In February 2009, PNC Financial Corporation announced it will cut about 10 percent of its workforce, or about 5,800 employees. The cuts will be completed by 2011. They include about 4,000 job cuts that National City Corporation announced in October 2008 before the acquisition. The announcement came as PNC reported its first loss since 2001, in the forth quarter of 2008. The loss was partly due to costs associated with the integration of National City Corporation into the company.WKRC-TV: PNC, Fidelity Announcing Layoffs (February 3, 2009) Bloomberg: PNC Shares Fall as Bank Reports First Loss Since ’01, Job Cuts(February 3, 2009)

1. Stock symbol: PNC
2. Annual revenue (2007): $7.937 billion
3. Year Established: 1852
4. Industry: Financial
5. Phone: (412) 762-2000
6. Fax: (412) 762-7829
7. HQ: Pittsburgh, Pennsylvania
8. President: Joseph C. Guyaux
9. CEO: James E. Rohr
10. CFO: Richard J. Johnson
11. Chairman, PNC Global Investment Servicing: Timothy G. Shack
12. Owns naming rights to PNC Park, home of the Pittsburgh Pirates

1. 1852: Pittsburgh Trust and Savings Company was founded
2. 1859: Pittsburgh National Corporation established
3. 1982: Pittsburgh National Corporation and Provident National Corporation merge into PNC Financial Corporation
4. 2008: PNC Financial Corporation announces it will buy National City Corporation
5. 2008: PNC takes over National City Corporation on December 31, 2008.Cleveland.com: National City owner PNC to cut 5,800 jobs February 3, 2009)
6. 2009: PNC announces it will lay off about 5,800 employees by 2011Bloomberg: PNC Shares Fall as Bank Reports First Loss Since ’01, Job Cuts(February 3, 2009)