Continuing the consolidation of Midwest banking, National City Corp. of Cleveland and Mercantile Bancorp. of St. Louis each said Monday they had agreed to make sizable acquisitions.
National City said it would pay $800 million for Fort Wayne (Ind.) National Corp., a $3.3 billion-asset banking company. The acquisition would give $53 billion-asset National City the second-largest deposit share in Indiana, after First Chicago NBD Corp.