ContractMerger Agreement • September 26th, 2007 • Yardville National Bancorp • National commercial banks
As you may know, Yardville National Bancorp (“Yardville”) has entered into an agreement, dated June 6, 2007 with The PNC Financial Services Group, Inc. (“PNC”) pursuant to which it is anticipated that Yardville will merge with and into PNC, with PNC as the surviving entity (the “Merger”). The Merger is subject to the approval of the stockholders of Yardville, which votes are scheduled to take place on or about October 19, 2007, and certain regulatory approvals. Upon consummation of the Merger, Yardville’s stockholders will exchange their shares of Yardville stock for either cash, shares of PNC stock or a combination of cash and shares of PNC stock (collectively, the “Merger Consideration”), and the separate corporate existence of Yardville shall cease.
