Michael N. Harreld Named Regional President of PNC Bank, Greater Washington, D.C. Area Company Also Announces Other Members of Greater Washington Executive Team



    PITTSBURGH, March 18 /PRNewswire-FirstCall/ -- The PNC Financial Services
 Group, Inc. (NYSE:   PNC), today announced that Michael N. Harreld, a 36-year
 veteran of the company and currently regional president of its Kentucky
 banking operations, will serve as regional president of PNC's metropolitan
 Washington, D.C. franchise. Harreld will assume the role upon completion of
 PNC's previously announced merger with Riggs National Corporation, which is
 expected to close on May 13, 2005, pending appropriate regulatory and
 shareholder approvals.
     (Photo:  http://www.newscom.com/cgi-bin/prnh/20050318/CLF005 )
     Harreld will be responsible for overseeing all aspects of PNC's operations
 in Greater Washington, including retail banking, corporate banking, wealth
 management and community-based activities.
     "With his broad expertise and long record of success, Mike Harreld is the
 right person to lead PNC's growth in Greater Washington," said James E. Rohr,
 chairman and chief executive officer of PNC. "He will be surrounded by a
 leadership team that includes experienced executives from both PNC and Riggs.
 We are confident that this talented group will distinguish PNC as we work to
 meet the needs of existing customers, attract new clients and make an
 indelible contribution to the community."
     Harreld has held executive responsibilities in retail banking, corporate
 banking and wealth management for PNC and Citizens Fidelity (a PNC
 predecessor) since joining the company in 1969. He is also an active leader in
 Kentucky, where he has been widely honored for his leadership, particularly in
 education and affordable housing. He earned his undergraduate degree in
 history and political science and a law degree from the University of
 Louisville.
     Additional members of PNC's Greater Washington D.C. executive team
 announced today include:
      * Laila Batz-Krause, a PNC Regional Community Banking executive with more
        than 20 years of financial services experience, will serve as territory
        manager for PNC's retail banking business. She will have responsibility
        for PNC's branch system and business banking unit.
      * Wayne Hunley, who has held a number of management positions within
        PNC's corporate banking business over the past 18 years, will serve as
        corporate banking executive. In this role, Hunley will lead PNC's
        middle market banking, treasury management, government services and
        non-profit operations.
      * Glenn Kinard, a Riggs retail banking executive with more than 30 years
        of industry experience, will serve as assistant territory manager.
        Kinard will oversee PNC's commercial banking, merchant services units
        and its specialized product set for employees of eligible business
        banking clients.
 
     In addition, Lawrence I. Hebert, who is currently chief executive officer
 of Riggs National Corporation, has agreed to join PNC in a senior advisory
 capacity to assist with the transition.
     The executive team, which PNC expects to expand over the coming months,
 will begin to implement a wide range of growth initiatives immediately after
 the merger becomes official. The company will soon provide more details on its
 plans to add several new branches in Washington's Northern Virginia and
 Maryland suburbs. In addition, PNC will target growth areas where it has an
 established leadership position, such as university banking, business banking
 and treasury management.
 
     Executive Team Profiles
     Michael N. Harreld is regional president of PNC Bank, Kentucky, a member
 of The PNC Financial Services Group.  He is responsible for PNC activities in
 Kentucky and in Southern Indiana.
     Harreld joined Citizens Fidelity Bank (predecessor to PNC) in 1969 and in
 succeeding years had executive responsibilities for the Trust and Investment
 Division, Correspondent Banking Division, Retail Banking Division, Marketing,
 Bank Operations, and the Financial Services Division. He was named president
 of the holding company, Citizens Fidelity Corp., in 1986, and was responsible
 for the nine affiliate banks in Kentucky and Southern Indiana. He became
 president and chief executive officer in 1989.
     Harreld has been active in a multitude of civic affairs, particularly in
 higher education.  He has served as a member of the boards of four Kentucky
 universities and, in addition, has been Chair of the Kentucky Council on
 Higher Education. Harreld is on the boards of numerous organizations including
 the J. B. Speed Art Museum, Norton Healthcare Inc., and The Muhammad Ali
 Center.  He is a former Chair of the Board of Greater Louisville Inc. (Chamber
 of Commerce) and The Kentucky Bankers Association.
     He has received a variety of special honors, including the Advertising
 Club of Louisville's Louisvillian of the Year Award; Distinguished Alumnus
 Awards from the University of Louisville Law School and College of Arts and
 Sciences; Greater Louisville Inc.'s Gold Cup Award; and the Metropolitan
 Housing Coalition's Different Hero Award for his persistent commitment to
 affordable housing programs and issues.
     Harreld received his B.A. degree in history and political science from the
 University of Louisville in 1966 and his J.D. degree from the University of
 Louisville Law School in 1969.
 
     Lawrence I. Hebert has extensive banking experience both domestically and
 internationally, having run the day-to-day operations of several banks in
 Texas, London and Luxembourg in the 1970s. Hebert was elected a director of
 Riggs Bank N.A. in 1981 and joined the Board of Riggs National Corporation in
 1988. He now serves as chief executive officer of Riggs National Corporation
 and president and chief executive officer of Riggs Bank. He serves as a
 director of Riggs Investment Management Corporation, an indirect subsidiary of
 the Corporation. He is also a director of Riggs Bank Europe Limited, which is
 based in London.
     Before joining Riggs, Hebert served as chairman and chief executive
 officer of Allbritton Communications Company and was president of Perpetual
 Corporation. He also is a member of the board of directors of Washington,
 D.C.-based Allied Capital Corporation, a nationally-recognized leader in
 providing private investment capital to middle-market companies. Hebert is a
 graduate of Louisiana State University, and completed executive programs at
 the American Institute of Banking and the Stonier Graduate School of Banking,
 where he focused on international banking.
 
     Laila Batz-Krause is an executive vice-president of PNC Bank.  She is
 responsible for all aspects of PNC's retail bank in Western Pennsylvania.
     Krause has worked for PNC or one of its predecessors at various times over
 the last 21 years.  Before she assumed her current role in January of 2003,
 Krause was PNC's Business Banking territory sales manager for the Philadelphia
 area.  From 1996 to 2000, she served as regional manager and regional sales
 manager for PNC's consumer business in Philadelphia.
     Prior to joining PNC, Krause was a regional manager for Chemical Bank in
 Cherry Hill, N.J.  She also held various banking positions at CBNJ, Marine
 National Bank and Provident National Bank (a predecessor to PNC). Krause
 earned her bachelor's degree from Upsala College.
 
     Wayne Hunley joined PNC in 1986 as a management trainee.  During his 18
 years with the company, he has served in a variety of positions in Corporate
 Banking and Capital Markets, most recently as leader of PNC's Large Corporate
 business in Pittsburgh and all national markets south and west of PNC's six-
 state region. Other positions he has held include: manager of PNC's middle
 market corporate banking business in Pittsburgh; leadership of PNC Leveraged
 Finance, which originated financing opportunities with private equity sponsors
 nationwide; debt structuring and distribution responsibilities in PNC Loan
 Syndications; and relationship management responsibilities in PNC's Chicago
 Office.
     Hunley received an A.B. in Economics in 1986 from Harvard College, where
 he played varsity football.  He serves as a director and Treasurer of Gateway
 to the Arts, a non-profit organization that sponsors arts performances for
 schools; as an advisory board Member of the Salvation Army of Western
 Pennsylvania; and as secretary of the Harvard Club of Western Pennsylvania.
 He has participated in a number of leadership initiatives in the Pittsburgh
 area, including the New Idea Factory and Leadership Pittsburgh.
 
     Glenn Kinard joined Riggs in 2001 as deputy to the prior head of the
 Corporate & Institutional Banking Group and has been instrumental in growing
 and expanding Riggs' commercial lending business. In 2002, Riggs' Corporate &
 Institutional Banking Group extended over $600 million in new loan
 commitments, almost tripling loan production over the previous year.
     Kinard has more than 30 years of experience in the financial services
 industry. Before joining Riggs, he was executive vice president of Retail
 Banking for United Bank in Fairfax, Va. Previously, he was senior vice
 president and consumer banking executive for First Union (now Wachovia);
 market president and retail executive officer for Dominion Bankshares Corp.
 (acquired by First Union); and senior vice president, Retail Banking at
 American Security Bank. Kinard sits on the boards of directors of the Greater
 Washington Board of Trade and the Fairfax County Chamber of Commerce. He holds
 a bachelor of arts degree from George Washington University and is a graduate
 of George Washington's Executive Development program.
 
     The PNC Financial Services Group, Inc. is one of the nation's largest
 diversified financial services organizations providing consumer and business
 banking; specialized services for corporations and government entities,
 including corporate banking, real estate finance and asset-based lending;
 wealth management; asset management and global fund services.
 
 

SOURCE The PNC Financial Services Group, Inc.
RELATED LINKS
http://www.pncbank.com

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