The PNC Bank is one of the largest banks in the US. The following is a summary of the history of the PNC Bank and an introduction to its services.
PNC Bank is the primary child company of the PNC Financial Services Group. PNC Bank offers a variety of financial services to both consumer and corporate customers in Delaware, the District of Columbia, Florida, Kentucky, Indiana, Illinois, Maryland, Michigan, Missouri, New Jersey, Ohio, Pennsylvania, Virginia, and Wisconsin, and also West Virginia and New York City.
PNC Bank Acquisitions
In 2004, PNC acquired the United National Bancorp company based in New Jersey. In 2005, PNC successfully acquired Riggs National Bank.
In 2006, J.D. Power released results of its New York Retail Banking Satisfaction Study, which showed that PNC had an average number of customers who were satisfied with the service they received from PNC. In 2006, PNC also completed a deal with ABN-AMRO, American Express, Washington Federal and Discover to supply home equity loans. Further in 2006, PNC announced its acquisition of Mercantile Bankshares, a bank based in Maryland, which had an impressively large penetration of branches in the more populated areas of Washington D.C., Baltimore and northern Virginia. In 2007, PNC completed the merger with Mercantile Bankshares, making it the 8th largest bank in terms of deposits in the US.
PNC Bank Services
PNC offers retail banking, corporate and institutional banking and asset management (through BlackRock). For personal banking customers, PNC Bank offers mortgages, loans, checking, online banking, savings, lines of credit, cards, insurance CDs and investments.