PNC Bank is a subsidiary of The PNC Financial Services Group, Inc., a U.S.-based bank holding company headquartered in Pittsburgh, Pennsylvania, and founded in 1845. PNC Bank has been a subsidiary of The PNC Financial Services Group, Inc. since it was established as a separate division of the company in 1983.
PNC Bank is the 16th-largest credit card issuer in the United States, with 6.1 million cards in circulation. For more information, check out PNC Bank ’s credit card reviews.
This answer was first published on 02/24/23 and it was last updated on 07/05/23. For the most current information about a financial product, you should always check and confirm accuracy with the offering financial institution. Editorial and user-generated content is not provided, reviewed or endorsed by any company.
FAQs
PNC Bank is an indirect, wholly-owned subsidiary of PNC. the CIDI Rule as a service or operation of the CIDI, such as servicing, information technology support and operations, and human resources and personnel, which are necessary to continue the day-to-day operations of the CIDI.
Who is the parent bank of PNC Bank? ›
PNC is the product of a merger of two distinguished Pennsylvania banks in 1983: Pittsburgh National Corporation and Provident National Corporation based in Philadelphia. Each of these institutions had served diverse markets so that merger creating PNC also became the largest bank in Pennsylvania.
Who owns the PNC Bank? ›
William Demchak owns 575,843 shares of PNC, a stake worth about $87 million as of April 2024. Demchak serves as PNC's CEO and chairman of the board. Michael Lyons owns 210,095 shares of PNC.
Who has PNC Bank merged with? ›
This website contains forward-looking statements regarding our outlook or expectations with respect to the acquisition of BBVA USA Bancshares, Inc., the combination of BBVA USA Bancshares, Inc. into PNC and BBVA USA into PNC Bank, and the impact of the transaction on PNC's future performance.
Is PNC a state or federal bank? ›
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.
Is PNC Bank American owned? ›
PNC Bank is a subsidiary of The PNC Financial Services Group, Inc., a U.S.-based bank holding company headquartered in Pittsburgh, Pennsylvania, and founded in 1845. PNC Bank has been a subsidiary of The PNC Financial Services Group, Inc. since it was established as a separate division of the company in 1983.
Who is the largest shareholder of PNC? ›
Largest shareholders include Vanguard Group Inc, BlackRock Inc., State Street Corp, Fmr Llc, Capital International Investors, VTSMX - Vanguard Total Stock Market Index Fund Investor Shares, Jpmorgan Chase & Co, Wellington Management Group Llp, VFINX - Vanguard 500 Index Fund Investor Shares, and Franklin Resources Inc ...
Who is the number 1 bank in America? ›
J.P. Morgan Chase is the number one bank in America in terms of total assets held, according to the Federal Reserve.
What did PNC Bank used to be called? ›
The 1983 merger of Provident National Corporation and Pittsburgh National Corporation to form PNC Financial Services brought together two highly-regarded banks, not just for their business philosophy, but also for their support of their regional culture.
What bank did PNC just buy out? ›
Pittsburgh-based PNC Bank closed its acquisition of BBVA's American banking business in June, and BBVA customers who haven't already seen changes to their deposit, credit or investment accounts should experience them by early October.
PNC Mortgage, LLC, a joint venture between Wells Fargo Home Mortgage and PNC, will offer homebuyers a wide range of home financing products and services leveraging Wells Fargo Home Mortgage, one of the nation's leading providers of residential mortgage financing.
Where is PNC Bank main headquarters? ›
Is PNC Bank merging with another bank? ›
Though large bank mergers have not been ubiquitous recently, those that have been announced are taking a while to be cleared by regulators. The PNC-BBVA deal was announced in November 2020 and closed in May 2021.
What makes PNC different from other banks? ›
Underpinning our success at building deep and lasting relationships with middle market clients is our breadth of capabilities–including extensive treasury management, capital markets and international banking services–many of which have been tailored specifically for the middle market audience.
Is PNC FDIC insured? ›
PNC Bank is a member of the Federal Deposit Insurance Corporation (FDIC).
What else is PNC Bank called? ›
The 1983 merger of Provident National Corporation and Pittsburgh National Corporation to form PNC Financial Services brought together two highly-regarded banks, not just for their business philosophy, but also for their support of their regional culture.
Is PNC owned by RBC? ›
Sale to PNC
The sale of RBC Bank closed in March 2012. Upon acquisition, all RBC Bank branches were rebranded as PNC branches and the RBC Bank brand became dormant for US customers. RBC Insurance, RBC Wealth Management and RBC Investing remained subsidiaries of RBC.
What is a parent bank? ›
Parent Bank . , in relation to a bank, means a financial institution which is able to exercise a significant influence over the direction and management of the bank or which has a controlling interest in the bank; Based on 8 documents.
Who owns Chase bank? ›
Chase is the U.S. consumer and commercial banking business of JPMorgan Chase & Co. (NYSE: JPM), a leading global financial services firm with $2.6 trillion in assets and operations worldwide.
