| Acronym | Definition |
| PNC | Professionals in the City (network; vari ... |
| PNC | Policia Nacional Civil (Spanish: Nationa ... |
| PNC | Preservation North Carolina (Raleigh, NC ... |
| PNC | Purdue University North Central (Westvil ... |
What does PNC stand for?
Policia Nacional Civil (Spanish: National Civil Police; Guatemala; est. 1997) PNC: Preservation ...
What does PNC Bank stand for?
What is PNC stand for? The name "PNC" is derived from the initials of both of the bank's two predecessor companies: Pittsburgh National Corporation and Provident National Corporation, which merged in 1983. What does the abbreviation PCN stand for?
What does PNC stand for in healthcare?
PNC. Post Natal Care. Medical, Service, Business. Medical, Service, Business. 1. PNC. ...
What does PNC stand for in texting?
PNC means Point and Click. This page explains how PNC is used on messaging apps such as Snapchat, Instagram, Whatsapp, Facebook, Twitter, TikTok, and Teams as well as in texts.
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What is PNC bank?
PNC Financial Services Group, Inc. (stylized as PNC) is an American bank holding company and financial services corporation based in Pittsburgh, Pennsylvania. Its banking subsidiary, PNC Bank, operates in 27 states and the District of Columbia, with 2,945 branches and 9,051 ATMs. The company also provides financial services such as asset management, wealth management, estate planning, loan servicing, and information processing.
Where is PNC Bank located?
1970s-era Pittsburgh National Bank logo, used until the 1982 merger to form PNC Bank. PNC's offices in Troy, Michigan. PNC Financial Services traces its history to the Pittsburgh Trust and Savings Company which was founded in Pittsburgh, Pennsylvania on April 10, 1845.
How many branches does PNC have?
PNC Bank offers consumer and business banking services via 2,296 branches in Alabama, Colorado, Delaware, the District of Columbia, Florida, Georgia, Kentucky, Indiana, Illinois, Kansas, Maryland, Massachusetts, Michigan, Missouri, New Jersey, New York, North Carolina, Ohio, Pennsylvania, South Carolina, Tennessee, Texas, Virginia, West Virginia, & Wisconsin. The pending BBVA USA acquisition would boost its presence in Colorado and Texas significantly, complement their existing presence in Alabama and Florida, and introduce the bank to the Arizona, California, and New Mexico markets.
How much was PNC fined?
It was fined $500,000.
How much did PNC pay for securities fraud?
In June 2003, PNC Bank agreed to pay $115 million to settle federal securities fraud charges after one of its subsidiaries fraudulently transferred $762 million in bad loans and other venture capital investments to an AIG entity in order to conceal them from investors.
What is PNC mortgage?
PNC Mortgage (formerly National City Mortgage) is credited with the first mortgage in the United States and has offices across the country. The company had $17.212 billion in mortgage loans outstanding as of December 31, 2017.
What is PNC's solution center?
In 2018, PNC began opening "Solution Centers", a hybrid between traditional bank branches and ATM-only services, mostly serving new markets.
Why is PNC called PNC?
The names of the bank’s two forerunner businesses, Pittsburgh National Corporation and Provident National Corporation, which merged in 1983, are where the term ″PNC″ comes from.
What is the history of PNC Financial Corporation?
The merger that eventually culminated in the formation of PNC Financial Corporation was made possible by a statute passed in Pennsylvania in 1982 that authorized state-wide banking. PNC’s founding holding company, Pittsburgh National Corporation, was formed in 1852, making it the oldest bank in Pittsburgh.
Does PNC have a credit card company?
PNC evolved become one of the major financial institutions in the metropolitan region of Washington. PNC began sending its mortgage business to Wells Fargo in the year 2005. PNC Financial Services Group, Inc.
Is PNC Bank going out of business?
Its merger with BBVA USA was finalized on June 1, 2021, at which point it became the seventh largest bank in terms of assets. The names of the bank’s two forerunner businesses, Pittsburgh National Corporation and Provident National Corporation, which merged in 1983, are where the term ″PNC″ comes from.
Who owns the PNC Bank?
PNC Financial Services Group is the company. William S. Demchak is now serving as chairman, president, and chief executive officer of The PNC Financial Services Group, which is recognized as one of the most successful and varied providers of financial services in the United States.
What bank did PNC take over?
After completing the legal acquisition of the offices on June 1, PNC Financial Services Group Inc. successfully completed the conversion of former BBVA USA branches into its own PNC Bank branches during the Columbus Day weekend.
Is PNC Bank a national bank?
PNC Bank, National Association is a national bank, and the Federal Deposit Insurance Corporation (FDIC) insures deposits of national banks (up to, and in accordance with, applicable limitations and restrictions). The city of Pittsburgh in Pennsylvania is home to the PNC Bank headquarters.
When did PNC move to a single platform?
1990. In 1990 , PNC made the strategic decision to move from separate technology platforms, operated by each individual bank, to a single common platform. That allowed the bank to offer customers a common set of products and services, wherever they were located.
What is PNC Global Investment Servicing?
Continuing the transformation of PNC's Global Investment Servicing (formerly known as PFPC Worldwide) business model, in addition to its processing capabilities, Global Investment Servicing increased its information services to the global investment industry through its acquisitions of Albridge Solutions Inc. (transaction closed on Dec. 7, 2007), a provider of portfolio accounting and enterprise wealth management services, and Coates Analytics Group LP (transaction closed on Dec. 10, 2007), a provider of Web-based analytics tools. On Feb. 2, 2010, PNC announced a definitive agreement to sell its PNC Global Investment Servicing subsidiary to BNY Mellon. The sale, which closed on July 1, 2010, further focuses PNC on its core banking business while offering PNC GIS the scale and scope to compete more effectively throughout the world.
What banks were established in Pittsburgh during the 1930s?
Because of their partnership, the leaders of First National of Pittsburgh and Peoples-Pittsburgh became national leaders in banking during the 1930s. Both of these banks established branches outside Pittsburgh in the smaller manufacturing towns of western Pennsylvania. They also began to offer loans to consumers for houses and cars with a relatively simple approval process. After the war, other banks followed the example of these PNC predecessors and expanded branch banking and consumer lending.
What banks did PNC acquire in the 90s?
PNC's growing wealth management business was bolstered by two bank acquisitions in the '90s: The Massachusetts Company, Boston, which was the oldest trust company in the country, dating from 1818, and which counted John Quincy Adams, Daniel Webster and Henry Wadsworth Longfellow among its clients and Indian River Federal Savings Bank of Vero Beach, Fla. , which added private banking capabilities to PNC's existing Florida trust business
When did PNC merge with Midlantic?
In 1995 , PNC achieved its longtime goal of entering New Jersey by merging with Midlantic Corporation in a $3 billion transaction that instantly gave it a major presence in the southern New Jersey/Philadelphia market.
When did PNC merge with Pittsburgh?
PNC is the product of a merger of two distinguished Pennsylvania banks in 1983 : Pittsburgh National Corporation and Provident National Corporation based in Philadelphia. Each of these institutions had served diverse markets so that merger creating PNC also became the largest bank in Pennsylvania.
When did PNC buy Sears?
In 1993, PNC acquired Sears Mortgage Company. PNC added the capabilities of Sears Mortgage to its existing PNC Mortgage operation to create one of the nation's largest mortgage originators and service providers at the time. Due to heavy consolidation in the industry, PNC made a strategic decision to exit the consumer mortgage business in 2000, selling PNC Mortgage to Washington Mutual Home Loans, Inc.
Overview
The PNC Financial Services Group, Inc. (stylized as PNC) is an American bank holding company and financial services corporation based in Pittsburgh, Pennsylvania. Its banking subsidiary, PNC Bank, operates in 27 states and the District of Columbia, with 2,629 branches and 9,523 ATMs. PNC Bank is on the list of largest banks in the United States by assets and is one of the largest banks …
History
PNC Financial Services traces its history to the Pittsburgh Trust and Savings Company which was founded in Pittsburgh on April 10, 1845. Due to the long recovery from the Great Fire of Pittsburgh, Pittsburgh Trust and Savings was not fully operational until January 28, 1852. It originally opened offices at Liberty Avenue and 12th Street. The bank was renamed The Pittsburgh Trust Compan…
Legal issues
In December 2013, the Department of Justice and the Consumer Financial Protection Bureau announced that they had reached an agreement with National City Bank to resolve allegations that the bank had charged Black and Hispanic borrowers higher prices for mortgages between 2002 and 2008, before the acquisition by PNC. Regulators claimed that National City had violated the Fair Housing Act and Equal Credit Opportunity Act by charging more than 75,000 borrowers highe…
Controversies
Beginning in 2010, until it changed its policy in February 2015, PNC was the subject of protests by the Earth Quaker Action Team, led by George Lakey, and the Rainforest Action Network due to its funding of companies engaged in mountaintop removal mining in Appalachia. The protests included political demonstrations at branches and offices and the annual general meeting, fasting, and boycotts.
Naming rights and sponsorships
PNC owns corporate naming rights to the following:
• PNC Park, home of the Pittsburgh Pirates baseball team
• PNC Arena in Raleigh, North Carolina. Home of the North Carolina State University men's basketball team and the NHL's Carolina Hurricanes
Chief executives
• William S. Demchak April 23, 2013 – present
• Jim Rohr CEO May 1, 2000 – April 23, 2013, Chairman May 2001 – April 2014
• Thomas H. O'Brien CEO of PNC April 1, 1985 – May 1, 2000
• Merle E. Gilliand November 1968 – April 1, 1985
See also
• BBVA USA
• Companies portal
• Banks portal
External links
• Official website
• Business data for PNC Financial Services: