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Wednesday, May 01, 2013

PNC ARTS ALIVE GRANTS $1 MILLION TO 21 ORGANIZATIONS

Posted to Announcement by Ms. Amanda Rittenhouse of PNC at 4:15 PM

Family art making in underserved communities and a Philadelphia film festival for children are among the innovative programs funded today by the PNC Foundation through PNC Arts Alive. Eighteen arts organizations and three service partners received grants of a combined $1 million in the fifth year of PNC Arts Alive.

“The creativity of Philadelphia’s arts sector is clearly evident in the innovative programs by PNC Arts Alive grantees” said Bill Mills, PNC regional president for Philadelphia and Southern New Jersey. “We set out to make the arts more accessible and challenged arts groups to help people experience art in new ways—to engage them now and in the future. The region’s performing arts community has delivered.”

PNC Arts Alive has awarded more than 120 grants totaling $5 million to more than 55 arts organizations in the Greater Philadelphia/Southern New Jersey region.

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Thursday, April 04, 2013

Wary Small Business Owners To Delay Hiring

Posted to Announcement by Ms. Amanda Rittenhouse of PNC at 9:20 AM

U.S. small and mid-sized business owners plan to delay hiring new employees or seek new loans amid cautious optimism about the economy, according to the latest findings of the PNC Economic Outlook survey.
The spring findings of PNC’s biannual survey, which began in 2003, reveals about one in four are highly optimistic about their own company’s prospects during the next six months, up from 23 percent last fall. Nearly half expect sales to increase during the next six months – on par with the previous 46 percent.
Their outlook has brightened about the U.S. economy during the next six months as 58 percent are optimistic and 41 percent are pessimistic in a turnaround from fall’s 42 percent and 57 percent, respectively. Regarding their local economies, 71 percent are optimistic and 28 percent are pessimistic – improved from 59 percent and 39 percent last fall.

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Wednesday, April 03, 2013

Teachers Receive V.I.P. Treatment at the Philadelphia Science Festival and Summer Science Institute

Posted to Announcement by Ms. Amanda Rittenhouse of PNC at 1:09 PM

For the first time, the Philadelphia Science Festival will celebrate teachers with free professional development workshops, resources, and a teachers’ lounge at its Science Carnival on the Parkway. FMC Corporation is sponsoring these activities through its $100,000 “Teaching the Science of Curiosity” grant.

On Saturday, April 20 from 11 a.m. to 4 p.m., teachers can see non-stop experiments, interactive activities and a packed line-up of live entertainment at the Science Carnival on the Parkway. All regional teachers are invited to visit the Science Carnival teachers’ lounge for free classroom resources, to meet scientists, and register to win a school supplies gift card or a teacher trip to an FMC research lab.

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Thursday, January 10, 2013

AMERICAN MILLIONAIRES SHOW TOUGH LOVE TO HEIRS: HERE’S HELP, BUT MAKE YOUR OWN WAY

Posted to Announcement by Ms. Amanda Rittenhouse of PNC at 11:14 AM

More than four in five (82 percent) of American millionaires agree that each generation should be responsible for creating its own wealth, up significantly from the 65 percent who said the same thing in 2007 according to a new survey from PNC Wealth Management.

In another post-recession scenario, one third (31 percent) of millionaires anticipate a decline in the wealth they expect to pass on to the next generation, according to the ninth annual Wealth and Values Survey. This number has more than doubled since this topic was addressed in a previous Wealth and Values survey in 2007. However, 49 percent report that they expect to pass on at least $500,000 of wealth to their heirs. More than eight in 10 (84 percent) say raising successful, hard-working children is their most important goal, an increase from 75 percent from five years ago.

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Friday, October 12, 2012

Bright Lights Shine as FMC Prepares for Leukemia and Lymphoma Society’s Walk Supporting Thousands

Posted to Announcement by Ms. Amanda Rittenhouse of PNC at 12:12 PM

Every four minutes, a patient is diagnosed with blood cancer, and this disease affects over 13,200 people in Eastern Pennsylvania.

To find the cure by funding research and support services for blood cancer patients, The Leukemia & Lymphoma Society is aiming to raise $837,000 at the 2012 Philadelphia Light the Night® Walk. More than 5,000 families, cancer survivors and corporate team members will kick off the event at 4:30 p.m. on Saturday, October 27 at Eakins Oval on the Ben Franklin Parkway. To volunteer or register for the Walk, visit www.lightthenight.org/epa.
As the leading corporate sponsor, FMC is donating $25,000 and organizing the largest team of nearly 200 employees for Philadelphia’s Light the Night® Walk.

Dozens of FMC employees also assembled more than 2,000 battery packs used to illuminate the signature red, white, and gold balloons at the Light the Night® Walk as part of their United Way Day of Caring.

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Thursday, October 04, 2012

U.S. SMALL BUSINESS OUTLOOK RETREATS AS ELECTION LOOMS

Posted to Announcement by Ms. Amanda Rittenhouse of PNC at 1:55 PM

PNC Survey Findings Show Decline in Hiring, Expectations; Nearly Half Say They Are Not ‘Better Off’
PITTSBURGH, October 4, 2012 – A soft outlook on sales has only one in four small business owners planning to hire in the next six months as business optimism retreats ahead of next month’s presidential election, according to the latest findings of the PNC Economic Outlook.
The fall findings of PNC’s biannual survey, which began in 2003, show a decline in owners’ expectations for sales and profits as the lackluster economic recovery struggles to gain steam. Business owners have less optimism about their local economies and are significantly more negative on the national level compared to last spring. Despite this dip in sentiment, owners remain more upbeat than this time last year, when optimism hit near-historic lows.

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Wednesday, September 19, 2012

Leaders Collaborate on Food Bank Supply Challenges at Hunger Symposium Hosted by Philabundance and Sponsored by FMC

Posted to Announcement by Ms. Amanda Rittenhouse of PNC at 5:09 PM

With the U.S. experiencing one of the worst droughts since 1936, FMC Corporation offered insights on combating crop shortages that impact the supply and availability of surplus food at the Second Annual Hunger Symposium hosted by Philabundance.

The Hunger Symposium brings together thought leaders and passionate individuals to collaborate on innovative ways to combat hunger.

To celebrate its partnership, FMC presented a donation of $100,000 to Philabundance at the event. This donation includes sponsorship of the symposium, the “Honoring You” gift of a week’s worth of food for each person who attended the symposium, and FMC’s adoption of the South Philadelphia Philabundance ‘Fresh For All’ food distribution location that is also staffed by employee volunteers for 2012 and again in 2013.

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Friday, September 14, 2012

CITY AND PNC PARTNER TO KEEP FAMILIES IN THEIR HOMES

Posted to Announcement by Ms. Amanda Rittenhouse of PNC at 10:04 AM

New Education Phase of City’s Foreclosure Prevention Programming Tackles Long-Term Outcomes
PHILADELPHIA, Sept. 12, 2012 – Mayor Michael A. Nutter and Judge Annette Rizzo today joined PNC officials to celebrate the impact of a new educational initiative that builds on the City’s successful foreclosure prevention efforts. The goal: educate homeowners threatened by foreclosure, stabilize their finances and empower them through knowledge.
Launched as a pilot program earlier this year, Tools for Financial Growth is a three-part education program designed to help homeowners make sound and sustainable financial decisions. Currently, 195 participants have completed the program and interest continues to run strong, with nearly 100 people registering each month.

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Thursday, May 17, 2012

Shire Appoints Leslie Waltke Global Vice President of Human Resources for HR Operations

Posted to Announcement by Ms. Amanda Rittenhouse of PNC at 12:09 PM

Shire plc, the global specialty biopharmaceutical company, announced that Leslie Waltke has been appointed Global Vice President of Human Resources for HR Operations. As part of the HR Leadership team, Ms. Waltke will be accountable for overseeing both strategic and day-to-day HR operations activity in addition to identifying, building, changing and implementing efforts related to the HR Operations delivery model in support of Shire’s Businesses and Corporate functions.

Ms. Waltke was most recently the Global Vice President for HR Service Delivery at SAP, where she evolved HR Service Delivery to a global model with a strong regional presence. Before joining SAP in 2004, she was the Vice President, Global HR Service Delivery, at American Express.

“We are pleased to have Leslie join Shire’s team and to build upon our organizational capabilities to enable achievement of our business objectives,” says Ann Judge, SVP of Shire Global Human Resources.

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Thursday, April 05, 2012

HELP WANTED: OPTIMISTIC SMALL BUSINESS OWNERS PLAN HIRING AMID EXPECTATIONS FOR MORE SALES AND CAPITAL SPENDING- PNC Survey Findings Show Brightest Outlook Since Start of Great Recession; Plans for Price Hikes Could Lead to Increased Risk of Inflation -

Posted to Announcement by Ms. Amanda Rittenhouse of PNC at 7:37 PM

An upbeat outlook on sales will prompt nearly one in three U.S. small business owners to add employees over the next six months as their optimism returns to positive levels unseen since before the ‘Great Recession’ of 2008-2009, according to the PNC Economic Outlook survey’s newest findings.
The spring findings of PNC’s biannual survey, which began in 2003, show expectations for sales and profits have rebounded from near-historic lows last fall and that owners have growing optimism about the U.S. economy, and their own company’s prospects. Nearly three in four (70 percent) plan to invest in their business in the next six months.
Despite the good news, inflation expectations remain elevated, as two in five owners (40 percent) plan to raise their selling prices, while only 7 percent intend to cut prices, indicating a significant rise in pricing pressures. Two-thirds (69 percent) plan to increase prices by more than 2 percent, which is Federal Reserve’s inflation “goal.”

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Tuesday, March 27, 2012

Philadelphia Mummers Fancy Brigades Announce New Board of Directors for 2012

Posted to Announcement by Ms. Amanda Rittenhouse of PNC at 11:55 AM

The Philadelphia Mummers Brigade Association has elected its new Board of Directors for the year 2012

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OMG! 20-SOMETHINGS STRESSED BY $45,000 IN AVERAGE DEBT-Combine Tech Tools, ‘Safety Net’ and Time to Increase Savings to Recover, PNC Advises-

Posted to Announcement by Ms. Amanda Rittenhouse of PNC at 9:30 AM

PITTSBURGH, March 21, 2012 – Twenty-somethings’ mounting debt is taking its toll, as 60 percent of the generation who grew up amid economic growth and graduated into a hard-hitting recession say they feel stressed about their outstanding debt, according to a survey by The PNC Financial Services Group, Inc. (NYSE: PNC).
The unique study compares responses among Generation Y and reveals that both low- and high-interest-rate debt increases with age, while the portion of income saved decreases in the late 20s.
These findings are part of the first-ever PNC Financial Independence Survey, which sought insights into the financial mindset of 20-somethings who make up nearly a third of the U.S. population and represent one of the largest generations in history.

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Thursday, January 19, 2012

WITH WEALTH COMES RESPONSIBILITY: MILLIONAIRES FIND COMMON GROUND ON OBLIGATIONS TO COUNTRY AND SOCIETY

Posted to Announcement by Ms. Amanda Rittenhouse of PNC at 3:12 PM

America’s millionaires recognize that with their wealth comes responsibility to help America through its challenges, according to survey findings by PNC Wealth Management, a member of The PNC Financial Services Group, Inc. (NYSE: PNC).
More than half of millionaires feel an obligation to “give back” and few are concerned with their ability to give, according to the eighth annual Wealth and Values Survey, entitled “Responsibility and Money: How the Wealthy View Their Role in Society.”
Despite the continued trials of the U.S. economy since 2008, the number of millionaires who believe “I have an obligation to give back to my community” has remained stable. This year, 59 percent agree or strongly agree, the same number as in 2008.
Meanwhile, the number of millionaires concerned about their ability to give to charities has declined to 11 percent from 20 percent in 2008, according to the survey of 555 millionaires.

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Thursday, December 01, 2011

Eunice Heath is Named a Woman of Distinction

Posted to Announcement by Ms. Amanda Rittenhouse of PNC at 1:06 PM

Eunice Heath, General Manager of Dow’s Home and Personal Care business, has been named a Women of Distinction, joining a prestigious group of female business leaders recognized by the Philadelphia Business Journal.

Heath brings Dow’s technology to formulations to make brands more environmentally friendly, economical and aesthetically pleasing. Under her leadership, the Personal Care business has helped delight consumers with new products powered by Dow including Nautica Oceans fragrance for Men®and Unilever Dove Men+Care body wash®.

Heath makes time to teach minority teens about the wonders of chemistry, shares her personal journey with homeless women as a means to inspire, and mentors younger leaders to help them in their careers. Among her community activities are support for Project H.O.M.E., the region’s leading advocate for the homeless and Philadelphia-based LEAD, a national non-profit whose mission is to convert high-potential minority students into high achievers.

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Friday, November 04, 2011

PNC Performance Award Winners Include Philadelphia Resident

Posted to Announcement by Ms. Amanda Rittenhouse of PNC at 12:30 PM

PHILADELPHIA, November 4, 2011 – Philadelphia resident Gwendolyn Gray is among this year’s nine winners of the PNC Performance Award, the highest honor given to employees by The PNC Financial Services Group, Inc. (NYSE: PNC).

The award program, now in its 19th year, recognizes PNC employees who demonstrate a pattern of significant achievement and deliver a consistent level of extraordinary performance. She was chosen from among 52,000 employees across the country.

Gray, a vice president and operations manager for PNC, oversees operations and account services in the Philadelphia region. A 34-year veteran of PNC, Gray serves as the volunteer coordinator for PNC Grow Up Great at the Franklin Institute. She is also a trustee and member of the finance and strategic planning committees at the Second Baptist Church of Germantown in Philadelphia.

www.pnc.com

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Tuesday, October 11, 2011

SMALL BUSINESS OWNERS DOWNGRADE OUTLOOK FOR U.S. ECONOMY, DISMISS HIRING INCENTIVES

Posted to Announcement by Ms. Amanda Rittenhouse of PNC at 5:04 PM

PNC Survey Uncovers Short-Term Fears, Long-Term Optimism
With weak sales as a major challenge, four out of five U.S. small business owners will maintain or reduce their number of full-time employees over the next six months, and they see little value in proposed Federal incentives to create jobs, according to the PNC Economic Outlook survey’s newest findings.
Only 14 percent of businesses say proposed tax incentives will positively impact their hiring plans, PNC found, as owners’ expectations for sales and profits are significantly lower than last spring, ushering in renewed pessimism compared to six months ago.

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Tuesday, September 06, 2011

REALITY BITES: NATION’S 20-SOMETHINGS ARE FEARFUL OF THEIR FINANCIAL FUTURE AMID ‘SLACKER’ ECONOMY

Posted to Announcement by Ms. Amanda Rittenhouse of PNC at 3:24 PM

PITTSBURGH, Sept. 6, 2011 – Financial reality is especially harsh for 20-somethings nationwide as a mere 23 percent rate themselves as totally independent, according to a first-ever survey by The PNC Financial Services Group, Inc. (NYSE: PNC).
Worse yet, only 18 percent of 20-29 year-olds, whose adult lives began amid the 2008 Great Recession, are confident they will have enough money to live comfortably when they are ready to retire.
These findings are part of the PNC Financial Independence Survey, which sought insights into the financial mindset of 20-somethings within Generation Y, which is projected to outnumber all population segments by 2017.
The unique study compares the responses within the age group and reveals their financial concerns are mounting in the early years of adult life. For example, 26 percent of 22-23 year-olds feel optimistic about their personal financial future and 20 percent are confident about having enough money for a comfortable retirement.

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Monday, August 08, 2011

WOMEN BUSINESS OWNERS FORECAST LONG-TERM GROWTH, WON’T ABANDON SHIP DESPITE STORMY ECONOMY

Posted to Announcement by Ms. Amanda Rittenhouse of PNC at 5:01 PM

Most Intend to Grow Not Sell Over Next Two Years; They Agree on Benefits of Networking, Views Split on Value of Social Media, PNC Survey Finds
The long-term view among U.S. women business owners is positive as eight out of 10 foresee growth over the next two years compared to 7 percent who want to sell, a sign that rising costs and economic uncertainty will not deter one of the fastest growing
segments of the nation’s small business sector.
The first-ever PNC Women Business Owners Outlook findings show these owners are managing through the current economy, holding the line on prices and employing new ideas and
creative tactics to help endure the slow recovery.
“Creativity is paramount for a business to navigate through a down period,” said Beth Marcello, director of women’s business development at PNC Bank.

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Friday, July 01, 2011

WOMEN BUSINESS OWNERS TO DELAY HIRING, RELY ON CREDIT CARDS AND PERSONAL SAVINGS FOR CAPITAL

Posted to Announcement by Ms. Amanda Rittenhouse of PNC at 12:51 PM

Satisfied With Their Own Business, Owners Pessimistic About U.S. and Local Economies, New PNC Survey Finds

PITTSBURGH, June 30, 2011 - One out of two U.S. women business owners expect their sales to increase in the next six months, but most have no plans to hire full-time employees as a "soft patch" has slowed the U.S. economic recovery.
The findings of the first-ever PNC Women Business Owners Outlook show women owners are satisfied with their overall business performance, as six out of 10 say their companies are currently meeting or exceeding expectations. However, women owners show a reluctance to take on longterm financing or make capital investments in the months ahead.

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Thursday, June 30, 2011

Dow Promotes Veteran Staff to Site Leader Positions

Posted to Announcement by Ms. Amanda Rittenhouse of PNC at 12:45 PM

Philadelphia, Pa., June 30, 2011 – The Dow Chemical Company has promoted three long-standing employees and named them site leaders at Spring House, Pa., Bristol, Pa., and Pennsauken, N.J. Nilesh Shah, Global R&D Director for the Home and Personal Care business will lead the Spring House site, replacing David Greenley who retired July 1 after 29 years at the company. Brian Albright returns to Philadelphia from Dow’s Hayward, California site to lead the Bristol site. Rob Buchler moves from the Catalyzing Business Success Team to head the Dow Building Solutions plant in Pennsauken, New Jersey.

For additional information, contact:
Barbara Del Duke
Public Affairs Manager
The Dow Chemical Company
215-785-7333
e-mail: bdelduke@dow.com

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Wednesday, June 29, 2011

Shire Appoints Jackie Cody Downing Global Vice President of Human Resources for Specialty Pharmaceuticals Business

Posted to Announcement by Ms. Amanda Rittenhouse of PNC at 4:06 PM

Global specialty biopharmaceutical company, Shire, announces Jackie Cody Downing has been appointed Global Vice President, Human Resources. Downing oversees the development and implementation of people initiatives to support the Specialty Pharmaceuticals’ global business strategy.

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Thursday, June 09, 2011

Local Entrepreneur Joins Hawthorn, PNC Family Wealth in Philadelphia

Posted to Announcement by Ms. Amanda Rittenhouse of PNC at 1:20 PM

Hawthorn, a member of The PNC Financial Services Group, Inc. (NYSE: PNC) that delivers tailored financial solutions to ultra-high-net worth individuals and families, announced today that Jennifer Dempsey Fox joined the company as a senior vice president, senior relationship manager and leader of the relationship management function for the Philadelphia office.
Fox will work closely with Investment Advisors, Wealth Strategists and other advisors to deliver Hawthorn’s integrated wealth management experience to a limited number of families and individuals. The Hawthorn experience encompasses fiduciary services, wealth strategy, investment management and consulting and private banking. In addition, she will oversee the activities of the relationship managers in the Philadelphia and Delaware offices of Hawthorn.

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Wednesday, June 01, 2011

PNC MAKES BANKING EASIER WITH MOBILE APP TO DEPOSIT CHECKS VIA iPHONE

Posted to Announcement by Ms. Amanda Rittenhouse of PNC at 12:41 PM

Free Mobile Deposit Option Reflects PNC’s Focus on Technology and Innovation

PNC Bank, a member of the PNC Financial Services Group, Inc. (NYSE: PNC), announced today a new mobile banking feature that allows customers to conveniently deposit checks using an iPhone®, iPod Touch® or iPad 2®.
“There has been unprecedented change in consumer preferences and customers’ relationship with their money,” said Tom Kunz, senior vice president and director of e-business and payments at PNC. “Mobile deposit is another way that PNC makes it easier for customers to achieve their financial goals with innovative products and new technology.”
Mobile deposit is now available to all consumer and small business customers of PNC Bank after its introduction to PNC Virtual Wallet® customers in April. The new mobile deposit feature arrives as more consumers are choosing online and mobile banking services over traditional options.

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Tuesday, May 10, 2011

THE PNC FOUNDATION PROVIDES $1 MILLION TO ARTS ORGANIZATIONS FOR MOBILE ART EXPERIENCES, FREE PUBLIC ARTS AND FAMILY-ORIENTED PROGRAMS

Posted to Announcement by Ms. Amanda Rittenhouse of PNC at 11:05 AM

PHILADELPHIA, PA, May 10, 2011 – Twenty-six arts organizations with innovative ways to bring visual and performing arts to new audiences were awarded grants of a combined $1 million today by The PNC Foundation through PNC Arts Alive.

To date, PNC Arts Alive has awarded 76 grants totaling $3 million to local arts organizations in the Greater Philadelphia/ Southern New Jersey region.

PNC Arts Alive is a five-year, $5 million initiative from the PNC Foundation, which receives its principal funding from The PNC Financial Services Group, Inc. (NYSE: PNC). The goal of PNC Arts Alive is to help area residents gain access to the arts, and to help arts organizations expand and engage audiences.

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Tuesday, April 12, 2011

Dow Announces Availability of DowGives Community Grant in Ambler

Posted to Announcement by Ms. Amanda Rittenhouse of PNC at 2:40 PM

Non-profit organizations that serve local youth are invited to submit proposals for the company’s 2011 DowGives Community Grant program. The Grants will support programs for youth in Ambler Borough, Lower Gwynedd, Upper Dublin and/or Whitpain Townships.

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Dow Announces Availability of DowGives Community Grant in Bristol

Posted to Announcement by Ms. Amanda Rittenhouse of PNC at 2:39 PM

Non-profit organizations that serve local youth are invited to submit proposals for the company’s 2011 DowGives Community Grant program. The Grants will support programs for youth in Bristol Borough, lower sections of Bristol Township, the City of Burlington and/or western sections of Burlington Township.

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Friday, April 01, 2011

BUSINESS OWNERS PROCEED WITH CAUTION: OUTLOOK BRIGHTENS ON SALES AND HIRING, BUT HIGHER COSTS FORCE PRICE HIKES

Posted to Announcement by Ms. Amanda Rittenhouse of PNC at 9:17 PM

PNC Survey Findings Support ‘Self-Sustaining’ Expansion That Won’t Be Derailed By Energy Prices, European Debt or Disaster in Japan

PITTSBURGH, March 31, 2011 – One out of two U.S. small business owners expect increased sales in the next six months, but rising non-labor costs threaten to squeeze profits and result in higher selling prices over the same period, according to the PNC Economic Outlook survey’s newest findings.

The spring findings of PNC’s biannual survey, which began in 2003, show owners’ expectations for sales and profits have rebounded from unexpected setbacks last fall along with a brighter outlook for hiring full-time employees. However, 64 percent foresee higher non-labor costs, which will prompt owners to raise prices in an effort to preserve profit margins.

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Monday, February 14, 2011

PNC Survey Finds Couples Remain Split on Financial Views and Investing

Posted to Announcement by Ms. Amanda Rittenhouse of PNC at 5:41 PM

The Great Recession has caused a disconnect between affluent couples on personal finance issues and how they plan and discuss money, according to survey findings by PNC Wealth Management, a member of The PNC Financial Services Group, Inc. (NYSE: PNC).

PNC’s “Love and Money” findings, as part of its Wealth and Values Survey, revisited a ground-breaking study first conducted five years ago on relationships and finances. The result: men and women aren’t on the same page with regard to the impact of the recession on their financial planning and many differences remain in how they view their money.

Forty-nine percent of women, versus 39 percent of men, say “we are planning our financial affairs more carefully than we used to,” whereas 51 percent of men and 38 percent of women say “nothing has changed.”

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Monday, December 20, 2010

United Way of Southeastern PA receives $100,000 Grant from PNC Bank to support United Way’s Asset and Workforce Development Initiatives

Posted to Announcement by Ms. Amanda Rittenhouse of PNC at 4:06 PM

The United Way of Southeastern Pennsylvania announced today that it has received a $100,000 grant from PNC Community Development Banking, a division of PNC Bank, N.A., to support the organization’s Asset and Workforce Development initiatives in 2011. PNC also granted $50,000 each today to the United Way of the Capital Region and the United Way Lackawanna/Wayne Counties.

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Tuesday, November 16, 2010

AFFLUENT INVESTORS’ FAITH IN FINANCIAL INSTITUTIONS STIRRED BUT NOT COMPLETELY SHAKEN AMID MARKET CONCERNS

Posted to Announcement by Ms. Amanda Rittenhouse of PNC at 1:31 PM

AFFLUENT INVESTORS’ FAITH IN FINANCIAL INSTITUTIONS STIRRED BUT NOT COMPLETELY SHAKEN AMID MARKET CONCERNS

Three Quarters Demand Greater Transparency and More Than Half Look
For More Comprehensive Solutions, PNC Survey Finds

PHILADELPHIA, Nov. 16, 2010 – Nearly half of affluent investors are comfortable with their own financial situations but are more pessimistic about the outlook for the U.S. economy and the stock market during the next six months, according to survey findings by PNC Wealth Management, a member of The PNC Financial Services Group, Inc. (NYSE: PNC).

While 47 percent are optimistic and just 16 percent pessimistic about their own investment decisions as reflected in their portfolios, one-third (34 percent) are negative about the prospects of the stock market and 57 percent have a gloomy outlook for the economy in the next six months. Their mood is significantly darker than a year ago when just 47 percent had a negative outlook heading into 2010.

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