Peter E. Raskind, the chairman and chief executive of National City Corp., who orchestrated the agreement last month to sell his troubled company to PNC Financial Services Group Inc., said Monday that he will step down in December, when the deal is expected to close.

On Oct. 24, when the deal was announced, the two companies said Mr. Raskind would become a vice chairman once PNC completed the purchase and would help guide the integration. On Monday, National City said that Mr. Raskind has now opted to leave once the deal closes.

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