Investor Presentation
Acquisition of National City Corporation
October 24, 2008
Exhibit 99.2

2
Cautionary Statement Regarding Forward-Looking
Information
This
presentation
contains
forward-looking
statements
regarding
our
outlook
or
expectations
with
respect
to
the
planned
acquisition
of
National
City
Corporation
(National
City),
the
expected
costs
to
be
incurred
in
connection
with
the
acquisition,
National
City’s
future
performance
and
consequences
of
its
integration
into
PNC,
and
the
impact
of
the
transaction
on
PNC's
future
performance.
Forward-looking
statements
are
subject
to
numerous
assumptions,
risks
and
uncertainties,
which
change
over
time.
The
forward-
looking
statements
in
this
presentation
speak
only
as
of
the
date
of
the
presentation,
and
each
of
PNC
and
National
City
assumes
no
duty,
and
does
not
undertake,
to
update
them.
Actual
results
or
future
events
could
differ,
possibly
materially,
from
those
that
we
anticipated
in
these
forward-looking
statements.
These
forward-looking
statements
are
subject
to
the
principal
risks
and
uncertainties
applicable
to
the
respective
businesses
of
PNC
and
National
City
generally
that
are
disclosed
in
the
2007
Form
10-K
and
in
current
year
Form
10-Qs
and
8-Ks
of
PNC
and
National
City
(accessible
on
the
SEC's
Web
site
at
www.sec.gov
and
on
PNC's
Web
site
at
www.pnc.com
and
on
National
City's
Web
site
at
www.nationalcity.com,
respectively).
In
addition,
forward-looking
statements
in
this
presentation
are
subject
to
the
following
risks
and
uncertainties
related
both
to
the
acquisition
transaction
itself
and
to
the
integration
of
the
acquired
business
into
PNC
after
closing:
•
Completion
of
the
transaction
is
dependent
on,
among
other
things,
receipt
of
regulatory
and
shareholder
approvals,
the
timing
of
which
cannot
be
predicted
with
precision
at
this
point
and
which
may
not
be
received
at
all.
The
impact
of
the
completion
of
the
transaction
on
PNC's
financial
statements
will
be
affected
by
the
timing
of
the
transaction,
including
in
particular
the
ability
to
complete
the
acquisition
in
the
fourth
quarter
of
2008.
•
The
transaction
may
be
substantially
more
expensive
to
complete
(including
the
integration
of
National
City's
businesses)
and
the
anticipated
benefits,
including
anticipated
cost
savings
and
strategic
gains,
may
be
significantly
harder
or
take
longer
to
achieve
than
expected
or
may
not
be
achieved
in
their
entirety
as
a
result
of
unexpected
factors
or
events.
•
Our
ability
to
achieve
anticipated
results
from
this
transaction
is
dependent
on
the
state
of
the
economic
and
financial
markets
going
forward,
which
have
been
under
significant
stress
recently.
Specifically,
we
may
incur
more
credit
losses
from
National
City’s
loan
portfolio
than
expected.
Other
issues
related
to
achieving
anticipated
financial
results
include
the
possibility
that 
deposit
attrition
may
be
greater
than
expected.
Litigation
and
governmental
investigations
currently
pending
against
National
City,
as
well
as
others
that
may
be
filed
as
a
result
of
this
transaction
or
otherwise,
could
impact
the
timing
or
realization
of
anticipated
benefits
to
PNC.
•
The
integration
of
National
City's
business
and
operations
into
PNC,
which
will
include
conversion
of
National
City's
different
systems
and
procedures,
may
take
longer
than
anticipated
or
be
more
costly
than
anticipated
or
have
unanticipated
adverse
results
relating
to
National
City's
or
PNC's
existing
businesses.
PNC's
ability
to
integrate
National
City
successfully
may
be
adversely
affected
by
the
fact
that
this
transaction
will
result
in
PNC
entering
several
markets
where
PNC
does
not
currently
have
any
meaningful
retail
presence.

3
Overview
Fixed exchange ratio
-
Total
consideration
of
$5.6
billion
(which
approximates
National
City’s
market
capitalization
as
of
the
close
of
business
on
October
23,
2008),
fixed
number
of
approximately 92 million PNC shares
-
0.0392 PNC shares for each National City share
-
$2.23 per National City share ;  a $384 million cash payment for
warrants
(1) As of October 23, 2008 based on PNC closing price of $56.88 per share and 2.036 billion NCC common shares outstanding plus 305 million Ratchet shares.
PNC
to
acquire
100%
of
National
City
resulting
in
5
largest
U.S.
deposit
franchise
-
Financially compelling structure
-
Approved for $7.7 billion of TARP preferred stock, resulting in post acquisition Tier 1
Capital ratio of approximately 10%
-
Due diligence complete
-
Regulatory and shareholder approval required; anticipated closing by December 31, 2008
Leverage PNC’s successful business model, technology and execution capabilities
Transaction Highlights
Key Terms
$1.2 billion annual expense reduction, 10% of combined expense base
Merger and integration costs of $2.3 billion, including a $1.8 billion conforming credit
allowance adjustment
Accretive to earnings in year 2, estimated IRR 15%+
Estimated Impact Assessment
th
1
1

4
1
Bank of America/Merrill Lynch
$720
2
Wells Fargo/Wachovia
711
3
JP Morgan/Washington Mutual
649
4
Citigroup
224
5
Proforma PNC
180
6
US Bancorp
128
7
SunTrust
116
-
National City
98
8
Royal Bank of Scotland
95
9
Regions
87
10
BB&T
86
-
PNC
82
1
Wells Fargo/Wachovia
6,779
2
Bank of America/Merrill Lynch
6,208
3
JP Morgan/Washington Mutual
5,462
4
Proforma PNC
2,747
5
US Bancorp
2,611
6
Regions
1,939
7
SunTrust
1,774
8
Royal Bank of Scotland
1,639
-
National City
1,570
9
BB&T
1,496
10
Fifth Third
1,357
-
PNC
1,177
A Leader in Deposits and Distribution
U.S. Branch Rank (#)
U.S. Deposit Rank ($)
Source:  SNL Financial, Branch data as of October 23, 2008; deposit data as of June 30, 2008; proforma for announced acquisitions.

5
A Broad Distribution Network
5
8%
$11.9B
270
MI
4
9%
$2.5B
47
DE
4
4%
$14.4B
187
IL
$17.8B
$2.5B
$8.7B
$9.6B
$8.0B
$36.9B
$56.8B
Deposits
Combined
8%
11%
10%
10%
13%
16%
22%
Share
4
3
2
2
1
1
1
Rank
330
NJ
29
DC
185
IN
202
MD
172
KY
464
OH
617
PA
Branches
PNC branches
NCC branches
Total Branches
2,747
Source:  SNL Financial, Branch data as of October 23, 2008; deposit data as of June 30, 2008.

6
Implementing the PNC Business Model
Commitment to a moderate
risk profile
Ability to grow high quality,
diverse revenue streams
Focus on continuous
improvement
Disciplined approach to
capital management
Strong execution
Exit non-core portfolios and
liquidate low return asset classes
Leverage PNC’s sales culture and
product capabilities
Capture expense synergies and
rationalize cost structure (One PNC)
Instill risk-adjusted return culture at
transaction level
Leverage proven ability to
implement the model as with past
transactions (Riggs, Mercantile)
PNC Model
Action Plan

7
National City Loan Portfolio Assessment
17.5%
$19.9
$113.4
Total Loans
Est. lifetime losses, market
value and other adjustments¹
Balance
(billions)
6.1%
49.0%
60.9%
27.9%
47.1%
52.5%
43.5%
12.0%
8.5%
0.1
11.0
2.2
0.6
1.0
5.3
2.0
4.0
$4.7
2.1
Total Other Loans
22.5
Total Impaired/Liquidating Portfolio
3.5
Commercial Construction –
Residential
2.3
Rec Finance/Indirect Auto
2.2
Conforming Mortgage Construction
10.0
Home Equity Indirect
4.5
Non-conforming Mortgage
33.3
Total Consumer
$55.4
Total Commercial
Loan balances as of August 31, 2008.  (1) To be included in purchase accounting or post acquisition financial results over time.

8
PNC Has Demonstrated Success Integrating Balance
Sheets into Our Model
3Q07
3Q08
Checking Relationships
(thousands)
286
298
3Q07
3Q08
Average Loans
(billions)
$12.4
$11.6
3Q07
3Q08
Average Deposits
(billions)
$12.0
$10.4
Instilling the PNC Model
-
Reduce higher risk
credit exposure
-
Reduce non-
relationship based,
high cost deposit
balances
-
At the same time,
grow relationships
Former Mercantile Market

9
Capital Impact
3.5%
3.6%
Tangible common equity
Assets
10.0%
8.2%
Tier 1 risk-based
$20B
$9B
$24B
$242B
$271B
$281B
Proforma
$14B
Total common equity
Ratios
$5B
Tangible common equity
$10B
Tier 1 capital
Capital
$118B
Risk weighted assets
$137B
Tangible assets
$146B
Total assets
09/30/08
PNC
Gives affect to both the acquisition and the inclusion of TARP preferred stock.

10
Summary
Creates a leading deposit banking franchise
Financially compelling transaction
Application of PNC’s established and 
successful business model
Proven track record of successful execution

11
The
PNC
Financial
Services
Group,
Inc.
and
National
City
Corporation
will
be
filing
a
joint
proxy
statement/prospectus
and
other
relevant
documents
concerning
the
merger
with
the
United
States
Securities
and
Exchange
Commission
(the
"SEC").
WE
URGE
INVESTORS
TO
READ
THE
JOINT
PROXY
STATEMENT/PROSPECTUS
AND
ANY
OTHER
DOCUMENTS
TO
BE
FILED
WITH
THE
SEC
IN
CONNECTION
WITH
THE
MERGER
OR
INCORPORATED
BY
REFERENCE
IN
THE
JOINT
PROXY
STATEMENT/PROSPECTUS
BECAUSE
THEY
WILL
CONTAIN
IMPORTANT
INFORMATION.
Investors
will
be
able
to
obtain
these
documents
free
of
charge
at
the
SEC's
Web
site
(www.sec.gov).
In
addition,
documents
filed
with
the
SEC
by
The
PNC
Financial
Services
Group,
Inc.
will
be
available
free
of
charge
from
Shareholder
Relations
at
(800)
843-2206.
Documents
filed
with
the
SEC
by
National
City
Corporation
will
be
available
free
of
charge
from
National
City
by
contacting
Investor
Relations
at
(800)
622-
4204.
The
directors,
executive
officers,
and
certain
other
members
of
management
and
employees
of
National
City
are
participants
in
the
solicitation
of
proxies
in
favor
of
the
merger
from
the
shareholders
of
National
City.
Information
about
the
directors
and
executive
officers
of
National
City
is
included
in
the
proxy
statement
for
its
2008
annual
meeting
of
shareholders,
which
was
filed
with
the
SEC
on
March
7,
2008.
Additional
information
regarding
the
participants
in
the
proxy
solicitation
and
a
description
of
their
direct
and
indirect
interests,
by
security
holdings
or
otherwise,
is
contained
in
the
proxy
statement
for
National
City's
September
15,
2008
special
meeting
of
shareholders,
which
was
filed
with
the
SEC
on
August
4,
2008.
Additional
information
regarding
the
interests
of
such
participants
will
be
included
in
the
joint
proxy
statement/prospectus
and
the
other
relevant
documents
filed
with
the
SEC
when
they
become
available.
The
directors,
executive
officers,
and
certain
other
members
of
management
and
employees
of
PNC
are
participants
in
the
solicitation
of
proxies
in
favor
of
the
merger
from
the
shareholders
of
PNC.
Information
about
the
directors
and
executive
officers
of
PNC
is
included
in
the
proxy
statement
for
its
2008
annual
meeting
of
shareholders,
which
was
filed
with
the
SEC
on
March
28,
2008.
Additional
information
regarding
the
interests
of
such
participants
will
be
included
in
the
joint
proxy
statement/prospectus
and
the
other
relevant
documents
filed
with
the
SEC
when
they
become
available.
Additional Information About The PNC/National City
Corporation Transaction