PNC Completes Acquisition of National City

NodeGuardian · 2026-02-27T16:22:48+00:00

PNC Financial Services Group completed its acquisition of National City Corporation, exchanging shares and causing delisting from the NYSE. PNC also finalized a $7.6 billion sale to the U.S. Treasury and will announce earnings on February 3, 2009.

NodeGuardian

2026-02-27 16:22:48

Abstract generation in progress

The PNC Financial Services Group, Inc. announced the completion of its acquisition of National City Corporation. National City stockholders will receive 0.0392 shares of PNC common stock for each National City share, and National City shares will be delisted from the NYSE. PNC also closed its $7.6 billion preferred stock and warrants sale to the U.S. Treasury under the TARP Capital Purchase Program, and will release Q4 and full-year 2008 earnings on February 3, 2009.

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