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PNC > SEC Filings for PNC > Form 8-K on 24-Oct-2008All Recent SEC Filings

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Form 8-K for PNC FINANCIAL SERVICES GROUP INC


24-Oct-2008

Other Events, Financial Statements and Exhibits


Item 8.01 Other Events.

PNC to Acquire National City

On October 24, 2008, The PNC Financial Services Group, Inc. ("PNC") issued a press release and held a conference call with investors regarding PNC's Agreement and Plan of Merger with National City Corporation ("National City"). PNC also provided electronic presentation slides on its web site used in connection with the related investor conference call. Copies of PNC's press release and electronic presentation slides are included in this Report as Exhibits 99.1 and 99.2, respectively, and are filed herewith.

PNC to Participate in TARP Capital Purchase Program

Also on October 24, 2008, PNC announced it will participate in the U.S. Department of the Treasury's TARP Capital Purchase Program. PNC plans to issue to the U.S. Treasury $7.7 billion of preferred stock and related warrants to purchase shares of common stock of PNC in accordance with the terms of the TARP Capital Purchase Program, subject to standard closing conditions. A portion of the $7.7 billion amount assumes the consummation of the acquisition of National City. Funds from this sale will count as Tier 1 capital. The U.S. Treasury's term sheet describing the TARP Capital Purchase Program is available on the U.S. Treasury's website at http://www.ustreas.gov.



Item 9.01 Financial Statements and Exhibits.

(d) Exhibits. The exhibits listed on the Exhibit Index accompanying this Form 8-K are filed herewith.

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