The PNC Financial Services Group, Inc.

Special Shareholders Meeting

Proposed Acquisition of National City Corporation

December 23, 2008

Exhibit 99.1

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James E. Rohr

Chairman and Chief Executive Officer

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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

or

NCC),

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

necessarily

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.

We

do

not

assume

any

duty

and

do

not

undertake

to

update

these

statements.

Future

events

or

circumstances

may

change

our

outlook

or

expectations

and

may

also

affect

the

nature

of

the

assumptions,

risks

and

uncertainties

to

which

our

forward-looking

statements

are

subject.

Actual

results

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).

We

have

included

these

web

addresses

as

inactive

textual

references

only.

Information

on

these

websites

is

not

part

of

this

document.

In

addition,

forward-looking

statements

in

this

presentation

are

subject

to

a

number

of

risks

and

uncertainties

related

both

to

the

acquisition

transaction

itself

and

to

the

integration

of

the

acquired

business

into

PNC

after

closing,

including

the

following:

•

Completion

of

the

transaction

is

dependent

on

customary

closing

conditions.

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

required

divestitures

and

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

going

forward

of

the

economic

and

financial

markets,

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

or

attrition

in

key

client,

partner,

and

other

relationships

may

be

greater

than

expected.

Litigation

and

governmental

investigations

currently

pending

against

National

City,

as

well

as

others

that

may

be

filed

or

commenced

as

a

result

of

this

transaction

or

otherwise,

could

impact

the

timing

or

realization

of

anticipated

benefits

to

PNC.

Our

ability

to

achieve

anticipated

results

is

also

dependent

on

our

ability

to

bring

National

City’s

systems,

operating

models,

and

controls

into

conformity

with

ours

and

to

do

so

on

our

planned

time

schedule.

•

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.

National City Acquisition Overview

Estimated GAAP EPS

accretive beginning in 2010, 

internal rate of return in

excess of 15%

PNC continues to maintain

strong liquidity and capital

position

Conservative cost savings

estimate, no revenue

synergies included

Presents a unique

opportunity to invest for the

long-term

Significantly expands PNC’s

banking franchise

Creates a leading

distribution network

Extends strong presence in

high net worth markets

Enhances scale of Corporate

& Institutional Banking

platform

Deepens product capabilities

Strategic Position

Financially Compelling

Focus on PNC’s competencies

in repositioning NCC balance

sheet to meet our desired

risk profile

Implement PNC’s established

enterprise risk management

philosophy

Leverage integration

capabilities (Mercantile,

Riggs, Sterling, Yardville)

Instill PNC’s continuous

improvement culture (One

PNC)

Appoint strong leadership

Integration Execution

The PNC Business Model Will Continue Creating a

Formidable,

Long-Term

Franchise.

(1)

Pending

acquisition

of

National

City

is

subject

to

customary

closing

conditions.

Pending

NCC

Acquisition

1

A Leading Market Share Across Our

Footprint

13

1

1.8B

58

VA

10

1

1.4B

25

WI

10

1

5.4B

105

FL

8

2

2.2B

56

MO

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;

none

of

anticipated

branch

divestitures

or

closings

assumed.

(1)

In

connection

with

regulatory

approvals,

PNC

has

agreed

to

divest

61

of

NCC’s

branches

in

Western

Pennsylvania

with

deposits

of

approximately

$4.1

billion

as

of

June

30,

2008.

Chicago

Chicago

Philadelphia

Philadelphia

Pittsburgh

Pittsburgh

Cleveland

Cleveland

Washington, DC

Washington, DC

St. Louis

St. Louis

Cincinnati

Cincinnati

Indianapolis

Indianapolis

Detroit

Detroit

West Palm

West Palm

Beach

Beach

Louisville

Louisville

Pending

NCC

Acquisition

1

Executive Leadership Team

PNC’s

Executives

Are

Recognized

Leaders

in

the

Financial

Services Industry.

Joe Guyaux

Retail Banking

Bill Demchak

Corporate & Institutional Banking

Asset and Liability Management

Rob Reilly

Private Banking and

Asset Management

Tim Shack

Global Investment Servicing

Technology and Operations

Pete Classen

Eastern Markets

Phil Rice

Western Markets

Jim Rohr

Chairman & CEO

Rick Johnson

Chief Financial Officer

Mike Hannon

Chief Risk Officer

Joan Gulley

Chief Human Resources Officer

Helen Pudlin

General Counsel

Mike Little

General Auditor

Tom Whitford

Integration

Shelley

Seifert

Jon

Gorney

Tim

Shack

Pending

NCC

Acquisition

Summary

Strong strategic fit that creates a leading

deposit banking franchise

Opportunity to apply PNC’s established and

successful business model to a broader

marketplace

Financially compelling transaction

Proven track record of successful execution

Pending

NCC

Acquisition

Cautionary Statement Regarding Forward-Looking

Information

Appendix

This

presentation

includes

“snapshot”

information

about

PNC

used

by

way

of

illustration

and

is

not

intended

as

a

full

business

or

financial

review.

It

should

not

be

viewed

in

isolation

but

rather

in

the

context

of

all

of

the

information

made

available

by

PNC

in

its

SEC

filings. 

We

also

make

statements

in

this

presentation,

and

we

may

from

time

to

time

make

other

statements,

regarding

our

outlook

or

expectations

for

earnings,

revenues,

expenses

and/or

other

matters

regarding

or

affecting

PNC

that

are

forward-looking

statements

within

the

meaning

of

the

Private

Securities

Litigation

Reform

Act.

Forward-looking

statements

are

typically

identified

by

words

such

as

“believe,”

“expect,”

“anticipate,”

“intend,”

“outlook,”

“estimate,”

“forecast,”

“will,”

“project”,

“target”,

“potential”

and

other

similar

words

and

expressions.

Forward-looking

statements

are

subject

to

numerous

assumptions,

risks

and

uncertainties,

which

change

over

time.

Forward-looking

statements

speak

only

as

of

the

date

they

are

made.

We

do

not

assume

any

duty

and

do

not

undertake

to

update

our

forward-looking

statements.

Because

forward-looking

statements

are

subject

to

assumptions

and

uncertainties,

actual

results

or

future

events

could

differ,

possibly

materially,

from

those

that

we

anticipated

in

our

forward-looking

statements,

and

future

results

could

differ

materially

from

our

historical

performance.

Our

forward-looking

statements

are

subject

to

the

following

principal

risks

and

uncertainties.

We

provide

greater

detail

regarding

some

of

these

factors

in

our

2007

Form

10-K

and

our

2008

Form

10-Qs,

including

in

the

Risk

Factors

and

Risk

Management

sections

of

those

reports,

and

in

our

other

SEC

reports.

Our

forward-looking

statements

may

also

be

subject

to

other

risks

and

uncertainties,

including

those

that

we

may

discuss

elsewhere

in

this

presentation

or

in

our

filings

with

the

SEC,

accessible

on

the

SEC’s

website

at

www.sec.gov

and

on

or

through

our

corporate

website

at

www.pnc.com/secfilings.

We

have

included

these

web

addresses

as

inactive

textual

references

only.

Information

on

these

websites

is

not

part

of

this

document.

Our

businesses

and

financial

results

are

affected

by

business

and

economic

conditions,

both

generally

and

specifically

in

the

principal

markets

in 

which

we

operate.

In

particular,

our

businesses

and

financial

results

may

be

impacted

by:

•

Changes

in

interest

rates

and

valuations

in

the

debt,

equity

and

other

financial

markets.

•

Disruptions

in

the

liquidity

and

other

functioning

of

financial

markets,

including

such

disruptions

in

the

markets

for

real

estate

and

other

assets

commonly

securing

financial

products.

•

Actions

by

the

Federal

Reserve

and

other

government

agencies,

including

those

that

impact

money

supply

and

market

interest

rates.

•

Changes in our customers’, suppliers’

and other counterparties’

performance in general and their creditworthiness in particular.

•

Changes

in

customer

preferences

and

behavior,

whether

as

a

result

of

changing

business

and

economic

conditions

or

other

factors.

•

Changes

resulting

from

the

newly

enacted

Emergency

Economic

Stabilization

Act

of

2008,

including

conditions

imposed

as

a

result

of

our

participation

in

the

Capital

Purchase

Program.

A

continuation

of

recent

turbulence

in

significant

portions

of

the

US

and

global

financial

markets,

particularly

if

it

worsens,

could

impact

our

performance,

both

directly

by

affecting

our

revenues

and

the

value

of

our

assets

and

liabilities

and

indirectly

by

affecting

our

counterparties

and

the

economy

generally.

Our

business

and

financial

performance

could

be

impacted

as

the

financial

industry

restructures

in

the

current

environment,

both

by

changes

in

the

creditworthiness

and

performance

of

our

counterparties

and

by

changes

in

the

competitive

landscape.

Given

current

economic

and

financial

market

conditions,

our

forward-looking

financial

statements

are

subject

to

the

risk

that

these

conditions

will

be

substantially

different

than

we

are

currently

expecting.

These

statements

are

based

on

our

current

expectations

that

interest

rates

will

remain

low

through

2009

with

continued

wide

market

credit

spreads,

and

our

view

that

national

economic

conditions

currently

point

toward

a

significant

recession

followed

by

a

subdued

recovery.

Cautionary Statement Regarding Forward-Looking

Information (continued)

Appendix

Our

operating

results

are

affected

by

our

liability

to

provide

shares

of

BlackRock

common

stock

to

help

fund

certain

BlackRock

long-term

incentive

plan

(“LTIP”)

programs,

as

our

LTIP

liability

is

adjusted

quarterly

(“marked-to-market”)

based

on

changes

in

BlackRock’s

common

stock

price

and

the

number

of

remaining

committed

shares,

and

we

recognize

gain

or

loss

on

such

shares

at

such

times

as

shares

are

transferred

for

payouts

under

the

LTIP

programs.

Legal

and

regulatory

developments

could

have

an

impact

on

our

ability

to

operate

our

businesses

or

our

financial

condition

or

results

of

operations

or

our

competitive

position

or

reputation.

Reputational

impacts,

in

turn,

could

affect

matters

such

as

business

generation

and

retention,

our

ability

to

attract

and

retain

management,

liquidity,

and

funding.

These

legal

and

regulatory

developments

could

include:

(a)

the

unfavorable

resolution

of

legal

proceedings

or

regulatory

and

other

governmental

inquiries;

(b)

increased

litigation

risk

from

recent

regulatory

and

other

governmental

developments;

(c)

the

results

of

the

regulatory

examination

process,

our

failure

to

satisfy

the

requirements

of

agreements

with

governmental

agencies,

and

regulators’

future

use

of

supervisory

and

enforcement

tools;

(d)

legislative

and

regulatory

reforms,

including

changes

to

laws

and

regulations

involving

tax,

pension,

education

lending,

the

protection

of

confidential

customer

information,

and

other

aspects

of

the

financial

institution

industry;

and

(e)

changes

in

accounting

policies

and

principles.

Our

issuance

of

securities

to

the

United

States

Treasury

may

limit

our

ability

to

return

capital

to

our

shareholders

and

is

dilutive

to

our

common

shares.

If

we

are

unable

previously

to

redeem

the

shares,

the

dividend

rate

increases

substantially

after

five

years.

Our

business

and

operating

results

are

affected

by

our

ability

to

identify

and

effectively

manage

risks

inherent

in

our

businesses,

including,

where

appropriate,

through

the

effective

use

of

third-party

insurance,

derivatives,

and

capital

management

techniques.

The

adequacy

of

our

intellectual

property

protection,

and

the

extent

of

any

costs

associated

with

obtaining

rights

in

intellectual

property

claimed

by

others,

can

impact

our

business

and

operating

results.

Our

ability

to

anticipate

and

respond

to

technological

changes

can

have

an

impact

on

our

ability

to

respond

to

customer

needs

and

to

meet

competitive

demands.

Our

ability

to

implement

our

business

initiatives

and

strategies

could

affect

our

financial

performance

over

the

next

several

years.

Competition

can

have

an

impact

on

customer

acquisition,

growth

and

retention,

as

well

as

on

our

credit

spreads

and

product

pricing,

which

can

affect

market

share,

deposits

and

revenues.

Our

business

and

operating

results

can

also

be

affected

by

widespread

natural

disasters,

terrorist

activities

or

international

hostilities,

either

as

a

result

of

the

impact

on

the

economy

and

capital

and

other

financial

markets

generally

or

on

us

or

on

our

customers,

suppliers

or

other

counterparties

specifically.

Also,

risks

and

uncertainties

that

could

affect

the

results

anticipated

in

forward-looking

statements

or

from

historical

performance

relating

to

our

equity

interest

in

BlackRock,

Inc.

are

discussed

in

more

detail

in

BlackRock’s

filings

with

the

SEC,

including

in

the

Risk

Factors

sections

of

BlackRock’s

reports.

BlackRock’s

SEC

filings

are

accessible

on

the

SEC’s

website

and

on

or

through

BlackRock’s

website

at

www.blackrock.com.

This

material

is

referenced

for

informational

purposes

only

and

should

not

be

deemed

to

constitute

a

part

of

this

presentation.

In

addition,

our

planned

acquisition

of

National

City

Corporation

(“National

City”)

presents

us

with

a

number

of

risks

and

uncertainties

related

both

to

the

acquisition

transaction

itself

and

to

the

integration

of

the

acquired

businesses

into

PNC

after

closing.

These

risks

and

uncertainties

include

the

following:

•

Completion

of

the

transaction

is

dependent

on

customary

closing

conditions.

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.

Cautionary Statement Regarding Forward-Looking

Information (continued)

Appendix

•

The

transaction

may

be

substantially

more

expensive

to

complete

(including

the

required

divestitures

and

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

going

forward

of

the

economic

and

financial

markets,

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

or

attrition

in

key

client,

partner

and

other

relationships

may

be

greater

than

expected.

Litigation

and

governmental

investigations

currently

pending

against

National

City,

as

well

as

others

that

may

be

filed

or

commenced

as

a

result

of

this

transaction

or

otherwise,

could

impact

the

timing

or

realization

of

anticipated

benefits

to

PNC

or

otherwise

adversely

impact

our

financial

results.

Our

ability

to

achieve

anticipated

results

is

also

dependent

on

our

ability

to

bring

National

City’s

systems,

operating

models,

and

controls

into

conformity

with

ours

and

to

do

so

on

our

planned

time

schedule.

•

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.

In

addition

to

the

planned

National

City

transaction,

we

grow

our

business

from

time

to

time

by

acquiring

other

financial

services

companies.

Acquisitions

in

general

present

us

with

risks,

in

addition

to

those

presented

by

the

nature

of

the

business

acquired,

similar

to

some

or

all

of

those

described

above

relating

to

the

National

City

acquisition.

Any

annualized,

proforma,

estimated,

third

party

or

consensus

numbers

in

this

presentation

are

used

for

illustrative

or

comparative

purposes

only

and

may

not

reflect

actual

results.

Any

consensus

earnings

estimates

are

calculated

based

on

the

earnings

projections

made

by

analysts

who

cover

that

company.

The

analysts’

opinions,

estimates

or

forecasts

(and

therefore

the

consensus

earnings

estimates)

are

theirs

alone,

are

not

those

of

PNC

or

its

management,

and

may

not

reflect

PNC’s,

National

City’s,

or

other

company’s

actual

or

anticipated

results.

Additional Information and Where to Find It

Appendix

The

proposed

merger

will

be

submitted

to

National

City’s

and

PNC’s

shareholders

for

their

consideration.

PNC

has

filed

a

Registration

Statement

on

Form

S-4

with

the

Securities

and

Exchange

Commission

(the

“SEC”),

which

includes

a

joint

proxy

statement/prospectus

of

PNC

and

National

City

that

also

constitutes

a

prospectus

of

PNC.

PNC

and

National

City

have

mailed

the

joint

proxy

statement/prospectus

to

their

respective

shareholders,

and

each

of

the

companies

plans

to

file

with

the

SEC

other

relevant

documents

concerning

the

proposed

merger.

Shareholders

and

other

investors

are

urged

to

read

the

joint

proxy

statement/prospectus

(which

was

first

mailed

to

PNC

and

National

City

shareholders

on

or

about

November

24,

2008)

as

well

as

any

other

relevant

documents

to

be

filed

with

the

SEC

in

connection

with

the

proposed

merger

or

incorporated

by

reference

into

the

joint

proxy

statement/prospectus

(and

any

amendments

or

supplements

to

those

documents),

because

they

will

contain

important

information.

You

may

obtain

a

free

copy

of

these

documents,

as

well

as

other

filings

containing

information

about

National

City

and

PNC,

at

the

SEC’s

website

(http://www.sec.gov)

and

at

the

companies’

respective

websites,

www.nationalcity.com/investorrelations

and

www.pnc.com/secfilings.

Copies

of

these

documents

and

the

SEC

filings

incorporated

by

reference

in

the

joint

proxy

statement/prospectus

can

also

be

obtained,

free

of

charge,

by

directing

a

request

to

Jill

Hennessey,

National

City

Corporation,

Senior

Vice

President,

Investor

Relations,

Department

2229,

P.O.

Box

5756,

Cleveland,

OH

44101-0756,

(800)

622-4204;

or

to

PNC

Financial

Services

Group,

Inc,

Shareholder

Relations

at

(800)

843-2206

or

via

e-mail

at

investor.relations@pnc.com.

National

City

and

PNC

and

their

respective

directors

and

executive

officers

may

be

deemed

to

be

participants

in

the

solicitation

of

proxies

from

the

shareholders

of

PNC

or

National

City

in

connection

with

the

proposed

merger.

Information

about

the

directors

and

executive

officers

of

National

City

is

set

forth

in

the

proxy

statement

for

National

City’s

2008

annual

meeting

of

shareholders,

as

filed

with

the

SEC

on

a

Schedule

14A

on

March

7,

2008.

Information

about

the

directors

and

executive

officers

of

PNC

is

set

forth

in

the

proxy

statement

for

PNC’s

2008

annual

meeting

of

shareholders,

as

filed

with

the

SEC

on

a

Schedule

14A

on

March

28,

2008.

Additional

information

regarding

the

interests

of

those

participants

and

other

persons

who

may

be

deemed

participants

in

the

merger

may

be

obtained

by

reading

the

joint

proxy

statement/prospectus.

You

may

obtain

free

copies

of

these

documents

as

described

in

the

preceding

paragraph.