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PNC to convert early

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Wednesday, March 4, 2009

PNC Bank expects to convert the 1,570 National City Bank branches it acquired to the PNC flag in mid-2010, PNC Chairman James Rohr said during an analyst conference call Tuesday. That's nearly three months earlier than first projected when PNC agreed to acquire the troubled bank on Oct. 24.

The $5.6 billion merger gives PNC 2,589 branches, the nation's fourth-largest network. That includes 254 offices in Western Pennsylvania, including 61 which PNC must sell to satisfy federal antitrust enforcers.

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