The Federal Reserve Approves PNC Financial to Acquire National City Group

WASHINGTON - The Federal Reserve Board announced approval of the application under section 3 of the Bank Holding Company Act by The PNC Financial Services Group, Inc., Pittsburgh, Pa., to acquire all the voting shares of National City Corporation ("National City") and thereby indirectly acquire National City's subsidiary bank, National City Bank, both of Cleveland, Ohio, according to the Ohio Vehicle Leasing Association.