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PNC Financial Services Group, Incorporation. (stylized as PNC) is a north american financial services corporation, with {property|resources|possessions} (as of December {thirty-one|23|31st}, 2015) of approximately $358 billion.[1] {Mainly because|Simply because|Just as} well as deposits of approximately $249 billion.[1] PNC {functions|businesses} {incorporate a|add a|will include a} regional banking franchise {working|functioning} {mostly|generally} in nineteen {says|claims|areas} and the District of Columbia with more than 2, 600 branches, online and mobile services {collectively|jointly|along} with 9000 ATMs,[1] specialized financial businesses serving companies and {authorities|federal government|govt} entities, and asset management and processing businesses.
Inside the U. S., PNC is the fifth {most significant|major} bank by number of branch offices, sixth {most significant|major} by deposits, ninth {most significant|major} by total assets,[3][4] and third {most significant|major} by number of off-premises ATMs.[5] PNC is based in Pittsburgh
PNC Financial {Solutions|Providers|Companies} traces its history to the Pittsburgh Trust and Savings Company which was founded in Pittsburgh, {Pa|Philadelphia|Missouri} on April 10, 1845.[6][7] {Credited|Scheduled|Anticipated} to the long restoration from the Great {Open fire|Fireplace|Flames} of Pittsburgh, PNC was not fully operational until January 28, 1852,[8] {in order to|mainly because it|because it} opened office buildings at Liberty Avenue and 12th street. The {lender was|standard bank was|loan company was} renamed The Maryland Trust Company in 1853.[9] In 1858, the company located {the|their|it is} corporate offices at a corner of Fifth {Method|Opportunity|Path} and Wood Street in Pittsburgh where they {stay|continue to be} to this day. {The financial institution|The lender|Your bank} changed its name to First National Bank of Pittsburgh in 1863, after it became the first bank in the country to apply for a national charter[6] as part of that year's National Banking {Take action|Work|Action}.[10] It received charter number forty-eight on August 5, 1863, with other later banks {obtaining|acquiring} charters sooner due to paperwork problems and the fact that the {lender|standard bank|loan company} had been in business.[6][9]
By late 1950s, after a series of mergers, the bank {experienced|got|acquired} evolved {in to the|in the} Pittsburgh {Country wide|State|Domestic} Bank,[11] which later became the leading subsidiary of Pittsburgh {Country wide|State|Domestic} Corporation. Another subset of the current bank, the Philadelphia based Provident {Country wide|State|Domestic} Corporation, dates back to the mid-19th century.[10]
In 1982, Pittsburgh {Country wide|State|Domestic} Corporation and Provident {Country wide|State|Domestic} Corporation merged into a new entity named PNC Financial Corporation. It was the {most significant|major} bank combination in American history at the time.[10] Between 1991 and mil novecentos e noventa e seis, PNC purchased more than ten smaller banks and financial institutions that {enhanced|extended} its market base from Kentucky to the {Higher|Better|Increased} {Nyc|Ny|New york city} metropolitan area.[10] In 2005, PNC acquired Washington, D. C. based Riggs Bank.[10] PNC completed the purchase of Maryland-based Cargo Bankshares on March 2, 2007.[10] {Upon|About|In} June 7, 2007, PNC announced the acquisition of Yardville National Bancorp, {a tiny} commercial bank centered in central New Jersey and eastern Pennsylvania. The {deal was|purchase was} completed in {Mar|Drive|Walk} 2008.[10] {Upon|About|In} July 19, 2007, PNC announced the acquisition of Sterling Financial Corporation, a commercial and consumer {lender|standard bank|loan company} with accounts and {twigs|divisions|limbs} in central Pennsylvania, northeastern Maryland and Delaware. The transaction was also completed in 2008.[
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