Pnc Bank History Wikipedia (2024)

FAQs

What was the old name of PNC Bank? ›

PNC is the product of a merger of two distinguished Pennsylvania banks in 1983: Pittsburgh National Corporation and Provident National Corporation based in Philadelphia.

If you've been with BBVA, you are converting to a PNC Bank customer in October. Oct. 4, 2021, at 1:24 p.m. BBVA customers will find their branches being converted to PNC Bank.

The pros of PNC are that it has a great mobile banking app and high customer satisfaction scores. On the other hand, PNC bank's cons are that it charges high overdraft fees and doesn't have physical branch locations in all states.

In 1982, Pittsburgh National Corporation and Provident National Corporation, both with PNC as their abbreviations, merged into a new entity named PNC Financial Corporation. It was the largest bank merger in American history at the time and created a company with $10.3 billion in assets.

PNC Bank is a subsidiary of The PNC Financial Services Group, Inc., a U.S.-based bank holding company headquartered in Pittsburgh, Pennsylvania, and founded in 1845.

Future Treasury Secretary Alexander Hamilton founds the Bank of New York, the oldest continuously operating bank in the United States—operating today as BNY Mellon.

In a nutshell

PNC Bank boasts a coast-to-coast branch network with approximately 2,300 branches and 60,000 PNC and partner ATMs. PNC is a full-service bank that offers personal banking services as well as mortgages, personal loans and business banking.

The parent company of PNC Bank is PNC Financial Services Group. It is a publicly traded company, using the ticker symbol PNC on the New York Stock Exchange, and it is a component of the large-cap benchmark index known as the S&P 500.

The Probability of Bankruptcy of PNC Financial Services Group Inc (PNC) is 5.59% . This number represents the probability that PNC will face financial distress in the next 24 months given its current fundamentals and market conditions.

Is it safe to keep money in PNC Bank? ›

PNC Bank is a member of the Federal Deposit Insurance Corporation (FDIC). The Federal Deposit Insurance Corporation (FDIC) is a federal agency organized in 1933 that insures depositors' accounts up to the insured amount at most commercial banks and savings associations.

Top Competitors and Alternatives of PNC Corporate and Institutional. The top three of PNC Corporate and Institutional's competitors in the Banking category are Razorpay with 42.00%, Oracle Financial Services with 11.52%, Temenos with 7.05% market share.

The 1983 merger of Provident National Corporation and Pittsburgh National Corporation to form PNC Financial Services brought together two highly-regarded banks, not just for their business philosophy, but also for their support of their regional culture.

According to the latest TipRanks data, approximately 44.28% of PNC Financial (PNC) stock is held by retail investors. Who owns the most shares of PNC Financial (PNC)? Vanguard owns the most shares of PNC Financial (PNC).

National City branch in Springboro, Ohio. National City Bank was founded on May 17, 1845, when a group of Cleveland, Ohio businessmen pooled $50,000 to organize the City Bank of Cleveland, the first bank opened under the Ohio Bank Act of 1845 in a small town with no gas, electricity, public waterworks, or railroad.

Company Information :: The PNC Financial Services Group, Inc. (PNC)

In May 2005, PNC Financial Services acquired Riggs Bank.

It was a subsidiary of Banco Bilbao Vizcaya Argentaria from 2007 until 2021, when it was acquired by PNC Financial Services. It operated mainly in Alabama, Arizona, California, Colorado, Florida, New Mexico, and Texas.