If the headline is real, shareholders of this dog should revolt in the streets. There should not be a single Sterling senior manager who keeps their job. These people were asleep at the wheel and in total violation of their fiduciary duties to their shareholders, customers, and employees. For them to claim that they were unaware of the day-to-day operations of the small division that was delivering ~60% of the company’s profits is a travesty. Senior Sterling management and directors should be ashamed to show their faces in Lancaster County.

according to someone on the inside...there are lots of changes!

Are any of the following who were at Sterling during the fiasco, part of, going to be part of, or in any way associated with PNC?

Sterling Executive Officers--

J. Roger Moyer, Jr., Pres. and CEO

Tito L. Lima, CFO

J. Bradley Scovill, Chief Revenue Officer

Thomas J. Sposito, II, Chief Banking Officer

Chad M. Clabaugh, Senior VP
Outside Board Members--

Richard H. Albright, Jr., Dentist (Chairman of the Audit Committee)

Howard E. Groff, Jr., Howard E. Groff Co., fuel oil sales

William E. Miller, Jr., Miller and Associates, law firm

John E. Stefan, former Sterling Chairman of the Board

Glenn R. Walz, Walz, Deihm, Geisenberger, Bucklen & Tennis, CPAs

John H. Henderson, J.R. Henderson & Associates, consultants to not-for profits,

Terrence L Hormel, Hormel, Inc., investment managers

David E, Hosler, Murray Insurance Associates

Michael A Carenzo, CADWA Associates, managment consultants

Anthony D. Chivinski, Exec. VP and COO Pennfield Corp., ag and foods

W. Garth Sprecher, Senior VP, Corp. Sec., D&E Communications

Bertram F. Elsner, Elsner Engineering Works, retired from BOD end of 2006.
Sure created some mess!

All the names mentioned below will still be involved.

Most of the actual employees received HUGE pay days at the time of the merger and the other 'directors' will be part of a 'community board of directors' to continue to promote PNC's place in Lancaster County.
Join the class action suit. I think it is in NY federal court.