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Board of Governors of the Federal Reserve System
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Press Release

Federal Reserve Press Release

Release Date: December 19, 2011

For immediate release

The Federal Reserve Board on Monday announced its approval of the application by The PNC Financial Services Group, Inc., Pittsburgh, Pennsylvania, and PNC Bancorp, Inc., Wilmington, Delaware, to acquire RBC Bank (USA), Raleigh, North Carolina. 

A statement of the reasons for the Board's approval will be issued shortly.

For media inquiries, call 202-452-2955.

Last update: December 19, 2011