PNC Financial Services Group
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| Public | |
| Traded as | : PNC S&P 500 Component |
| Industry | Financial services |
| Predecessor | Pittsburgh National Corporation Provident National Corporation |
| Founded | April 10, 1845 Operational: January 28, 1852 |
| Headquarters |
Tower at PNC Plaza Pittsburgh, Pennsylvania, United States |
|
Key people
|
William S. Demchak (CEO) Robert Q. Reilly (CFO) |
| Revenue |
 US$ 14.326 billion (2011)
|
 US$ 4.069 billion (2011)
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|
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US$ 3.071 billion (2011)
|
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| AUM |
US$ 210 billion (2011)
|
| Total assets |
US$ 358 billion (2016)
|
| Total equity |
US$ 45 billion (2016)
|
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Number of employees
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52,500 (2016) |
| Website | PNC.com |
PNC Financial Services Group, Inc. (stylized as PNC) is an American financial services corporation, with assets (as of December 31, 2015) of approximately $358 billion, as well as deposits of approximately $249 billion. PNC operations include a regional banking franchise operating primarily in nineteen states and the District of Columbia with more than 2,600 branches, online and mobile services together with 9000 ATMs, specialized financial businesses serving companies and government entities, and asset management and processing businesses.
In the U.S., PNC is the fifth largest bank by number of branch offices, sixth largest by deposits, ninth largest by total assets, and third largest by number of off-premises ATMs. PNC is based in Pittsburgh.
PNC Financial Services traces its history to the Pittsburgh Trust and Savings Company which was founded in Pittsburgh, Pennsylvania on April 10, 1845. Due to the long recovery from the Great Fire of Pittsburgh, PNC was not fully operational until January 28, 1852, when it opened offices at Liberty Avenue and 12th street. The bank was renamed The Pittsburgh Trust Company in 1853. 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 as part of that year's National Banking Act. It received charter number forty-eight 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.
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Wikipedia