PNC Bank and Giant Food Announce Plans for Banking Services in Virginia, Maryland,...

PNC Bank and Giant Food Announce Plans for Banking Services in Virginia,
Maryland, Delaware and District of Columbia
- Program's First Phase Includes 41 New In-Store Branches And 180 Additional
ATMs; PNC To Create 225 Positions -

LANDOVER, Md., Oct. 23 /PRNewswire-FirstCall/ -- The PNC Financial
Services Group, Inc. (NYSE: PNC) and Giant Food LLC of Landover, Maryland,
today announced an exclusive, 10-year agreement under which PNC will provide
banking services in Giant supermarket locations across Virginia, Maryland,
Delaware and the District of Columbia.
"This agreement significantly expands our presence in PNC's
fastest-growing region around Washington and Baltimore as we continue to make
banking easier and more convenient for PNC customers," said Joseph C. Guyaux,
president of PNC. "With Giant, we will expand our successful in-store banking
program with the region's No. 1 grocer in market share, create 225 positions
and build upon our business model that differentiates us from other banks."
"We are very excited and pleased to bring to our Giant customers a new
in-store banking opportunity," said Robin Michel, executive vice president and
general manager of Giant Food. Michel continued, "Many Giant customers have
come to appreciate the convenience of full-service, in-store banking. With
PNC, we expand an existing relationship with one of the nation's
best-performing banks, which has 12 years of in-store banking success and a
strong network of banks in our market areas. We are also pleased to be
providing our Giant customers with a bank that shares our commitment to the
high-quality service that our customers expect."
PNC Bank, which includes 1,100 branches and 4,000 ATM locations, intends
to open full-service, in-store branches. Initial plans call for 41 new
in-store branches and 180 ATMs to be in place in 2009. In addition to
locations in the District of Columbia, Virginia and Maryland, in-store branch
locations will be in Delaware, where PNC already has in-store branches in
three Giant stores. Under the agreement, more in-store branches and ATMs will
be added in existing and new Giant stores during the next 10 years. Financial
terms of the agreement were not disclosed.
This new agreement expands PNC's in-store program, which currently
includes more than 60 branches at grocery stores in five states (Delaware,
Kentucky, Maryland, New Jersey and Pennsylvania). It also builds upon the
successful in-store banking relationship in New Jersey between PNC and Giant
Food's affiliated supermarket chain Stop & Shop.
PNC's in-store branches increase the availability of banking services
seven days a week. A broad range of services is available, including checking,
savings, loans, mortgages and investments. The new Giant in-store branch
locations will expand upon PNC's existing presence in the region, which
includes: 133 traditional branches and 267 ATMs in the Greater Washington
Area; 142 branches and 146 ATMs in Greater Maryland; and 45 branches and 175
ATMs in Delaware.
About Giant
Giant Food LLC, headquartered in Landover, MD, operates 183 supermarkets
in Virginia, Maryland, Delaware and the District of Columbia, and employs
approximately 21,000 associates. Included within the 183 stores are 165
full-service pharmacies. For more on Giant, visit http://www.giantfood.com.
About PNC
PNC Bank, N.A., and PNC Bank, Delaware, are members of The PNC Financial
Services Group, Inc. (http://www.pnc.com), which is one of the nation's
largest diversified financial services organizations providing consumer 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.
SOURCE PNC Bank

MEDIA, Fred Solomon of PNC, +1-412-762-7544, frederick.solomon@pnc.com; or
Jamie Miller of Giant Food LLC, +1-301-341-8776, jmiller@giantofmaryland.com;
or INVESTOR, William Callihan of PNC, +1-412-762-8257,
investor.relations@pnc.com