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.
PITTSBURGH, March 2 /PRNewswire-FirstCall/ -- The PNC Financial Services Group, Inc. (NYSE: PNC) announced today that it has completed its acquisition of Mercantile Bankshares Corporation.
The final consideration to be received by Mercantile shareholders will be 0.4184 shares of PNC common stock (approximately 53 million shares will be issued) and $16.45 in cash for each share of Mercantile they own.
Mercantile branches will continue normal operations under their current bank affiliate names. Mercantile customers should continue to use Mercantile's services as usual. PNC will provide comprehensive customer information prior to the third quarter 2007 conversion of Mercantile branches. After the markets close today, shares of Mercantile will no longer be listed on the NASDAQ stock exchange.
On a pro forma-basis, as of December 31, 2006, the combination of PNC and Mercantile had approximately $119 billion in assets and 1,092 branches.
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.
SOURCE: The PNC Financial Services Group, Inc.
CONTACT: MEDIA: Brian E. Goerke, +1-412-762-4550,
corporate.communications@pnc.com, or INVESTORS: William H. Callihan,
+1-412-762-8257, investor.relations@pnc.com, both of The PNC Financial
Services Group, Inc.
Web site: http://www.pnc.com/
Company News On-Call: http://www.prnewswire.com/comp/701257.html
