Wayne Bancorp (NASDAQ:WNNB)
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Wayne Bancorp, Inc. Shareholders Approve Merger With National
City Corporation
WOOSTER, Ohio, Sept. 23 /PRNewswire-FirstCall/ -- Wayne Bancorp, Inc.
(NASDAQ:WNNB), today announced that the Wayne Bancorp shareholders approved the
merger with National City Corporation (NYSE:NCC). On June 4, Cleveland- based
National City and Wooster-based Wayne Bancorp announced the signing of a
definitive agreement to merge the two organizations. Under the terms of the
agreement, Wayne shareholders will receive $28.50 in cash for each share of
Wayne. The merger is expected to close in the fourth quarter of 2004. Customary
regulatory approvals have already been received.
(Logo: http://www.newscom.com/cgi-bin/prnh/20011205/WNNBLOGO )
Wayne Bancorp, Inc. is an $811 million financial services company. Its bank
affiliates -- Wayne County National Bank and Savings Bank & Trust -- operate
banking centers in Wayne, Holmes, Medina and Stark Counties. The Company's
non-bank affiliates, including, MidOhio Data Inc, which performs proof and data
processing operations, and Chippewa Valley Title Agency, Inc., a wholly-owned
subsidiary of WCNB are both located in Wayne County, while Access Financial
Corp., a consumer finance company is located in Stark county.
http://www.newscom.com/cgi-bin/prnh/20011205/WNNBLOGO
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DATASOURCE: Wayne Bancorp, Inc.
CONTACT: David P. Boyle, CPA, Chairman, President and CEO of Wayne
Bancorp, Inc., +1-330-264-1222, Ext. 228
Web site: http://www.wcnb.com/