CLEVELAND, May 8 /PRNewswire-FirstCall/ -- National City Corporation (NYSE: NCC) today announced the appointment of Corsair Capital LLC Vice Chairman Richard E. Thornburgh to its Board of Directors. The company previously announced its intention to appoint Mr. Thornburgh to the board on April 21, 2008, in conjunction with its $7 billion capital raise, which included $785 million of private equity capital from Corsair Capital. Corsair is a highly regarded private equity firm with a successful track record of global long-term investing in the financial services industry, particularly the banking sector. Mr. Thornburgh will initially serve on the Compensation and Organization and Risk and Public Policy committees.

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"We are pleased to welcome Dick to our board and look forward to his contributions," said National City Chairman, President and CEO Peter E. Raskind. "His extensive experience in the banking industry and strong background in risk management will be very valuable as we continue to address challenging market conditions."

Mr. Thornburgh is currently a member of the Board of Directors and the Risk Committee of Credit Suisse Group, chairs the Risk Committee and serves on the Board of NewStar Financial, Inc., chairs the Audit Committee and serves on the Risk Committee of Sparta Insurance Company. He also served as a Director of Dollar General Corporation prior to its recent sale to KKR.

Prior to joining Corsair Capital in 2006, Mr. Thornburgh was Executive Vice Chairman of Credit Suisse First Boston ("CSFB"), now operating under the name of Credit Suisse. He has over 30 years' experience in the global banking and financial services sector, and held a number of senior leadership positions at Credit Suisse Group.

Mr. Thornburgh began his investment banking career with The First Boston Corporation, a predecessor firm of CSFB, in 1976. He spent 20 years in the investment banking department specializing in financial institutions. During that period, he also ran the Los Angeles office in the late 1980s and was the first global head of the financial institutions group for CSFB. He was an advisor on many of the landmark M&A transactions that took place during the consolidation of the U.S. regional banking industry in the 1980s and early 1990s. He spearheaded CSFB's mandate to advise on the privatization of the Mexican banking industry, the recapitalization of the California thrift industry, and served as advisor to the governments of Sweden, New Zealand, South Australia, Mexico and Australia in the early 1990s.

During the following 10 years, he served on the Executive Board of Credit Suisse Group and his executive responsibilities included: Chief Financial and Administrative Officer of CSFB, Chief Financial Officer of Credit Suisse Group, Vice Chairman of the Executive Board of CSFB, and Chief Risk Officer of Credit Suisse Group.

Mr. Thornburgh is a former member of the Financial Services Roundtable and the International Institute of Finance. He served on the Executive Committee of the Securities Industry Association ("SIA") for six years and was Chairman of the SIA in 2004.

Mr. Thornburgh received a BBA, cum laude from the University of Cincinnati and a MBA from the Harvard Business School.

About National City

National City Corporation (NYSE: NCC), headquartered in Cleveland, Ohio, is one of the nation's largest financial holding companies. The company operates through an extensive banking network primarily in Ohio, Florida, Illinois, Indiana, Kentucky, Michigan, Missouri, Pennsylvania and Wisconsin, and also serves customers in selected markets nationally. Its core businesses include commercial and retail banking, mortgage financing and servicing, consumer finance and asset management. For more information about National City, visit the company's Web site at www.nationalcity.com.

SOURCE National City Corporation