ABOUT THIS COMPANY
Strong as steel
The Pittsburgh Trust & Savings Company was founded in 1852, making it that city’s oldest bank. After a century of growth and mergers, PT&S was known as the Pittsburgh National Bank and played an important role in the growth of Pittsburgh industry. In 1982, Pennsylvania rewrote its banking laws to permit statewide banking; Pittsburgh National joined with Provident National in what was, at the time, the biggest bank merger in U.S. history. The convenience of the two entities’ shared initials made naming easy, giving birth to PNC Financial Corporation.
Four years later, the bank stepped outside state borders, merging with Kentucky-based Citizens Fidelity. In the 1990s, PNC spread across its home state and advanced into Ohio, Kentucky and New Jersey. A number of strategic acquisitions brought PNC’s business to Florida, Massachusetts, Maryland and Virginia. In 2005, it added Harris Williams, a leading middle-market M&A advisor, as a wholly owned PNC subsidiary. Harris Williams, named Middle Market Investment Bank of the Year by Investment Dealer’s Digest in January 2008, operates from its own offices in Richmond, Va.; Boston; San Francisco; Philadelphia; and Minneapolis. In 2008, PNC acquired rival bank National City Corp for $5.2 billion.
ABOUT THIS COMPANY
Strong as steelThe Pittsburgh Trust & Savings Company was founded in 1852, making it that city’s oldest bank. After a century of growth and mergers, PT&S was known as the Pittsburgh National Bank and played an important role in the growth of Pittsburgh industry. In 1982, Pennsylvania rewrote its banking laws to permit statewide banking; Pittsburgh National joined with Provident National in what was, at the time, the biggest bank merger in U.S. history. The convenience of the two entities’ shared initials made naming easy, giving birth to PNC Financial Corporation.
Four years later, the bank stepped outside state borders, merging with Kentucky-based Citizens Fidelity. In the 1990s, PNC spread across its home state and advanced into Ohio, Kentucky and New Jersey. A number of strategic acquisitions brought PNC’s business to Florida, Massachusetts, Maryland and Virginia. In 2005, it added Harris Williams, a leading middle-market M&A advisor, as a wholly owned PNC subsidiary. Harris Williams, named Middle Market Investment Bank of the Year by
Investment Dealer’s Digest in January 2008, operates from its own offices in Richmond, Va.; Boston; San Francisco; Philadelphia; and Minneapolis. In 2008, PNC acquired rival bank National City Corp for $5.2 billion.
