PNC Financial Services - wikipedia PNC Financial Services The PNC Financial Services Group, Inc. Type Public Traded as NYSE : PNC S&P 500 Component Industry Financial services Predecessor Pittsburgh National Corporation Provident National Corporation Founded April 10, 1845 ; 172 years ago ( 1845 - 04 - 10 ) Operational : January 28, 1852 Headquarters Tower at PNC Plaza Pittsburgh, Pennsylvania, United States Number of locations 2,520 branches Key people William S. Demchak ( CEO ) Robert Q. Reilly ( CFO ) Revenue US $ 16.423 billion ( 2016 ) Net income US $3.903 billion ( 2016 ) Total assets US $366.38 billion ( 2016 ) Total equity US $45.699 billion ( 2016 ) Number of employees 49,360 ( 2016 ) Website PNC.com PNC Financial Services Group, Inc. ( stylized as PNC ) is a Pittsburgh - based financial services corporation, with assets as of December 31, 2016 of approximately $366 billion, as well as deposits of approximately $249 billion. PNC operations include a regional banking franchise operating primarily in nineteen states and the District of Columbia with 2,520 branches and 9,024 ATMs, specialized financial businesses serving companies and government entities, and asset management and processing businesses. In the U.S., PNC is the fifth largest bank by number of branch offices, sixth largest by deposits, ninth largest by total assets, and fourth largest in number of ATMs. Contents 1 Current operations 1.1 Retail banking 1.1. 1 Virtual Wallet 1.2 Credit cards 1.2. 1 Historical Credit Card Outline 1.3 PNC Business Credit 1.4 Corporate and Institutional Banking / Harris Williams & Co 1.5 Mortgages 1.6 BlackRock 1.7 PNC Real Estate / Midland Loan Services 1.8 Other loans 2 History 2.1 National City acquisition 2.2 Other acquisitions 2.3 Sale of PNC Global Investment Servicing ( 2010 ) 2.4 The Tower at PNC Plaza 2.5 Harris Teeter partnership 3 Legal issues 3.1 Overcharging of Black and Hispanic borrowers by National City 3.2 Leak of account information 3.3 Lawsuit from Military Channel 3.4 Securities fraud settlement 3.5 Overtime claim by loan officers 4 Criticism 4.1 National Prearranged Services Fraud 4.2 Municipal Bonds Disclosure Violations 5 Community initiatives 6 Notable corporate buildings 7 Naming rights 8 Chief Executives 9 See also 10 Sponsorships 11 References 12 External links Current operations PNC Bank branch, located in the former headquarters of Riggs Bank on Pennsylvania Avenue, Washington, D.C. PNC Bank branch, located in the historic National Bank of Washington building, in Washington, D.C. PNC Bank NA is the principal subsidiary of the PNC Financial Services Group, Inc. Based in Pittsburgh, Pennsylvania, PNC Bank offers consumer and corporate services in 2,520 branches in Alabama, Delaware, the District of Columbia, Florida, Georgia, Kentucky, Indiana, Illinois, Maryland, Michigan, Missouri, New Jersey, New York, North Carolina, Ohio, Pennsylvania, South Carolina, Virginia, West Virginia, & Wisconsin. PNC also owns 22 % of publicly traded fund manager BlackRock. PNC Bank branch, located in Georgetown, Washington, D.C. In April 2006, the J.D. Power Consumer Center released the results of its New York Retail Banking Satisfaction Study indicating that PNC Bank had an average number of satisfied customers. PNC has also subcontracted with Nationwide Bank and Washington Federal to process its home equity and auto loans. The operation sends out bulk mailings with offers and has customer care centers in Pittsburgh, PA and Kalamazoo, MI to handle this, and other PNC Bank customer service and sales calls. Retail banking PNC is a top - ten Small Business Administration lender. With 9,000 ATMs, PNC has the third - largest bank automated teller machine network in the U.S. PNC claims to operate environmentally friendly `` green '' bank branches. PNC Asset Management Group ( AMG ) provides Institutional Asset Management and Wealth Management services to high - net worth investors and has approximately $265 billion in assets under administration, of which $136 billion is directly under management. Hawthorn Family Wealth provides provides management for clients with over $20 million. Virtual Wallet Virtual Wallet is a combination checking and savings account offered by PNC Bank, which allows for unlimited check payments. It was launched in July 2008 and was aimed primarily to the tech - savvy members of Generation Y. Virtual Wallet is a mobile application that features three integrated accounts : a checking account called Spend, a second, interest bearing checking account called Reserve and a savings account called Growth. The service had more than one million customers as of June 2012. Credit cards PNC owns a credit card portfolio with most cards as Visa products with $5.3 billion in outstanding credit card loans as of December 31, 2016. In 2014, PNC ranked as the 11th largest Visa / MasterCard issuer. Historical credit card outline In 1998, PNC sold its credit card business to Metris Companies and MBNA. In 2006, PNC got back into the credit card business by marketing and issuing credit cards, including one for small business, under the MasterCard brand by using a third - party vendor to handle its credit card business, partnering with Minneapolis, Minnesota - based U.S. Bancorp. After the National City merger in 2008, the U.S. Bancorp products were converted fully to PNC Bank products. PNC business credit PNC Business Credit focuses on Asset Based Lending, providing capital to private equity groups and middle market companies. This division of PNC operates out of offices in the US, Canada and the UK, closing over 400 deals in the last 2 years ( 2011 - 2013 ) and more than $27 Billion in commitments under management companies. PNC 's goal is to get deals done in a short period of time. Corporate and Institutional banking / Harris Williams & Co. PNC operates a top - ten treasury management business and the U.S. 's second - largest lead arranger of asset - based loan syndications. Its subsidiary Harris Williams & Co. is one of the U.S. 's largest mergers and acquisitions advisory firms for middle - market companies. PNC branch footprint, as of April 2015 PNC Bank Corporate Footprint Mortgages 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 $45 billion in mortgage loans outstanding as of December 31, 2016. This is the second mortgage division to be named PNC Mortgage. PNC had sold off the original PNC Mortgage to Washington Mutual in 2001 due to volatility in the market despite the fact that the market was in a `` boom '' period at the time, then subsequently outsourcing mortgages to Wells Fargo until the National City deal. PNC has no plans to enter the subprime lending market that plagued National City Mortgage. BlackRock PNC Bank, N.A. owns 22 % of BlackRock, the world 's largest publicly traded asset management firm by assets under management. PNC real estate / Midland loan Services PNC provides acquisition, development and permanent financing for commercial and multifamily real estate clients including a new term loan program and treasury management and capital markets services. Target clients include commercial real estate owners, operators, developers, and investors nationwide. Property types include office, multifamily, affordable housing, industrial, retail, seniors housing, healthcare, self - storage and lodging. In 2015, PNC was ranked # 7 on the list of Top Direct Lenders by National Real Estate Investor, with $16.9 billion in real estate lending that year. Midland Loan Services, a division of PNC Real Estate, is a third - party provider of service and technology for the commercial real estate finance industry. It specializes in commercial loan and CMBS portfolio servicing. Founded in 1991, its headquarters are in Overland Park, Kansas. In 2016, PNC / Midland was ranked by Mortgage Bankers Association as the top master and primary servicer of commercial bank and savings institution loans. Other loans As of December 31, 2016, PNC had $12 billion in automobile loans and $5 billion in education loans outstanding. History 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. Due to the long recovery from the Great Fire of Pittsburgh, PNC was not fully operational until January 28, 1852, when it opened offices at Liberty Avenue and 12th street. The bank was renamed The Pittsburgh Trust Company in 1853. In 1858, the company located its corporate offices at the corner of Fifth Avenue and Wood Street in Pittsburgh where they remain to this day. The bank changed its name to First National Bank of Pittsburgh in 1863, after it became the first bank in the country to apply for a national charter as part of that year 's National Banking Act. It received charter # 48 on August 5, 1863, with other later banks receiving charters sooner due to paperwork problems and the fact that the bank was already in business. By 1959, after a series of mergers, the bank had evolved into the Pittsburgh National Bank, which later became the leading subsidiary of Pittsburgh National Corporation. Another branch of the current bank, the Philadelphia based Provident National Corporation, dates back to the mid-19th century. In 1982, Pittsburgh National Corporation and Provident National Corporation merged into a new entity named PNC Financial Corporation, so the acronym technically does n't stand for anything. It was the largest bank merger in American history at the time and created a company with $10.3 billion in assets. Between 1991 and 1996, PNC purchased more than ten smaller banks and financial institutions that broadened its market base from Kentucky to the Greater New York metropolitan area. National City acquisition For more details on this topic, see National City acquisition by PNC. On October 24, 2008, during the financial crisis of 2007 - 2008, PNC announced that it would acquire Cleveland - based National City Corp. for $5.2 billion in stock. The announcement came hours after PNC sold preferred stock to the United States Treasury as part of the $700 billion bailout plan, which it repurchased within two years. The deal helped PNC double in size and to become the sixth largest bank in the United States by deposit and fifth largest by branches and made PNC the largest bank in Pennsylvania, Ohio, and Kentucky, as well as the second largest bank in Maryland and Indiana. It also greatly expanded PNC 's presence in the Midwest as well as entering the Florida market. National City complemented PNC 's presence, as Western Pennsylvania, Cincinnati, Ohio and Louisville, Kentucky were among the few markets before the acquisition deal in which both banks had a major presence. PNC then had its footprint stretch from New York City to St. Louis, with branches as far south as Miami and as far north as Sault Ste. Marie, Michigan on the Upper Peninsula of Michigan. PNC completed the conversion of the National City branches on June 14, 2010. Other acquisitions PNC acquired the former United National Bancorp based in Bridgewater, New Jersey in 2004. In 2005, PNC acquired Riggs Bank, which operated in the Washington, DC, area. Riggs had aided Chilean dictator Augusto Pinochet in laundering money. PNC completed the acquisition of Maryland - based Mercantile Bankshares on March 2, 2007, making PNC the eighth largest bank in the United States by deposits. On October 26, 2007, PNC completed the acquisition of Yardville National Bancorp, a small commercial bank centered in central New Jersey and eastern Pennsylvania. On April 4, 2008, PNC completed the acquisition of Sterling Financial Corporation, a commercial and consumer bank with accounts and branches in central Pennsylvania, northeastern Maryland and Delaware. On September 15, 2007, PNC Bank acquired Citizens National Bank of Laurel, Maryland. PNC Bank branch and offices in Southgate, Michigan. On August 14, 2009, PNC took over Dwelling House Savings & Loan and its only branch location in Pittsburgh 's Hill District after Dwelling House failed and was placed under receivership by the Federal Deposit Insurance Corporation. PNC agreed to assume all of Dwelling House 's assets, and the branch became a PNC branch on August 17. Dwelling House had been known in Pittsburgh to provide low - income African Americans loans that other banks would deny, and had fended off receivership from the FDIC as recently as June 2009 through community fundraisers. PNC closed the former Dwelling House branch shortly after assuming Dwelling House 's assets, with accounts transferred to the pre-existing PNC branch in the Hill District. In 2011, PNC bought BankAtlantic 's Tampa Bay Area branches. Also in 2011, PNC acquired 27 branches in the northern Atlanta suburbs with $240 million in deposits and $42 million in book value from Flagstar Bank. In 2012, PNC acquired RBC Bank from Royal Bank of Canada for $3.45 billion. RBC Bank had a 426 branches in southern Virginia, North Carolina, South Carolina, Georgia, Alabama, and Florida. Of these regions, PNC had existing branches only in Florida. PNC entered growing markets in the Southeastern US, such as Birmingham, Charlotte, Norfolk / Virginia Beach ( Hampton Roads ), Mobile, North Florida, Richmond, Greensboro / Winston - Salem ( Piedmont Triad ), and Raleigh / Durham ( Research Triangle ). At the same time, it expanded PNC 's presence in South Florida, Tampa Bay Area to Orlando, and Atlanta. This acquisition filled a gap in PNC 's market footprint between northern Virginia and central Florida, adding about 900,000 customers and 483 ATM locations. It made PNC the 5th largest bank by branches behind Wells Fargo, Bank of America, Chase, and U.S. Bancorp and the 6th largest by total assets behind the aforementioned four banks and Citibank. Sale of PNC Global Investment Servicing ( 2010 ) PNC 's Global Investment Servicing subsidiary was the second - largest full - service mutual fund transfer agent in the U.S and the second - largest full service accounting & administration provider to U.S. mutual funds. PNC Global Investment Servicing had provided services to the global investment industry since 1973. With 4,700 employees, PNC Global Investment Servicing operated from the Republic of Ireland, the United States and the Cayman Islands, PNC International Bank Limited operated from Luxembourg. PNC Global Investment Servicing serviced $1.9 trillion in total assets and 58 million shareholder accounts. In 2007, PNC Global Investment Servicing Trustee & Custodial Services Limited was awarded a banking licence by financial regulators allowing it to expand further into Europe. As a result, the name changed to PNC Global Investment Servicing. PNC Global Investment Servicing was formally known as PFPC until July 2008. In 2010, The Bank of New York Mellon acquired PNC 's Global Investment Servicing. PNC had sold the division to repay funds from the Troubled Asset Relief Program, which were used for the National City acquisition. The Tower at PNC Plaza One PNC Plaza. PNC 's former corporate headquarters in Downtown Pittsburgh. Main article : Tower at PNC Plaza PNC is headquartered in a modern, 40 floor, 800,000 - square - foot ( 74,000 m ) skyscraper it built from 2012 -- 2015, located on the corner of Fifth Avenue and Wood Street in Downtown Pittsburgh. Officially opened on October 2, 2015, the building is named The Tower at PNC Plaza, in contradistinction to the previous headquarters building, known as One PNC Plaza, and located at 249 Fifth Avenue, catercorner to the new headquarters tower. The new building continues the company 's continuous presence at this location since its earliest operations. On May 23, 2011, PNC unveiled plans for the $400 M project, originally intended at 40 stories. PNC owns the building and occupies all its space, except for street - level storefronts which are leased to retail tenants. The Tower is one of the world 's most environmentally friendly skyscrapers. Some of its features include a double glass facade to reduce cooling costs and promote natural airflow into the building, a high - efficiency climate - control system to heat or cool specific zones of the building as needed, and a pair of living rooftops to collect and channel rainwater and reduce heat gain. Alternative energy sources, such as fuel cells, and solar and geothermal power, are being considered in an effort to reduce carbon emissions. Harris Teeter partnership On July 30, 2012, PNC announced plans to put ATMs in 138 Harris Teeter grocery stores in the Carolinas, plus 53 other stores. Legal issues Overcharging of black and Hispanic borrowers by National City 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 ). In the complaint, regulators claimed that National City had violated the FHA and ECOA by charging more than 75,000 borrowers higher loan rates based on their race or ethnicity rather than their risk level. National City 's lack of pricing guidelines resulted in black borrowers being charged an average of $159 more in extra upfront fees or higher interest than white borrowers. Black borrowers also paid an average of $228 more annually over the life of the loan than white borrowers. Hispanics paid $125 more upfront and $154 more annually than white borrowers. Under the terms of the settlement, PNC was required to pay victims $35 million. Leak of account information PNC Bank was forced to reissue hundreds of debit cards to customers in March 2006 when their account information was compromised. Lawsuit from Military channel Also in March 2006, PNC Bank was sued by Paul Bariteau, an investor in the Military Channel. Bariteau claimed PNC let the chairman of the Military Channel make unauthorized withdrawals of millions of dollars from the channel 's account for personal use. The counter-claim was that Bariteau was only trying to recoup losses from a bad investment. Securities fraud settlement 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. Overtime claim by loan officers In 2017, PNC agreed to pay $16 million to settle claims of overtime wages by loan officers under the Fair Labor Standards Act. Criticism National Prearranged Services fraud In 2015, PNC Bank was found guilty and ordered to pay $391 million in damages for its role in an insurance scam involving prepaid funeral contracts at the now - defunct National Prearranged Services ( NPS ). According to the lawsuit, funds entrusted to NPS, a St. Louis - based company that sold prepaid funerals, were diverted and embezzled would be safeguarded in a trust and backed by life insurance policies. PNC Bank is the successor to Allegiant Bank, which served as a trustee for the company from 1998 to 2004. Allegiant, PNC 's predecessor, failed to supervise NPS 's assets and allowed the company to pillage the NPS trust assets. ( 3 ) Municipal Bonds Disclosure Violations In 2015, PNC Bank 's capital markets group violated disclosure requirements, for municipal bonds, by failing to divulge that the issuers had filed financial reports late. As a result, they were fined $500,000. ( 4 ) Community initiatives The corporation has sponsored a number of initiatives to improve education, health and human services, and cultural and arts activities. These include a `` PNC Grow Up Great '' commitment to early childhood development, the `` PNC Foundation '', and community development investments. Since 1984, PNC Financial Services has compiled the Christmas Price Index, a humorous economic indicator which estimates the prices of the items found in the song `` The Twelve Days of Christmas ''. In 2012, PNC opened the PNC Fairfax Connection, a next generation community center in Cleveland, OH. Notable corporate buildings Outside a branch in Freeport, Pennsylvania. The Tower at PNC Plaza in Pittsburgh, PA One PNC Plaza in Pittsburgh, PA ( Current corporate headquarters ) Whitehall in Columbus, OH ( Customer service and online banking technical support call center ) Two PNC Plaza in Pittsburgh, PA PNC Centre in Chicago, IL Three PNC Plaza in Pittsburgh, PA U.S. Steel Tower in Pittsburgh, PA ( PNC is a major tenant ) PNC Bank Building at 1600 Market Street, Philadelphia, PA PNC Bank Building in Washington, DC PNC Bank Building in Columbus, OH PNC Bank Center in Wilmington, DE PNC Center in Akron, OH PNC Center in Cincinnati, OH PNC Center in Cleveland, OH ( Former headquarters of National City Bank ) PNC Center in Fort Wayne, IN ( Originally the Fort Wayne National Bank Building and later the National City Tower ) PNC Plaza in Louisville, KY PNC Plaza in Raleigh, NC PNC Tower in Cincinnati, OH National City Tower in Louisville, KY ( PNC is a major tenant ) National City Bank Building in Toledo, Ohio PNC Center, Indianapolis, Indiana Top of Troy in Troy, MI ( PNC is a major tenant ) PNC Corporate Woods, Kalamazoo, MI One Tampa City Center, Tampa, FL ( PNC holds the naming rights and is a major tenant ) PNC Bank Building in Orlando, Florida Southgate Tower, Southgate, MI ( PNC is a major tenant ) ( originally headquarters for Security Bank ( Lincoln Park, MI ), later housed offices for First of America and National City ) Three PNC Plaza, Pittsburgh Two PNC Plaza, Pittsburgh PNC Tower, Cincinnati PNC Plaza, Raleigh, North Carolina PNC Plaza, Louisville, Kentucky PNC Center, Cleveland, Ohio PNC Bank Building, Philadelphia, Pennsylvania PNC Bank Building, Columbus, Ohio PNC Center, Cincinnati, Ohio National City Bank Building, Toledo OH Naming rights PNC owns corporate naming rights to the following : PNC Park, home of the Pittsburgh Pirates baseball team PNC Arena in Raleigh, NC. Home of the NHL 's Carolina Hurricanes and the NC State men 's basketball team PNC Field, home of the Scranton / Wilkes - Barre RailRiders AAA baseball team PNC Bank Arts Center in Holmdel Township, New Jersey PNC Sports Complex in Emmitsburg, Maryland Chief Executives William Demchak April 23, 2013 -- present James 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 Robert C. Milsom CEO of Pittsburgh National 1985 - December 31, 1989 Merle E. Gilliand November 1968 - April 1, 1985 See also Wikimedia Commons has media related to PNC Financial Services. Pittsburgh portal Companies portal Hilliard Lyons -- former subsidiary Sponsorships Sesame Street References ^ Jump up to : The PNC Financial Services Group, Inc. 2016 Form 10 - K Annual Report Jump up ^ `` Click More Search Options, under Size or Performance choose Total Deposits and under Equal or Greater than enter $100,000,000,000. ( It 's necessary to perform the search manually on each occasion due to the website 's configuration ) ''. Fdic.gov. Retrieved April 16, 2012. ^ Jump up to : `` PNC To Acquire RBC 's United States Unit `` CBS Pittsburgh ''. Pittsburgh.cbslocal.com. 2011 - 06 - 20. Retrieved 2015 - 03 - 09. Jump up ^ Bell, Claes ( March 21, 2017 ). `` 10 Banks With The Most ATMs ''. Bankrate. Jump up ^ ( 1 ) Archived April 19, 2006, at the Wayback Machine. Jump up ^ http://online.barrons.com/public/resources/documents/BARRONS_TOP_40_LARGEST_WEALTH_MANAGEMENT_FIRMS_2013.pdf Jump up ^ `` PNC Virtual Wallet ® ''. pnc.com. Retrieved 12 April 2017. ^ Jump up to : `` CashEdge, Account Aggregation Fiserv ''. Cashedge.com. Retrieved 2015 - 03 - 09. Jump up ^ `` PNC Virtual Wallet Features and Fees '' ( PDF ). PNCmc.com. Jump up ^ Tascarella, Patty ( June 12, 2012 ). `` PNC 's Virtual Wallet tops 1 million ''. Pittsburgh Business Times. Jump up ^ FLEISHER, CHRIS ( July 9, 2015 ). `` PNC Bank wants to increase credit card use among customer base ''. Pittsburgh Tribune - Review. Jump up ^ `` COMPANY NEWS ; METRIS TO BUY $1 BILLION IN CREDIT CARD LOANS FROM PNC ''. Bloomberg News. New York Times. September 9, 1998. Jump up ^ `` COMPANY NEWS ; MBNA IS BUYING PNC BANK 'S CREDIT CARD OPERATIONS ''. Dow Jones. New York Times. December 24, 1998. ^ Jump up to : Sabatini, Patricia ( August 29, 2006 ). `` PNC tries new credit cards, old strategy ''. Pittsburgh Post-Gazette. Jump up ^ Toland, Bill ( December 21, 2008 ). `` PNC races to wrap up National City takeover ''. Pittsburgh Post-Gazette. Jump up ^ ( 2 ) Archived April 13, 2008, at the Wayback Machine. Jump up ^ `` PNC Bank and Wells Fargo Home Mortgage Form Joint Venture To Make Homeownership Easier '' ( Press release ). PNC Financial Services Group, Inc. 2005 - 09 - 14. Archived from the original on 2011 - 07 - 14. Retrieved 2010 - 06 - 12. Jump up ^ Fitzpatrick, Dan ( September 12, 2007 ). `` CEO says PNC ' not a player ' in subprime loan fallout ''. Pittsburgh Post-Gazette. Jump up ^ `` 2015 Top Direct Lenders ''. nreionline.com. Retrieved 12 April 2017. Jump up ^ `` MBA Releases 2016 Mid-Year Commercial / Multifamily Servicer Rankings '' ( Press release ). Mortgage Bankers Association. September 1, 2016. ^ Jump up to : Thurston, George Henry ( 1 January 1888 ). `` Allegheny County 's Hundred Years ''. A.A. Anderson & Son, book and job printers. Retrieved 12 April 2017 -- via Google Books. Jump up ^ Thurston, George H. ( 1888 ). Allegheny county 's hundred years. Pittsburgh : University of Pittsburgh, Digital Research Library. p. 258. Jump up ^ `` The Pittsburgh Press - Google News Archive Search ''. google.com. Retrieved 12 April 2017. ^ Jump up to : White, Edward ( 1903 ). A century of banking in Pittsburgh. Pittsburgh, Pennsylvania : University of Pittsburgh, Digital Research Library. p. 19. Jump up ^ `` Obituaries : Ex-bank executive and hospital trustee ''. Pittsburgh Post-Gazette. Retrieved 12 April 2017 -- via Google. Jump up ^ PNC Predecessor Banks : Provident National Corporation Jump up ^ In 1983 Pittsburgh National Corporation merged with Provident National Corporation, located in Philadelphia, and took on the shared initials of the holding companies - PNC Jump up ^ `` BANKING MERGERS FLOURISH ''. New York Times. November 3, 1982. Jump up ^ `` The merger of two bank holding companies was announced ''. United Press International. April 19, 1982. Jump up ^ Dash, Eric ( October 24, 2008 ). `` PNC Gets National City in Latest Bank Acquisition ''. New York Times. Jump up ^ FITZPATRICK, DAN ; ENRICH, DAVID ; PALETTA, DAMIAN ( October 25, 2008 ). `` PNC Buys National City in Bank Shakeout ''. Wall Street Journal. ( subscription required ) Jump up ^ `` PNC to Acquire National City '' ( Press release ). PRNewswire. October 24, 2008. Jump up ^ Gordon, Paul ( June 22, 2010 ). `` National City conversion to PNC is complete ''. PJ Star. Jump up ^ O'Hara, Terence ( February 11, 2005 ). `` Riggs, PNC Reach New Merger Agreement ''. Washington Post. ^ Jump up to : PNC : Acquired Companies Jump up ^ Fitzpatrick, Dan ( October 10, 2006 ). `` PNC buying Maryland bank in $6 billion deal ''. Pittsburgh Post-Gazette. Jump up ^ `` The PNC Financial Services Group Completes Acquisition of Mercantile Bankshares Corporation '' ( Press release ). PRNewswire. March 2, 2007. Jump up ^ `` PNC Completes Acquisition Of Yardville National Bancorp '' ( Press release ). PRNewswire. October 26, 2007. Jump up ^ `` PNC Completes Acquisition of Sterling Financial Corporation '' ( Press release ). PRNewswire. April 4, 2008. Jump up ^ `` Institution History for Laurel Main Street Branch ( 229427 ) ''. Federal Financial Institutions Examination Council. Jump up ^ Boselovic, Len ( August 14, 2009 ). `` PNC to take over troubled Dwelling House ''. Pittsburgh Post-Gazette. Jump up ^ Grant, Tim ( August 18, 2009 ). `` Dwelling House accounts moved to PNC ''. Pittsburgh Post-Gazette. Jump up ^ Harrington, Jeff ( January 31, 2011 ). `` PNC enters Tampa Bay market, buying 19 BankAtlantic branches ''. Tampa Bay Times. Jump up ^ `` BankAtlantic to sell 19 branches to PNC Bank ''. Reuters. January 31, 2011. Jump up ^ `` PNC Bank to acquire 27 metro ATL Flagstar branches ''. Atlanta Business Chronicle. July 26, 2011. Jump up ^ `` PNC Announces Agreement to Acquire 27 Branches from Flagstar '' ( Press release ). PRNewswire. July 26, 2011. Jump up ^ `` PNC to Buy R.B.C. Unit for $3.5 Billion ''. New York Times. June 19, 2011. Jump up ^ `` PNC to buy RBC unit for $3.45 billion ''. Reuters. June 19, 2011. Jump up ^ `` BNY Mellon Completes Acquisition of PNC 's Global Investment Servicing Business '' ( Press release ). PRNewswire. July 1, 2010. Jump up ^ Belko, Mark ( October 1, 2015 ). `` PNC shows off tower, its crown jewel ''. Pittsburgh Post-Gazette. ^ Jump up to : `` Pnc Announces Plans For World 's Greenest Skyscraper '' ( Press release ). PRNewswire. May 23, 2011. Jump up ^ `` The Tower at PNC Plaza ''. Pncsites.com. Retrieved 2015 - 03 - 09. Jump up ^ `` PNC Bank Expands ATM Access to 191 Harris Teeter stores ''. PRnewswire.com ( Press release ). PRNewswire. July 30, 2012. Jump up ^ `` CFPB and DOJ Take Action Against National City Bank for Discriminatory Mortgage Pricing ''. Consumer Financial Protection Bureau. Consumer Financial Protection Bureau. December 23, 2013. Jump up ^ `` USA Today Cyberspeak ''. USA Today. March 16, 2006. Jump up ^ `` Casetext ''. casetext.com. Retrieved 12 April 2017. Jump up ^ `` AIG Agrees to Settle Fraud Cases ''. Associated Press. Los Angeles Times. November 24, 2004. Jump up ^ Lee, Suevon ( January 5, 2017 ). `` APNC To Pay $16 M To Settle Loan Officers ' Wage Claims ''. Law360. Jump up ^ `` About PNC Grow Up Great ''. PNC Financial Services Group, Inc. 2010. Retrieved 2010 - 06 - 12. Jump up ^ `` PNC Fairfax ''. Pncfairfaxconnection.com. Retrieved 2015 - 03 - 09. Jump up ^ Hicks, Vanessa ( 2010 - 07 - 28 ). `` PNC Bank Moves to Capital Plaza One in Orlando - CoStar Group ''. Costar.com. Retrieved 2015 - 03 - 09. Jump up ^ `` PNC Gets Naming Rights for Mount St Mary 's Sports Complex ''. Retrieved 6 November 2017. Jump up ^ Marcinek, Laura ( February 15, 2013 ). `` PNC Names Demchak to Succeed Rohr as Bank 's CEO ''. Bloomberg. Jump up ^ `` The Pittsburgh Press - Google News Archive Search ''. google.com. Retrieved 12 April 2017. Jump up ^ `` Pittsburgh Post-Gazette - Google News Archive Search ''. google.com. Retrieved 12 April 2017. Jump up ^ `` O'Brien retiring, Rohr to lead PNC ''. post-gazette.com. Retrieved 12 April 2017. Jump up ^ `` Beaver County Times - Google News Archive Search ''. google.com. Retrieved 12 April 2017. Jump up ^ `` Simpson 's Leader - Times from Kittanning, Pennsylvania on November 9, 1968 Page 13 ''. newspapers.com. Retrieved 12 April 2017. Jump up ^ `` Merle E. Gilliand, 76, Chairman Who Led Growth of PNC Bank ''. The New York Times. December 11, 1998. External links Official website Business data for PNC Financial Services : Google Finance Yahoo ! Finance Reuters SEC filings PNC Financial Services Group Founded in 1852 Based in Pittsburgh, Pennsylvania Subsidiaries PNC Bank Harris Williams & Co. BlackRock ( Co-owned with Bank of America and Barclays ) Services Virtual Wallet Christmas Price Index Predecessor banks Alabama National Integra Bank Merchants National National City Corp. ( details ) Pittsburgh National Bank Riggs Bank RBC Bank USA BankAtlantic ( Central Florida locations only ) Naming rights Tower at PNC Plaza One PNC Plaza One Tampa City Center Two PNC Plaza Three PNC Plaza PNC Bank Building ( Philadelphia ) PNC Bank Building ( Toledo ) PNC Plaza PNC Plaza ( Raleigh ) PNC Tower PNC Center ( Cincinnati ) PNC Center ( Cleveland ) PNC Center ( Fort Lauderdale ) PNC Center ( Akron ) PNC Park PNC Field PNC Bank Arts Center PNC Arena Related articles National Banking Act Troubled Asset Relief Program Pittsburgh History Timeline Culture Dialect Media Neighborhoods Notable people Skyscrapers Government Airport Conventions City Hall Courthouse Mayor Council Events InterGov Police D.A. 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Pitt Hornets Keystones Lyceum Panthers Phantoms Pirates Pirates ( WPHL ) Pros Shamrocks Victorias Winter Garden Yellow Jackets Soccer Riverhounds Beadling Cannons Hurricanes Phantoms Spirit Other Sledgehammers Bulls Harlequins PCC Triangles Wallabies Studio Wrestling Dirty Dozen Venues PPG Paints Arena Heinz Field PNC Park 84 Lumber Arena Fitzgerald Field House Highmark Stadium Palumbo Center Petersen Events Center Petersen Sports Complex Rooney Field Sewall Center Trees Hall Central Park Civic Arena Duquesne Gardens Exposition Park Forbes Field Josh Gibson Field Greenlee Field Motor Square Garden Pitt Stadium Recreation Park Schenley Gardens Three Rivers Winter Garden Parks Allegheny Arsenal Allegheny Commons Allegheny Riverfront ArtGardens Buhl Community Chatham University Arboretum Frank Curto Frick Emerald View Highland Market Square Mellon Mellon Green Mellon Square North Shore Riverfront Phillips Point of View Point State PPG Place Riverview Roberto Clemente Memorial Rodef Shalom Biblical Botanical Garden Schenley Schenley Plaza South Shore Riverfront South Side Three Rivers West End Overlook Westinghouse Transportation Inclines Steps Port Authority of Allegheny County Light rail ( List of stations ) Blue Line -- Library Blue Line -- South Hills Village Red Line -- Castle Shannon Red Line -- South Hills Village Inclines ( Historical list ) Duquesne Incline Monongahela Incline Buses and busways ( List of routes ) Martin Luther King Jr. East Busway South Busway West Busway Former lines 47 Drake Brown Line PATrain Skybus Other North Shore Connector Port Authority 4000 Series PCC Wabash Tunnel Public transportation in Greater Pittsburgh Bus services Port Authority of Allegheny County list of bus routes Beaver Butler Fayette IndiGO Mid Mon Valley Mountain Line New Castle Town & Country University of Pittsburgh Washington Westmoreland Bus rapid transit MLK Jr. East Busway South Busway West Busway Light rail Red Line Blue Line Library South Hills Village Inclines Duquesne Monongahela Amtrak Capitol Limited Pennsylvanian Airports Pittsburgh International Arnold Palmer Allegheny County Beaver Butler Eddie Dew Greensburg Jeannette Herron Jefferson Jimmy Stewart Joe Hardy Lakehill Monroeville New Castle Rock Rostraver Washington Wheeling Zelienople Discontinued Broadway Limited Brown Line List of streetcar routes in Pittsburgh Parkway Limited PATrain Skybus Tunnels and bridges in Pittsburgh Tunnels Allegheny River Tunnel Armstrong Tunnel Cork Run Tunnel Corliss Tunnel Fort Pitt Tunnel J&L Tunnel Liberty Tunnel Mount Washington Transit Tunnel Pittsburgh and Castle Shannon Tunnel Pittsburgh & Steubenville Extension Railroad Tunnel Schenley Tunnel Squirrel Hill Tunnel Wabash Tunnel Bridges 30th Street Bridge 31st Street Bridge 33rd Street Railroad Bridge 40th Street Bridge Bloomfield Bridge Birmingham Bridge David McCullough Bridge Fort Duquesne Bridge Fort Pitt Bridge Fort Wayne Railroad Bridge Glenwood Bridge Glenwood B&O Railroad Bridge Highland Park Bridge Homestead Grays Bridge Hot Metal Bridge Liberty Bridge McKees Rocks Bridge Panhandle Bridge Panther Hollow Bridge Schenley Bridge Senator Robert D. Fleming Bridge Smithfield Street Bridge South Tenth Street Bridge Three Sisters Roberto Clemente Bridge Andy Warhol Bridge Rachel Carson Bridge Veterans Bridge West End Bridge Attractions Aviary Baywood Cathedral of Learning Chinatown Conservatory Dippy Immaculate Heart Duquesne Incline Heinz Chapel Little Italy Mellon Institute Mon Incline Observatory Pamela 's Penn Station Point of View sculpture Primanti 's Science Center Steps USS Requin Zoo Kennywood Luna Park Westinghouse Sign Landmarks National ( City ) National ( County ) State City PHLF Cultural Museums Art Arts Arts Festival Bible Fort Pitt and Blockhouse Clayton Clemente Children 's Frick Glass Center History Jazz Jewish Mattress Factory Dental Miller Miss Pittsburgh Nationality Rooms National Map Natural History Soldiers and Sailors Warhol Wilson WSG Venues Heinz Hall Benedum Byham Harris Kelly - Strayhorn New Hazlett O'Reilly Foster Playhouse Trib Hunt Stage AE Syria Mosque Nixon Theater Festivals Anthrocon Arts Blues Comicon Fashion Film Folk Handmade New Works Tekko Whiskey & Fine Spirits Wine Shopping and entertainment Casino Gateway Clipper Fleet Station Square Strip Downtown Oakland South Side Macy 's Market Square Southside Works Waterworks Mount Washington East Liberty Squirrel Hill Shadyside Walnut Street Opera Ballet Symphony Brass Classical Theatre Dance Ensemble Caravan Theatre Folk Light Opera Opera Theater Jewish Theatre Public Theater Playwrights Musical Theater Stage Right Youth Ballet Youth Symphony Bricolage NNOC Shopping malls in Pittsburgh Enclosed Beaver Valley Mall The Block Northway Century III Mall The Galleria of Mt. Lebanon The Mall at Robinson Monroeville Mall Pittsburgh Mills Ross Park Mall South Hills Village Station Square Uniontown Mall Warner Centre Washington Crown Center Westmoreland Mall Lifestyle / Outdoor Bakery Square Edgewood Towne Centre Ellsworth Avenue McCandless Crossing Northern Lights Robinson Town Centre Settlers Ridge SouthSide Works Walnut Street The Waterfront Waterworks Mall Outlet Grove City Premium Outlets Tanger Outlets Pittsburgh Defunct Allegheny Center Mall East Hills Shopping Center ( Eastgate Commerce Center ) Eastland Mall Greengate Mall Parkway Center Mall Village Square Mall Washington Mall Colleges and universities Pitt Carnegie Mellon Duquesne Robert Morris Chatham Point Park Carlow Art Institute Byzantine Catholic Seminary Pittsburgh Theological Seminary Saint Paul Seminary CCAC Culture of Pittsburgh Cookie table Jewish history Iron City Brewing Company Jagoff Joe Magarac Mister Rogers ' Neighborhood Mr. Yuk Parking chairs Pittsburgh left Pittsburgh toilet Robot Hall of Fame Steeler Nation Book Portal Pittsburgh corporations ( within the Pittsburgh Metro Area ) Fortune 500 headquarters U.S. Steel PNC Financial Services PPG Industries Kraft Heinz Mylan WESCO International Consol Energy Dick 's Sporting Goods Allegheny Technologies Forbes largest private companies headquarters 84 Lumber Giant Eagle Other corporation headquarters American Bridge American Eagle Outfitters Ampco Pittsburgh ANSYS Armstrong Communications Atlas America Black Box Bruster 's Ice Cream Calgon Carbon Compunetix Dollar Bank DQE Energy Eat'n Park EDMC EQT Energy Federated Investors GNC Guru.com Highmark H. Laughlin China iGate Iron City Brewing Company Kennametal Koppers MARC USA Millcraft Industries Mine Safety Appliances Niche.com Oxford Development PTC Alliance Renda Broadcasting rue21 University of Pittsburgh Medical Center Vocelli Pizza Wabtec Companies with split headquarters Alcoa ModCloth NOVA Chemicals Subsidiary company headquarters Allegheny Energy Bayer Corporation FedEx Ground GlaxoSmithKline USA LANXESS Respironics Vivisimo Westinghouse Electric Company Outside companies with strong Pittsburgh relations BNY Mellon ( formerly Mellon Financial ) Dreyfus Corporation Eaton Corporation Spreadshirt Macy 's Historic Fisher 's Big Wheel Clark Bar Dravo Fisher Scientific Integra Bank Mesta Machinery G.C. Murphy Gulf Oil J&L Steel Ketchum Rockwell Sunbeam Westinghouse List of corporations in Pittsburgh 50 largest banks and bank holding companies in the United States Ally American Express Bank of America Bank of New York Mellon Barclays * BB&T BBVA * BMO * BNP Paribas * Capital One Charles Schwab CIT Citigroup Citizens Comerica Credit Suisse * Deutsche Bank * Discover E-Trade Fifth Third Goldman Sachs HSBC * Huntington JPMorgan Chase KeyBank M&T Mizuho * Morgan Stanley MUFG Union Bank * Mutual of Omaha New York Community Northern Trust People 's United PNC Popular Royal Bank of Canada * Regions Banco Santander * State Farm State Street SunTrust SVB Synchrony Toronto Dominion * TIAA U.S. Bancorp UBS * USAA Wells Fargo Zions * indicates the U.S. subsidiary of a non-U.S. bank. Inclusion on this list is based on U.S. assets only, and is current as of March 31, 2017. VIAF : 138738904 ISNI : 0000 0000 9430 5200 Retrieved from `` https://en.wikipedia.org/w/index.php?title=PNC_Financial_Services&oldid=809094665 '' Categories : Banks based in Pennsylvania Economy of the Eastern United States Companies listed on the New York Stock Exchange Companies established in 1852 1852 establishments in Pennsylvania Mortgage lenders of the United States Hidden categories : Webarchive template wayback links Pages containing links to subscription - only content Pages using deprecated image syntax All articles with unsourced statements Articles with unsourced statements from June 2011 Wikipedia articles with VIAF identifiers Wikipedia articles with ISNI identifiers Talk Contents About Wikipedia Deutsch Esperanto فارسی Français Bahasa Indonesia Polski Русский Türkçe Edit links This page was last edited on 7 November 2017, at 02 : 43. Text is available under the Creative Commons Attribution - ShareAlike License ; additional terms may apply. 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Question: what do the initials pnc stand for in pnc bank
Answer: Pittsburgh National Corporation