BNET Industries
Market Cap:$26.0B
Last Fiscal Year Sales:$9.8B
- Public
- US
Dow Jones Description
PNC is a local bank with national reach. Founded in 1922 and headquartered in Pittsburgh, PA, The PNC Financial Services Group (NYSE: PNC) provides diversified financial services, including banking, real estate finance and asset-based lending, wealth management, asset management and global fund processing services. It serves certain national and international markets and the local area of Pennsylvania, New Jersey, Delaware, Ohio, and Kentucky with 830 branches and 3,770 ATMs. The Company has revenues of approximately $3.73 billion and employs about 25,000 workers. It recently acquired United National Bancorp, Riggs National Corp, and Harris Williams & Co.
Number of Employees 25,313
Contact Information
1 PNC Plaza 249 5th Ave
Pittsburgh, Pennsylvania 15222-2707
(412) 762-2000
Peer Companies
NAICS Code Commercial Banking: 522110
Recent Events
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BRIEF: PNC continues conversion of National City accounts
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Evening News Briefs Nov. 29
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Reports: Buffet venture prevails in bid for Capmark
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Fed seeking TARP repayment plan
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PNC, National City merger brings real estate opportunities
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National City will become PNC Bank next summer
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Business headlines: PNC to change Mich. branches
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ALLEN PARK: City closes real estate deal with Unity Studios (155)
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Recession makes it easier for businesses to donate time than money
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National City branch conversion begins: Merger brings new opportunities
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National City will be PNC
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FTN Equity Cap Markets Corp. upgrades PNC Financial Services to 'buy'
News & Analysis
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bank and pnc financial services group inc. - All News and Analysis
Pay Limits Hamper BofA Chief Search: Report
CHICAGO (Reuters) - Bank of America Corp's BAC search for a new chief executive has been hurt by federal pay limits that played a major role in the senior vice chairman of PNC Financial Services Group Inc PNC spurning feelers from the company, the Wall Street Journal reported on Saturday.PNC's...
Why I Am Long National City
Prudent Speculations submits: PNC Financial’s PNC purchase of National City NCC is an absolute travesty for National City shareholders and for the banks that chose to forgo a purchase of the Ohio lender. The company’s recent quarterly report was fairly positive in my opinion, as it showed a company that...
Treasury Uses TARP for PNC to Acquire National City
Wall Street Weather submits: Pittsburgh based regional bank PNC PNC announced Friday morning it is acquiring Cleveland based regional National City Bank NCC for $5.5 billion. For each share of NatCity common stock, NatCity shareholders will receive 0.0392 per share (about $2.23 a share) of PNC common stock. ...
Testing the TARP: PNC and NCC
Kirk Shinkle submits: After weeks of speculation as its share price headed toward the floor, Cleveland-based regional bank National City NCC goes to PNC Financial Services PNC. The deal creates the country's fifth-largest bank by deposits. by Kirk Shinkle
Two Banks That Don't Need Handouts: PNC, BBT
Trader Mark submits: PNC Financial PNC "missed" by more than BB&T BBT but the market has them both down 5% or so this morning. Even Wells Fargo WFC is down 7% today - miracle of miracles. Overall, two banks not needing government handouts (but I'm sure they'll...
PNC Financial Services Group to Buy Sterling Financial for 2.06 Times Revenue
The Deal: PNC Financial Services Group Inc. has agreed to acquire Sterling Financial Corporation for about $565 million. PNC will pay 0.1543 PNC shares and $7.60 in cash for each share of Sterling. Based on recent closing prices, the deal values Sterling at $19 per share, an 80 percent premium...
Orders issued under Bank Holding Company Act
Orders Issued Under Section 3 of the Bank Holding Company Act Capital City Bank Group, Inc. Tallahassee, Florida Capital City Bank Tallahassee, Florida Order Approving the Merger of Bank Holding Companies, Merger of Banks, and Establishment of Branches Capital City Bank Group, Inc. ("Capital...
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