This excerpt taken from the PNC 8-K filed Mar 12, 2009.
We Continue to Build a Great Company
We see the combination of National City and PNC as truly transformational. We completed this significant acquisition in less than 70 days, the fastest close in our companys history. Our integration efforts are well under way with a focus on managing to an overall moderate risk profile, achieving cost savings targets and successfully converting National City branch locations.
While we believe 2009 will be a challenging year for the financial services industry, we remain focused on the importance of meeting our customers needs so they will continue to have confidence in PNC. To do this, we will continue to prudently manage risk and expenses, maintain solid capital and liquidity positions, and serve our customers, shareholders, employees and communities. We believe this is the surest path to producing long-term value.
On behalf of everyone at PNC, I want to thank you for your continued trust. We value your belief in us as we continue to build a great company.
For more information regarding certain factors that could cause future results to differ, possibly materially, from historical performance or from those anticipated in forward-looking statements, see the Cautionary Statement in Item 7 of our 2008 Annual Report on Form 10-K, which accompanies this letter.