, Michigan, Missouri and Pennsylvania, and also serves customers in
selected markets nationally.  Its core businesses include commercial and retail
banking, consumer finance, asset management, mortgage financing and servicing,
and payment processing.  For more information about National City, visit the
company's Web site at NationalCity.com. 

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DATASOURCE: National City Corporation



CONTACT:  Kelly J. Wagner, Media Relations, [phone], or

, or Betsy Figgie, Investor Relations,

[phone], or , both of National City

Corporation



Web site:  http://www.nationalcity.com/ 

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