Pursuant to Section 21(D)(a)(3)(A)(i) of the Securities Exchange Act of 1934 (the “Exchange Act”), Entwistle & Cappucci LLP (“Entwistle & Cappucci”) (http://www.entwistle-law.com), a prominent New York law firm specializing in securities litigation, hereby gives notice that it has filed a class action complaint for violations of the federal securities laws against National City Corporation (“National City” or the “Company”), Peter E. Raskind, David A. Daberko and Jeffrey D. Kelly (“Defendants”) in the United States District Court for the Northern District of Ohio, Eastern Division. The lawsuit is brought on behalf of all persons or entities who purchased National City’s 4.0% Convertible Senior Notes Due 2011 (“4.0% Notes” or “Notes”) from January 23, 2008 through and including September 30, 2008 (the “Class Period”).

The complaint alleges that the Defendants misrepresented to investors the quality of approximately $20 billion of National City’s residential real estate loans and the sufficiency of the Company’s reserves for the known risks of those loans. Such misrepresentations were contained in the Company’s quarterly and annual reports, filings with the Securities and Exchange Commission, as well as the Prospectus Supplement, which was issued to investors in connection with the offering (“Offering”) of the 4.0% Notes on or about January 23, 2008.

As alleged in the complaint, National City engaged in undisclosed reckless lending practices, which consisted of, among other practices, providing inherently high-risk loans to non-creditworthy borrowers with minimal or no documentation of income and little or no collateral on the property. Despite these reckless lending practices, Defendants represented prior to and during the Class Period that the Company’s residential real estate loans were prime quality, conforming loans that were made to borrowers in good credit standing, that National City had a strong capital position and was positioned to absorb probable losses inherent in the Company’s loan portfolio.

As a result of the Company’s imprudent lending practices, National City was ultimately forced to write-off billions of dollars of defaulting residential real estate loans and became the subject of regulatory scrutiny by the Office of the Comptroller of the Currency.

Investors began to learn the truth about National City’s actual lending practices and financial condition on March 14, 2008, when a Bloomberg News article reported that Moody’s had downgraded National City’s rating due to likely mortgage-related losses and noted possible future downgrades.