Until last week, the National City Bank of New York and Manhattan's First National Bank seemed to have little in common. National City, under energetic Chairman Howard C. Shepherd, 60, went out for the little man's business, built up 71 domestic branch offices. With resources of $6.3 billion, it became the biggest bank in New York and second largest in the U.S.* But First National, the epitome of conservatism, had no branches. Known as the "banker's bank," it specialized in huge corporate accounts, began only in recent years to accept accounts of less than $200,000.
But the opposites attracted each...
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