PNC.com is an online business bank offering other financial options
PNC
Incorporated in the year 1983, The PNC Financial Services Group, Inc is a diversified financial services company in the United States. The firm is engaged in financial services like retail banking, corporate and institutional banking, asset management and global fund processing services. The operations of the company extend throughout the nation. The primary geographic markets of the company are located in Pennsylvania; New Jersey; the greater Washington, District of Columbia area, including Maryland and Virginia; Ohio; Kentucky, and Delaware. PNC Financial Services Group also offers a range of global fund processing services in the international market. The flagship subsidiary of the company is PNC Bank offering consumer and corporate services through about 840 branches in Delaware, Florida, Kentucky, Maryland, New Jersey, Ohio, Pennsylvania, Virginia, and Washington, DC. The company also has acquired Mercantile Bank in 2007 that covers the same region with its 240 branches. In addition to retail banking services, the other specialties of the company are wealth management, insurance, and a range of other specialized financial services.
History
The history of the company dates back to 1852 when the Pittsburgh Trust and Savings Company founded in Pittsburgh. The company established its corporate office at the corner of Fifth Avenue and Wood Street in Pittsburgh where it remains to this day. After a series of mergers, the Pittsburgh Trust and Savings Company evolved into the Pittsburgh National Corporation in the year 1959. The Philadelphia based Provident National Corporation, whose origins date back to the mid-19th century is another branch of the current bank. In 1982, Pittsburgh National Corporation and Provident National Corporation merged to give way to PNC Financial Corporation. The corporation purchased more than ten smaller banks and broadened its market base from Kentucky to the Greater New York Metro area between 1991 and 1996. In the year 2005, PNC acquired Riggs National Corporation based in Washington, D.C. Eventually, Maryland-based Mercantile Bankshares was acquired in 2007. In the same year, the pending acquisition of Yardville National Bancorp, a small commercial bank centered in central New Jersey and eastern Pennsylvania was also completed. With some of these largest mergers, the company has emerged as the 11th largest bank by deposits in the United States.
Products and Services
The Retail Banking facilities of the company range over deposit, lending, brokerage, trust, investment management, and cash management services benefiting more than 2.5 million consumer and small business customers in the areas where the company operates. The wide business network of the company consists of over 850 offices. Apart from these locations, the business is also carried through the call center located in Pittsburgh and the Internet, www.pncbank.com. The key areas of the branch network are located in Pennsylvania; New Jersey; the greater Washington, the District of Columbia including Maryland and Virginia; Ohio; Kentucky, and Delaware. The bank provides its brokerage services through PNC Investments, LLC and J.J.B. In addition to this, the retail banking services also extend into investment management services, employee benefit plans, contribution plan services and investment options.
The Corporate and Institutional Banking services include lending, treasury management, and capital markets products and services. The target groups of these services are mid-sized corporations, government entities and selected corporations. The various lending services are secured and unsecured loans, letters of credit and equipment leases. The list of treasury management services includes cash and investment management; funds transfer services, disbursement services, receivables management, and information reporting and global trade services. The capital markets-related services comprise foreign exchange, derivatives, loan syndications, mergers and acquisitions advisory and related services. The firm also offers commercial loan servicing, real estate advisory and technology solutions for the commercial real estate industry.
Company Profile
The total assets of PNC Financial Services are over $92.0 billion. The company is listed in the New York stock exchange with a ticker symbol PNC. The company also owns the Louisville-based Hilliard Lyons investment firm. PNC is rated as the country’s 11th largest bank by deposits and the third largest ATM provider. The company has employed over 21,455 employees. The annual revenue of the firm is over $6.22 billions with a net income of $2.70 billions.
Official Website
The official website of the company is PNC.com. The site provides a broad overview of the various services offered by the firm. The site also provides links to online banking systems. For a broad understanding of its corporate profile, history and industry related research studies, the sites listed under references and additional readings can be consulted.
Languages
English
Address
- 249 Fifth Ave
- Pittsburgh PA 15222 US
Contact
- PNC Bank
-
- +1 412 762 3372, Fax: +1 412 762 2596
Additional Information
Related Domains
External Links
- Stock: PNC
- Alexa: Pnc.com
- Yahoo! Biz
- CNN Money
- Business.com
- Answers.com
- Yahoo! Finance
References
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- Wealth Management