Pnc Financial Services Group, Inc. (the) · NYSE:PNC
Pnc Financial Services Group, Inc. (the) — Merger or Acquisition (December 2008)
11 slides from Pnc Financial Services Group, Inc. (the)'s merger presentation, Dec 23, 2008
Slide 1: Special Shareholders Meeting: Proposed Acquisition of National City Corporation
Exhibit 99.1 ** ** * ** ** ** ** ** ** The PNC Financial Services Group, Inc. ** ** ** Special Shareholders Meeting ** Proposed Acquisition of National City Corporation ** December 23, 2008 ** ** ** ** *
Slide 2: James E. Rohr, Chairman and Chief Executive Officer
** ** ** ** ** * * * * James E. Rohr * * Chairman and Chief Executive Officer * * * *
Slide 3: Cautionary Statement Regarding Forward-Looking Information
Cautionary Statement Regarding Forward-Looking Information This presentation contains forward-looking statements regarding our outlook or expectations with respect to the planned acquisition of National City Corporation (National City or NCC), the expected costs to be incurred in connection with the
Slide 4: National City Acquisition Overview
Pending National City Acquisition Overview NCC Acquisition Strategic Position Financially Compelling Integration Execution Presents a unique Estimated GAAP EPS Focus on PNC’s competencies opportunity to invest for the accretive beginning in 2010, in repositioning NCC balance long-term 1 internal rat
Slide 5: A Leading Market Share Across Our Footprint
A Leading Market Share Across Our Pending NCC Footprint Acquisition Combined Branches Deposits Share Rank 1 PA 617 $56.8B 22% 1 OH 464 36.9B 16 1 KY 172 8.0B 13 1 Detroit MD 202 9.6B 10 2 Chicago Cleveland IN 185 8.7B 10 2 Pittsburgh DC 29 2.5B 11 3 Indianapolis Philadelphia NJ 330 17.8B 8 4 Cincinn
Slide 6: Executive Leadership Team
Pending Executive Leadership Team NCC Acquisition Jim Rohr Chairman & CEO Joe Guyaux Helen Pudlin Retail Banking General Counsel Bill Demchak Rick Johnson Corporate & Institutional Banking Chief Financial Officer Asset and Liability Management Mike Hannon Rob Reilly Chief Risk Officer Private Bankin
Slide 7: Summary
Pending Summary NCC Acquisition Strong strategic fit that creates a leading deposit banking franchise Opportunity to apply PNC’s established and successful business model to a broader marketplace Financially compelling transaction Proven track record of successful execution
Slide 8: Cautionary Statement Regarding Forward-Looking Information
Cautionary Statement Regarding Forward-Looking Information Appendix This presentation includes “snapshot” information about PNC used by way of illustration and is not intended as a full business or financial review. It should not be viewed in isolation but rather in the context of all of the informa
Slide 9: Cautionary Statement Regarding Forward-Looking Information (continued)
Cautionary Statement Regarding Forward-Looking Information (continued) Appendix Our operating results are affected by our liability to provide shares of BlackRock common stock to help fund certain BlackRock long-term incentive plan (“LTIP”) programs, as our LTIP liability is adjusted quarterly (“mar
Slide 10: Cautionary Statement Regarding Forward-Looking Information (continued)
Cautionary Statement Regarding Forward-Looking Information (continued) Appendix • The transaction may be substantially more expensive to complete (including the required divestitures and the integration of National City’s businesses) and the anticipated benefits, including anticipated cost savings a
Slide 11: Additional Information and Where to Find It
Additional Information and Where to Find It Appendix The proposed merger will be submitted to National City’s and PNC’s shareholders for their consideration. PNC has filed a Registration Statement on Form S-4 with the Securities and Exchange Commission (the “SEC”), which includes a joint proxy state
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