January 25, 2008

Approval of proposal by PNC Financial Services Group and PNC Bank

For immediate release

The Federal Reserve Board on Friday announced its approval of the application by The PNC Financial Services Group, Inc., Pittsburgh, to merge with Sterling Financial Corporation, Lancaster, both of Pennsylvania, and the application by PNC Bank Delaware, Wilmington, to merge with Delaware Sterling Bank & Trust Company, Christiana, both of Delaware.

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

Last Update: January 25, 2008