NatCity CEO Retiring

National City Corp. has announced that Paul "Buck" Bibb will retire as chief executive officer of National City Mortgage Co. in the first quarter of 2008 and will be succeeded by Joe Cartellone, currently president of National City Mortgage.Mr. Bibb joined National City Mortgage as executive vice president and national production manager in 1997 and was named CEO in 2004. He began his mortgage banking career in 1973 with the Commonwealth Corp. in Tallahassee, Fla. Mr. Cartellone joined National City Mortgage in April of this year when he was named president and chief operating officer. He was previously senior vice president and national sales manager of National City Home Equity, a division of National City Corp. that has since merged into National City Mortgage. Mr. Cartellone has more than 26 years of experience in mortgage banking and consumer lending, and held various positions at Chase Manhattan Mortgage.