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Topic: PNC Financial Services

  Comments of the PNC Financial Services Group Inc. on S7-12-01
PNC is one of the largest diversified financial services companies in the United States, with $71.0 billion in assets as of March 31, 2001.
PNC thought it had a clear idea of the intent of Congress in enacting Title II, and was relatively confident that it was well positioned to comply with those provisions, based on the language of the statute and its understanding of the legislative intent underlying the statute.
PNC is unaware of any issues that have been raised by the networking arrangements that are currently in place, and it would appear that Congress was similarly comfortable with the regime implemented by the bank regulatory agencies and the SEC, as is reflected in the statutory language of the Networking Exception in Title II.
www.sec.gov /rules/final/s71201/keller1.htm   (6586 words)

 FDIC: FDIC Federal Register Citations
PNC is one of the largest diversified financial organizations in the United States, with $72.3 billion in total assets as of September 30, 2003.
PNC agrees with the industry view that a bifurcated approach is required to accommodate smaller banks that do not utilize economic capital in the same manner as larger institutions.
PNC agrees with the industry position that double default and double recovery effects should be allowed for parameter estimation.
www.fdic.gov /regulations/laws/federal/03cPNC.html   (6511 words)

 PNC Financial Services Group, Inc. :: The PNC Financial Services Group to Acquire Mercantile   (Site not responding. Last check: 2007-11-03)
PNC Bank Executive Vice President Joseph Rockey and Mercantile Chief Administrative Officer and Deputy General Counsel Michael Paese are expected to oversee the integration process.
PNC anticipates that the transaction will be accretive to earnings per share in 2008, and that it has an estimated internal rate of return of approximately 15 percent.
The PNC Financial Services Group, Inc. (http://www.pnc.com/) is one of the nation's largest diversified financial services organizations providing retail and business banking; specialized services for corporations and government entities, including corporate banking, real estate finance and asset-based lending; wealth management; asset management and global fund services.
sev.prnewswire.com /banking-financial-services/20061009/NYM09909102006-1.html   (1509 words)

 Pnc Financial Services GroupThe News
Pittsburgh-based PNC Financial Services Group announced plans to acquire Mercantile Bankshares Corp., a move that would increase the number of branches operated in Sussex County by the state's second largest...
PNC Financial Services Group Inc., the holding company for Pennsylvania's largest bank, said Monday it is buying regional banker Mercantile Bankshares for $6 billion in cash and stock.
PNC Financial's $6 billion bid for Mercantile Bankshares isn't likely to spark a wave of bank mergers and acquisitions.
www.topix.net /com/pnc   (645 words)

 PNC Financial Services - Wikipedia, the free encyclopedia
PNC operations include a regional banking franchise operating primarily in eight states and the District of Columbia, specialized financial businesses serving companies and government entities, and leading asset management and processing businesses.
PNC Bank is the flagship subsidiary of the PNC Financial Services Group, Inc. formerly known as Pittsburgh National Bank and Provident National Bank.
PNC Bank was forced to reissue hundreds of debit cards to customers in March, 2006 when their account information was compromised.
en.wikipedia.org /wiki/PNC_Financial_Services   (657 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)

 Schiffrin & Barroway, LLP Announces Shareholder Class Action Against PNC Financial Services Group -- PNC : ...   (Site not responding. Last check: 2007-11-03)
If you are a shareholder of PNC Financial Services Group and want to learn more about this lawsuit and about becoming a lead plaintiff, you may visit our Website at www.sbclasslaw.com.
On January 29, 2002, PNC announced that the Federal Reserve Board had contacted the Company about accounting inaccuracies and as a result, PNC's financial results for 2Q:01 and 3Q:01 would be restated and its financial results for 4Q:01 would be revised.
If you purchased PNC Financial Services Group securities between July 19, 2001 and January 29, 2002, you may be a member of the class and have until April 2, 2002 to move the court to become a lead plaintiff.
press.arrivenet.com /business/article.php/320691.html   (919 words)

 PNC Consumer Services   (Site not responding. Last check: 2007-11-03)
PNCCS is a subsidiary of the PNC Financial Services Group (NYSE: PNC), a publicly-traded, financial services company headquartered in Pittsburgh, Pennsylvania.
PNC Consumer Services Group is a wholly-owned subsidiary of PNC Financial Services Group, a publicly-traded company which holds PNC Bank, among other assets.
Servicing operations can be stressed by increasing the number of delinquent loans while at the same time increasing the need for liquidity.
www.pncconsumerservices.com /news/news2006march7.shtml   (532 words)

 Riggs Bank Sold to PNC Financial Services Group (washingtonpost.com)
PNC said Joseph L. Allbritton, the major stockholder of Riggs and its former chairman and chief executive, has agreed to vote 24.6 a percent of the outstanding shares of Riggs in favor of the transaction.
PNC said there was no branch overlap between PNC and Riggs, as PNC's banking network is concentrated in Delaware, Kentucky, New Jersey, Ohio and Pennsylvania.
PNC Financial, based in Pittsburgh, has its roots in traditional banking dating back to the 1800s, but has moved into a variety of financial services.
www.washingtonpost.com /wp-dyn/articles/A54380-2004Jul16.html   (1004 words)

 Diversity in Action: PNC Financial Services boosts community involvement
PNC Financial Services Group's Nellie Mosley, a senior human resources generalist with the firm's Technology and Processing Services (TPS) organization, applauds PNC's strong employee-oriented culture.
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 Financial Services Group, Inc., The - Careers, Jobs and Hiring Information: Vault.com.
Headquartered in Pittsburgh, The PNC Financial Services Group is a holding company for a slew of financial services outfits, which together provide retail banking, investment banking, real estate finance, wealth management, global fund services and asset management.
The modern PNC was principally formed by the 1982 merger of Pittsburgh National Corporation and Provident National Corporation.
Today, the bank is one of the nation's largest financial services firms, with main markets in Pennsylvania, New Jersey, Delaware, Ohio and Kentucky.
www.vault.com /company/PNCFinancialServicesGroupIncThe.html   (155 words)

 Gary Saulson Leads PNC Financial Services in Effective, Efficient Facilities Portfolio Management
When Pittsburgh-based PNC Financial Services bought United Trust Bank of New Jersey last March, Gary Saulson, director of corporate real estate for PNC Realty Services, hired just one property administrator to see to the day-to-day management of the 47 new branches PNC acquired.
The 40 to 50 branches that each PNC property administrator manages is a significantly greater number of properties than other property managers oversee for a dozen other top facility organizations surveyed by a nationally recognized real estate advisory firm.
PNC Financial Corp. was formed in 1982 when Pittsburgh National Bank and the Provident National Bank merged.
www.facilitiesnet.com /bom/article.asp?id=2633   (2681 words)

 Pnc Financial Services Group Lawsuit Attorney | Lawyer Investors Claim Stock Price Was Artificially Inflated
The investors claim that these statements were materially false and misleading because the company was engaged in improper or suspect accounting practices which affected the accuracy of its financial results and that, contrary to the SEC reports, PNC's financial statements issued during the time period were not prepared in accordance with Generally Accepted Accounting Principles.
On January 29, 2002, PNC issued a press release announcing that the Federal Reserve Board had raised concerns about accounting inaccuracies in the company's financial statements for the second, third, and fourth quarters of fiscal year 2001.
You are under no obligation to accept their services and you are free to choose which lawyer you want to work with.
www.lawcash.com /attorney/1426/pnc-financial-services-group-lawsuit.asp   (1067 words)

PNC Realty Services is a division of The PNC Financial Services Group, Inc., which manages and disposes of bank owned and trust-held real estate assets for PNC Bank, its subsidiaries and affiliates.
It is the obligation of each purchaser to investigate the condition and attributes of the properties and verify accuracy of the information contained herein to the extent the purchaser deems necessary.
PNC Realty Services has no knowledge of PNC Bank properties which are not included on this list.
www.realtyservices.pnc.com   (244 words)

 PNC Economics Division Home Page   (Site not responding. Last check: 2007-11-03)
The Economics Division provides analyses and forecasts on regional, national and global economic and financial trends in a variety of publications.
Principal spokesperson on all economic issues for PNC and composes the monthly National Economic Outlook and the weekly Market Expectations Survey.
You should seek the advice of an investment professional to tailor a financial plan to your particular needs.
www.econ.pncbank.com   (192 words)

 PNC Company Disclosure Page
Citigroup Global Markets Inc. and/or its affiliates has a significant financial interest in relation to PNC Financial Services Group Inc. (For an explanation of the determination of significant financial interest, please refer to the policy for managing conflicts of interest which can be found at www.citigroupgeo.com.)
This material may relate to investments or services of a person outside of the UK or to other matters which are not regulated by the FSA and further details as to where this may be the case are available upon request in respect of this material.
Citigroup and the Umbrella Device are trademarks and service marks of Citigroup or its affiliates and are used and registered throughout the world.
www.smithbarney.com /research/disclaimer/PNC.html   (3853 words)

 Schiffrin & Barroway, LLP: PNC Financial Services Group Sued by Shareholders for Securities Violations -- PNC : ...   (Site not responding. Last check: 2007-11-03)
BALA CYNWYD, Pa., March 11, 2002 (PRIMEZONE) -- A pending class action charges PNC Financial Services Group, Inc. ("PNC" or the "Company") (NYSE:PNC) with misleading investors about its business and financial condition according to the law firm of Schiffrin and Barroway, LLP.
The complaint was filed in the U.S. District Court for the Western District of Pennsylvania.
Plaintiff seeks damages for violations of the federal securities laws on behalf of all investors who purchased PNC Financial Services Group securities between July 19, 2001 and January 29, 2002 (the "Class Period").
press.arrivenet.com /business/article.php/320990.html   (902 words)

 The PNC Financial Services Group, Inc. information and related industry information from Hoover's
In response to stiff competition and banking deregulation, PNC Financial Services has undergone the metamorphosis from a traditional bank into a supplier of diverse financial services.
PNC owns about 34% of publicly traded fund manager BlackRock, which merged with Merrill Lynch's asset management unit.
PNC Financial Services (PNC) Chairman and CEO James E. Rohr (4:31)
www.hoovers.com /pnc-financial/--ID__11138--/free-co-factsheet.xhtml   (551 words)

 RAND | News Release | RAND Expands Early Childhood Policy Research in Pittsburgh with Gift from PNC Financial Services
The RAND Corporation has received a $500,000 gift from The PNC Financial Services Group to establish the PNC Chair in Early Childhood Policy, which will help bring a top child policy scholar to work at RAND's Pittsburgh office, RAND President and CEO James A. Thomson announced today.
The PNC Grow Up Great initiative is the most comprehensive corporate-based school readiness program in the country.
The PNC chair is the first major gift that RAND's Pittsburgh office has received in support of a specific policy area.
www.rand.org /news/press.05/02.02.html   (497 words)

 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.”
The 2005 index also reflects intensive research and number-crunching by PNC Advisors investment strategist Rebekah McCahan.
Enjoy browsing the site and be sure to view the Flash Presentation, MP3 download, annual results and trends, historical data and interactive activities.
www.pncchristmaspriceindex.com   (208 words)

 CenterOne Financial Services
The financial terms of the acquisition will not be disclosed.
CenterOne (www.centeronefinancial.com) is a subsidiary of World Omni Financial Corp. and a part of JM Family Enterprises, Inc. (JMFE) (www.jmfamily.com), a $7.7 billion diversified automotive company headquartered in Deerfield Beach, Fla. JMFE is ranked by Forbes as the 15th largest privately held company in the United States.
The PNC Financial Services Group, Inc. is one of the nation's largest diversified financial services organizations, providing regional community banking; wholesale banking, including corporate banking, real estate finance and asset-based lending; wealth management, asset management; and global fund services.
www.centeronefinancial.com /news.asp?article=2   (341 words)

 PNC Financial Services Group Stock Report (PNC) | Quote & News   (Site not responding. Last check: 2007-11-03)
PNC's 839 bank branches are located primarily in the Mid-Atlantic region.
PFPC is one of the nation's largest mutual fund processors, while PNC's 34% stake in BlackRock gives it one of the leading institutional fixed-income asset managers in the country.
PNC will add 237 branches to its impressive franchise via its pending acquisition of Mercantile Bankshares.
quote.morningstar.com /Switch.html?Ticker=PNC&djnsection=QN2   (278 words)

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