What Does PNC Bank Stand For?

According to PNC, the current name was derived from the initials of the two merging banks, Pittsburgh National Corporation and Provident National Corporation, which took place in 1983. The bank merger was the largest in U.S. history at the time.

The creation of PNC Financial Corporation arose from a 1982 Pennsylvania statute that permitted state-wide banking, which led to the merger. PNCโ€™s founding holding company, Pittsburgh National Corporation, was created in 1852, making it Pittsburghโ€™s oldest bank. Provident National Corporation, also known as the โ€œQuaker bank,โ€ was founded in 1862 by Friends from Pennsylvania. PNC further adds that it continued to consolidate and grow as it bought more firms throughout the 1990s.

Joel Gomez
Joel Gomezhttps://www.gadgetclock.com
Joel Gomez is an Avid Coder and technology enthusiast. To keep up with his passion he started Gadgetclock 3 years ago in 2018. Now It's his hobby at the night :) If you have any questions/queries and just wanna chit chat about technology, shoot a mail - Joel at gadgetclock com.

Recent Articles

Related Stories

Stay on op - Ge the daily news in your inbox