Global Information Lookup Global Information

National City acquisition by PNC information


The transitional logo used by PNC Financial Services after it finalized the purchase of National City Corp., January 2009 –June 2010.

The National City acquisition by PNC was the deal by PNC Financial Services to acquire National City Corp. on October 24, 2008 following National City's untenable loan losses during the subprime mortgage crisis. The deal received much controversy due to PNC using TARP funds to buy National City only hours after accepting the funds while National City itself was denied funds, as well as civic pride for the city of Cleveland, Ohio, where National City was based.[1]

  1. ^ Sims, Damon (November 16, 2008). "PNC-National City bank deal draws criticism". Cleveland Plain Dealer. Retrieved October 28, 2009.

and 22 Related for: National City acquisition by PNC information

Request time (Page generated in 0.8769 seconds.)

National City acquisition by PNC

Last Update:

National City acquisition by PNC was the deal by PNC Financial Services to acquire National City Corp. on October 24, 2008 following National City's untenable...

Word Count : 3637

PNC Financial Services

Last Update:

financial crisis of 2007–2008, the National City acquisition by PNC for $5.2 billion in stock was completed. The acquisition was financed with preferred stock...

Word Count : 4106

KeyBank

Last Update:

crosstown rival National City Corp., which Key tried to acquire from PNC Financial Services following the National City acquisition by PNC in 2008 before...

Word Count : 3467

Huntington Bancshares

Last Update:

with United States antitrust law concerns after the National City acquisition by PNC. Ultimately, PNC sold the overlapping branches to First Niagara Bank...

Word Count : 4205

National City

Last Update:

as Bristol Wells National City Corp., a bank formerly headquartered in Cleveland, Ohio National City acquisition by PNC National City Bank of New York...

Word Count : 130

Subprime mortgage crisis

Last Update:

Mortgage-backed security National City acquisition by PNC, the merger of PNC Financial Services and National City Corp. after National City became a victim of...

Word Count : 34106

Jim Rohr

Last Update:

oversaw PNC's acquisition of struggling National City Corporation. The transaction effectively doubled the size of PNC and briefly made PNC one of the...

Word Count : 1504

RBC Bank

Last Update:

American customers with its acquisition of Los Angeles–based City National Bank in 2015. "Rocky Mount, N.C. Exhibit". PNC Bank. Retrieved 2013-11-21....

Word Count : 969

Money Access Center

Last Update:

company was co-owned by CoreStates, Bank One, PNC Bank, and Society Corporation. These were later joined by KeyCorp and National City Corp. Through the 1990s...

Word Count : 585

Shell Energy Stadium

Last Update:

by BBVA USA; the name was changed to that of PNC Financial Services due to BBVA's acquisition by PNC. The stadium's naming rights have been owned by Shell...

Word Count : 2821

List of bank mergers in the United States

Last Update:

Fitzpatrick, David Enrich and Damian Paletta (October 25, 2008). "PNC Buys National City in Bank Shakeout". The Wall Street Journal. Matthias Rieker (June...

Word Count : 1054

Citizens Financial Group

Last Update:

potential Citizens buyers included JPMorgan Chase, Wells Fargo, U.S. Bancorp, PNC Financial Services, and Fifth Third Bank. In February 2013, RBS confirmed...

Word Count : 3280

BBVA USA

Last Update:

Banco Bilbao Vizcaya Argentaria from 2007 until 2021, when it was acquired by PNC Financial Services. It operated mainly in Alabama, Arizona, California,...

Word Count : 2213

Chase Bank

Last Update:

considered buying National City branches from PNC that were required for divesture following that bank's acquisition of National City in 2009, but were...

Word Count : 5429

Riggs Bank

Last Update:

headquartered in that city. On May 13, 2005, after the exposure of several money laundering scandals, the bank was acquired by PNC Financial Services. The...

Word Count : 2291

Collapse of Silicon Valley Bank

Last Update:

assets on March 12 attracted a single bid that was not from a bank, after PNC Financial Services and RBC Bank backed away from making offers. Bank of America...

Word Count : 10935

Washington Mutual

Last Update:

the acquisition of Murphey Favre, WaMu made numerous acquisitions with the aim of expanding the corporation. By acquiring companies including PNC Mortgage...

Word Count : 18713

Citibank

Last Update:

National City eventually became completely moot when PNC Financial Services acquired National City in 2008 during the subprime mortgage crisis. In 1987...

Word Count : 6765

Oppenheimer Holdings

Last Update:

On May 8, 1997, The Wall Street Journal announced that Pittsburgh-based PNC Bank Corp. was in talks to buy Oppenheimer & Co. for about $500 million in...

Word Count : 1551

Bank One Corporation

Last Update:

ownership, City National Bank, through its First Banc Group parent, started to purchase banks outside of its home county. The first acquisition by the new...

Word Count : 10544

First Niagara Bank

Last Update:

after the signs were changed over from National City during Labor Day Weekend. PNC, which had acquired National City in late 2008 with money from the $700...

Word Count : 1718

Truist Financial

Last Update:

Federal Financial Institutions Examination Council. May 18, 2022. "PNC Completes Acquisition of BBVA USA". Yahoo Finance. June 1, 2021. Retrieved June 1, 2021...

Word Count : 6913

PDF Search Engine © AllGlobal.net