<PAGE> 1
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Schedule 13G
Under the Securities Exchange Act of 1934
Penn Treaty American Corporation
- -------------------------------------------------------------------------------
(Name of Issuer)
Common Stock
- -------------------------------------------------------------------------------
(Title of Class of Securities)
707874103
- -------------------------------------------------------------------------------
(CUSIP Number)
December 31, 1998
-------------------------------------------------------
(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this Schedule
is filed:
[X] Rule 13d-1(b)
[ ] Rule 13d-1(c)
[ ] Rule 13d-1(d)
CUSIP No. 707874103 Page 1 of 10 pages
1) Names of Reporting Persons S.S. or I.R.S. Identification Nos. of above
persons
PNC Bank Corp. 25-1435979
2) Check the Appropriate Box if a Member of a Group (See Instructions)
a) [ ]
b) [ ]
3) SEC USE ONLY
4) Citizenship or Place of Organization Pennsylvania
Number of Shares 5) Sole Voting Power 383,550
Beneficially Owned
By Each Reporting
Person With 6) Shared Voting Power 0
7) Sole Dispositive Power 395,850
8) Shared Dispositive Power 0
9) Aggregate Amount Beneficially Owned by Each Reporting Person 397,250
10) Check if the Aggregate Amount in Row (9) Excludes Certain Shares
(See Instructions) [ ]
11) Percent of Class Represented by Amount in Row (9) 5.1
12) Type of Reporting Person (See Instructions) HC
<PAGE> 2
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Schedule 13G
Under the Securities Exchange Act of 1934
Penn Treaty American Corporation
- -------------------------------------------------------------------------------
(Name of Issuer)
Common Stock
- -------------------------------------------------------------------------------
(Title of Class of Securities)
707874103
- -------------------------------------------------------------------------------
(CUSIP Number)
December 31, 1998
-------------------------------------------------------
(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this Schedule
is filed:
[X] Rule 13d-1(b)
[ ] Rule 13d-1(c)
[ ] Rule 13d-1(d)
CUSIP No. 707874103 Page 2 of 10 pages
1) Names of Reporting Persons S.S. or I.R.S. Identification Nos. of
above persons
PNC Bancorp, Inc. 51-0326854
2) Check the Appropriate Box if a Member of a Group (See Instructions)
a) [ ]
b) [ ]
3) SEC USE ONLY
4) Citizenship or Place of Organization Delaware
Number of Shares 5) Sole Voting Power 383,550
Beneficially Owned
By Each Reporting
Person With 6) Shared Voting Power 0
7) Sole Dispositive Power 395,850
8) Shared Dispositive Power 0
9) Aggregate Amount Beneficially Owned by Each Reporting Person 397,250
10) Check if the Aggregate Amount in Row (9) Excludes Certain
Shares (See Instructions) [ ]
11) Percent of Class Represented by Amount in Row (9) 5.1
12) Type of Reporting Person (See Instructions) HC
<PAGE> 3
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Schedule 13G
Under the Securities Exchange Act of 1934
Penn Treaty American Corporation
- -------------------------------------------------------------------------------
(Name of Issuer)
Common Stock
- -------------------------------------------------------------------------------
(Title of Class of Securities)
707874103
- -------------------------------------------------------------------------------
(CUSIP Number)
December 31, 1998
-------------------------------------------------------
(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this Schedule
is filed:
[X] Rule 13d-1(b)
[ ] Rule 13d-1(c)
[ ] Rule 13d-1(d)
CUSIP No. 707874103 Page 3 of 10 pages
1) Names of Reporting Persons S.S. or I.R.S. Identification Nos. of above
persons
PNC Bank, National Association 22-1146300
2) Check the Appropriate Box if a Member of a Group (See Instructions)
a) [ ]
b) [ ]
3) SEC USE ONLY
4) Citizenship or Place of Organization
Number of Shares 5) Sole Voting Power 383,550
Beneficially Owned
By Each Reporting
Person With 6) Shared Voting Power 0
7) Sole Dispositive Power 395,850
8) Shared Dispositive Power 0
9) Aggregate Amount Beneficially Owned by Each Reporting Person 397,250
10) Check if the Aggregate Amount in Row (9) Excludes Certain Shares
(See Instructions) [ ]
11) Percent of Class Represented by Amount in Row (9) 5.1
12) Type of Reporting Person (See Instructions) HC
<PAGE> 4
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Schedule 13G
Under the Securities Exchange Act of 1934
Penn Treaty American Corporation
- -------------------------------------------------------------------------------
(Name of Issuer)
Common Stock
- -------------------------------------------------------------------------------
(Title of Class of Securities)
707874103
- -------------------------------------------------------------------------------
(CUSIP Number)
December 31, 1998
-------------------------------------------------------
(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this Schedule
is filed:
[X] Rule 13d-1(b)
[ ] Rule 13d-1(c)
[ ] Rule 13d-1(d)
CUSIP No. 707874103 Page 4 of 10 pages
1) Names of Reporting Persons S.S. or I.R.S. Identification Nos. of above
persons
BlackRock Advisors, Inc. 23-2784752
2) Check the Appropriate Box if a Member of a Group (See Instructions)
a) [ ]
b) [ ]
3) SEC USE ONLY
4) Citizenship or Place of Organization Delaware
Number of Shares 5) Sole Voting Power 383,550
Beneficially Owned
By Each Reporting
Person With 6) Shared Voting Power 0
7) Sole Dispositive Power 395,850
8) Shared Dispositive Power 0
9) Aggregate Amount Beneficially Owned by Each Reporting Person 397,250
10) Check if the Aggregate Amount in Row (9) Excludes Certain Shares
(See Instructions) [ ]
11) Percent of Class Represented by Amount in Row (9) 5.1
12) Type of Reporting Person (See Instructions) HC
<PAGE> 5
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Schedule 13G
Under the Securities Exchange Act of 1934
Penn Treaty American Corporation
- -------------------------------------------------------------------------------
(Name of Issuer)
Common Stock
- -------------------------------------------------------------------------------
(Title of Class of Securities)
707874103
- -------------------------------------------------------------------------------
(CUSIP Number)
December 31, 1998
-------------------------------------------------------
(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this Schedule
is filed:
[X] Rule 13d-1(b)
[ ] Rule 13d-1(c)
[ ] Rule 13d-1(d)
CUSIP No. 707874103 Page 5 of 10 pages
1) Names of Reporting Persons S.S. or I.R.S. Identification Nos. of above
persons
BlackRock Financial Management, Inc. 13-3806691
2) Check the Appropriate Box if a Member of a Group (See Instructions)
a) [ ]
b) [ ]
3) SEC USE ONLY
4) Citizenship or Place of Organization Delaware
Number of Shares 5) Sole Voting Power 383,550
Beneficially Owned
By Each Reporting
Person With 6) Shared Voting Power 0
7) Sole Dispositive Power 395,850
8) Shared Dispositive Power 0
9) Aggregate Amount Beneficially Owned by Each Reporting Person 397,250
10) Check if the Aggregate Amount in Row (9) Excludes Certain Shares
(See Instructions) [ ]
11) Percent of Class Represented by Amount in Row (9) 5.1
12) Type of Reporting Person (See Instructions) HC
<PAGE> 6
ITEM 1(a) - NAME OF ISSUER:
Penn Treaty American Corporation
ITEM 1(b) - ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES:
3440 Lehigh Street
Allentown, PA 18103
ITEM 2(a) - NAME OF PERSON FILING:
PNC Bank Corp.; PNC Bancorp, Inc.; PNC Bank, National Association; BlackRock
Advisors, Inc.; and BlackRock Financial Management, Inc.
ITEM 2(b) - ADDRESS OF PRINCIPAL BUSINESS OFFICE, OR IF NONE, RESIDENCE:
PNC Bank Corp., One PNC Plaza, 249 5th Avenue, Pittsburgh, PA 15222-2707
PNC Bancorp, Inc., 222 Delaware Avenue, Wilmington, DE 19899
PNC Bank, National Association, One PNC Plaza, 249 Fifth Avenue, Pittsburgh, PA
15222-2707
BlackRock Advisors, Inc., 1600 Market Street, 28th Floor,
Philadelphia, PA 19103
BlackRock Financial Management, Inc., 1600 Market Street, 27th Floor,
Philadelphia, PA 19103
ITEM 2(c) - CITIZENSHIP:
PNC Bank Corp. - Pennsylvania
PNC Bancorp, Inc. - Delaware
PNC Bank, National Association - United States
BlackRock Advisors, Inc. - Delaware
BlackRock Financial Management, Inc. - Delaware
ITEM 2(d) - TITLE OF CLASS OF SECURITIES:
Common Stock
ITEM 2(e) - CUSIP NUMBER:
707874103
<PAGE> 7
ITEM 3 - IF THIS STATEMENT IS FILED PURSUANT TO RULE 13d-1(b), or 13d-2(b),
CHECK WHETHER THE PERSON FILING IS A:
(a) [ ] Broker or dealer registered under Section 15 of the Act,
(b) [ X ] Bank as defined in Section 3(a)(6) of the Act,
(c) [ ] Insurance Company as defined in Section 3(a)(19) of the Act,
(d) [ ] Investment Company registered under Section 8 of the Investment
Company Act,
(e) [ X ] Investment Adviser registered under Section 203 of the Investment
Advisers Act of 1940,
(f) [ ] Employee Benefit Plan, pension Fund which is subject to the
provisions of the Employee Retirement Income Security Act of 1974
or Endowment Fund,
(g) [ X ] Parent Holding Company, in accordance with Rule 13d-(b)(ii)(G),
(h) [ ] Group, in accordance with Rule 13d-1(b)(1)(ii)(H).
ITEM 4 - OWNERSHIP:
The following information is as of December 31, 1998;
(a) Amount Beneficially Owned: 397,250 shares
(b) Percent of Class: 5.1
(c) Number of shares to which such person has:
(i) sole power to vote or to direct the vote 383,550
(ii) shared power to vote or to direct the vote 0
(iii) sole power to dispose or to direct the disposition of 395,850
(iv) shared power to dispose or to direct the disposition of 0
<PAGE> 8
ITEM 5 - OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS:
Not applicable.
ITEM 6 - OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF ANOTHER PERSON:
Not applicable.
ITEM 7 - IDENTIFICATION AND CLASSIFICATION OF THE SUBSIDIARY WHICH ACQUIRED
THE SECURITY BEING REPORTED ON BY THE PARENT HOLDING COMPANY:
Included are the following subsidiaries of PNC Bank Corp. - HC:
PNC Bancorp, Inc. - HC (wholly owned subsidiary of PNC Bank Corp.)
PNC Bank, National Association - BK (wholly owned subsidiary of
PNC Bancorp Inc.)
BlackRock Advisors, Inc. - IA (wholly owned subsidiary of PNC Bank, National
Association)
BlackRock Financial Management, Inc. - IA (wholly owned subsidiary of BlackRock
Advisors, Inc.)
ITEM 8 - IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF THE GROUP.
Not applicable.
ITEM 9 - NOTICE OF DISSOLUTION OF GROUP.
Not applicable.
ITEM 10 - CERTIFICATION.
By signing below I certify that, to the best of my knowledge and belief,
the securities referred to above were acquired and are held in the ordinary
course of business and were not acquired and are not held for the purpose of or
with the effect of changing or influencing the control of the issuer of the
securities and were not acquired and are not held in connection with or as a
participant in any transaction having that purpose or effect.
<PAGE> 9
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I
certify that the information set forth in this statement is true, complete and
correct.
February 12, 1999
---------------------------------------------
Date
/s/ ROBERT L. HAUNSCHILD
---------------------------------------------
Signature - PNC Bank Corp.
Robert L. Haunschild, Senior Vice President
and Chief Financial Officer
---------------------------------------------
Name/Title
February 12, 1999
---------------------------------------------
Date
/s/ JAMES B. YAHNER
---------------------------------------------
Signature - PNC Bancorp, Inc.
James B. Yahner, Vice President
---------------------------------------------
Name/Title
February 12, 1999
---------------------------------------------
Date
/s/ THOMAS R. MOORE
---------------------------------------------
Signature - PNC Bank, National Association
Thomas R. Moore, Vice President and Secretary
---------------------------------------------
Name/Title
February 12, 1999
---------------------------------------------
Date
/s/ PAUL L. AUDET
---------------------------------------------
Signature - BlackRock Advisors, Inc.
Paul L. Audet, Chief Financial Officer
---------------------------------------------
Name/Title
February 12, 1999
---------------------------------------------
Date
/s/ YOUNG D. CHIN
---------------------------------------------
Signature - BlackRock Financial Management, Inc.
Young D. Chin, Managing Director
---------------------------------------------
Name/Title
SEE AGREEMENT ATTACHED AS EXHIBIT A
<PAGE> 10
AGREEMENT EXHIBIT A
February 13, 1999
The undersigned hereby agree to file a joint statement on Schedule 13G
under the Securities Exchange Act of 1934, as amended (the "Act") in connection
with their beneficial ownership of common stock issued by Penn Treaty American
Corporation.
Each of the undersigned states that it is entitled to individually use
Schedule 13G pursuant to Rule 13d-1(c) of the Act.
Each of the undersigned is responsible for the timely filing of the
statement and any amendments thereto, and for the completeness and accuracy of
the information concerning each of them contained therein but none is
responsible for the completeness or accuracy of the information concerning the
others.
This agreement applies to any amendments to Schedule 13G.
PNC BANK CORP.
BY: /s/ ROBERT L. HAUNSCHILD
----------------------------------------------
Robert L. Haunschild, Senior Vice President
and Chief Financial Officer
PNC BANCORP, INC.
BY: /s/ JAMES B. YAHNER
----------------------------------------------
James B. Yahner, Vice President
PNC BANK, NATIONAL ASSOCIATION
BY: /s/ THOMAS R. MOORE
----------------------------------------------
Thomas R. Moore, Vice President and Secretary
BLACKROCK ADVISORS, INC.
BY: /s/ PAUL L. AUDET
----------------------------------------------
Paul L. Audet, Chief Financial Officer
BLACKROCK FINANCIAL MANAGEMENT, INC.
BY: /s/ YOUNG D. CHIN
----------------------------------------------
Young D. Chin, Managing Director
