December 19, 2011
Federal Reserve Board approves application by The PNC Financial Services Group and PNC Bancorp
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.
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