Last July, National City Corp. took a detour down a road untraveled by bankers for more than six decades.

With its purchase of Indianapolis-based Raffensperger, Hughes & Co., National City became the first commercial banking company since 1933 to acquire a retail brokerage with investment banking capabilities.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.