| PNC Bank Joins the New Jersey SHARES Board Of Directors
Ewing, NJ — June 18, 2004 — New Jersey Statewide Heating and Referral
for Energy Services or NJ SHARES welcomes PNC BANK to the NJ SHARES
Board of Directors.
Mr. Jim Jacob, executive director of NJ SHARES said, “PNC BANK
joining the NJ SHARES Board is a great example of their dedication and
commitment to the communities that they serve throughout the state.”
PNC’s Community Development initiatives have recently received
the highest rating under the Community Redevelopment Act. Mr. Micheal
Nardo, Managing Director will represent PNC on the NJ SHARES Board.
Mr. Nardo has 18 years of increasing responsibility and experience.
“PNC bank is pleased to support the efforts of New Jersey SHARES
and looks forward to partnering to help those middle and fixed income
folks who need temporary assistance,” said Mr. Nardo.
New Jersey SHARES assists those people who do not otherwise qualify
for utility bill payment assistance through traditional programs. NJ
SHARES helps households with a temporary financial hardship that could
have resulted from a job loss, an illness or other misfortune. Each
client fills out an application with the assistance of a local community-
based organization. Eligibility is determined by the NJ SHARES staff
based on individual need. New Jersey SHARES grants are distributed year-round.
New Jersey SHARES is a statewide, non-profit 501(c)3 organization which
provides grants to pay the utility bills of households in need through
a statewide network of 63 community-based social service agencies. The
New Jersey SHARES Board consists of New Jersey’s seven natural
gas and electric utilities (Conectiv, NUI Elizabethtown Gas, GPU Energy,
New Jersey Natural Gas, Rockland Electric, South Jersey Gas and Public
Service Electric & Gas), six non-profit agencies (AARP, the Salvation
Army, Association for Children of New Jersey, New Jersey Community Action
Agencies, Catholic Charities and the Community Health Law Project),
and three at-large members Verizon, PNC Bank, and Mr. Michael Swayze
of Montclair.
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