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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 ...
Preston Centre. / 39.96226111°N 82.99666694°W / 39.96226111; -82.99666694. The Preston Centre is a 27-story, 317-foot (97 m) office building and skyscraper on Capitol Square in Downtown Columbus, Ohio. The Preston Centre is the 15th-tallest building in Columbus. The tower is named for Preston Wolfe, a former worker there. [2]
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.
In 2009, Huntington bid against rival Fifth Third Bank to acquire National City Corp. branches in the Pittsburgh region from PNC Financial Services. The United States Department of Justice ordered PNC to sell the branches to comply with United States antitrust law concerns after the National City acquisition by PNC.
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.
JPMorgan Chase is the area's largest financial sector employer, with Columbus-based insurance company Nationwide Insurance a close second. Also headquartered in Columbus is Huntington Bank, with significant presence by banks such as KeyBank, Fifth Third, PNC Financial Services, Park National Corporation, and Commerce National Bank.
Ohio is home to three commercial banks that rank among the largest commercial banks in the United States as measured by asset size. Up until 2008, Ohio had four banks among the Top 25, however the acquisition of Cleveland-based National City Corp. by Pittsburgh-based PNC Financial Services eliminated the fourth.
The Tower at PNC Plaza is a 33-story skyscraper in Pittsburgh, Pennsylvania. It is the corporate headquarters of the PNC Financial Services Group and has approximately 800,000 square feet (74,000 m 2 ), standing 33 stories (545 feet) tall. [2] [3] Nearby buildings totaling 37,000 square feet (3,400 m 2 ), were purchased by PNC and deconstructed ...