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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 23, 2011

For immediate release

The Federal Reserve Board on Friday released a statement concerning its action of December 19, 2011, approving 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. 

Attached is the Board's statement relating to this action.

For media inquiries, call 202-452-2955.

Attachment (79 KB PDF)

Last update: December 23, 2011