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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES
EXCHANGE ACT OF 1934
JULY 20, 1999
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DATE OF REPORT (DATE OF EARLIEST EVENT REPORTED)
PNC BANK CORP.
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(Exact name of registrant as specified in its charter)
COMMISSION FILE NUMBER 1-9718
PENNSYLVANIA 25-1435979
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(State or other jurisdiction of (I.R.S. Employer
incorporation or organization) Identification No.)
ONE PNC PLAZA
249 FIFTH AVENUE
PITTSBURGH, PENNSYLVANIA 15222-2707
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(Address of principal executive offices)
(Zip Code)
(412) 762-1553
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(Registrant's telephone number, including area code)
(Former name or former address, if changed since last report)
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ITEM 5. OTHER EVENTS
On July 20, 1999, the Corporation announced an agreement to acquire
First Data Investor Services Group, Inc. (ISG), the mutual fund
servicing subsidiary of First Data Corp. for $1.1 billion in cash. The
transaction is expected to close in the fourth quarter of 1999, pending
regulatory approvals and satisfaction of customary closing
conditions. A copy of the press release issued by the Corporation is
attached hereto as Exhibit 99.1 and incorporated herein by reference.
Certain information made available by the Corporation with respect to
the acquisition of ISG is attached hereto as Exhibit 99.2 and
incorporated herein by reference.
The information in Exhibits 99.1 and 99.2 contains forward-looking
statements within the meaning of the Private Securities Litigation
Reform Act, which are based upon numerous assumptions and estimates
relating to future operations and are subject to the risks and
uncertainties described therein, among others. Many of these matters
are difficult to predict and may change over time. Forward-looking
statements contained within Exhibits 99.1 and 99.2 are not guarantees
of future performance. Actual results may differ materially from the
Corporation's current expectations. The Corporation assumes no
obligation to correct or update forward-looking statements to reflect
actual results, changes in assumptions or changes in other factors
affecting forward-looking statements or if the Corporation later
becomes aware that they are not likely to be achieved.
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS
(c) Exhibits
The exhibits listed on the Exhibit Index on page 3 of this Form 8-K
are filed herewith.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934,
the Registrant has duly caused this report to be signed on its behalf
by the undersigned thereunto duly authorized.
PNC BANK CORP.
(Registrant)
Date: July 21, 1999 By: /s/ Robert L. Haunschild
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Robert L. Haunschild
Senior Vice President and
Chief Financial Officer
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EXHIBIT INDEX
99.1 Press release issued by the Corporation on July 20, 1999, with respect
to the announcement of an agreement to acquire ISG, filed herewith.
99.2 Certain information made available by the Corporation with respect to
the acquisition of ISG, filed herewith.