Nov. 24, 4:30 P.M. -- The Internal Revenue Service has disallowed deductions claimed by National City Corp. and is seeking $200 million in back taxes and interest, the bank said in a federal filing Wednesday.

The decision, which National City said it will "vigorously contest," stems from deductions made in connection with corporate-owned life insurance programs. In a filing with the Securities and Exchange Commission, the bank said the deductions were made between 1990 and 1996.

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