National City acquires Provident Financial.

PositionOhio

The Federal Reserve approved Cleveland-based National City Corp.'s acquisition of Cincinnati-based Provident Financial Group. The $2.1 billion deal was announced in February and was approved by 99 percent of Provident's shareholders.

National City is currently Ohio's largest bank and, based on assets, the 10th largest bank in the United States. According to the Cincinnati Business Courier, the two companies...

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