Instruct: Given a question, retrieve relevant documents that can help answer the question.
Query: When was Merchants National Corporation formed?
To allow it to acquire other banks and other financial related businesses, Merchants National Bank & Trust Company formed a holding company called Merchants National Corporation in January 1972.[3][4][5]
In December 1985, Merchants National Corporation announced the pending acquisition of the Anderson-based Anderson Banking Company for an undisclosed amount.[17] The acquisition was completed in December 1986.[18]
American Fletcher National Bank was an Indianapolis-based bank founded in 1839 that was eventually absorbed by Bank One and later Chase Bank. Since the merger of the Fletcher Trust Company with the American National Bank to form the American Fletcher National Bank and Trust Company at the end of 1954, it had been the largest or the second largest bank in the state of Indiana, often changing places with its Indianapolis-based rival Indiana National Bank for the top spot. From the mid-1950s through the late 1980s, American Fletcher National Bank and Trust, along with Indiana National Bank and Merchants National Bank, was one of the top three largest banks within Indianapolis and its holding company, American Fletcher Corporation, was one of the top three largest bank holding companies within the state, along with INB Financial Corporation (formerly Indiana National Corporation) and Merchants National Corporation.
In December 1986, Merchants National Corporation announced the pending acquisition of the Madison-based Ohio Valley Bancorp with its Madison Bank & Trust Company subsidiary for an undisclosed amount.[30] The acquisition was completed in September 1987.[31] After National City acquired Merchants National, National City never merged Madison Bank & Trust into National City but decided the divest the bank 14 years later after determining that this bank did not fit with in with the rest of the company. National City eventually sold Madison Bank & Trust to MainSource Financial Group in 2005 for an undisclosed amount.[32][33][34]
In October 1991, National City Corp. announced that it was acquiring the Indianapolis-based Merchants National Corporation with its lead bank Merchants National Bank and Trust Company of Indianapolis for $604 million in stock.[1][45] The acquisition was completed in May 1992.[46][47] As a result of the merger, approximately 600 positions were eliminated as a direct result of the consolidation of mostly headquarters functions, mainly in Indianapolis.
The Pakistan Merchant Navy was formed in 1947. The Ministry of Port and Shipping, Mercantile Marine Department and Shipping Office established by the Government of Pakistan were authorized to flag the ships and also ensured that the vessels were sea worthy. All of the private shipping companies merged and formed the National Shipping Corporation (NSC) and the Pakistan Shipping Corporation (PSC) and as a result they had a common flag. Among these companies were the Muhammadi Steamship Company Limited and the East & West Steamship Company.
In March 1987, Merchants National Corporation announced the pending acquisition of the Crawfordsville-based Elston Corporation with its Elston Bank & Trust Company subsidiary for $24 million.[35][36][37] The acquisition was completed in February 1988.[38]
The Pakistan National Shipping Corporation, abbreviated PNSC, is the national flag carrier and a state-owned megacorporation under the control of the Government of Pakistan. The Corporation's head office is located in Karachi. A regional office based in Lahore caters for upcountry shipping requirements. The Corporation also has an extensive overseas network of agents looking after its worldwide shipping business. The Pakistan Merchant Navy is the fleet of state-owned merchant vessels flying the flag of Pakistan National Shipping Corporation and the Civil Ensign of Pakistan. 
Merchants National Corporation was an Indianapolis-based statewide bank holding company that was one of the largest Indiana-based financial institution at the time it was acquired by Ohio-based National City Corporation in 1992. Its primary subsidiary was the Indianapolis-based Merchants National Bank and Trust Company, which was founded in 1865.
The Emergency Fleet Corporation (EFC) was established by the United States Shipping Board, sometimes referred to as the War Shipping Board, on 16 April 1917 pursuant to the Shipping Act (39 Stat. 729) to acquire, maintain, and operate merchant ships to meet national defense, foreign and domestic commerce during World War I. The EFC was renamed the U.S. Shipping Board Merchant Fleet Corporation by act of Congress 11 February 1927 (44 Stat. 1083). The Board and Corporation were abolished 26 October 1936 and their functions transferred to the U.S. Maritime Commission by the Merchant Marine Act (49 Stat. 1985) of 29 June 1936.
In March 1986, Merchants National Corporation announced the pending acquisition of the Seymour-based Mid-Southern Indiana Bancorp with its Seymour National Bank subsidiary for an undisclosed amount.[23] The acquisition was completed in December 1986. This was Merchants first move outside the immediate area surrounding Marion County.[22]
In August 1986, Merchants National Corporation announced the pending acquisition of the Connersville-based Fayette Bancorp with its Fayette Bank and Trust Company subsidiary for an undisclosed amount.[27][28] The acquisition was completed in May 1987.[29]
In April 1989, Merchants National Corporation announced the pending acquisition of the Logansport-based First National Bankshares with its First National Bank of Logansport and the First National Bank of Indiana subsidiaries for $22.9 million.[43] The acquisition was completed in October 1989.[44]
In the Indo-Pak war of 1971 Pakistan suffered a great loss of its merchant vessels at the hands of Indians. On 1 January 1974, President of Pakistan Zulfiqar Ali Bhutto nationalized the National Shipping Corporation and Pakistan Shipping Corporation, and formed the Pakistan National Shipping Corporation (PNSC) with the intent of reestablishing the Pakistan Merchant Navy. Later, the company was incorporated under the provisions of the Pakistan National Shipping Corporation Ordinance of 1979 and the Companies Ordinance of 1984.
In February 1986, Merchants National Corporation announced the pending acquisition of the Greenwood-based NBG Financial Corporation with its Farmers National Bank subsidiary $13.2 million in stock.[20][21] The acquisition was completed in December 1986.[22]
In July 1988, Merchants National Corporation announced the pending acquisition of the East Chicago-based Riley Corporation with its First National Bank of East Chicago subsidiary for an undisclosed amount.[40][41] The acquisition was completed in November 1988.[42]
In January 1986, Merchants National Corporation announced the pending acquisition of the three month old Danville-based Alliance Bancorp with its Mid State Bank of Hendricks County subsidiary for an undisclosed amount.[19] Alliance was the product of the recent merger between Danville State Bank and the First National Bank of Coatesville which also formed the Mid State Bank of Hendricks County. The acquisition was completed in November 1986.[16]
The company was incorporated in 2002 and listed on the Hong Kong Stock Exchange in 2003 as a vehicle for the core business, assets and staff of the state-owned China National Foreign Trade Transportation (Group) Corporation. In 2009 the company was reorganised together with the China Changjiang National Shipping (Group) Corporation (CSC) to form Sinotrans&CSC Holdings. A strategic merger of this new company together with China Merchants Group received approval from the State Council of the People's Republic of China in December 2015, and by April 2017 Sinotrans Limited (and its former subsidiary Sinotrans Shipping) had become direct subsidiaries of China Merchants Group..
From the mid-1950s through the late 1980s, Merchants National Bank and Trust, along with American Fletcher National Bank and Indiana National Bank, was one of the top three largest banks within Indianapolis and its holding company, Merchants National Corporation, was one of the top three largest bank holding companies within the state, along with American Fletcher Corporation and Indiana National Corporation (later named INB Financial Corporation).[2]
In April 1988, Merchants National Corporation announced the pending acquisition of the Batesville-based Batesville State Bank for an undisclosed amount.[39]
Merchants National Corporation made its first expansion move outside of Marion County by announcing in June 1985, one month before the new cross-county bank laws went into effect, the pending acquisition of the Shelbyville-based Farmers National Corporation with its Farmers National Bank subsidiary for an undisclosed amount.[8] The acquisition was completed in January 1986.[9]
NatWest Markets' origins lie in County Bank, the merchant banking subsidiary of National Provincial Bank formed in 1965. The original County Bank was formed in Manchester in 1862 and, in 1935, merged into District Bank, which was acquired by National Provincial Bank in 1962. The merchant bank acquired various stockbroking and jobbing firms, becoming County NatWest when the banking system was deregulated in 1987; it was later consolidated with corporate banking to form NatWest Markets. NatWest Markets acquired US-based Greenwich Capital in 1996 and became Greenwich NatWest following disposal of large parts of the business.
The Pakistan Merchant Navy was formed after independence in 1947, when Pakistan inherited a fleet of four privately owned cargo ships. The Ministry of Maritime Affairs, Mercantile Marine Department and Government Shipping Office established by the Government of Pakistan were authorized to flag the ships and also ensured that the vessels was sea worthy.
In April 1986, Merchants National Corporation announced two unrelated pending acquisition of the Tipton-based Citizens National Bank of Tipton[24] and the Zionsville-based and Frenzel family-controlled Farmers State Corporation with its Mid State Bank subsidiary,[25] both for undisclosed amounts. The acquisition in Zionsville was completed in November 1986[16] while the acquisition in Tipton was completed in December 1986.[26]
For nearly 70 years, Merchants National Bank and later Merchants National Corporation had used the building as its headquarters from 1908 until the completion of Merchants Plaza in June 1977.