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Topic: PNC


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  PNC, Riggs Reconsider
Just days after Riggs called off the planned merger and sued PNC for trying to negotiate a lower price, the banks announced Thursday that the deal was done on the terms largely sought by PNC.
PNC sought to reset the price after Riggs pleaded guilty last month to a criminal charge of failing to report suspicious transactions to bank regulators, stemming from its past dealings with former Chilean dictator Augusto Pinochet.
Bochman said she was concerned about the PNC's "ability to successfully integrate Riggs' tarnished franchise" and worried that Riggs' financial situation had deteriorated since the deal was initially announced last summer.
www.thestreet.com /markets/matthewgoldstein/10208382.html   (407 words)

  
  The PNC Financial Services Group, Inc.: Admin. Proc. Rel. No. 33-8112 / July 18, 2002
PNC also stated that it had reduced its institutional loan portfolio through, among other things, "sales of institutional loans to subsidiaries of a third party financial institution." The release went on to note that, "[v]enture capital assets were reduced to $424 million through a sale to a subsidiary of the same institution.
PNC also bore substantial risk on the loans because the dividends on its preferred stock were noncumulative and payable only if those loans performed or were sold and after payment of, among other things, the management fee to the insurance company, and even then only with the approval of the insurance company.
PNC shall ensure that all regulatory reports, including Forms Y-9C, accurately reflect PNC's condition on the date for which it is filed and all material transactions undertaken by the bank holding company and its subsidiaries, and that all records indicating how the report was prepared are maintained for subsequent supervisory review.
www.sec.gov /litigation/admin/33-8112.htm   (8444 words)

  
 After squabble, Riggs agrees to $643 million buyout by PNC - February 14, 2005   (Site not responding. Last check: 2007-11-06)
PNC had been seeking protection from additional lawsuits related to Saudi Arabia and the Sept. 11 terrorist attacks, and also transactions with Pinochet, industry experts said.
In addition to normal regulatory approvals, PNC is awaiting exemptions from the Department of Labor and the Securities and Exchange Commission to mitigate possible financial impact from Riggs’ plea agreement with the Department of Justice.
PNC has long-sought to duplicate the success it had moving east into New Jersey and said there are great potential gains with the acquisition of Riggs.
www.dailyitem.com /archive/2005/0214/biz/stories/06biz.htm   (691 words)

  
 Ballparks of Baseball-PNC Park-Pittsburgh Pirates
Fans walk to PNC Park from various parking facilities around the ballpark, walk across the Roberto Clemente Bridge from downtown Pittsburgh or even drive their boat to the ballpark.
PNC Park has many amenities that could not be found at Three Rivers Stadium.
The outer promenade at PNC Park is known as the River Walk and gives fans views of the city, the river, and the field.
www.ballparksofbaseball.com /nl/PNCPark.htm   (766 words)

  
 PNC focuses on fees
Since then, PNC executives often find themselves fighting a perception in local banking circles that PNC cannot be a formidable player in a market dominated by three hometown banks.
Haller explained, PNC is aiming to generate 50 percent of its total annual revenue by 2000 from financial services that can generate fees.
PNC is focusing on selling such specialties as mutual funds, mortgage banking, private banking, asset and liability management and specialty services to major companies.
www.enquirer.com /editions/1998/06/28/bus_pnc28.html   (1017 words)

  
 Riggs, PNC Reach New Merger Agreement (washingtonpost.com)
Invoking the "material adverse change" clause in the merger agreement, PNC asserted that company's legal problems had damaged Riggs to such an extent that PNC was no longer obligated to what it had agreed to pay.
Riggs agreed to renegotiate, but PNC insisted on several conditions that were unacceptable to Riggs, including settling one of the lawsuits and setting aside a reserve to cover costs of other civil litigation.
PNC offered $19.32 a share in stock and cash -- with the final price subject to downward revision -- plus a "contingent security" of 83 cents a share that could be drawn down to cover legal costs.
www.washingtonpost.com /wp-dyn/articles/A13829-2005Feb10.html?nav=rss_business   (1219 words)

  
 MLB Road Trip 2001 - PNC Park
That is the first thing that has to be said about PNC Park, one of the two new parks to open in the 2001 season.
PNC Park is located on the north shore, with the front of the park lying along General Robinson St. At the home plate gate lies the Home Plate Rotunda, which is a continuous ramp from street level up to each seating level, adorned with the actual newspaper headlines describing the best moments from Pirate History.
The view of PNC park as you cross the river is inspiring.
www.mlbroadtrip.com /english/cities/major/nlc/pittsburghparke.htm   (683 words)

  
 PNC - Wikipedia, the free encyclopedia
PNC can also refer to a bank named PNC Bank
PNC can also refer to Plate number coil, a philatelic item
PNC can also refer to the Police National Computer in the United Kingdom.
en.wikipedia.org /wiki/PNC   (108 words)

  
 PNC to Donate $65,000 to Food Banks in Pennsylvania, Delaware and Southern New Jersey
"PNC is delighted to reach out to area food banks and help families who are having trouble putting food on their tables," said Sy Holzer, president of PNC Bank, Pittsburgh.
As a result of this effort, PNC Bank saw three times the number of new customers opening checking accounts during the first week of December compared to the same week last year, which was also a record-breaking week.
The PNC Financial Services Group, Inc., headquartered in Pittsburgh, is one of the nation's largest diversified financial services organizations, providing regional community banking, corporate banking, real estate finance, asset-based lending, wealth management, asset management and global fund services.
www.prnewswire.com /cgi-bin/stories.pl?ACCT=104&STORY=/www/story/12-20-2001/0001637532&EDATE=   (511 words)

  
 Diversity in Action: PNC Financial Services boosts community involvement
PNC first launched its diversity efforts about seven years ago, when corporate leaders defined values for the company, Spruill says.
Over the last three years, PNC has developed a core set of behaviors for each of its values, one of which is diversity.
PNC employees can use as much as forty hours a year of paid time off to volunteer in the program.
www.diversitycareers.com /articles/pro/05-febmar/dia_pnc.htm   (933 words)

  
 PNC Equity   (Site not responding. Last check: 2007-11-06)
PNC Equity Partners provided $12.5 million of equity financing and $7.5 million of subordinated debt to support a management buyout of the company from French chemicals company Air Liquide, and is the company’s largest shareholder.
PNC Equity Partners led the acquisition process, investing $17.4 million in the form of preferred and common stock.
PNC Equity Partners led a significant round of institutional growth capital in 2002, completed a follow-on investment in 2004, and is the company's largest shareholder with over $25 million of equity invested.
www.pncequity.com   (505 words)

  
 USATODAY.com - PNC to buy Riggs Bank   (Site not responding. Last check: 2007-11-06)
The announcement of the PNC purchase comes a day after senators investigating Riggs operations expressed outrage at senior bank officials' failure to act while managers helped Pinochet conceal millions in assets and turned a blind eye to improper payments to officials of Equatorial Guinea.
PNC Financial, based in Pittsburgh, has its roots in traditional banking dating back to the 1800's, but has moved into a variety of financial services.
The PNC purchase of Riggs is subject to including regulatory approvals and the approval of shareholders.
www.usatoday.com /money/industries/banking/2004-07-16-pnc-riggs_x.htm   (552 words)

  
 The Securities and Exchange Commission Takes Enforcement Action with Respect to the PNC Financial Services Group, Inc. ...
The SEC's administrative Order found that in 2001, PNC endeavored to remove approximately $762 million of volatile, troubled or underperforming loans and venture capital investments from its financial statements by transferring them to three special purpose entities that were specially created to receive these assets and in which PNC held a substantial interest.
PNC failed to consolidate the special purpose entities on its second and third quarter financial statements filed with the Commission even though the entities failed to meet the requirements under generally accepted accounting principles (GAAP) for non-consolidation.
It should be noted that PNC restated its financial statements in its Form 10-K for 2001 and amended Forms 10-Q for the second and third quarters of 2001, which were filed with the Commission on March 29, 2002, to reflect corrected accounting treatment for these three transactions with special purposes entities.
www.sec.gov /news/press/2002-109.htm   (649 words)

  
 PNC Bank -   (Site not responding. Last check: 2007-11-06)
PNC companies use advanced technology and information management techniques to implement security, audit and control programs designed to protect the confidentiality and security of the information we collect.
PNC limits employee access to customer information to those employees we believe have a legitimate business need for the information.
PNC offers financial services to consumers through its family of affiliated companies that provide, for example, deposit, lending, investment advisory, brokerage, insurance, trust, and related products.
www.pncbank.com /legal/1,3810,641,00.html   (2165 words)

  
 PNC — The True Cost of the 12 Days of Christmas...
PNC — The True Cost of the 12 Days of Christmas...
It all started 22 years ago as a way to engage clients and has since grown into one of PNC’s most popular and anticipated economic reports: The Annual PNC Christmas Price Index.
PNC calculates the Christmas Price Index each year as a fun, lighthearted way to look at the increasing cost of goods and services bought by the True Love in the holiday classic, “The Twelve Days of Christmas.”
www.pncchristmaspriceindex.com   (197 words)

  
 PNC Park Threatens To Leave Pittsburgh Unless Better Team Is Built | The Onion - America's Finest News Source
PITTSBURGH—After five years of serving Pittsburgh as their state-of-the-art sporting facility, PNC Park, the home of the rundown, poorly maintained Pirates, said Tuesday it is threatening to leave Pittsburgh unless a new team can be built within the next three years.
Though PNC Park would not elaborate on its relationship with Wright, it did say that Wright mentioned how much he enjoyed its dimensions, especially those in left and left-center.
In a last-ditch effort to keep PNC Park, a citywide referendum will be added to this year's midterm election that, if passed, would draw from a property-tax fund to aid McClatchy in assembling a new, state-of-the-art team by 2010.
www.theonion.com /content/node/50814   (1096 words)

  
 PNC's Annual Shareholders Meeting to be Held April 24 at PNC Firstside Center
PNC's Annual Shareholders Meeting to be Held April 24 at PNC Firstside Center
PNC's 2000 Annual Report and 2001 Annual Meeting Proxy Statement are also accessible on the PNC website at http://www.pnc.com.
The PNC Financial Services Group, Inc., headquartered in Pittsburgh, is one of the nation's largest diversified financial services organizations, providing regional banking, corporate banking, real estate finance, asset- based lending, wealth management, asset management and global fund services.
www.prnewswire.com /cgi-bin/stories.pl?ACCT=104&STORY=/www/story/04-18-2001/0001471663&EDATE=   (370 words)

  
 PNC Telecom Services - About PNC
PNC Telecom Services and all our products adhere to the Information Services Code of Practice which you can download here
PNC Telecom Services open up a range of exciting opportunites for personal number owners.
At PNC Telecom Services we listen to our customers and we strive to continually improve the standard and range of our services.
www.pnctele.com /pnc.html   (627 words)

  
 The Pacific Neighborhood Consortium (PNC) 2004 Annual Conference and Joint Meetings In Conjunction with Pacific Rim ...
PNC holds annual conference each year, hosts local and world-wide speakers and about 300 attendees from Asia-Pacific countries will attend this meeting providing an excellent forum for academic resources exchange and interdisciplinary collaboration each year.
 The PNC 2004 Annual Conference in conjunction wit PRDLA is collaboration of the Academia Sinica, PNC, PRDLA, ECAI, National Centrhal Library, National Palace Museum and National Science Council, Taiwan.
 Members of the PNC are leaders and pioneers in the realms of digital technologies, and the ground-breaking application of these technologies to traditional fields such as atlas, library, museum and cultural research.
pnclink.org /PNC2004/index.htm   (376 words)

  
 PNC Bank - The Annual
The total cost has climbed to $17,297, a 1.6 percent annualized increase over 20 years, but services now account for 74 percent of the index, indicating a steady rise in the cost of skilled labor while the price of two turtle doves and three French hens may be a little easier on your wallet.
As part of its annual tradition, PNC Advisors also tabulates the “true cost of Christmas,” which is the total cost of all of the items in the famous carol, including the repetitions.
PNC Advisors is the wealth management unit of The PNC Financial Services Group, Inc., (NYSE: PNC), one of the nation’s largest diversified financial services companies, operating businesses engaged in regional community banking, wholesale banking, wealth management, asset management and global fund processing services.
www.pncbank.com /12days   (736 words)

  
 Pacific Neighborhood Consortium 2003   (Site not responding. Last check: 2007-11-06)
PNC 2003 Conference, organized by the National Electronic Computer Technology Center (NECTEC) and hosted by PNC (under auspice of Academia Sinica, Taiwan), will take place in Thailand, November 7-9, 2003, at the Maha Chakri Sirindhorn Anthropology Centre (SAC) in Bangkok.
Members of the PNC are leaders and pioneers in the realms of digital technologies, and the groundbreaking application of these technologies to non-traditional fields such as cultural research.
The PNC 2003 is hosted by PNC, NECTEC, and SAC, in collaboration with the Electronic Cultural Atlas Initiative (ECAI), United Nations Educational, Scientific and Cultural Organization (UNESCO), and Southeast Asian Ministers of Education Organization (SEAMEO).
www.hpcc.nectec.or.th /PNC   (312 words)

  
 PNC PARK: The political struggle over financing PNC Park went into extra innings
Those involved in cutting the deal to finance PNC Park and the new Steelers stadium went on a wild ride.
But the 23 labor unions who built it, and lobbied in Harrisburg for funding, stepped up by signing a project labor agreement that guaranteed no strikes as long as the work was covered by union rules.
PNC Park was built without serious injury to workers, which included everything from scuba divers working on the river wall to ironworkers installing the highest beams.
www.post-gazette.com /pirates/20010415pncbuildtext9.asp   (1228 words)

  
 BallParkWatch - PNC Park / Pittsburgh Pirates   (Site not responding. Last check: 2007-11-06)
Another in a line of neotraditional ballparks, PNC Park is one of the smallest ballparks in the major leagues -- only Fenway Park is smaller -- and certainly the most intimate one.
Being a neotraditional park, PNC Park features the obligatory brick walls, steel beams, asymmetrical fences and masonry arches, as well as light fixtures patterned after those at Forbes Field, the home of the Pirates before Three Rivers Stadium.
PNC Park is also integrated into the downtown via the Roberto Clemente Bridge (which is closed on game days, allowing people to watch directly to the park) and via the River Walk, a promenade that overlooks the riverfront and downtown.
www.ballparkwatch.com /stadiums/pncpark.htm   (492 words)

  
 PNC Park - Pittsburgh, PA
Built right next to the location of the former stadium, PNC Park provides a spectacular view of the city skyline as well as the Roberto Clemente bridge (which is yellow in color).
The exterior of the park is a sandy light brown in color, which is a refreshing change from all the red brick parks that have been built of late.
Hopefully more teams will look at PNC Park as a model of how to build a new park, especially since the price tag for it was so low (somewhere in the $200 million range).
www.ballparkreviews.com /pburgh/pnc.htm   (407 words)

  
 PNC Bank Education Loan Center - About Us
The PNC Bank Education Loan Center, headquartered in Pittsburgh, Pennsylvania, is a member of The PNC Financial Services Group, Inc. and is one of the largest education loan providers in the United States.
The PNC Financial Services Group, Inc., also headquartered in Pittsburgh, Pennsylvania, and is one of the largest diversified financial services organizations in the United States.
PNC provides a complete range of financial services and products, from personal banking to investment to corporate financing.
www.eduloans.pncbank.com /about.htm   (363 words)

  
 PNC Bank Villanova Loan
The PNC Bank Villanova Loan for Undergraduates is a private non-federal education loan provided to students by PNC Bank.
Because the PNC Bank Villanova Loan for Undergraduates is based upon creditworthiness, parents or other creditworthy individuals often act as co-signers on this loan.
If there is an issue with qualifying, you may call the PNC Bank Education Loan Center at (877) 468-2155 from 8am to 6pm weekdays.
www.villanova.edu /enroll/finaid/financing/pnc.htm   (421 words)

  
 PNC Park's opening means a whole new ball game
For the 36,954 fans at PNC Park it's a day of mixed feelings: joy in the brand new ballpark and all its wonders and sadness in the death of the beloved Pirates slugger Willie Stargell at the age of 61.
Political figures, past and present, who played a role in financing PNC Park were honored before the game, including former county commissioners Mike Dawida and Bob Cranmer, current Chief Executive Jim Roddey, Mayor Tom Murphy, Gov. Tom Ridge and U.S. Sen. Rick Santorum.
Ridge said the opening of PNC Park "reaffirms Pittsburgh's status as a world-class city, full of all the amenities that make Southwestern Pennsylvania such a wonderful place to live."
www.post-gazette.com /regionstate/20010410pncpark2.asp   (586 words)

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