National City Corp. of Cleveland has bought Forbes First Financial Corp., a privately held banking company based in St. Louis
The price was not disclosed. The deal was announced in December.
Forbes owned the $500 million-asset Pioneer Bank and Trust Co., whose eight branches will be renamed in late August or early September. (Systems are to be converted around the same time.) Thomas H. Brouster Sr., Forbes' chairman and chief executive, was named the chairman of Nat City's Missouri market.
Nat City, which has assets of $140.2 billion, said it expects to open seven more branches in the St. Louis market this year.
