All Entries Tagged With: "PNC Bank"

PNC Bank gets $7.7 billion and buys National City Corp

PNC Financial Services Group, who have a huge presence in Washington announced today that it is purchasing National City for $5.2 billion in stock, by doing so PNC will create the fifth-largest bank in the country by deposits.
PNC Bank also said that the US Treasury will be injecting $7.7 billion of capital into the bank. [...]