National City Bank Client Group Promotes Steven Peters to Senior Vice President

The Private Client Group serves the needs of high-net-worth individuals and families by providing customized wealth management solutions and investment guidance delivered through a team of local financial experts.The Private Client Group serves the needs of high-net-worth individuals and families by providing customized wealth management solutions and investment guidance delivered through a team of local financial experts.

National City Corporation (NYSE: NCC) announces the promotion of Steven J. Peters, CTFA to senior vice president. Peters is the Senior Fiduciary Officer for the Michigan Private Client Group. The Private Client Group serves the needs of high-net-worth individuals and families by providing customized wealth management solutions and investment guidance delivered through a team of local financial experts.

Peters is a graduate from Michigan State University. In 1982 he received his juris doctor from The University of Toledo College of Law where he was a Note and Comment Editor on the Law Review. Peters worked in the private practice of law until April 1991, when he joined the Lansing Trust Department of National City bank. Peters now reports to Albert S. Kantra, Jr., Executive Vice President and Managing Director of National City banks Private Client Group in Michigan.

Peters has served as President of the Eaton County Bar Association, and the Greater Lansing Estate Planning Council. He currently serves on the Trust Executive Committee of the Michigan Bankers Association, is a member of the Sparrow Hospital Foundation Planned Giving Committee, and is the Secretary to the Distribution Committee of The Greater Lansing Foundation.

About the Private Client Group at National City

The Private Client Group at National City bank delivers comprehensive financial solutions to successful individuals and families. It provides a single point of access to a team of experts in investment management, fiduciary services, estate administration, private banking, and financial consulting services.

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, Illinois, Indiana, Kentucky, Michigan, Missouri and Pennsylvania, 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.

What are people saying about mortgages today:

Rates on 30-year mortgages edged down last week to a seven-month low. Mortgage-giant Freddie Mac reported Thursday that 30-year, fixed-rate mortgages fell to 6.3 percent, down slightly from 6.31 percent two weeks ago. It put rates at the lowest level since they were at 6.24 percent the first week of March.

Bank of Hawaii, Central Pacific Bank, Territorial Savings Bank and Wells Fargo Home Mortgages all cut their 30-year mortgage rates to 5.75 percent this week.

Most people think of a mortgage as a means to an end. After all, you buy a house, not a home loan. But a mortgage is much more than the path to homeownership. It is a financial instrument that must be managed, just like any other financial investment.