Federal Reserve Board statement on approval of application by The PNC Financial Services Group and PNC Bancorp

The following press release was published by the Board of Governors of the Federal Reserve System on Dec. 23, 2011. It is reproduced in full below.

The Federal Reserve Board on Friday released a statement concerning its action of Dec. 19, 2011, approving the application by The PNC Financial Services Group, Inc., Pittsburgh, Pennsylvania, and PNC Bancorp, Inc., Wilmington, Delaware, to acquire RBC Bank (USA), Raleigh, North Carolina. Attached is the Board's statement relating to this action.

For media inquiries, call 202-452-2955.

Source: Board of Governors of the Federal Reserve System