PNC Completes ARCS Commercial Mortgage Acquisition

PITTSBURGH, July 2 /PRNewswire-FirstCall/ -- The PNC Financial Services Group, Inc. (NYSE: PNC) announced today that it has completed the previously announced acquisition of Calabasas Hills, California-based ARCS Commercial Mortgage.

The PNC Financial Services Group, Inc. (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.

SOURCE The PNC Financial Services Group, Inc.

Released July 2, 2007