PNC Financial Services

The PNC Financial Services Group, Inc.
Public
Traded as NYSE: PNC
S&P 500 Component
Industry Financial services
Predecessor Pittsburgh National Corporation
Provident National Corporation
Founded April 10, 1845 (1845-04-10)
Operational: January 28, 1852
Headquarters Tower at PNC Plaza
Pittsburgh, Pennsylvania, United States
Number of locations
 2,520 branches[1]
Key people
 William S. Demchak (CEO)
Robert Q. Reilly (CFO)[1]
Revenue Increase US$16.423 billion (2016)[1]
Decrease US$3.903 billion (2016)[1]
Total assets Increase US$366.38 billion (2016)[1]
Total equity Increase US$45.699 billion (2016)[1]
Number of employees
 49,360 (2016)[1]
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,[1] as well as deposits of approximately $249 billion.[1] 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.[1]

In the U.S., PNC is the fifth largest bank by number of branch offices, sixth largest by deposits, ninth largest by total assets,[2][3] and fourth largest in number of ATMs.[4]

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.[1] PNC also owns 22% of publicly traded fund manager BlackRock.[1]

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.[5]

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.[6] 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.[7][8] It was launched in July 2008 and was aimed primarily to the tech-savvy members of Generation Y.[8] 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.[9] The service had more than one million customers as of June 2012.[10]

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.[1] In 2014, PNC ranked as the 11th largest Visa/MasterCard issuer.[11]

Historical Credit Card Outline

In 1998, PNC sold its credit card business to Metris Companies[12] and MBNA.[13]

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[14] by using a third-party vendor to handle its credit card business,[15] partnering with Minneapolis, Minnesota-based U.S. Bancorp.[14] 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.[1]

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,[16] then subsequently outsourcing mortgages to Wells Fargo until the National City deal.[17] PNC has no plans to enter the subprime lending market that plagued National City Mortgage.[18]

BlackRock

PNC Bank, N.A. owns 22% of BlackRock, the world's largest publicly traded asset management firm by assets under management.[1]

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.[19]

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.[20]

Other loans

As of December 31, 2016, PNC had $12 billion in automobile loans and $5 billion in education loans outstanding.[1]

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.[21][22] Due to the long recovery from the Great Fire of Pittsburgh, PNC was not fully operational until January 28, 1852,[23] when it opened offices at Liberty Avenue and 12th street. The bank was renamed The Pittsburgh Trust Company in 1853.[24] 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[21] 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.[21][24]

By 1959, after a series of mergers, the bank had evolved into the Pittsburgh National Bank,[25] 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.[26]

In 1982, Pittsburgh National Corporation and Provident National Corporation merged into a new entity named PNC Financial Corporation, so the acronym technically doesn't stand for anything.[27] It was the largest bank merger in American history at the time and created a company with $10.3 billion in assets.[28][29] 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

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.[30] 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.[31]

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.[32]

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.[33]

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.[34][35]

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.[35][36][37] On October 26, 2007, PNC completed the acquisition of Yardville National Bancorp, a small commercial bank centered in central New Jersey and eastern Pennsylvania.[35][38] 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.[35][39]

On September 15, 2007, PNC Bank acquired Citizens National Bank of Laurel, Maryland.[40]

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.[41] 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.[42]

In 2011, PNC bought BankAtlantic's Tampa Bay Area branches.[43][44]

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.[45][46]

In 2012, PNC acquired RBC Bank from Royal Bank of Canada for $3.45 billion.[47][48] 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.[3]

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.[49] 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.

PNC is headquartered in a modern, 40 floor, 800,000-square-foot (74,000 m2) 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.[50]

On May 23, 2011, PNC unveiled plans for the $400M project, originally intended at 40 stories.[51]

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.[52]

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.[53]

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.[54]

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.[55]

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.[56]

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.[57]

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.[58]

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.

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.

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.[59]

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.[60]

Notable corporate buildings

Outside a branch in Freeport, Pennsylvania.

Naming rights

PNC owns corporate naming rights to the following:

Chief Executives

See also

Sponsorships

References

  1. 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 The PNC Financial Services Group, Inc. 2016 Form 10-K Annual Report
  2. ↑ "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.
  3. 1 2 "PNC To Acquire RBC’s United States Unit « CBS Pittsburgh". Pittsburgh.cbslocal.com. 2011-06-20. Retrieved 2015-03-09.
  4. ↑ Bell, Claes (March 21, 2017). "10 Banks With The Most ATMs". Bankrate.
  5. ↑ Archived April 19, 2006, at the Wayback Machine.
  6. ↑ http://online.barrons.com/public/resources/documents/BARRONS_TOP_40_LARGEST_WEALTH_MANAGEMENT_FIRMS_2013.pdf
  7. ↑ "PNC Virtual Wallet®". pnc.com. Retrieved 12 April 2017.
  8. 1 2 "CashEdge, Account Aggregation | Fiserv". Cashedge.com. Retrieved 2015-03-09.
  9. ↑ "PNC Virtual Wallet Features and Fees" (PDF). PNCmc.com.
  10. ↑ Tascarella, Patty (June 12, 2012). "PNC's Virtual Wallet tops 1 million". Pittsburgh Business Times.
  11. ↑ FLEISHER, CHRIS (July 9, 2015). "PNC Bank wants to increase credit card use among customer base". Pittsburgh Tribune-Review.
  12. ↑ "COMPANY NEWS; METRIS TO BUY $1 BILLION IN CREDIT CARD LOANS FROM PNC". Bloomberg News. New York Times. September 9, 1998.
  13. ↑ "COMPANY NEWS; MBNA IS BUYING PNC BANK'S CREDIT CARD OPERATIONS". Dow Jones. New York Times. December 24, 1998.
  14. 1 2 Sabatini, Patricia (August 29, 2006). "PNC tries new credit cards, old strategy". Pittsburgh Post-Gazette.
  15. ↑ Toland, Bill (December 21, 2008). "PNC races to wrap up National City takeover". Pittsburgh Post-Gazette.
  16. ↑ Archived April 13, 2008, at the Wayback Machine.
  17. ↑ "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.
  18. ↑ Fitzpatrick, Dan (September 12, 2007). "CEO says PNC 'not a player' in subprime loan fallout". Pittsburgh Post-Gazette.
  19. ↑ "2015 Top Direct Lenders". nreionline.com. Retrieved 12 April 2017.
  20. ↑ "MBA Releases 2016 Mid-Year Commercial/Multifamily Servicer Rankings" (Press release). Mortgage Bankers Association. September 1, 2016.
  21. 1 2 3 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.
  22. ↑ Thurston, George H. (1888). Allegheny county's hundred years. Pittsburgh: University of Pittsburgh, Digital Research Library. p. 258.
  23. ↑ "The Pittsburgh Press - Google News Archive Search". google.com. Retrieved 12 April 2017.
  24. 1 2 White, Edward (1903). A century of banking in Pittsburgh. Pittsburgh, Pennsylvania: University of Pittsburgh, Digital Research Library. p. 19.
  25. ↑ "Obituaries: Ex-bank executive and hospital trustee". Pittsburgh Post-Gazette. Retrieved 12 April 2017 – via Google.
  26. ↑ PNC Predecessor Banks: Provident National Corporation
  27. ↑ In 1983 Pittsburgh National Corporation merged with Provident National Corporation, located in Philadelphia, and took on the shared initials of the holding companies - PNC
  28. ↑ "BANKING MERGERS FLOURISH". New York Times. November 3, 1982.
  29. ↑ "The merger of two bank holding companies was announced". United Press International. April 19, 1982.
  30. ↑ Dash, Eric (October 24, 2008). "PNC Gets National City in Latest Bank Acquisition". New York Times.
  31. ↑ FITZPATRICK, DAN; ENRICH, DAVID; PALETTA, DAMIAN (October 25, 2008). "PNC Buys National City in Bank Shakeout". Wall Street Journal.(subscription required)
  32. ↑ "PNC to Acquire National City" (Press release). PRNewswire. October 24, 2008.
  33. ↑ Gordon, Paul (June 22, 2010). "National City conversion to PNC is complete". PJ Star.
  34. ↑ O'Hara, Terence (February 11, 2005). "Riggs, PNC Reach New Merger Agreement". Washington Post.
  35. 1 2 3 4 PNC: Acquired Companies
  36. ↑ Fitzpatrick, Dan (October 10, 2006). "PNC buying Maryland bank in $6 billion deal". Pittsburgh Post-Gazette.
  37. ↑ "The PNC Financial Services Group Completes Acquisition of Mercantile Bankshares Corporation" (Press release). PRNewswire. March 2, 2007.
  38. ↑ "PNC Completes Acquisition Of Yardville National Bancorp" (Press release). PRNewswire. October 26, 2007.
  39. ↑ "PNC Completes Acquisition of Sterling Financial Corporation" (Press release). PRNewswire. April 4, 2008.
  40. ↑ "Institution History for Laurel Main Street Branch (229427)". Federal Financial Institutions Examination Council.
  41. ↑ Boselovic, Len (August 14, 2009). "PNC to take over troubled Dwelling House". Pittsburgh Post-Gazette.
  42. ↑ Grant, Tim (August 18, 2009). "Dwelling House accounts moved to PNC". Pittsburgh Post-Gazette.
  43. ↑ Harrington, Jeff (January 31, 2011). "PNC enters Tampa Bay market, buying 19 BankAtlantic branches". Tampa Bay Times.
  44. ↑ "BankAtlantic to sell 19 branches to PNC Bank". Reuters. January 31, 2011.
  45. ↑ "PNC Bank to acquire 27 metro ATL Flagstar branches". Atlanta Business Chronicle. July 26, 2011.
  46. ↑ "PNC Announces Agreement to Acquire 27 Branches from Flagstar" (Press release). PRNewswire. July 26, 2011.
  47. ↑ "PNC to Buy R.B.C. Unit for $3.5 Billion". New York Times. June 19, 2011.
  48. ↑ "PNC to buy RBC unit for $3.45 billion". Reuters. June 19, 2011.
  49. ↑ "BNY Mellon Completes Acquisition of PNC's Global Investment Servicing Business" (Press release). PRNewswire. July 1, 2010.
  50. ↑ Belko, Mark (October 1, 2015). "PNC shows off tower, its crown jewel". Pittsburgh Post-Gazette.
  51. 1 2 "Pnc Announces Plans For World’s Greenest Skyscraper" (Press release). PRNewswire. May 23, 2011.
  52. ↑ "The Tower at PNC Plaza". Pncsites.com. Retrieved 2015-03-09.
  53. ↑ "PNC Bank Expands ATM Access to 191 Harris Teeter stores". PRnewswire.com (Press release). PRNewswire. July 30, 2012.
  54. ↑ "CFPB and DOJ Take Action Against National City Bank for Discriminatory Mortgage Pricing". Consumer Financial Protection Bureau. Consumer Financial Protection Bureau. December 23, 2013.
  55. ↑ "USA Today Cyberspeak". USA Today. March 16, 2006.
  56. ↑ "Casetext". casetext.com. Retrieved 12 April 2017.
  57. ↑ "AIG Agrees to Settle Fraud Cases". Associated Press. Los Angeles Times. November 24, 2004.
  58. ↑ Lee, Suevon (January 5, 2017). "APNC To Pay $16M To Settle Loan Officers' Wage Claims". Law360.
  59. ↑ "About PNC Grow Up Great". PNC Financial Services Group, Inc. 2010. Retrieved 2010-06-12.
  60. ↑ "PNC Fairfax". Pncfairfaxconnection.com. Retrieved 2015-03-09.
  61. ↑ Hicks, Vanessa (2010-07-28). "PNC Bank Moves to Capital Plaza One in Orlando - CoStar Group". Costar.com. Retrieved 2015-03-09.
  62. ↑ Marcinek, Laura (February 15, 2013). "PNC Names Demchak to Succeed Rohr as Bank's CEO". Bloomberg.
  63. ↑ "The Pittsburgh Press - Google News Archive Search". google.com. Retrieved 12 April 2017.
  64. ↑ "Pittsburgh Post-Gazette - Google News Archive Search". google.com. Retrieved 12 April 2017.
  65. ↑ "O'Brien retiring, Rohr to lead PNC". post-gazette.com. Retrieved 12 April 2017.
  66. ↑ "Beaver County Times - Google News Archive Search". google.com. Retrieved 12 April 2017.
  67. ↑ "Simpson's Leader-Times from Kittanning, Pennsylvania on November 9, 1968 · Page 13". newspapers.com. Retrieved 12 April 2017.
  68. ↑ "Merle E. Gilliand, 76, Chairman Who Led Growth of PNC Bank". The New York Times. December 11, 1998.


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