National City Corp., which is to become the 13th-largest U.S. banking company next week when two acquisitions close, now faces the hard part: achieving the cost savings it promised.
National City would have $78.2 billion of assets after the deals close. Monday, it is expected to acquire $3.3 billion-asset Fort Wayne (Ind.) National Corp. The next day, it is slated to complete its purchase of $22 billion-asset First of America Bank Corp., Kalamazoo, Mich.