PNC Bank 2004 Annual Report Download - page 29

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Please find page 29 of the 2004 PNC Bank annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

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Responding when we are needed
Our people are eager to help when their communities – and others around the
world – are in need. In September 2004, when flooding disrupted thousands
of lives across Pennsylvania, PNC responded quickly to help. Though several of
our branches were damaged, our employees found ways to get the buildings
open for business – and to help ease the burden on our communities. We
further assisted the victims of the flooding by offering $150 million in low-cost
loans and $250,000 in grants to help people rebuild their lives.
Thousands of miles away from Pittsburgh, we reached out to help the Indian
Ocean communities ravaged by the December 2004 tsunamis. We extended a
corporate pledge to the American Red Cross and matched our employees’
donations to tsunami relief organizations.
We are just as committed to serving longer-term needs. In October 2004, for
example, we announced an economic development program for medium-sized
and small businesses in New Jersey. In conjunction with the New Jersey
Economic Development Authority, we offered up to $100 million in low-cost loans
to give qualified local entrepreneurs and business people incentive to invest in
their communities. The program was extremely well received, and many areas
in New Jersey are now benefiting from PNC’s dedication to their future.
The scope of our commitment to our communities is a clear sign that PNC has
been – and will continue to be – an excellent corporate citizen.