PNC Financial Company Description
PNC Financial Services has returned to its traditional banking roots. Its PNC Bank and National City Bank subsidiaries operate about 2,600 branches in the mid-Atlantic region and the Midwest. In addition to retail banking, the company offers asset management, insurance, investments, and capital markets products and services. It provides fund administration services through PNC Global Investment Servicing. PNC also owns boutique investment bank Harris Williams and about a third of money management giant BlackRock. One of the first banks to take advantage of the US Treasury's $250 billion plan to bolster the banking industry, PNC used some of the funds to acquire troubled rival National City in 2008.
View the Comprehensive Company Description for PNC Financial
The Company Description provides a historical perspective of PNC Financial's organization from inception to current status.
Produced by Hoover's in-house editorial team, the Company Description tracks ownership transitions, company progress via mergers and acquisitions, major growth milestones, and strategic initiatives, to provide a holistic view of PNC Financial's evolution in the marketplace.
