Merger Approved by Yardville National Bancorp Shareholders
October 19 2007 - 3:38PM
PR Newswire (US)
HAMILTON, N.J., Oct. 19 /PRNewswire-FirstCall/ -- The Special
Meeting of Shareholders of Yardville National Bancorp ("Yardville")
(NASDAQ:YANB) was held this morning at La Villa Ristorante, 2275
Kuser Road, Hamilton Square, New Jersey. By a significant majority,
and with approximately 88% of the votes cast, Yardville
shareholders voted in favor of the Board of Directors' proposal to
merge Yardville with The PNC Financial Services Group, Inc.
(NYSE:PNC). With $2.56 billion in assets as of June 30, 2007,
Yardville serves individuals and small to mid-sized businesses in
the dynamic New York City-Philadelphia corridor. Yardville has a
network of 35 branches in Mercer, Hunterdon, Somerset, Middlesex,
Burlington, and Ocean counties in New Jersey and Bucks County in
Pennsylvania. Headquartered in Mercer County, Yardville emphasizes
commercial lending and offers a broad range of lending, deposit and
other financial products and services. For more information on YNB
please visit our web site at http://www.ynb.com/. The PNC Financial
Services Group, Inc. (http://www.pnc.com/) is one of the nation's
largest diversified financial services organizations providing
retail and business banking; specialized services for corporations
and government entities, including corporate banking, real estate
finance and asset-based lending; wealth management; asset
management and global fund services. L.G. Zangani, LLC provides
financial public relations services to the Company. As such, L.G.
Zangani, LLC and/or its officers, agents and employees, receives
remuneration for public relations and/or other services performed
for the Company. This remuneration may take the form of cash,
capital stock in the Company, or warrants and/or options to
purchase stock in the Company. Contact: Daniel O'Donnell, EVP/Chief
Legal Officer (609) 631-6157 or Leonardo G. Zangani (908) 788-9660
or YNB's website http://www.ynb.com/ Investor Relations website
http://www.zangani.com/ DATASOURCE: Yardville National Bancorp
CONTACT: Daniel O'Donnell, EVP, Chief Legal Officer of Yardville
National Bancorp, +1-609-631-6157, , or Leonardo G. Zangani of L.G.
Zangani, LLC, +1-908-788-9660, Web site: http://www.ynb.com/
http://www.zangani.com/ http://www.pnc.com/
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