DOJ requires divestitures in PNC Bank's acquisition of National City Corporation | Practical Law
On 11 December 2008, the US Department of Justice (DOJ) announced that PNC Financial Services Group Inc. (PNC) and National City Corporation (National City) have agreed to divest 61 National City banking branches in western Pennsylvania in order to resolve the DOJ's concerns that the proposed acquisition of National City by PNC would substantially lessen competition in certain local markets for retail banking, small business banking, and middle market banking services.