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PNC » Topics » Sterling Financial Corporation Acquisition

This excerpt taken from the PNC 8-K filed Feb 3, 2009.

Sterling Financial Corporation Acquisition

We completed our acquisition of Sterling Financial Corporation (“Sterling”) on April 4, 2008. PNC issued approximately 4.6 million shares of PNC common stock and paid approximately $224 million in cash as consideration for the acquisition. PNC converted the Sterling banking charter and financial and customer data onto PNC’s financial and operational systems during August 2008.

This excerpt taken from the PNC 8-K filed Oct 16, 2008.

Sterling Financial Corporation Acquisition

We completed our acquisition of Sterling Financial Corporation (“Sterling”) on April 4, 2008. Sterling shareholders received an aggregate of approximately $224 million in cash and 4.6 million shares of PNC common stock. PNC converted the Sterling banking charter and financial and customer data onto PNC’s financial and operational systems during August 2008.

This excerpt taken from the PNC 8-K filed Jul 17, 2008.

Sterling Financial Corporation Acquisition

We completed our acquisition of Sterling Financial Corporation (“Sterling”) on April 4, 2008. Sterling shareholders received an aggregate of approximately $224 million in cash and 4.6 million shares of PNC common stock.

This excerpt taken from the PNC 8-K filed Apr 17, 2008.

Sterling Financial Corporation Acquisition

While not reflected in this Financial Supplement, we completed our acquisition of Sterling Financial Corporation (“Sterling”) on April 4, 2008. Sterling shareholders received an aggregate of approximately $224 million in cash and 4.6 million shares of PNC common stock.

EXCERPTS ON THIS PAGE:

8-K
Feb 3, 2009
8-K
Oct 16, 2008
8-K
Jul 17, 2008
8-K
Apr 17, 2008

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