PNC does not charge a fee for Mobile Banking. However, third party message and data rates may apply. These include fees your wireless carrier may charge you for data usage and text messaging services. Check with your wireless carrier for details regarding your specific wireless plan and any data usage or text messaging charges that may apply. Also, a supported mobile device is needed to use the Mobile Banking App. Mobile Deposit is a feature of PNC Mobile Banking. Use of the Mobile Deposit feature requires a supported camera-equipped device and you must download a PNC mobile banking app. Eligible PNC Bank account and PNC Bank Online Banking required. Certain other restrictions apply. See the mobile banking terms and conditions in the Digital Services Agreement.
PNC Capital Markets, a member of The PNC Financial Services Group, Inc., ranked No. 1 among Pennsylvania-based underwriters of long-term municipal bonds in the state for the first three quarters of 2002, according to Thomson Financial Services Data.
PNC's top ranking is for both total dollar volume and number of long-term bond issues in the state, Thomson reported. For higher education in Pennsylvania, PNC ranked No. 1 among all underwriters for total dollar volume and number of long-term bond issues.
"PNC's strengths in municipal bond underwriting include our experienced Public Finance team's in-depth knowledge of our clients coupled with a long- term commitment to the local communities," said Charlotte McLaughlin, president and chief executive officer of PNC Capital Markets. "These new rankings reflect the reliance and trust of entities across the Commonwealth who turn to PNC for customized solutions to their financing issues."
"We are proud to have played a leadership role for many of Pennsylvania's significant issuers of long-term tax exempt bonds during the first three quarters of 2002," said Linda Eremita, manager of the Public Finance unit of PNC Capital Markets. "School districts, universities and municipal authorities have used the funds from those deals for capital improvements and expansion projects to better serve the citizens of Pennsylvania."
The largest bank headquartered in Pennsylvania, PNC operates four public finance offices across the Commonwealth with locations in Pittsburgh, Philadelphia, Harrisburg and Wilkes-Barre. Last year, PNC Capital Markets was responsible for more than $1.7 billion in bond issues to finance a variety of capital projects for governmental and not-for-profit entities throughout the Commonwealth.
SIGNIFICANT PENNSYLVANIA PROJECTS
Of the Commonwealth's 20 largest long-term, tax-exempt bond issuers who issued debt during the first nine months of 2002, PNC Capital Markets played a key role for seven of them, as follows:
Issuer Region PNC ROLE
Allegheny County Southwest PA Senior Manager
Central Bucks School District Southeast PA Senior Manager
Economic Development Financing
Authority (PA) Statewide Senior Manager
Higher Education Facilities
Authority (PA) Statewide Senior Manager
Penn State University Central PA Senior Manager
Pittsburgh Water and Sewer Authority Southwest PA Financial Advisor
University of Pittsburgh Southwest PA Senior Manager
PNC Capital Markets is the marketing name used for investment banking and capital markets activities conducted by The PNC Financial Services Group, Inc. through its subsidiaries, PNC Bank, National Association, and PNC Capital Markets, Inc. PNC Capital Markets, Inc., a wholly owned subsidiary of The PNC Financial Services Group, Inc., is not a bank and is a distinct legal entity from PNC Bank, National Association. Services such as public finance, securities sales and trading, mergers and acquisitions advisory services, private placements, securitization of assets and the arrangement of syndicated loans are offered by PNC Capital Markets, Inc. Derivatives and foreign exchange products are offered and conducted through PNC Bank, National Association.
The PNC Financial Services Group, Inc. (NYSE: PNC), 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.
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SOURCE: The PNC Financial Services Group, Inc.
CONTACT: Amy Vargo of PNC, +1-412-762-1535 or amy.vargo@pncbank.com
Web site: http://www.pnc.com/
Company News On-Call:
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