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PNC, National City Holders Approve Merger

Stock quotes in this article: PNC , NCC , WFC , WB , C  

Updated from 12:45 p.m. EST

Two large bank deals received shareholder approvals Tuesday, marking the final nod in what has become one of the most transformative years ever for the banking sector.

Early in the day, shareholders of both PNC Financial Services (PNC Quote) and National City (NCC Quote) approved a merger between the two banking institutions.

Pittsburgh-based PNC said in a press release that both shareholder groups approved the deal by a "substantial margin." The companies expect to close the transaction on Dec. 31. ...

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