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.
The PNC Financial Services Group Inc. is the 13th largest bank in the United States and a leading diversified financial services firm operating in Delaware, Kentucky, New Jersey, Ohio, and Pennsylvania. PNC grew rapidly in the 1980s and 1990s mainly through a series of acquisitions, the largest being the 1995 purchase of Midlantic Corp. and the 1999 purchase of First Data Investment Services Group. In an era of heavy bank consolidation brought on by increasing competitive pressures and deregulation, PNC's aggressive acquisition program enabled it to stay a leading force in the banking industry. PNC's main businesses include community banking, corporate banking, real estate finance, asset-based lending, wealth and asset management, and global fund services.
PNC Bank, N.A.; PNC Bancorp, Inc.; PNC Advisors, N.A.; PNC Bank Capital Securities, LLC; PNC Commercial Management, Inc.; BlackRock, Inc.; PNC Leasing, LLC; PNC Capital Leasing, LLC; PNC Holding, LLC; PFPC Worldwide Inc.; PNC Funding Corp.; PNC Investment Corp.