PNC has been operating for over 150 years, so it has a long track record of navigating tough economic times. During the 2007/2008 financial crisis, PNC did receive $7.6 billion in federal bailout funds. However, by 2010, the bank had repaid these funds. Additionally, the bank is FDIC insured, so even if a recession hits and the bank starts to struggle, customer deposits of up to $250,000 are insured.