Search results
Results From The WOW.Com Content Network
The PNC Financial Services Group, Inc. is an American bank holding company and financial services corporation based in Pittsburgh, Pennsylvania. Its banking subsidiary, PNC Bank, operates in 27 states and the District of Columbia, with 2,629 branches and 9,523 ATMs. PNC Bank is on the list of largest banks in the United States by assets and is ...
PNC Financial Services announced October 24, 2008, its purchase of National City for about $5.2 billion in stock with funds from the U.S. Treasury. At the time of the acquisition, National City had been the 7th largest bank in the United States, [4] two spots ahead of acquirer PNC.
The transitional logo used by PNC Financial Services after it finalized the purchase of National City Corp., January 2009 –June 2010.. The National City acquisition by PNC was the deal by PNC Financial Services to acquire National City Corp. on October 24, 2008 following National City's untenable loan losses during the subprime mortgage crisis.
PNC's stake in BlackRock is currently worth $7.4 billion, which represents a 22% stake in the company. This passive investment requires little work on behalf of PNC, though it continues to reap ...
Additionally, the Fed did not reject the company's proposal for a modest share repurchase program. PNC ultimately purchased $190 million of common stock in 2012 under a $250 million authorization.
PNC Financial is devoting more capital to shareholder enrichment. The company will pay a dividend of $0.44 per share of its common stock on May 5 to shareholders of record as of April 16. This new ...
PNC Financial Corp. Central Bancorp. PNC Financial Corp. Nearly $700 million: PNC Financial Services: 1987 RepublicBank Corp. Interfirst Corp. First Republic Bank Corporation: Bank of America: 1987 Security Pacific Corp. Rainier National Bank Security Pacific Corp. (banks in Pacific NW continued to operate as Rainier) Bank of America: 1987
Company insiders, including board members and corporate executives, own a further 0.32% of the outstanding common stock. And the public at large owns the remaining 17%. Source: S&P's Capital IQ.