Approval of proposal by The PNC Financial Services Group

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Approval of proposal by The PNC Financial Services Group

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The following press release was published by the Board of Governors of the Federal Reserve System on Dec. 15, 2008. It is reproduced in full below.

The Federal Reserve Board on Monday announced its approval of the application under section 3 of the Bank Holding Company Act by The PNC Financial Services Group, Inc., Pittsburgh, Pennsylvania, to acquire all the voting shares of National City Corporation ("National City") and thereby indirectly acquire National City's subsidiary bank, National City Bank, both of Cleveland, Ohio.

Attached is the Board's Order relating to this action.

Source: Board of Governors of the Federal Reserve System

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