PNC Bank announced it is increasing its branch investment by $500 million to open more than 100 additional new branches and renovate 200 more existing locations across the country. These plans expand upon the 100 new locations and 1,200 branch...
Read Story
November 12, 2024, 06:45 AM
|
PNC's latest semi-annual survey of small and mid-sized businesses, which concluded Aug. 6, indicates that business owner optimism remains high, lending support to PNC's forecast of a soft landing for the U.S. economy.A majority (56%) of business...
Read Story
September 05, 2024, 07:16 AM
|
PNC Bank released findings from its second annual Financial Wellness in the Workplace Report entitled, "The Evolving Needs of the Multigenerational American Workforce," which summarizes survey data and in-depth interviews from more than 1,000 U.S....
Read Story
August 29, 2024, 07:05 AM
|
PNC Bank closed a $500+ million senior secured credit facility for Seismic, a global leader in sales enablement software. PNC served as Administrative Agent and Collateral Agent for the credit facility and PNC Capital Markets LLC ("PNCCM") served as...
Read Story
June 13, 2024, 07:10 AM
|
PNC Bank announced Michael Thomas has been named head of Corporate & Institutional Banking (C&IB). Based in Pittsburgh, Thomas will report to Michael P. Lyons, president. Thomas succeeds Lyons in the role, after Lyons was appointed President Feb. 20....
Read Story
March 14, 2024, 07:25 AM
|
PNC's latest semi-annual survey of small and mid-sized businesses, which concluded Feb. 1, shows that business owner optimism about economic conditions over the next six months has reached a 22-year high amid lessening fears of a recession.A majority...
Read Story
March 04, 2024, 07:00 AM
|
The PNC Financial Services Group announced its Board of Directors has unanimously appointed Michael P. Lyons President of the corporation and its wholly owned banking subsidiary, PNC Bank, National Association.Lyons will report to William S. Demchak...
Read Story
February 20, 2024, 07:25 AM
|
PNC Private Bank has appointed David Key to lead its Houston-based team. Key will oversee a local team that specializes in providing wealth strategy, investment management, trust & estate services and credit & cash management solutions to high and...
Read Story
February 19, 2024, 07:00 AM
|
PNC Bank announced a significant investment in its branch network aimed at extending access to banking services and financial expertise for customers and communities across the country. The plan includes an approximate $1 billion investment to open...
Read Story
February 15, 2024, 07:18 AM
|
PNC Bank announced Kate Kelly will retire from PNC as Regional President for the Twin Cities region Dec. 15. Succeeding Kelly is Kelly McQueen, an experienced banking executive. McQueen will be a dual role leader as the bank’s Twin Cities Regional...
Read Story
November 08, 2023, 07:22 AM
|
PNC Bank has acquired a portfolio of capital commitments facilities from Signature Bridge Bank through an agreement with the Federal Deposit Insurance Corporation ("FDIC") as Receiver. The transaction closed Oct. 2, 2023. The FDIC established...
Read Story
October 04, 2023, 07:15 AM
|
PNC's latest semi-annual survey of small and mid-sized businesses, which concluded Aug. 9, shows that business owner optimism about the outlook for their own business in the next six months has reached a 21-year high amid strong expectations for...
Read Story
September 08, 2023, 07:20 AM
|
PNC Bank released findings from its inaugural Financial Wellness in the Workplace Report 2023: What Employees Want (and Need), which summarizes survey data and in-depth interviews from a field of approximately 1,000 full-time workers from companies...
Read Story
August 25, 2023, 07:15 AM
|
PNC Bank, N.A announced the promotion of Zachary Bullock to Senior Vice President and Market Leader for Commercial Banking in Central Pennsylvania. Based in PNC’s Lancaster office, Bullock will oversee PNC’s Commercial Banking team in the market...
Read Story
August 18, 2023, 07:18 AM
|
PNC Bank appointed Steven González as Regional President for Austin. González will have direct oversight of business development, building and maintaining client relationships and leading philanthropic initiatives in support of the Austin community....
Read Story
July 19, 2023, 07:00 AM
|
PNC Private Bank has appointed David Reynolds to lead its St. Louis-based team. In his role as Senior Vice President and PNC Private Bank Market Leader, Reynolds collaborates with an established local team of advisors, strategists, private bankers...
Read Story
May 19, 2023, 07:12 AM
|
PNC Bank appointed key market leadership positions across the bank’s lines of business in North Florida. The new leadership team is responsible for driving growth, providing customers and clients access to PNC’s industry-leading technology, and...
Read Story
April 19, 2023, 07:13 AM
|
Based on the results of PNC's latest semi-annual survey of small and mid-sized businesses, which concluded Feb. 6, it appears that resilient business owners are defying predictions of an economic downturn later this year. In fact, business owner...
Read Story
February 28, 2023, 07:13 AM
|
The PNC Financial Services Group, Inc. announced the closing of its latest Green Bond issuance. The proceeds will fund eligible projects that promote a transition to a low-carbon economy and offer sustainability benefits across four categories...
Read Story
January 26, 2023, 07:00 AM
|
The PNC Financial Services Group, Inc. announced the expansion of its environmental finance commitment to $30 billion. The bank initially announced in August 2021 a commitment of $20 billion over five years in support of environmental finance. Since...
Read Story
January 13, 2023, 07:23 AM
|
Evans Transportation Services closed a new credit facility with PNC Bank. The new larger credit facility will serve as a vehicle for supporting the company’s current growth trajectory, which includes a revenue increase from $80 million to $400...
Read Story
December 22, 2022, 07:15 AM
|
PNC Bank announced the appointment of financial services veteran and Silicon Valley native Megan Schoettmer as Regional President for Northern California. The appointment marks PNC’s continued expansion in the Golden State, including earlier...
Read Story
August 10, 2022, 07:18 AM
|
The PNC Financial Services Group, Inc. announced its treasurer and longtime finance leader, Randall King, will retire from the company, effective Sept. 1. During his 39-year career with PNC, King has played key roles in helping manage PNC’s liquidity...
Read Story
August 01, 2022, 07:19 AM
|
PNC Bank has announced Brian Bucher will retire as Regional President for North Florida effective Oct.7 following a distinguished 40-year career in financial services. Succeeding him will be PNC Senior Vice President of Corporate Banking and former...
Read Story
July 22, 2022, 07:20 AM
|
PNC Bank announced Kay Geiger will retire as Regional President for Greater Cincinnati and Northern Kentucky effective July 31 following a distinguished 44-year career in financial services. Succeeding her will be long-time local PNC executive Warren...
Read Story
June 08, 2022, 07:24 AM
|
PNC Bank appointed key market leadership positions in Fort Worth, where the bank now ranks as one of the top financial institutions in deposit market share with its acquisition of BBVA USA. These market leaders, both Fort Worth natives, will be...
Read Story
May 12, 2022, 07:12 AM
|
PNC Bank announced the official opening of its North Texas Technology and Innovation Hub, the most recent tech-focused space it has opened across its coast-to-coast footprint, and the first hub of this type to be established in Texas. The hub will...
Read Story
April 25, 2022, 07:18 AM
|
Social responsibility (SR) is a high priority for executives across for-profit companies and nonprofit organizations, and serving the social good is perceived as becoming more important – even essential – for most organizations, according to a new...
Read Story
March 24, 2022, 07:05 AM
|
PNC Bank announced Connie Bond Stuart will retire as Regional President for Central and Southern Indiana effective April 30, following a 41-year career with the bank. Succeeding her will be veteran banking executive and Indiana native, Jason Eckerle...
Read Story
March 21, 2022, 07:18 AM
|
PNC Bank announced Charles P. “Chuck” Denny will retire as Regional President for Louisville on March 31, following a distinguished 41-year career with the bank. Succeeding Denny is Kristen Byrd, a 20-year PNC banking veteran and native Louisvillian...
Read Story
February 18, 2022, 07:20 AM
|
PNC Bank announced Ric DeVore will retire as Regional President for Detroit and Southeast Michigan effective March 31 after a 31-year career with the bank. Succeeding him will be long-time executive Michael G. Bickers, who will return to Detroit...
Read Story
February 11, 2022, 07:18 AM
|
PNC Bank announced the appointment of financial services veteran Denette Suddeth as Regional President and head of Commercial Banking for Nevada, including Reno and Las Vegas, in a move that gives the bank a presence in all 30 of the nation’s top...
Read Story
January 11, 2022, 07:15 AM
|
PNC Bank announced Gina Coleman will lead the bank’s diversity and inclusion efforts as Chief Diversity Officer, effective Jan. 1, 2022. She succeeds Marsha Jones, who has successfully led PNC’s Diversity and Inclusion efforts for the past decade...
Read Story
December 16, 2021, 07:12 AM
|
PNC Bank announced the appointment of two new regional presidents in California, further expanding its local leadership and decision-making model in the state. Jarrod Ingle joins PNC as the regional president and head of Corporate Banking for the...
Read Story
October 28, 2021, 07:24 AM
|
Business owners are feeling optimistic about the near-term future of their businesses amid increasing vaccination rates, and those who report that more than three-quarters of their workforce has been vaccinated are the most positive about their...
Read Story
September 28, 2021, 07:18 AM
|
The PNC Financial Services Group announced it is committing $20 billion over five years in support of environmental finance. This commitment is an extension of PNC's long-standing support for accelerating the transition to a low-carbon economy, and...
Read Story
August 20, 2021, 07:00 AM
|
L.B. Foster Company, a leading provider of products and services for the rail industry and solutions to support critical infrastructure projects, announced that on August 13, 2021, it entered into a Fourth Amended and Restated Credit Agreement to...
Read Story
August 17, 2021, 06:02 AM
|
PNC Bank, N.A. announced regional leadership appointments across the state of Texas, where PNC now ranks fourth in deposit market share with its acquisition of BBVA USA. Completion of the acquisition was announced June 1, with PNC emerging as the...
Read Story
June 29, 2021, 07:21 AM
|
PNC Bank, N.A. announced the appointment of Kyle Myers as the Regional President and head of Corporate Banking for Kansas City. Myers will lead the efforts to provide customers and clients in the market with access to a full range of products and...
Read Story
June 23, 2021, 07:15 AM
|
PNC Bank, N.A. announced veteran banker and longstanding executive Dale Klose will relocate to Fort Worth, TX, to serve in his role as Southwest and Mountain territory Executive for PNC’s regional president organization. The move signals the...
Read Story
June 22, 2021, 07:17 AM
|
Following the acquisition of BBVA USA, PNC Bank, N.A. announced new appointments to the leadership team for Alabama, led by Nick Willis, who continues in the role of Regional President for Northern and Central Alabama. Completion of the acquisition...
Read Story
June 04, 2021, 07:21 AM
|
TCF National Bank (TCF Bank), a subsidiary of TCF Financial Corporation (TCF), hired Brian Janssen and promoted Trisha Hale as Business Banking Market Managers. In this newly created role, Janssen and Hale lead teams of Business Banking Relationship...
Read Story
January 16, 2020, 07:20 AM
|
MidCap Financial announced it has closed the acquisition of substantially all of PNC Bank's Franchise Finance loan portfolio. In conjunction with the acquisition, six members of the Franchise Finance business have joined MidCap Financial, including...
Read Story
October 02, 2019, 07:26 AM
|
PNC Bank, National Association, announced the closing of a $42.38 million senior secured credit facility for Madison-Kipp Corporation (MKC), a portfolio company of Dallas, TX-based Trive Capital.The transaction includes a $15.775 million equipment...
Read Story
September 17, 2019, 07:25 AM
|
PNC Bank, N.A., announced the appointment of Ramy Sidhom as President of Aviation Finance. PNC Aviation Finance is an aircraft lender, funding over $3 billion in aircraft loans and leases over the past five years, spanning all cabin sizes. Sidhom...
Read Story
August 29, 2019, 07:25 AM
|
PNC Bank announced that in 2019 it plans to begin offering fully digital business lines of credit, up to $100,000, in an expansion of its online lending to customers and prospects in the United States.PNC’s new digital product brings together one of...
Read Story
October 23, 2018, 07:25 AM
|
PNC Business Credit, the senior secured lending division of PNC Bank, N.A., announced three appointments to its senior secured financing team in the Upper Midwest and Western regions. Luke Tripodi has been appointed senior vice president and...
Read Story
March 16, 2018, 07:50 AM
|
The PNC Financial Services Group announced that E. William Parsley III has been named Chief Operating Officer effective immediately. Gagan Singh will succeed Parsley as Chief Investment Officer and continue with his current duties and Randall C. King...
Read Story
February 23, 2018, 07:24 AM
|
PNC Bank announced the entry into a definitive agreement to acquire Fortis Advisors, a provider of private merger and acquisition post-closing shareholder representative services, having engaged in over 750 M&A transactions since 2011. Upon the...
Read Story
December 21, 2017, 07:07 AM
|
PNC Bank has appointed Brian Bucher regional president of a newly created Port Cities region, encompassing Jacksonville, Charleston, South Carolina and Savannah, Georgia, effective Jan. 1, 2018. The introduction of the company's regional president...
Read Story
October 20, 2017, 07:11 AM
|
Optimism among business owners about the U.S. economy and the outlook for their own businesses has reached levels never-before seen in the 15-year history of the PNC Economic Outlook, a biannual telephone survey of small- and medium-sized business...
Read Story
May 08, 2017, 07:05 AM
|
ECN Capital announced today it has completed the previously announced sale of the company’s U.S. Commercial and Vendor (C&V) Finance business to PNC Financial Services Group (PNC) on the previously agreed terms. With the sale, ECN Capital is now a...
Read Story
April 04, 2017, 07:15 AM
|
ECN Capital Corp. announced that it has entered into an agreement with PNC Financial Services Group (PNC) to sell the Company’s US Commercial and Vendor (C&V) Finance business for cash proceeds of approximately US$ 1.253 billion. PNC will purchase...
Read Story
February 22, 2017, 07:40 AM
|
PNC Bank announced the appointment of Jennifer LaClair to lead PNC’s Business Banking team.Based in Pittsburgh, LaClair is responsible for leading one of the largest domestic business banks. She was most recently chief financial officer of PNC’s...
Read Story
January 24, 2017, 07:18 AM
|
PNC Bank announced the appointment of Alex Overstrom as head of PNC Aviation Finance, a premier aircraft lender, funding over $3 billion in aircraft loans over the past five years. In addition, Keith Hayes joins the leadership team as national sales...
Read Story
January 10, 2017, 07:10 AM
|
PNC Equipment Finance, LLC, a wholly-owned subsidiary of PNC Bank, N.A., announced the completion of its railcar solutions for corporate customers with the addition of full-service operating railcar leases. Features of this new rail solution for...
Read Story
November 15, 2016, 07:10 AM
|
Owners of small and mid-sized businesses are upbeat about the U.S. economy amid steady expectations for their sales and hiring during the next six months, according to the latest PNC Economic Outlook Survey findings. The fall findings of PNC's...
Read Story
October 11, 2016, 07:00 AM
|
PNC Bank, N.A., and its affiliate, PNC Equipment Finance, LLC, completed a $90 million multifaceted financing package for James Marine, Inc., a Kentucky-based provider of marine services serving the U.S. inland waterway industry. The financing pairs...
Read Story
September 13, 2016, 07:11 AM
|
PNC Energy Capital announced the appointment of Michael L. Ziemke as vice president and senior account manager based in New York. Ziemke brings 20 years of experience in renewable energy lease financing and solar project technologies. Reporting to...
Read Story
March 01, 2016, 07:10 AM
|
FuelCell Energy announced a $30 million project financing facility with PNC Energy Capital, LLC, a full service capital provider to the renewable energy and demand side management segments of the energy industry. This facility provides long term...
Read Story
December 16, 2015, 07:02 AM
|
PNC Bank announced the closing of an $8.9 million asset-based revolver and term loan facility for Bright Plastics Inc. Based in Greensboro, North Carolina, the company will use the funds to refinance existing debt and for working capital.Bright...
Read Story
November 24, 2015, 07:00 AM
|
PNC Bank today announced the addition of Sean Unterreiner as vice president of PNC Equipment Finance for the middle market region. Unterreiner is based in Clayton, Missouri, where he provides equipment financing solutions to clients in St. Louis and...
Read Story
March 19, 2015, 07:02 AM
|
PNC Equipment Finance announced the hiring of Jim Williams as vice president of business development with the sports and entertainment group. Williams is based in Cedar Park, Texas, and will focus on expanding PNC’s presence within the golf, sports...
Read Story
December 09, 2014, 07:02 AM
|
PNC Equipment Finance announced the creation of a Structured Finance Solutions group to provide strategic services and creative solutions to large corporations, midsize companies and government entities around complex financial transactions. The...
Read Story
September 05, 2014, 07:05 AM
|
PNC Capital Markets announced the creation of a Transportation and Utilities public finance capital markets team based in New York City. New hire Nic Malas, managing director, will lead this team, focusing on transportation financing and municipal...
Read Story
July 28, 2014, 07:03 AM
|
PNC Bank announced the addition of Michael Alch as senior vice president of equipment finance’s west region team. Alch is based in the Chicago area where he will lead his team, as they provide equipment financing solutions to middle market companies...
Read Story
June 03, 2014, 06:47 AM
|
PNC Bank, N.A., a member of The PNC Financial Services Group, Inc. received approval today from Canada’s Office of the Superintendent of Financial Institutions (OSFI) for a license to expand commercial banking services across Canada. Established as...
Read Story
February 19, 2014, 06:59 AM
|
PNC Bank announced the appointment of Scott Preiser, senior account executive with the equipment finance team. Based in Boca Raton, Fla., Preiser will be responsible for developing new vendor programs targeting the medical industry. Preiser brings...
Read Story
December 23, 2013, 07:05 AM
|