BUSINESS BRIEFING / ACQUISITIONS
From Times Wire Reports
PNC Financial Services Group Inc. said it has completed its acquisition of National City Corp., a Cleveland-based bank that traces its origins to 1845.
Pittsburgh-based PNC is the first bank to use funds obtained through the government’s $700-billion bailout program to make an acquisition. The $5.6-billion deal was announced Oct. 24.
National City had been Ohio’s largest bank.
