Posts tagged PNC

1st quarter strong for PNC; Huntington profits dip

   April 17, 2013 9:22 am    0

Results were mixed for a pair of local banks that reported their quarterly earnings this morning. The news was good for Pittsburgh-based PNC Financial Services Group. The bank, one of the nation’s largest and the largest in western Pennsylvania, said profits rose 22 percent on revenue growth of 6 percent. PNC earned $938 million, or…

 

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PNC Bank: No Erie branches on closure list for now

   March 15, 2013 2:05 pm    0

Officials at Pittsburgh-based PNC Financial Services Group have yet to determine if any bank branches in Erie or Crawford counties will be among the roughly 200 the bank will close this year. The bank, one of the nation’s largest and a prominent player in this corner of Pennsylvania, announced recently that it planned to close…

 

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Allegheny College grad to take helm at PNC Bank

   February 14, 2013 3:06 pm    0

William S. Demchak, a 1984 graduate of Allegheny College in Meadville, will become the first new chief executive of Pittsburgh-based PNC Financial Services in more than a generation. Demchak, who joined PNC in 2002 as its chief financial officer, has served most recently as the company’s president. James Rohr, who has been chairman and chief…

 

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PNC reports strong earnings

   October 21, 2010 8:33 am    0

PNC Financial Services Group Inc., the region’s largest bank with 21 branches in Erie and Crawford counties, reported third-quarter income of $1.1 billion, nearly double the $559 million the company earned in the third quarter of 2009. Earnings were also up 37 percent from the $803 million the company earned in the second quarter of…

 

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PNC honored by Working Mother Magazine

   September 14, 2010 12:50 pm    0

Pittsburgh-based PNC Financial Services Group Inc. has been named one of the nation’s 100 best companies by Working Mother Magazine. This marked the ninth consecutive year that PNC, which has numerous locations in Erie and Crawford counties, has been recognized for its efforts to improve the lives of working families. “Our goal is to create…

 

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Earnings jump for PNC

   July 22, 2010 11:23 am    0

PNC Financial Services Group Inc., the largest bank in Pennsylvania, saw its financial picture improve dramatically in the second quarter of the year. The Associated Press reports that the Pittsburgh-based company said Thursday that its second-quarter net income rose twelvefold on higher revenue, lower expenses and better credit quality. Net income jumped to $786 million,…

 

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Former National City Bank debit accounts hacked

   March 18, 2010 1:09 pm    0

This just in from the Associated Press: PNC Financial Services Group is investigating a systemwide account breach that affects former National City Bank customers and their debit card accounts. The affected accounts are restricted to the Cincinnati area, and current PNC Bank customers are not affected, PNC spokesman Fred Solomon said.

 

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PNC to pay employees $1,000 bonuses

   March 1, 2010 1:38 pm    0

Thousands of employees of PNC Financial Services Group Inc., including employees at 24 branches in Erie and Crawford counties, are expected to collect $1,000 bonuses later this month. According to a report in the Pittsburgh Business-Times, full bonuses would be paid to all employees making less than $100,000 who were with the company as of…

 

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PNC to repay TARP

   February 2, 2010 3:05 pm    0

Pittsburgh-based PNC Financial Services Group Inc. has announced plans to repay $7.6 billion taken under the federal government’s TARP or Troubled Asset Relief Program. Money to redeem the shares held by the U.S. Treasury will come in part from the company’s plan, also announced today, to sell PNC Global Investment Servicing to BNY Mellon for…

 

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Breakfast briefing canceled

   September 14, 2009 12:10 pm    0

A planned Eggs ‘n’ Issues briefing scheduled for 8 a.m. Wednesday at the Manufacturer & Business Association’s conference center at 2171 W. 38th St., has been canceled. That session was to have featured Joe Guyaux, president of the PNC Financial Services Group.

 

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