National City in Springfield robbed

From the State Journal-Register:

National City Bank, 802 S. 11th St. [Springfield, Illinois], was robbed Monday morning.

A man walked in about 9:10 a.m. with his face concealed by a turquoise handkerchief. He approached a teller, demanded money at gunpoint, then fled.

A witness followed the robber as he ran and saw him go behind a house at 14th and Clay streets, where he changed clothes. The witness did not have a cell phone, so he left the scene briefly to alert police where the robber was. When officers got there, he was gone.

The robber was described as black and 25-30 years old. He was wearing a dark blue sweatshirt, maroon or dark purple pants and gray shoes with white laces. He also was wearing a black White Sox cap with the word “Sox” in white letters vertically on the front.

He possibly was carrying a paper bag with an emblem on it. (Link.)

Geez. That's the branch where I opened my account, and quite possibly the littlest bank I've ever been in. Here's hoping they catch the guy. Speaking of which, if anyone has a tip on this crime or any other in Central Illinois, call Crime Stoppers at 217-788-8427.

Tues., Aug. 5, 2008, NCC updates

National City stock closed up today at $5.05 on volume of 19 million. (Source.)

BloggingStocks.com takes note of National City in a piece with some good historical points:

What went wrong? At number 6 on our list of SPX underdogs, NCC gave up 87% of its value from June 30, 1998 through June 30, 2008. The stock peaked at $40 in November 2005, and then edged sideways ... until it ran headlong into the subprime tsunami. (Worst 10-year performers: National City mauled by mortgage meltdown.)

And, following up on the previously reported effort to sell off Allegiant:

The first round of bids for National City Corp's (NCC.N: Quote, Profile, Research, Stock Buzz) Allegiant Funds asset management business were due at the end of last week, a person familiar with the matter said on Tuesday.

National City, being represented by Morgan Stanley, was expected to go through the offers and decide which bidders to invite to conduct due diligence for the operation, the source said.

[...]

A National City spokeswoman declined to comment. (Reuters.)